Category: Analysis

Ethereum Price Consolidates Gains: Is It Ready for Another Push?

Ethereum price started a fresh increase above the $2,600 resistance. ETH is consolidating gains and might aim for a move above the $2,720 resistance. Ethereum started a decent increase above the $2,650 zone. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,650 and $2,720 resistance levels. Ethereum Price Eyes More Gains Ethereum price formed…

Ethereum Price Lags While Bitcoin Moves Toward New ATH

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Este artículo también está disponible en español. Ethereum price started a fresh increase above the $2,580 resistance. ETH is still very far from a new all-time high while Bitcoin is near ATH. Ethereum started a decent increase above the $2,620 zone. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,530 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,650 and $2,680 resistance levels.…

XRP Price Fights to Build Momentum While Bitcoin and ETH Surge

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 Follows Bitcoin’s Rally, But Momentum Falls Short

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Este artículo también está disponible en español. Ethereum price started a fresh increase above the $2,550 resistance. ETH is following Bitcoin’s rally, but it is lacking the same strength. Ethereum started a decent increase above the $2,600 zone. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,630 and $2,650 resistance levels. Ethereum Price Starts…

Dogecoin (DOGE) Poised for Another Rise: Can Bulls Drive Higher?

Dogecoin is consolidating above the $0.1320 support zone against the US Dollar. DOGE must clear the $0.1425 resistance to start another increase. DOGE price started a downside correction from the $0.1500 resistance level. The price is trading below the $0.1420 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1425 and $0.1450 resistance levels. Dogecoin Price Eyes Upside…

Will It Break Through and Resume Its Rise?

Este artículo también está disponible en español. Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,550 level. Ethereum started a recovery wave from the $2,450 zone. The price is trading below $2,560 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,580…

Cardano (ADA) Struggles to Build Bullish Momentum: Will It Turn Around?

Cardano price started a fresh decline below the $0.3550 zone. ADA is consolidating above $0.3400 and might attempt a recovery wave. ADA price started a downward move below the $0.3500 support level. The price is trading below $0.3550 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.3600 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.3585 resistance zone. Cardano Price Consolidates Losses After testing…

Solana (SOL) Hints at Downside Correction: Can It Hold Key Support?

Solana struggled to clear the $172 resistance zone. SOL price is correcting gains and might soon test the $162 support zone. SOL price is correcting gains from the $172 resistance zone against the US Dollar. The price is now trading above $162 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $166 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could revisit the $162 support zone before the bulls take a stand. Solana Price…

Bitcoin Price Pauses In Consolidation: Aiming for New Gains

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Bitcoin price started a downside correction and tested the $66,500 zone. BTC is now consolidating and might aim for a fresh increase above $67,800. Bitcoin struggled to test the $70,000 resistance zone and started a downside correction. The price is trading below $67,500 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with support at $67,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a close below the $66,500 zone. Bitcoin…

Tudor Jones is long gold and bitcoin as hedge fund titan believes ‘all roads lead to inflation’

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Billionaire hedge fund manager Paul Tudor Jones said Tuesday he is long gold and bitcoin as he expects that the path forward will be inflationary regardless of who lands in the White House — though he has started positioning for a Trump victory. “I think all roads lead to inflation,” Jones told CNBC’s “Squawk Box” on Tuesday. “I’m long gold. I’m long Bitcoin. I think commodities are so ridiculously under-owned, so I’m long commodities. I think most young people find their inflation hedges via the Nasdaq, that’s also been great.”…