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In the altcoin market, there is a mountain that needs to be overcome.
In the BlackRock ETH ETF was the second largest entry in history.
Investors have started showing interest in Ether, which in recent days has been trying to regain the critical range of $2800 - $2900, but whether this interest will bring ETH back to the discussed area in the coming days remains to be seen. The importance of this area for ETH before the end of the week is huge. Capturing this area for ETH means continuing to hold above the green zone. This could stimulate buyers.
According to the latest data announced by BlackRock, 1.35 million ETH has been reached. The current value of these assets is close to 4 billion dollars.
TAO: He has the opportunity
TAO failed to hold above the blue key resistance zone. After significant selling pressure, TAO retraced to the green key support zone and broke below the range bottom covering $330 to $370 earlier this week. TAO has a chance to recover after managing to stay above the green zone for three days. If TAO can hold above the green zone, its first important target will be the range of $625 to $680. Also crucial will be the weekly close.
ONDO: Continues to move forward
ONDO continues its upward movement. The red zone in ONDO, which served as the main resistance range from $0.8 to $0.87 from August to November 2024, has become the main support after November. Soon, ONDO took a position above the yellow zone and began rotating above the main support of the yellow zone since the beginning of the new year. We can say that the range from $1.08 to $1.12 is very important. Despite the sharp decline, ONDO was able to close above this zone for 3 days. In the near future, if it can hold in this zone, it may retest the white resistance range that it experienced in two different weeks if it is overcome. The resistance range from $1.58 to $1.65, which makes it important, will also open new gates for ATH for ONDO.
MANA: Got up from the green zone
MANA is one of the many altcoins that has been accumulating for many years. MANA has been consolidating in the same price range for about 900 days, and has once again touched this support zone. If MANA closes this week strongly, rising from the green zone in the range of 0.25 – 0.29 dollars, it will help it heal its wounds quickly.
SUI: The star shines
Star SUI continues to shine. SUI, continuing to impress investors with its strong presence during the bull market, survived at the support level of $2.4. The upward trend is still ongoing. SUI will be better if it can close above the $3.30 level on the weekly chart.
SEI: Stronger weekly closing needed
The short-term and medium-term future of SEI may unfold this week. We see that the main support area in the range of $0.20 to $0.24 is currently doing its job, but SEI needs a much stronger weekly close. It was able to return to the $0.25 level, but we see that it is once again subject to selling pressure. A weekly close inside the purple area raises doubts.
HBAR: In good condition
HBAR, one of the veterans of the altcoin market. HBAR can survive a week that causes an earthquake in the altcoin market, with minor scratches. Of course, HBAR also had a week of decline, but this decline is met with buyer reaction in the azure zone. We see that after the buyers take action, HBAR moves away from the azure zone and tries to stay above the critical zone. Growing bottoms are continuously being built. Good condition.
SHIB: Vital Levels
SHIB is doing everything possible to survive. The range of 0.0000150 - 0.00001280 dollars is crucial for SHIB as it consolidates between the pink zone and the blue zone over the past year. Before the close of the week, SHIB, retesting the key support level, promises a good weekly outlook. If the weekly close is above 0.0000151 dollars, the week will end with minor losses.#Which AI Concept Coins Do You Hold? #Launchpool Initial Offering ANLOG #Market Pullback: Which Coins to Watch?