Tag: Support

Bitcoin Breaks Key Support, Analyst Signals Lower Levels Ahead

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Bitcoin’s price action has fallen into bearish territory after dropping below an important previous low that had supported the rally for months. At the time of writing, Bitcoin is trading at $78,560 after falling to as low as $77,082 in the past 24 hours, a move that crypto analyst XForceGlobal says represents a significant change in the technical structure.  According to his detailed Elliott Wave analysis shared on X, the price action has now invalidated the bullish framework many traders were relying on, and lower levels are becoming more likely…

Ethereum Price Slips Below $2,500 — Here Are The Next Support Levels

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The Ethereum price has been under intense bearish pressure over the past few weeks, reflecting the overall fragile state of the cryptocurrency market. The altcoin lost nearly 20% of its value in the past week, free-falling under the psychological $3,000 level since Thursday, January 29th.  With the market still showing signs of further downside risk, there is no telling how deep the Ethereum price will fall in the current bearish setup. However, the latest on-chain data has offered insights into the next critical levels for the second-largest cryptocurrency. ETH’s Next…

SBF Ramps Up Donald Trump Support After Ellison Release

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Disgraced FTX founder Sam Bankman-Fried has ramped up his social media praise for US president Donald Trump while taking aim at former president Joe Biden, just days after Caroline Ellison, the former CEO of Alameda Research, was released from federal custody. Since Bankman-Fried’s February 2025 interview with the New York Sun and March appearance with political commentator Tucker Carlson, many see Bankman-Fried as angling for a pardon from Trump. “@realdonaldtrump is right on crypto,” Bankman-Fried said in an X post on Friday, just days after Ellison walked free after serving…

Bitcoin’s $80K Last Support At Risk: Will Altcoins Follow?

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Key points: Bitcoin’s break below $84,000 tilts the advantage in favor of the bears, opening the doors for a potential fall to $74,508. Several major altcoins have slipped below their support levels, signaling that the bears are attempting to take charge. Bitcoin (BTC) remains under pressure as sellers attempt to sustain the price below the $84,000 level. BTC’s fall near $81,000 caused $1.77 billion in liquidations in the past 24 hours, per CoinGlass data. Several analysts have turned bearish and expect BTC’s downtrend to continue. They anticipate BTC to fall…

XRP Price Breakdown Accelerates — Can Support Absorb The Shock?

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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…

Ethereum Price Dumps To $2,700, Bulls Scramble To Defend Support

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Ethereum price started a major decline after it failed to clear $3,050. ETH is down 10% and is now struggling to stay above the $2,700 support. Ethereum failed to stay above $2,880 and started a fresh decline. The price is trading below $2,800 and the 100-hourly Simple Moving Average. There is a steep bearish trend line forming with resistance at $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,700 zone. Ethereum Price Dips 10% Ethereum…

Bitcoin price compresses at support, triangle pattern forms

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The current Bitcoin price is consolidating at a key support level within a tightening triangle structure, signaling equilibrium as traders await a decisive breakout or continuation move. Summary Bitcoin is forming a triangle pattern at major support levels. Declining volume indicates consolidation rather than a breakout. A confirmed breakout could target higher value and channel resistance. Bitcoin (BTC) price action has entered a technically important phase following a corrective move from recent highs. After establishing a local low at channel support, BTC staged a rally from the Monday open, suggesting short-term…

Bitcoin price loses dynamic MA support amid leverage reset 

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Bitcoin price has slipped below key short-term trend support as traders continued to unwind leverage across derivatives markets. Summary Bitcoin slipped below short-term trend support as leverage unwound. Derivatives data points to forced positioning resets, not panic selling. The chart shows heavy resistance above and fragile downside support. Bitcoin slipped to $88,218 at press time, down 1.2% over the past 24 hours, as the price fell back below key short-term trend support during an ongoing leverage unwind. Over the last seven days, the token has fluctuated between $86,319 and $90,475.…

Ethereum Price Slips Below $3,000, Setting Up A Support Battle

Ethereum price started a recovery wave above the $2,880 zone but it failed near $3,050. ETH is declining and might struggle to stay above $2,920. Ethereum failed to stay above $3,000 and started a fresh decline. The price is trading below $2,990 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,880 zone. Ethereum Price Dips Again Ethereum…

WisdomTree Launches Tokenized Funds on Solana with USDC, PYUSD Support

Key Notes The asset manager now enables minting of all its tokenized investment products directly on Solana’s network. Users can convert between USDC and PYUSD stablecoins while maintaining full on-chain custody of their assets. WisdomTree’s stock surged to decade highs following the announcement despite recent XRP ETF cancellation setback. WisdomTree, a global fintech assets manager and ETF/ETP sponsor, has launched its full suite of tokenized fund products on the Solana blockchain. According to a Jan. 28 press release, WisdomTree Connect and WisdomTree Prime users can now access tokenized funds including…