-ADA fell 60% from ATH of $2.45 -100MA has held the price for over 5 months -Major resistance to break is $1.57 The week before the cryptocurrency market fell over 40% from highs, Cardano managed to rise nearly 70% to an ATH of $2.45. Once this high was set, the entire market fell fast and hard. That pump has helped Cardano hold much of its gains as it retraced...
-XEND has fallen near 30% from ATH -XEND broke its week long trend support -Major Support of 4150 XEND Tokens has held this far XEND had risen nearly 700% since its release a few months back. XEND has fallen with the rest of the cryptocurrency market. Overall the market has taken a large blow but XEND has held decently well in % terms. Major support of 4150...
-KCS has dropped nearly 80% from its ATH -Kucoin has found support at the $6 range -RSI faces 2 week trend line Kucoin has had an amazing last year rising over 1500%. In the past few weeks KCS has gave up much of these gains as the entire market experienced its worse sell off in over a year. KCS has held strong support level of $6.31. This area is met with the...
Bitcoin price is pivotal at $40,000, whereby bulls lack the momentum to extend the gains to $50,000 and barricade the downside, eliminating all bearish threats. The 40% recovery from the support at $30,500 fizzled out at $43,000, marking the most formidable technical resistance. Meanwhile, the flagship cryptocurrency trades slightly above $40,000 amid a...
Cardano plunged from highs around $2.4 amid the broad-based cryptocurrency declines. The losses extended below $2 before the bulls regained balanced at $1.4. Like Bitcoin, ADA immediately started a reflex recovery where the gap to $2 was almost closed on Thursday. Despite leading altcoins in recovery, Cardano stalled under $2 and, more specifically, at the 50...
Bitcoin bears continued with the display of muscle strength on Wednesday, leading to losses under $40,000. The bellwether cryptocurrency plummeted to $35,000 before some semblance of stability returned to the market. The losses were not unique to Bitcoin but affected most crypto assets. Over $500 billion was wiped off the cryptocurrency market led by altcoins...
Ripple seemed to hold above $1.2 amid the trading on Wednesday. Ripple had shown resilience for a few days as it controlled the correction from $0.71. Several tentative anchor zones had been established, including the confluence formed at $1.4 by the 50 Simple Moving Average (SMA), the 100 SMA on the four-hour chart. The flash drop continued under $1.2 and $1...
Ethereum has lost more than 30% of its value from the all-time high traded at $4,387. Initially, the correction was more like lock-step trading whereby short-term support levels prevented sharp losses. However, during the previous weekend session, the market instability saw Ethereum dive under $4,000 and tested support at $3,100. A trend reversal occurred on...
Bitcoin is in more turmoil after losing ground above $45,000 and extending the losses below last week’s formidable support at $42,000. The pioneer cryptocurrency downtrend seems unstoppable from a short-term technical analysis perspective. Therefore, the ‘saving grace’ could be the 200 Simple Moving Average (SMA) on the daily chart. Bitcoin barely holds onto...
Ripple’s consolidation between $1.2 and $1.6 is still underway. The massive weekend losses in the cryptocurrency market affected Bitcoin and Ethereum the most as XRP embraced support at $1.3. However, the bearish wave sabotaged the intended upswing to $1.6; thus, a correction kicked off on hitting the resistance at $1.6. Ripple prepares for colossal price action...
Ethereum has been steady since the weekend breakdown from levels above $4,000 to $3,100. Over the last 24 hours, the price action remained sluggish, but bulls seem to have resorted to playing defense and ensure that losses do not extend under $3,000. At the time of writing, Ether trades at $3,390 amid a gradually building bullish momentum. Its immediate upside...
-ADA reaches ATH of $2.45 the last week -Price has formed a falling wedge pattern -ADA currently is being held up by the 50 MA Cardano has had an amazing run the last year as it is up over 100x since its bottom in March. Cardano has been trading within an ascending channel the last few weeks and is superiorly strong. Strong support for ADA comes in around...
The instability in the cryptocurrency market last week continued throughout the weekend. A brief break above $50,000 was unsustainable, leading to another breakdown. Moreover, support at $46,000 did little to stop the massive losses; hence BTC dived near $42,000, a three-month low. Elon Musk blamed for crashing Bitcoin The founder is Tesla, Elon Musk has been...
-BTC has fallen to a two month low as Tesla announces suspension of BTC payments -150 MA has held BTC from a further downfall -Bullish divergence spotted on RSI Bitcoin has broken out of a long 3 month range of $10,000. After Elon Musk announced Tesla will no longer be accepting BTC due to environmental reasons, BTC broke its major support of $55,000 and quickly...
-DOGE holds major support range of $0.44-$0.48 -Price has broken a week long bull flag -Bottom trend of ascending channel stood as bounce area for DOGE DOGE coin has been through a wild ride in 2021. Elon Musk has been the biggest influence of the price of Doge as his words have both helped and hurt the Doge. Doge had recently experienced a 50% correction but...
Bitcoin has since Wednesday stalled under around $50,000. On the downside, immense support between $46,000 and $47,000 has ensured the bearish leg does not stretch further. Meanwhile, BTC has been pivotal at $50,000, unable to make progress above this critical level. Bitcoin’s consolidation could culminate in a massive upswing Since the breakdown on Wednesday,...
Ethereum's sharp drop from historical highs of $4,400 did not find support above $4,000. The high gravitational force saw Ether explore lower price levels before embracing an anchor at $3,500. This support became crucial to the smart contract token by preventing losses from extending to $3,000. Similarly, buyers shifted their attention from $3,500 to levels above...
Ripple once again lost steam during an approach to $1.6. A correction began on Wednesday as bears put pressure on the support areas at $1.5 and $1.4, respectively. The news that Tesla had suspended Bitcoin payments for its electric vehicles sent the market in bloodshed led by BTC’s drop under $50,000. Ripple could resume uptrend toward $2 The retreat from...