🟡The $YULI coin is approaching a critical resistance zone, which could determine its future price
🟡The $YULI coin is approaching a critical resistance zone, which could determine its future price movement. This article explores the resistance and support zones, volume analysis, and key considerations for traders.
🟡Resistance and Support Zones
The resistance area is around 0.002400, which has been tested multiple times, acting as a ceiling for recent price movements. The support area is approximately at 0.001800, serving as a floor and preventing further downward movement.
$MDOGS is showing signs of mixed momentum, currently trading at 0.000011365 USDT on Bitget. The price has been ranging between 0.000011329 and 0.000011366, indicating consolidation after a previous downtrend. A strong resistance zone is marked around 0.000011600, while a weaker support area sits near 0.000011329.
The market structure highlights multiple Change of Character (CHoCH) signals, suggesting frequent liquidity shifts. Earlier, a Break of Structure (BOS) confirmed bearish momentum, pushing the price down before finding temporary support. The red resistance zone above indicates sellers are active, while the blue support zone suggests potential demand.
Currently, the price is testing a key level near the moving average. A successful breakout above 0.000011366 could lead to a test of the next resistance at 0.000011600, whereas failure to hold this level might result in another dip toward 0.000011329 or lower. The green EMA line is acting as a dynamic resistance, making it crucial for bulls to break above and sustain higher levels.
Traders should watch for a confirmed BOS to indicate trend direction. If buyers step in with increased volume, there could be an upward push. However, rejection from the resistance zone may continue the sideways movement or trigger further downside.
A potential long opportunity arises above 0.000011366, targeting 0.000011600. On the downside, if the price breaks below 0.000011329, sellers could drive it lower. Observing volume spikes and structure changes will help determine the next move.
What are your thoughts on MDOGS/USDT? Do you see a breakout coming, or will it continue ranging?
TRX/USDT TA ✨️🔥
Despite a steep downward movement on bigger timeframes, sellers are not showing any remorse here as well, where they keep on pushing and pushing price back down.
If this kind of pressure continues, our next point of interest is going to be the $0.21 area, but if we see a proper recovery, not just some liq move, then we have also placed a possible target zone for upward movement once a certain zone is secured!
$TRX
$ZEN Coin Current Market Update In the 30-minute 📉chart for $ZEN Coin against USDT Looking 🔥Bearish🔥: Price Action: The current price is approximately $17.955, showing a negative change of -2.01%. Resistance Zone: There's a highlighted resistance zone around the 20.582 level. This area could act as a barrier if the price attempts to move upward. Support Line: A support line is drawn at 15.880, indicating a potential area where the price may find a floor if it falls. Moving Averages: MA(5): 18.027 MA(10): 18.087 MA(20): 18.101 These short-term moving averages are closely aligned, suggesting a period of consolidation or low momentum. Bollinger Bands: Upper Band (UB): 18.444 Lower Band (LB): 17.759 The bands suggest a relatively narrow range, which may imply reduced volatility. Volume Analysis: The volume shows a few peaks, indicating moments of increased trading activity. A deep volume analysis could help identify these spikes as potential points of interest or catalysts for price movements. Overall, the chart shows the Zen Coin currently trading below the identified resistance zone, with a nearby support level potentially providing a safety net. Traders might watch for a breakout above resistance or a bounce from support to guide their strategies.
J/USDT Analysis: Bearish Momentum Accelerates with 6.75% Drop
J/USDT Analysis: Bearish Momentum Accelerates with 6.75% Drop
J/USDT has experienced a sharp decline of 6.75%, closing at $0.3452 after a consistent downtrend throughout the trading session. This marks a significant reversal from its recent high of $0.4166, as selling pressure continues to dominate the market. The asset's inability to maintain gains above key levels has left it vulnerable to further declines, with short-term indicators and volume patterns reinforcing the bearish outlook.
Rejection at Resistance and Breakdown of Key Levels
The rejection near $0.4166, a critical resistance level, was a turning point for J/USDT. This level marked the peak of the most recent upward movement before sellers stepped in to regain control. Following this rejection, the price steadily declined, breaching several support levels, including the $0.35 psychological level, which now serves as a strong resistance.
This failure to hold above $0.35 underscores the market's bearish sentiment, as buyers have been unable to counter the sustained selling pressure. The breakdown below this key level has further emboldened the bears, with lower levels such as $0.2658 now coming into focus as potential support.
Moving Averages Confirm Downtrend
The short-term moving averages (MA(5) at $0.3519 and MA(10) at $0.3625) are firmly trending downward, confirming the bearish momentum. The price remains below both these averages, signaling a lack of short-term bullish strength. Additionally, the gap between these averages is widening, indicating an acceleration of the downtrend.
The MA(20), positioned at $0.3671, serves as a higher resistance level and further reinforces the bearish bias. For traders, these moving averages represent dynamic resistance points, with any potential recovery likely facing significant obstacles at these levels.
Volume Trends and Market Participation
Volume analysis provides further insight into the current market dynamics. Despite the sharp decline in price, trading volume has remained relatively stable, suggesting a lack of aggressive buying interest. This muted activity reflects a cautious market environment, with participants likely awaiting further confirmation of direction before entering trades.
The absence of volume spikes at lower levels also indicates that sellers remain in control, with no significant support from buyers to halt the downward momentum.
Critical Levels to Watch
$0.2658 Support Level: A breakdown below this key support could lead to further losses, potentially extending the bearish trend.
$0.35 Psychological Level: Acting as a new resistance, a sustained move above this level could provide the first signal of a potential recovery.
$0.4166 Resistance: A reversal of the bearish trend would require a decisive break above this level, accompanied by strong buying interest.
Trading Strategy
Traders should adopt a cautious approach in the current environment, focusing on risk management and clear confirmation signals. The well-defined downtrend presents opportunities for short trades, particularly on rallies to resistance levels such as $0.35 or $0.3671. However, any signs of stabilization or consolidation near $0.2658 could warrant a reassessment of the bearish outlook.
Conclusion
J/USDT is firmly entrenched in a downtrend, with sellers maintaining control of the market. The rejection at $0.4166 and subsequent breakdown below key levels highlight the strength of the bearish momentum. While the $0.2658 support provides a potential area for stabilization, traders should remain vigilant and monitor volume patterns and short-term moving averages for signs of a shift in sentiment. $J