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Articles by CryptoVizArt

When Will the Bitcoin Correction End and is $60K Possible? (BTC Price Analysis)

3 days ago

Bitcoin’s price has failed to make a new all-time high and is currently going through a correction. Yet, the bull market might still be far from over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has failed to hold above the $66K level and is currently going through a correction. This is not a good sign, as the cryptocurrency recently broke above a large descending channel but has struggled to continue higher, making it a fake breakout.
The RSI has also dropped below 50%, indicating that the momentum is bearish once more. It seems that a decline toward the $60K support zone is probable at the moment.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, things seem a little better. The price has been consolidating inside a

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Can Ethereum Initiate a Bullish Recovery Toward $4K Soon? (ETH Price Analysis)

4 days ago

Ethereum’s rally has come to a halt, as the price has failed to continue above the $4,000 level once more. However, not all hopes for a new bull run are lost just yet.
Technical Analysis
By TradingRage
The Daily Chart
The price has been decreasing in the last two weeks based on the daily timeframe of the ETH/USDT chart. This short-term downtrend has begun since the cryptocurrency has been rejected from the $4,000 resistance level once again.
Currently, the $3,500 level provides support and prevents the market from dropping lower. A bearish breakout could result in a further decline toward $3,000 and the 200-day moving average located around the same area. This would be a key area, as a drop lower could cause a shift in the overall trend.
Source: TradingViewThe 4-Hour

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Is the Worst Over for DOT or More Pain to Come? (Polkadot Price Analysis)

5 days ago

Polkadot’s price has been consolidating sideways near the critical resistance region around the $6.5 threshold. A slight bullish reversal might occur in the short term due to the potential heightened demand near this pivotal level.
Technical Analysis
By Shayan
The Daily Chart
The daily chart shows Polkadot’s bearish momentum faded after reaching the substantial support region of $6.5, an important level in recent months. This pivotal support is accompanied by substantial demand, which could potentially overcome the ongoing supply.
However, the price is trapped within a critical and decisive range, bounded by the $6.5 support and a multi-month dynamic descending trendline. As the range narrows, an imminent breakout will likely determine the price’s next move in the short

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BTC Bears Set Sights on $60K But Fundamentals Remain Promising (Bitcoin Price Analysis)

8 days ago

Bitcoin’s price has failed to keep up its upward momentum and has yet to set a new record high above the $75K level. Given the current price action, even a deeper correction is probable.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price dropped below the $68K support level a few days ago. It has dropped back inside the large descending channel, making its recent breakout fake.
The $60K support level seems like a valid target for the upcoming weeks, and the 200-day moving average trending around the $56K mark can be the next target for the worst-case scenario.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, things seem more apparent. The price has been forming an ascending channel pattern around the $70K resistance zone.

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What Can We Expect from the Polkadot Price in the Near Future? (DOT Price Analysis)

9 days ago

Polkadot buyers were unable to surpass the critical resistance at $7.5, resulting in a significant 7% decline due to increased selling pressure.
The cryptocurrency has now reached a decisive support level, and the upcoming price action will be crucial in determining Polkadot’s future trend.
Technical Analysis
By Shayan
The Daily Chart
A detailed daily chart analysis reveals that Polkadot buyers failed to reclaim a key resistance zone over several weeks. This zone includes the 100-day moving average at $7.6 and the price range between the 0.5 ($7.4) and 0.618 ($7.8) Fibonacci levels. The resistance is accompanied by substantial supply, likely stemming from aggressive short positions in the perpetual markets.
This intensified selling activity led to a 7% plunge in Polkadot’s

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Is ETH on the Verge of Dropping Below $3.5K? This Pattern Hints at It (Ethereum Price Analysis)

9 days ago

After a brief consolidation near the critical $4K resistance level, Ethereum encountered increased selling pressure, leading to a decline. However, a significant support zone lies ahead, which may curb further downward movement.

By Shayan
The Daily Chart
A closer look at the daily chart shows that after a short period of consolidation near the pivotal $4K resistance, Ethereum faced heightened selling activity, resulting in a notable rejection. This indicates strong selling interest around the previous major swing high of $4K, highlighting aggressive short positions near this key level.
Nonetheless, there is a significant support zone ahead, including the 100-day moving average at $3,430 and the 0.5 Fibonacci retracement level at $3,419. This suggests that the current

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XRP Plummets Below $0.5 but Bulls Looking Eager to Recover (Ripple Price Analysis)

10 days ago

Following weeks of consolidation, Ripple’s price is finally showing signs of beginning a significant move. However, this is not good news, as the anticipated move seems to be bearish.
By TradingRage
The USDT Paired Chart
Against USDT, XRP has been consolidating inside a symmetrical triangle pattern over the last couple of months since dropping below the 200-day moving average.
On Friday, the market experienced a sudden drop. While the price has recovered more than half of its losses, the daily candle has closed below the triangle pattern.
With the RSI also dropping below 50%, the momentum is in favor of a bearish move, and a drop toward the $0.4 support zone would be highly probable if the $0.5 level breaks down.
Source: TradingViewThe BTC Paired Chart
The XRP/BTC pair

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Why Did the Bitcoin Price Crash Below $70K and is the Bleeding Over? (Bitcoin Price Analysis)

10 days ago

Bitcoin’s price has been having difficulty approaching its all-time high of $75K and is still consolidating.
On Friday, the cryptocurrency tanked below $70K, and if the current level supporting the price breaks down, an even deeper correction could be expected.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price has been hovering around the higher boundary of the large descending channel, failing to break it to the upside with momentum. The $69K support zone is currently holding BTC, preventing it from dropping back inside the channel and toward the $60K level.
If the market somehow breaks above the $72K resistance level, a rally toward the $75K record high and even further would be imminent.
Source: TradingViewThe 4-Hour Chart
Looking at

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Polkadot Can Target $10 Next, but Here’s the Catch (DOT Price Analysis)

12 days ago

Polkadot faces a significant challenge in reclaiming a decisive resistance region encompassing the $7.5 mark, the 100-day moving average, and critical Fibonacci levels. This resistance range can potentially halt upward pressure in the short term.
Technical Analysis
By Shayan
The Daily Chart
A comprehensive daily chart analysis highlights Polkadot’s prolonged struggle to breach a crucial resistance zone over several weeks. This resistance includes:
The static resistance level at $7.5
The 100-day moving average at $7.6
The price range between the 0.5 ($7.4) and 0.618 ($7.8) Fibonacci levels
This formidable range is likely accompanied by significant supply and selling pressure, capable of resisting buyers’ upward momentum. In the event of a rejection, the consolidation phase

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Hidden Details Pointing to a Potential ETH Price Rally to $4K: Ethereum Price Analysis

16 days ago

Ethereum’s price has spiked significantly following its ETF approval. However, the market is yet to break its recent high.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price broke above the large descending channel back in May. However, it has been consolidating between the $3,600 and $4,000 levels since, failing to continue its upward trajectory. Yet, with the Relative Strength Index still showing values above 50%, the momentum is seemingly in favor of a further continuation past the $4,000 resistance level and toward a new record high.
Source: TradingViewThe 4-Hour Chart
Meanwhile, on the 4-hour timeframe, the price action has been choppy over the past couple of weeks. The market has tested the $4,000 area a couple of times already but

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Calm Before the Storm: DOT Ready to Rally to $9? (Polkadot Price Analysis)

16 days ago

Polkadot’s price has been consolidating over the past couple of months, following a steep decline in early April. Yet, things might be changing for the better.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the cryptocurrency has been range-bound inside a rising wedge pattern. This is a classical bearish reversal or continuation pattern that would be validated if the price breaks it to the downside. Meanwhile, the market has also been hovering around the 200-day moving average, making gradual higher highs and lows.
Therefore there is also a considerable possibility for DOT to break the pattern to the upside and rally toward the $9 resistance level. Yet, everything depends on the direction of the breakout from the pattern.
Source: TradingViewThe

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Bears Seem in Control, Is DOT About to Drop Toward $6.5? (Polkadot Price Analysis)

21 days ago

A constant consolidation near the substantial resistance region of $7.4 indicates an ongoing battle between Polkadot buyers and sellers.
Nevertheless, the market is in a critical spot, with the upcoming price action shedding light on DOT’s future prospects.
Technical Analysis
By Shayan
The Daily Chart
A detailed examination of Polkadot’s daily chart reveals an uncertain market state, as the price has been hovering around a crucial resistance marked by the $7.4 level and the significant 100-day moving average. Additionally, the RSI indicator has been consolidating near the 50 threshold, signifying a balance between buyers and sellers in the market.
Currently, the market is in a decisive position, with participants expecting a short-term rejection towards the $6.5 threshold.

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This Support Level Will Determine If BTC Soars to New ATH or Falls to $60K: Bitcoin Price Analysis

21 days ago

Bitcoin’s price has yet to break out of the large descending channel and move toward a new record high, but a further rally is highly probable.
Still, BTC failed to overcome the psychological $70,000 line earlier this week decisively.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the asset has been rallying recently since a rebound from the lower boundary of the descending channel and the $60K support level.
Yet, the higher trendline of the channel has rejected the cryptocurrency, and the $68K support zone is currently being tested. If the level holds, it will only be a matter of time before bitcoin creates a new all-time high. On the other hand, a breakdown could cause a correction toward the $60K support level once again.
The 4-Hour Chart
Looking

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BTC Needs to Hold This Support Level Before Challenging the $73.8K ATH (Bitcoin Price Analysis)

25 days ago

Bitcoin’s price is on the verge of making a new all-time high after skyrocketing beyond the $70,000 line earlier this wee, and market participants are wondering how much further BTC will rally.
Yet, there is still one obstacle remaining as the asset has retraced below that level.

By TradingRage
The Daily Chart
On the daily chart, BTC has been rallying since its rebound from the $60K support level. It has recently been tested and rejected from the higher boundary of the large descending channel. Currently, the price is being supported by the $69K level.
If the line holds, bitcoin can once again rally toward the higher boundary of the channel and potentially higher toward the $75K resistance zone. However, the asset is quite uncertain at this point, with a few dips below

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After Surging by 25% to Multi-Week Highs, Where Is ETH Heading Next? (Ethereum Price Analysis)

25 days ago

Following a significant surge toward the $4K resistance level, Ethereum’s native token has encountered increased selling pressure, resulting in a slight consolidation.
The price is expected to fluctuate within a tight range and experience increased volatility before making its next significant move.

By Shayan
The Daily Chart
The daily chart shows that Ethereum experienced renewed demand and buying pressure near the critical $3K support level, which aligns with the 0.5 ($3,133) and 0.618 ($2,906) Fibonacci retracement levels. This buying momentum led to a notable upward move, with many short positions being liquidated as the price approached the substantial $4K resistance zone.
However, considerable supply near this pivotal area has increased sales pressure, causing

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Bitcoin Pushes Above $66K, is a New All-Time High in Sight? (BTC Price Analysis)

May 17, 2024

Bitcoin’s price is finally gaining some bullish momentum following almost two months of correction. It seems that the bulls are looking to paint a new record high in the coming weeks, but will they make it?
Technical Analysis
By TradingRage
The Daily Chart
Bitcoin’s daily price action has been showing an apparent corrective behavior. The cryptocurrency has been making lower highs and lows since dropping from $75K. The gradual decline inside a descending channel shows the market was in a corrective phase rather than a full-on bearish reversal.
Yet, the price has finally broken above the channel’s midline and is on its way to test the higher boundary of the pattern. In case of a bullish breakout above the descending channel, market participants can finally expect a rally

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ETH Bull Run Hopes Reignited as Bulls Test $3K Resistance (Ethereum Price Analysis)

May 16, 2024

Ethereum’s price has been on a gradual decline since mid-March and has yet to show any decisive sign of recovery.
Yet today’s price action is critical, as it can finally bring back some bullish momentum to the market.
Technical Analysis
By TradingRage
The Daily Chart
Looking at the daily timeframe, Ethereum’s price has been trending lower inside a large descending channel and is yet to break it to either side.
Meanwhile, the cryptocurrency is currently testing the midline of the range and the key $3,000 level. With the 200-day moving average located near the $2,800 support zone, the market seems more likely to rally higher toward the $3,600 resistance zone in the coming weeks.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart paints a more clear picture. Ethereum’s

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Calm Before the Storm? DOT Eyes This Level to Trigger Mass Liquidations (Polkadot Price Analysis)

May 11, 2024

Polkadot’s recent price action has been characterized by steady but uncertain movements within a defined range, highlighting a balance between buyers and sellers.
However, a decisive breakout from this range is imperative to determine its future trajectory.
Technical Analysis
By Shayan
The Daily Chart
On the daily chart, Polkadot has been trapped within a defined range, with the $6 support and the $7.5 resistance serving as significant boundaries. This sideways movement indicates a period of consolidation, during which buyers and sellers are evenly matched, leading to uncertainty about the cryptocurrency’s next move.
Although there was a bullish rebound towards the upper boundary of the range, which coincided with the 200-day moving average, selling pressure emerged,

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BTC Price Analysis: Bitcoin’s Consolidation About to End as Major Move Seems Imminent

May 11, 2024

Bitcoin’s price rally has come to a halt over the last couple of months as the market consolidates. Yet, things are about to change soon, either for the better or for the worse.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, it is evident that the Bitcoin price has been consolidating inside a large descending channel. The midline of the channel has recently rejected the price to the downside, and the market is testing the $60K level once again.
If this level breaks, there is a high probability for the channel also to break down, and the price will be more likely to experience a massive drop toward the $52K support zone.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, things seem much clearer. The price has recently tested the midline

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Is Polkadot Bound for a Massive Move Following Consolidation Around $7? (DOT Price Analysis)

May 8, 2024

Following a bounce from the lower boundary of the current price range at $6.4, Polkadot experienced a surge, reaching the upper threshold, coinciding with a significant resistance area. Consequently, a slight rejection is anticipated, with the price targeting the lower part of the range.
Technical Analysis
By Shayan
The Daily Chart
Upon close examination of the daily chart, Polkadot is observed to be moving sideways, oscillating between the notable support level of $6.4 and the crucial resistance at $7.4. This has left the market in a state of uncertainty regarding its future direction.
Recently, Polkadot found support near the lower boundary of the range at $6.4, prompting a bullish upswing. However, this momentum waned upon reaching the upper boundary at $7.4, which also

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Is the Ethereum Bull Market Back or is Another Dip Below $3K Imminent? (ETH Price Analysis)

May 4, 2024

Ethereum’s price is yet to continue its uptrend following a rejection from the $4,000 resistance level. But the bulls are now showing signs of strength, perhaps staging a more considerable recovery.
Technical Analysis
By TradingRage
The Daily Chart
As the daily chart depicts, Ethereum’s price has been making lower highs and lows inside a descending channel since failing to break above the $4,000 resistance level.
Yet, the cryptocurrency is climbing back above the $3,000 level and the midline of the channel. If the market successfully recovers back to these levels, a breakout above the channel and a continuation toward $4,000 and even higher prices can be expected.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart offers a much clearer picture of recent price action. The

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Bitcoin Explodes Above $63K as the Bulls Eye This Level Next (BTC Price Analysis)

May 4, 2024

Bitcoin’s price has been going through some major moves throughout the past couple of weeks. The bulls are fighting to reestablish their dominance, staging a convincing recovery above $60K. But will it last?
Technical Analysis
By TradingRage
The Daily Chart
The price has been oscillating inside a descending channel on the daily chart for the past couple of months. The channel was briefly broken to the downside a few days ago.
However, BTC quickly rebounded and climbed back inside the channel, making a fake bearish breakout. With the $60K level also turning into support, the price will likely target the $68K resistance level in the short term.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, it is evident that the price has quickly recovered from below the

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Are XRP Bulls Gearing up for a Rally Following Reclaim of $0.52? (Ripple Price Analysis)

May 3, 2024

Ripple’s price has been consolidating on against USDT and BTC, following a significant decline. Yet, things might be about to change for the better soon.
Technical Analysis
By TradingRage
The USDT Paired Chart
Against USDT, XRP has recently rebounded from the $0.4 support level and has also broken back above the $0.5 zone. Yet, the market is currently retesting the $0.5 level.
If it holds, the price will likely rally toward the $0.6 resistance zone and the 200-day moving average, located around the same price, soon. Yet, the RSI is showing values below 50%, indicating that the momentum is still bearish. A rise above 50% by the RSI could signal the beginning of a new rally.
Source: TradingViewThe BTC Paired Chart
Looking at the XRP/BTC chart’s daily timeframe, things are

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Polkadot Price Analysis: Has DOT Bottomed and is $9 the Next Target?

May 3, 2024

Polkadot’s price has been on the decline for a while now, since reversing to the downside in March, Yet, the market might recover soon.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, DOT’s price has been making lower highs and lows since being rejected from the $12 resistance level. The $9 mark has also been broken to the downside. The price is currently trading below the 200-day moving average, which is located around $7.2.
Yet, it is testing the moving average at the moment, following a rebound from the $6 support zone. If the market successfully climbs back above the 200-day MA, a recovery toward $9 would be expected in the coming weeks.
Source: TradingViewThe 4-Hour Chart
DOT’s 4-hour chart paints a zoomed-in picture of the recent price action.

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BTC Bull Run Paused Following the Crash to $57K or Healthy Correction? (Bitcoin Price Analysis)

May 1, 2024

Bitcoin’s price has been consolidating above $60K over the last few months. Yet, the price has broken below the level today, and investors are in a state of panic, wondering if the bull market is over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has created a large descending channel pattern since March. Yet, it has broken it to the downside, and the cryptocurrency is aggressively dropping toward the $52K support level.
The 200-day moving average is also trending around the $50K mark and could be Bitcoin’s last resort in case of a deeper decline. Either way, if the market drops below these levels, the downward pressure would intensify.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, the price was rejected from the

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Polkadot Price Analysis: DOT Tumbles 7% Weekly but the Bulls May Be Staging a Comeback

May 1, 2024

Polkadot’s price has been dropping rapidly over the last couple of months and is yet to show any sign of slowing down. However, the cryptocurrency might soon begin a bullish rebound.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been on an aggressive decline since a rejection from the $12 resistance level. The market has also broken below the bullish trendline that has been formed since October 2023.
The 200-day moving average, located around the $7 mark has also been broken down, with the price seemingly targeting the $4 support zone.
With the Relative Strength Index also showing values below 50%, the momentum is in favor of a further bearish continuation.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart paints a much more clear

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As Ripple v. SEC Trial Rages on, the XRP Price Continues Crashing: How Low Can it Go?

April 30, 2024

After experiencing a significant plummet, Ripple broke below its multi-month ascending trendline and retraced toward the breached level, completing a pullback.
This price action suggests a bearish sentiment in the market, potentially leading to a continuation of the downward retracement.

By Shayan
The Daily Chart
Upon thoroughly examining the daily chart, it’s apparent that XRP underwent a substantial decline below the multi-month ascending trendline, subsequently moving toward the $0.45 threshold. However, buyers stepped in, initiating a bullish rebound towards the previously breached ascending trendline at $0.56 and the 100 and 200-day MAs around $0.59, thereby completing a pullback.
Despite this temporary rebound, the price action indicates a bearish sentiment in the

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XRP Bull Run Nowhere to Be Seen as Bears Eye $0.5 Next: Ripple Price Analysis

April 27, 2024

Ripple’s price has yet to show a sign of recovery and is continuing its overall bearish trend. If things are to change, the price should soon begin its recovery, as the market is in a critical area.
Technical Analysis
By TradingRage
The USDT Paired Chart
Against USDT, XRP has dropped aggressively below the 200-day moving average around the $0.6 level and has yet to climb above. However, the $0.5 support zone has held the price, and the market is consolidating above it.
If the price breaks above the 200-day moving average, investors can be hopeful that a bullish trend will finally begin. On the other hand, a breakdown of the $0.5 level can aggravate the bearish trend, and the market could decline to much lower values.
Source: TradingViewThe BTC Paired Chart
Looking at the

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Is Polkadot Primed for a Major Move Following Extended Consolidation? (DOT Price Analysis)

April 26, 2024

Polkadot has been undergoing a prolonged corrective consolidation around the critical $6.5 support level, with the price retracing slightly toward the 100-day moving average.
However, the short-term expectation is to continue this corrective consolidation phase.
Polkadot Price Analysis: Technicals
By Shayan
The Daily Chart
A comprehensive analysis of the daily chart shows a swift rebound near the pivotal support level of $6.5, with the price exhibiting a minor bullish retracement. This suggests a lack of significant market activity and momentum, indicating a cooling down in the futures market.
Nonetheless, the price remains within a crucial price range, bordered by the significant resistance zone of the 100-day moving average at $8.1, aligned with the 0.382 Fibonacci

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Polkadot Price Analysis: DOT Consolidates in Critical Area as Bulls Eye $9 Push

April 24, 2024

Polkadot’s recent price movement has seen it finding support from the crucial 200-day moving average, prompting a bullish retracement. However, despite this upward trajectory, the cryptocurrency faces several critical resistance levels ahead, casting doubt on the sustainability of the bullish retracement.
Technical Analysis
By Shayan
The Daily Chart
A thorough daily chart analysis reveals a modest bullish reversal near the key 200-day moving average of $7, following a quick decline in Polkadot’s price. However, the lack of substantial bullish momentum raises questions about the longevity of the recent action.
Additionally, significant resistance lies ahead. Notably, the 100-day moving average at $8.1 aligned with the 0.382 Fibonacci retracement level ($8), potentially

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