During the previous week XRP continued with its side trading, but this time it was at lower levels from the week before. Trading range was between levels of $0.319 up to $0.336. Neither support line at $0.30 nor resistance line at $0.35 has been tested. Such short moves became sort of a new normal for XRP since June this year. It could be highly expected that they...
Regardless of the general market sentiment impacted by the latest macro fundamentals, the price of Ether continues to be supported by the forthcoming Merge fork, which is scheduled to occur within the next 10 days. This is not only evident through the spot price of ETH, but also on the crypto futures market, considering that within the last week, 57% of all...
FED's next moves in bringing inflation to targeted 2% is still the main topic among investors on markets. Posted figures during the previous week are not bringing much confidence that rate increases might end soon. Namely, the job market and wages in the US continue with an uptrend, which increases market expectations that FED will continue to be on a path of...
Last week in the news The US equity market continued modest decline during the previous week, following solid US job market data which are adding to the probability that the FED will continue to hike interest rates. Crypto market continues to move in a relatively low range due to the same reason. Bitcoin is ending another week around the $20K support line; Ether...
Previous week LINK started by testing the $0.7 support line, but due to generally decreased market optimism, this level has not been breached. Instead, general moves on financial markets after Chair Powell's speech, pushed the coin to the downside and level of $6.4 where the coin is ending this week. At the same time, it is worth noting that LINK increased its...
General negative market sentiment pushed the price of ADA to the lower grounds as of the weekend trading. During the whole week, the coin was side traded around $0.45 support line, which was finally broken as of the weekend trading session, when ADA reached weekly minimum at $0.42. On a positive side is that the $0.40 support line has not been tested and that as...
Resistance line at $300 was a starting point for BNB during the previous week. However, general market sentiment was focused more on the next FED`s moves in terms of economic tightening, so BNB did not manage to make a break of this resistance line. General negative market sentiment as of the weekend pushed the price of the coin down to the level of $270, where it...
Two weeks ago the price of XRP was pushed from $0.4 resistance down to $0.33, which was a starting level of XRP for the previous week. Although the coin started the week in a small steps toward price recovery, still Friday`s fundamental news made an impact on the coin, and XRP finished the week for one more time at $0.33. The price consolidated a bit at this...
During the previous period markets were quite optimistic about ETH, due its forthcoming fork in September. Certainly this optimism had a strong reason and the price of the coin was pushed back to the level of $2K. Still, a very challenging economic environment all over the world and especially in the US, which is a major world player, made an impact on ETH`s price...
FED is for one more time a party-breaker. FED Chair Powell held a speech on Friday and said the only one thing that markets don’t want to hear at this moment. He said that the FED will continue to raise interest rates and tightening of monetary policy. Before his speech, at least some optimism was holding the markets, as jobs figures were positive and inflation...
Last week in the news For one more time FED is spoiling the game. After announcements from FED Chair Powell that interest rate hikes are not over, markets reacted in a negative mood. Both EU and US markets were closed in red on Friday, while the crypto market continued with downtrend during the weekend. Bitcoin is ending the week around $20K support line, while...
Since the beginning of August, LINK had a good period, where the price of the coin was pushed to the higher grounds, up to the long term resistance level of $9. Since this was a moment when the market reached its clear overbought side, it was expected that the coin would start with a short term reversal. LINK started the previous week around level of $9 and soon...
During the previous week ADA was following general market sentiment, moving out of its side trading and was traded at the lower ground. Coin started the week modestly below the resistance line at $0.6, and ended the week at its lowest weekly level of $0.44. Selling orders were dominant during the second half of the week, which also continued during week-end...
Two weeks ago Binance Coin reached a clear overbought market side, hence, it was expected that short reversal is in store for this coin. Previous week BNB started around level of $333 and turned to the downside, reaching a minimum weekly level at $276. Support line at $250 has not been tested on this occasion. Initial target for BNB was support line at $300,...
During the previous week XRP continued with a side trading which started as of the end of May this year. Generally negative market sentiment pushed the coin to the downside as of the end of the week, to the level of $0.33. Still, the highest level reached during the week was $0.39. Resistance line at $0.4 has not been clearly tested. It is also interesting to...
Two weeks ago Ether clearly reached the overbought market, hence, short term reversal was expected based on technical analysis. However, a drop during the previous week was influenced by the general negative market sentiment, in the light of negative economic data related to Germany and China. Although the coin managed to reach the psychological $2K level two...
First half of the previous week was pretty positive for BTC as the coin made a move toward the $25K resistance line to test it for the first time within the last two months. However, during the second half of the week BTC moved to the down side and to the $20K support line. Analysts are assuming that BTC`s drop as of the end of the week is a result of big sale...
Last week in the news After two weeks of rebound, markets performed with a short reversal during the previous week. Equity markets both in the EU and US finished the week lower from the week before. Similar situation was also with the crypto market. The only gainer during the week was USDollar. Bitcoin is ending the week below $22K, Ether modestly reverted to...