Tag Archives: Price Analysis

Key Support level: $417 Key Resistance level: $520, $692 (ATH) Since March 2021, BNB has formed a huge ascending triangle (colored in blue). A break above would signal that a new all-time high is in the cards. At the time of this post, BNB appears on a clear path to test the key resistance at $520 after a successful test of the support at $417. If BNB is successful in breaking above the key resistance, the price can rally towards the current all-time high at $692. Chart by...

Key Support level: $0.000027 Key Resistance level: $0.000034 SHIB had a great week, seemingly ending its recent downturn after finding support at $0.000027 and rallying more than 20% since. The question is if SHIB can turn the downtrend line into support as it explores higher levels. For that to happen, SHIB needs to avoid a decline under $0.000030 and slowly move towards the next key resistance at $0.000034. Chart by TradingViewTechnical Indicators Trading Volume: The volume...

The first week of 2022 is about to become one of the most bearish weeks in crypto over the past year. Just as the overall sentiment, ADA could not resist the downtrend and is slowly descending towards the $1 mark. Key Support levels: $1, $0.8 Key Resistance level: $1.2, $1.5 The support at $1.2 could not hold off the selling pressure as the price closed below this critical level on the daily timeframe yesterday. The latter becomes the first major level of resistance. On the...

This week, we take a closer look at Ethereum, Binance Coin, Cardano, Solana, and Luna Ethereum (ETH) Throughout the past seven days, we saw a crash in the crypto market and ETH was no exception, falling over 14.6% in the period. After a brief attempt earlier this week to push towards $4,000, the price quickly turned on Wednesday, breaking below the $3,600 support, which is now a resistance. The downtrend did not fade today and continued with ETH falling under $3,300. At the...

Key Support level: $0.000029, $0.000023 Key Resistance level: $0.000034  There is one good thing about this latest crash in price: SHIB managed to avoid a lower low in price (compared to December 20th). For this reason, if SHIB holds at the current support of $0.000029, then maybe it has a chance to consolidate around the current level. The resistance is found at $0.000034. Chart by TradingViewTechnical Indicators Trading Volume: Despite an increase in volume during the crash...

Key Support levels: $13 Key Resistance levels: $18  After a significant breakout from the rising wedge (marked blue on the following chart), NEAR is just under $18, which is currently acting as resistance. This is the next key resistance to consider. The cryptocurrency painted a fresh all-time high hours ago, and it’s essential to go above the level to continue its rally. Chart by TradingViewTechnical Indicators Trading Volume: Significant volume since the breakout above the...

Following an 8% daily increase, DOT attempts to retest the key resistance at $32 on renewed momentum. Key Support level: $25 Key Resistance level: $32 Polkadot’s DOT native token completed a short-term correction and is now creating a support floor and trading range between the support level at $25 and resistance at $32. The first attempt to break out above this trading area was rejected last Monday. However, DOT appears ready for a second tryout. Chart by...

This week, we take a closer look at Ethereum, Cardano, Ripple, Solana, and Luna. Ethereum (ETH) On Tuesday, Ethereum fell below $4,000 (level acting as resistance right now) after it could not sustain its rally from the previous week. The price made a lower low and closed the past seven days in red with an 8% loss. The current price action has formed a large descending wedge (in blue) which is a bullish formation as long as the price can manage to break above it after the...

Key Support level: $0.000030  Key Resistance level: : $0.000038  SHIB was rejected by the $0.000038 resistance and pushed lower following the market’s downturn that started on Tuesday. The current support is found at $0.000030 and could be retested if the overall market remains bearish. Chart by TradingViewTechnical Indicators Trading Volume: The volume has been low despite the current correction. This gives hope that SHIB can quickly reverse course once buyers return. RSI:...

Key Support levels: $26 Key Resistance level: $33 DOT had a fantastic rally last week when the price increased by 40%. However, this week, DOT’s rally ended when the resistance at $33 rejected the price from moving higher. Today, the correction continued, and DOT has fallen under $30. The current support is found at $26. Chart by TradingViewTechnical Indicators Trading Volume: Sustained volume both during the uptrend and the current downtrend. This shows that market...