Resistance

In the dynamic world of cryptocurrencies, <a href="https://en.coin-turk.com/the-midpoint-of-the-bull-market-for-bitcoin-and-altcoins-has-been-reached/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> Capo, a significant analyst, issues a warning as prices rise more than expected. Even though optimism is evident and sentiment is extremely bullish, Crypto Capo warns of a potential correction on the horizon, possibly even a blow-off top. In a post on Telegram, Crypto Capo focused on MATIC and <a href="https://en.coin-turk.com/capo-expects-binance-coin-bnb-to-crash/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BNB</a>.
<h2 style="text-align: justify" id="matic-update-looking-for-resistance-and-potential-correction">MATIC Update: Looking for Resistance and Potential Correction</h2>
While closely monitoring the cryptocurrency MATIC, Crypto Capo’s analysis points to a second test in the mid-range. According to the analyst, the BTC rate is facing resistance and appears to be forming another lower high. The cautious approach suggests a continuation of a short-focused position from $0.90.
<img decoding="async" class="wp-image-286910 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/capo-cointurk.jpg" alt="" width="1280" height="733">
The analyst also asks the critical question: Will the altcoin MATIC succumb to pressure and experience a correction amidst the bullish sentiment in the broader crypto environment?
<h2 style="text-align: justify" id="bnb-balancing-profit-and-potential-bear-signals">BNB: Balancing Profit and Potential Bear Signals</h2>
Turning his attention to altcoin BNB, Crypto Capo provided insight into both higher time frames (HTF) and lower time frames (LTF). According to the analyst, the absence of a bearish confirmation in the HTF makes the overall structure resemble distribution. Meanwhile, in the LTF, BNB is going through a test phase, challenging a support that has broken as resistance, and poking above a previous high level.
<img decoding="async" class="wp-image-286911 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/bnb-capo-cointurk.jpg" alt="" width="1280" height="733">
According to the analyst, as a precautionary measure, the strategy continues to be adaptable with a stop in profit. In the event of a bearish confirmation, Crypto Capo responds dynamically to the evolving market conditions, indicating a possible addition to the short-focused position.
In the midst of a jubilant market where prices are rising beyond expectations, Crypto Capo’s measured caution serves as a strategic guide for investors. Especially with altcoins like MATIC and BNB, the expectation of a potential correction brings a meticulous approach to trading. Since sentiment maintains an extreme bullish trend, the fundamental inference emerges as the importance of vigilance and adaptability while navigating the current landscape of overextended markets.
Looking at the BNB price, we witness that the cryptocurrency is trading at a level of 239 dollars. The MATIC price, on the other hand, is trading at a level of 0.89 dollars as we write this article. Continue Reading: <a href="https://en.coin-turk.com/crypto-analyst-warns-of-potential-corrections-amidst-rising-prices/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/crypto-analyst-warns-of-potential-corrections-amidst-rising-prices/</a>

Crypto Analyst Warns of Potential Corrections Amidst Rising Prices

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