XRP Shows Strength Amid $3 Retest, But Analyst Warns Of Potential Correction
XRP has recovered from the recent market pullback and is attempting to confirm the $3.00 level as support. However, an analyst suggested that the cryptocurrency risks a new retest of the range lows before bullish momentum continues. Related Reading: Cardano Retests Key Support As SEC Delays ETF Decision – Is An October Rally Brewing? XRP’s Daily Close Key For Momentum XRP has reclaimed a crucial level as support while the crypto market stabilizes from this week’s market downturn. The altcoin has been trading sideways over the past week, hovering between $2.85-$3.10 range. The....
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Solana (SOL) is attempting to reclaim a strong resistance zone for the fourth time, which has led some investors to suggest that the rally won’t last long. Nonetheless, on-chain data suggests that SOL’s next leg up could be starting. Related Reading: XRP Shows Strength Amid $3 Retest, But Analyst Warns Of Potential Correction Solana Breaks Out Of Triangle Pattern On Thursday, Solana hit a six-month high of $216 after breaking out of one of its most crucial resistance zones. The cryptocurrency bounced 16% from Monday’s lows and reclaimed the $200 barrier as support on Wednesday, closing the....
XRP stands at a pivotal point as it approaches the $2.97–$3 resistance zone. Holding above this level could confirm bullish momentum and spark the next Wave 3 rally, but a rejection here risks triggering a deeper correction. Perfect Retest: $2.79 Support Holds Strong CasiTrades, a crypto analyst, recently shared an update on XRP’s ongoing market structure, pointing out that the backtest of the $2.79 support level was flawless. According to CasiTrades, this was precisely where momentum was expected to re-enter the market, and buyers have indeed shown strength at this zone. She emphasized....
Crypto analyst Basic Trading has revealed that the Dogecoin price is confirming a final retest before a potential move to the upside. In line with this, he revealed price levels to watch for as DOGE eyes a bullish breakout. Levels To Watch For As Dogecoin Price Confirms Final Retest In a TradingView post, Basic Trading highlighted $0.2, $0.5, and $5 as the levels to watch out for as the Dogecoin price confirms a final retest. This came as the analyst noted that market participants are about to witness a textbook ‘break and retest’ for Dogecoin. Alluding to the monthly chart, the analyst....
Amid the geopolitical turmoil, Solana (SOL) has retraced 10% in the past week. Some analysts believe that the altcoin’s correction is about to end, but warned that a dip below a key support level might come first. Related Reading: SUI Preparing For New Highs As Falling Wedge Breakout Targets $5 Solana Eyes Key Retest Before Breakout After retesting the $168 resistance last Wednesday, Solana has fallen back to a key level fueled by the recent market pullback. The cryptocurrency has seen a 15% retracement from its monthly highs, trading around the $140 zone for the past three days. SOL has....
Vanda Research has warned of a broad correction in the cryptocurrency market. Ben Onatibia, the firm’s partner and senior strategist, said that the surge in cryptocurrency prices this year is reminiscent of bitcoin’s rally in 2017. A Correction in Crypto Market Appears to Be Brewing, Says Analyst Vanda Research published a report Monday warning of a broad correction in the cryptocurrency market. The firm’s partner and senior strategist, Ben Onatibia, explained that in 2017 the bitcoin price rise was followed by a correction and a jump in interest in then-lesser known....