Sunday , December 22 2024
Home / Duo Nine (page 7)

Duo Nine



Articles by Duo Nine

Ripple (XRP) Price Prediction and Outlook for This Week

September 15, 2024

XRP performed well this week and closed with a 11% price increase.
Key Support levels: $0.54
Key Resistance levels: $0.68
1. Price Moves Higher
After firmly securing the 54 cents level as support, XRP rushed higher and almost reached 60 cents before a pull back followed. Buy momentum remains strong and could see the price move higher in the coming week.
Chart by TradingView2. Buyers Dominate
In the past week, buy volume exceeded any sell pressure in five out of seven days. This translated in a higher price and increased demand for this cryptocurrency. The current resistance around 60 cents will not be able to stop this buy pressure if it continues.

Chart by TradingView3. Daily MACD Bullish Cross
XRP also made a bullish cross on Friday which turned the momentum around.

Read More »

Cardano (ADA) Price Prediction and Overview for This Week

September 15, 2024

Cardano rallied earlier this week, but now the price has hit a key resistance.
Key Support levels: $0.31
Key Resistance levels: $0.37
1. Resistance Stops the Rally
Since September 7th, the price entered a rally that saw the price quickly move from the 31 cents support to the key resistance at 37 cents. Once Cardano’s price approached the key resistance, sellers returned and managed to turn around the price action into a corrective move.
Chart by TradingView2. Short-Term Momentum is Bearish
On lower timeframes, such as 12h or 4h, the momentum has turned bearish in the past two days. However, this may not last and see the price bounce back around 34 cents to have another try at breaking the key resistance.

Chart by TradingView3. Buyers Still Dominate on Weekly
If we switch

Read More »

XRP, SHIB, TRX Price Predictions for This Week

August 21, 2024

This week, XRP, SHIB, and TRX entered greed territory. TRON took the lead with an impressive 27% price increase.
Chart by TradingView1. TRON/USD
In a surprising turn, TRX is approaching its all-time high at 18 cents. This is a key target for the current rally, which has made the chart bullish. This latest push comes after a successful breakout above 15 cents, which is now a key support.
Chart by TradingViewTron is standing at $0.16 at press time.
2. XRP/USD
XRP started the week in green and is attempting to consolidate its most recent gains after finding good support at 54 cents. The current target for this move is 68 cents, and bulls have the upper hand at the time of this post.
Chart by TradingViewXRP is standing at $0.60 at press time.

3. SHIB/USD
SHIB has struggled

Read More »

Why is the Ripple (XRP) Price Up Today?

August 12, 2024

Despite an uneventful weekend, XRP started Monday in green.
Key Support levels: $0.54
Key Resistance levels: $0.68
1. Price Find Support
After a roller coaster volatility, XRP’s price finally found good support at 54 cents and it seems buyers are again interested in taking this cryptocurrency higher. If successful, the current target and resistance is found at 68 cents.
Chart by TradingView2. Buyers Return
If over the weekend buyers were absent, they appear to have returned today with the price rallying by 4% from the key support. If this buy volume continues, sentiment could soon turn bullish again to see XRP attempt a sustained rally.

Chart by TradingView3. Weekly MACD Remains Bullish
Even if the past few weeks were extremely volatile, the weekly MACD histogram made a

Read More »

Why is the Shiba Inu (SHIB) Price Down This Week?

July 31, 2024

SHIB fell by 5% on the weekly chart after bulls failed to control the price.
Key Support levels: $0.000014
Key Resistance levels: $0.000018
1. SHIB Remains Bearish
Despite a short attempt at breaking the key resistance at $0.000018, SHIB was quick to turn back and resume its downtrend. The current price action is bearish, and if nothing changes, bulls will likely only show up once the price reaches the support at $0.000014.
Chart by TradingView2. Sell Volume Dominates
Even if the overall volume is low, sellers still dominate the chart with multiple days closing in red. Buyers are simply absent and the price shows it. Hopefully they return at $0.000014.

Chart by TradingView3. MACD is Falling
Ever since late last week, the daily MACD is falling after a bearish cross.

Read More »

Why is the Shiba Inu (SHIB) Price Down Today?

July 3, 2024

This meme coin continues to suffer with no relief from buyers so far.
Key Support levels: $0.000014
Key Resistance levels: $0.000018
1. SHIB Remains Bearish
The price fell by almost 6% in the past week, and this correction shows no signs of ending. The current support is found at $0.000014, which could be the place where buyers become interested again. Until then, the bias remains bearish on this price action.
Chart by TradingView2. Sellers Dominate
Back in March, SHIB enjoyed tremendous buying pressure. This totally reversed in June, when sellers dominated for weeks at a time. Slowly but surely, the price reflected this as it made new lows. This trend may continue as long as buyers don’t make a stand to challenge the resistance at $0.000018.

Chart by TradingView3. MACD

Read More »

Crypto Price Analysis June-29: ETH, XRP, ADA, DOGE, and DOT

June 29, 2024

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

Ethereum (ETH)
Ethereum fell by 3% this week, and buyers appear to struggle to defend the key support at $3,500. So far, they have managed to prevent a breakdown. If sellers maintain the pressure, ETH could have a difficult week ahead.
The past five weekly candles closed with a lower low. This puts the second-largest cryptocurrency in a clear downtrend. To reverse this, ETH has to move above $3,700. That would also open the way to challenge the key resistance at $4,000.
Looking ahead, Ethereum’s price is found at a pivot point. Buyers must defend the support at all costs, otherwise ETH could quickly fall towards $3,000 next.
Chart by TradingViewRipple (XRP)
XRP appears to mirror ETH and

Read More »

Crypto Price Analysis June-15: ETH, XRP, ADA, DOGE, and DOT

June 15, 2024

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot.
Ethereum (ETH)
Ethereum lost its bullish momentum this week and closed it with a 4.4% loss. Sellers took over the price action and pushed this cryptocurrency to the key support at $3,500.
However, this pullback could turn out to be a normal retest, considering the massive breakout after the ETF confirmation. As long as buyers hold the price above $3,500, there is no reason to be too worried.
Looking ahead, this is the second time ETH has been rejected by the $4,000 resistance this year. Once this correction ends, a third attempt at breaking this key level could be successful. Moreover, the price continues to make higher lows on the weekly chart, which is bullish.
Chart by

Read More »

Why is the Shiba Inu (SHIB) Price Down Today?

June 11, 2024

Despite an attempt at making higher highs in early June, momentum has shifted in favour of sellers.
Key Support levels: $0.000018
Key Resistance levels: $0.000025  
1. SHIB Loses Key Level
Market participants were hoping SHIB can hold the $0.000025 level as a key support that can send the price to new highs. Unfortunately, this was short-lived. Sellers took back control of the price action and turned this level into a key resistance.
Chart by TradingView2. Bulls on the Defensive
With the $0.000025 level lost to sellers, bulls had no option but to retreat to the next key level at $0.000018 which is currently acting as support. The price action is also bearish and has been making lower lows in the past week.
Chart by TradingView3. Bearish Momentum Picking Up
June may have

Read More »

Crypto Price Analysis May-18: ETH, XRP, ADA, SHIB, and DOT

May 18, 2024

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot.

Ethereum (ETH)
Ethereum finally woke up this week after testing the support at $2,800 and closed with a 7% price increase. Nevertheless, ETH made a new yearly low against Bitcoin.
The resistance is at $3,350 and if this momentum continues, it could be tested by the bulls in the coming days. Ideally, Ethereum will break higher soon and return on an uptrend.
Looking ahead, ETH could be making a local bottom at this price level, and a relief rally may start after a long correction that began in early March.
Chart by TradingViewRipple (XRP)
Ripple continued to range in a channel and closed the week with a 4% price increase. Buyers appear keen to test the key resistance at 54 cents. If they

Read More »

Crypto Price Analysis May-03: ETH, XRP, ADA, SHIB, and DOT

May 3, 2024

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot.

Ethereum (ETH)
Ethereum broke under $3,000 and closes this week with a 5% loss. This latest crash in the price made a lower low which shows bears are still in control of the price action.
The current support is at $2,900 and buyers have to protect this level at all costs. If they fail, then the next major support will be found at $2,500.
Looking ahead, ETH was quickly rejected at the $3,350 resistance in late April. Since then, the price has been in a downtrend. The bias remains bearish, but hopefully May can bring better news for this cryptocurrency.
Chart by TradingViewRipple (XRP)
Ripple continues to move sideways and closes the week with a 1% loss. While this is not much,

Read More »

Crypto Price Analysis Apr-04: ETH, XRP, ADA, SHIB, and DOGE

April 4, 2024

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin.
Ethereum (ETH)
Ethereum is found in a difficult position. The price fell by 7% this week, and now all the pressure is on the key support at $3,350. If this level fails, then the price might retreat below $3,000.
The rally that started in October 2023 has finally found a local top at $4,000, which is a key resistance. For this reason, this correction is significant and may last for quite a bit.
Looking ahead, if ETH can’t stop sellers at the key support, then the price is likely to fall towards $2,800 next.
Chart by TradingViewRipple (XRP)
XRP also suffered this week, and its price fell by 7%. Buyers could not break above the 68 cents resistance, and the price tumbled soon after.
The

Read More »

Why is the Dogecoin (DOGE) Price Up Today?

April 1, 2024

Dogecoin appears to be ready to move higher, but the key resistance is still holding. Below is an analysis of a few technical indicators that might provide some insights into why DOGE’s price is up today.
Key Support levels: $0.13
Key Resistance levels: $0.21, $0.31
1. Pressure Building Up
Sellers appear to be defiant and are still holding the price under the key resistance at 21 cents. However, the pressure is building up under this key level, and it could soon break as buyers intensify their pressure.
Chart by TradingView2. Momentum Favors Bulls
Even if the bulls didn’t manage to break higher, momentum and volume favor them. In the past few days, buyers have dominated the chart, and there is no sign of this to change. The resistance at 21 cents could fall at any point if

Read More »

Why is the Solana (SOL) Price Up Today?

March 18, 2024

Solana broke above $200 as its rally appears unstoppable. In the following, we take a closer look at a few interesting technical indicators. They might provide some information as to why the price of SOL is up today.
Key Support levels: $163
Key Resistance levels: $259
1. Higher Highs on Volume
When the price rallies on higher volume – it is a very bullish signal. It shows strength, and Solana is currently singlehandedly dominating the crypto market. It also broke above $200.
Chart by TradingView2. All-Time High in Sight
Solana’s all-time high is $256. Considering the price is already above $200 at the time of this post, there is very little left to stop it from reaching that key resistance. If buyers break above that level, then SOL will enter price discovery.

Chart by

Read More »

Shiba Inu Price Analysis: SHIB Explodes 228% Weekly as Bulls Take Control

March 6, 2024

Shiba Inu is back in the spotlight with a massive rally.
Key Support levels: $0.0000025
Key Resistance levels: $0.000037
1. Massive Rally in Progress
SHIB’s buyers came in force in late February and took the price to levels not seen since 2022. Since then, SHIB’s price has increased by over 300%, which is an impressive achievement in such a short time — especially from a technical perspective.
The current resistance is at $0.000037, and if buyers continue pushing at this rate, it’s likely to not last.
Chart by TradingView2. Volume Explodes
The buy volume reached levels similar to those of the last bull market. This is impressive and shows that this bull market is now in full swing and much earlier than expected. Buyers do not show any signs of exhaustion at the time of

Read More »

Crypto Price Analysis Feb-9: ETH, XRP, ADA, SOL, and BNB

February 9, 2024

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

Ethereum (ETH)
Ethereum ended the week on a high note with a 9% price increase, making it one of the best performers on our list. In the process, ETH broke the resistance at $2,441 and turned it into support.
The current target of this rally is $2,506, which is the next key level on the chart. If the second-largest cryptocurrency breaks that level as well, then it has a clear path towards $2,700, which is the current high of this year.
Looking ahead, ETH turned bullish, and buyers are in control of the price action. This makes higher levels likely in the near future.
Chart by TradingViewRipple (XRP)
XRP appears to have bottomed, and the price is recovering after closing the week with

Read More »

Crypto Price Analysis Feb-2: ETH, XRP, ADA, SOL, and BNB

February 2, 2024

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

Ethereum (ETH)
Ethereum appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase.
The price action looks promising, and buyers are returning to the market. This optimism is also reflected in the daily MACD, which is making higher lows on the histogram.
Looking ahead, ETH is working its way back up and could soon approach $2,500, which is a key level to watch if this uptrend continues.
Chart by TradingViewRipple (XRP)
XRP had a difficult week, and the sell-off did not stop. For this reason, the price fell by 2.5% and does not give any signs this bearish momentum may change.
Moreover, the personal wallets of Ripple’s

Read More »

This is ADA’s Most Imminent Support to Watch This Week Following the 15% Crash (Cardano Price Analysis)

January 23, 2024

Cardano broke below major support as bears took over the market.
Key Support levels: $0.38
Key Resistance levels: $0.46, $0.60 
1. Key Support Lost
ADA lost the support at 46 cents, which has now turned into a key resistance. This is why the price fell by 9% today. Considering the current momentum, the cryptocurrency may make new lows before a recovery can be expected.
Chart by TradingView2. Sell Momentum Intensifies
This most recent drop took place on increasing volume, which is a bearish sign. It also shows sellers are in full control of the price action, and they may not be satisfied until they reach the key support at 38 cents.
Chart by TradingView3. RSI Almost Oversold
The daily RSI is approaching the oversold area at under 30 points. If ADA falls that low, then

Read More »

AVAX Skyrockets 50% Weekly, is $40 About to Fall? (Avalanche Price Analysis)

December 13, 2023

AVAX impressed with its rally this year and seems unstoppable.
Key Support levels: $31
Key Resistance levels: $41, $55
1. Price at a Critical Junction
AVAX recovered in full Monday’s crash when most of the market ended up in red. Since then, bulls took the price higher and is now found under the key resistance at $41. This spectacular performance made AVAX increase by 50% compared to seven days ago.
Chart by TradingView2. Momentum is Bullish
It seems unlikely that this rally will stop here, but to continue, the key resistance has to fall soon. So far, buyers remain very interested at these levels.
Chart by TradingView3. Unprecedented Volume
November and December saw AVAX reach buy volumes not seen since the last bull market. This explains its fantastic rally and places

Read More »

Crypto Price Analysis Dec-8: ETH, XRP, ADA, SOL, and BONK

December 8, 2023

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

Ethereum (ETH)
ETH’s price booked a 12% increase this past week after it was finally able to escape the ascending triangle that has been forming since 2022.
The breakout above $2,150 started this rally, which may not see any significant pullback until $2,500. That is the current target for this move. If buyers remain aggressive, they could aim to take Ethereum to $3,000 after that.
Looking ahead, the momentum is bullish, and ETH is showing signs it may recover some of the ground lost to Bitcoin in the past few weeks.
Chart by TradingViewRipple (XRP)
XRP is also bullish and managed to book a 5% increase this week. However, the resistance at 68 cents is still to be broken before this

Read More »

BNB Crashes 5% Weekly but How Low Can it Go? Three Things to Watch this Week (Binance Coin Price Analysis)

October 9, 2023

With buyers absent, BNB is struggling to hold above $200.
Key Support levels: $206, $180
Key Resistance levels: $220, $230
1. Indecision Continues
Binance Coin has not managed to move away from its key support just above $200. This is not ideal, as any new sell pressure could quickly test or even break this level. The price action also shows that sellers are having the upper hand right now.
Chart by TradingView.2. Indicators Lean Bearish
The volume and momentum indicators show weakness and are bearish on the daily timeframe. Generally speaking, volume was always higher on the sell side and this is reflected both on the RSI and OBV which remain low.
Chart by TradingView.3. MACD Bearish Cross
The daily MACD just did a bearish cross, further confirming that sellers appear to

Read More »

Crypto Price Analysis Sep-22: ETH, XRP, ADA, SOL, and BNB

September 22, 2023

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

Ethereum (ETH)
Since June, Ethereum has formed a large ascending triangle. However, yesterday, the price fell under this formation and closed the week with a 2% loss. This puts ETH in a difficult position as it signals this correction may just be starting.
There is good support at $1,440 and ETH may test this level before any sustained recover can be had. So far, the price action remains bearish and the resistance at $1,660 continues to hold strong.
Looking ahead, ETH is in a downtrend and this latest breakdown puts sellers in charge with little hope of a reversal at this time.
Chart by TradingView.Ripple (XRP)
XRP has been consolidating since mid-August and has closed the week with a

Read More »

What’s Next for SHIB Following 22% Weekly Disaster? 3 Things to Watch This Week (Shiba Inu Price Analysis)

August 21, 2023

SHIB bounced, but failed to move above the key resistance.
Key Support levels: $0.0000080, $0.0000070
Key Resistance levels: $0.0000085, $0.000010 
1. Rejection at Key Resistance
The price found support at $0.0000080 and tried to move higher but was quickly rejected once reaching the resistance at $0.0000085. Since then, the cryptocurrency fell back on the key support, which is now put under pressure again.
Chart by TradingView2. Sellers Dominate
In the past nine days, sellers managed to close eight daily candles in red. This shows that bears are dominating the chart right now, but in the past three days, the selling volume has been declining. This could be indicative that SHIB has reached a local bottom.
Chart by TradingView3. Bearish Bias Continues
While the intensity of

Read More »

Can SHIB Explode Higher? Here’s What You Need to Know (Shiba Inu Price Analysis)

August 2, 2023

Shiba Inu is in a clear uptrend, and momentum still favors bulls.
Key Support levels: $0.0000080
Key Resistance levels: $0.0000094  
1. Clear Higher Highs
The price has been making higher highs since late June, and SHIB has not stopped since. This puts the price in a clear uptrend which could take SHIB to the key resistance at $0.0000094.
However, in the process, this meme coin also appears to have formed a bearish wedge which could see the price break under it once the key resistance is hit.
Chart by TradingView2. Sustained Buy Volume
Despite regular pullbacks, buyers continue to dominate the chart. This is also represented in the price that has slowly moved higher every week. Buyers appear to rush in whenever SHIB breaches a key resistance pushing the price higher in a

Read More »

Crypto Price Analysis July-21: ETH, XRP, ADA, SOL, and MATIC

July 21, 2023

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polygon.
Ethereum (ETH)
Ethereum has shown indecision in the past week. This allowed sellers to take over the price action, which ended the week with a 5% loss. Despite this correction, the cryptocurrency remains above the key support at $1,820.
The current resistance is found at $2,000. ETH tried several times to turn this key level into support, but buyers were not strong enough, and the price fell under it every time.
Looking ahead, ETH seems likely to continue to range above the key support until the market forces push for a breakout. Considering that bears have the upper hand right now, do not exclude a possible test of the key support at $1,820.
Chart by TradingViewRipple (XRP)
XRP has managed

Read More »

Crypto Price Analysis July-14: ETH, XRP, ADA, BNB, and SOL

July 14, 2023

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

Ethereum (ETH)
The market turned bullish yesterday, and Ethereum broke above $2,000. This allowed it to book a respectable 7% price increase this week. The momentum is bullish, and continuation seems likely.
The current resistance is found at $2,120 and represents a local high achieved in April which is also the last time ETH broke above $2,000. A second attempt to break this key level could be successful if buyers manage to sustain and increase the momentum here.
Looking ahead, ETH’s price is expected to at least test the key resistance. If sellers won’t hold down the price there, then it could escape and move towards $2,500 next.
Chart by TradingViewRipple (XRP)
XRP has been the

Read More »

ADA Plummets 7% Weekly, Here’s How Low it Could Go (ADA Price Analysis)

June 19, 2023

With volatility declining, buyers may soon have an opportunity to stop the downtrend.
Key Support levels: $0.24
Key Resistance levels: $0.29
The weekly price for ADA shows a 7% loss. However, sellers appear to have lost interest since the crash on June 10th and have failed to take the price lower. With good support at 24 cents, bulls may have an opportunity to push ADA higher in the coming days.
Chart by TradingViewTrading Volume: The volume crashed in the past few days. It appears that sellers don’t have the strength to continue the downtrend right now. This provides an opportunity for a reversal.
RSI: The daily RSI is in the oversold area of under 30 points since June 9th. While this is bearish, it could also mean that ADA may soon leave this area to attempt a breakout.

Read More »

Analysis of This Week’s Worst Performers: LDO, ADA, APT, SOL, and MATIC

June 15, 2023

This week, we take a closer look at the worst performing altcoins with a market cap of over $1 billion: Lido, Cardano, Aptos, Solana, and Polygon.
Lido (LDO) | -24.8%
LDO is the worst performer on our list this week after falling by almost 25%. Buyers failed to sustain the uptrend and with the support at $2 lost, the price was quick to crash.
At the time of this post, the most significant support level is found at $1.4 and the resistance is at $1.8. Considering the market sentiment, the price is unlikely to change its current momentum which is bearish.
Looking ahead, Lido appears to continue its correction that started in February. With lower lows and lower highs, the bears have the upper hand and they may not stop their assault until the price reaches the key support

Read More »

Crypto Price Analysis Jun-9: XRP, ADA, BNB, SOL, and MATIC

June 9, 2023

This week, we take a closer look at Ripple, Cardano, Binance Coin, Solana, and Polygon.
Ripple (XRP)
Ripple continues to surprise the market with its strength, considering that in the past week, most altcoins ended up in red. More so, XRP has managed to close in green with a 2.6% increase in price, making it the best performer on our list today.
This resilience has taken the price just under the key resistance at 53 cents. Volatility also increased this week, and buyers already attempted to break higher but were pushed back by bears.
Looking ahead, XRP seems well-positioned to break the key resistance since the momentum is firmly on the buyer’s side. The indicators on the daily timeframe are also bullish, and another push higher could turn the 53 cents level into support.

Read More »

PEPE Price Analysis: This is What Needs to Happen for PEPE to Target Critical Resistance

May 29, 2023

PEPE continues to range as market participants are waiting for something to happen.
Key Support levels: $0.0000013, $0.0000011 
Key Resistance levels: $0.0000020
PEPE’s volatility is extremely low right now with the price unable to make any significant moves. It appears that both sellers and buyers are exhausted or absent from the market. PEPE has support at $0.0000013, and if broken the price could go to $0.0000011 next. The resistance is at $0.0000020, and so far, bulls failed to surpass it.
Chart by TradingViewTrading Volume: The volume almost disappeared from the chart. This has led to low volatility.
RSI: The daily RSI is somewhat flat but may turn bearish if bulls can’t sustain the price at the current support.
MACD: The daily MACD is bearish. However, considering

Read More »