Tag Archives: Price Analysis

Key Support level: $0.000032 Key Resistance level: $0.000035 Yesterday, SHIB had broken above a descending triangle formation, as seen on the following chart. Initially, it got rejected at the $0.00003 resistance level. However, after a slight pullback, SHIB managed to break above and quickly spiked towards the all-time high sitting at $0.000035. This is roughly ~10-12% away from the current daily high as of writing these lines, according to CoinGecko. In case this resistance...

Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH  price by just $1, according to Binance. Key Support level: $192, $177 Key Resistance level: $216 The mentioned above pennant is marked blue on the following chart. The current all-time high of $216 will continue to act as SOL’s next major resistance area. Since then, SOL has found support on the $192 level. If the price decides to...

Ethereum This week, Ethereum managed to rally over 8.5% and nearly touched the all-time high at $4,380, missing it by $5 (Bitstamp). The momentum remains bullish and the price is in a steep uptrend as shown by the trendline which is currently acting as support around $4,000. A break below this level can push ETH back to the next support found at $3,500. The resistance at $4,380 continues to hold, at least until another attempt is made by the bulls to break it. Considering...

Key Support level: $0.0000240 Key Resistance level: $0.0000300 Shiba Inu has pumped over 20% off the support level at $0.0000240 to the key resistance sitting around $0.0000300. In doing so, SHIB has formed a large descending channel (in blue). If the price fails to break the resistance level in the next day or two, then Shiba Inu’s price is likely to fall again to support before a breakout. Chart by TradingViewTechnical Indicators Volume: The volume continues to be weak....

Dogecoin is trading inside a symmetrical triangle and is getting close to its apex and deciding its next direction. As of now, a bullish breakout seems to have higher chances than the bearish case; however, anything might change. Once the resistance at $0.25 is cleared, DOGE will likely rally towards the next significant resistance areas found at $0.30 and $0.38. Such a move is likely to be quick and sharp, which is typical for the behavior of the meme coin. Key Support...

Ethereum Ethereum managed to increase by 6.4% this week as it continues to climb higher inside an ascending price channel. The price channel formed at the start of October after ETH found support and reversed at $2800. Last week, ETH found resistance at $3600, causing it to fall into the support at $3400. It bounced from $3400 on Wednesday as it hit the lower boundary of the price channel. Yesterday, ETH managed to break $3600 and push higher into resistance at $3790 (bearish...

Key Support level: $460 Key Resistance level: $526; $690 Binance Coin (BNB) has rallied 22% in the past four days on the news that Binance, the largest crypto exchange in the world, will invest $1 billion into the Binance Smart Chain (BSC) ecosystem. Following the news, BNB has successfully broken above the key technical resistance level at $460, making it support. The price is now seemingly getting ready to test the first resistance at $526 and start making its way towards...

Bitcoin Bitcoin is up by an incredible 25.7% this week as the cryptocurrency surges beyond $55,000. The increase started at the beginning of October when it managed to break above a descending price channel and go above the 50-day MA. Since then, BTC surged higher during the week until it broke the September highs at $53,000 and met resistance at $55,400 on Wednesday. It did attempt to break above $55,400 today, reaching as high as $56,000 (1.414 Fib Extension) but is showing...

ADA/USD – Bulls Struggle To Make Ground Above 20-day MA Key Support Levels: $2.20, $2.00, $1.95.Key Resistance Levels: $2.22, $2.36, $2.50. ADA rebounded from the support at $2 (.618 Fib) on Friday and broke above the September descending trend line. Although it did spike above the 20-day MA to reach as high as $2.36 (bearish .382 Fib), it could never close above that level. Over the weekend, ADA continued to trade beneath the 20-day MA as it failed to establish any...

Ethereum Ethereum is up a solid 9% today as the cryptocurrency surges past $3000 again. The coin has now broken the upper boundary of the previous range that it was trading inside over the past fortnight. The range was between $3150 and $2800 and Ethereum bounced from the lower boundary on Wednesday, where it found support at the 100-day MA. Since then, ETH managed to break the September descending trend line and head back above the 20-day MA. Looking ahead, the first...