Tag: Support

Analysts See $250 Rally Ahead as Solana Holds Key Support and Trading Volume Surges

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Solana (SOL) is back on the front foot after a choppy week, trading near $194 and holding a critical support band at $175–$186 that has repeatedly attracted dip buyers since August. Related Reading Price reclaimed the $190–$193 area after a sharp bounce from trendline support, with traders now eyeing a clean break over $200 to flip momentum. On the charts, Solana remains inside a descending channel of lower highs and lows, but a sustained move above $202–$211 (a confluence of the 20/50-day EMAs and key Fibonacci levels) would mark a…

Chainlink Bears Show Strength, But $16 Support Could Flip The Downtrend

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In his latest Chainlink daily technical outlook, CryptoWzrd noted that the token closed bearish, retesting the $16.00 daily support level. He mentioned plans to monitor its intraday chart closely for potential quick scalp opportunities, particularly if LINK holds above $16.80, which he views as a positive zone. A Possible Shift In Chainlink’s Current Bearish Action Moving on, CryptoWzrd pointed out that both Chainlink and LINKBTC closed the day with bearish candles, signaling short-term weakness. The downside move came after a period of consolidation, suggesting that traders may be taking profits…

Bitcoin May See Sell-off If $100,000 Support Fails — Here’s Why

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After a short-lived display of bullish momentum, where price returned as high as about $116,000 after the tariff-induced flash crash, Bitcoin’s price has maintained a sharp downward trend in the third week of October. More shockingly, on-chain data has surfaced that paints a pessimistic yet uncertain picture of the cryptocurrency’s future. Related Reading $100,000 Emerges As Key Support Zone In a recent X post on Friday, CryptoQuant analyst Julio Moreno shared insights from his technical analysis of the Bitcoin price action. Moreno highlighted that Bitcoin’s most recent break beneath what…

Bitcoin Price Takes Warning That $100,000 Support Will Be Violated

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Key points: Bitcoin stabilizes into the weekend, but market sentiment is anything but relaxed about the outlook. BTC price forecasts increasingly feature sub-$100,000 levels. RSI signals still point to a rebound — something more likely if stocks head higher next week. Bitcoin (BTC) clung to $107,000 on Saturday as traders braced for fresh lows next. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin traders still doubt strength of $100,000 Data from Cointelegraph Markets Pro and TradingView showed cooling BTC price volatility into the weekend. This gave bulls some much-needed relief after a…

Bitcoin Faces Bearish Pressure Near $111K Support After Failing to Extend All-Time Highs

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Bitcoin (BTC) is once again testing critical support above $111,000, with traders debating whether the recent pullback marks the start of a deeper correction or a healthy consolidation before the next leg higher. Related Reading After touching an all-time high above $126,000, the world’s largest crypto asset has shed nearly 9% on the weekly charts, reflecting waning momentum amid broader market uncertainty and renewed U.S.–China trade tensions. BTC’s price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Bitcoin Tests Key Support as Momentum Fades Currently, Bitcoin…

Ethereum Price Slides Below $4,000 Support As Sellers Tighten Their Grip

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Ethereum price struggled to stay above $4,020 and dipped further. ETH is now consolidating in a range and might decline further if there is a move below $3,820. Ethereum started a fresh decline below $4,020 and $4,000. The price is trading below $4,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,820. Ethereum Price Dips Below Support Ethereum price…

Bitcoin Price Dips Deeper Into Red — Traders Eye Next Support Near $105,500

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Bitcoin price is struggling to settle above $112,500 and $113,000. BTC is now moving lower and might start another decline below $108,000. Bitcoin started a fresh decline after it failed to clear the $113,000 resistance level. The price is trading below $110,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $110,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $107,500 zone. Bitcoin Price Dips Again…

Tether Donates to OpenSats to Support Bitcoin

Key Notes Tether announced that it is supporting OpenSats with a donation of $250,000. OpenSats is a 501(c)(3) public charity that offers funds to contributors and projects that strengthen Bitcoin and advance open, censorship-resistant technologies. Tether has continued to expand its advocacy for Bitcoin and crypto. Largest stablecoin issuer Tether has shown support for OpenSats by donating $250,000 to the Bitcoin-related BTC $109 973 24h volatility: 0.9% Market cap: $2.19 T Vol. 24h: $69.23 B project. This fund will go a long way in boosting the charity’s operations, which include…

Bitcoin price tests support as spot BTC ETFs see outflows

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Bitcoin price slipped lower on Oct. 16, testing key support around $111,000 as spot Bitcoin exchange-traded funds swung back to net outflows after a brief return to inflows.  Summary Bitcoin trades around $111K as BTC spot ETFs record $94M in outflows. Trading volume and derivatives activity signal cautious sentiment. Dovish Fed tone offers hope for renewed upside momentum. As of this writing, Bitcoin was trading close to $111,673, down 8% over the previous week and 0.5% over the previous day. Trading volume has fallen sharply to $66.2 billion, a drop…