According to Trader Tardigrade (@TATrader_Alan), Bitcoin (BTC) has recently formed a sequence of price channels on the daily chart, including a small parallel channel, a medium-sized ascending channel, and now a large descending channel (source: Twitter, June 23, 2025). These evolving technical patterns indicate shifting momentum and highlight potential resistance and support levels traders should monitor for optimal entry and exit points. The current large descending channel suggests a period of consolidation or possible retracement, making it crucial for crypto traders to track channel boundaries to anticipate breakout or breakdown scenarios.

According to Trader Tardigrade, Dogecoin (DOGE) is currently trading within an ascending channel on the 4-hour (H4) chart, with two confirmations on both support and resistance lines (source: Trader Tardigrade on Twitter). This established channel pattern provides traders with clear levels for potential breakout or breakdown opportunities, making DOGE an attractive option for technical analysis-based trading strategies. The pattern's confirmation on a mid-term chart suggests short-term momentum could continue, drawing attention from both swing traders and day traders seeking volatility and trend-following setups.

According to Trader Tardigrade, a long-term ascending channel pattern observed since 2023 indicates a short-term price target of $117,000 for Bitcoin (BTC). This technical analysis, based on established trendlines, highlights significant upward momentum for BTC and provides traders with a clear price projection for 2025, supporting ongoing bullish sentiment in the cryptocurrency market (source: Trader Tardigrade, Twitter, April 26, 2025).

According to Trader Tardigrade (@TATrader_Alan), Solana (SOL) has reached the ascending channel bottom, which may provide a support level for traders. If the price holds above $162, the next target could be the channel top at $280, suggesting potential for upward movement.

According to Crypto Rover, Bitcoin's market dominance is on the verge of breaking down from its ascending channel, which is a bullish signal for altcoins. This suggests a potential capital shift from Bitcoin to alternative cryptocurrencies, offering trading opportunities in the altcoin market. The analysis indicates a possible increase in altcoin investments as traders might diversify their portfolios away from Bitcoin. Source: Crypto Rover on Twitter.

According to Mihir (@RhythmicAnalyst), FET's uptrend has broken its ascending channel, indicating a potential sign of weakness. Traders might consider this as a signal to reassess their positions in $FET. The break in the channel suggests a possible shift in market sentiment that could impact short-term trading strategies.