Tag: Support

Solana Bulls Eye $260 As Key Support Holds, Says Crypto Analyst

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Este artículo también está disponible en español. In a recent chart update published on February 14, 2025, crypto analyst Ali Martinez (@ali_charts) highlighted Solana’s steadfast performance above the $190 mark, suggesting the potential for a breakout toward $225 or even $260. The one-day SOL/USDT chart (Binance) reveals several notable technical signals that support Martinez’s outlook. Why Solana Is Poised For $260 The chart outlines a rising channel that has been in play since roughly the summer, starting near $125 (close to the 0 Fibonacci level at $124.96) and stretching as…

Bitcoin wobbles; ChowWow presale gains support

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin dips below $94k amid U.S. inflation data, while ChowWow presale catches the attention of holders seeking high growth potential. The price of Bitcoin has experienced increased volatility, declining below $94k. This was influenced by U.S. inflation data, which was higher than the estimated value across the board. Notably, the January print of the Consumer Price Index (CPI) exceeded the expected monthly and yearly timeframes. However, Bitcoin has seen…

Polkadot (DOT) Defies Market Volatility, Holds Strong Above $4.8 Support Level

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Este artículo también está disponible en español. In a market often characterized by sharp swings and unpredictable trends, Polkadot (DOT) has emerged as a beacon of stability, defying broader volatility to hold above the critical $4.8 support level. While other altcoins experience uncertainty, DOT has managed to maintain stability, signaling strong buying interest at this key price zone. This steady performance comes as bulls attempt to build momentum, aiming for a potential breakout. However, with broader market volatility still in play, traders are closely watching whether DOT can sustain its…

Bitcoin Could End Up Plummeting To $80,100 If This Support Fails

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On-chain data shows Bitcoin is currently retesting an important support level. Here’s where the next important line lies, should this level fail. Bitcoin Is Currently Trading Around 1-Year MVRV Mean In its latest weekly report, the on-chain analytics firm Glassnode has discussed about a Bitcoin pricing model that’s based on the Market Value to Realized Value (MVRV) Z-Score. The MVRV Z-Score is an indicator that basically compares the market cap of BTC with its realized cap. The metric differs from the popular MVRV Ratio in that it also applies a…

Wormhole to Deprecate Support for Multiple Blockchain Networks by Summer 2025

Alvin Lang Feb 12, 2025 09:55 Wormhole announces the deprecation of support for several blockchain networks by summer 2025, impacting Terra, Oasis, Acala, and others, while transitioning some Cosmos chains to community support. Wormhole, a prominent cross-chain messaging platform, has announced significant changes to its supported network infrastructure. According to the Wormhole blog, several blockchain networks will face full deprecation starting in the summer of 2025. Additionally, some Cosmos chains will transition to community-supported frontends and relaying services. Affected Networks The Guardian…

Binance-Backed Memecoin Rips 1,267% After Crypto Exchange Announces Trading Support

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A memecoin launched on the BNB Chain put up massive gains after top global crypto exchange Binance rolled out support for it. In a new announcement, Binance says that it is adding support for Test (TST), a test token launched by the BNB Chain team for a tutorial video on how to create memecoins using its Four.meme launchpad platform. Amid the listing news, TST soared to an all-time high of $0.5113 from its low of $0.02607. The memecoin has since retraced. TST is trading for $0.1717 at time of writing,…

Analyst Eyes $387 For Solana As Key Support Levels Strengthen

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Este artículo también está disponible en español. Despite market turbulence, Solana (SOL) is showing resilience by maintaining a critical support level that analysts think may serve as a launching pad for further gains. A solid pricing structure may open the door for a spike toward $387 in the upcoming months, as SOL presently trades at about $204. However, how feasible is this goal? Related Reading Maintaining Key Support Levels Solana’s ability to keep vital support zones has been one of its strongest suit in recent weeks. SOL has shown positive…

Bitcoin Price Gradually Slips: Can Bulls Hold Key Support?

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Bitcoin price is consolidating above the $95,000 support zone. BTC is struggling and might slip further unless there is a close above $98,800. Bitcoin started a fresh decline below the $98,000 level. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $98,000 zone. Bitcoin Price Holds Support Bitcoin price failed to continue…

Dogecoin Hits Weekly Support Trendline, Analyst Signals Cycle Bottom Is In

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Este artículo también está disponible en español. Recent price decline action has seen Dogecoin rebounding at a recent multi-month low after the entire market started last week on a liquidation stretch. However, technical analysis from analyst Trader Tardigrade suggests that Dogecoin may have already established its cycle bottom before the next price surge. Dogecoin Tests Key Weekly Support After 40% Drop The cryptocurrency market faced a significant downturn last week, with widespread losses hitting various digital assets. Dogecoin was no exception to the sell-off, experiencing a sharp decline of nearly…