XRP Coils At Support: Refusal To Drop Hints At Potential Reversal — Here’s Why
The XRP price action is now showing signs of resilience as it coils tightly around a key support level, fighting against further downside pressure. Despite recent pressure across the broader crypto landscape, XRP has repeatedly held this level. With bearish momentum fading and volatility compressing, it could be preparing for a potential reversal. Support Cluster Shows Strength As XRP Holds Its Ground XRP is reaching a point where it refuses to go any lower. Crypto analyst Henry has noted on X that the token is whispering loudly right now, showing strength exactly where it matters, and....
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Crypto analyst Ali Martinez has offered an exciting bullish projection for the Bitcoin price. This analysis is even more interesting for the premier cryptocurrency after it fell to a multi-month low over the past week. Is A Return To $60,000 On The Cards For BTC Price? In a new post on the X platform, Martinez shared an interesting analysis of the Bitcoin price, explaining that the coin might be primed for a run to the upside. This is based on two bullish candlestick formations on the three-day chart. Firstly, the pundit noted that the price of BTC is forming a doji candle pattern on the....
Bitcoin price might be in for a larger drop based on the short-term reversal formation but technical indicators are giving a different signal. Bitcoin Price Key Highlights. Bitcoin price seems to be having trouble sustaining its climb, as it started forming lower highs so far this week. A head and shoulders pattern seems to be forming, indicating a potential reversal if price breaks below the neckline around $570. If that happens, bitcoin price could drop to the next visible support around $540. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the path of least resistance....
Bitcoin price was dumped yesterday by over 20% against the US Dollar. BTC is recovering from $30K and it might attempt a bullish reversal above $40K. Bitcoin tumbled below the $40,000 and $35,000 support levels. The price is now trading well below $42,000 and the 100 hourly simple moving average. There is a crucial bearish […]
XRP remains in a holding pattern, according to the latest chart analysis shared by crypto analyst @CasiTrades. Despite a relatively subdued weekend, XRP continues to trade above critical support levels, indicating that the current bullish structure has not been invalidated. XRP Price Remains Bullish A closer look at the 4-hour XRP/USD chart by @CasiTrades shows two converging trend lines that have formed a symmetrical triangle spanning from mid-January to mid-March. XRP’s price action has respected both the upper and lower boundaries of this formation until early March. Related Reading:....
Cardano (ADA) declined significantly over the past few days, resulting in a price drop of 22.6%. ADA price seen losing another 14% in the coming days Cardano buyers drop support at the 20-day EMA ADA intraday trading volume registers a 104.6% gain The expanded selling activity results in the offshoot of the critical supporting EMAs that are attempting to break the support zone of $0.45. So, this provides an opportunity for buyers to take advantage of price drops. Related Reading: FLOW Reclaims Green Turf After 7-Day Losing Streak Cardano Shows Bullish Reversal The....