Tag Archives: Price Analysis

SOL is heading towards the $200 key resistance level. A successful breakout, and retest as support, might likely lead the Solana native cryptocurrency for another shot for its next major resistance level around the ATH. Key Support levels: $187 Key Resistance level: $200, $205 SOL has found a solid horizontal support line amid the $187 level and is currently eyeing the $200 key resistance level. On the other hand, the SOL price had formed an ascending wedge which is a...

This week, we take a closer look at Ethereum, Ripple, Solana, Luna, and Avalanche. Ethereum (ETH) Ethereum has reclaimed the $4,000 level and appears ready to move higher towards the next key resistance at $4,400. The battle for the $4,000 level was intense, and it took almost a week until the buyer side prevailed. The price dropped to the former support at $3,700 several times, and the outlook on Monday was grim. But this quickly changed as the market turned back up. As...

Key Support levels: $1.3 Key Resistance level: $1.5 ADA did not look back after breaking the descending triangle (in blue) and appears ready for more gains. It has reversed the downtrend with a strong momentum upwards which has taken the price over $1.3. If ADA can turn this level into support, then the next target sits at $1.5, which will act as resistance. Chart by TradingViewTechnical Indicators Trading Volume: Volume was strong during the breakout and remains high. The...

Key Support level: $77 Key Resistance level: $100 After Luna touched the support at $55, the price entered into a massive rally, almost doubling in price in less than 10 days. Today, Luna stopped $2 short of hitting $100. The bulls will have to wait for another day to see Luna at three digits. As such, the resistance sits at $100, and the key support is now found at $77. Luna continues to be one of the strongest performers on the market, with its Terra network recently...

Key Support level: $0.000030  Key Resistance level: : $0.000034 After SHIB arrived at the $0.000030 support level, the price action intensified, and the cryptocurrency made a quick dash above the descending wedge (in blue) in a clear bullish move which we anticipated in the last SHIB analysis. Now, the price sits just under the key resistance at $0.000034. The next move from SHIB will be decisive. Chart by TradingViewTechnical Indicators Trading Volume: Volume exploded on...

Key Support levels: $166, $146 Key Resistance level: $187 SOL completed a bearish MACD cross on the weekly timeframe after the all-time high and this downtrend only intensified since. SOL has to keep its price above the key support at $166 if there is any hope to stop the current decline. If it fails, the price might fall lower in search of new support. The current resistance is at $187, where SOL was sharply rejected. Chart by TradingViewTechnical Indicators Trading Volume:...

Key Support levels: $1.2, $1 Key Resistance level: $1.3, $1.5 ADA is currently retesting the support at $1.2, which has to hold. Otherwise, the next key support level will be found at $1. The resistance at $1.3 has not been tested for over a week, indicating a lot of weakness on the bull side. Pressure is mounting, and any slip lower can end up in a significant drop, particularly when there is a lot of fear in the market. Chart by TradingViewTechnical Indicators Trading...

Key Support level: $0.000030  Key Resistance level: : $0.000034 SHIB has finally arrived at the $0.000030 support level which has the best chance to reverse the current downtrend. This is because this level was the previous all-time high from October and should act as strong support. Moreover, the downtrend is forming an ending diagonal wave with converging lines based on Elliot Wave theory (see in blue). A break from this triangle can take the price to the resistance at...

Despite ADA dropping to support, it has formed a bullish divergence, indicating a possible move higher soon. Key Support levels: $1.2, $1 Key Resistance level: $1.3, $1.5 ADA retested the support at $1.2 yesterday, making a lower low. However, the RSI has made a higher low, signaling a bullish divergence. So long the key support level holds, ADA has a good chance of getting back into the uptrend and maybe attempting to break out of the resistance at $1.3. Chart by...

Key Support levels: $166 Key Resistance level: $187 When we last visited SOL, the price was barely holding above the $187 support level. Since then, SOL broke below this crucial level which has now turned into resistance. The support is now found at $166 and appears to hold. However, the bears have been very aggressive, and a stop in the downtrend still appears unlikely in the near term. Chart by TradingViewTechnical Indicators Trading Volume: Decreasing volume on this last...