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Tag Archives: Price Analysis

Shiba Inu Price Analysis: If This Support Level Holds, SHIB Might Break Higher

After an impressive rally last week, SHIB had seen a correction, facing the key support level. Will support hold? Key Support level: $0.000028 Key Resistance levels: $0.000034 Last week, SHIB rallied over 50%, reaching our key resistance at $0.000034. Since then, the price corrected back to the support at $0.000028 and now consolidates above the level. If the sentiment remains bullish on Monday and key support holds – SHIB may see a renewed rally. Chart by...

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Crypto Price Analysis Feb-11: Ethereum, Ripple, Cardano, Solana and Shiba Inu

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Shiba Inu. Ethereum (ETH) ETH failed to push above $3,200 this week and fell back on the $3,000 support level yesterday, where the price is now consolidating. Despite this most recent pullback, the cryptocurrency had a stellar performance this week, with a 16% price increase in the past seven days. The big question is if ETH can hold above $3,000. If it manages to do so, then bulls might be in a...

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Shiba Inu Price Analysis: SHIB Attempts to Move Higher, Here is the Next Level to Watch

After a short pullback, SHIB appears keen to move higher and challenge the next critical resistance at $0.000037. Key Support level: $0.000029 Key Resistance levels: $0.000037 SHIB had seen a short-term spike as buyers were impatient following the descending channel’s breakout. Today’s bullish engulfing candle indicates that SHIB can continue higher and challenge the key resistance at $0.000037 very soon. On the other hand, the key support level at $0.000029 and was...

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SHIB Breaking Out Huge Resistance, Here is The Next Target

Key Support level: $0.000023 Key Resistance levels: $0.000030 As indicated yesterday, SHIB closed in on the key resistance at $0.000023, which has now been firmly broken and turned into support. Once the price moved above this key level, the volume exploded, and the cryptocurrency rallied towards $0.000030, which is now acting as new resistance. This breakout ends the downtrend, which has lasted since November 2021. The big question now is if SHIB can make a higher high or...

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Shiba Inu Price Analysis: SHIB is Facing Huge Resistance that Can End the Bearish Trend

SHIB has reached a critical resistance level. A break above would mean that SHIB could likely go for a short-term price rally following a series of bearish weeks. Key Support level: $0.000018 Key Resistance levels: $0.000023, $0.000026 At the time of this writing, SHIB is facing the critical resistance of $0.000023, which is the only barrier preventing the price from exiting the downtrend that started back in November 2021. A successful break of this level would likely propel...

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Cardano Price Analysis: Following the 5% Daily Surge, is ADA Ready to Test $1.2?

Key Support levels: $1.1, $1 Key Resistance levels: $1.2, $1.36 The market turned bullish yesterday, and ADA has moved above the key resistance at $1.1, which is now acting as support. The next level to pass is at $1.2, and the cryptocurrency is still gathering momentum to challenge it. ADA seems likely test this level in the coming days, depending on the overall market, which favors the buyer’s side at this time. Chart by TradingViewTechnical Indicators Trading Volume: ADA...

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Shiba Inu Price Analysis: After Days of Consolidation, Is SHIB Breakout Incoming?

After some hard days, SHIB is starting to give clear bullish signals that may emerge in the renewal of a possible price rally. Key Support level: $0.000018 Key Resistance level: $0.000023 While SHIB continues to consolidate under the key resistance at $0.000023, the MACD has turned bullish. The longer price maintains its current level the higher the chance for a breakout. The support at $0.000018 is unlikely to be retested if this momentum continues. Chart by...

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Cardano Price Analysis: ADA Consolidation Likely to End By a Huge Move

After successfully retesting the $1 key support, Cardano (ADA) appears to prepare a possible breakout from its current price range, if the recent crypto bullish sentiment continues. Key Support levels: $1, $0.92 Key Resistance levels: $1.1, $1.2 ADA’s price has been consolidating between the critical support ($1) and resistance ($1.1) for over a week. The recent price action and technical indicators give hints of a possible breakout off this range. ADA rarely stays for too...

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Cardano Price Analysis: The Calm Before the Storm, ADA’s Breakout Imminent?

Cardano (ADA) has been consolidating inside a tight range for a while, but it appears that a possible breakout is likely incoming over the next few days. Key Support levels: $1, $0.92 Key Resistance levels: $1.1, $1.2 ADA has been moving between the key support at $1 and the resistance at $1.1 over the past week, unable to break free. Last Wednesday, there was an attempt to move above the key resistance, but sellers pushed ADA back to the consolidation range. At the time of...

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Polygon Price Analysis: MATIC Fails at $1.8 But Bulls on the Offense Again

Key  Support levels: $1.4 Key Resistance levels: $1.8, $2 In the last two days, MATIC registered a 20% price increase after finding support at the $1.4 level. The key resistance at $1.8 prevented the price from moving higher, and today, MATIC is quickly re-approaching this level. If it is successful to maintain the momentum, then a successful break may take it to $2. Chart by TradingViewTechnical Indicators Trading Volume: Despite this most recent increase in price, the...

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