Tag: Support

On-Chain Data Reveals Critical Support Levels For Bitcoin Price — Details

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The Bitcoin price has managed to stay above $110,000 over the weekend, and on-chain data shows that the premier cryptocurrency sits above three crucial support levels. Here are the critical levels to watch out for over the next few weeks. Where Are The Next Support Levels For BTC? On Saturday, September 6, prominent crypto analyst Ali Martinez took to the social media platform X to offer on-chain insights into the current layout of the Bitcoin price. This price evaluation, which revolves around the BTC UTXO Realized Price Distribution (URPD) metric,…

Bitcoin Holds Key Support Amid Gravestone Doji

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In his latest daily technical outlook, Cryptowzrd highlighted that Bitcoin closed the day with a gravestone doji, while holding above a critical level. According to the analysis, more bullish candles are needed to sustain momentum and push the price toward the $120,000 resistance, especially as the market contends with ongoing fundamental pressures. Fundamentals Support Bitcoin Despite Weak NFP Print Cryptowzrd highlighted that the daily candle of Bitcoin closed indecisively, signaling uncertainty as the market evaluates its next move. Despite this indecision, BTC remains above the crucial $110,500 level, which continues…

Dogecoin Holds Support as Analysts Eye Technical Setup That Could Trigger a $2 Super Rally

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Dogecoin (DOGE) continues to show resilience as it holds above the critical $0.21 support level, a price zone that has repeatedly acted as a launchpad for bullish momentum. At the time of writing, DOGE trades at $0.216, up 0.34% in the last 24 hours. Related Reading Analysts highlight the emergence of a bullish cup-and-handle pattern with an initial target of $0.30, but the long-term projections are even more ambitious, pointing toward a potential 850% rally to $2 if momentum accelerates. A recent whale transfer of 900 million DOGE ($200 million)…

Expert Predicts WLFI Going To $0 Without Sun’s Support, Panic Selling Looms

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The launch of the World Liberty Financial platform’s native token, WLFI, was anticipated as a significant event in the cryptocurrency market, especially with backing from the Trump family.  However, just a day after its debut, the token’s price plummeted, sparking intense speculation regarding its major investors, particularly Justin Sun, the founder of the Tron blockchain. Alleged Manipulation By Justin Sun Market expert Quinten Francois provided insights into the WLFI launch, which initially priced at $0.20, reaching a market capitalization of $1 billion. Despite the excitement surrounding the launch, which generated…

ADA Bears Test Support, Bulls Eye $0.92 Breakout on Hoskinson Boost

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Cardano (ADA) has entered September with mixed signals. On-chain data from Santiment reveals that retail sentiment has dropped to its most bearish level in five months, with a bullish-to-bearish commentary ratio at just 1.5:1. Surprisingly, instead of collapsing, ADA has gained about 5% during this period. Related Reading This inverse correlation isn’t new. Earlier in August, when optimism spiked, ADA corrected sharply. When fear crept in mid-month, the token rallied. Analysts note that crowd sentiment often misleads, as smaller traders exit in frustration while larger investors accumulate quietly. That dynamic…

Bitcoin Finds Support At Short-Term Holder Cost Basis, But For How Long?

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Bitcoin has seen a rebound since retesting the short-term holder Realized Price, a sign that this historical on-chain support may be holding. Bitcoin Short-Term Holder Realized Price Just Acted As Support As explained by CryptoQuant author IT Tech in an X post, Bitcoin found support around the short-term holder Realized Price during the latest dip. The “Realized Price” here refers to an on-chain indicator that measures the cost basis of the average investor on the BTC network. When the price of the cryptocurrency is above this metric, it means the…

If This Key Support Fails, Bitcoin Could Plummet To $90,000, Warns Leading Analyst

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The recent downturn in Bitcoin prices has raised eyebrows among market analysts, with one prominent figure warning that the leading cryptocurrency could face a significant decline toward the $90,000 mark in the coming months.  As Bitcoin opened the month officially dropping below critical support levels, the market’s reaction remains tepid, suggesting that many investors have yet to fully grasp the severity of the situation. BTC’s Last Line Of Defense In a recent post on X (formerly Twitter), market analyst Doctor Profit highlighted key price levels associated with various holder groups:…

Dogecoin Analyst Forecasts 850% Price Rally in September as Traders Deploy $42M Support at $0.21

Key Notes DOGE futures volumes surged 119% to $5.36 billion while open interest dropped 4.7%, indicating strategic position reshuffling by traders. Critical support established at $0.21 with $42 million in leveraged long positions, creating potential launch pad for September breakout. Market analyst projects potential 850% rally targeting previous all-time highs above $2 if current support levels hold firm. Dogecoin DOGE $0.21 24h volatility: 5.1% Market cap: $31.28 B Vol. 24h: $2.54 B price gained renewed momentum on Monday as trading volumes jumped 150%, following the meme coin’s 10% monthly gain…

Litecoin Price Forecast: LTC Sell Pressure Wanes Golden Cross Support Halts $100 Reversal

Key Notes Litecoin price held steady at $110 on August 30 despite weekly losses nearing 10%. Derivatives data shows waning short-selling pressure as LTC futures trading volumes fell 33.8% to $596 million, with open interest flattening at $917 million. Golden cross support at $109 suggests a potential base for recovery if current liquidation trends continue through weekend trading. Litecoin price finds steady support at $110 on Saturday, August 30, with bulls battling to contain weekly losses just below 10%. Sustained profit-taking as the LTC price approached $120, and Bitcoin’s sharp…