Tag: Price

Bitcoin Cash Price Analysis: BCH/USD At Risk Of Break Below $500

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Key Points Bitcoin cash price is struggling to recover above $530 and $540 against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $515 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently at a risk of more losses below the $500 and $490 support levels. Bitcoin cash price is currently well below $530 against the US Dollar. BCH/USD might accelerate declines once there is a close below the $500 level. Bitcoin Cash Price Analysis Yesterday, we discussed…

NEM Price Rebounds to Two-Month High Following Coincheck Relisting

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Twitter Facebook LinkedIn The price of NEM tokens (XEM) has risen some since Japanese exchange Coincheck announced that it would once again allow trading of the token, which was suspended after a hack at the exchange led to a more than half-billion dollars in tokens being stolen and systematically laundered through other exchanges. The XEM price started picking up momentum just before the announcement. It presently sits at almost 12 cents per token with a market capitalization of nearly $1 billion, a far cry from its January high (which had…

Bitcoin Teases Bull Move After Defense of Key Price Support

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Bitcoin could be in for a recovery rally, having defended a key support level over the weekend. The leading cryptocurrency has been looking bearish over the last week. It suffered an ascending channel breakdown on Nov. 7, suggesting a temporary top had been created at $6,540, while the moving averages rolled over in favor of the bears a day later. As a result, BTC looked likely to drop below the support of the trendline connecting the Oct. 11 and Oct. 31 lows, and move toward $6,200 over the weekend. Instead,…

Bitcoin Price Watch: BTC/USD Targets Fresh Weekly Lows

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Key Points Bitcoin price declined recently below the $6,300 support before correcting higher against the US Dollar. There was a break above a connecting bearish trend line with resistance at $6,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is struggling to break the $6,380 resistance and the 100 hourly simple moving average. Bitcoin price is trading in a bearish zone below $6,400 against the US Dollar. BTC/USD could decline further towards the $6,250 or $6,220 level in the near term. Bitcoin Price Analysis…

Cardano Price Analysis: ADA/USD Could Resume Gains Above $0.080

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Key Highlights ADA price corrected lower recently and tested the $0.0738 support area against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0755 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to climb higher once again above the $0.0780 resistance in the near term. Cardano price is holding key supports against the US Dollar and Bitcoin. ADA/USD could break the $0.0780 resistance as long as it is above $0.0735. Cardano Price Analysis After trading above…

Ripple Price Analysis: XRP/USD Could Recover Above $0.5200

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Key Highlights Ripple price extended slides recently, but it found support near $0.4860 against the US dollar. There was a break above a key bearish trend line with resistance at $0.5050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading above $0.5000 and it could recover above $0.5200 in the near term. Ripple price is slowly recovering against the US Dollar and Bitcoin. XRP/USD is positioned nicely for more upsides towards the $0.5200 or $0.5280 levels. Ripple Price Analysis There was a…

Ethereum Price Analysis: ETH/USD Bullish Above $214

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Key Highlights ETH price found a strong support near the $206 level and recovered against the US Dollar. There was a break above a connecting bearish trend line with resistance at $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently moving higher towards the $212 and $214 resistance levels in the near term. Ethereum price is trading in a range against the US Dollar and bitcoin. ETH/USD must move above the $214 resistance to start a solid upward move. Ethereum Price Analysis There were…

Bitcoin Cash Price Analysis: BCH/USD Extending Losses Towards $500

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Key Points Bitcoin cash price failed to recover above $550 and declined recently against the US Dollar. There is a crucial bearish trend line formed with resistance at $535 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to remain in a bearish zone and it could slide towards the $500 support. Bitcoin cash price is under pressure below $550 against the US Dollar. BCH/USD could accelerate losses towards the $500 and $480 support levels. Bitcoin Cash Price Analysis There was a slow…

XLM/USD, ADA/USD Gains Setting Pace for Inevitable Altcoin Price Recovery

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Even with ball park +75 percent losses from 2017 highs, the altcoin market is ripe for a reversal as XLM/USD and ADA/USD reject lower lows. Meanwhile, EOS/USD and LTC/USD are near important support levels and today could determine short term price trajectory. Let’s have a look at these charts: EOS/USD Price Analysis Back to back losses mean none of our trade conditions are live. However, a glance at the chart indicate that sellers are in charge and could drive prices below $5 triggering aggressive sellers into action aiming at $4.…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 9

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  The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. While many experts and investors view the current crypto bear market as a negative, economist Tyler Cowen, professor at George Mason University, believes that a crash is positive because it helps clean up the system. The dotcom bubble, though painful, wiped out the…