Sanhara

Gold is trading at $2,627.92, down -0.31%, as bearish momentum dominates. The price faces strong resistance at $2,700 and $2,800, where sellers have repeatedly rejected upward moves, keeping gold under pressure.On the downside, immediate support is at $2,587, with a break below this level likely pushing prices toward the $2,500 region. The broader bearish structure suggests a continuation lower, though a temporary rebound to $2,700 is possible before further declines.Traders should focus on the resistance zones for potential sell opportunities and monitor the support levels closely for signs of a breakdown. Gold’s trend remains vulnerable unless a major shift in sentiment occurs.

XRP/USDT is currently trading around $1.424, navigating within a downward-sloping channel but showing signs of recovery. The price has bounced from the channel's lower boundary and is attempting to reclaim higher levels, signaling potential bullish momentum.The immediate resistance lies at $1.500, where buyers may face selling pressure. However, a breakout above this level could set the stage for a rally toward the $1.600–$1.700 zone. On the downside, $1.350 remains critical support, with any breach exposing XRP to further declines toward $1.300 or lower.For now, the structure favors cautious buying opportunities as long as prices remain within the channel and above key support levels. A confirmed breakout above $1.500 would reinforce bullish sentiment, while a failure could keep the market under pressure. Traders should watch for consolidation patterns and volume to validate potential trends.

Bitcoin (BTC) is currently trading around $94,592, reflecting a slight recovery from the recent pullback. However, the price remains under pressure as it consolidates near the lower boundary of an ascending channel, forming a potential bearish pennant pattern.The $96,195 resistance level remains a critical hurdle for BTC to regain upward momentum. A failure to break this resistance could result in further downside, with key support levels identified at $91,601 and ultimately at $89,089, where buyers may attempt to reassert control.On the other hand, a breakout above $96,195 could signal renewed bullish momentum, potentially driving the price toward the upper range of the channel near $98,174. Traders should keep a close watch on the pennant structure and volume dynamics for confirmation of the next move.With macroeconomic factors and market sentiment still in play, Bitcoin's price action is expected to remain volatile in the short term.

Solana (SOL/USDT) is currently trading at $253.74, moving within a well-defined ascending channel. The price action is consistently respecting the channel boundaries, with multiple bounces from the lower trendline acting as support and rejections at the upper boundary serving as resistance.The immediate focus lies on the resistance near the channel’s upper boundary, around $265-$270. A breakout above this level could signal strong bullish momentum, with potential targets toward $280-$290. However, if the price faces rejection, it is likely to retrace toward the middle line or lower channel support around $240-$248.Support remains strong near the $231-$232 zone, which aligns with the lower boundary of the channel and the 50-period moving average. A breakdown below this level could invalidate the bullish structure and shift the momentum to bearish.As SOL continues to trade within this channel, traders should monitor price action closely near the resistance for breakout opportunities or look for potential pullbacks to support for buying setups. The trend remains bullish, but caution is advised near key resistance zones.

Ethereum is trading at $3,373, consolidating below the key resistance at$3,455. Recent price action has formed an inverse head and shoulders pattern, a classic bullishThe critical resistance level at $3,455 serv$3,600-$3,700.Support remains firm near $3,292, whic$3,292 could shift$3,162.Ethereum's current setup suggests a favorable outlook for bulls, provided it holds above the support levels and breaks through resistance. A confirmed breakout could ignite a fresh rally, making ETH one of the standout assets to watch in the coming sessions.

Bitcoin (BTC/USDT) is currently trading at $98,454, consolidating within a well-defined ascending channel. After a strong rally, BTC has tested the upper boundary of the channel but faced resistance, leading to a slight retracement.Key Technical Highlights:Support Zone: The lower boundary of the channel, around $96,000-$96,200, continues to provide robust support, as marked by multiple rebounds.Resistance Zone: The upper boundary near $100,000 acts as the immediate resistance. A breakout above this level could pave the way for further gains, potentially targeting $102,000 and beyond.Possible Scenarios:Bullish Breakout: If Bitcoin breaks above the $100,000 resistance, it could trigger a fresh wave of buying, propelling the price toward the upper levels of the channel.Pullback: A failure to break the resistance may lead to a pullback toward the $96,000-$96,200 support zone, offering potential re-entry points for buyers.

SOL is currently trading at $259.65, maintaining a strong bullish trend within an ascending channel structure. The price has successfully broken through previous consolidation zones, supported by consistent rebounds from lower channel boundaries and moving averages.The current structure shows a pattern of breakout, consolidation, and continuation, with the price now targeting the upper boundary of the newly formed ascending channel. If SOL can maintain momentum, it could push toward $270 and higher.Should a pullback occur, the key support zones lie at the midline of the channel around $250-$255, providing potential entry points for buyers. The bullish trend remains intact as long as SOL stays above the lower boundary of the channel near $240.Traders should monitor the upper channel resistance for potential profit-taking or signs of consolidation before the next breakout. SOL appears poised for further gains, aligning with the broader bullish trend.

Ethereum's weekly chart reveals a promising trajectory, with ETH/USDT demonstrating steady recovery momentum. The price is currently consolidating above the key support zone around $2,800, suggesting the formation of a cup pattern, a classic bullish reversal signal. This pattern indicates growing accumulation and a potential breakout toward higher levels.The exponential moving averages (EMAs) show alignment with the bullish trend, with the 20-week EMA acting as dynamic support. If Ethereum maintains its position above this zone, the next target lies at $3,193, a critical resistance level. A successful breach here could propel ETH toward the significant psychological barrier of $4,000, marking a return to robust upward momentum.

Trend AnalysisThe BTCUSDT pair is showcasing a robust upward trend, building on a textbook bullish momentum. Since the beginning of 2023, Bitcoin has been forming higher highs and higher lows, signaling a well-established bullish cycle. The price has decisively broken out of a downward trendline, confirming the transition from bearish consolidation to an expansion phase.Cup-and-Handle PatternA large cup-and-handle formation is clearly visible on the chart, stretching from the 2021 highs to the 2024 breakout. This pattern is a highly bullish structure often seen before explosive upward movements. The neckline of the cup was breached around the $77,000-$78,000 region, and Bitcoin is now heading toward the extension zone of this pattern.Cup Depth: The base of the cup is near $48,000, and the neckline is $77,000, giving the cup a depth of ~$29,000.Measured Move: Based on this pattern, the target lies near $123,000, aligning with the Fibonacci 1.618 extension.Fibonacci ExtensionsThe Fibonacci retracement and extension tools provide a clear roadmap for Bitcoin’s next moves:0.618 Retracement: $77,432 is a critical support zone where price might revisit in case of short-term corrections. This area aligns with the previous consolidation phase and acts as a strong buying region.1.0 Extension: $95,139 serves as the immediate resistance. The price is approaching this level and might face temporary rejection or consolidation here.1.618 Extension: $123,786 is the long-term bullish target, aligning with the cup-and-handle breakout projection.EMA ConfluenceThe chart highlights the importance of Exponential Moving Averages (EMAs) in supporting the bullish momentum:50 EMA (purple): The price is well above the 50-week EMA, which acted as dynamic support during the consolidation phase.21 EMA (blue): The 21-week EMA provided immediate support during minor corrections, indicating strong bullish strength. As long as Bitcoin trades above this EMA, the uptrend remains intact.Channel BreakoutBTCUSDT has broken out of a long-term descending channel that constrained price action during the bear market of 2022-2023. The breakout from this channel signals the end of the consolidation phase and the beginning of a new bullish cycle.Support Zone: The upper boundary of the channel, now acting as support, lies around $77,000-$78,000.Rising Trendline: A shorter-term trendline (black line) indicates steady buying pressure, with prices respecting this support on pullbacks.Key Levels to WatchImmediate Resistance: $95,139 (1.0 Fibonacci extension and psychological level).Critical Support: $77,432-$72,000 (Fibonacci retracement levels and breakout zone of the cup pattern).Long-Term Target: $123,786 (1.618 Fibonacci extension).Sentiment and RiskThe overall sentiment remains bullish, driven by a combination of:Institutional accumulation.Reduced selling pressure post-halving.Broader macroeconomic trends favoring Bitcoin as a store of value.However, traders should remain cautious of profit-taking near resistance zones like $95,000 and potential pullbacks to support levels.ConclusionBTCUSDT is poised for further growth, with clear support levels and an explosive upside target of $123,000. Traders can look for opportunities on pullbacks to the $77,000-$78,000 zone or continuation patterns above $95,000. The alignment of the Fibonacci levels, cup-and-handle formation, and EMA structure strongly support this bullish outlook.

XRPUSDT is trading within a contracting triangle pattern, signaling a potential breakout on the horizon. After a significant bullish rally earlier this month, the pair has entered a consolidation phase, with buyers and sellers in a tug-of-war near the $1.09 level.The symmetrical triangle reflects market indecision, but the broader trend remains upward, supported by strong moving averages. A breakout above the $1.15 resistance level could trigger another wave of bullish momentum, targeting the $1.30 zone. Conversely, a breakdown below $1.01 would signal bearish dominance, possibly pushing the price toward $0.83.Traders should monitor key resistance and support levels as the triangle narrows, indicating an imminent resolution. With market sentiment leaning optimistic, XRPUSDT could see a renewed surge if buyers seize control.