TA: Bitcoin Recovery Stalls Near Key Juncture, Key Resistance Intact
Bitcoin started an upside correction from the $17,600 zone against the US Dollar. BTC is now facing a strong resistance near $20,500 and $21,000. Bitcoin was able to recover losses from the $17,600 support zone. The price is now still below the $20,000 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of a fresh decline unless it settles above the $21,000 resistance zone. Bitcoin Price Eyes Steady Recovery Bitcoin price....
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Ethereum is trading at a critical juncture as buyers continue to defend the $2,600 support zone, attempting to stabilize the price after recent volatility. While this level is keeping short-term downside in check, broader market pressure and weakening structure leave bears watching closely for a potential breakdown that could open the door to a deeper macro pullback. $2,600 Holds As Key Support On Ethereum 6H Chart On X, Can Özsüer highlighted that Ethereum is currently holding above the $2,600 support zone on the 6-hour chart, a level that has so far provided a solid base for price....
Ethereum price corrected and moved down once again versus the US Dollar. Yesterday’s trend line acted as a perfect resistance for ETH/USD. Key Highlights. ETH price after a minor rise yesterday towards 10.50 found sellers against the US Dollar, and moved down. Yesterday’s highlighted a few bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD acted as a perfect resistance. The price may continue to move lower towards $10.10 as the bearish pressure is intact. Ethereum Price Downside Move. ETH price attempt to recover the ground failed, as it moved down once....
Bitcoin price remained supported above the $86,000 zone. BTC is now consolidating and might aim for a move above the $88,000 resistance zone. Bitcoin started a fresh recovery wave above the $86,800 zone. The price is trading below $87,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $88,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $88,000 and $88,200 levels. Bitcoin Price Faces Key Resistance Bitcoin price remained stable above the $85,500 level. BTC....
XRP price attempted a recovery wave above the $2.850 zone. The price is now struggling to clear $3.00 and might decline again below the $2.80 zone. XRP price is moving lower below the $2.920 support zone. The price is now trading near $2.90 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.850. XRP Price Faces Hurdles XRP price found support near $2.680 and recently started a recovery wave, beating....
XRP price started a recovery wave above $1.380 but failed near $1.3980. The price is now consolidating and might aim for a fresh move above $1.40. XRP price started a recovery wave above the $1.3750 zone. The price is now trading below $1.40 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.4100 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.40. XRP Price Faces Key Hurdle XRP price remained supported above $1.3120 and started a recovery wave, like Bitcoin and....