Bitcoin cash price started a downside correction from the $245 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours). There is a key declining channel or a bullish flag pattern forming with resistance near $240 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $232 and $230 support levels. Bitcoin cash price is declining from the...
Read More »EOS Price Analysis: Risk of More Losses Below $0.65 Escalates
EOS price started a fresh decline after it failed to clear $0.735 against the US Dollar. The price is now trading below $0.720 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.710 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.7000 and $0.7200 resistance levels. EOS price is struggling below $0.700 against the US Dollar,...
Read More »Litecoin (LTC) Price Analysis: Bulls Struggle To Start Fresh Increase
Litecoin started a fresh decline from the $72.50 resistance zone against the US Dollar. LTC price is now trading below $70.00 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $67.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $64.20 support zone. Litecoin price is struggling below $70.00 against the US Dollar, like...
Read More »Solana (SOL) Price Analysis: Rally Could Extend To $120
Solana price started a strong increase above the $92.00 resistance against the US Dollar. The price is now trading above $100 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $100 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $105 and $112 to continue higher in the near term. Solana price is trading in a positive zone above $100 against the US Dollar, like...
Read More »Bitcoin Price Analysis: BTC Restarts Increase And Aims More Gains
Bitcoin price is attempting a fresh increase from the $38,500 zone against the US Dollar. The price is now trading above $41,000 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $40,500 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $43,800 resistance zone. Bitcoin price is rising from $38,500 against the US Dollar. BTC might...
Read More »Cardano (ADA) Price Analysis: Can Bulls Push It Above $0.535?
ADA price is attempting a fresh increase from the $0.500 zone against the US Dollar. The price is now trading above $0.510 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.490 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.5350 and $0.5500 levels. Cardano price is holding the $0.500 support against the US Dollar, like Bitcoin. ADA price...
Read More »Ethereum Price Analysis: ETH Could Regain Strength Above $2,350
Ethereum price is eyeing an upside break above the $2,350 resistance against the US Dollar. ETH price is now trading above $2,280 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $2,250 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,240 support zone. Ethereum price is consolidating above the $2,280 level against the US Dollar. ETH/USD could rise...
Read More »Stellar Lumen (XLM) Price At Risk of Another Drop To $0.10
Stellar lumen price is moving lower from the $0.1165 resistance zone against the US Dollar. XLM price is now trading below $0.1150 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.1152 on the 4-hour chart (data feed via Kraken). The pair could extend its decline below the $0.1120 support zone in the near term. Stellar lumen price is trading below $0.1160 against the US Dollar, like Bitcoin. XLM price...
Read More »XRP Price Analysis: Bulls Struggle To Clear Key Hurdles
XRP price started a fresh decline from the $0.5550 resistance against the US dollar. The price is now trading below $0.540 and the 55 simple moving average (4 hours). There is a key bearish trend forming with resistance near $0.5300 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.510 support zone. XRP price is struggling below $0.555 against the US Dollar, unlike Bitcoin. The price could decline...
Read More »Bitcoin Cash Analysis: Bears Gain Strength Below $250
Bitcoin cash price started a fresh decline from the $260 zone against the US Dollar. The price is now trading below the $250 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $238 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $240 resistance zone. Bitcoin cash price is struggling below the $250 zone against the US Dollar,...
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