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Tag Archives: Price Analysis

Avalanche Price Analysis: AVAX Explodes to New ATH, What’s the Next Target?

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....

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Shiba Inu Price Analysis: SHIB Bulls to the Rescue, Chart 6% Daily Gains

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...

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Crypto Price Analysis Nov-19: Ethereum, Cardano, Ripple, Binance Coin, and Solana

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...

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Binance Coin Price Analysis: BNB Tumbles 10% Weekly, Is $500 The Next Bearish Target?

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...

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Avalanche Price Analysis: Despite Touching $100, Some Worrying Signs for AVAX Bulls

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...

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Crypto Price Analysis Nov-12: Ethereum, Ripple, Cardano, Binance Coin, and Polkadot

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...

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Litecoin Price Analysis: LTC Surges 20% Daily, Reaches Highest Price Since May

Key Support level: $236 Key Resistance level: $370 Litecoin has been consolidating since May, and the price started to increase slowly from July. However, in the past two days, LTC had a major breakthrough and started to increase. It surged by around 20% in 24 hours. It also set a 6-month high. Litecoin also broke above the $236 resistance and turned it into support. Because of LTC’s lacking performance, the next major resistance can be measured at around $370, which is a...

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Shiba Inu Price Analysis: Dead Cat Bounce for SHIB as the Correction Continues

Key Support level: $0.000044; $0.000032 Key Resistance level: $0.000055; $0.000063 SHIB’s recovery from the drop last week was impressive, but bulls failed to push the price above the key resistance at $0.000063, and bears took control again, pushing it under $0.000055, which now also acts as resistance. This leaves SHIB with the support found at $0.000044. If the bulls fail to step up soon, a retest of the support becomes likely. Failure to hold there and the next support...

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Ripple Price Analysis: XRP Rejected at $1.2 but Bullish Momentum Remains

Key Support levels: $1.13; $1.06 Key Resistance level: $1.2; $1.4 As predicted in our last analysis, XRP rallied to $1.2 but was then quickly rejected by the bears and pushed lower to the support at $1.13. This shows that the bulls still do not have enough strength to sustain a rally. For now, the support level holds and may lead to another attempt from bulls to break above $1.2. If successful, this can push XRP higher towards $1.4. Chart by TradingViewTechnical Indicators...

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Shiba Inu Price Analysis: SHIB Bounces Up But What’s the Next Target for the Bulls?

Key Support level: $0.000055 Key Resistance level: $0.000063 SHIB recovered most of the losses from this past week with a 50% rally yesterday in a considerable price swing. However, the big question is if  SHIB made a lower high. At the time of this post, SHIB is still trying to move above the key resistance at $0.000063. A failure to close above it would confirm the lower high, and that would likely lead to bears taking control of the price again. The price is currently...

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