Key Highlights ADA price traded above the $0.0800 resistance before correcting lower against the US Dollar (tethered). There was a break below a major bullish trend line with support at $0.0785 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains at a risk of more declines below the $0.0770 and $0.0760 levels in the near term. Cardano price is currently correcting lower against the US Dollar and Bitcoin. ADA/USD could slide towards $0.0750 if sellers remain in action in the coming sessions. Cardano Price…
Tag: Price
Ripple Price Analysis: XRP/USD Under Pressure Below $0.5200
Key Highlights Ripple price declined recently and broke the $0.5200 support zone against the US dollar. There is a major bearish trend line in place with resistance at $0.5200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may struggle to move back above the $0.5200 resistance and the 100 hourly simple moving average. Ripple price failed to hold gains against the US Dollar and Bitcoin. XRP/USD may slide further towards the $0.4790 support level in the near term. Ripple Price Analysis During the past…
Ethereum Price Analysis: ETH/USD Back To Significant Support At $206
Key Highlights ETH price failed to recover and it recently declined below the $214 support against the US Dollar. There is a key declining channel in place with resistance at $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure and it could decline towards the $206 support area. Ethereum price declined further against the US Dollar and bitcoin. ETH/USD is slowly declining towards a significant support area near $206. Ethereum Price Analysis During the past few sessions, there was a slow and…
Bitcoin Cash Price Analysis: BCH/USD Sliding Towards $550
Key Points Bitcoin cash price declined recently and broke the $575-580 support against the US Dollar. There is a major bearish trend line in place with resistance at $582 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may continue to slide and it could even test the $550 support level in the near term. Bitcoin cash price extended declines below $600 against the US Dollar. BCH/USD is currently under pressure and it looks set to test the $550 support. Bitcoin Cash Price Analysis Yesterday,…
Price Eyeing Bearish Reversal from 100-Period SMA
Twitter Facebook LinkedIn The bitcoin-to-dollar exchange rate has dipped close to 1 percent on Thursday, now trading at 6470-fiat. The outcome of the US midterm elections with Democrats sweeping a sharp win in the House had certainly shaken the US dollar yesterday. The greenback nevertheless sustained its overall bullish momentum ahead of the Federal Reserve policy meeting today. It looks to hold on to its crucial supports owing to optimistic wage, price, and labor market data. Bitcoin, at the same time, could find it difficult to push through its critical…
Recovery in Doubt as Bitcoin Price Drops Out of Bullish Channel
Bitcoin is painting a less bullish picture than 24 hours ago, following a drop out of an ascending price channel. Stepping back, the leading cryptocurrency picked up a strong bid at $6,200 on Oct. 31, keeping the crucial 21-month EMA support intact. Further, it witnessed a symmetrical triangle breakout earlier this week, suggesting that bulls had come out victorious in a tug of war with the bears. The breakout had looked legitimate as the technical indicators turned increasingly bullish. In particular, the relative strength index rose to a three-month high…
Bitcoin Cash Price Analysis: BCH/USD Consolidating Near Key Support
Key Points Bitcoin cash price traded as high as $637 and later corrected lower against the US Dollar. There was a break below a key bullish trend line with support at $605 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near a major support at $575 and the 100 hourly simple moving average. Bitcoin cash price started a downside correction from the $640 swing high against the US Dollar. BCH/USD is currently consolidating near $575 and it could bounce back. Bitcoin…
Bitcoin Price Watch: BTC/USD Near Make-or-Break Support Zone
Key Points Bitcoin price declined recently and traded below the $6,470 support level against the US Dollar. There is a significant bullish trend line in place with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to bounce back as long as it is above $6,440 and $6,375 in the near term. Bitcoin price corrected lower below $6,500 against the US Dollar. BTC/USD is currently testing a major support at $6,440, which holds the key. Bitcoin Price Analysis Yesterday, we…
Ripple Price Analysis: XRP/USD Correcting Gains Toward Key Supports
Key Highlights Ripple price traded as high as $0.5626 and later corrected lower against the US dollar. There was a break below a major bullish trend line with support at $0.5300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct further lower towards the $0.5080 or $0.4940 support level in the near term. Ripple price is correcting recent gains against the US Dollar and Bitcoin. XRP/USD remains nicely supported on the downside near the $0.5080 level. Ripple Price Analysis Yesterday, there was a…
Ethereum Classic Price Analysis: ETC/USD Approaching Significant Support
Key Highlights Ethereum classic price traded close to $10.00 before correcting lower against the US dollar. There is a major bullish trend line in place with support at $9.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to find a strong buying interest near the $9.40 or $9.20 support level. Ethereum classic price started a downside correction against the US Dollar and Bitcoin. ETC/USD is approaching a few important supports above the $9.20 level. Ethereum Classic Price Analysis In the last analysis,…