# Profit Taking Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Profit Taking", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Analyzing RENDER’s 11% surge: Is the momentum sustainable?

Render (RENDER) surged 11.23% to $1.91, reaching a three-week high, with trading volume rising 48% to $81.5 million. Derivatives data showed strong bullish sentiment, as Open Interest increased by 21% to $60 million and the Long/Short Ratio rose to 1.28, indicating dominant long positions. However, spot netflow turned positive at $460k, suggesting increased selling pressure as profit-taking resumed. Technical indicators like the RSI at 64 and positive DMI signal strong upward momentum, but if profit-taking intensifies, RENDER could retrace to the $1.6 support level. Breaking the $2 resistance is possible if bullish conditions persist.

ambcrypto04/03 10:23

Analyzing RENDER’s 11% surge: Is the momentum sustainable?

ambcrypto04/03 10:23

Jito surges on 1000% volume spike – Will volatility stall JTO’s rally?

Jito (JTO) surged 15.96% to $0.3314 with a 1000% spike in trading volume, indicating strong spot demand and renewed market interest. The price exited a descending channel, reclaiming the $0.2775 support and approaching the next resistance at $0.3376. RSI at 63 supports further upside without being overbought. However, spot taker CVD remains sell-dominant, suggesting profit-taking by retail traders. Open Interest surged 89.51%, reflecting increased leveraged positions that could fuel volatility. The breakout shows strength, but sustainability depends on whether buying demand absorbs selling pressure. If not, leveraged unwinding may trigger a sharp pullback.

ambcrypto03/24 11:36

Jito surges on 1000% volume spike – Will volatility stall JTO’s rally?

ambcrypto03/24 11:36

Examining if SKY crypto can target $0.10 after 15-week bull run

SKY, the native token of an on-chain decentralized protocol, posted significant gains driven by strong momentum in the perpetual market. Over the past day, its market capitalization increased by approximately 10%, adding around $178 million. Trading volume also rose by 12%, reaching $27 million, while the Taker Buy/Sell Ratio remained above 1, indicating stronger buying pressure. Open interest and funding rates reflected growing long positions. The token has been in a 15-week bullish trend, forming higher highs and higher lows. With limited overhead resistance, SKY may attempt to surpass its previous high of $0.095 and target $0.10, representing a potential 30% gain. The Money Flow Index supports continued capital inflow. However, spot traders have recently begun profit-taking, resulting in outflows of about $5.8 million. Despite this, the selling pressure remains relatively small compared to the overall market cap growth and is not yet a significant threat to the upward trend.

ambcrypto03/05 13:09

Examining if SKY crypto can target $0.10 after 15-week bull run

ambcrypto03/05 13:09

SPX6900 [SPX] rallies 15% from $0.30 defense – Breakout or bull trap?

SPX6900 (SPX) has rallied 14.7% to $0.37, successfully defending the $0.30 support level and breaking through the $0.36 resistance. This surge was supported by a 62% increase in volume and strong buy-side liquidity, with the Stochastic RSI indicating robust demand. However, significant profit-taking has emerged, with spot net flows turning positive as investors cash out. While short-term momentum remains bullish, sustained upward movement depends on buyers absorbing this selling pressure; failure could see a retracement back toward $0.30.

ambcrypto02/19 02:32

SPX6900 [SPX] rallies 15% from $0.30 defense – Breakout or bull trap?

ambcrypto02/19 02:32

Can KITE crypto sustain its 21% daily gain? If not, what’s next?

KITE, a leading token in the AI agent economy, surged over 21% in 24 hours and 48% weekly, reaching a $363 million market cap. The rally was driven by a 177% increase in trading volume, institutional backing from PayPal, and expansion to chains like BNB. It recorded over 1 million daily agent interactions. However, the price faces a potential reversal due to profit-taking after a rejection at $0.20. If it stabilizes above $0.20, KITE could set new highs; otherwise, it may retest $0.16. While currently dominant, its lead over competitors like VIRTUAL and FET remains narrow.

ambcrypto02/13 20:02

Can KITE crypto sustain its 21% daily gain? If not, what’s next?

ambcrypto02/13 20:02

Why is ZRO’s price up today? A breakout, a ‘threat’ and more…

LayerZero (ZRO) has surged 14.47% in the past 24 hours, driven by a bullish technical structure. After a rally from $1.20 to $2.39 in January, ZRO retested and held the key $1.46 Fibonacci support level, confirming a bullish reversal. The On-Balance Volume (OBV) showed increased pressure, and the MACD indicated a potential bullish crossover. Key resistance levels are now at $2.39 and $2.67. However, on-chain metrics suggest caution. Exchange net inflows have been positive, indicating potential profit-taking. The declining mean coin age and spikes in dormant circulation further suggest distribution. The 180-day MVRV ratio shows a 6% profit for recent buyers, which may incentivize selling. While the technical outlook remains strong, profit-taking pressure could delay or derail a rally toward $2.69.

ambcrypto02/10 14:02

Why is ZRO’s price up today? A breakout, a ‘threat’ and more…

ambcrypto02/10 14:02

Decoding Enso’s $11mln liquidation: Is 180% weekly surge sustainable?

Enso (ENSO) experienced $11.67 million in futures liquidations in 24 hours, with 70.7% being short liquidations, indicating a major short squeeze. The token surged 38.3% in a day and 180% over the week, with a 170% increase in trading volume. Open Interest rose 70%, suggesting the rally was derivatives-driven. Analysts warn the market may be overextended, advising profit-taking. Key resistance lies at $1.992–$2.785, while a drop below $1.63 could signal a pullback toward $1. The overall bias remains bullish, but sustainability depends on broader market conditions like Bitcoin's momentum.

ambcrypto01/26 03:02

Decoding Enso’s $11mln liquidation: Is 180% weekly surge sustainable?

ambcrypto01/26 03:02

Decentraland joins GameFi rebound – MANA’s move to $0.20 depends on…

Decentraland (MANA) broke past the $0.15 resistance on January 17th, riding a GameFi rebound led by assets like Axie Infinity. However, Bitcoin’s recent pullback triggered a market-wide selloff, causing MANA to retreat. On-chain metrics suggest weak bullish conviction: a spike in dormant coin circulation and falling mean coin age indicate distribution and selling by long-term holders. While exchange outflows are a positive sign, the sharp drop in Open Interest and negative MVRV show short-term traders are taking profits. Although not overheated, MANA faces strong selling pressure. A rally toward $0.20 is possible, but traders should take profits near resistance levels like $0.17 and $0.19.

ambcrypto01/19 05:33

Decentraland joins GameFi rebound – MANA’s move to $0.20 depends on…

ambcrypto01/19 05:33

Beginners Must Read: Senior Trader Shares Five Trading 'Secrets'

A seasoned trader shares five essential trading principles for beginners. First, always trade with the trend by identifying higher highs and lows or using tools like moving averages. Strong trends offer higher probabilities of success, while sideways markets are risky. Second, focus on leading sectors, like AI, which benefit from natural momentum and resources. Third, buy leading stocks within these sectors during market uptrends when they break out of base patterns (e.g., cup-and-handle), ensuring high volume for confirmation. Fourth, let winning trades run to maximize gains, maintaining a risk-reward ratio of at least 3:1 to offset losses. Finally, cut losses quickly—small losses prevent catastrophic drawdowns, as recovering from large losses is mathematically challenging. Embrace losses as part of the process to stay in the game.

marsbit01/09 06:50

Beginners Must Read: Senior Trader Shares Five Trading 'Secrets'

marsbit01/09 06:50

SUI breaks out, but a $1.70 pullback could be next – Here’s why

SUI surged 15.9% in 24 hours, becoming the top-performing crypto among the top 20 by market cap. After dipping to $1.39 on January 1, it rallied nearly 40% to break out of its previous $1.30–$1.68 range, reaching $1.95. Despite bullish short-term signals like rising open interest and strong spot demand, the longer-term trend remains bearish unless SUI surpasses $2.23. Key resistance lies at $1.95–$2.16, which may trigger a pullback to $1.70–$1.75. Traders are advised to consider taking profits and waiting for a retracement or a confirmed breakout above $2.23 before entering new long positions.

ambcrypto01/06 13:02

SUI breaks out, but a $1.70 pullback could be next – Here’s why

ambcrypto01/06 13:02

活动图片

Indepth Research

Technology Trends