Tag: Support

Binance Coin (BNB) Price Forecast: $20M Long Positions at Risk Below $805 Support Level

Key Notes Bears maintain firm control with $228 million in cumulative short positions following BNB’s steep 20% November decline. A critical $805 support level concentrates $19.9 million in long contracts representing 33% of total bullish leverage exposure. Binance appoints Nina Rong as Executive Director of Growth ahead of Blockchain Week amid challenging market conditions. BNB BNB $826.2 24h volatility: 1.2% Market cap: $113.80 B Vol. 24h: $2.23 B slipped 6% to trade under the $810 support zone on Dec. 1, extending November’s weak close and placing additional stress on leveraged…

Bitcoin Analysts Warn Of Catastrophic Drop To $50,000 If Key Support Fails

boss

Key points: Bitcoin is facing significant selling at the start of the new week, with some analysts expecting a drop as low as $50,000.  Several altcoins turned down from their overhead resistance and are threatening to dip below their support levels. Bitcoin (BTC) began December on a weak note, signaling that the bears are not willing to let go of their advantage. Veteran trader Peter Brandit said in a post on X that BTC’s chart shows support in the sub-$70,000 to mid-$40,000 zone. Another analyst who is cautious in the…

XRP Price Dips Under Crucial Support, Putting Spotlight on Lower Price Targets

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 Falls off a Cliff as $91K Support Vaporizes

boss

Bitcoin’s price on Sunday just before 8 p.m. Eastern time flashed a dramatic breakdown as a wave of heavy selling torched support and dragged the price from the mid-$91,000 region into the high-$86,000s in a matter of minutes. After a decent stretch of quiet, orderly trading, everything snapped at once. After hovering around the $91,000 […] Original

Dogecoin ETFs Flat At Launch, But Technical Analysis Points To $1 If This Support Holds

boss

The launch of spot exchange-traded funds (ETFs) tracking Dogecoin in the United States was met with muted enthusiasm. Inflows into Grayscale and Bitwise’s ETFs were limited in their first week of trading, despite the hype around the first-ever Dogecoin ETFs. But even as ETF inflows sputter, some technical analysts argue that DOGE might still undergo a strong price rally, possibly all the way to $1, if important support levels hold. Related Reading Spot DOGE ETFs Off To A Slow Start When Grayscale rolled out its Spot DOGE fund (GDOG) on…

Crypto Community Comes Together to Support Hong Kong Tai Po Fire Victims

Key Notes Bitget leads donations with $1.5M directed to hospitals, emergency services, and displaced families rehabilitation programs. Binance, Crypto.com, Hashkey, OKX, and HTX each committed $1.3M to fire relief efforts for affected Hong Kong residents. The tragedy displaced 900 residents after flammable construction netting allegedly caused one of Hong Kong’s deadliest fires. Cryptocurrency and blockchain companies around the globe have rallied to support victims of Wang Fuk Court fire in Tai Po, Hong Kong with monetary donations. The fire in Tai Po marked one of the deadliest fires in Hong…

SOL Holds $140 Support as Upbit Hack Fails to Shake Solana Ecosystem

boss

Solana (SOL) is showing remarkable resilience this week, holding firmly above the critical $140 support zone despite heightened market anxiety following a $37 million hack on South Korea’s Upbit exchange. The stability comes at a time when institutional interest in Solana is accelerating, highlighted by Franklin Templeton’s recent Form 8-A filing with the U.S. SEC to launch a Solana ETF. Franklin Templeton’s Solana ETF Fuels Institutional Momentum The global investment giant, which manages $1.67 trillion in assets, is positioning itself at the forefront of crypto-focused investment products. The proposed ETF…

Solana Rebounds Strong as Massive ETF Inflows Reinforce $128 Support Zone

boss

Solana (SOL) is staging an impressive comeback as renewed institutional demand supports the network’s key support levels. Related Reading The latest surge in investor interest, led by a record-breaking inflow into Bitwise’s Solana ETF, has helped the asset stabilize after weeks of market turbulence, offering fresh optimism for a potential trend reversal. SOL’s price trends to the downside on the daily chart. Source: SOLUSD on Tradingview Record Solana ETF Inflows Signal Renewed Institutional Confidence Bitwise Asset Management recorded a historic $39.5 million single-day inflow into its Solana ETF, the largest…

Prediction Market Kalshi Adds NEAR Support for US Users, Momentum Heats Up

Key Notes The integration provides NEAR tokens with additional utility as a trading currency on one of the largest prediction markets. NEAR trades at $1.89 near year-long support levels, with analysts suggesting potential upside to resistance zones around $3. NEAR Intents protocol recently surged from $2 billion to $6 billion in volume within 45 days, showing strong ecosystem growth. Kalshi, one of the leading prediction markets by traded volume, has added support for the Near Protocol, enabling NEAR NEAR $1.88 24h volatility: 4.2% Market cap: $2.42 B Vol. 24h: $269.74…