Tag: Support

XRP Price Dips Back to Support: Consolidation or Breakdown Ahead?

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…

Cardano Price Bounces From Key Support Level, But There’s Still A Risk To Crash To $0.85

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

Bitcoin Technical Analysis: Price Teeters at Key $103K Support – Will Bulls Defend or Bears Take Over?

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Bitcoin, priced at $103,458 to $104,206 over the past hour with a 24-hour trade volume of $70.41 billion and a market valuation of $2.06 trillion, has seen an intraday price range between $102,784 and $107,245, signaling active market participation and notable volatility. Bitcoin Bitcoin‘s one-hour chart shows a bearish pullback dominating the short-term trend following […] Original

Matrixport: Short-Term Upside for Bitcoin if Critical Support Levels Hold

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Bitcoin’s price action is currently retesting a key support level with several macro-factors in play that could contribute to another strong bullish rally. Possible Breakout for Bitcoin Based on Current Support Level Matrixport’s recent bitcoin report highlighted the possibility of a bitcoin price breakout after retesting a critical support level. The report noted that the […] Original

Bitcoin price forecasted ‘highly bullish’ if this support level holds

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Bitcoin is expected to retain its upward momentum if it successfully defends the key support level, Matrixport says. After breaking out of a narrowing wedge pattern, Bitcoin (BTC) now faces a pivotal test at $89,260, a support level seen as crucial for its continued upward momentum. In an X post on Jan. 21, Singapore-based blockchain firm Matrixport said that Bitcoin’s price outlook depends on staying above this threshold. In a chart shared by the firm, Bitcoin is seen breaking out of a narrowing wedge pattern. The cryptocurrency, with a market…

Solana Turns Key Level Into Support – Analyst Expects ‘Violent Moves Before Next Leg Up’

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Este artículo también está disponible en español. Solana (SOL) showcased massive volatility over the weekend, delivering a rollercoaster ride for traders and investors. On Sunday, SOL reached a new all-time high of $295, marking a significant milestone in its bullish trajectory. However, the celebration was short-lived as the price swiftly retraced over 20% to hit the $229 mark, causing concern among market participants. Yet, in a testament to its resilience, Solana bounced back strongly, climbing to $272 and reigniting bullish sentiment. Related Reading Top analyst Jelle provided valuable insights into…

Chainlink (LINK) Bullish Structure Hangs On Key Support Zone – Analyst

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In line with the general crypto market, Chainlink (LINK) registered a significant price gain in the last week rising by 20.41% according to data from CoinMarketCap. Interestingly, X-based market analysts More Crypto Online have rolled out a market condition critical to sustaining this price uptrend. Chainlink Faces Potential Correction In a recent X post, More Crypto Online shared a cautious technical analysis of the LINK market. Using the Elliott Wave Theory, these analysts have determined Chainlink must stay above $23.85 to preserve its current bullish trend. For context, the Elliott Wave…

Solana Reclaims Monthly And Weekly Support Levels – Expert Sets $330 Target

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Este artículo también está disponible en español. Solana (SOL) has made a remarkable recovery following Monday’s unexpected flash crash, surging by more than 28% in less than five days. This impressive rebound has sparked renewed optimism among investors, who are now eyeing the potential for a bullish continuation in the weeks ahead. The rapid price increase has positioned Solana as one of the top-performing assets in the crypto market, signaling a potential shift in momentum. Related Reading Renowned analyst Jelle recently shared a detailed technical analysis, highlighting that Solana has…

‘Solana Season Is About To Return’ As Price Turns Key Resistance Into Support – Analyst

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Este artículo también está disponible en español. Solana has captured the spotlight this week with its volatile price action, demonstrating resilience amidst market uncertainty. After dropping to a low of $168, SOL surged over 22% to reach $207, signaling renewed strength and bullish momentum. This impressive recovery has reignited optimism among investors and analysts alike, many of whom now anticipate a swift recovery and a potential bullish rally. Related Reading Top analyst Jelle has shared a compelling technical analysis, highlighting that the “Solana season” may be on the verge of…

Three Under-the-Radar Altcoins Skyrocket After Top Crypto Exchange Binance Rolls Out Trading Support

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Three low-cap altcoins skyrocketed in price on Friday after Binance added trading support for the crypto assets. The top global crypto exchange by trading volume listed aixbt by Virtuals (AIXBT), ChainGPT (CGPT) and Cookie DAO (COOKIE). CGPT, the native asset for ChainGPT, a web3 artificial intelligence (AI) infrastructure project, witnessed particularly pronounced gains, ripping by about 105% from $0.2 to $0.41 in a 24-hour period between Thursday and Friday. The 301st-ranked crypto asset by market cap has given up some of its gains and is trading at $0.346 at time…