Bitcoin Price Recovery Gains Pace, Can Rally Momentum Return?
Bitcoin price started a recovery wave above the $80,500 zone. BTC is consolidating and might aim for more gains if it clears the $81,500 resistance zone. Bitcoin managed to form a base above $80,000 and started a recovery wave. The price is trading above $80,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $81,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $81,500 zone. Bitcoin Price Eyes Fresh Upside Break Bitcoin price remained supported above the....
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Bitcoin price has hit resistance at the $24,000 level, resulting in a slight pullback in select altcoins. Is the rally over? Bitcoin (BTC) hit a six-week high above $24,000 on July 29, extending its rally that picked up momentum after the United States Federal Reserve hiked rates by 75 basis points on July 27. If the rally sustains for the next two days, Bitcoin could be on target to close the month of July with gains of more than 20%, according to data from Coinglass.It is not only the crypto markets that have seen a post-Federal Open Market Committee (FOMC) rally. The U.S. equities....
Following the broader market recovery, sentiment appears to be shifting in the XRP market as signs of renewed bullish momentum start to take hold. A growing bullish momentum implies that buyers are gradually stepping back in. However, a key metric suggests a lingering underlying weakness beneath the surface. The Real State Of The XRP Market […]
XRP price started a decent increase above $2.350. The price is now consolidating and might aim for more gains above the $2.50 level. XRP price stayed above $2.120 and started a recovery wave. The price is now trading above $2.35 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance at $2.33 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it clears $2.50. XRP Price Starts Recovery XRP price started a recovery wave above $2.20 and $2.250, like Bitcoin and Ethereum. The price gained....
Ethereum extended its rally above the $1,550 resistance against the US Dollar. ETH is correcting gains but dips might find bids near $1,460. Ethereum gained bullish momentum and even surpassed the $1,550 resistance. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to gain pace if there is a clear move above the $1,600 zone. Ethereum Price Extended Rally Ethereum gained pace after there was a clear move above the....
Solana is gaining pace above the $35 resistance against the US Dollar. SOL price remains supported and might aim for a fresh rally toward $38. SOL price started a major rally above the $32 resistance against the US Dollar. The price is now trading above $35 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $33.30 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair is up nearly 10% and might surge further toward the $38 resistance. Solana Price Rallies 10% After a decent upward move, Solana settled above the $30....