Tag Archives: Price Analysis

It’s safe to say that the past 7 days were particularly intense on the cryptocurrency market. The cryptocurrency that expanded the most out of the large-caps is Binance Coin (BNB) as it surged by a whopping 150% in a week.BitcoinBitcoin is up by a strong 14.8% this week as the cryptocurrency continues to set new ATH prices today. Last week, it was battling with the resistance at $48,570, provided by a 1.414 Fib extension level.This level was only penetrated on Tuesday, which allowed Bitcoin...

BNB/USD – Bulls See 332% Price ExplosionKey Support Levels: $180, $157, $150.Key Resistance Levels: $200, $218, $240.Binance Coin is up by an extraordinary 332% over the past two weeks. The cryptocurrency was trading at just $50 at the beginning of February.Yesterday, the BNB bulls managed to push past $150 as they continued higher today to reach $196. It has since dropped slightly.BNB/USD Daily Chart. Source: TradingViewBNB-USD Short Term Price PredictionMoving forward, the first resistance...

ADA/USD – Cardano Bulls Back On The OffesniveKey Support Levels: $0.813, $0.711, $0.629.Key Resistance Levels: $0.941, $1.00, $1.10.Cardano had pushed higher above an ascending price channel at the start of February and started to turn parabolic. It continued to surge until it met resistance at $0.941 (1.618 Fib Extension – red) last week.From there, ADA started to decrease. It managed to find support at $0.813 (.236 Fib) and defended this level pretty well. Yesterday, ADA did spike as low as...

BitcoinBitcoin is up by a solid 28.2% this week as the coin set a new ATH today at $49,000. The cryptocurrency had penetrated above the previous consolidation pattern at the start of the month and started to push higher over the past week.On Monday, BTC surged from $38,800 to reach the resistance at $46,427 (1.618 Fib Extension – red). There, it established an ascending price channel. It took a couple of days for BTC to break that level.Today, Bitcoin climbed higher to set the new ATH at...

ADA/USD – Cardano Reaches Top Three Ranked ProjectsKey Support Levels: $0.9, $0.789, $0.691.Key Resistance Levels: $0.989, $1.10, $1.17.Cardano has been on a mesmerizing run this past week as it managed to soar by 120% to reach the current $0.952 level and become the third-largest cryptocurrency by market cap, just behind Ethereum.The cryptocurrency had been trading within an ascending price channel through January 2021. Last week, it managed to break the upper boundary of this price channel...

BNB/USD – Bulls Set Fresh ATH Near $150.Key Support Levels: $110, $105, $100.Key Resistance Levels: $130, $137.70, $148.37.Binance Coin has absolutely exploded this week after surging by a total of 149%. The coin was trading at just $50 a few days ago as it started to push higher to reach $80 on Monday.From there, it started to turn extremely parabolic as it broke past $100 yesterday and continued higher today to set a new ATH price at $148.37 (1.618 Fib Extension).This type of growth for a...

ADA/USD – Cardano Climbs Into 4th Ranked PositionKey Support Levels: $0.6, $0.54, $0.5.Key Resistance Levels: $0.67, $0.7, $0.78.Over the past three days, Cardano has managed to surge by a total of 45% after rising from $0.44 to reach the current $0.66 level. On Friday, the cryptocurrency penetrated beyond the upper boundary of an ascending price channel as it turned parabolic.Yesterday, it broke beyond resistance at $0.55, allowing it to climb above $0.6 and reach as high as $0.67. Today, It...

This week saw nothing but green on the cryptocurrency markets as it seems everything is surging. Ethereum charted a new ATH, as well as many other altcoins, while Bitcoin attempts to reclaim $38K.BitcoinBitcoin saw a 15% price surge this week as the sentiment starts to turn bullish again for the primary cryptocurrency. The coin had been in a consolidation phase since hitting its ATH price at $42,000 last month. Since then, it has pretty much traded sideways within the confines of a descending...

AAVE/USD – Bulls Turn Parabolic Above Ascending Price ChannelKey Support Levels: $445, $400, $378.50.Key Resistance Levels: $500, $520, $548.Aave has turned parabolic after managing to surge by a whopping 72% over the past week alone. The cryptocurrency had been rising throughout January as it remained confined within an ascending price channel.Yesterday, AAVE surge by a total of 27%, allowing the cryptocurrency to reach the upper boundary of this price channel. The further 45% price hike...

BNB/USD: Fresh ATH, $50 Next?Key Support Levels: $48, $47, $46.16.Key Resistance Levels: $50, $51.50, $52.71.Binance Coin had recorded its previous ATH on January 19th, 2021, when it managed to hit the $47 level. From there, it started to head lower until support was found at $38 on January 21st, which allowed BNB to rebound.Over the past week, BNB had climbed by a total of 17%. However, today alone, BNB added 9% to its price to break $47 on the way to a new all-time high price of $49.70, as...