Tag Archives: Price Analysis

BitcoinBitcoin pretty much moved sideways this week after slipping by a small 1%. While predominantly trading in a tight range, BTC did slip beneath a critical level on a couple of occasions but has managed to recover.Last week, Bitcoin fell beneath a rising trend line formation that had been in play since mid-March. This provided the first alert that the uptrend could be stalling. This week, BTC has found support at a shorter termed rising trend line, adding to the strength of the support at...

Binance Coin lost 3% over the past hours following a quick drop in Bitcoin’s price.The price continues to face rejection at a crucial resistance line after seven days of recovery.After the breakout, BNB consolidated and dropped back inside a demand zone of 0.0165 BTCBNB/USD: BNB Rejects At Resistance LineKey Resistance Levels: $16, $16.7, $18Key Support Levels: $15, $14.7, $13.6BNB/USD. Source: TradingViewBinance Coin decreased by 2.80% overnight following yesterday’s drop in Bitcoin’s price,...

Cardano starts the monthly opening on a bullish foot with a total of 13% gains over the past hours.The price is increasing following a huge daily buying volume.Against Bitcoin, ADA surged above last month’s high after seeing 11.11% gains today.ADA/USD: Cardano Signals Fresh Increase Key Resistance Levels: $0.095, $0.97, $0.1Key Support Levels: $0.082, $0.075, $0.064ADA/USD. Source: TradingViewThe price of Cardano is up by 12.50% over the past hours due to the weekly recovery in the entire...

The price slowly recovers after finding small support around $4.27.The daily decrease in volume shows that bears may be around the corner.LINK/USD: Trading Volume Is Fading AwayKey Resistance Levels: $4.9, $5, $5.5Key Support Levels: $4.27, $3.9, $3.5LINK/USD. Source: TradingViewChainlink’s performance has been quite impressive during the second quarter of 2020. The bulls are still trying to remain in control of the market.Looking at the volume on the daily chart – which reveals a consistent...

After witnessing a five-days correction, SNX recovered almost 6% over the last 48-hours trading.Sellers may resume pressure if the price fails to increase above the previous resistance.The trend is still looking bullish in the short-term despite the five-day selling.SNX/USD: It Maintains Lower High Lower High PatternKey Resistance Levels: $1.83, $1.92, $1.964Key Support Levels: $1.61, $1.56, $1.44SNX/USD. Source: TradingVIewSynthetix Network Token has been under a correction since the price...

BitcoinBitcoin witnessed a 1.5% price decline over the past week as the cryptocurrency drops into the $9,190 level. The coin was trading at this price at the start of the week as it managed to push higher into the $9,815 level. BTC was unable to overcome this resistance, which caused it to fall back into $9,190.The crucial thing about this week’s price drop is the fact that BTC looks like it broke beneath a rising trend line that has been in play since mid-March 2020. If BTC continues beneath...

After a two-week correction, LRC recently found a bottom and bounced back with 10% gains under 24 hours.It may start a new bullish cycle if the weekly low continues to hold as support.LRC/USD:  Loopring Forming Bull Flag PatternKey Resistance Levels: $0.089, $0.95Key Support Levels: $0.72, $0.62LRC/USD. Source: TradingViewEarlier this year, Loopring started to gain momentum after dropping to around $0.02 in March. After witnessing a three-month surge to $0.1168 on June 10, the price corrected...

The coin pulls back below $0.12 after increasing by 8% in a week.After a slight breakdown, sellers are now eyeing the 12000 SAT level.CRO remains bullish on the mid-term despite 4% drops overnight.CRO/USD: Price Consolidating After DropKey Resistance Levels: $0.1193, $0.126Key Support Levels: $0.113, $0.105CRO/USD. Source: TradingViewAfter breaking last week’s high at $0.1193, Crypto.com recorded a new high around $0.126 on Tuesday before the price dropped to where it’s currently changing...

Bancor regained momentum after rising above a two-week resistance with 42% gains in a week.It may pull back to the previous breakout level if buying volume starts to decrease.An increase above the current daily high may trigger more positive actions on a short-term perspective.BNT/USD: Bancor Trades Nicely Above $1Key Resistance Levels: $1.33, $1.5, $1.7Key Support Levels: $1.118, $1, $0.92BNT/USD. Source: TradingViewEarlier this year, Bancor traded as low as $0.17 due to insufficient trading...

DigiByte increased by 35% following its listing on Binance. The price is still trapped in a triangle pattern despite the latest surge. The bullish sentiment remains valid across trading pairs. DGB/USD: Digibyte Remains Trapped In a Triangle Key Resistance Levels: $0.0244, $0.0267, $0.030 Key Support Levels: 0.0205, $0.016, $0.013 DGB/USD. Source: TradingVIewFollowing yesterday’s listing on the leading cryptocurrency exchange, Binance, the price of DigiByte increased by almost 35% to reach...