XRP Price Gears Up—Can It Overcome Key Resistance Levels?
XRP price started a fresh recovery wave from the $2.20 zone. The price is now rising and might clear the $2.550 resistance zone. XRP price started a decent upward move from the $2.20 support zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move up if it clears the $2.550 resistance zone. XRP Price Faces Resistance XRP price started a fresh decline below the $2.80 zone, like Bitcoin and....
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In an X post shared today, acclaimed cryptocurrency analyst Ali Martinez identified two key resistance levels that Ethereum (ETH) must reclaim to confirm a bullish trend reversal. Additionally, ETH is showing signs of bullish divergence on the daily chart, raising optimism among holders that a rally may be closer than expected. Ethereum Must Overcome These Levels For Further Upside Unlike rival cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and XRP, ETH’s recent price action has disappointed most of its holders. The second-largest cryptocurrency by market capitalization is down....
Bitcoin price recovered above the $62,000 resistance zone. BTC must clear the $62,500 resistance zone to continue higher in the near term. Bitcoin started a recovery wave above the $61,500 and $62,000 levels. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $62,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to rise above the $62,500 and $63,000 resistance levels. Bitcoin Price Faces Resistance Bitcoin price extended losses below the $60,000 support zone.....
Bitcoin price is rising steadily above the $10,800 resistance against the US Dollar. However, BTC might face a strong resistance near the $11,000 and $11,100 levels in the near term. Bitcoin started a decent recovery wave above the $10,550 and $10,650 resistance levels. The price is now trading above the $10,800 resistance and the 100 […]
Bitcoin price rose gradually earlier today to a day high of around $365. As per yesterday's analysis, bitcoin price failed to overcome the resistance corresponding to the point of intersection between the Gann 1×1 Angle and the 23.6% Fibonacci retracement level at around 20:00 hours. According to the Gann Angles we plotted yesterday, bitcoin price is expected to face another strong resistance level at exactly 00:00 on Monday, which is a few hours away from now. Gann Angles: The beauty of Gann angles is that they utilize some integration concepts from the book of "Calculus" to help us....
In my prior analysis, Finally, a Breakout!, I had mentioned that Bitcoin may rise further to challenge the previous strong support level of $231. The price did advance to $230.79 followed by minor booking, which has brought the price down to $228.49. With Bitcoin unable to overcome the supply pressure near the resistance level, it becomes important to question whether it remains a buy on dips candidate or not. Let's find that out with the technical analysis of the 240-minute BTC/USD price chart below. Bitcoin Chart Structure - As can be seen from the chart above, Bitcoin first retested the....