Tag: consolidation

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FLOKI Price Outlook: FLOKI Holds Support as Open Interest Stabilizes

The post FLOKI Price Outlook: FLOKI Holds Support as Open Interest Stabilizes appeared com. Floki Price is attempting to stabilize after its recent slide, with price action showing early signs of steadiness while market participation remains subdued. Buyers have cautiously re-entered the market as the token trades near a critical short-term support zone. Price Stabilizes as Open Interest Levels Hold Firm The FLOKI/USD chart shows the token trading near 0. 00004889, moving in a narrow structure as the market consolidates following weeks of downside pressure. The hourly price action reflects mild upward attempts, yet the recovery remains gradual, with candles forming higher lows but facing consistent resistance around 0. 00004950. 52 million, a level that has remained mostly stable across recent sessions. While not signaling aggressive positioning, this steadiness indicates that market participants are no longer reducing exposure at the faster pace seen earlier in the week. Previous spikes in open interest were short-lived, often fading as price retraced, but the current flattening shows a market transitioning into a period of equilibrium. Despite the muted inflows, the stabilization of both price and open interest suggests that sellers are no longer in full control, allowing the coin to hold the 0. 00004800 area as short-term support. For a stronger bullish effort, open interest would need to rise in tandem with upward price movement, signaling renewed conviction. Until then, the token remains range-bound as traders assess whether momentum can shift sustainably in favor of buyers. Price Strengthens Slightly as Market Metrics Show Recovery According to BraveNewCoin data, FLOKI is trading at 0. 00004908, reflecting a 2. 02% increase in the last 24 hours. The token’s market cap is reported at 474, 224, 155 USDT, supported by an active trading volume of 45. 17 million USDT. This uptick marks a mild improvement in sentiment after the recent series of declines. The 24-hour price range between 0. 0000470 and.

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Chainlink Nears Key $11 Support Amid Narrowing Long-Term Patterns

The post Chainlink Nears Key $11 Support Amid Narrowing Long-Term Patterns appeared com. Chainlink is approaching its key $11 weekly support level, a zone that has consistently held since mid-2024 and influenced multiple market cycles. This area often triggers significant reactions, with analysts watching for potential trend reversals as the price tests this critical support amid ongoing consolidation. LINK returns to a long-standing $11 support that shaped major [.] Source:.

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ICP Slips as Volume Spike Confirms Breakdown Below Key Support

The post ICP Slips as Volume Spike Confirms Breakdown Below Key Support appeared com. ICP$4. 2188 continued to struggle with overhead pressure during its latest 24-hour trading window, trading near $4. 80 after slipping below the $4. 95 support level. The token moved within a $0. 48 intraday range, reflecting 9. 6% volatility as repeated attempts to reclaim higher levels stalled, according to CoinDesk Research’s technical analysis data model. A major inflection point arrived at 19: 00 UTC on Wednesday, when trading volume surged to 5. 63 million tokens an 85% jump relative to the 24-hour average. The surge aligned with a failed advance above $4. 98, reinforcing the area as a near-term resistance ceiling. Although ICP briefly climbed to $4. 99 during a mid-session uptick, momentum faded quickly and price rotated lower. The most recent hourly moves showed ICP slipping through $4. 93, extending the earlier breakdown and tightening pressure on the $4. 90 psychological region. Price briefly stabilized near $4. 917, but technical structure continues to show a downward bias unless ICP can reclaim levels above $4. 98. Support at $4. 63 remains the key threshold below, having served as a pivot during prior pullbacks. Without renewed volume expansion toward the upper end of the range, ICP appears likely to remain inside a consolidation band defined by $4. 63-$4. 98, with directional confirmation dependent on which boundary breaks first. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source:.

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Bitcoin breaks below $90K as volatility expands

The post Bitcoin breaks below $90K as volatility expands appeared com. Key Takeaways Where is Bitcoin trading now? BTC broke decisively below $90, 000 on 20 November, hugging the lower Bollinger Band and testing the S3 pivot zone in the mid-$80K region. What does the CMF indicator show? The Chaikin Money Flow is currently at -0. 15, indicating persistent distribution rather than accumulation, with no bullish divergence yet forming. Bitcoin printed a strong red candle on the daily chart, pushing decisively below the $90, 000 psychological level and hugging the lower Bollinger Band. The 20-day Bollinger midline sits just above $100,000, now marking major resistance. The upper band near $113K sits far above spot price, underscoring how dramatically Bitcoin has fallen in a short span. Band width has expanded sharply, which typically accompanies trend acceleration phases rather than calm consolidation. As long as BTC continues to close near or below the lower band, sellers remain in control, and volatility works against bulls. Pivot points and fib levels flag next downside zones Bitcoin is currently testing the S3 pivot area in the mid-$80, 000 region, aligning with today’s daily low. If this zone fails to hold on a closing basis, the chart opens deeper support around $80K-$82K, where previous demand and Fibonacci confluence converge. Below that level, an extended 1. 618 downside projection in the low-$70K region becomes the next major capitulation target if selling accelerates further. Until BTC recovers at least the mid-$90, 000 area, rallies appear to be bounces within a broader downtrend. CMF shows persistent outflows, not quiet accumulation The Chaikin Money Flow indicator is currently at -0. 15, firmly in negative territory. Readings below.

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Overbought RSI flashes caution, but upside bias intact

The post Overbought RSI flashes caution, but upside bias intact appeared com. USD/JPY extends its upward trajectory on Wednesday, with the pair surging to levels last seen in mid-January. At the time of writing, the pair trades around 156. 54, up nearly 0. 65%, marking a third straight day of gains as a strong US Dollar (USD) and a broadly weaker Japanese Yen (JPY) continue to provide a double boost. The technical backdrop remains firmly bullish. Since breaking out of the multi-month choppy consolidation range in early October, the pair has maintained a steady sequence of higher highs and higher lows, reflecting strong directional momentum. A bullish opening gap sparked the breakout above the 150. 00 psychological level, initially driven by reports that Sanae Takaichi was set to become Japan’s next Prime Minister. Markets interpreted this as a signal of potential fiscal expansion, weakening the Yen. Once she officially assumed office, confirmation of a large-scale fiscal stimulus plan strengthened those expectations further, keeping the Yen under persistent downward pressure. Price action remains comfortably above all major Simple Moving Averages (21-SMA, 50-SMA, 100-SMA) on the daily chart, underlining buyer dominance and reinforcing the bullish trend structure. On the topside, the January 23 swing high at 156. 75 serves as immediate resistance. A clear break above this level could pave the way for a retest of the year-to-date high at 158. 88, marked on January 10. On the downside, 155. 00 is the first line of support, followed by the 21-day SMA at 153. 86. While Japanese authorities have issued intermittent verbal warnings about excessive Yen weakness, concrete intervention remains absent, making a deeper corrective pullback possible but not the base case in the near term. Momentum indicators warrant some caution. The Relative Strength Index (RSI) sits near 72, holding in overbought territory, which could slow bullish follow-through or prompt brief consolidation. However, no clear bearish divergence has formed yet. US.

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Aster rallies as ‘Double Harvest’ heats up – Can it clear $1.35 next?

The post Aster rallies as ‘Double Harvest’ heats up Can it clear $1. 35 next? appeared com. Key Takeaways Is the Aster outlook bullish? Yes, and it has been that way since early November. The defense of the $1 level over the past ten days was another achievement from the bulls. What should traders expect next? It appeared likely that Aster will rally to $1. 35 next. A move to $1. 5-$1. 55 was also likely, though it could take a few more days and a brief consolidation phase around $1. 4. Aster [ASTER] made gains of 3. 58% on the 17th of November, and counting, with a daily trading volume increase of 76. 85%. The news of the Stage 4 (Harvest) Airdrop program launch helped stabilize prices at the psychological $1 support level. The “Double Harvest” trading competition, which will last till the 21st of December, also incentivizes users to trade on the platform and earn rewards. The short-term technical outlook was bullish. A cup and handle chart pattern was forming. Though it was not complete, it was potentially setting ASTER up to go parabolic. Will the bulls succeed in driving gains while the market sentiment remains deeply fearful? That move confirmed a bullish structure shift. Even after a deep dip to $0. 818, the structure did not flip bearish. On top of that, steady gains aligned with rising OBV, which signaled consistent buying pressure. At the time of writing, Aster challenged the local high near $1. 285 and could attempt another push higher. 18 region had been a key resistance in November. Over the past two days, this level was broken and flipped to support, which was an encouraging sign for buyers. Liquidity cluster.

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Chainlink Analysts Predict Massive Breakout as LINK Eyes $50 Rally Ahead

The post Chainlink Analysts Predict Massive Breakout as LINK Eyes $50 Rally Ahead appeared com. Chainlink is consolidating near $15. 13 after testing key support zones highlighted by analysts James Easton and Ali. Both suggest LINK is nearing a breakout from a multi-year symmetrical triangle, with potential upside targets between $30 and $50. Technical indicators and whale accumulation signal a strong setup for a major bullish reversal. Long-Term Structure Signals a Major Breakout Analyst James Easton shared a long-term chart of Chainlink, showing a large symmetrical triangle formation that has been forming since 2020. The pattern reflects a tightening price range between an ascending support line and a descending resistance trendline. The asset is currently trading near $15. 44, positioned around the midpoint of this setup after rebounding from the key horizontal support zone between $12 and $13. His projection outlines a potential upward breakout, initially toward $30-$35, and potentially beyond $50, if the price manages to close above the long-term resistance trendline. The chart also suggests that a minor pullback could occur before the breakout, forming a retest of the upper channel boundary before a continuation to higher levels. Key Support Levels and Fibonacci Reversal Zone Analyst Ali shared a detailed technical chart showing that Chainlink has reached a crucial ascending support trendline, which has historically acted as a foundation for previous rallies. His analysis places its current trading zone around $14. 70, aligning with the 0. 618 Fibonacci retracement level, a region often associated with strong reversals in price cycles. The path outlined on his chart anticipates gradual price recovery through $16 and $20, leading to a retest.

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USD gains stall for the time being – Scotiabank

The post USD gains stall for the time being Scotiabank appeared com. The US Dollar (USD) is trading narrowly mixed against its major currency peers this morning. Risk sentiment retains a soft undertone, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. DXY gains stall near resistance in the low 100 area “European stocks bounced in early trade but have given back gains as yesterday’s tech sell-off in the US weighs on sentiment. US equity futures are drifting into the red and bonds retain a modest bid. Gold is slightly firmer. Net gains or losses for the major currencies are minor for the most part, suggesting something of a holding pattern developing in FX as traders await equity market or fundamental or developments. With the US government shutdown entering its 35th-and record-equaling-day, this morning’s private sector data may have some influence.” “Final October Services and Composite PMIs plus the preliminary October Services ISM (expected to reflect a small gain in momentum) will give some sense of how the economy is shaping up into the end of the year. Note that the Supreme Court will consider challenges to tariffs implemented under the president’s emergency powers today. At the moment, a decision is not expected until the New Year but should the court rule against the measures, President Trump has other means to levy tariffs, albeit through a more convoluted process.” “DXY gains are showing some signs of stalling this morning just above the 100 level, fractionally below the 200-day MA (100. 35), bang on the August 1 high (the day of the July jobs report release) and effectively important technical resistance. A push through the low 100 level would suggest that the general USD rebound is likely to extend, potentially quite significantly over the next few weeks. A stall and reversal from the low 100 area, meanwhile, implies a continuation of the broad.

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