Tag Archives: Price Analysis

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...

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...

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...

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...

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...

Key Support level: $0.000018 Key Resistance level: $0.000023 SHIB’s misfortunes started in October 2021, and ever since then, the price has been in an uninterrupted downtrend. Every time there was a hope of a reversal, the bears returned stronger. This past Saturday, SHIB made a new lower low and found support at $0.000018. The resistance is now found at $0.000023, and bulls are trying to challenge it again after an earlier failure to move SHIB’s price above it. Chart by...

Over the weekend, SOL lost the $100 support level, which turned it into resistance. Unsurprisingly, following the negative sentiment, the SOL price dropped today to $80. Key Support levels: $79, $56 Key Resistance level: $100, $130 On Sunday, SOL rejected attempting to break above $100 and, by doing so, confirmed the level as resistance. Earlier today, the price took a nosedive reaching $80 for a short period before a slight recovery. $79-80 support likely be tested again if...

Key Support levels: $130 Key Resistance level: $155, $170 SOL fell back to the critical support at $130 in the past few days, failing to maintain its rally from last week. Buyers might be interested at current price levels since the last time it visited this key level, bulls came in force and pushed SOL into a relief rally. The resistance currently sits at $155. This level represents the biggest challenge for any possible rally. Chart by TradingViewTechnical Indicators...