#PENGUUSDT 12H Update

#PENGU has broken above the descending channel and the 12H SMA50 and is now moving inside the Ichimoku cloud. So far, the structure looks constructive. In case of a breakout above the cloud, the targets remain the same as mentioned in the previous analysis:

🎯 $0.014300
🎯 $0.015831
🎯 $0.017363
🎯 $0.019543
🎯 $0.022320

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

Be careful with your trades due to the upcoming FOMC meeting, as high volatility may hit the market.

#ZKUSDT 8H

#ZK has broken above the falling wedge pattern on the 8H timeframe. It is currently facing the SMA50, and a retest is in progress. In case of a successful bounce and a breakout above the SMA50, the potential targets are:

🎯 $0.04322
🎯 $0.05040
🎯 $0.05619
🎯 $0.06199
🎯 $0.07025

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

#XAIUSDT 1D

#XAI is moving inside a falling wedge pattern on the daily chart. It has bounced off the support zone with strong volume and has reached the wedge resistance and the daily SMA50. It has been rejected on the first touch, which is normal. We believe it will break above them soon. If that happens, the potential targets are:

🎯 $0.0261
🎯 $0.0323
🎯 $0.0374
🎯 $0.0424
🎯 $0.0496
🎯 $0.0587

❌ Invalidation: a daily candle closing below the wedge.

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

Binance remains the dominant cryptocurrency exchange, holding a significant market share in global Bitcoin trading

PayPal's PYUSD has grown from $1.2B market cap in September to over $3.8B today

#ETHFIUSDT 1D

#ETHFI has broken above the descending resistance on the daily chart and is currently facing the SMA50. Keep a close eye on it. In case of a breakout above the SMA50, the potential targets are:

🎯 $1.031
🎯 $1.144
🎯 $1.256
🎯 $1.417

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

#DYDXUSDT 12H

#DYDX is moving inside a falling wedge pattern on the 12H timeframe. In case of a breakout above the wedge resistance, the potential upside targets are:

🎯 $0.2254
🎯 $0.2500
🎯 $0.2699
🎯 $0.2897
🎯 $0.3180
🎯 $0.3541

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

#ETHBTC 1D Update

#ETH has hit the second target:

🎯 0.03519 BTC ✅
🎯 0.03651 BTC ✅
🎯 0.03783 BTC
🎯 0.03972 BTC
🎯 0.04212 BTC

#BTCUSDT 1D Update

The #BTC structure hasn’t changed at all; in fact, a bear flag has now formed on it. For now, the previous analyses remain valid and we recommend reading them in full via the links below:

👉 https://t.me/Bithereum_io/5122
👉 https://t.me/Bithereum_io/4931

The average recent #BTC buyer is underwater, as the price is trading below their realized price. In the near term, this continues to weigh on the market, as weak hands can still sell into every bounce. However, structurally, such deep loss zones usually appear closer to the later stages of a correction rather than at the beginning.