Technical CRYPTO Analyst

The price of #AR continues to move in the channel of an ascending flag formed in the daily time frame. The support level of $29.0-$33.4 was finally broken and the price moves towards the bottom of the channel. Therefore, according to the downward trend of the market, the first target is $21.6

After reaching the price of $0.228, #Dogecoin started to correct price and it has decreased by more than 40%, but it is still moving above the support level of $0.112-$0.123, so this level is still valid and can support the price again.

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#Bitcoin finally broke the important support level of $59,400-$61,500 and dropped more than 23% from its high price. The price has reached the support level of $57,500-$56,200 and it is possible that this level can support the price well and the price will return to the previous level.

#Bitcoin’s rally to $73,000 reactivated sell-side pressure “During the early stages of both the 2020-21 and 2023-24 bull runs, we can see a confluence between local regimes of distribution (light colors) and intervals of price contraction. As the market rallies to new highs, sell pressure is reactivated, as investors bring dormant supply back into the market to satisfy the inflowing demand.”

🔥$378.6M Liquidated in last 24 Hrs. Long Liquidation : $322.5M 📈 Short Liquidation : $56.1M 📉 📊 High Liquidations : (Binance) Longs : ETH $30.3M, BTC $24.1M, SOL $6.4M, DOGE $4.1M Shorts : ETH $11.7M, BTC $9.1M, SOL $2.3M, 1000PEPE $515.0K

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