Tag: Support

Bitcoin Price Retains Support: Is a Bounce Back on the Horizon?

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Bitcoin price remained stable above the $58,500 support zone. BTC is struggling and could only start a steady increase if it clears $61,500. Bitcoin is struggling to rise above the $60,200 and $61,500 resistance levels. The price is trading below $61,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $58,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it fails to stay above the $58,500 support. Bitcoin Price Stuck In…

Chainlink (LINK) Could Drop To $8 If It Loses Current Support: On-Chain Data Reveals

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Chainlink (LINK) has faced significant volatility this week. Its price dropped over 13% from Monday’s high, bringing LINK to a critical support level of around $11.20. Traders and investors are closely monitoring this crucial area. Related Reading The importance of this level is further emphasized by on-chain data from Santiment, which shows that demand for LINK is cooling off. This adds to the uncertainty surrounding the asset’s near-term price action. The next few days will be pivotal as Chainlink hovers around this crucial support. The outcome here could determine whether…

4 Crucial Support Levels To Watch If BTC Falls

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Bitcoin is trending lower when writing, cooling off after the encouraging leg up on August 23. Although the uptrend remains, and the coin is not far away from $63,000, there is no discounting the possibility of sellers pressing on. The alignment with the dip of early August could trigger another wave of liquidation, causing panic. Bitcoin Shaky, The First Two Levels To Watch Technically, Bitcoin is within a bullish breakout formation from the bull flag established after the expansion on August 8. Additionally, from a volume analysis perspective, bulls stand…

Robinhood wallet adds support for Solana

Robinhood has officially added support for Solana to its Wallet, expanding the platform’s crypto offerings. Johann Kerbrat, the General Manager of Robinhood Crypto, announced this integration, which will enable users to self-custody Solana (SOL) and conduct transactions over the Solana blockchain.  This move aligns with Robinhood’s broader strategy to enhance its Web3 wallet by incorporating more blockchains and digital assets, following previous integrations of networks like Ethereum (ETH), Polygon (MATIC), and Bitcoin (BTC). Robinhood and crypto Earlier this year, Robinhood demonstrated a growing interest in the cryptocurrency space. Notably, it…

Bitcoin Price Slips, But Key Support Remains Intact

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Bitcoin price started a downside correction from the $65,000 resistance zone. BTC could revisit $61,750 before it starts a fresh increase in the near term. Bitcoin failed to clear the $65,000 resistance zone and corrected gains. The price is trading below $63,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $63,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might slip further toward the $61,750 level before the bulls appear. Bitcoin Price…

Toncoin Tumbles To $4.6 As Bears Eye Further Decline, Will Support Hold?

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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…

These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals

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An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC. In on-chain analysis, the potential for any price level to behave in this manner lies in the amount of tokens purchased. Related Reading Below is the chart from the market intelligence platform IntoTheBlock shared by…

Dogecoin Price (DOGE) Poised To Surge If This Support Holds

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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…

Avalanche Becomes Latest Blockchain to Support Franklin Templeton’s Tokenized Money Market Fund

“For us, why we’re very excited to have Franklin Templeton’s Benji app and platform deployed on Avalanche is really twofold,” said Morgan Krupetsky, Head of Capital Markets and Institutions at Ava Labs. “On the one hand, the money market funds contract in and of itself and potentially as a payment mechanism represents a foundational and fundamental piece to a broader tokenized asset ecosystem and capabilities.” Source link

Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support

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The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from a dip below $49,000 earlier this month, Bitcoin has been vacillating around the $60,000 mark, unable to consolidate above this key psychological and technical threshold.  This price level has emerged as a battlefield between the bulls and bears, with the outcome poised to have significant implications for Bitcoin’s near-term trajectory.…