The recent breakout into the $8+ region shows momentum is still there, but we’re now approaching a key area where reactions matter most. Price is consolidating near local highs, and this is usually where we either see continuation into expansion or signs of exhaustion before a pullback.
From a volume profile perspective, there’s strong support sitting underneath, which makes this next move important. Holding above the current range keeps the bullish structure intact, while losing it could open the door for a deeper retrace into lower value areas.
TECHNICAL OUTLOOK:
If we can hold $8.20–7.70, I think it can still push into $10–10.50
Then I’ll watch if momentum starts fading there for a potential short back into $7–5 zone.
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Advanced Crypto Trading Terminal
Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
tealstreet.io/
linktr.ee/tealstreet.io
Content in partnership with:
linktr.ee/mooncakexbt
Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
tealstreet.io/
linktr.ee/tealstreet.io
Content in partnership with:
linktr.ee/mooncakexbt
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
