Tag: Support

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

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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

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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

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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

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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

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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…

Dogecoin Recovery In Sight: Strong Support Hints At Bullish 2025

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It’s possible that Dogecoin (DOGE) will make a big comeback in 2025. Recent predictions say that DOGE could soon turn its luck around and win back the trust of investors after losing 40% in December 2024. But how likely are these predictions to come true, and what’s making people so hopeful? A Trend In History That Can’t Be Ignored In the past, Dogecoin has shown amazing endurance in its fourth market cycle year, regularly beating predictions. Alan Santana, a cryptocurrency analyst, says that trade in DOGE has recently become more…

Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For

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Este artículo también está disponible en español. Technical analysis shows that Shiba Inu is currently at a critical juncture where it could either rebound to new multi-year highs or face declines to retest a few support levels. In light of this, a recent analysis on TradingView has highlighted crucial support and resistance levels that could dictate SHIB’s short-term movements. This analysis was made on the daily candlestick timeframe chart of SHIB against Tether (USDT), which reveals the potential for a substantial rally toward $0.000045 if key resistance levels are broken.…

Chainlink Tunrns Resistance Into Support – ATH Next?

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Este artículo también está disponible en español. The crypto market showed signs of revival yesterday, with several assets experiencing significant price surges after weeks of subdued action. Chainlink (LINK) stood out, gaining over 15% in just 24 hours, solidifying its position as one of the stronger altcoins in the current environment. This sharp recovery highlights growing interest in LINK as market sentiment shifts. Related Reading Renowned analyst Jelle shared a technical analysis on X, revealing a critical development in Chainlink’s price action. According to Jelle, LINK has successfully flipped a…

Bitcoin $81K Support Zone Could Decide Its Next Big Move

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Shiba Inu Testing A Significant Support Zone – Bullish Breakout Ahead?

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Este artículo también está disponible en español. Shiba Inu has faced consistent bearish price action, with its value dropping over 44% since reaching a local high in early December. This prolonged downtrend has left investors and traders questioning whether the popular meme coin can recover or if further losses are on the horizon. Related Reading Top analyst Ali Martinez has shed light on Shiba Inu’s current price structure, sharing a detailed technical analysis that pinpoints the asset’s most significant support zone between $0.0000215 and $0.0000193. According to Martinez, this range…