Tag: Key

This Bitcoin Range The Next Key Resistance, Analytics Firm Says

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The market intelligence platform IntoTheBlock has revealed where the next major obstacle for Bitcoin could lie, according to on-chain data. Bitcoin Has A Major Supply Wall Between $95,400 & $98,200 In a new post on X, IntoTheBlock has discussed about how the various BTC price ranges are looking in terms of on-chain resistance and support. In on-chain analysis, the strength of any support or resistance range is assumed to lie in the amount of supply that was last purchased/transacted by investors at price levels falling in said range. That is,…

Crypto-Related Stocks Surge as Bitcoin Holds Above Key Short Term Holder Realized Price

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Key Notes Bitcoin is holding steady at $92,500, above the Short Term Holder Realized Price of $92,107, historically a signal that the market could continue rising. Crypto-related stocks have surged, with MicroStrategy up 14.17%, Coinbase gaining 7.20%, and MARA Holdings increasing by 8.41%, indicating growing investor optimism. President Trump’s announcement of a crypto strategic reserve has created market excitement by suggesting digital assets could become part of national economic policy, while the SEC’s potential dismissal of its Coinbase case has reduced regulatory concerns. In a significant development, market data from…

Stablecoin presence key to blockchain legitimacy, says ZachXBT

Crypto security analyst and Paradigm adviser ZachXBT said the circulation of stablecoins from major issuers such as Circle, Tether and Paxos should be a key metric in assessing the legitimacy of blockchain networks. His comments followed US President Donald Trump’s announcement on March 2 that certain digital assets would be included in the country’s strategic crypto reserves. Trump identified Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA) as the assets to be included in the reserves.  On March 3, ZachXBT argued that the presence of stablecoins issued…

Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week?

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Bitcoin is trading above $90K after experiencing extreme selling pressure last week, which drove the price as low as $78,100 and broke through key demand levels. However, the market quickly recovered following President Trump’s announcement that he plans to establish a U.S. strategic crypto reserve, including Bitcoin and select altcoins like XRP, SOL, ADA, and ETH. This statement injected confidence back into the market, fueling Bitcoin’s rebound. Related Reading Despite this recovery, the road ahead remains uncertain as Bitcoin faces key technical levels that could define the next move. According…

Bitcoin Surges with Positive Bias Toward Key Levels

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Bitcoin price started a fresh increase from the $78,000 support zone. BTC must clear $95,000 to continue higher in the near term. Bitcoin started a fresh increase above the $90,000 resistance zone. The price is trading above $92,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $89,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $87,000 zone. Bitcoin Price Rallies Over 10K Bitcoin…

Dogecoin Returns To Key Local Peak: Is Another Uptrend Coming?

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Este artículo también está disponible en español. Dogecoin’s price action in the past 24 hours has been characterized by a struggle to hold above the $0.20 price level. Notably, this struggle above $0.20 comes after Dogecoin’s break below the level on the last day of February, marking the first time it traded below $0.20 since November 2024. From a technical outlook, this recent price crash aligns with a pattern that has preceded rallies for DOGE, with the meme coin essentially re-visiting its previous local peak. Dogecoin Price Revisits Local Peaks…

Polkadot stuck at key support, pointing to a 170% surge

Polkadot price remained above its make-or-break level this week as Bitcoin and most cryptocurrencies crashed.  Polkadot (DOT) fell to a low of $4, slightly higher than the critical support level at $3.60, where it has failed to fall below several times since 2022. The token has held steady above this support level for two main reasons. First, Grayscale and 21Shares have filed for a spot DOT exchange-traded fund, which they hope will be popular among Wall Street investors. Spot Bitcoin (BTC) and Ethereum (ETH) ETFs have done fairly well among…

Solana meme coins rebound, but three key risks remain

Solana meme coins have started the month well, soaring by double digits as crypto investors bought the dip. The total market cap of all Solana (SOL) meme coins tracked by CoinGecko rose by more than 4.5% to over $9.04 billion.  Official Trump (TRUMP) rose by 18.1%, while Dogwifhat (WIF), Pudgy Penguins (PENGU), ai16z (AI16Z), Fartcoin (FARTCOIN), and Peanut the Squirrel (PNUT) jumped by over 15% in the last 24 hours. All of these tokens remain significantly below their all-time highs, while the market cap of all Solana meme coins is…

Ethereum Key Support: Cost Basis Data Points To $1,890 As Make-Or-Break Level

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In line with major losses across the crypto market, Ethereum (ETH) declined by 17.08% in the past week reaching as low as $2,104. While the prominent altcoin has shown some minor gains in the past 12 hours, the general market sentiment remains bearish. ETH Correction Likely Headed To $1,890 – Here’s Why The ETH market is currently navigating a strong market correction with several analysts now spotlighting potential key support levels. According to prominent on-chain analytics firm Glassnode, data from the Cost Basis Distribution (CBD) metric indicates Ethereum is poised…

XRP Breaks Down Below Key Demand – Analyst Expects A Drop To $1.65

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Este artículo también está disponible en español. XRP price is holding above key support levels after an aggressive 20% drop since last Sunday. Bulls have lost control, but despite the selling pressure, XRP remains strong above the $2 mark—a critical level that must hold to prevent further declines. The recent downturn has added to market uncertainty as investors look for signs of stabilization. Related Reading Top analyst Ali Martinez shared an analysis on X, revealing that XRP is breaking out of an ascending parallel channel, signaling a potential downside. According…