Tag Archives: Price Analysis

This week, the market correction continued with most cryptocurrencies suffering significant losses, particularly today when Bitcoin dropped 10% in 12 hours, and altcoins charted double-digit losses. In what follows, we take a look at Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom’s CRO. Ethereum (ETH) Ethereum had a nice rally this past few days and gave hope of a major breakout. However, today’s price action has re-set ETH back to $4,000 ending the past seven days...

Key Support levels: $124, $110 Key Resistance levels: $147, $160 AVAX has finally met some resistance after a significant rally which took it to $147. The price is currently correcting. As such, the cryptocurrency can find good support on the $124 and $110 levels depending on how deep the correction is, while the levels found at $147 and $160 will act as resistance. Chart by TradingViewTechnical Indicators Trading Volume: Very strong and sustained volume during the rally....

Key Support level: $0.000042; $0.000039;  Key Resistance level: : $0.000044; $0.000050;   Despite the previous attempt from the bulls to keep the price of SHIB inside the descending triangle, they have lost momentum, and now the price is sitting on the next support level found at $0.000042. After SHIB broke below $0.000044, this level turned into the current resistance. Unfortunately for the bulls, SHIB’s situation, at the time of this writing, doesn’t seem very promising...

Key Support level: $516 Key Resistance level: $600, $692 (ATH) The price rallied off the $516 support level with sufficient momentum to go all the way up to the $600 resistance level. Once there, the bears rejected the price and look likely to continue to put up a good fight at this key psychological level. For this reason, BNB still lingers just under $600 at the time of this post while the bulls are considering another attempt to break above. Chart by TradingViewTechnical...

Key Support levels: $106 Key Resistance levels: $160 After AVAX turned the previous resistance at $106 into support, the price has not stopped moving higher. The momentum is very strong, and bulls have full control of the market. The next key resistance to consider can be found at $160. Chart by TradingViewTechnical Indicators Trading Volume: The break of resistance happened on good volume. However, the current increase in price appears to happen with a decreasing volume....

Key Support level: $0.000044; $0.000032 Key Resistance level: : $0.000050; $0.000055 SHIB’s price was in a very dangerous area yesterday when it broke below the support level at $0.000044. There was panic and despair in the market, with most SHIB holders starting to doubt their investment. Fortunately, the bulls reversed the downtrend today and got the price back into the blue triangle, which gives temporary relief, at least. However, the bears managed to push SHIB lower, and...

This week the market took a downturn which resulted in most cryptocurrencies suffering significant losses. We take a look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum broke below the ascending wedge this week and corrected all the way to $3,958. Compared to last week, ETH registered a -11.3% correction and fell under $4,000 for the first time in November. The first sign that such a correction could take place was given by the daily MACD that did...

Key Support level: $516 Key Resistance level: $600  After breaking from the blue pennant, BNB rallied almost 50%, but the momentum simply was not enough to take it above the all-time high. Bears stepped in before that and pushed the price below the support at $600 that is now acting as resistance. Should the price continue to fall, BNB might find good support at $516. Chart by TradingViewTechnical Indicators Trading Volume: The volume was strong when the support at $600 was...

Avalanche (AVAX) surged to a new all-time high earlier today at $99.90, short of 10 cents from the $100 mark.  However, the price quickly retraced after losing 8% following the new high. Key Support level: $78 Key Resistance level: $100 (ATH), $102 AVAX has been in a clear bullish trend for some time and has set a new all-time high today at just under $100. However, so far, the bullish momentum wasn’t able to surpass the milestone level, and today’s candle might end up with a...

This week was very intense in terms of price action and we take a look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot. Ethereum Ethereum has set another all-time high this week at $4,868 and increased slightly. ETH is currently sitting on a clear uptrend and has formed a large bearish wedge which appears to end just above $5,000 (in blue). This is also the place where ETH has key resistance at $5,075. Therefore, the current rally may be stopped by the bears at that...