Global assets are showing significant momentum as the market breakout update highlights major shifts in equities, currencies, metals, and crypto. Nikkei has surged past key resistance, Silver remains strong near $39.50, USDJPY is pulling back from multi-month highs, and the crypto market cap has soared to $3.86 trillion. These moves signal rising volatility and potential trend changes across key sectors.
Nikkei Surges Past 41,000 in Market Breakout Update
Nikkei has finally breached the major resistance zone near 41,000, which has historically acted as a ceiling multiple times since March 2024. This decisive breakout above the horizontal resistance signals a potential continuation of the bullish trend.
The recent consolidation between 37,000 and 41,000 provided strong base formation, and today’s strong green candle (+3.98%) is a breakout confirmation. A retest of the 41,000 zone as support could provide a second entry opportunity.
Key Levels:
- Resistance Turned Support: 41,000
- Next potential resistance: 43,500 – 44,000
- Strong support base: 34,260 and 30,685
Silver Holds Strong After $39 Breakout – Market Breakout Update
Silver continues its aggressive bullish leg after breaking out of a symmetrical accumulation channel. The price surged past the $39 resistance, consolidating just under $39.50, which now acts as minor resistance.
There’s a well-defined ascending trendline since early July, acting as dynamic support. Price structure suggests that any pullback to the $38.00 – $38.50 range could find strong buying interest.
Key Levels:
- Support zone: $37.50 – $38.00
- Resistance: $39.50
- Below trend support: $36.50
USDJPY Faces Rejection Near 149 – Key Resistance Levels
USDJPY rejected hard from the 148.500 – 149.000 supply zone, confirming its validity as a strong resistance. Price now appears to be retreating towards the 146.300 level, which has previously acted as a mid-range balance point.
A breakdown below 146.00 could accelerate downside momentum toward 143.000. However, a bullish reversal around 146.00 could also form a potential double bottom if bulls defend the zone.
Key Levels:
- Resistance: 148.500 – 149.000, then 151.100
- Support: 146.300, followed by 143.000
- Major demand zone: 139.000 – 140.000
Crypto Market Cap Nears $3.86T – Market Breakout Update
The crypto market has clearly broken out of a descending wedge and surged past the previous multi-month resistance near $3.6T, with current prices hovering around $3.86T.
This breakout is structurally bullish, with the potential for further upside towards $4.2T – $4.5T, especially if this breakout zone holds as support. The consolidation between $3.0T and $3.6T acted as a strong accumulation base.
Key Levels:
- Support (breakout retest): $3.60T
- Resistance: $4.20T, psychological level: $5T
- Breakdown invalidation: below $3.40T
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