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Tag Archives: Price Analysis

Crypto Price Analysis & Overview June 25th: Bitcoin, Ethereum, Ripple, Cardano, and Polkadot

This week was a complete rollercoaster in the cryptocurrency market. Unfortunately, things failed to turn out for the better and the majority is trading in the red. Bitcoin Bitcoin is down a steep 11.7% this week as it currently trades beneath $34,000. The cryptocurrency started the week by dropping into support at $31,185 (downside 1.618 Fib Extension) on Monday. On Tuesday, it took a brief dive beneath $30K for the first time since January 2021. It dropped as low as...

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Cardano Price Analysis: ADA Bears Take Control, Will $1 Hold?

ADA/USD – ADA Plummets Beneath The 100-day MA Key Support Levels: $1.07, $1.00, $0.913.Key Resistance Levels: $1.20, $1.30, $1.42. ADA fell beneath the 100-day MA at $1.42 over the weekend and has since plummetted as low as $1 today. The cryptocurrency was trading inside a symmetrical triangle pattern and broke toward the downside of the consolidation on Saturday. Yesterday, ADA slipped from the 100-day MA and fell beneath $1.20. It continued today as ADA broke support at...

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Crypto Price Analysis & Overview June 18th: Bitcoin, Ethereum, Ripple, Cardano, & Solana

The last week was rather challenging for altcoins as most of the major ones are trading in the red. Bitcoin managed to pull ahead a bit, which also resulted in an increase in its market dominance. Bitcoin Bitcoin is up by a very small 2.8% over the past week as it currently trades at $37,900 – just above the 20-day MA. The coin had provided some hope at the start of the week as it surged above $37,000 to break a falling trend line that has been in play since the mid-May...

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Cardano Price Analysis: ADA Remains Indecisive Around $1.5 as Bulls Struggle With Momentum

ADA/USD – ADA Trades Inside Symmetrical Triangle Key Support Levels: $1.50, $1.40, $1.30.Key Resistance Levels: $1.60, $1.70, $1.80. ADA has been consolidating for almost a month now as it trades inside a symmetrical triangle pattern. It surged higher at the end of May but found resistance at the upper boundary of the triangle at the start of June. From there, ADA started to head lower and broke beneath the 50-day MA last week. It recently found support at the lower boundary...

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Crypto Price Analysis & Overview June 11th: Bitcoin, Ethereum, Ripple, Polkadot, & Matic

It was a rather unfortunate week for the entire cryptocurrency market as most of the coins are trading in the red. Bitcoin is no exclusion, though it’s the one the best performer, relatively speaking, compared to major altcoins. Bitcoin Bitcoin is down by a small 4% over the past week as it currently sits above the 20-day MA at $37,000. The cryptocurrency saw an interesting week after testing $39,200 last week. There, it found resistance at a falling trend line and failed to...

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Crypto Price Analysis & Overview June 4th: Bitcoin, Ethereum, Ripple, Cardano, & Solana

We saw another week of relatively choppy price action as the major cryptocurrencies failed to chart any serious gain. On the opposite – with a few exceptions, most of the coins underwater. Bitcoin Bitcoin is down by a total of 4.7% this week and is trading inside an ascending price channel as it battles to remain above the upper boundary at around $36,600. The cryptocurrency had an interesting week of trading after meeting the resistance at $40,760 (bearish .382 Fib) last...

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Cardano Price Analysis: ADA Breaks Crucial $1.80 Resistance And Sets Sights At $2

ADA/USD – ADA Breaks Crucial $1.80 Resistance Key Support Levels: $1.80, $1.71, $1.60/Key Resistance Levels: $2.00, $2.15, $2.30. ADA found support at $1.40 (.5 Fib) over the weekend and rebounded higher. On Monday, it broke above a descending trend line and climbed above the 20-day MA. It was trying to break resistance at $1.80 (bearish .618 Fib) over the past three days but failed to close a daily candle above the level until today. The resistance at $1.80 stalled the...

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Binance Coin Analysis: BNB Testing Important Short-Term Resistance, is $400 in Sight?

BNB/USD – BNB Makes Attempt At Symmetrical Triangle Upper Boundary Key Support Levels: $320, $305, $280.Key Resistance Levels: $360, $388, $400. BNB is currently trading inside a short-term symmetrical triangle pattern. It had rebounded from support at $255 during the capitulation week and pushed higher to meet resistance at $388 (bearish .382 Fib) last week. From there, it headed lower throughout the rest of last week and eventually found support at $305 (.786 Fib). This...

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Cardano Price Analysis: ADA Attempts a Breakout Above $1.70 Following 25% Weekly Increase

ADA/USD – Bulls Break Higher Above 50-day MA Key Support Levels: $1.50, $1.38, $1.35.Key Resistance Levels: $1.70, $1.80, $2.00. ADA dropped beneath $1.50 (50-day MA) over the weekend but managed to find solid support around $1.35 (100-day MA). This level was further bolstered by a rising trend line that has been in play since the end of April. More specifically, ADA closed the Saturday daily candle above $1.40 (.5 Fib) and rebounded back above $1.50 yesterday. Today, it has...

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Cardano Price Analysis: ADA Struggles To Maintain The Critical $1.50, What’s Next?

ADA/USD – Bulls Battle To Maintain $1.50 Key Support Levels: $1.50, $1.38, $1.30, $1.23. Key Resistance Levels: $1.50, $1.60, $1.80. After dropping from the ATH at $2.50 earlier in the month during the crypto washout of May-19, ADA found support and surged higher from $1.23 at the beginning of the week to reach resistance at $1.80 (bearish .618 Fib) on Wednesday. There, it encountered solid resistance and ended up rolling over from there. As of now, the bulls attempt to...

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