Iran-US Ceasefire Looking Bullish: Technicals Say 'Hold,' But No Official Confirmation Yet

The Iran-US ceasefire is printing higher highs on the weekly chart, with sources whispering about a potential two-week continuation. Market makers are watching the situation like it's the next meme coin with suspicious volume.

Current candle action on the diplomatic order book suggests the ceasefire—currently scheduled to dump Tuesday—might need an extended liquidity window. The proposed plan would give negotiators some much-needed consolidation time to work through some seriously bearish candle issues: the Strait of Hormuz reopening and Iran's nuclear enrichment program.

If these technical discussions pump successfully, we could see a full re-test of previous all-time highs in peace negotiations. However, volume is suspiciously thin on any actual approvals. A US official confirmed Washington hasn't officially greenlit the extension yet. Tehran's response to requests for comment was... shall we say, a ghost transaction waiting to confirm.

On the bright side, both sides appear to be sitting on serious support zones—no one seems eager to re-enter the war market with any conviction. President Trump told Fox Business the conflict, now seven weeks deep, is "very close to its end." Sounds like someone taking profits before the final candle closes.

The conflict, which kicked off with US-Israeli attacks on Iran February 28, created significant destruction across the region. Iran's retaliation caused widespread market volatility, and closing the Strait of Hormuz sent energy prices to the absolute stratosphere. Talk about a black swan event nobody had in their portfolio.

But the on-chain fundamentals? Still stubbornly bearish for any real agreement. Iran insists its right to peaceful nuclear energy is non-negotiable diamond hands. Washington wants those activities stopped entirely and Iran's highly enriched uranium transferred or destroyed. Classic liquidity dispute.

Iran's Foreign Ministry put it simply: peaceful nuclear rights are "inalienable," though enrichment levels and methods could theoretically be negotiated. Consider that a potential support level for future talks—minimal, but it's something.

Neither chart is breaking above key resistance yet, but both sides seem to be in hold mode. Watch for confirmation on that two-week extension—this could