Neiro Breaks Above Key Level Following 10% Weekly Drop, Is $0.0020 Next?
Despite Neiro (NEIRO)’s recent price drop, analysts and investors seem bullish on the memecoin. Some market watchers noted the cryptocurrency’s potential, suggesting the levels to watch ahead of the next bullish rally. Related Reading: If Dogecoin Breaks Above Key Resistance ‘We Could See A 25% Rally’ – Top Analyst Neiro Sees 10% Weekly Correction Neiro made the headlines three months ago after becoming an overnight sensation on the Ethereum Network. The memecoin was inspired by the newly adopted sister of Dogecoin’s inspiration, Kabosu. The cryptocurrency has registered a remarkable....
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Bitcoin could drop to as low as $27,000 in a bearish scenario, analysts say, which would bring panic to the altcoin market. Some analysts say that the price of Bitcoin (BTC) could drop to $27,000 in a bearish scenario if it falls through the $30,000 support area.The potential drop to $27,000 is conditional in that BTC would have to break down below $30,500, where it strongly bounced from on Jan. 11. Bitcoin whale clusters. Source: WhalemapWhich is the short-term Bitcoin bottom?In the foreseeable future, there are three key technical levels at play for Bitcoin: $34,500, $30,500, and....
Ethereum has undergone a 6% drop over the past 24 hours in the face of the stock drop. The Dow Jones is down 3% during Monday’s trading session. Analysts think ETH could bounce, though, as the coin has recovered to $390. One analyst noted that the coin is now trading above the pivotal swing level at $390. Ethereum holding above that level is expected to trigger a recovery towards the $422 weekly highs as aforementioned. […]
The powerful growth of Bitcoin’s price was followed by a sharp drop. That downward trend was natural. What explains the current drop? It was mentioned earlier that Bitcoin’s price has reached an important long-term resistance line. A new direction is usually chosen in such points, or, alternatively, an old trend continues with more power, but only after a rebound. What that means, is that there was a good chance for a drop, and it happened. The last confirmation was the disruption of the structure of the upward trend, a point where the drop finally took place. So far this short-term trend....
Following Bitcoin’s bullish move, Ethereum price rallied to $447 and now traders anticipate an uptrend toward $500 and beyond. On Nov. 6, Ether (ETH) price rose to $447 on Binance as Bitcoin (BTC) price pulled back to the $15,500 level after losing steam around $15,900. Based on Ether's strong momentum, traders anticipate a broader rally to emerge in the near term.There are three potential reasons why Ether could see a large uptrend in the upcoming weeks. The catalysts are an optimistic high time frame technical structure, favorable on-chain metrics, and the launch of ETH 2.0.ETH is....
Bitcoin price is showing a lot of positive signs. As long as it is above the 100 simple moving average (H4 chart) more gains are likely. Intraday Support Level can be $420. Intraday Resistance Level may be $445. Bitcoin price as mentioned found sellers near a major resistance area of $450 and corrected lower. However, there is a bullish trend line formed on the 4-hours chart (data feed from Bitstamp), which acted as a support and prevented any further losses. The price is now attempting to recover in the near term, and may trade higher moving ahead. It is currently trading near the 61.8%....