Bitcoin Price Faces Tough Resistance Despite Recovery On The Chart
Bitcoin price continues to witness strong resistance around the $19,400 mark. Over the last 24 hours, the coin depreciated by 2.9%. At the beginning of this month, Bitcoin price had staged a brief recovery but it was met with selling pressure. After the coin started hovering near the $18,000 price mark, this level attracted buyers on the chart. Soon after that, BTC moved up on its chart two weeks ago. The technical outlook of the coin indicated that the bears hadn’t given up yet. The bulls could return to the chart if the coin broke past its immediate resistance mark. Buying strength....
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Despite showing great recovery signs from a low of $0.33 with over 80% gains in weeks, Matic price faces strong resistance at $1. July has been good for most crypto projects, with the price of Matic surging to over 80% gains in just one month, although Matic price faces steep resistance at the $1 mark. Matic Weekly Chart Analysis The price of Matic moved from the low of $0.33 to a high of $1 before seeing a rejection to a region of $0.80. Matic saw a relief bounce when it met its all-time high (ATH) of 2021; this became a good support for Matic to build more buy pressure for a good relief....
Ethereum price is finding it very tough to break a bearish trend line on the hourly chart. Let us see whether ETH can succeed in breaking it or not. Key Highlights. Ethereum price is struggling a lot against the US Dollar, as it is facing a major resistance on the upside. The bearish trend line I have been following this week on the hourly chart (data feed via Kraken) of ETH/USD is acting as a tough resistance for the bulls. The price is also finding offers near the 100 hourly simple moving average, positioned around the same trend line. Ethereum Price Trend Line Resistance. Ethereum price....
Ethereum started a recovery wave above the $2,840 level against the US Dollar. ETH is now facing a major challenge near $2,905 and the 100 hourly SMA. Ethereum started a decent recovery wave above the $2,840 and $2,850 levels. The price is still below $2,900 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,900 and $2,915 resistance levels to continue higher. Ethereum Price Faces Resistance Ethereum traded as low as $2,766 before it started a....
Ethereum price is attempting a recovery wave above the $3,125 zone. ETH must clear the $3,200 resistance to continue higher in the near term. Ethereum extended losses and tested the $3,075 support zone. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below the $3,125 support. Ethereum Price Faces Resistance Ethereum price struggled to recover and extended losses below the $3,100 level. ETH traded as....
The price of Ethereum (ETH) has struggled to hold above $2,000 against Tether (USDT) after being rejected from that region. Ethereum price in the past few days has struggled to reclaim the $2,000 mark that has become a resistance despite showing strong bullish signs and outperforming Bitcoin (BTC) in this relief rally. The price of ETH ranging has led to many feeling weary if bulls are still in control. Related Reading: Shiba Inu Trends Upwards Through Strong Whale Accumulations Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,012,....