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Tag Archives: Price Analysis

Cardano Price Analysis: Can ADA Bulls Regroup to Break Resistance at $1.6?

ADA/USD – ADA Reverses At $1.56 Resistance Key Support Levels: $1.45, $1.40, $1.30.Key Resistance Levels: $1.6, $1.75, $1.80. Like most cryptocurrencies, ADA saw a drastic 63% price drop from a high of $2.52 to a low of $0.91 in May. It quickly rebound from the Wednesday price crash to $0.91 as it closed the daily candle above the 50-day MA. Unfortunately, during the remainder of last week, ADA slowly declined into the 100-day MA around $1.30. Yesterday, it found support at...

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Crypto Price Analysis & Overview May 21st: Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot

The past seven days were particularly volatile and, unfortunately for many, bears had the upper hand. Bitcoin dropped to a price not seen since January, while the rest of the market followed. Bitcoin Bitcoin is down another 18.5% this week as it trades near $40,900. The cryptocurrency is now down by a total of around 35% from the $64,895 all-time high set in April. BTC saw an extremely volatile week in which prices dropped as low as $30,000 on Wednesday – hitting levels not...

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Cardano Price Analysis: ADA Bulls Rely on Important Support but Will The Recovery Continue?

ADA/USD – ADA Battling To Stay Above 20-day MA Key Support Levels: $1.66, $1.45, $1.40.Key Resistance Levels: $1.80, $2.00, $2.20. ADA set a new ATH price last weekend as it surged into resistance at $2.52 (1.414 Fib Extension). Unfortunately, it could not continue past this level and ended up rolling over at the start of the week to hit $2.00 by Tuesday. On Wednesday, the BTC market crash called every cryptocurrency to capitulate. During this time, ADA slipped beneath the...

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Cardano Price Analysis: After 45% Weekly Surge, Can ADA Target $3?

ADA/USD: New ATH Above $2.50 Key Support Levels: $2.26, $2.10, $1.98, $1.85. Key Resistance Levels: $2.52, $2.75, $3.00, $3.20. While the entire market struggles, as Bitcoin fails to reclaim the $50K mark, ADA managed to surge by almost 50% this week and set a new ATH price at $2.52 earlier today. The cryptocurrency had surged from the 50-day MA at the start of May to meet resistance at around $1.80 last week. On Thursday, ADA finally broke above to reach the $2 milestone....

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Crypto Price Analysis & Overview May 14th: Bitcoin, Ethereum, Ripple, Cardano, and Uniswap

Despite the recent market-wide crash, Ethereum continues to lead amid the large-cap cryptocurrencies. Today, we take a closer look into the following cryptos: Bitcoin Bitcoin is down by a total of 10% this week as it saw turbulence over the past two days with Telsa removing BTC payments for its vehicles. The cryptocurrency failed to break a falling resistance trend line at around $59,000 at the start of the week and started to head lower from there. On Wednesday, the...

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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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