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$ACT Testing Crucial Resistance Area, Expecting Strong Bullish Wave After Successful Breakout, In Next Few Days, Waiting For Breakout

After hitting EMA200 Daily, #BTC should retest top area Follow my copy trade to earn some $$

After a consolidation around $96,500, bitcoin faced selling pressure, bringing its price back to the support level of $89,000. Check out Elyfe’s analysis to decode the technical outlook for BTC. After attempting a rebound from $91,350, the bitcoin consolidated between $93,450 and $99,150. Unfortunately, this zone was broken from below, confirming the hypothesis made in the February 19, 2025 analysis . Indeed, bitcoin dropped about 10%. It fell below the first monthly pivot support to reach the support zone identified around $89,000, which is below the lower part of the range initiated since the end of 2024. At the time of writing, bitcoin is trading around $88,000. It reached $86,900, its lowest level since the new ATH of bitcoin. The cryptocurrency is now clearly below a significant value area, under the annual VWAP and its 50-day moving average, indicating a clearly bearish short-term trend. Although the long-term trend remains bullish, the medium-term trend is now neutral and could confirm a reversal as the decline accelerates. Unsurprisingly, the bullish momentum of bitcoin has been revised downward. This is reflected both in its price and in its oscillators, which have reached new lows. The current technical analysis has been conducted in collaboration with Elyfe , investor and popularizer in the cryptocurrency market. In recent weeks, we have observed a simultaneous stabilization of open interest and the underlying price, signaling a phase of market consolidation. However, the bearish recovery of BTC has led to a decrease in open interest, suggesting a gradual exit from positions on BTC/USDT perpetual contracts. Unfortunately, the decline in CVD has accelerated again, reflecting a predominance of sell orders in the current market. This momentum suggests a resurgence of seller aggressiveness, illustrating significant selling intent from investors. The drop in bitcoin has led to the largest liquidations of long positions since the beginning of 2025, with nearly $331 million liquidated in just two days. This wave of liquidations reflects strong selling pressure and increased volatility in the market, weakening buying strength. Nevertheless, the funding rate for BTC/USDT contracts remains slightly positive, indicating resilience from buyers despite the selling pressure. The heatmap of perpetual BTC/USDT contract liquidations reveals that bitcoin has reached a major liquidation zone, identified around $88,000. Some buying interest seems to have emerged, as evidenced by the sudden rebound in price upon contacting this level. Currently, the key liquidation zones are located on either side of the current price. These thresholds represent major inflection points for the market. An approach to the price towards these levels could trigger massive orders, thus playing a key role in the upcoming movements, depending on supply and demand dynamics. Bitcoin shows signs of weakness with persistent selling pressure. Its bullish momentum is fading, giving way to a phase of uncertainty where buyers are struggling to regain control. As long as key levels are not reclaimed, the risk of further decline remains. In this context, it will be essential to closely monitor price reactions at strategic levels to confirm or adjust current forecasts. Finally, let us remind you that these analyses are based solely on technical criteria, and the price of cryptocurrencies can evolve rapidly depending on other more fundamental factors. Did you find this study interesting? Check out our latest XRP analysis .

The month was rough for all the coins, but meme coins have probably got the brunt of the whole thing. At press time, meme coins are simply bleeding red. Most coins have faced some steep decline, as stable coins show a manageable decline. In the past 24 hours, meme coins have taken a considerable hit. The coins that are lagging the most include Dogwifhat (WIF), Ai16z and BONK. These three tokens have been spearheading the downward slump, as per the data released by Coinmarketcap. In the meantime, BTC has been stable, as it has shown a steady 0.63% daily and 0.93% weekly timeframes. This comparison and the following article will help you guys understand the true nature of speculative coins like meme coins. These coins are simply powered by popularity. Hence, they can show some of the biggest jumps or declines in the industry. Ai16z At the time of writing, Ai16z’s daily chart shows a prominent bearish pricing trend. At press time, the price of the token is currently $0.32. This is considerably lower than the 7-day simple moving average of $0.34. Looking at the current pricing structure, the immediate support area for the token is located at the $0.30 price point, which has already been tested a number of times in the last few days. If the price of the Ai16z token falls below this support level, it could cascade down to $0.27 or $0.28. This was the level where the price was consolidating before a breakout. As of now, $0.40 is the key resistance level. This is a strong resistance level, but if the price does manage to break out, it can operate between the $0.45 and $0.50 range. Dogwifhat The daily chart of Dogwifhat or WIF also shows strong downtrends. The 7-day SMA of the coin is showing some serious downtrend. As of writing, the price of the token is hovering somewhere around $0.60, which is below the 7-day SMA of $0.64. In the current pricing structure, the key resistance level of the coin is hovering somewhere at the $0.70 and $0.75 range. Meanwhile, the support level is currently located in the $0.60 range, which has been tested multiple times. If the price fails this support level, it could easily cascade to $0.55. For a potential change of momentum, the token needs to break the 7-day SMA. Otherwise, things can be difficult going ahead. BONK At press time, Bonk is standing at $0.00001451. This is considerably below the 7-day SMA of $0.00001557. In fact, the price of the token has tried to break the SMA record but has failed repeatedly. This means that the sellers are still in control. At the moment, the current support level of the coin is $0.00001400. This level has been tested multiple times, and if it breaks, the price of the token might cascade down to the $0.00001250 – $0.00001300 range. Meanwhile, the $0.00001750 – $0.00001800 region is a strong resistance zone. If the token breaks this zone, its price can climb high. However, the current market stance shows that a climb might be difficult at the moment. As a result, BONK holders are currently in Red. The post Meme Coins Are On The Brink Of Crash. What To do? appeared first on Coinfomania.

Among the trending smart contract platforms, $SUI has caught the attention of traders. Van de Poppe remains bullish on SUI for the long term but warns that a sharp decline to $1.50 is still in play. “This has been one of the trending ones and I think it will continue to show strength… I think that, ultimately, the area at $2.50 is the key zone,” he explained. If SUI loses the trend and drops below $1.50, it could face a 40-50% decline. On the flip side, if it enters a full bull cycle, the upside potential ranges between 300% and 800%. SUI has also secured its position for the best crypto projects for 2025 list by CNF. Source: Michaël van de Poppe The final layer-1 altcoin on Van de Poppe’s watchlist is Sonic (S), which has been experiencing strong momentum. Describing it as “the new, shiny, diamond in the markets,” the analyst suggests that Sonic’s uptrend is far from over.