Tag Archives: Price Analysis

Key Support level: $0.000023 Key Resistance levels: $0.000028 SHIB fell below the critical level at $0.000028, which has now turned into resistance. The next support is found at $0.000023. The current downtrend in price is unlikely to stop until SHIB reaches the key support. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains low and gives no indication of recovery. Sellers have dominated the chart so far. RSI: The daily RSI fell under 50 points and is...

Following the recent bearish market sentiment, Cardano’s ADA lost the psychological key support level of $1. In case this level won’t get reclaimed by today’s daily close, ADA will record a full-candle body trading below $1 for the first time since February 2021 (!). Key Support levels: $0.84, $0.68 Key Resistance levels: $1, $1.2 Over the past month, ADA was trading amid the $1 mark. Despite two wicks below in January, the price action and the daily candles were above or...

Key Support level: $0.000028 Key Resistance levels: $0.000034 SHIB appears unable to rally above the current key support at $0.000028, and this most recent attempt was quickly stopped by the bears. This price action may lead the cryptocurrency to retest the key support and put pressure on buyers again. The key resistance at $0.000034 remains well defended so far. Chart by TradingViewTechnical Indicators Trading Volume: The volume is falling. For this reason, the key support...

Key Support levels: $1.6, $1.4 Key Resistance levels: $1.8, $2 MATIC’s price saw a sharp drop after hitting the $2 resistance and fell all the way to $1.6 at the time of this post. If the correction continues, then the cryptocurrency can rely on good support at $1.4. The current resistance sits at $1.8. Chart by TradingViewTechnical Indicators Trading Volume: In the past five days, the volume has closed in red, singling a strong pullback after buyers failed to push MATIC...

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...

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...

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...

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...

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...

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...