Altcoins

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Solana price started a fresh decline from the $32.00 resistance zone against the US Dollar. The price is now trading below $31 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $30.60 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair could extend losses if there is a clear move below the $29.50 support zone. Solana price is trading below $32 against the US Dollar, similar to bitcoin. SOL...

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ADA price failed to surpass the $0.420 resistance and declined against the US Dollar. The price is now trading below $0.400 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.392 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.350 support zone. Cardano price is struggling below $0.40 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price is showing positive signs above the $1,300 level against the US Dollar. ETH price is now trading above $1,300 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $1,290 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it clears the $1,340 resistance zone. Ethereum price is rising above the $1,300 level against the US Dollar. ETH/USD could rise further if it clears...

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The start of the week begins with little-to-no substantial movements from most cryptocurrencies, as bitcoin has stalled around $19,000. The altcoins are slightly in the green, except for XRP. Aside from the daily price dip, the asset is down double-digits on a weekly scale. Bitcoin Calms at $19K BTC experienced a lot of volatility at the end of last week, when the US CPI numbers came out. Although they were almost as expected, bitcoin headed straight south, as it typically...