Bitcoin Faces $24M Sell Wall, Key Test at $95K
- Sell Wall Formation: Bitcoin faces a $24 million sell wall near $95,000, a significant resistance that could impact short-term market movements as whales prepare to offload large BTC positions.
- Market Testing: The presence of this sell wall suggests that whales may be testing market demand or protecting profits, with a breakout potentially igniting strong bullish momentum, while a rejection could lead to short-term pullbacks.
- Volume Monitoring: Analysts emphasize the importance of monitoring order books and trading volume, as a high-volume breakout above $95,000 could indicate strong market confidence and propel Bitcoin toward new highs.
- Key Market Sentiment: Bitcoin's $95,000 sell wall serves as a crucial test of market sentiment, where a breakout could attract more retail and institutional buyers, while a rejection may trigger short-term volatility, necessitating close attention to this pivotal level.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BLAST
Technical Sentiment Analysis for Blast (BLAST) As of , Blast (BLAST) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BLAST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BLAST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Blast (BLAST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000239 | 0.000356 | 0.000466 | 0.000583 | 0.000693 | 0.00081 | 0.00092 |
| Fibonacci | 0.000356 | 0.000443 | 0.000497 | 0.000583 | 0.00067 | 0.000724 | 0.00081 |
About BLAST
About the author
