Category: Analysis

Will This Level Support a Rebound?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Weakens: Can It Defend the $2,500 Level?

Ethereum price started a downside correction from the $2,700 zone. ETH is now consolidating and struggling to stay above the $2,500 support. Ethereum started a downside correction below the $2,650 and $2,620 levels. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise again if it stays above the $2,550 support zone. Ethereum Price Trims Gains And Revisit $2,550 Ethereum…

Dogecoin Major Metrics Fire Bullish Signals, Can Price Cross $0.5

Dogecoin has shown a remarkable recovery over the past five days after a significant downturn triggered by a broader market sell-off. During the first five days of August, the cryptocurrency experienced a sharp decline, plummeting by 38%, dropping from $0.1348 to a low of $0.0831. However, DOGE has demonstrated resilience in the face of these challenges. After hitting the $0.0831 mark, the cryptocurrency began to stage a notable comeback.  Over the last five days, DOGE has rebounded by approximately 25%, a recovery that has lifted its price significantly from its…

XRP Has Surpassed Bitcoin, Ethereum, And Solana Combined In This Metric

The long-standing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has finally made significant progress in court, and the case may be nearing its end, with a surge for XRP. As expected, this development revitalized interest in XRP, Ripple’s native cryptocurrency, which in turn led to a noticeable surge in XRP’s activity across the crypto industry.  On-chain data reveals a surge in the number of transactions and trading volumes for XRP on major cryptocurrency exchanges. One of the most noteworthy instances of this trend can be…

Bitcoin Price Reclaims $60K: Is The Rally Resuming?

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Bitcoin price gained pace for a move above $58,000 and $60,000. BTC is up over 10% and is signaling more upsides in the near term. Bitcoin started a decent increase above the $56,500 and $58,250 levels. The price is trading above $60,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might eye more upsides above the $62,500 resistance zone. Bitcoin Price Could Extend Gains Bitcoin…

Analyst Says Bullish Divergences Are Still Present, Here’s Why

XRP is currently trading slightly above the $0.50 price level, having experienced a significant price decline that erased most of its gains from the previous month. XRP managed to break through the $0.60 price level in a rally last month, although this surge was short-lived, lasting only a few days. Despite this setback, crypto analyst Javon Marks notes that there are still bullish divergence patterns present in the market, suggesting that another breakout could be on the horizon. These patterns indicate potential upward momentum, hinting at a possible recovery and…

Ethereum Price Shows Weakness: Can It Overcome The Struggles?

Ethereum price failed to continue higher above the $2,550 resistance zone. ETH is now consolidating near $2,450 and showing a few bearish signs. Ethereum started a recovery wave above the $2,400 and $2,420 levels. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $2,550 resistance zone. Ethereum Price Struggles Below $2,550 Ethereum price started…

Bitcoin Price Eyes Additional Upsides: Will The Recovery Persist?

Bitcoin price is consolidating near the $57,500 zone. BTC could gain bullish momentum if it clears the $58,000 resistance zone in the near term. Bitcoin started a recovery wave above the $55,500 and $56,500 levels. The price is trading above $57,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $56,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to clear the $58,250 resistance zone. Bitcoin Price Could Continue Higher Bitcoin…

Bitcoin is no digital gold safehaven

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Bitcoin is no stranger to volatility or even to 30% “pullbacks” in bull markets. But once in a while the market descends into chaos, reviving the debate on whether bitcoin is a risk asset or a safe haven amid tumult. After the benchmark S & P 500 index on Monday dropped 3% in its worst session since September 2022 , and bitcoin fell 10% for its worst day since November 2022, investors and market observers are again questioning the cryptocurrency’s store-of-value narrative . “It’s a speculative thing,” Nassim Taleb, Universa…

Solana Price (SOL) Gains Traction: Poised for Further Increase?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…