Category: Analysis

Will Bulls Step In to Protect the Trend?

Este artículo también está disponible en español. Ethereum price struggled to continue higher above the $2,750 resistance. ETH started a downside correction and traded below the $2,680 support. Ethereum started a downside correction below the $2,680 support. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,650 and $2,680 resistance levels. Ethereum…

LayerZero Under Intensified Bearish Pressure, Halting Recovery Efforts

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

WIF Price Approaches $2.89 Resistance As Bulls Regain Control

Dogwifhat (WIF) has resumed its upward trajectory, with the price approaching the key $2.89 level as bulls take back control. After a period of consolidation, renewed buying pressure has fueled the meme coin’s rise, signaling that momentum is once again favoring the bulls. With increased buying pressure and positive market sentiment, WIF is showing signs of an impending uptrend.  As WIF edges closer to this significant resistance level, this article will assess its recent price action, highlighting the bulls’ regained strength. Through an analysis of key technical indicators and market…

Bitcoin Price Gains Steam: Is a New Surge on the Horizon?

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Bitcoin price started a fresh rally above the $65,500 resistance zone. BTC is now consolidating and might clear the $68,000 resistance to continue higher. Bitcoin is up over 7% and now shows a lot of positive signs. The price is trading above $66,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $66,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $68,000 resistance zone. Bitcoin…

Bitcoin Cash (BCH) Soars 20%: Can The Momentum Last?

Bitcoin Cash price started a major increase above the $350 resistance. BCH is consolidating and might aim for more gains above the $385 resistance. Bitcoin cash price started a fresh increase above the $350 level. The price is trading above $365 and the 100-hour simple moving average. There is a connecting bullish trend line forming with support at $355 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could start another increase if it clears the $380 resistance zone. Bitcoin Cash Price Starts Fresh Surge…

Ethereum Price Surges: Can the Rally Sustain?

Este artículo también está disponible en español. Ethereum price started a fresh increase above the $2,500 resistance. ETH is up over 5% and might continue to rise if it clears the $2,650 resistance. Ethereum started a fresh increase above the $2,500 and $2,550 resistance levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,620…

Can the Rally Push On?

Este artículo también está disponible en español. Bitcoin price started a fresh rally above the $64,500 resistance zone. BTC is now consolidating and might struggle to surpass the $66,400 resistance. Bitcoin is up over 5% and now faces hurdles near the $66,400 zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close…

WIF Bulls Charge Toward $2.89 As Key Resistance Test Looms

Recent trading activity reveals that WIF is gaining bullish momentum, with its price surging toward the critical $2.89 resistance level. After a brief pullback, buyers are stepping in, driving the asset higher and setting the stage for a potential breakout. A successful break could open the door to new gains, further reinforcing the positive sentiment in the market. As the price approaches this crucial level, the goal of this analysis is to determine whether WIF can sustain its upward strength and break through the $2.89 resistance. By evaluating key technical…

MicroStrategy at highest level relative to bitcoin since 2019, per Wolfe

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While “boring” bitcoin has been chopping sideways since March, bitcoin proxy MicroStrategy is trading at its highest level relative to the flagship crypto since 2019. Wolfe Research managing director Rob Ginsberg said he “loves [MicroStrategy’s] chances to get out and continue climbing,” but that the stock is overbought in the near term. He suggested a bitcoin hedge. MSTR BTC.CM= YTD mountain Bitcoin and MicroStrategy in 2024 “Lack of enthusiasm for the once high flying asset class is one of the factors that led us to maintain a more defensive, risk…

Tron (TRX) Holds Green as Markets Fall: Can It Keep Going?

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…