Pay attention to the signals in the market! Leading assets will move within this range.

Cryptocurrency News – When we take a quick look at the US Stock Market, we see that it has fallen quite a lot in the short term. But when we focus on the bigger outlook, we can express it as a small pullback. In the weekly RSI indicator, we come across a very important signal that we need to pay attention to. We are currently catching a big bearish signal on the RSI indicator for the NASDAQ 100 index. We definitely need to pay attention to this indicator because the last time we came across such an outlook, we struggled with bare market conditions for 1 year.

Technically, we are still waiting for confirmation of an RSI candle close. We are also talking about the US market outlook as the crypto market is highly correlated with the US market. Looking at the past cycles, in 2022, the crypto market was also on the decline when the stock market was bare, but in 2024, both markets lost remarkable gains. Still, we're not talking about a perfect correlation, we're just saying that they follow each other in terms of tendency. Many participants in the market are currently bullish. However, it is always more advantageous to make a move by being aware of the possible risks. Now, let's take a quick look at the latest situation in the market leaders.

Bitcoin Indicators are showing alarm

On the Super Trend indicator on the 4-day Bitcoin chart, we have finally confirmed a bearish crossover. On the weekly Bitcoin MACD indicator, we confirmed this trend a long time ago. This indicator basically says that we should not expect bullish momentum, at least in the short term. Looking at the weekly Bitcoin chart, we can see that a significant bearish divergence is still confirmed. Bitcoin price can bounce off support levels and oversold signals. In this way, we can see short-term bullish signals. However, we can't expect much bullish momentum like late 2024.

Bitcoin is currently trading around the Fibonacci support line. There is a support zone for the leading asset below 76 thousand dollars. In particular, around 70 thousand dollars is referred to as a strong support and demand zone. Still, we cannot guarantee that we will fall to these levels. Market participants are pointing out the bullish divergence forming on the daily Bitcoin chart. In light of this signal, we may be able to move more comfortably in the coming days. However, if the bullish divergence reverses, we could face further declines. When we look at the Bitcoin liquidation heat map, we see a significant liquidity gap around 71 thousand dollars. Considering that Bitcoin tends to gravitate towards liquidity gaps, we need to pay more attention to these levels.

Ethereum Indicators Reversed

Ethereum's price, on the other hand, broke out from bullish to bearish, as we have been saying for a long time. Since we broke below the multi-year support line, the trajectory of Ethereum price has deteriorated. Ethereum price is currently hovering near the Fibonacci support level, which sits at around $1,880. However, if we see more candle closes below this level, it could also go below $1,880. The next important support level for Ethereum is located just above $1,500. Still, if the price of Bitcoin breaks away from the bearish movements a bit, it could follow a similar trend in Ethereum.

Solana Chart is Giving Mixed Signals

When we examine the chart of Solana, another leading altcoin, we see that it is playing for a significant drop from the rising wedge pattern. The downside price target for Solana is approximately around 90 dollars. Additionally, there is a support zone between 120 dollars and 130 dollars that we cannot ignore. Solana's price has clearly been moving in relation to this support for several weeks. As long as this support point is not breached in the short term, we can continue to stay within this range. Still, a drop towards 90 dollars seems inevitable.

In summary, we may move under more comfortable market conditions in the coming weeks. However, we may also test the support levels at the mentioned dip points. Now, let's evaluate the MIND of Pepe token, which has drawn attention with its presale.

Visit the MIND of Pepe

Discover the Potential of Artificial Intelligence

The AI agent MIND of Pepe token's pre-sale has made a great success by raising 7.5 million dollars in funding. It aims to reach 8.5 million dollars by the next price increase. MIND token is a self-managing artificial intelligence agent that selectively transforms the information it gathers from social media platforms into significant insights. This project, which uses hive mind analysis, has a unique mechanism for capturing strategic opportunities. MIND token holders are also notified in advance about opportunities in the market.

We know that the year 2024 will revolutionize the field of artificial intelligence. Market analysts expect a similar performance from the artificial intelligence sector in 2025 as well. You can join this journey by participating in the MIND project. 1 MIND token is currently sold at a price of $0.0035376. Early investors should act quickly before the price increases. Finally, if you want to get more detailed information about the pre-sale project, you can check our content "What is Mınd of Pepe token and how to buy it? MIND token price prediction and future."

The information contained in the article is for informational purposes only. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investment is based on many foundations such as information, accumulation, experience, research, and personal decisions.

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