The total crypto market cap failed again to clear the $178.5B resistance and declined recently. Binance coin (BNB) price is down around 4% and it could test the $17.40 support level. Litecoin (LTC) price is slowly moving lower and it may revisit the $82 support area. Bitcoin cash price retreated from the $300 resistance and…
Ripple price seems to be struggling near the $0.3600 and $0.3700 resistance levels against the US dollar. The price is likely to break the $0.3480 support area and decline further in the near term. There is a key bearish trend line formed with resistance near $0.3600 on the hourly chart of the XRP/USD pair (data…
Cryptocurrency and stock price movements do not correlate with each other, indicated the latest Federal Reserve Economic Data (FRED). The data pitted S&P 500 index performance against the cryptocurrency index managed by US-based Coinbase crypto exchange platform. The results were some interesting shaky lines – often going in the same but mostly in the opposite…
Arithmetic researchers Willy Woo and David Puell might have pulled off methods to realize bitcoin price bottoms. In their latest tweetstorm, the cryptocurrency analysts shared two experiments after analyzing the bitcoin’s price action relationship with a time-value relating to how long an investor held their coins. Woo’s experiment was about finding Cumulative Value-days Destroyed (CVDD),…
Bitcoin price is slowly moving higher towards the $5,300 and $5,360 resistances against the US Dollar. The price is placed nicely in an uptrend and it could gain strength above $5,360. Yesterday’s highlighted significant ascending channel is intact with support at $5,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
The total crypto market cap is currently stuck in a range below the $178.5B resistance area. EOS price is gaining bullish momentum and it is up more than 5% above $5.70 today. Bitcoin cash price is likely to bounce back above $300 and $310 in the near term. Tron (TRX) price is currently consolidating gains…
Ripple price declined recently, but it managed to stay above the $0.3480 support against the US dollar. The price must stay above the $0.3480 support to avoid a downside break in the near term. There are a couple of short term bearish trend lines in place with resistance near $0.3595 on the hourly chart of…
ETH price corrected lower and found support near the $174 level against the US Dollar. The price found a strong buying interest and it is currently moving higher towards $185. Yesterday’s highlighted important bullish trend line is active with support at $175 on the hourly chart of ETH/USD (data feed via Kraken). The pair is…
The price retested the $5,360 resistance and it looks set to trade further higher in the near term. There was a break above a short term contracting triangle with resistance at $5,155 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to surge towards $5,500 or even $5,600…
The total crypto market cap is likely setting up for more upsides above the $180.0B and $185.0B levels. Bitcoin cash price is trading nicely above the $300 level and it may accelerate above $325 and $340. EOS price is currently consolidating above $5.50 and it could soon revisit the $6.00 level. Stellar (XLM) price is…