Key Support Levels Identified in Cryptocurrency Market Analysis

According to BlockBeats, CryptoQuant analyst Axel Adler Jr has identified significant support levels in the cryptocurrency market. The recent strong support zone is located between $100,000 and $107,000, where the short-term holder realized price intersects with the 200-day simple moving average. Below this range, another support level is found between $92,000 and $93,000, representing a deeper support reflecting the cost basis of short-term investors holding for three to six months. If the market falls below the $100,000 to $107,000 range, this deeper support level will become a critical second line of defense source: https://www.binance.com/en/square/post/28825080385650?utm_source=BinanceNewsRSS