Tag Archives: Price Analysis

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...

ADA’s price has found good support at $0.85 and now appears ready to enter a relief rally. Key Support levels: $0.85 Key Resistance levels: $1, $1.1 ADA fell to the critical support at $0.85, and now the price is keen to move back up towards the resistance at $1. It is unlikely for the cryptocurrency to break above it, but at least market participants might soon see a rally towards it. Chart by TradingViewTechnical Indicators Trading Volume: The volume is picking up after...

Key Support level: $0.000023 Key Resistance levels: $0.000028 SHIB fell below the critical level at $0.000028, which has now turned into resistance. The next support is found at $0.000023. The current downtrend in price is unlikely to stop until SHIB reaches the key support. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains low and gives no indication of recovery. Sellers have dominated the chart so far. RSI: The daily RSI fell under 50 points and is...

Following the recent bearish market sentiment, Cardano’s ADA lost the psychological key support level of $1. In case this level won’t get reclaimed by today’s daily close, ADA will record a full-candle body trading below $1 for the first time since February 2021 (!). Key Support levels: $0.84, $0.68 Key Resistance levels: $1, $1.2 Over the past month, ADA was trading amid the $1 mark. Despite two wicks below in January, the price action and the daily candles were above or...

Key Support level: $0.000028 Key Resistance levels: $0.000034 SHIB appears unable to rally above the current key support at $0.000028, and this most recent attempt was quickly stopped by the bears. This price action may lead the cryptocurrency to retest the key support and put pressure on buyers again. The key resistance at $0.000034 remains well defended so far. Chart by TradingViewTechnical Indicators Trading Volume: The volume is falling. For this reason, the key support...

Key Support levels: $1.6, $1.4 Key Resistance levels: $1.8, $2 MATIC’s price saw a sharp drop after hitting the $2 resistance and fell all the way to $1.6 at the time of this post. If the correction continues, then the cryptocurrency can rely on good support at $1.4. The current resistance sits at $1.8. Chart by TradingViewTechnical Indicators Trading Volume: In the past five days, the volume has closed in red, singling a strong pullback after buyers failed to push MATIC...

After an impressive rally last week, SHIB had seen a correction, facing the key support level. Will support hold? Key Support level: $0.000028 Key Resistance levels: $0.000034 Last week, SHIB rallied over 50%, reaching our key resistance at $0.000034. Since then, the price corrected back to the support at $0.000028 and now consolidates above the level. If the sentiment remains bullish on Monday and key support holds – SHIB may see a renewed rally. Chart by...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Shiba Inu. Ethereum (ETH) ETH failed to push above $3,200 this week and fell back on the $3,000 support level yesterday, where the price is now consolidating. Despite this most recent pullback, the cryptocurrency had a stellar performance this week, with a 16% price increase in the past seven days. The big question is if ETH can hold above $3,000. If it manages to do so, then bulls might be in a...

After a short pullback, SHIB appears keen to move higher and challenge the next critical resistance at $0.000037. Key Support level: $0.000029 Key Resistance levels: $0.000037 SHIB had seen a short-term spike as buyers were impatient following the descending channel’s breakout. Today’s bullish engulfing candle indicates that SHIB can continue higher and challenge the key resistance at $0.000037 very soon. On the other hand, the key support level at $0.000029 and was...