Tag Archives: Price Analysis

Key Support levels: $0.78, $0.68 Key Resistance levels: $1, $1.2 After successfully testing the $0.78 level as support, ADA’s price quickly moved higher and is now approaching the key resistance at $1, which will be a significant test for buyers. The indicators are also turning quite bullish on this most recent price action, but volume continues to be lacking. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains flat so far. This is not ideal, but all...

After 80% correction since reaching its ATH, positive news about Shiba is popping and might cause a trend reversal. However, the SHIB price is facing challenges from a technical standpoint on its way up. The Daily Chart Technical Analysis by Grizzly On the daily timeframe, Shiba Inu’s SHIB is trading inside a falling wedge, which is a textbook bullish reversal pattern. The wedge was tested its upper boundary several times over the past month. The price is currently struggling...

After recording an all-time high at $3.10, Cardano entered into a correction that’s ongoing for 200 days so far. Meanwhile, bad news, such as delisting from the eToro exchange, has become a catalyst for further price retracement. Despite the rumors of burn mechanism rollout, there is no significant reaction. Technical Analysis by Grizzly The Daily Chart: Source: TradingViewOn the daily timeframe, ADA is trading in a descending channel (marked by yellow). During the downtrend,...

Fantom (FTM) lost 45% over the past ten days and 30% weekly, following the abandonment of its two key developers. FTM is now trading 66% below its all-time high recorded just five months ago. FTM, which had been very strong during the recent market retracement and even reached back to its ATH levels, experienced a significant collapse as the news was released. As a result, the ongoing price correction was intensified and turned into an additional 45% drop. The Daily Chart...

Cardano, one of the altcoins with exceptional performance in 2021, has now dropped 75 percent from its ATH. Recently, ADA lost the critical support level at $1. The price is now declining, forming a falling wedge, accompanied by 100-day MA (marked by a white line on the daily chart). The Daily Chart (USD Pair) Technical analysis by Grizzly The OBV indicator is also dropping below its downtrend line. Assessing these bearish signals, breaking above the red zone (static...

ADA’s price had found solid support upon the critical level at $0.84 and was managed to hold it for the past several days, also unable to move higher. This consolidation is likely to end sooner or later with a huge move. Key Support levels: $0.84, $0.68 Key Resistance levels: $1, $1.1 As seen on the chart below, after getting rejected last week trying to break above the $1 key resistance level, ADA’s price quickly retraced down to retest the $0.84 mark. If buyers cannot push...

Key Support levels: $0.85 Key Resistance levels: $1, $1.1 ADA appears to be consolidating in a tight range between the $1 resistance and $0.85 support. While the indicators are turning bullish, the price action lacks momentum to take the cryptocurrency higher at the time of this post. Nevertheless, buyers may try to break above $1 again soon. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains healthy, but appears insufficient to take ADA above $1 at...

Last Thursday, ADA plunged below key support; however, the Cardano native token was able to recover quickly. Since then, ADA saw a decent rebound with a long wick below the key support. Key Support levels: $0.85 Key Resistance levels: $1, $1.1 In our most recent analysis, ADA wicked below the critical support at $0.85, but it managed to reclaim it and confirm this level as support since then. This is a textbook bullish price action, but the main question is if ADA can sustain...

Key Support levels: $0.68 Key Resistance levels: $0.85 ADA’s price lost the key support at $0.85 and is falling quickly. The level has now turned into resistance, and the cryptocurrency may fall all the way to $0.68 where buyers may attempt a reversal. The outlook is bearish and ADA is approaching oversold conditions. Chart by TradingViewTechnical Indicators Trading Volume: The large selling volume today has pushed the price much lower. An increasing volume during a decline...

Key Support level: $48  Key Resistance level: $64, $79 The positive market sentiment is well reflected by Luna’s price, which rallied after touching the key support at $48. The cryptocurrency has skyrocketed towards $60 and does not look ready to stop until the key resistance at $64. If Luna is able to move above that level, then the next resistance is found at $79. Chart by TradingViewTechnical Indicators Trading Volume: The buying volume in the past two days was good, and...