Tag Archives: Price Analysis

BitcoinOn the daily chart, Bitcoin’s price was maintained by the support in the range of the 200MA which is forming around $9100. It’s fragile and it could lose altitude down to the $8600 area. Resistance in this range is at around $9600 and it seems stable. However, it should be accounted for the fact that the market is in a volatile period and it’s not advisable to hold Stop-Loss orders these days.EthereumAgainst the USD, ETH failed to break the resistance at $190 and the price was...

Stellar saw a sharp increase of around 18% over the past 24 hours and it currently trades at $0.0811. This price increase comes after Stellar announced that they will be burning over half of their tokens. The Stellar foundation now controls around 30 billion XLM which is divided into a few buckets. 12 billion of it is in their direct development fund which is intended to support the organization.  Stellar is up by a total of 22.53% over the past 7 days and 28% over the past 30 days. Stellar...

Stellar saw a sharp increase of around 8% over the past 24 hours and it currently trades at $0.068. The cryptocurrency went on a nice run in the second half of October after increasing by a total of 17% over the last 30 days.Stellar is now the tenth-largest cryptocurrency with a market cap of $1.39 billion.XLM suffered over the past 3 months after dropping by a total of 63% from June’s high to September’s support at $0.053. XLM rebounded here and started to ascend during October. The...

Binance Coin saw a slight increase of around 4% over the past 24 hours and it currently trades at $20.24. BNB managed to surge by a total of 20% this past week which caused it to break above the resistance at $20.Binance Coin remains the seventh-largest cryptocurrency with a market cap of $3.15 billion.Since our previous BNB analysis, the cryptocurrency continued to climb above the resistance at $18.85 and managed to break above the $20 level. BNB continued to rise until meeting resistance at...

BitcoinThe spike from $7,350 to $10,348 brought the hype around Bitcoin back and the declines are already behind our backs. The price corrected down to $9100 and we can also see attempts to build support in this range and the 0.38 Fibonacci levels, suggesting a bullish trend on the charts. A healthy correction would restore the 0.618 Fibonacci levels in the $8500 range, leading up to the next level at $10,200.EthereumAgainst the USD, the price is trying to break the resistance built around...

The latest increase in the cryptocurrency market had an impact on the price of TRX as well. However, despite the fact that the market is stalling today, Tron’s surge continues. The most recent news coming from China appears to have impacted most of the market, especially Chinese-based projects. However, apart from that, Tron recently announced a few major updates which may have also boosted its value against both USD and Bitcoin.Updates From TronJust today, an official announcement from the...

BAT saw a 7% increase today and it currently trades at $0.25. This price increase comes at the same time the entire market is collapsing. It seems that BAT is battling against the overall trend after surging by a total of 24% over the past 2 weeks alone. Basic Attention Token is the 28th largest cryptocurrency as it holds a market cap of $336 million. Apart from Chainlink, BAT is the strongest performing cryptocurrency out of the top 30 ranked projects after rising by a total of 33% over the...

BitcoinThe price was supported on critical levels as indicated in the chart. Meanwhile, it holds positively and produces higher lows that are technically healthy. However, it should be considered that a potential correction could set us back as far as $6,000. Support in the $8,000 range held this week. We saw a failed attempt to break above the 200MA and the upward trend stopped at $8,350.EthereumAgainst the USD, the price has been relatively stable since the last correction. Resistance is at...

Binance Coin saw a slight increase of around 1.11% over the past 24 hours and it currently trades at $18.21. This small growth follows a much larger 14.55% surge over the past 2 weeks. Despite the recent rebound, BNB still faces a long road to recovery after suffering a 35% plummet over the last 3 months.Binance Coin remains the seventh-largest cryptocurrency with a market cap of $2.85 billion.Since our previous BNB analysis, Binance Coin continued to trade sideways, unable to break above the...

Binance Coin saw a slight increase of around 2.14% over the past 24 hours and it currently trades at $18.50. This price increase follows a 6.62% price rise over the past week. The latest price increase could be attributed to the fact that Binance recently conducted its 9th quarterly burn for BNB. This time, over 2 million BNB was burned which is estimated to be around $36 million. The reduction in supply usually helps to bolster the price, however, the reaction is typically delayed. ...