There is a mountain that alternative currency markets must overcome.
The BlackRock ETH ETF saw the second-highest inflow in history. Investors have become interested in Ether, which has been trying to reclaim the critical range between $2800 and $2900 recently, but we will see in the coming days whether this interest will bring the range back to ETH again. The importance of this range is significant for ETH before the weekly close. Gaining this range by ETH means it will stay above the green area. This situation may stimulate buyers' appetite. According to the latest data announced by BlackRock, the total number of Ethereum digital currencies reached 1.35 million. The value of these current assets is close to $4 billion. TAO: Has an opportunity TAO did not settle above a major resistance area in blue. TAO sharply retreated after a large sell-off and reached the key green support area covering the range of $330-370 at the beginning of this week. It has a chance to recover with TAO having an opportunity to rebound after holding the green area for 3 days. The next major target for TAO is the range of $625-680 after holding the green area. The weekly close will also be important. ONDO: Places one thing on top of another ONDO continues to make progress. From August to November 2024, the main support range for ONDO resistance was $0.8-0.87. The red zone became a key support after November. After some time, ONDO settled above the yellow zone and began rotating above the key yellow support area by the new year. We can say that the $1.08-1.12 range is very important for this reason. Despite the sharp decline, ONDO managed to close for 3 days above this range. If it succeeds in maintaining itself in this range in the near future, it may be able to retest the white resistance range it tested in two different weeks. Surpassing the important white resistance range of $1.58-1.65 will also open a new door for ONDO. MANA: rose from the green zone MANA, accumulated for years in cryptocurrencies. For nearly 900 days, MANA has been consolidating within the same range of fractions, but it has once again touched the support zone for this range. The strong close of MANA this week will help it quickly recover from its wounds. SUI: A shining star SUI stars continue to shine. During the bull period, SUI managed to impress investors with its strong and sturdy appearance, holding onto the $2.4 support. It continues to trend upwards. It would be best for SUI to achieve a weekly close above the $3.30 level as much as it can. SEI: The need for a stronger weekly close The short and medium-term future of SEI may take shape this week. We see that the main support area in the range of $0.20-0.24 is currently performing its function, but SEI needs a much stronger weekly close. It managed to see the $0.25 level again, but we see that it is subject to further selling. A weekly close in the future area within the concerned area will increase doubts. HBAR: in good condition HBAR, one of the major players in the alternative currency market. HBAR can overcome the week that causes an earthquake in the alternative currency market with minimal harm. Of course, HBAR goes through a week of declines, but this decline triggers buying activity in the blue zone. After the buyers move, we see that HBAR has put some distance between itself and the blue zone and is trying to stay above the critical zone. It continues to build ascending bottoms. In a good condition. SHIB: Vital Levels Shiba is trying to stay alive as much as possible. The range of $0.0000150 - $0.00001280 is crucial for Shiba, as it consolidates between the pink zone and the blue zone since year. It is encouraging that Shiba is testing the main support zone again before the week closes. If it succeeds in closing the week at $0.0000151 or higher, it will successfully overcome the week with minor injuries.
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There is a mountain that alternative currency markets must overcome.
The BlackRock ETH ETF saw the second-highest inflow in history.
Investors have become interested in Ether, which has been trying to reclaim the critical range between $2800 and $2900 recently, but we will see in the coming days whether this interest will bring the range back to ETH again. The importance of this range is significant for ETH before the weekly close. Gaining this range by ETH means it will stay above the green area. This situation may stimulate buyers' appetite.
According to the latest data announced by BlackRock, the total number of Ethereum digital currencies reached 1.35 million. The value of these current assets is close to $4 billion.
TAO: Has an opportunity
TAO did not settle above a major resistance area in blue. TAO sharply retreated after a large sell-off and reached the key green support area covering the range of $330-370 at the beginning of this week. It has a chance to recover with TAO having an opportunity to rebound after holding the green area for 3 days. The next major target for TAO is the range of $625-680 after holding the green area. The weekly close will also be important.
ONDO: Places one thing on top of another
ONDO continues to make progress. From August to November 2024, the main support range for ONDO resistance was $0.8-0.87. The red zone became a key support after November. After some time, ONDO settled above the yellow zone and began rotating above the key yellow support area by the new year. We can say that the $1.08-1.12 range is very important for this reason. Despite the sharp decline, ONDO managed to close for 3 days above this range. If it succeeds in maintaining itself in this range in the near future, it may be able to retest the white resistance range it tested in two different weeks. Surpassing the important white resistance range of $1.58-1.65 will also open a new door for ONDO.
MANA: rose from the green zone
MANA, accumulated for years in cryptocurrencies. For nearly 900 days, MANA has been consolidating within the same range of fractions, but it has once again touched the support zone for this range. The strong close of MANA this week will help it quickly recover from its wounds.
SUI: A shining star
SUI stars continue to shine. During the bull period, SUI managed to impress investors with its strong and sturdy appearance, holding onto the $2.4 support. It continues to trend upwards. It would be best for SUI to achieve a weekly close above the $3.30 level as much as it can.
SEI: The need for a stronger weekly close
The short and medium-term future of SEI may take shape this week. We see that the main support area in the range of $0.20-0.24 is currently performing its function, but SEI needs a much stronger weekly close. It managed to see the $0.25 level again, but we see that it is subject to further selling. A weekly close in the future area within the concerned area will increase doubts.
HBAR: in good condition
HBAR, one of the major players in the alternative currency market. HBAR can overcome the week that causes an earthquake in the alternative currency market with minimal harm. Of course, HBAR goes through a week of declines, but this decline triggers buying activity in the blue zone. After the buyers move, we see that HBAR has put some distance between itself and the blue zone and is trying to stay above the critical zone. It continues to build ascending bottoms. In a good condition.
SHIB: Vital Levels
Shiba is trying to stay alive as much as possible. The range of $0.0000150 - $0.00001280 is crucial for Shiba, as it consolidates between the pink zone and the blue zone since year. It is encouraging that Shiba is testing the main support zone again before the week closes. If it succeeds in closing the week at $0.0000151 or higher, it will successfully overcome the week with minor injuries.