Tag Archives: Price Analysis

ADA/USD – Bulls Set New ATHs Above $1.50 Key Support Levels: $1.37, $1.20, $1.15.Key Resistance Levels: $1.56, $1.62, $1.69. Cardano saw a strong 17% price surge this week, allowing the cryptocurrency to finally break $1.50 and set a new ATH at $1.56. Before this price move, ADA struggled to close a daily candle above $1.37 (1.414 Fib Extension). It had reversed from $1.37 toward mid-March and dropped until support was found at an ascending trend line. In the first few days...

Bitcoin Bitcoin moved sideways over the last week of trading as it sits at $58,500. At the start of the week, the cryptocurrency made multiple attempts to break the $60,000 level but failed on each attempt. It then went on to establish support at $57,000. However, this support was penetrated on Wednesday as BTC plummeted as low as $55,440. Luckily, the buyers regrouped at this low and managed to allow BTC to rebound above $58,000 yesterday. Today, BTC continued higher to...

BNB/USD – Bulls Set New ATHs Above $400 Key Support Levels: $380, $350, $325.Key Resistance Levels: $400, $410, $441.50. Binance Coin is up by a total of 40% over the past week, allowing it to set a new all-time high price at $401. The cryptocurrency found support at $320 after struggling to break resistance at $348.66 (1.414 Fib Extension) earlier in the week. This level was finally penetrated yesterday, which allowed BNB to rise into the $380.86 resistance (1.618 Fib...

ADA/USD – Rangebound Trading Continues Key Support Levels: $1.15, $1.07, $1.00.Key Resistance Levels: $1.20, $1.24, $1.30. ADA has been trapped between $1.24 and $1.15 for the past eleven days of trading. Alongside this narrow range, ADA is also trading inside a short-term symmetrical triangle pattern as it continues to consolidate toward the apex. Additionally, it is doing well to hold above the 20-day EMA. A breakout of this range should dictate the next direction of...

This week was undoubtedly bullish in the cryptocurrency market. The major coins saw serious increases. The same is true for small-cap cryptocurrencies, as the notion of a booming altcoin season is strengthening. Bitcoin Bitcoin is up by a strong 15.8% this week as the cryptocurrency starts to push back toward the $60,000 level. It found support at the 50-day MA last week, at around $50,200, and started to rebound. Throughout the course of the week, Bitcoin managed to push...

ADA/USD – Bulls Fade At $1.20 Key Support Levels: $1.10, $1.00, $0.95.Key Resistance Levels: $1.20, $1.30, $1.37. ADA dropped by a total of 3% today as the cryptocurrency continues to fall short at $1.20. It had bounced from support around $1.07 (.382 Fib) last week but struggled to close a daily candle above the $1.20 resistance since rebounding. ADA has now been rangebound between $1.37 and $1.00 for the entire period of March 2021, and a breakout of one of these two...

It was a tough week in the cryptocurrency market as the majority of it is in the red. The big exception this week is THETA which skyrocketed and found a place in the top 10.BitcoinBitcoin is down by a total of 8% over the past week of trading as the cryptocurrency currently trades at $53,330. It attempted to break resistance at $60,000 last weekend but failed. As a result, it started to head lower on Sunday and went on to break beneath the March ascending trend line on Monday.After that,...

ADA/USD – Market Falls Into .618 Fib SupportKey Support Levels: $1.17, $1.10, $1.00.Key Resistance Levels: $1.30, $1.47, $1.46.ADA is up by a total of 10.5% since rebounding from support at an ascending trend line at $1.00 last week. After the rebound, ADA went on to surge as high as $1.46. The price surge was driven by the fact that ADA had been added to the Coinbase Pro platform.Unfortunately, it was unable to close a daily candle above resistance at $1.37 (1.414 Fib Extension level) and...

We saw a rollercoaster of price action over the past seven days as Bitcoin went to set a new all-time high slightly below $62K, only to retrace to about $53K a couple of days later. Most of the altcoins followed suit, though some came out of it better than others.BitcoinBitcoin is up by a small 2% over the past week as it trades at the $59,000 level. The cryptocurrency had surged higher last weekend to set a new ATH at $61,781. It was trading inside an ascending price channel for the majority...

ADA/USD – Bulls Approach ATH PricesKey Support Levels: $1.37, $1.30, $1.22.Key Resistance Levels: $1.48, $1.52, $1.62.Cardano has surged by a whopping 45% over the past three days as it reaches resistance at $1.46 (1.618 Fib Retracement). The cryptocurrency had dropped into the $1.00 support at the end of last week and rebounded from there on Tuesday.After the bounce, ADA went on to climb higher as it reached the resistance at $1.37 (1.272 Fib Extension) yesterday. Today, the 16.5% price hike...