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Crypto Price Analysis September-23: Ethereum, Ripple, Cardano, Solana, and Binance Coin

13 days ago

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin.

Ethereum (ETH)
Despite the bullish fundamentals of Ethereum’s merge, the price of the second largest cryptocurrency has continued its downtrend and registered a 10% loss in the past seven days. At the time of this post, ETH managed to find some support at $1,250, but this level remains fragile.
The resistance is not far away at $1,400, and bears will likely come in strong if the price manages to rally to that level. Unfortunately for the bulls, the buy volume is just not there to push the price higher. With the weekend around the corner, the volume will likely drop further, and it’s likely that we will have to wait for Monday for any significant volatility.
Looking ahead, ETH seems

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ADA Recovers 5% on Vasil Hard Fork Day, Is $0.5 Next? (Cardano Price Analysis)

14 days ago

ADA managed to stop the downtrend, and the bulls pushed the price higher on the day that the protocol will see its Vasil upgrade go live.
Key Support levels: $0.43, $0.38   
Key Resistance levels: $0.50, $0.56 
Buyers came in strong today and managed to turn the price action around above the key support at $0.43. If this bullish momentum continues, then ADA could increase towards $0.5, which is the current resistance. This would also be a sign that the downtrend is reversing.
Chart by TradingViewTechnical Indicators
Trading Volume: Volume picked up yesterday and closed in red, but today, this was quickly reversed, and buyers have the upper hand.
RSI: The daily RSI is approaching 50 points. If buyers manage to push it above, then the momentum may reverse in their favor.

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Crypto Price Analysis August-19: Ethereum, Ripple, Cardano, Binance Coin, and Dogecoin

August 19, 2022

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Dogecoin.

Ethereum (ETH)
This past week Ethereum broke below its uptrend, which was a major bearish signal, and lost 9.4% in the process. Moreover, today, the bears dominated the charts, and Ethereum lost almost 8.5% of its valuation in less than an hour when the market suddenly crashed.
At the time of this post, bulls have managed to stop the downtrend at the $1,700 support level, but bears remain in control of the price action and may take the cryptocurrency even lower, towards $1,500. The resistance is at $2,000.
Looking ahead, it appears that the uptrend from July and August has ended, and Ethereum is entering a significant correction. This could also continue for a while, especially

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DOGE Jumps 17% Today, Here’s the Next Critical Target (Dogecoin Price Analysis)

August 16, 2022

DOGE did not disappoint in August with a 40% rally since the start of the month. The buyers managed to bring the price just under a key resistance which may put some breaks on this rally.
Key Support levels: $0.076
Key Resistance levels: $0.09, $0.11
DOGE’s price exploded by 17% today and has hit the key resistance at $0.09. This is the upper limit of a large descending triangle that has been forming since the all-time high in May 2021. If the bulls manage to break above this triangle, then the next target will be found at $0.11. The support is at $0.076.
Chart by TradingViewTechnical Indicators
Trading Volume: Strong buy volume has taken DOGE much higher today. The big question is if buyers will be able to sustain this momentum.
RSI: The daily RSI is in the overbought

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SOL With Another Attempt at $44, Will The Bulls Finally Make It? (Solana Price Analysis)

August 11, 2022

After two failed attempts to break above the $44 level, Solana is back at it again.
Key Support levels: $40, $35 
Key Resistance levels: $44, $59
The bulls are seemingly very eager to push the price higher. The cryptocurrency rallied above the $4 key resistance level today but is now falling back down. If the buyers fail to sustain the momentum, then this might result in the third failed attempt at breaking this important level. The key support, meanwhile, is found at $40.
Chart by TradingViewTechnical Indicators
Trading Volume: A relatively good buy volume has taken SOL higher, but it seems that buyers struggle to maintain their momentum at the time of this post.
RSI: The daily RSI remains above 50 points. As long as it stays above this level, then the cryptocurrency has

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ADA Rallied 7% on Positive Inflation Numbers, Here’s the Key Resistance (Cardano Price Analysis)

August 10, 2022

Cardano managed to rally by 7% together with the rest of the market once CPI figures showed inflation slowed in the US.
Key Support levels: $0.50, $0.45 
Key Resistance levels: $0.55, $0.66 
US inflation decreased in July to 8.5% compared to 9.1% in June. The market quickly rebounded as soon as these figures were published today. ADA’s price was also quick to react with a 7% rally on the daily chart. Now, the price is again approaching the key resistance at $0.55, and support still holds at $0.50.
Chart by TradingViewTechnical Indicators
Trading Volume: The buying volume today is strong, but the big question is if they can sustain it over the coming days.
RSI: The daily RSI managed to stay above 50 points, placing it on the bullish side. As long as this is maintained, ADA

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ADA Price Analysis: Cardano at Critical Support, is $0.40 In Sight?

May 24, 2022

ADA failed to sustain a rally and break the key resistance. Now, the price is dangerously close to a critical support.
Key Support levels: $0.50, $0.40 
Key Resistance levels: $0.60, $0.75
ADA attempted to rally yesterday, but the price was quickly pushed back to the key support at $0.50. Should this critical level fall, then the cryptocurrency could go all the way down to $0.40. The important resistance sits at $0.60, and Cardano only managed to test this level once when it was sharply rejected.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is absent. There is simply no momentum behind the price action, and the best ADA could do is move sideways. This is a sign of weakness in the market.
RSI: The daily RSI made a higher low and higher high, but

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Shiba Inu Price Analysis: After Losing 25% Monthly, SHIB Could Drop Much Lower

May 8, 2022

After failing to maintain the critical support level, Shiba Inu’s native token crashed and is on a path to setting a new local low.
Key Support level: $0.000017
Key Resistance level: $0.000020
The support at $0.000020 turned into solid resistance on Saturday and today’s price action confirmed the breakdown with another daily red candle. The next key support is found at $0.000017 and SHIB, heading there, could find a temp relief upon reaching the support level.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume decreased as the price dropped. Generally, this is a bullish signal, but considering the overall bearish market conditions, it is better to wait for a reversal confirmation.
RSI: The daily RSI is quickly approaching the oversold area again (under 30

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Dogecoin Volatility with 40% Surge and Retracement, Where to Next? (DOGE Price Analysis)

April 27, 2022

Dogecoin rallied 40% this week when the news that Elon Musk has bought Twitter was confirmed. Elon hinted in the past that Twitter could use Dogecoin for payments.
Key Support levels: $0.125, $0.11
Key Resistance levels: $0.15, $0.19
DOGE was an outlier on Monday, exploding in price and increasing by 40% before bears took over the price action. Since then, the cryptocurrency has fallen back into a range between $0.125 support and $0.15 resistance. This indicates a flat trend.
Buyers could not sustain such a rally, particularly when most of the market remains bearish. Therefore, a new push will be needed to break this range.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume exploded similar to the price, but the excitement was short-lived. Since Monday,

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Shiba Inu Price Analysis: SHIB Fails to Breakoutout of Consolidation Range

April 19, 2022

Despite the listing on Robinhood, SHIB has lost most of its recent gains.
Key Support level: $0.000023
Key Resistance level: $0.000028
The rally last week, which was following the news, could not hold SHIB’s price above the key resistance at $0.000028.
Since then, SHIB has dropped back toward the critical support at $0.000023, where it found a local bottom. However, the overall price action is turning bearish despite some attempts from buyers to change this.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume of the past days was low, without sufficient momentum to push SHIB away from its current range.
RSI: The daily RSI remains around the 50 points level, but this can quickly change if SHIB breaks below the critical support.
MACD: The daily MACD did a

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ADA Price Analysis: Cardano Opens Monday in Red, What’s the Next Support if $0.90 Fails?

April 18, 2022

Key Support levels: $0.90, $0.79 
Key Resistance levels: $1, $1.2
This Monday saw the market open in red, and ADA dropped 5% in a few hours. The support at $0.90 is struggling to prevent the cryptocurrency from falling lower but will likely fail if the selling pressure continues. Should that happen, ADA has good support at $0.79. The resistance at $1 is unlikely to be tested considering the current price action.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume picked up on this latest drop after a flat price action over the weekend. This is bad news for bulls and shows the sellers are serious.
RSI: The daily RSI made a lower high and may make a lower low again which would place the trend firmly on the bearish side.
MACD: The daily MACD remains bearish,,

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Ripple Price Analysis: XRP Sees a Green Week, Against the Trend

April 17, 2022

XRP had a great end of the week, unlike the current sentiment of the crypto markets.
Key Support level: $0.70, $0.58
Key Resistance levels: $0.85
XRP recovered well after touching the key support at $0.70 and rallied 10% on Friday. As usual, the current weekend sees almost no volume and not much price action. The next key resistance lies at $0.85 and could be tested soon if XRP opens the new week in green.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is low as of now, but XRP had seen a massive spike on Friday. Could this continue on Monday?
RSI: The daily RSI remains around 50 points and has not yet formed a clear trend. Price has to continue up to turn this flat trend into a sustained rally.
MACD: The daily MACD could turn bullish tomorrow if XRP

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Shiba Inu Price Analysis: Following the Robinhood News, Here’s The Next Target for SHIB

April 16, 2022

Key Support level: $0.000023
Key Resistance levels: $0.000028
SHIB went through a massive spike once the news of it being listed on Robinhood broke out. Despite the 35% surge, the cryptocurrency quickly returned under the key resistance at $0.000028, failing to convert this news into a sustained rally. The support at $0.000023 continues to hold since March.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume exploded last Tuesday as the news broke out but could not be sustained. The initial hype faded, and now the price is back to its usual levels.
RSI: The daily RSI continues to hover around its mid-level point at 50. This indicates a flat trend without much direction, despite a sharp attempt by buyers to take Shiba higher.
MACD: The daily MACD did a

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Cardano Eyes Its Next Major Move As Volume Decreasing: ADA Price Analysis

April 16, 2022

Cardano’s native token, ADA, found support just under the $1 mark but so far failed to create bullish momentum to reclaim back above it, but the next price move is imminent.
Key Support levels: $0.91, $0.79 
Key Resistance levels: $1, $1.2
ADA found support on top of the $0.91 level after the price broke below $1. Since breaking below the milestone level, it had turned into key resistance. Because bears did not manage to push ADA much lower, bulls may take advantage of this to take ADA back on the uptrend to reclaim the $1 level.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is dropping, indicating a significant move coming soon. Considering it is a weekend as of writing this, it’s expected to occur around the start of the new week.
RSI: The daily RSI

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ADA Price Analysis: Cardano Attempts to Break Above $1.2, How High Can It Go?

April 4, 2022

Key Support levels: $1, $0.78 
Key Resistance levels: $1.2, $1.6
ADA’s bullish momentum continues with the price challenging the $1.2 resistance. The following major resistance after that would be at $1.6. The support at $1 seems less likely to be retested as $1.2 will turn into support if this price action is maintained.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is not great. Therefore, the strength of this push may come into question if it doesn’t pick up.
RSI: The daily RSI is quickly moving into the overbought area (>70 points). The RSI has to make a higher high to signal confidence in the current run.
MACD: The daily MACD is bullish and is curving back up again. This is good news, but the bulls have to maintain the buying pressure.
Chart by

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ADA Price Analysis: Cardano Hits $1.2 Resistance, What’s Next?

March 30, 2022

Key Support levels: $1, $0.78 
Key Resistance levels: $1.2, $1.6
ADA’s bullish momentum took it all the way to $1.2, which was the main target for this rally. At the time of this writing, it seems unlikely for ADA to break above this level, and a short pullback might be in the cards. The major support is found at $1, but ADA may not fall that low if buyers remain interested.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is decreasing, and this supports the case for a short pullback as bulls may need to consolidate following the recent rally.
RSI: The daily RSI has reached the oversold area at over 70 points and is now curving down. A correction is likely.
MACD: The daily MACD is bullish, but the histogram is making lower highs. This is a clear sign of

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Cardano Price Analysis: All Eyes on $1 as ADA Explodes 8% Daily

March 22, 2022

Key Support levels: $0.78, $0.68
Key Resistance levels: $1, $1.2
After successfully testing the $0.78 level as support, ADA’s price quickly moved higher and is now approaching the key resistance at $1, which will be a significant test for buyers. The indicators are also turning quite bullish on this most recent price action, but volume continues to be lacking.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume remains flat so far. This is not ideal, but all eyes are on the key resistance at $1, which will be decisive in where ADA is headed next.
RSI: The daily RSI is bullish and moving higher towards the overbought area. If the cryptocurrency is rejected at the key resistance, then the RSI may fall before passing 70 points.
MACD: The daily MACD moving

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Ripple Price Analysis: $0.7 Support Holds, is XRP Relief Rally Underway?

March 7, 2022

Key Support level: $0.70, $0.58
Key Resistance levels: $0.86
XRP’s price managed to hold well above the key support at $0.70, and now the lower timeframes such as 4-hours are turning bullish, which can lead to a short relief rally. It is unlikely for the price to reach the key resistance at $0.86, but this is a good sign for bulls.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume remains low, so it’s best to be careful during any relief rally as it may trap buyers.
RSI: The daily RSI remains flat, but it is now trying to curve back up. If the price continues up, the RSI could make a higher high, but that seems ambitious at this time.
MACD: The daily MACD is bearish. The histogram is making higher lows which is encouraging, but further confirmation is

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Ethereum Price Analysis: ETH Facing Critical Support Ahead of the New Week

March 6, 2022

ETH had seen a difficult weekend so far, unable to move away from the critical support at $2.5K. The overall crypto market sentiment is slightly bearish after Bitcoin got sharply rejected below $40K.
Key Support levels: $2,560, $2,330
Key Resistance levels: $2,800, $3,000
Since ETH got rejected at the $3,000 resistance level, the price quickly dropped towards the key support at $2.5K. The latter was the daily low in the past three days – Friday, Saturday, and Sunday.
So far the key support level held well and buyers managed to step in and prevent a further drop. However, in case of a breakdown, we can expect ETH to quickly reach the next major support at $2.3K, which is February’s low.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume almost disappeared

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Cardano Price Analysis: ADA at Decision Point, Huge Move Incoming?

March 6, 2022

ADA’s price had found solid support upon the critical level at $0.84 and was managed to hold it for the past several days, also unable to move higher. This consolidation is likely to end sooner or later with a huge move.
Key Support levels: $0.84, $0.68
Key Resistance levels: $1, $1.1
As seen on the chart below, after getting rejected last week trying to break above the $1 key resistance level, ADA’s price quickly retraced down to retest the $0.84 mark. If buyers cannot push the price higher soon, then sellers may take the opportunity and break below the key support level, targeting the next major support at $0.68.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume was very low over the past two days. Watch the price action and volume closely on Monday, as

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Ripple Price Analysis: XRP Riddled with Indecision as Push to $0.86 Less Likely

March 3, 2022

Key Support level: $0.70, $0.58
Key Resistance levels: $0.86
XRP’s price found good support at $0.70, where buyers managed to hold the selloff from the previous week. Since then, it has stayed above this level but failed to rally much higher, with the key resistance at $0.86 being well-defended by bears. For this reason, XRP continued to move sideways in a flat trend.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is decreasing, which is not encouraging in case XRP’s price wants to go higher. It shows weakness.
RSI: The daily RSI remains flat, around 50 points. During such moments, it is best to wait until a clear direction is confirmed.
MACD: The daily MACD is really close to making a bullish crossover, but the momentum is not there yet.
Chart by

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Ethereum Price Analysis: ETH Attempts a Move Above $3K But is a Pullback Inbound?

March 2, 2022

Key Support levels: $2,500, $2,300
Key Resistance levels: $3,000, $3,400
After a rally in which ETH increased by almost 18% in two days, the resistance at $3,000 has put a brake on this momentum. The price failed to move higher and may enter a short pullback towards $2,800 or $2,500 which should act as support.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume has been falling during this most recent rally, which puts some doubt on a potential continuation.
RSI: The daily RSI is at 55 points but now is curving back down. Should ETH fail to break the key resistance, then the RSI will confirm a lower high, which is a bearish indicator.
MACD: The daily MACD is bullish, and should ETH suffer a mild correction, this will likely not be sufficient to change the

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Cardano Price Analysis: ADA Facing Critical Resistance Following 7% Weekly Gains

March 2, 2022

Key Support levels: $0.85
Key Resistance levels: $1, $1.1
ADA appears to be consolidating in a tight range between the $1 resistance and $0.85 support. While the indicators are turning bullish, the price action lacks momentum to take the cryptocurrency higher at the time of this post. Nevertheless, buyers may try to break above $1 again soon.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume remains healthy, but appears insufficient to take ADA above $1 at this time.
RSI: The daily RSI has failed to move above 50 points and if ADA’s price cannot go above $1, then the RSI would confirm a lower high which could lead to a more significant pullback.
MACD: The daily MACD turned bullish yesterday. This is encouraging, but the momentum in the past month has been

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Ripple Price Analysis: XRP Breaks Above Critical Support, What’s the Next Target?

March 1, 2022

Key Support level: $0.70, $0.58
Key Resistance levels: $0.86
After a strong bounce, XRP managed to get back above the key support at $0.70. This is a good sign and shows buyers are keen to scoop the cryptocurrency at a discount. Now, XRP seems keen to move higher again. If buy pressure increases, it could reach the resistance at $0.86.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is quickly falling. This could be a sign that buyers are getting exhausted. For now, the key support has held well.
RSI: The daily RSI is moving higher with higher lows – this is a bullish signal.
MACD: The daily MACD is bearish but is now quickly approaching a possible crossover to the positive side. If the current momentum maintains, XRP may reach the key resistance soon.

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Ethereum Price Analysis: ETH Facing Critical Resistance, Breakout and $3000 Imminent?

February 27, 2022

After wicking down towards $2300, ETH turned short-term bullish as the uncertainty around the Russia – Ukraine conflict faded. Both crypto and global markets soared over the past few days.
As of writing these lines, ETH is testing the key resistance level at $2800.
Key Support levels: $2500, $2300.
Key Resistance levels: $2800, $3000.
ETH will look forward to breaking above the $2800 key level and turning it into support in the near term. If successful, ETH will likely head even higher: the next levels to watch are $3,000 and $3,400.
However, we need to keep in mind that today is Sunday (weekend), so the volume remains low, despite price moving higher. This warrants caution, and better to wait for the new week to start.
Chart by TradingViewTechnical Indicators
Trading

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Cardano Price Analysis: ADA Finds Support At Critical Level, Is $1 Retest Incoming?

February 27, 2022

Last Thursday, ADA plunged below key support; however, the Cardano native token was able to recover quickly. Since then, ADA saw a decent rebound with a long wick below the key support.
Key Support levels: $0.85
Key Resistance levels: $1, $1.1
In our most recent analysis, ADA wicked below the critical support at $0.85, but it managed to reclaim it and confirm this level as support since then. This is a textbook bullish price action, but the main question is if ADA can sustain above the critical support level.
Chart by TradingViewTechnical Indicators
Trading Volume: Strong volume following this most recent recovery. The big question now is if ADA can sustain it and push the price towards the next key resistance amid $1.
RSI: The daily RSI is moving higher and closing on 40

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Cardano Price Analysis: ADA Crashes 15% in a Day, Here’s the Next Support

February 24, 2022

Key Support levels: $0.68
Key Resistance levels: $0.85
ADA’s price lost the key support at $0.85 and is falling quickly. The level has now turned into resistance, and the cryptocurrency may fall all the way to $0.68 where buyers may attempt a reversal. The outlook is bearish and ADA is approaching oversold conditions.
Chart by TradingViewTechnical Indicators
Trading Volume: The large selling volume today has pushed the price much lower. An increasing volume during a decline is a bearish signal.
RSI: The daily RSI fell under 30 points and is now in the oversold territory. Price rarely stays in extreme positions for long, but at the time of this post, there is no sign of a possible reversal.
MACD: The daily MACD is bearish with sell pressure building up. ADA may fall much

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Ripple Price Analysis: XRP Bounces off $0.70 but is Recovery Inbound?

February 23, 2022

Key Support level: $0.70
Key Resistance levels: $0.75, $0.96
This latest drop in XRP turned the indicators bearish. However, the key support at $0.70 has held well, and now the price appears to recover. It’s important to see how far it can go before facing resistance. Key levels to watch include $0.75 and $0.96.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume during the last drop was high, but now buyers have come back in force, which pushed the price higher.
RSI: The daily RSI fell under 50 points and made a lower low. Ideally, the RSI should move above 50 points and try to make a higher low.
MACD: The daily MACD completed a bearish cross three days ago, and momentum favors sellers right now. The price may get rejected at $0.75 because of that.
Chart

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Luna Price Analysis: LUNA Surges 15% in a Day but Can Bulls Keep Going?

February 23, 2022

Key Support level: $48 
Key Resistance level: $64, $79
The positive market sentiment is well reflected by Luna’s price, which rallied after touching the key support at $48. The cryptocurrency has skyrocketed towards $60 and does not look ready to stop until the key resistance at $64. If Luna is able to move above that level, then the next resistance is found at $79.
Chart by TradingViewTechnical Indicators
Trading Volume: The buying volume in the past two days was good, and this supports the price increase. This is bullish.
RSI: The RSI is above 50 points and moves higher. It also managed to make a higher high which is another bullish indicator.
MACD: The daily MACD has turned around after some hesitation, as shown by the histogram. Momentum on the buy-side appears to

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Ethereum Price Analysis: ETH Collapses to $2.5K, Where to Next?

February 22, 2022

Key Support levels: $2,500, $2,200
Key Resistance levels: $2,800, $3,000
The correction appears to have ended, at least in the short term, with the price touching the key support at $2,500. Now there is a worthy attempt to go higher towards the key resistance at $2,800. After closing in red for six consecutive days, ETH may finally have a green one.
Chart by TradingViewTechnical Indicators
Trading Volume: Today’s volume is rather weak. If the reversal is to be trusted, then the volume has to go up too.
RSI: The daily RSI is curving up after making a lower low. The question is if the price can move above 50 points where it will face resistance.
MACD: The daily MACD histogram is showing a loss of momentum on the seller’s side. This is encouraging, and ETH may attempt a short

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