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Tag Archives: Price Analysis

Crypto Price Analysis & Overview May 7th: Bitcoin, Ethereum, Ripple, Cardano, and Litecoin

Altcoins continue to outperform bitcoin’s price and this week was no exception. One of the biggest winners over the past seven days was Litecoin, up more than 40%. Here’s how some other top coins performed and what to look forward to. Bitcoin Bitcoin is up by a total of 5.5% this week as it battles with $56,500 in an attempt to climb over the 50-days MA. It has struggled to surge above $58,000 so far in May as it fails to break above a short-term descending trend line. On...

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Crypto Price Analysis & Overview April 30th: Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano

The crypto market recovered this week, but bitcoin seems unable to catch up with the momentum that alts are currently getting. This is perfectly visible in the below chart, showing that large-cap altcoins outperformed it, dollar-wise, substantially. Bitcoin Bitcoin saw a small 5.4% price hike over the past seven days as it currently sits around $54,300. It found support at $47,000 (.5 Fib) on Sunday and rebounded from there to close the daily candle around $49,000. On...

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Binance Coin Analysis: BNB Taps $600 Again Following 7% Daily Surge

BNB/USD – Bulls Eye Triangle Breakout Key Support Levels: $180, $157, $150.Key Resistance Levels: $200, $218, $240. BNB is performing well this week as it climbs back into the $600 resistance today. The cryptocurrency had been at this level last week but failed to close a daily candle above it. As a result, BNB headed lower until finding support at $477 (.382 Fib & 20-days MA) over the weekend. It rebounded from the 20-days MA on Monday and started to climb higher to...

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Solana Price Analysis: Following Near 200% Monthly Surge, SOL Eyes $50

SOL/USD – SOL Sets New ATHs Above $48 Key Support Levels: $44, $40.11, $34.76.Key Resistance Levels: $47.37, $49.75, $52. SOL saw a powerful week of trading in which it managed to surge by a strong 42% to reach a new ATH at $48.65. The cryptocurrency was trading at $32 at the start of last week as it started to surge higher. The monthly returns of SOL are even more impressive as they draw near to 200%. Over the weekend, SOL managed to break above an ascending pice channel as...

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Crypto Price Analysis & Overview April 23rd: Bitcoin, Ethereum, Ripple, Cardano, and Solana

It was a red week all over the cryptocurrency market. Almost everything, with a few exceptions, declined substantially as the total market cap slipped below $2 trillion. Bitcoin Bitcoin saw a turbulent week in which the price dropped by a steep 20% to break beneath $50,000 and reach as low as $47,500 today. The cryptocurrency fell beneath $60,000 at the start of the week as it saw a large spike lower in which it dropped to the $51,440 support (.618 Fib). It managed to...

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Cardano Price Analysis: ADA Bulls Wake Up Following 10% Weekly Drop, What’s the First Target?

ADA/USD – ADA Trades Inside Shallow Rising Price Channel Key Support Levels: $1.05, $1.00, $0.9.Key Resistance Levels: $1.30, $1.50, $1.72. ADA had set a new ATH at $1.57 last week but could not overcome resistance at $1.50, provided by a 1.618 Fib Extension level. From there, it rolled over and started to head lower again. During the Sunday crash, ADA dropped as low as $1.05, where it found support at a .382 Fib Retracement level. It rebounded from there but failed to...

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Sunday’s Crypto Price Analysis: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP)

Bitcoin (BTC) Price Analysis Bitcoin collapsed by almost 15% from today’s $60,000 opening price, reaching as low as $51,540 (as of now). The cryptocurrency had set a new all-time high price earlier in the week at $64,895 but failed to produce a daily closing candle above significant resistance at $63,760. Together with the bearish divergence that spotted on the 4-hour timeframe, and fundamental rumors and FUD, this resulted in one of the ugliest drops ever. In a matter of...

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Crypto Price Analysis & Overview April 16th: Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano

This week was quite bullish for the entire cryptocurrency market. Bitcoin charted a fresh all-time high and so did a lot of other cryptocurrencies. Altcoin season is booming as the BTC dominance continues to decline. Bitcoin Bitcoin saw a 4.2% price hike this week as the coin currency sits at around $60,500. BTC had surged higher throughout the week and set a new ATH at around $65,000 on Wednesday. Unfortunately, it could not close a daily candle above resistance at $63,766...

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Cardano Price Analysis: ADA Sets New ATH Above $1.5

ADA/USD – Bulls Set New ATHs Above $1.50 Key Support Levels: $1.37, $1.20, $1.15.Key Resistance Levels: $1.56, $1.62, $1.69. Cardano saw a strong 17% price surge this week, allowing the cryptocurrency to finally break $1.50 and set a new ATH at $1.56. Before this price move, ADA struggled to close a daily candle above $1.37 (1.414 Fib Extension). It had reversed from $1.37 toward mid-March and dropped until support was found at an ascending trend line. In the first few days...

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Crypto Price Analysis & Overview April 9th: Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano

Bitcoin Bitcoin moved sideways over the last week of trading as it sits at $58,500. At the start of the week, the cryptocurrency made multiple attempts to break the $60,000 level but failed on each attempt. It then went on to establish support at $57,000. However, this support was penetrated on Wednesday as BTC plummeted as low as $55,440. Luckily, the buyers regrouped at this low and managed to allow BTC to rebound above $58,000 yesterday. Today, BTC continued higher to...

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