According to Skew Δ, the Bitcoin market is experiencing significant panic due to risk-off selling following the Bybit wallet hack. The $98K level is identified as a pivotal trend indicator, with bullish signals if BTC remains above this level due to buyer interest, whereas movement below could suggest continued weakness.

According to Skew Δ, the $SOL token is showing potential absorption around its yearly open and below $200, aligning with previous Value Area High (VAH) and current Value Area Low (VAL). A strength indication would be a higher high (HH) around $220, suggesting potential for further continuation upwards if reclaimed. Conversely, weakness is marked by a loss of the $200 level. Source: Skew Δ Twitter.

According to Mihir (@RhythmicAnalyst), Render's key support is identified at 5.8 USD. The cryptocurrency exhibited an inverse Head and Shoulders pattern, but the right shoulder has shown distortion over the past two weeks, indicating potential weakness in the pattern. Traders should monitor this support level closely as a breach could signify further downside.

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.