TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Crypto market shows support in place, at least temporary one

Crypto market shows support in place, at least temporary one
Gregor HorvatGregor HorvatWavetraders

We have a solid intraday recovery in the Crypto market after Trump exempted smartphones and computers from new tariffs, so technology sector could stabilize, which means that support can be in place in the Crypto market, at least temporary one. Crypto TOTAL market cap chart can now be looking for a minimum three-wave A/1-B/2-C/3 recovery based on two different interpretations after we spotted wave 5 of an impulse or wave C of a correction.

According to primary count, it may have a completed wave 5 of a five-wave bearish impulse, which can send the price lower, but after an ABC corrective recovery that can revisit 3T resistance area.

Crypto

Regarding secondary count, we can see a completed wedge pattern within wave C of an ABC correction, which means that bulls can be back in the game with a new five-wave bullish cycle.

Chart

As you can see, Crypto TOTAL market cap chart can see more upside for wave C or 3 at least back to 3T area, just watch out on wave B/2 pullback, if wave A/1 is coming to an end.

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

More from Gregor Horvat
Share:

Editor's Picks

Bitcoin demand turns positive across spot and perpetual markets as price rebounds above $70K

Bitcoin demand turns positive across spot and perpetual markets as price rebounds above $70K

Bitcoin demand has turned positive across both spot and perpetual futures markets for the first time since its October 2025 all-time high, according to CryptoQuant founder Ki Young Ju on Thursday. The shift comes as Bitcoin rebounded past $70,000 over the past 24 hours.

Ethereum: Bulls defend rally above $2,300 despite rising profit-taking

Ethereum: Bulls defend rally above $2,300 despite rising profit-taking

Ethereum continued its rally on Thursday as capital gradually flowed back into the derivatives market after the recent leverage flush. ETH open interest, which is the total worth of outstanding contracts in a derivatives market, has risen by 270K ETH to 13.2M ETH over the past few hours.

XRP extends rally as bullish technical signals underpin breakout attempt

XRP extends rally as bullish technical signals underpin breakout attempt

Ripple holds in bullish hands, as price action extends above $1.16 at the time of writing on Thursday. Since Monday, the cross-border remittance token has surged by more than 20%, reflecting a steady growth in risk-on sentiment. The broader crypto market sentiment is on an upward roll at 62 in the Greed territory on Thursday, up from 46 the previous day, according to the Fear & Greed Index.

Dogecoin bolts toward $0.08 breakout

Dogecoin bolts toward $0.08 breakout

Dogecoin gains momentum for the second consecutive day, trading at $0.078 at the time of writing on Thursday. The meme coin is up more than 3% on the day, reflecting positive market sentiment as Bitcoin rallies above $70,000 and Ethereum climbs above $2,200. The crypto Fear & Greed Index is currently embedded in the Greed territory at 62, up from 46 the day before.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.