Tag: Support

Bitcoin needs political support to stay protected

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U.S. Vice President J.D. Vance emphasized Bitcoin’s strategic role in U.S. policy and warned the crypto community to stay politically engaged or risk being ignored. Speaking at the Bitcoin 2025 conference in Las Vegas, Vice President J.D. Vance urged the crypto community to continue its political momentum from 2024, warning that transformational technologies like Bitcoin (BTC) won’t be immune from policy decisions. “Unless you guys get involved in politics, politics is going to ignore this industry,” Vance said. “What happens in the world of bureaucracy will affect even the most…

Dogecoin (DOGE) at Risk — Can Support Hold This Time?

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 faces key support test at $108k amid $211m in liquidations: analysts

Bitunix analysts have highlighted the latest data on crypto liquidations near the $108,000 support zone, warning that more liquidations could follow if Bitcoin breaks below this level. Bitcoin’s (BTC) recent volatility has created a notable liquidation pocket, analysts at crypto exchange Bitunix told crypto.news. On Tuesday, May 27, total crypto liquidations reached $211 million, with a clear bias toward long positions. Specifically, $131 million in longs were liquidated, compared to $79.84 million in short positions. Bitunix analysts interpret this imbalance as evidence of a long-side wipeout during Bitcoin’s recent dip…

Dogecoin (DOGE) Holds $0.220 Support as Whale Wallets Grow Amid Market Uncertainty

The cryptocurrency market is navigating choppy waters as geopolitical tensions and trade disputes create headwinds for digital assets. Despite broader market uncertainty, Dogecoin has demonstrated remarkable resilience, recovering from a significant dip to $0.220 and establishing strong support at the $0.222 level with nearly double the average 24-hour trading volume, ccording to CoinDesk Research’s technical analysis data model. This price action has formed a clear higher low pattern, suggesting bullish momentum is building despite macroeconomic challenges. Technical Analysis Highlights DOGE recovered from a significant dip to 0.220 at 01:00 on…

Bitcoin eyes $120k as bullish trend holds above key support

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With the bullish trend still intact and support levels holding, Bitcoin could be preparing for an impulsive move to the $120,000 extension target. Bitcoin (BTC) has entered a new price zone and is showing strong signs that the uptrend is far from over. After hitting $111,800, price action has pulled back, but not in a way that invalidates the structure. In fact, the retracement appears healthy and technically sound, offering a potential setup for another leg higher. Key technical points Price has retraced into a key support level at $106,500,…

XRP Risks Fall To $1.55 If This Support Level Fails – Analyst

XRP prices have fallen 4.08% in the past day alongside the majority of the crypto market following the US announcement of a potential 50% tariff on goods being imported from the European Union (EU). Amid this market downturn, popular market analyst CasiTrades has stated that XRP lies in danger of a further decline should a particular support level fail. XRP Must Avoid Crash Below $2.25 – $2.26 As Bitcoin prices reached a new all-time high in the past week, XRP followed suit, reaching as high as $2.45 before experiencing a…

World’s Top Crypto Exchange by Trading Volume Announces Upcoming Support for Consumer-Focused Altcoin on Binance Alpha

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The world’s largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform. In a new announcement, Binance says it’s adding support for Sophon (SOPH), an interoperable layer-2 scaling solution made for the entertainment industry, on Binance Alpha, a feature of the Binance Wallet which launched in December 2024 that lets users discover emerging web3 projects before they gain mainstream popularity. “Binance is excited to announce that Sophon (SOPH) will open for trading on Binance Alpha starting 2025-05-28 13:00 (UTC). In addition, Binance…

Texas governor signals support for Bitcoin reserve bill

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Texas Governor Greg Abbott has signaled support for a bill recently passed by the state House of Representatives that would establish a strategic cryptocurrency reserve. In a May 22 X post, Abbott posted a Techstory article about Texas state lawmakers’ efforts to create a Bitcoin (BTC) reserve. The story pointed out that the decision for the passage of SB 21, the bill in question, now rests on Abbott’s shoulders, roughly three months after it was introduced.  Since taking office, Abbott referred to himself as a “crypto law proposal supporter” in…

Bitcoin price dips into support – bullish market structure signals push toward $125K

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Bitcoin recently experienced a pullback into a key support zone near $106,133, but price action remains bullish. Market structure suggests a continuation toward $125,400 if support holds firm. Despite a short-term dip in Bitcoin’s (BTC) price, the larger technical picture continues to favor bullish continuation. The current pullback appears to be a healthy retracement into a significant support zone, offering a potential springboard for the next leg upward. Traders and analysts are closely watching the $106,133 level as the battleground for bulls and bears in the near term. Key technical…