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Tag Archives: Price Analysis

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

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...

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

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...

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Cardano Price Analysis: First Evidence of Nearby Bottom, Will ADA Soon Retest $1?

It has already been 240 days of a continuous downtrend for ADA, and it’s not over yet. Despite that ADA formed a promising market structure in March, April’s monthly candle so far is showing a 35% drop. Technical Analysis Technical Analysis By Grizzly The Daily Chart Cardano (ADA) is trading inside a falling wedge (marked orange) on the daily timeframe, which is technically a reversal pattern. Also, the RSI indicator has also reached a level at which the price has started to...

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

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...

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Cardano Price Analysis: ADA Facing Key Resistance at $1, What’s Next?

Like the rest of the crypto markets, ADA had recently seen major volatility. The bears were able to push the price down to over 30% since April’s high of $1.25, but on the other hand, the bulls have not yet been able to break out of the descending channel that accompanied the price from the all-time high. Technical Analysis Technical Analysis By Grizzly The Daily Chart: After increasing 60% in March, Cardano holders hoped to reach higher levels. However, the bears took...

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

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...

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

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...

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

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...

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

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...

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ADA Price Analysis: Cardano Drops Below $1 Following 20% Weekly Decline

Cardano was no exception to the market’s decline. After it failed to break out of the descending channel (marked yellow), the bears were able to push the price what the next destination is. Technical Analysis Technical Analysis By Grizzly The Daily Chart: On the daily timeframe, Cardano is moving down in a descending channel and has corrected from the recent 60% spike to the Fibonacci Retracement at 0.618. The most important for the bulls is to push the price back above $1,...

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