DOGS has successfully held the support area, bouncing back more than 21% from that point. Currently, it is testing the local resistance zone, and if it breaks above this level, it could continue moving upward. The support level remains unchanged.

Support Area: $0.000100-$0.0001040

Resistance Area: $0.0001230-$0.0001260% Rally?

JUST IN: MicroStrategy has purchased 6,556 BTC between April 14 and April 20 at an average price of $84,785, totaling approximately $555.80 million.

Michael Saylor remains relentless in his Bitcoin strategy, continuing to double down despite recent market volatility.

According to Glassnode data, whales sharply increased their Solana (SOL) purchases last week, signaling renewed interest and confidence from large investors. This surge in accumulation often precedes significant price movements, as big players position themselves ahead of potential bullish momentum. It's a development worth watching closely as market sentiment around SOL appears to be shifting.

BONK analysis:

Price is currently trading within the support and resistance zone. This area is considered a no-trade zone, so it's better to observe which direction the range breaks. You can engage in scalping with a tight stop loss while within the range.

Support Area: $0.00000890-$0.00000960

Resistance Area: $0.00001520-$0.00001565

Bitcoin has maintained its position above $86,000 and continues to move upward. We are now entering a major resistance zone, so it will be interesting to see how the price reacts in this area. Significant selling pressure and profit-taking occur in the $88,500 to $90,000 range. If the price breaks above $90,000, we could see a substantial upward movement. The support level remains unchanged.

SOL Analysis:

The price is forming an Inverse Head & Shoulders (IH&S) pattern on the daily time frame. There is a high likelihood that we will see a move towards the support area for further accumulation. Currently, the price is at the resistance area. Consider adding some SOL near the support level.

Support Area: $114 - $120

Resistance Area: $142 - $148

According to Glassnode, Ethereum is currently trading below the lower MVRV Price Band — a zone that has historically marked the best buying opportunities. This suggests that ETH may be undervalued at current levels, and long-term investors could see this as an attractive entry point. Historically, dips into this range have preceded significant upside moves.

Educational Post

What is Social Trading?

Social trading is a strategy that enables individuals to mimic the trading behavior of expert investors and market professionals, often in real time. It facilitates an environment of shared learning and knowledge exchange, where insights, trading decisions, and strategies can be followed and copied.

In the past, market analysis and trading decisions were largely individual activities, with solo investors scanning the markets, deciphering charts, and anticipating trends. The advent of social trading broke these barriers, providing a platform for traders to observe, follow, and learn from each other. Advanced technological platforms and digital tools have made social trading more accessible, bringing together communities with shared interests in financial markets.

How Does Social Trading Work?

Social trading operates via online platforms that compile the profiles of numerous traders, showcasing their trading strategies, performance metrics, risk levels, and other relevant details. As a participant, you can search through these profiles, follow traders that align with your investment goals, and replicate their trades in your portfolio.

Many social trading platforms provide real-time and interactive experiences and include features like news feeds, forums, and chats. These features add a layer of social interaction, letting you engage in discussions, share opinions, and even form trading collaborations.

Social Trading Risks

Despite its advantages, social trading comes with its own risks. There's always a possibility that the trader you're following might incur losses, impacting your portfolio. Additionally, a degree of knowledge and understanding of the financial markets is essential to assess the strategies and performance of potential traders to follow.

Also, over-reliance on others' strategies can limit your ability to make independent investment decisions and hinder the development of personal trading skills.

Social Trading vs. Copy Trading

Many consider copy trading a form of social trading. Although both strategies tap into the collective knowledge of the trading community, they differ in their approach. Social trading creates a platform for traders to connect, observe, and learn from others' tactics and insights.

It enables an interactive environment just like a social network where traders share their views and strategies, providing a pool of information from which traders can draw to inform their own trading decisions. It combines community learning and individual control, as each trader ultimately decides how to apply the acquired knowledge in their own trading.

Whereas social trading encourages individual decision-making, copy trading directly clones the trades of another successful trader in real time. Traders pick a peer they deem successful from a platform, automatically duplicating all their transactions into their own trading account.

This strategy expedites the trading process as it eliminates the need for manually executing each trade. Thus, your trading strategy becomes an exact mirror of the copied trader's moves. In contrast to social trading, copy trading provides a more guided approach, directly reflecting another trader's strategies.

Finally, Bitcoin has broken above the key psychological level of $90,000. This is a strong bullish signal, but now the focus shifts to whether it can sustain above this level or if we’ll see some profit booking kick in. Holding above $90K could pave the way for further upside, while a rejection might pull price back to retest the breakout zone. Keep an eye on volume and market sentiment in the next few sessions.

POL analysis:

The price has broken above the resistance area and is currently trading above it. We might see a retest of this level, and if the price can hold within this zone, we could anticipate a move upward. You can open a long position once the price retests the area.

Support Area: $0.1990-$0.2070

Resistance Area: $0.2465-$0.2570

Bitcoin continues to rise, having broken through the key level around $90,000. The price has now reached a major resistance area, and it will be interesting to see how it reacts there. The $90,000 level will now act as a support area, and we may see a retest of this zone. If the price breaks above $95,000, it is likely to generate more fear of missing out (FOMO) in the market.

Ethereum (ETH) is currently testing a resistance area, and it's important to see if it can break above this level. If the price successfully breaks and holds above the $1,810 mark, we could see a move towards the key resistance area at $2,000. However, if there is a rejection at this level, the price may drop back to $1,500. The next two to three days will be crucial for determining the direction of ETH's movement.

BONK has broken the resistance area, and we will see how it reacts there. We are waiting for confirmation before opening new trades. The price needs to flip this zone and establish it as a support area to continue the upward movement.

Bitcoin has now broken above the Short-Term Holder realized price, often viewed as a key benchmark for market sentiment and positioning. This level currently sits around $93K, and historically, a sustained move above it has signaled renewed confidence, potentially acting as a launchpad for further upside.

Perfect timing for those who followed the call!

40% of the community grabbed BTC below $80K — just as we suggested during the dip — and it pumped right after!

This shows the power of buying in fear and trusting solid analysis. For those waiting below $75K — remember, the market doesn’t always give second chances. Stay alert!

CAKE analysis:

Price is currently trading within a symmetric triangle, indicating it is a no-trading zone. The breakout from this triangle will determine the next move. Be attentive to support and resistance levels for potential new entries.

Support Area: $1.55-$1.65

Resistance Area: $2.25-$2.35

Bitcoin has precisely rejected the resistance area that we previously discussed. The first support level to watch is at $90,000. If the price falls below this level, we could see a rapid decline towards the $88,000 to $88,400 range. The resistance area remains unchanged, so let's see if the price can break above it. The likelihood is high that we will revisit the $90,000 level before attempting to break the $95,000 mark.