Category: Analysis

Ethereum Price Reaches Resistance — Breakout Could Signal Fresh Upside Leg

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Ethereum price started a recovery wave above $3,880. ETH is now rising and might aim for more gains if it clears the $4,050 resistance. Ethereum started a fresh recovery above $3,800 and $3,880. The price is trading above $3,920 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,940 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $4,050. Ethereum Price Rises Again Ethereum price struggled to settle…

Bitcoin Price Stabilizes After Drop — Early Signs Of Recovery Emerge

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Bitcoin price is attempting to recover above $107,500 and $108,000. BTC could continue to move up if it clears the $109,500 resistance zone. Bitcoin started a fresh recovery wave above the $105,000 resistance level. The price is trading above $108,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $107,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it trades above the $109,500 zone. Bitcoin Price Eyes Recovery…

Analyst Predicts XRP Price Will Hit $1,200 With 50,000% Run Driven By These Factors

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Crypto analyst Remi has predicted that the XRP price could hit $1,200. The analyst also highlighted factors that could spark this 50,000% increase for the altcoin even as it crashes alongside the broader crypto market at the moment.  Analyst Predicts XRP Price Will Hit $1,200, Here’s Why In an X post, Remi stated that the charts are now showing that an E-wave rally to $1,200 for the XRP price. The analyst noted that in 2017, the altcoin recorded a 76,000% gain, with no utility and driven solely by retail speculation.…

XRP Stalls Below Key Resistance, But Setup Aligns For An Elliott Wave Finish

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XRP is showing signs of hesitation after a strong rebound, struggling to push past key resistance levels. The recent price action fits neatly within an Elliott Wave pattern, suggesting the market may be entering its final consolidation phase before the next major move unfolds. Market Pauses After The Storm CasiTrades, in a recent market update, explained that following last Friday’s sharp wipeout, prices managed to rebound impressively, but that momentum now appears to be losing steam. According to the analyst, such pauses are natural after strong moves. In Elliott Wave…

BNB Price Retreats After Rally — More Downside Risks On The Horizon

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BNB price is consolidating losses below the $1,200 zone. The price is now facing hurdles near $1,250 and might start another decline in the near term. BNB price is correcting gains and traded below the $1,200 support zone. The price is now trading below $1,180 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $1,180 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $1,120 level to start another increase in the near…

XRP Price Slips Again, Bears Tighten Grip As Momentum Turns Negative

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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…

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…

How An Over 50% Bounce Could Materialize

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XRP is still looking to confirm a strong bounce in price action after a crash that saw it register a huge bearish wick over the weekend, and many analysts are anticipating its next major move. According to technical analysis by crypto analyst HovWaves, XRP’s recent crash and bounce could be the early stage of a broader rally that positions its price for a run to as high as $8. XRP Finds Support And Rebounds Over 50% Technical analysis of XRP’s price action on the weekly timeframe, which was posted on the…

Analyst Reveals The Chances Of The XRP Price Rallying 300% To $9 This Bull Run

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Crypto analyst Egrag Crypto has revealed the chances of the XRP price rallying to $9 in this market cycle. He alluded to performances in previous cycles to explain why he believes this $9 target is the minimum for this cycle, with the possibility that XRP could reach higher prices.  Chances Of The XRP Price Rallying to $9 In an X post, Egrag Crypto revealed a 57% chance that the XRP price will rally to $9. This came as he highlighted a descending broadening wedge, which he claimed has a 57%…