There is a mountain that the altcoin market needs to overcome.


BlackRock ETH ETF saw the second highest inflow in history.
Investors have recently started showing interest in Ether, which is trying to regain the critical range of $2800 - $2900. However, we will see in the coming days whether this interest will bring back the mentioned range to ETH. The importance of this range for ETH is significant before the weekly close. If ETH can regain this range, it means continuing to hold above the green zone. This situation can stimulate buyers.
According to the latest data announced by BlackRock, it has reached 1.35 million ETH. The current value of these assets is close to 4 billion dollars.
TAO: There is an opportunity ahead
TAO was unable to settle above the blue major resistance zone. After a serious sell-off, TAO retreated to the green major support zone and broke below the green zone ranging from 330-370 dollars at the beginning of this week. TAO, which managed to hold above the green zone for a period of three days, has an opportunity to recover. TAO's first significant target, if it can hold above the green zone, would be the range of 625-680 dollars. The weekly closing will also be important.
ONDO: Moving forward by building on top
ONDO continues to build on its progress. In the period between August and November 2024, the range of 0.8 - 0.87 dollars served as a major resistance level in ONDO, and the red zone has become a major support level since November. ONDO, which settled above the yellow zone after a while, started to rotate above the yellow major support zone as of the new year. We can say that the range of 1.08 - 1.12 dollars is very important for this reason. Despite a sharp drop, ONDO managed to close above this zone for 3 days. If it can hold on in this area in the near future, it may retest the white resistance range it tested in two different weeks. The white resistance range, which is important in the range of 1.58 - 1.65 dollars, will also open a new ATH gate for ONDO if it is surpassed.
MANA: Rose from the green zone
MANA has been one of the altcoins that has been accumulating for years. MANA, which has been consolidating in the same range for nearly 900 days, has touched the support area of this range again. It will help MANA, which has risen from the green area covering the range of 0.25 - 0.29 dollars, to close this week strongly and rapidly heal its wounds.
SUI: Shining Star
SUI's star continues to shine. SUI, which impressed investors with its strong performance throughout the bull season, held on to life from the $2.4 support. It continues the uptrend for now. The higher SUI can close weekly above the $3.30 level, the better.
SEI: A stronger weekly closing is necessary
SEI's short and medium-term future could be shaped this week. We see that the major support zone between 0.20-0.24 dollars has done its job for now, but SEI needs a much stronger weekly close. It managed to see the 0.25 dollar level again, but we see that it faced selling again. A weekly close within the purple zone will raise doubts.
HBAR: In good condition
HBAR is one of the regulars in the altcoin market. HBAR can withstand the earthquake-like impact in the altcoin market with minor scratches. Of course, HBAR also experiences a drop in one week, but this drop is met with the reaction of buyers in the navy blue zone. After buyers take action, we see that HBAR has put some distance between itself and the navy blue zone and is trying to hold on above the critical zone. It continues to build rising bottoms. In a good condition.
SHIB: Vital levels
SHIB is trying its best to stay afloat. The range of 0.0000150 - 0.00001280 dollars is crucial for SHIB, as it has been consolidating between the pink and blue zones for the past year. SHIB's retesting of the major support zone and the promising weekly green outlook with days left until the weekly close are hopeful signs. If it can close the week above 0.0000151 dollars, it will have survived the week with minor setbacks.#Which AI Concept Coins Do You Hold? #Launchpool Initial Offering ANLOG #Market Pullback: Which Coins to Watch?
ETH0,51%
HOLD-7,25%
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GateUser-13077332vip
· 02-07 09:32
Firm HODL💎
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