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Bitcoin is approaching a key inflection point on the 4-hour chart, where recent price action has begun to tighten within a narrowing range. This area marks a crucial junction that could determine BTC’s next move. As momentum fades and volatility compresses, whether bulls reclaim control or bears push prices lower, this setup demands attention.

Support And Resistance Zones Narrow Into Decision Point

According to ATOM B’s post on X, Bitcoin has broken above the downward trendline, a technical move that was validated by two confirmed retests, signaling a structural shift. However, despite the breakout, BTC encountered strong resistance around the $108,500 and $112,500 zones, resulting in a notable rejection.

As a result, the price has pulled back and is retesting the $104,500 demand zone, a level highlighted by ATOM B as critical for potential bullish continuation. This zone has typically acted as a base for upward momentum, and how BTC behaves here could dictate the next directional bias.

If bulls successfully defend this area and print a higher low with strong volume, it could reignite upward momentum, sending BTC back toward the $108,000 and $112,000 resistance region for another test. On the other hand, if $104,500 fails to hold, the next support lies near $100,000, which could invite increased bearish pressure and a broader correction.

Bitcoin is showing renewed strength on the 8-hour chart, where it has found solid support at the lower boundary of a broadening wedge pattern, as noted by Whales_Crypto_Trading. This technical setup often signals increased volatility for breakout moves.

After holding the lower edge of the wedge, bullish momentum is building, suggesting that BTC may be preparing for a leg higher. If this momentum sustains, the price could target the $108,000 level.

Whales_Crypto_Trading also revealed that Bitcoin is attempting a bounce from the lower boundary of a descending triangle on the 4-hour chart, an area that is a crucial support zone. Typically, this structure is a continuation pattern that can set the stage for a bullish counter-move. If BTC manages a decisive bounce from this lower support, it might trigger a move toward the $109,000 resistance level, 

Buy Wall Builds Beneath Bitcoin After Key Bounce

As claimed by CW, Bitcoin is flashing bullish signals following a bounce. A buy wall has formed beneath the price, suggesting an increasing demand and trader confidence in holding the BTC uptrend. 

Adding to the bullish case, a Morning Star candlestick has formed on the daily chart, a signal that precedes upward reversals. The emergence of this setup indicates that bearish momentum may be fading, giving bulls an opening to reclaim higher levels. CW highlights that only one sell wall remains at $110,800, and if Bitcoin can break through this level, it might continue its rally.

Featured image from Getty Images, chart from Tradingview.com

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Crypto analyst Ali Martinez (@ali_charts) published a new UTXO Realized Price Distribution (URPD) chart on X that offers a deep look at where large chunks of DOGE have last changed hands. This histogram shows distinct clusters of on-chain activity, pinpointing the most significant price levels that could define the meme coin’s next major move.

Martinez specifically singled out $0.177 as strong support and $0.207 as notable resistance, suggesting that Dogecoin is effectively sandwiched between these two crucial price barriers. While $0.177 and $0.207 stand out for immediate trading decisions, the chart also reveals other conspicuous price levels that warrant closer inspection.

What This Means For Dogecoin Traders

The chart reveals Dogecoin’s largest URPD cluster around $0.177, accounting for roughly 8.01% of DOGE’s total supply (about 11.89 billion tokens). This concentration indicates a high volume of coins last transacted in that range. Because of the large number of DOGE holders with cost bases around $0.177, analysts typically view this level as an important support zone—where buyers could step in to defend their positions.

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Another notable cluster appears at $0.2069, representing about 7.04% of the total supply (approximately 10.45 billion tokens). Martinez labels it as key resistance, reflecting a significant group of holders who acquired DOGE at or near this price. If the market approaches $0.207, some participants might look to break even or lock in small gains, potentially creating selling pressure.

One of the most striking observations is the large spike at $0.06653, where approximately 30 billion tokens were transacted. This by far highest bar dwarfs many of the smaller clusters on the chart, indicating that a massive volume of DOGE supply shifted at that price in the past.

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Even though the market is currently well above $0.06653, this level could be significant if prices were ever to correct sharply. It represents a substantial cost basis for a large portion of holders, potentially turning it into a powerful area of support if Dogecoin experiences a deeper downside move below $0.177.

On the upside, the histogram highlights two major concentrations above current prices. Around $0.2753, slightly below 5 billion tokens were transacted, and at $0.3622, slightly above 5 billion tokens exchanged hands. These tall bars may act as key resistance hurdles if Dogecoin can break above the shorter-term ceiling at $0.207.

Once DOGE sustains gains beyond $0.207, buyers might look for momentum to carry the token toward $0.2753, where fresh resistance could appear. If bullish sentiment remains robust, the region around $0.3622 might become the next important level to watch.

At press time, DOGE traded at $0.196.

Featured image created with DALL.E, chart from TradingView.com

A widely followed analyst says Bitcoin (BTC) is showing signs of being on the verge of a massive breakout.

The analyst pseudonymously known as Credible Crypto tells his 462,900 followers on the social media platform X that Bitcoin may reclaim the $100,000 range if BTC can break through resistance around the $88,000 level.

“We’re at a key inflection point around this region, but since we went up to tag it BEFORE going down to range lows this is a good sign. It increases the odds that if we reject here but hold range lows [at around $78,000], the next move up will be expansion and a true breakout through not just this level but the original supply zone above in RED that we first rejected from. All eyes on this key zone for now.”

The analyst says Bitcoin’s dip to the $84,000 range after tagging $87,000 on Thursday keeps the flagship crypto asset on target to reclaim the $100,000 level.

“A perfect rejection so far.”

Bitcoin is trading for $84,427 at time of writing, down 1.5% in the last 24 hours.

Next up, the analyst suggests payments token XRP may dip below $2.00 before rallying to its all-time high of about $3.40.

“This is still the game plan for XRP by the way. If we don’t get it, we don’t get it, and we ride spot to double digits regardless. But I’m not interested in jumping into fresh longs mid-range. Hoping people choose to fade this push so we get what would be a fantastic opportunity.”

XRP is trading for $2.45 at time of writing, down 1.7% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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