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Overview
Chart #1 - SuperVerse (SUPERUSDT) 3-Day
Chart #2 - Chainlink (LINKUSD) 3-Day
Market Update: Is This the Dawn of a New Move or Merely a Transient Rebound?
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Chart #1 - SuperVerse (SUPERUSDT) 3-Day
Chartist: Kyle
(For the chart screenshot, click here.)
SUPER is showing signs of bulls stepping in in a key zone. In mid-January, the 200-week EMA printed for the 1st time acted like a magnet, drawing price into a key support zone where a solid support line is forming. Additionally, after sweeping liquidity below the $0.59 low, price is now holding above the 200-week EMA and the 0.886 Fibonacci retracement level, structurally still setting in a higher low.
Entry Zone: $0.65 to $0.80
Stop Loss: Daily close below $0.54
TP1: $1.00
TP2: $1.34
TP3: $1.65
TP4: $1.89
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Chart #2 - Chainlink (LINKUSD) 3-Day
Chartist: Kyle
(For the chart screenshot, click here.)
LINK has demonstrated solid relative strength amid the broader altcoin pullback. The plan is to place a bid once price retests the wick low, tags the 200-week EMA, and flips a key resistance level into support at the 0.786 Fibonacci level. I expect it to form a higher low, paving the way for an upward trend.
Entry Zone: $13.50 to $14.50
Stop Loss: Daily close below $12.50
TP1: $20
TP2: $23
TP3: $34
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Banterβs Take
Market Update: Is This the Dawn of a New Move or Merely a Transient Rebound?
The market remains steeped in uncertainty as we assess whether the current surge signals a genuine recovery or just a fleeting dead cat bounce. On lower timeframes, many altcoins are beginning to rebound, yet the weekly picture still shows caution and consolidation. Bitcoin, meanwhile, continues to trade within a narrow band, suggesting the possibility of a corrective push up spanning one to four candles before re-accumulation takes hold.
Traditional equity markets, notably the S&P 500, are nearing all-time highs, which adds an interesting dynamic as market sentiment appears to be decoupling from negative macro signals. Increased daily exchange volume will be critical in confirming a breakout, as a sustained close above key levels would signal renewed upward momentum. Currently, Bitcoin is trading between approximately $91,000 and $106,000. Support is seen around $91K, a mid-range resistance near $102K, and at $106K. The 21-day EMA remains a vital indicator, and a close above the $102K to $106K range could mark a structural shift, enabling a move from the current range low to the range high. Conversely, failure to hold these levels may lead to further liquidity sweeps and a retest of lower support.
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