MarketIntel

SOL recently dipped further into the now green Target Zone between $155.80 and $113.20. Within this area, we expect the low of wave ii in orange to be established imminently. Afterward, we anticipate a strong wave iii rally, which should peak above resistance at $295.31.

RENDER recently managed to push higher once again. Currently, within the larger turquoise wave Y—which is developing as a five-wave move in magenta—it is expected to continue its upward momentum in the near term. As a key initial step, price should break above resistance at $5.51.

Strategy has continued to develop downward pressure as anticipated since our last update, bringing it closer to the targeted low of the turquoise wave 2. Our alternative—and now grayed-out—Target Zone has been breached to the downside, allowing us to remove the alternative scenario of a premature breakout to the upside. Investors who speculated on this alternative and entered within the alternative Target Zone with a stop 1% below the lower edge have likely been stopped out by now. For now, we are still allowing some room for turquoise wave 2 to move lower; however, it should find its bottom above the support at $102.40 to set the stage for wave 3 to advance further above the resistance at $674.18.

Avalanche (AVAX) has recently posted significant gains, leaving our outlook unchanged. We continue to believe price is currently in a five-wave magenta upward move, which should soon push it above the resistance level at $36.19. Our alternative scenario also remains valid, in which AVAX could target new absolute lows below support at $8.64 (probability: 33%).

Ripple’s XRP has seen a modest rebound recently, but this hasn’t altered our outlook. We continue to expect further declines as part of a blue five-wave move down into the turquoise Target Zone ($1.03–$0.38), which is suitable for long-side entries. Within this zone, we anticipate that the low of the larger wave B in turquoise will be established. From there, we expect wave C to rally above resistance at $4.09 and complete the larger wave (Y) in magenta. We still assign a 30% probability to the scenario in which the low of wave alt.B in turquoise has already been reached.

Coinbase initially made progress in line with our primary scenario, moving just below the support level at $291.50 before a notable rebound to the upside. Our primary expectation is that price will soon reverse and head down toward our magenta Target Zone between $255.42 and $173.05, where we anticipate the low of magenta wave [ii] will be established. In wave [iii], we then expect the rally to continue past resistance at $444.65, which makes the magenta zone an attractive entry point for long positions. We still see the possibility of gains above the $444.65 resistance occurring earlier than expected. In this 30% likely scenario, we would anticipate an early wave alt. [iii] top, meaning the magenta wave alt. [ii] would already be complete. In that case, our magenta Target Zone would no longer be relevant.

Ethereum recently slipped back below support at $3,357 and is currently struggling to reclaim this level. In line with our primary scenario, we expect further downside below this threshold to complete magenta wave within the lower magenta Target Zone ($2,749 – $2,149). From there, a significant corrective rally is likely, targeting the high of magenta wave (B) in the upper magenta Target Zone ($5,805 – $7,326).

For now, we continue to expect that DOT will be sold off into our orange Target Zone between $1.66 and $0.70—which could offer attractive long entry opportunities – and complete magenta wave [ii]. However, we estimate there’s a 37% chance that the significant low is already in place and that the altcoin could break out directly above resistance at $3.45; in this scenario, our Target Zone would no longer be relevant.

Nvidia gained strong upward momentum shortly after our last update, surging past the $196.45 mark, which had previously served as resistance. As a result, our prior short-term alternative scenario was triggered, and we have now adjusted the chart accordingly (with minor modifications). We now view the green wave [4] as complete and believe that the joint top of green wave [5] and beige wave III, as well as the low of wave IV, have already been established. The Target Zone we had initially set for the wave- [4] low has therefore been removed. In our updated short-term alternative scenario, we still see a 30% probability of a new low for beige wave alt.IV below the $176.21 support level. In this case, however, price would likely rebound above the lower $145.50 level.

Amazon shares recently surged decisively above the resistance level at $242.52. This strong rally has pushed the beige wave V significantly higher. For now, we see further upside potential for this move, until the broader wave (V) in blue is complete.