Tag: Key

XRP Price Weakens Again, Key Demand Area Tested After Steady Downmove

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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…

Solana (SOL) Recovers, but Key Resistance Levels Continue to Cap Upside Attempts

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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…

Bitcoin Pauses Decline and Moves Into Consolidation Near Key Levels

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Bitcoin price found support near $89,250. BTC is now correcting some losses but faces many hurdles near $93,500 and $94,200. Bitcoin started a fresh decline below $94,000 and $93,500. The price is trading below $93,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $90,700 zone. Bitcoin Price Attempts Recovery Bitcoin price failed to stay in a…

Bitcoin enters death cross while market tests key levels

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Can Bitcoin regain momentum after forming a death cross, or will the setup echo the extended weakness seen in 2022? Summary Bitcoin has formed a death cross after falling below its 50-day and 200-day moving averages. Analyst Ali Martinez points to historical cycles and MVRV data to outline possible lower levels if weakness continues. Egrag Crypto disagrees, arguing that moving averages have lost reliability and that the market remains intact above long-term support. Bitcoin has entered a technical pattern commonly known as a death cross, as its short-term moving average…

A16z’s Sees Arcade Tokens As Key To Crypto Evolution

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More crypto projects should consider using a blockchain-based equivalent to airline miles to grow their user base and power their economies, according to executives from venture capital firm a16z. In a report published on Thursday, a16z stated that one of crypto’s most underappreciated token types is called “arcade tokens.” These tokens maintain a relatively stable value within a specific software or product ecosystem, similar to airline miles rewards, credit card points or in-game currencies. They enable users to perform specific functions within that ecosystem, rather than being held for speculation.  “Though…

Bitcoin Slides Deeper Into Red, Extending Decline Toward Key Support Zones

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Bitcoin price failed to recover above $96,500. BTC is down over 3% and there are chances of more downsides below $92,000. Bitcoin started a fresh decline below $95,000 and $94,500. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $96,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $92,500 zone. Bitcoin Price Dips Further Bitcoin price failed to stay in…

Bitcoin In Bullish Confluence: Death Cross And Key Support Signal Upside

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Bitcoin’s technical structure is flashing a rare and powerful signal. Despite a recent price dip, a bearish-sounding Death Cross has just triggered precisely at a major structural support, the lower boundary of a long-term pattern. This bullish confluence, where historical market bottoms align with key technical support, suggests that the correction is complete and a significant upward bounce is imminent in the short term. $100,460 Range Low Now Flipped Into Key Resistance BTC has officially lost the range low and slipped to the $96,000 area, according to Lennaert Snyder, who…

Solana ETF Inflows Continue As SOL Slips Below Key Price Level.

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Key takeaways: The spot Solana ETFs have recorded inflows for 13 consecutive days. SOL broke its multi-year uptrend, slipping below a key moving average. Spot Solana (SOL) exchange-traded funds continued to attract investor interest, recording their thirteenth straight day of inflows, underscoring institutional demand for the network’s native asset. According to data from SoSoValue, Solana ETFs added $1.49 million on Thursday, bringing cumulative inflows to $370 million and total assets to over $533 million. The Bitwise Solana ETF (BSOL) was the only one that recorded inflows on Thursday, marking the…

Bitcoin Loses Key $100K Level, Possibly Ending The Crypto Bull Market

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Key points: Bitcoin has broken below the psychological support at $100,000, opening the gates for a potential sell-off to $87,800. Several major altcoins are approaching their support levels but have failed to bounce with strength, increasing the risk of a breakdown. Bitcoin (BTC) appears weak in the near term as bears pull the price further below the psychological level at $100,000. BTC’s persistent weakness pulled the Crypto Fear & Greed Index into the “extreme fear” category with a score of 15//100 on Thursday, its lowest level since early March. Bitwise…

How Low Can Bitcoin Price Go? JPMorgan Points To Key Target

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JPMorgan has put a numerical marker under this Bitcoin cycle, telling clients that the market’s “pain threshold” now sits near $94,000 — a level the bank frames as both a mining-economics floor and an answer to the question of how low spot can realistically trade before fundamentals start to bite. According to reporting by The Block, the analyst team led by Nikolaos Panigirtzoglou argues that “Bitcoin’s downside from current levels appears to be ‘very limited,’” because they “see its support price at around $94,000.” How Low Can Bitcoin Go? The…