Overview
Chart #1 - Crypto Total Market Cap (TOTAL) 3-Day
Chart #2 - Bittensor (TAOUSDT) Daily
Chart #3 - Kaspa (KASUSDT) Daily
Chart #4 - Chainlink (LINKUSDT) 8-Hour
Chart #5 - Fear and Greed Index
Chart #1 - Crypto Total Market Cap (TOTAL) 3-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
The current $1.50T - $1.60T area held as major support at the beginning of last year, and is now acting as a very tough resistance area to break through in one go.
A break would take it to $1.80T - $1.90T.
If $1.50T doesnโt hold, it might drop to $1.4T - $1.45T.
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Chart #2 - Bittensor (TAOUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
TAO is one of those coins which has been in a strong uptrend and has now started to form a strong consolidation, which likely leads to the next major breakout.ย
$284.90 is the level most likely to hold as support; that is a great zone to accumulate in.
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Chart #3 - Kaspa (KASUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
Kaspa is also forming a strong range, and I would be looking for the $0.116 level to hold as support.ย
This will likely be the last time that the price comes into that level before heading back to the top side of the range around $0.15.ย
A break above the yellow box will confirm the breakout.
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Chart #4 - Chainlink (LINKUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
$13.50 - $15.00 is a very strong area of support, and the ascending support line from mid-October can be found there.
LINKโs Stoch RSI is oversold. If the price can stabilize here, I expect it to test $17.00 - $18.50.
Whereas if both the $13.50 level of support and the daily support line are broken, it could head to $9.80 - $11.50.
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Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 67 today, indicating Greed.
The highest the index has been over the past seven days is 74, and the lowest is 67.
Banterโs Take
Despite Bitcoin pulling back, there are still coins that are absolutely pumping with relative strength. This shows the market still has a huge risk appetite for buying. If Bitcoin continues to pull back, then the next support is at $39,000.
Stay safe my friends!
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