Mega crypto market update #3

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Update based on the coins I’m already interested in, from this list – https://greedy.ro/2024/06/30/crypto-buying-ranges-for-altcoin-season/

Previous update: https://greedy.ro/2024/07/28/mega-crypto-market-update-2/

I’ll focus on the investment side so I’ll do the analysis on weekly timeframe, or on daily timeframe on newer coins.

Reminder: This is only technical analysis, for anyone interested in investing in coins, they need to take into account multiple other factors, such as the market niche, the narrative, their main competitors, the market cap, the circulating and max supply of the coin, who are the investors, how much they have allocated, and when do they receive vesting / unlocks, whether it was given as airdrop as well, who is the team, what are the plans for the future, whether they are active and still developing the project, marketing and activity on their socials, and much more.

1INCH

Neutral – Currently potentially doing a double bottom, we have no confirmation of it yet, we need to break the trendline and take 0.4$ as support.

AAVE

Very Bullish – Nothing more to add, probably going towards 200$ soon.

APE

Bearish – Bearish until we take 1$ as support.

ATOM

Bearish – I would say neutral because we are in a good support zone but still at a bottom, we need to take over 6.3$ to become neutral-bullish.

DOT

Neutral – Same as ATOM but we managed to hold the support, need to hold it for now, would be good to see it go over 7$ to become bullish.

DYDX

Bearish – We need to go back over 1$, if it rejects from there, we’re in the price discovery.

EGLD

Neutral – At the support, we need to first take over 37$ and most importantly, 48$. Bullish over 65$.

ETH

Bullish – Bullish for continuation, as expected.

FET

Bullish – We break the trendline, we need to hold over 1.6$, bullish over 2$.

LINK

Bullish – Almost as bullish as AAVE, probably in a wedge, I expect it to go over the 22$ resistance in the future, we need to break 13$ first.

OP

Neutral – Need to push over 1.7$ and we’re becoming bullish on it.

SOL

Bullish – We’ve seen good candle closing on weekly, bullish for continuation.

THETA

Neutral – Looking good, we need to push over 1.6$, we’ve seen big selling pressure since the top in March.

UNI

Neutral – Between support and resistance.

QNT

Neutral – same as UNI, need to break 90$ and hold it as support.

AEVO

Neutral-bullish: Newer coin, trying to create a bottom here, would be great to see it recover over 0.5$.

ALT

Bearish – We need to take over that resistance at 0.11$ to be in a neutral place for now. Good pump in the last days.

APT

Neutral-Bullish: I’d say bullish for continuation, we’ve seen the buying pressure and not retesting the support anymore, probably it will braek over 8$ soon.

ARB

Neutral – At support, good price here, bullish over 0.85$.

AXL

Bearish – Bearish as long as it’s below 0.6$, still in price discovery.

BB

Neutral-bearish: We need 0.35$ to hold as support. Bullish over 0.5$.

BEAMX

Neutral-bullish: Between support and resistance but good buying pressure.

BOME

Bearish – Bearish until we take the support, then we’ll be neutral until we break the trendline.

DYM

Neutral-Bullish – Forming a bottom, looking very good for continuation.

ENA

Neutral – Between zones now.

ETHFI

Neutral – Between zones, attempt to form a bottom but i dont see enough buying pressure for it to last. we need more time to see how it develops.

GRT

Bullish – looking good.

IO

Neutral – Between zones, I’m more bearish on it due to no buying pressure.

ILV

Neutral – In a good place right now, we need to hold 40$.

INJ

Neutral-bullish: looks like a wedge in here as well, probably will have another go over 50$ but still very high over the 1$ price that we had last year.

JASMY

Neutral-bullish – Same as INJ.

JUP

Bullish – For a new coin, JUP is looking really good

JTO

Neutral – Looking good but even better if we break 2.5$

MANTA

Neutral – Neutral until we break 1$, but at a good place to buy, and we’ve seen some good buying pressure lately.

MEME

Bearish – Bearish until we take over 0.012$

NFP

Bearish – Bearish as I don’t see much buying pressure here.

ONDO

Neutral – Good for a bullish continuation, we need more time to break over 0.8$.

ORDI

Neutral-bullish: Nice retest over the last support zone, good for continuation.

OSMO

Neutral – I don’t like how it looks, but good if we manage to take 0.55$ as support.

PHB

Neutral-Bullish: At resistance, neutral if we break over it, bullish if we break the trendline.

PIXEL

Neutral – In a good place to buy right now, but neutral as we haven’t formed a bottom.

PORTAL

Neutral – Same as pixel

PYTH

Neutral – we need to hold 0.31$ as support

RNDR

Neutral – Looking good, if the support holds, bullish if we break trendline.

SAGA

Bullish – Good for continuation, need to hold 2$ as support.

SEI

Bullish – Broke one of the trendlines, looking good.

STRK

Neutral – In a good buying zone, but I don’t see any interest in it, so probably it will go lower.

SUI

Bullish – SUI is looking very good.

TIA

Neutral-bullish – Once we break over 6$ we will quickly go towards 8-12$.

W

Bearish – I dont see interest on this coin.

WIF

Neutral – Probably forming a bottom here.

XAI

Neutral – In a good place to buy, but we need to reclaim 0.21$, probably we need more time to see how it evolves.

ZETA

Neutral – Trying to consolidate and form a bottom.

ZRO

Neutral – I’d say bullish but I don’t think the price will not want to take liquidity below 2.5-3$.

ZK

Neutral – Trying to form a bottom, we need to break over 0.13$ first.

By admin