Tag Archives: Price Analysis

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...

This week was quite exciting in the cryptocurrency market as a lot of the major coins managed to recover. Unfortunately, this wasn’t the case for all of them, so let’s have a look at some of the most interesting performers throughout the past seven days.BitcoinBitcoin is up by a powerful 15.8% over the past week as the cryptocurrency edges near the ATH price again. It started the week by rebounding from support at $47,200 (.382 Fib) and began to push higher over the weekend.The coin broke...

ADA/USD – Bulls Continue To Defend $1.10Key Support Levels: $1.10, $1.07, $1.00.Key Resistance Levels: $1.20, $1.30, $1.38.ADA is down from the late February highs of around $1.48. The cryptocurrency had been falling in the first few days of March until support was met at $1.10. Since then, ADA has managed to close every daily candle above the level.It has now been trapped within a range between $1.20 and $1.10 for the past eight days of trading and must break out of this range to dictate the...

ADA/USD – Bulls Attempt To Defend $1.10.Key Support Levels: $1.07, $1.00, $0.944.Key Resistance Levels: $1.20, $1.32, $1.40.ADA is down by a total of 13.5% over the past week as it slips from above $1.30 to reach the current $1.11 level. There was a bearish divergence that was playing out from mid-Feb to the start of March that caused the market to roll over from $1.30 over the past week.After rolling over, the coin dropped beneath $1.30 and continued to fall until the market found support at...

BitcoinBitcoin is more or less trading at the same level it was last week around the same time. The cryptocurrency had dropped as low as $43,000 on Sunday, but it quickly bounded higher to close the daily candle above $44,750.On Monday, Bitcoin started to show some promise as it surged higher from $44,750 to reach as high as $49,600. Over the following three days, the cryptocurrency managed to spike back above the $50,000 level. However, it met resistance at $52,480 (bearish .618 Fib) and...

ADA/USD – Bearish Divergence Sends Market LowerKey Support Levels: $1.07, $1.00, $0.944.Key Resistance Levels: $1.20, $1.32, $1.40.ADA is down by 9% as it falls beneath the support at $1.22 (.236 Fib) to reach $1.14. The cryptocurrency is now down by a total of 23% since hitting the ATH price at $1.48 last week. Nevertheless, ADA is still up by a whopping 224% over the past month of trading, so the retracement could be somewhat expected.There were hints of bearish divergence since...

ADA/USD – Market Rolls Over After Upgrade Hits MainnetKey Support Levels: $1.22, $1.07, $1.00.Key Resistance Levels: $1.32, $1.40, $1.49.The Mary upgrade for Cardano hit the mainnet a few hours ago, and ADA seems to have dropped by a small 2.8% to reach the support at $1.22 (.236 Fib). The cryptocurrency had clocked in a new ATH price on Saturday as it reached as high as $1.49, but it could not close a daily candle above $1.32 over the weekend.Today, the 3% price drop caused ADA to drop into...

ADA/USD – Bulls Ignore Overall Bearish Market And Set Fresh ATHKey Support Levels: $1.30, $1.22, $1.10.Key Resistance Levels: $1.49, $1.56, $1.61.While the overall market continues to struggle, Cardano bulls are forcing new ATHs today as the cryptocurrency surged past the previous ATH at $1.20 yesterday to set a new one today at $1.49.Cardano did see some sideways price movement during the week with the weakness generated from Bitcoin. However, ADA managed to remain supported at $0.95,...

This week saw a serious correction throughout the entire cryptocurrency market. Bitcoin lost, at one point, about $13,000 of its value as it went through one of the most serious declines since the start of the current bull run. With this said, we take a look at the following cryptocurrencies.BitcoinBitcoin has seen a turbulent week in which the price dropped to the current $48,000 level. The cryptocurrency was trending higher last week to set a new ATH price above $58,000.However, on Sunday,...