Tag: Support

Shiba Inu Grapples With Heavy Bearish Forces: Will Support Levels Hold?

boss

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Bitcoin could drop under $88k if it fails to hold $95k support: analyst

boss

Bitcoin could potentially tumble down to $88,000 if it fails to hold the key support level at $95k, according to an analyst. Bitcoin (BTC) dropped 6% over the past day, falling below $96K as a spot sell-off driven by macroeconomic concerns pushed BTC price action to a “pivotal” level, contributing to an 8.4% slump in the global crypto market. According to analyst Skew, following Bitcoin’s recent dip, a further drop to $95K—just $300 away at press time—could potentially lead BTC to retest levels as low as $88K. “Right around 1D…

Another Test for Support Levels

boss

Este artículo también está disponible en español. Ethereum price failed to clear the $3,750 resistance and trimmed gains. ETH is back to $3,350 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,750 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,675 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,450 resistance level.…

Solana Rally Stalls: Pullback To Key Support Signals Potential Correction

boss

Solana’s strong rally is losing momentum as prices face a pullback, suggesting a potential correction toward the $209.9 support level. After a period of bullish gains, market dynamics and profit-taking impact its upward movement. This pullback signals a pause in the bullish trend, with traders and investors watching for signs of recovery or further decline. The $209.9 support zone is crucial for Solana, as its ability to hold will likely determine the next price movement. A successful defense could spark renewed buying interest and lead to a rally, while a…

Three Low-Cap Altcoins Rip As Top Crypto Exchange Binance Announces Trading Support

boss

Three low-cap altcoins are surging after the top global crypto exchange Binance, rolled out support for them. In a new announcement, Binance says that it is adding futures contracts for COOKIE, the utility token for the marketing finance (MarketingFi) ecosystem Cookie DAO, artificial intelligence (AI) focused project Alchemist AI (ALCH) and AI agent-related project Swarms (SWARMS). Amid the listing news, COOKIE surged by double percentage points. COOKIE is trading for $0.64 at time of writing, up 11.1% in the last 24 hours. With a market cap of $185.8 million, COOKIE…

Solana Back Above Weekly & Monthly Support Levels – Analyst Expects New ATH

boss

Este artículo también está disponible en español. Solana is currently trading above key demand levels, showcasing resilience after weeks of market uncertainty. However, the altcoin is yet to confirm a breakout from the daily downtrend that began in late November. As SOL continues to hover near critical technical levels, analysts and investors are closely watching for a decisive move that could signal the start of a massive rally into price discovery. Related Reading Top analyst and trader Jelle recently shared a detailed technical analysis on X, highlighting that Solana has…

Bitcoin Gains Momentum, Approaching The $100,000 Benchmark With Strong Support

boss

Este artículo también está disponible en español. Bitcoin is capturing global attention as its price surges toward the monumental $100,000 mark, a level that holds psychological and technical significance in the cryptocurrency market. This move is backed by strong market support and rising optimism among institutional and retail investors. The current uptrend showcases Bitcoin’s resilience as key support levels have successfully absorbed selling pressure, paving the way for sustained bullish momentum. Analysts suggest that the ongoing rally could redefine market dynamics, potentially attracting a new wave of capital and solidifying…

Bitcoin finds support as Coinbase premium index recovers

boss

Bitcoin continued rising in price over the weekend, reaching a high of $98,300 after finding crucial support at $91,405. The largest crypto by market cap has risen for six consecutive days, coinciding with ongoing demand and supply dynamics.  On the supply side, the mining difficulty and hash rate metrics have jumped to their record highs since the last halving event in April. This trend has pushed the coin’s inflation rate to 1.11%, much lower than the US consumer price index figure of 2.7%. It is also lower than 12%, compared…

Analyst Reveal Bitcoin Key Support Levels Amidst Rebound Challenge

boss

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Bitcoin Faces Critical Support Amid Long-Term Holder Selling Pressure—Analyst

boss

The Bitcoin (BTC) market is currently experiencing significant shifts in supply dynamics, with notable activity between long-term holders (LTHs) and short-term holders (STHs). According to the latest analysis from CryptoQuant, historically, such transitions have often indicated local market tops or even cycle peaks, depending on the overall market environment and broader economic conditions. Presently, demand from short-term holders continues to play a critical role in supporting Bitcoin’s price stability amid ongoing market volatility. Long-Term Holders Vs. Short-Term Buyers The analysis made by the CryptoQuant analyst Darkfost revealed that the short-term…