Slides 4% Amid Bitcoin Sell-Off, but Cup-and-Handle Setup to $5 Intact

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Token retreats from $3.02 resistance in a volatile August 28–29 session as distribution pressure meets fresh accumulation at $2.85–$2.86 support.

By Shaurya Malwa, CD Analytics

Updated Aug 29, 2025, 5:16 p.m. Published Aug 29, 2025, 2:47 p.m.

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Crypto Charts Look ‘So Broken and Bearish They’re Bullish’ Ahead of Fed Meeting, Says Analyst

Physical bitcoin and ether tokens placed in front of trading screen with charts.

Alex Krüger says recent liquidations and scary charts could set up a bullish rebound, though conviction trends may wait until after the Fed’s Sept. 17 decision.

What to know:

  • Analyst Alex Krüger says extreme bearish-looking charts can flip bullish once forced selling clears leverage.
  • He sees little trend until after the Fed’s next rate decision on Sept. 17, following the conclusion of the two-day FOMC meeting.
  • Krüger insists the cycle isn’t over and sees SOL as a possible outlier due to new decentralized treasuries building on the chain.


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