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Michael Fasogbon

Articles by Michael Fasogbon

Bitcoin Cash Price Analysis: BCH Follows Suit With a Strong Move to $294

July 29, 2020

Following a steady recovery from $216, Bitcoin Cash pushed above the crucial $280 level with 25% gains in 7 days.
Against Bitcoin, the price continues to remain in a consolidation phase after three months decline.
BCH/USD: BCH Waiting After A Slight Breakout
Key Resistance Levels: $352, $409, $428
Key Support Levels: $280, $258, $245
BCH/USD. Source: TradingViewFollowing the massive surge in Bitcoin’s and Ethereum’s price, Bitcoin Cash has also seen decent growth over the past days now. BCH currently trades at around $290.
Bitcoin Cash started to show strength after pushing through $245 over the weekend with a nice break above the key supply area ($258 – $280), which suppressed bullish actions for the past four months. Considering this latest breakout to $298 (Bitstamp)

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Chainlink Price Analysis: LINK Follows ETH’s Surge With Another Shot at $8

July 23, 2020

Link resumed its bullish trend after breaking above a crucial resistance line.Buyers may continue the trend if the price increases above the current monthly high.LINK/USD: Link Starts Fresh Increase From $7Key Resistance Levels: $8.2, $8.6, $8.9Key Support Levels: $7.6, $7.3, $7Last week, Chainlink almost hit $9 after breaking above a four-month high with over 90% gain in two weeks. But unfortunately for the bulls, the price got rejected with a weekly correction to near $7 – where it bounced back yesterday.Looking at the bigger picture on the hourly chart, the cryptocurrency is looking bullish again after breaking through an important resistance line earlier today. It is now trading well above the $7.6 resistance-turned-support after seeing nice 6% gains overnight.Chainlink Price

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Chainlink Price Analysis: LINK Marines Hold Strong Support At $7.10 But Can They Push Higher?

July 21, 2020

Chainlink’s price decreased by 7% overnight.It may resume the uptrend if the previous monthly breakout level can hold as support.LINK/USD: Price Holding Above $7.1Key Resistance Levels: $7.83, $8.2, $8.9Key Support Levels: $7.11, $6.86, $5.7LINK/USD. Source: TradingViewEarlier this month, Chainlink saw an impressive 95% surge to reach $8.9 on July 16 after finally claiming the crucial $5 resistance-turned-support level that suppressed bullish actions in the weeks before. Today, however, LINK lost over 6.10% of its value to reach the current trading price of $7.33.Following yesterday’s breakdown of the rising trend line – which confirmed the weekly reversal – LINK could head to the support at $6.8 (last week’s low) in the next couple of days.A break below this support could cause more pain

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Chainlink Explodes To a New All-Time High: $10 Soon? (LINK Price Analysis)

July 15, 2020

Chainlink continues its bullish sentiment after seeing some correction on Monday. Current ATH around $9The price is likely to reach $10 in case the bullish momentum proceeds.LINK/USD: Chainlink Resumes The Buy PressureKey Resistance Levels: $8.9 – $9, $9.5, $10Key Support Levels: $7.83, $6.86, $5.7After climbing above $5 earlier this month, Chainlink saw an impressive 70% increase to reach over $8.9 earlier today. The price couldn’t hold there, and of writing these lines, LINK is trading around the $8.5 mark.Looking at the current price actions, the 8th largest cryptocurrency by market cap is regaining momentum after correcting to around $6.86 on Monday.However, buyers are still aiming to push the price towards $9 level. A daily close above $9 can be a bullish sign for

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Cardano Price Analysis: ADA Looks for Decision Around $0.13

July 14, 2020

Cardano found support slightly above $0.12 after losing 8% in two days.Despite the bearishness, it remained bullish on a short-term perspective.ADA/USD: Cardano Trapped Inside A Triangle Key Resistance Levels: $0.133, $0.14, $0.16Key Support Levels: $0.121, $0.11, $0.1ADA/USD. Source: TradingViewCardano’s price has dropped by almost 6% following the last 24-hours decrease in the entire crypto market. Despite the bearishness, it is still looking bullish on a short-term perspective as the price remains trapped inside a triangle pattern, as spotted in the above chart.The bullish action is likely to continue if the buyers can push the price back, especially above the triangle. But if the bears step up again, the price could break below the triangle to find solid support for a rebound.The key

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Tezos Price Analysis: XTZ Arrives To The Alt-Season Party After 22% 2-Day Surge

July 13, 2020

Tezos’s recovery is quickly approaching the March level of $3.3 after gaining almost 33% in 7 days.It has resumed a mid-term bullish trend following a break above a crucial resistance line across trading pairs.XTZ/USD: Tezos Charging Towards June ResistanceKey Resistance Levels: $3.3, $3.5, 3.9Key Support Levels: $2.85, $2.75, $2.69XTZ/USD. Source: TradingViewAfter the June 6 recovery from around $2.2, Tezos established support around $2.4 and continued to show strength over the past days. The price is now charging back towards $3.14, following a massive 15.61% increase over the past 24-hours.It is currently changing hands around $3.1 against the US Dollar. Following the recent break above the 4-week resistance line – marked white – Tezos is currently maintaining a strong bullish trend on

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Stellar Price Analysis: XLM Hits New Yearly High With 20% Daily Gains

July 9, 2020

Stellar jumped above a 12-month high following  21% daily gains.Against Bitcoin, it’s currently trading just below 1000 SAT.XLM/USD: Stellar Facing Channel’s Resistance Key Resistance Levels: $0.1, $0.135Key Support Levels: $0.0864, $0.077XLM/USD. Source: TradingViewStellar saw impressive growth over the past four days, with almost 33% gains since the beginning of the month. Meanwhile, it started to show positive signs after exhausting June’s bearishness at around $0.057, which is now holding as monthly support.Following the massive weekly recovery, the price hit $0.099, with about a 20% increase today. But considering the test at the upper boundary of the channel, it may pullback briefly to June’s high of $0.0864 level before resuming the uptrend.The bull’s target still lies at the $0.1

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Cardano Price Analysis: ADA Breaks Above 2019’s High Following 25% Daily Surge

July 8, 2020

ADA is now trading above 2019’s high following a 58% growth in 7 days.The price is now approaching the 1500 SAT level with strong bullish momentum.ADA/USD: Cardano Surges 28% After Crossing $0.1 Key Resistance Levels: $0.16, $0.2Key Support Levels: $0.11, $0.094ADA/USD. Source: TradingViewThe second half of the year is again looking promising for Cardano as it starts a new increase above the $0.094 level. In fact, the price is now trading above 2019’s high following a 58% growth in 7 days.Looking at this increase from mid-June’s correction level – $0.0623, where the recovery started from, Cardano has gained over 100% in the last 21 days.There’s no doubt that the 7th best-performing cryptocurrency by market cap has again turned bullish for a mid-term rally, but it may provide a small

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Dogecoin Price Analysis: DOGE Surges 20% in a Day, Trading at Its Highest Point Since Mid February

July 7, 2020

The price broke a crucial resistance line after seeing a month-long downward correction to around $0.002274.After gaining 20% in less than 24-hours, DOGE is currently trading at $0.027.DOGE/USD: Pulling Back After Insane RallyKey Resistance Levels: $0.0029, $0.0030, $0.0035Key Support Levels: $0.00269, $0.00259, $0.0025DOGE/USD. Source: TradingViewThe latest surge in the price of Doge Coin has drawn a lot of attention to a potential bull run with almost 20% increases over the past 24 hours. The massive gain was characterized by six bullish candles after rising above the $0.0023 level.However, the buyers reached an exhaustion point at $0.0029 level and briefly lost control to sellers at $0.0027 at the time of writing. DOGE is expected to resume its uptrend as soon as buyers regroup.But

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TRON Price Analysis: TRX Looking For More Gains After Surging 8% Today

July 6, 2020

The price jumped to $0.0178, following a 6% growth over the last 24-hours.Against Bitcoin, TRX broke out and slowly gained momentum after staying bearish for five months.TRX/USD: Tron Charges Back At March’s Resistance Key Resistance Levels: $0.0186, $0.0215, $0.023Key Support Levels: $0.0168, $0.0149, $0.014TRX/USD. Source: TradingViewAfter establishing a three-weeks low around $0.015, Tron bounced back and started to show signs of strength again. The increase became noticeable as it breached a very important resistance levelThis recovery was later followed by a push above $0.0168 and $0.0173 resistance levels to where it is now priced at $0.0178 against the US Dollar. The price is now approaching another crucial area at $0.0186 – the March resistance – which could send TRX quickly to

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Binance Coin Price Analysis: BNB Follows Bitcoin’s Downturn Despite 7-Days Recovery, Charts 3% Daily Loss

July 3, 2020

Binance Coin lost 3% over the past hours following a quick drop in Bitcoin’s price.The price continues to face rejection at a crucial resistance line after seven days of recovery.After the breakout, BNB consolidated and dropped back inside a demand zone of 0.0165 BTCBNB/USD: BNB Rejects At Resistance LineKey Resistance Levels: $16, $16.7, $18Key Support Levels: $15, $14.7, $13.6BNB/USD. Source: TradingViewBinance Coin decreased by 2.80% overnight following yesterday’s drop in Bitcoin’s price, although the pressure is a bit calm at the time of writing. It is now changing hands around $15.34 after the rejection around the yellow resistance ($16) line forming since June.Looking at the market structure, BNB is technically bearish on the current 4-hours chart, but it is still trading within a

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Cardano Price Analysis: ADA Surges 13% And Finally Conquers 1000 SAT

July 1, 2020

Cardano starts the monthly opening on a bullish foot with a total of 13% gains over the past hours.The price is increasing following a huge daily buying volume.Against Bitcoin, ADA surged above last month’s high after seeing 11.11% gains today.ADA/USD: Cardano Signals Fresh Increase Key Resistance Levels: $0.095, $0.97, $0.1Key Support Levels: $0.082, $0.075, $0.064ADA/USD. Source: TradingViewThe price of Cardano is up by 12.50% over the past hours due to the weekly recovery in the entire crypto space. It started to regain strength since it wicked at $0.064 in mid-July – where the green arrows started to form.Followed by a steady push (the second green arrow) from around $0.075 – a crucial demand area – the price is now breaking out from a triangle pattern, which suppressed buying pressure

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Chainlink Price Analysis: $5 Seems Less Likely As LINK’s Volume Fades

June 30, 2020

The price slowly recovers after finding small support around $4.27.The daily decrease in volume shows that bears may be around the corner.LINK/USD: Trading Volume Is Fading AwayKey Resistance Levels: $4.9, $5, $5.5Key Support Levels: $4.27, $3.9, $3.5LINK/USD. Source: TradingViewChainlink’s performance has been quite impressive during the second quarter of 2020. The bulls are still trying to remain in control of the market.Looking at the volume on the daily chart – which reveals a consistent decrease in liquidity flow for the past months – buyers appeared weak, and they may lose control soon. However, the trend still looks bullish as the price remains trapped in an ascending channel.A strong bearish momentum could be considered if the price drops off this channel. At the moment, Link

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Synthetix Network Token Price Analysis: DeFi Craze Slows Down As SNX Looks to Consolidate Around $1.8

June 29, 2020

After witnessing a five-days correction, SNX recovered almost 6% over the last 48-hours trading.Sellers may resume pressure if the price fails to increase above the previous resistance.The trend is still looking bullish in the short-term despite the five-day selling.SNX/USD: It Maintains Lower High Lower High PatternKey Resistance Levels: $1.83, $1.92, $1.964Key Support Levels: $1.61, $1.56, $1.44SNX/USD. Source: TradingVIewSynthetix Network Token has been under a correction since the price touched $1.964 last week. Following a lower low and lower high pattern, it is now trading around $1.8 level, where sellers are likely to step back into the market.As can be seen on the 4-hours chart, it is looking for support at the white ascending trend line that was forming since June 3rd. The

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Loopring Price Analysis: LRC Poised For More Gains Following 10% Daily Surge, DeFi Craze Continues

June 26, 2020

After a two-week correction, LRC recently found a bottom and bounced back with 10% gains under 24 hours.It may start a new bullish cycle if the weekly low continues to hold as support.LRC/USD:  Loopring Forming Bull Flag PatternKey Resistance Levels: $0.089, $0.95Key Support Levels: $0.72, $0.62LRC/USD. Source: TradingViewEarlier this year, Loopring started to gain momentum after dropping to around $0.02 in March. After witnessing a three-month surge to $0.1168 on June 10, the price corrected to $0.72 yesterday, but it is slowly bouncing back at the moment.It is technically following a bullish flag pattern on the daily chart. A continuation should be expected once the price breaks up this triangle.The reverse will be the case for Loopring if the price drops below the current daily low of

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Crypto.com Price Analysis: CRO Pulls Back 3% On The Day, Looking for Consolidation

June 25, 2020

The coin pulls back below $0.12 after increasing by 8% in a week.After a slight breakdown, sellers are now eyeing the 12000 SAT level.CRO remains bullish on the mid-term despite 4% drops overnight.CRO/USD: Price Consolidating After DropKey Resistance Levels: $0.1193, $0.126Key Support Levels: $0.113, $0.105CRO/USD. Source: TradingViewAfter breaking last week’s high at $0.1193, Crypto.com recorded a new high around $0.126 on Tuesday before the price dropped to where it’s currently changing hands near $0.113 support area – which may hold for a while before it breaks down or rebound.The price is currently down by 2%. Despite that, the bullish trend remains valid on a mid-term but it is important to note that the market appeared overbought on the daily chart.However, CRO is currently

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Bancor Price Analysis: BNT Surges 15% in 24 Hours Despite Bitcoin’s Latest Drop

June 24, 2020

Bancor regained momentum after rising above a two-week resistance with 42% gains in a week.It may pull back to the previous breakout level if buying volume starts to decrease.An increase above the current daily high may trigger more positive actions on a short-term perspective.BNT/USD: Bancor Trades Nicely Above $1Key Resistance Levels: $1.33, $1.5, $1.7Key Support Levels: $1.118, $1, $0.92BNT/USD. Source: TradingViewEarlier this year, Bancor traded as low as $0.17 due to insufficient trading volume in the market. But as of now, it’s already above $1 after rising by over tremendously over the past three months.Yesterday, the price broke above the $0.92 resistance-turned-support that suppressed bullish actions for over two weeks. The last 4-hour candle – evening star – suggests a small

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DigiByte Price Analysis: DGB Skyrockets 35% After Being Listed on Binance, What’s Next?

June 23, 2020

DigiByte increased by 35% following its listing on Binance.
The price is still trapped in a triangle pattern despite the latest surge.
The bullish sentiment remains valid across trading pairs.
DGB/USD: Digibyte Remains Trapped In a Triangle
Key Resistance Levels: $0.0244, $0.0267, $0.030
Key Support Levels: 0.0205, $0.016, $0.013
DGB/USD. Source: TradingVIewFollowing yesterday’s listing on the leading cryptocurrency exchange, Binance, the price of DigiByte increased by almost 35% to reach $0.0244, but it dropped a bit to where it’s currently trading around $0.0222. Still, the price is up by 23.4%.
Apart from the fundamental aspect of this surge, DGB is technically forming a triangle pattern on the daily chart to indicate a continuation of the past months’ bullish actions.
It’s also

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Matic Price Analysis: MATIC Plotting a Recovery Despite Slight 4% Daily Loss

June 22, 2020

Matic is trying to bounce back, but the buying volume is currently low.It is now holding a previous break level as support after losing almost 4% of its value overnight.The price is targeting $0.027 level in the next few days if Bitcoin continues to consolidate.MATIC/USD: Buyers Showing Interest After 3.12% DiscountKey Resistance Levels: $0.023, $0.025, $0.027Key Support Levels: $0.021, $0.020, $0.019MATIC/USD. Source: TradingVIewMatic is currently down by 3.12% overnight, but it is starting to show a bullish sign following the June 20 breakout above a three-week resistance line to reach $0.023. After pulling back to near $0.021, the price bounced back to where it’s trading around $0.0219 at the time of writing.On the current 4-hours chart, it appeared that buyers are stepping back into

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VeChain Price Analysis: Bull Run Paused as VET Continues to Stagnate Around $0.0085

June 19, 2020

After a slight weekly rebound, VET resumed selling pressure with 4% losses over the last 24-hours.A slip beneath the monthly low could cause more troubles for the 28th ranked crypto by market cap.The market is currently looking bearish on the hourly time frame.VET/USD: VeChain Trades At Crucial Support LineKey Resistance Levels: $0.0095, $0.0107, $0.011Key Support Levels: $0.0076, $0.0066, $0.0060VET/USD. Source: TradingVIewVeChain has lost a major chunk of its value over the last seven days after witnessing a short-term recovery to $0.0106. Despite the correction, the trend remains bullish on a higher time frame, but it is currently looking bearish on the lower time frame.Following the weekly bounce from $0.0076, VeChain’s price got rejected at $0.0095 and continued to drop to where it’s

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Locked and Loaded, ADA Bulls Looks For a Bounce Around $0.08. Cardano Price Analysis

June 18, 2020

Cardano is performing relatively well following a sharp bounce from $0.0637The bounce was followed by a break out from a two weeks resistance lineADA/USD: Cardano’s Price Rejects Near $0.085Key Resistance Levels: $0.0846, $0.088, $0.0917Key Support Levels: $0.074, $0.0688, $0.0631ADA/USD. Source: TradingViewCardano recently broke out from a two-week downtrend to reach $0.084 with small gains over the past hours. Тhe price has currently dropped to $0.815 after witnessing 0.30% losses. The current market structure shows that bulls might be looking to come back in the market.Following the current drops, ADA’s likely to find support at $0.08 – around the white trend line before bouncing back. As can be seen on the chart, the volume and volatility have been quite low for some days now.If

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XTZ Primed For a Breakout After Finding Support Around $2.45. Tezos Price Analysis

June 18, 2020

Tezos found a bottom around $2.45 after a steady two weeks decline.The overall market is starting to recover the loss with about 0.8%.Against Bitcoin, the price dropped back after a sharp rejection at 28000 SAT level, although it may resume buying short.XTZ/USD: Tezos Is Primed For RecoveryKey Resistance Levels: $2.68, $2.71, $2.75Key Support Levels: $2.58, $2.45, $2XTZ/USD. Source: TradingViewTezos appeared to have found a bottom around $2.45 on Monday following a two-week drop from around $3.14 earlier this month. This correction led to a breakdown from a 3-month rising line forming on the daily chart.Due to this latest bearish exhaustion, the price is now changing hands around $2.64, although it would need to breach the orange descending line on the 4-hours chart to validate a fresh

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Following 260% Surge In 3 Months, Crypto.com (CRO) Looks Ready For a Correction (Price Analysis & Overview)

June 17, 2020

CRO found support around $0.1, but it is still shaky to provide a strong rebound.It is now ranked 11th by market cap, following 260% growth in three months.Against Bitcoin, CRO buyers appear exhausted after five weeks of parabolic movements.CRO/USD: CRO Exhausting Bullish MomentumKey Resistance Levels: $0.1165, $0.1176, $0.1193Key Support Levels: $0.11, $0.105, $0.1CRO/USD. Source: TradingViewThe steady increase in CRO’s price has been quite impressive and significant, with about 260% gains over the last three months. After touching $0.1193 last week, the price dropped to near $0.1 and managed to bounce back to where it’s currently trading around $0.114.However, the daily move is likely to end soon, considering the last 12 days of decreasing volume. This signals a potential bearish

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Chainlink Price Analysis: LINK Gains 8% On The Day But It Might Be a Bull Trap

June 16, 2020

Chainlink broke down from a channel after reaching $4.9 during a three-month rally.Against Bitcoin, it started to form a symmetrical triangle pattern after recording a yearly high at 56739 SAT in March.LINK regained momentum with an 8% surge overnight.LINK/USD: Chainlink Dropped Off Short-Term ChannelKey Resistance Levels: $4.25, $4.5, $5Key Support Levels: $3.5, $3, $2.8LINK/USD. Source: TradingViewFollowing Bitcoin’s crash to $8900 yesterday, Chainlink’s price dropped by almost 5% to a daily low of $3.6. This low is around a crucial demand zone holding for the past two months. Although, the price has bounced back with 8% gains overnight.It is now trading slightly above $4 against the US Dollar. However, the massive breakdown from a three-month channel on June 11th suggests a strong

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Following Bitcoin’s Latest Plunge, XLM Loses 14% in Two Weeks. Stellar Price Analysis

June 15, 2020

A weekly close beneath $0.075 and the 3-month trend line suggest a strong correction.The price dropped by 8.5% following a weekly bearish close around $0.07.XLM/USD: Stellar Broke Below 3-Month Trend LineKey Resistance Levels: $0.0738, $0.080, $0.086Key Support Levels: $0.0627, $0.0523, $0.045XLM/USD. Source: TradingViewThe latest dump in the entire crypto space has caused a significant loss in Stellar’s price over the past hours. Earlier this month, it traded as high as $0.086 after seeing a three-month recovery from $0.027 in March.But currently, the price is trading around $0.0678 after losing almost 20% in two weeks. The weekly close below the 3-month ascending trend line – as can be seen in the above chart – indicates a strong sell signal for this pair.Meanwhile, the daily 8.5%

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VeChain Price Analysis: After Gaining 50% in Two Weeks, VET Eyes $0.0075 For Support

June 14, 2020

The trajectory remained bullish on the daily chart, although bears are currently showing strong interest.The price dropped after marking a new yearly high around $0.0107 on June 4.VeChain lost 9% today after rolling back under 100 SAT.VET/USD: VeChain Signals Short-Term SellKey Resistance Levels: $0.01, $0.0107, $0.01167Key Support Levels: $0.0087, $0.0075, $0.0064VET/USD. Source: TradingViewVeChain remains bullish on mid-term perspective despite dropping slightly from a $0.0107 on June 11. But the evening star (pin bar) close on that day suggests a short-term reversal, which is gradually taking place on the daily chart.The price is now facing $0.0087 support (February’s high). The volume on the current daily candle shows that bears are slowly stepping into the market. Today’s drops are

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Cardano Price Analysis: After Losing 10% In 7 Days, Can ADA Bounce Back?

June 14, 2020

Cardano looks for a rebound after losing 10% in the last seven days.The price is currently looking indecisive across trading pairs.It may breakdown if the immediate support fails to hold incoming pressure.ADA/USD: Cardano Looking For A ReboundKey Resistance Levels: $0.085, $0.088, $0.0917Key Support Levels: $0.074, $0.0688, $0.0631After breaking out from a channel to $0.091 earlier this month, Cardano dropped and started to suspended short-term bullish sentiment. However, the trend is still considered positive on a mid-term perspective.Following this pullback, the price is now trading near the grey-marked demand area of $0.074 level that suppressed bears for the past few days now. At the same time, it is looking for a rebound on the upper boundary of the channel that got broken in late

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Following a 240% Increase in 30 Days Zilliqa Recovers From BTC’s Latest Drop. ZIL Price Analysis

June 12, 2020

After reaching $0.03 mark yesterday, ZIL for support around $0.024 and bounced back.Zilliqa’s parabolic move looks strong, but it’s maintaining higher highs and higher lows on the 4-hours time frame.ZIL/USD: Zilliqa Bouncing BackKey Resistance Levels: $0.03, $0.032, $0.034Key Support Levels: $0.024, $0.0226, $0.0198ZIL/USD. Source: TradingViewZilliqa saw an impressive performance since May following a 66% increase over the last seven days. This surge started after a slow push above $0.005 level, but it became more significant after surpassing the psychological level at $0.01 on May 15.Following the significant parabolic move, the price recently dropped to around $0.024 after marking fresh high at $0.03 yesterday. The bullish action is still very strong on the daily chart, but it is

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After Making an Yearly High Around $0.09, Cardano Looks to Be Headed Lower. ADA Price Analysis

June 10, 2020

Cardano exhausted buying pressure after marking a new yearly high near $0.092.It maintained the same trend across trading pairs as sellers slowly take over in the short-term.The price is currently down by 4%.ADA/USD: Cardano Eyeing $0.070 For Short-Term CorrectionKey Resistance Levels: $0.085, $0.088, $0.0917Key Support Levels: $0.074, $0.0688, $0.0631ADA/USD. Source: TradingViewThe recent 30% increase in Cardano’s price seemed to have exhausted buyers after hitting $0.0917 on June 4. The price action is still looking bullish on a mid-term, but it is currently down by 4.12%. ADA now trades around $0.0814.As of now, Cardano is seemingly changing its trend as sellers slowly gain control on the 4-hour chart.This suggests that more big moves might be underway, although the volatility is quite

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Chainlink Price Appears Exhausted Following a 15% 2-Week Surge (LINK Analysis)

June 9, 2020

The price is currently up by 2.2% as bulls continued to gain control over the short-term.After gaining support around 45000 SAT, Link bounced back and charge towards last week’s high of 47267 SAT level.Link is now consolidating around $4.5 after rejecting $4.9 (February’s resistance) last week.LINK/USD: Link Remains Neutral Above $4Key Resistance Levels: $4.9, $5, $5.5Key Support Levels: $4.25, $3.5, $3LINK/USD. Source: TradingViewChainlink failed to resume buying pressure since the price spiked to $4.9 on June 1, although the market structure is still looking bullish on a short-term perspective. Due to a low buying volume, the price has been consolidating around $4.5 over the past seven days.Looking at the price action, Link is trying to hold above the $4 price level since the monthly

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