Tag: Support

Next Key XRP Level Could Be $1.2 If Current Support Fails, Says Analyst

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Solana (SOL) Slips Toward Key Support While Markets Brace for Next Big Move

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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…

XRP Price Hovers at Key Support, Fueling Debate Over Incoming Breakout

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 Holds Key Support, Though Reclaiming Upside May Prove Challenging

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Bitcoin price started a fresh decline below $88,000. BTC is now attempting to recover but upside might face hurdles near $88,000. Bitcoin started a fresh decline below the $88,000 zone. The price is trading below $87,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $86,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $85,500 zone. Bitcoin Price Attempts Recovery Bitcoin price failed…

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

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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

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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

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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…