Weak Wave, But Strong Intent: BNB Bulls Poised To Challenge The $1,300 Zone
BNB appears to be regaining strength after a brief pause, with bulls showing signs of renewed intent. Despite a weak Wave (5) formation, the broader uptrend remains intact, and momentum is quietly building. If the push continues, the next major test lies near the $1,300 zone — a level that could define BNB’s bullish chapter. Wave (5) Weakness Signals Possible Completion Of The Bounce Providing an update to a previous post on BNB, More Crypto Online highlighted that the recent bounce visible on the chart may now be nearing its completion phase. While price action initially appeared....
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Bitcoin has crossed the crucial resistance mentioned in A Breakout Everybody's Waiting For!, rising roughly 1.54% to trade at $235.75. The price appreciation has also led to overbought valuation for Bitcoin which might face stiff resistance from the next supply region at around $238. So, should you be buying Bitcoin now or not? Let's find out in the technical analysis below! Technical analysis of the above presented 240-minute BTC/USD price chart indicates that bulls have complete control over the situation and that Bitcoin is a pure buy-on-dips play. Bitcoin Chart Structure - After....
XRP price started a fresh increase above the $3.020 resistance. The price is now showing positive signs and might gain pace if it clears the $3.120 zone. XRP price is moving higher from the $2.980 support zone. The price is now trading above $3.020 and the 100-hourly Simple Moving Average. There was a break above a rising channel with resistance at $3.070 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if the price clears the $3.120 zone. XRP Price Attempts Fresh Increase XRP price extended losses below $3.00 before the bulls....
Bitcoin has gained over 28% in value since its April 7th low, marking a strong recovery that has shifted market sentiment in favor of the bulls. The leading cryptocurrency is now holding firmly above the $90,000 level, a key psychological and technical zone that suggests momentum is back on the side of buyers. However, risks […]
Bitcoin bulls defended the $31,000 level again, but data shows demand for BTC and altcoins is weak and this heightens the chase of further downside. Bitcoin (BTC) is witnessing a tough battle between the bulls and the bears near $31,000, which makes it an important level to watch out for. Data from Glassnode shows that the $31,000 to $34,300 zone has seen strong interest from buyers and sellers as 9.93% of the Bitcoin supply has moved in this zone.The failure of Bitcoin to rally quickly from strong support levels indicates weak demand. Proof of the current disinterest comes from BlackRock....
Bulls have utterly failed in capitalizing on the exuberance in the digital currency. As the price surged and sustained above the previous resistance zone of $280-285, the market was optimistic of the value crossing the $300-mark. However, even though $285 has not been breached on the lower end, considerable damage has already been done. Aggressive profit booking has led to price slipping from a high of $297 to a low of $286. Bitcoin is currently trading at $288.82, and bulls are fast losing steam which may become a cause of worry. https://www.tradingview.com/x/1Ipl74jQ/. As can be seen....