Past Performance of Bitcoin Bitcoin remains under pressure at spot rates, looking at the performance in the daily chart. Despite gains today, sellers were still in control since prices were still within the bear bar of February 24, a sign of weakness. Until prices break above $24.1k, the coin risks dropping in the short term. #Bitcoin Technical Analysis BTC is...
Past Performance of Dogecoin Dogecoin is, like the broader market, under pressure. It is down roughly 20% from February highs and will likely shed more in the days ahead. Going forward, traders should watch how prices react at around $0.091 and support at $0.080. #Dogecoin Technical Analysis Bulls are confident, but how prices react in the short term depends...
Past Performance of Bitcoin Bitcoin prices remain in a tight trade range, around the $23.5k support line. There are signs of weakness, but that needs to be confirmed with a sharp drop below $23k and even $22.5k with rising volumes. From the daily chart, buyers are in control. However, for buy trend continuation, there must be gains in line with February 26 gains,...
Past Performance of Solana Solana remains within an uptrend. However, from the daily chart, prices are struggling to pump higher with the same strength as before. As it is, SOL has support between $20 and $22 with a clear upper limit at $26. Per this setup, the uptrend will be valid only if SOL surges above last week's highs with expanding volumes. #Solana...
Past Performance of Uniswap Uniswap prices are within a rising wedge, consolidating, as visible in the daily chart. The uptrend is valid despite bears having the upper hand in the past few days. Still, traders should watch out for how prices perform. If UNI drops below $6.2, there could be more short- and medium-term losses. Conversely, gains above $7.4 and the...
Past Performance of Bitcoin Bitcoin prices are volatile. After losses from Friday, February 25, BTC prices recovered yesterday but remain within a bearish formation, a discouraging move. Notably, from the daily chart, BTC is trading at around $23.5k, a critical support level. Should prices contract from this line, this could swing price action to favor sellers in...
Past Performance of Polygon Despite the contraction of the past few days, Polygon is trading above November highs, and looks firm. The coin is up roughly 80 percent from December lows, and trading above the middle BB, signaling strength. Per the current setup, support lies at $1.30. #Polygon Technical Analysis The overvaluation of February 18 is being...
Past Performance of Bitcoin Bitcoin is weaker when writing, trading in a tight trade range, tethered around the $24k level. Even though the primary trend is northwards, there are concerns that the coin may drop if it loses support at $23.5k and the middle BB. On the flip side, a close above $25k and the present consolidation will solidify the bullish outlook,...
Past Performance of BNB BNB prices are stable at spot rates, trading within a tight range in the past few days. Even though the uptrend is valid, there can be concerns in the short term, more so if BNB fails to close above $320. Support lies at around $295. #BNB Technical Analysis Traders are confident that BNB will resume its uptrend. Nonetheless, the...
Past Performance of Bitcoin Bitcoin is trading lower at spot rates, shrinking by four percent from recent highs. Technically, buyers are in charge, but the failure of prices to edge above $25k is a concern. As it is, traders can watch out for how prices react at support, aware that any dip below $23.5k will cancel out the bullish outlook in the short term. ...
Past Performance of Ethereum Ethereum, more like Bitcoin, is cooling off from last week’s resistance at around $1.75k. The rejection means ETH is down, sliding six percent from recent highs, though the uptrend remains valid. Support is at about $1.6k, and on the lower end, the low of the February 15 bar at $1.5k. #Ethereum Technical Analysis The support is...
Past Performance of Bitcoin Bitcoin is roughly down five percent from this week’s highs, below $25k, and weaker than last week’s performance. Although the trend remains bullish, how prices will react in the coming few days is yet to be seen. Even so, as long as prices are above $23.5k and the $24k support zone, buyers stand a chance. Bitcoin Technical Analysis...
Past Performance of Monero The uptrend might be clear, but Monero bulls are struggling. Prices are higher in the short term, but the trend is bearish relative to January highs. In the short term, XMR is within the February 9 bear candlestick, which is bearish from an effort versus result perspective. Presently, the resistance is at around $170. #Monero...
Past Performance of Bitcoin Bitcoin prices are holding on, firm, and near last week's highs when writing. There must be a sharp close above $25k for the uptrend to be sustained. On the lower end, support lies at $23.5k. As it is, traders can search for longs on pullback above immediate support lines. More gains above last week's highs would reassure buyers,...
Past Performance of Cardano Cardano prices are up 16% from last week's low and over 70% from Q4 2022 lows. Even though the primary trend is upward, the consolidation of the past few days within the February 15 bar can be a concern. The immediate resistance level is $0.42, while the support is $0.38. For the uptrend to resume, buyers must break above $0.42 with...
Past Performance of Bitcoin Bitcoin is within a bullish breakout formation as long as the coin is above the $23.5k and $24k support. There is accumulation at present, and the coin may push higher, provided prices are within the February 15 bull bar. Bitcoin Technical Analysis Since BTC prices are within the February 15 bull bar, the upside will be confirmed...
Past Performance of Ripple XRP prices are lagging the market and are yet to clear above current liquidation levels. The trend remains bullish, and the coin has been edging higher in the past few trading days. The immediate resistance line is $0.42, while the support is $0.36. If the uptrend is to hold, the coin must break above February high convincingly. ...
Past Performance of Bitcoin Bitcoin prices are ripping higher, recently printing new Q1 2023 highs, per the formation in the daily chart. After fears that the coin has peaked in mid-February, the resurgence of the past two days has lighted up demand, rejuvenating buyers. As long as prices are trading above $23.5k, the uptrend is valid, and traders may look for...