Bitcoin Technical Analysis
Bitcoin (BTC) remains below the 20-day exponential moving average ($30,036), indicating potential resistance. However, bulls have defended support at $29,500, suggesting a range-bound market.
If Bitcoin breaks above the 20-day EMA, it could rally to $31,000, potentially leading to a rally to $40,000. Conversely, a decline below the 50-day SMA ($28,979) could trigger a fall towards $24,800.
Chainlink Price Analysis
Chainlink (LINK) has been trading within a range between $5.50 and $9.50. Bulls are attempting to push the price towards $9.50.
If LINK breaks above $9.50, it could soar to the pattern target of $7.30. Alternatively, a decline below $7.50 could lead to a drop to $6.
Filecoin Price Analysis
Filecoin (FIL) is attempting to form an inverse head and shoulders pattern, suggesting potential bullishness.
A break above the neckline could lead to a rally to $6.50 and $7.30. A decline below the 50-day SMA ($4.12) could result in a drop to $3.29.
Synthetix Price Analysis
Synthetix (SNX) is attempting to break out from a basing pattern, facing resistance between $3.40 and $3.56.
A break above $3.56 could lead to a rally to $4. A decline below $2.56 could trigger a drop to $2.19.
Theta Network Price Analysis
Theta Network (THETA) is facing selling pressure near the 38.2% Fibonacci retracement level ($0.83).
A break above $0.83 could lead to a rally to $0.91 and $0.99. A decline below the moving averages could result in a drop to $0.66.