XRP/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this XRP/USD 1DAY chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-XRP, formerly Ripple, was once again in the green, as the token continued to move away from a recent price floor.
Following a low of 0.5092 on Thursday, XRP/USD rose to a high of 0.5438 earlier in the day.
As a result of today’s move in price, XRP moved to its highest level since March 29, when the token hit a then eleven-month high of $0.5848.
From the chart, it appears that one catalyst for the move was the 14-day RSI bouncing from a floor at 57.00.
Price strength is now tracking at 62.97, which is marginally below a point of resistance at the 63.00 mark.
At the time of writing, XRP is trading at 0.5274, which is slightly lower than its earlier peak.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) continued to climb higher as the price climbed above 2100 following its recent Shepela update.
After a low of 1,987.05 on Thursday, ETH/USD rose to a high of 2,126.32 in today's session.
As a result of today's increase in price, the world's second-largest cryptocurrency has reached its highest level since last May.
The latest rally came when the bulls broke the key resistance level of 2,030, with the RSI crossing its own hurdle at the 72.00 mark.
Like BTC, ETH's RSI is also overbought, with the index reading 75.29 at the time of writing.
A higher range at 80.00 now awaits the current uptrend in the market.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin (BTC) was again in the green on Friday as traders pushed the price closer to the 31,000 mark.
BTC/USD rose to 30,848.46 in today's session, a day after trading at a low of 30,160.59.
The move resulted in Bitcoin reaching its most critical point since June 7, when it hit 31,549.
The Relative Strength Index (RSI) has moved into the overbought zone.
The index is tracking at 72.18, slightly higher than the peak of 72.
If the index moves above the reading of 73.00, there is a high probability that BTC will trade above 31,000.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum Buoyed by the Shanghai update, Ethereum outperformed BTC in today's session, gaining nearly 7% in the process.
ETH traded at 1,882.37 in today's session, up from a peak of 2,007.05 a day earlier.
As a result of today's increase in value, the world's second-largest cryptocurrency reached its highest level since last August.
The 75.00 resistance level appears to be the next hurdle for the bulls, and should the momentum continue in the uptrend, ETH could move above 2100 this week.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-It continued to trade above 30,000 on Thursday as crypto markets remained buoyed by the latest US inflation report, which fell to 5%.
After hitting a low of 29,725.57 on Wednesday, BTC/USD rose to a one-day high of 30,462.48.
The move kept Bitcoin close to its ten-month high of 30,584 during Tuesday's trading session.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum fell below the 1900 level during today's session, losing almost 3% in the process.
After hitting a high of $1923.81 on Tuesday, ETH/USD fell to a low of $1860.04 earlier in the day.
Today's move came as ETH declined below the key 1915 resistance level, with the 1830 bottom a potential target for sellers.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Prior to the report, BTC/USD fell to a one-day low of 29,865.20, which comes less than 24 hours after trading at a high of 30509.08.
This comes after a massive jump in price on Tuesday, which saw Bitcoin climb to its highest point in ten months.
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SOL/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) The weekend was recorded slightly higher, although price uncertainty was also higher.
SOL/USD topped out at $20.71 to start the weekend a day after sitting at a low of $20.33.
Saturday's activity shows Solana hovering near the long-term bottom at $20.15, and it follows a crossover of the moving averages (MAs).
The 10-day (red) MA moved below its 25-day (blue) counterpart at the start of the week, though it was unable to extend its distance from the trendline.
The 14-day RSI is staying close to its own support point at 46.00.
Unless there is a breakout or a move above the resistance, the SOL trend is likely to remain sideways.
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ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- Cardano It bounced for the second consecutive session as the coin moved away from the recent support points.
After a low of $0.3783 on Friday, ADA/USD rose to a one-day high of $0.3902 to start the weekend.
After an unsuccessful breakout attempt, Cardano moved further away from the recent bottom at $0.3775.
Bulls rejected the breakout after the 14-day Relative Strength Index (RSI) bounced off a floor at 55.00.
The index is tracking traders at 56.96 with a potential target at 60.00.
Should they reach this destination, there are good chances that ADA will trade above $0.4000.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum The price started today's session in the green as it attempted to move back toward the 1900 level.
After a low of 1845.99 on Friday, ETH climbed to a peak of 1879.11 to start the weekend.
The world's second-largest cryptocurrency broke a two-day losing streak after holding above a floor at 1830.
Ethereum price strength remains below support at 61.00.
The 14-day RSI is tracking at 60.42, and should there be a breakout, the price would be more likely to move above 1900.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) There was a move back above the 28000 level on Saturday as the market continued to react to the latest NFP report.
Payrolls came in at 236,000, marginally lower than the 240,000 many were expecting.
After trading at a low of 27814.00 BTC/USD rose to a high of 28159.86 in today's session.
An increase in price comes when the Relative Strength Index (RSI) bounces off its low at 58.00.
The index is tracking at 59.07, which has helped delay the inevitable downward cross with the 10-day (red) moving average and its 25-day (blue) counterpart.
BTC is trading at 28,059.28.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also lower today, as prices slipped from an eight-month high the day prior.
Following a high of $1,924.47 on Wednesday, ETH/USD dropped to an intraday low of $1,859.00 earlier in the day.
As a result of this decline, ethereum has fallen from its strongest point since Aug. 17, when the price peaked at $1,957.
today’s drop resulted from the RSI hovering below a recent support point of 61.00.
Overall, it appears that earlier bulls have moved to take profits, ahead of the upcoming uncertainty in the market.
At the time of writing, ethereum is trading at $1,871.63.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) was once again trading under $28,000 on Thursday, as markets began to prepare for tomorrow’s non-farm payrolls report.
BTC/USD dropped to an intraday low of $27,831.56 in today’s session, which comes less than 24 hours after trading at a high of $28,714.22.
The move came as bitcoin bulls were unable to sustain a breakout of a key resistance level of $28,500.
Looking at the chart, this latest drop in price came as the 14-day relative strength index (RSI) dropped below a floor of 58.00.
As of writing this, the index is now tracking at 57.80, with the 10-day (red) moving average nearing a downward cross with its 25-day (blue) counterpart.
Should sentiment remain bearish, there is a strong possibility that BTC will fall to a floor at $27,000.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) broke out of a key resistance level on Wednesday, with traders now targeting a move beyond the $29,000 mark.
Following a low of $27,979.75 on Tuesday, BTC/USD moved to an intraday high of $28,739.24 earlier in today’s session.
The move saw Bitcoin climb above a recent ceiling of $28,500, hitting a four-day high in the process.
Overall, it appears that the move occurred once the relative strength index (RSI) bounced from a recent floor at 58.
As of writing, the index is tracking at 62.48, with the next visible ceiling of 65.00 as a possible target for bulls.
There is a strong possibility that BTC will be above $29,000 if and when this resistance point is hit.
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SHIB/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-Shiba Inu (SHIB) moved to a three-week high in the past several hours.
Following a low of $0.00001065 to start the week, SHIB/USD climbed to a peak of $0.00001157 yesterday evening.
This resulted in prices jumping by as much as 6%, hitting their highest level since March 14 in the process.
the move seemingly took place following a breakout of a key resistance level of 55.00 on the RSI indicator.
Price strength is now tracking at 55.76, and appears to be heading towards a higher ceiling at 58.00.
Should it reach its apparent target, SHIB will likely move beyond March’s high of $0.00001184.
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DOGE/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Dogecoin (DOGE) was one of today’s biggest gainers, as markets continued to react to Twitter’s logo change.
DOGE/USD raced to a high of $0.1026 late on Monday, following a low of $0.07663 earlier in the day.
As a result of this move, the meme coin rose to its strongest point since December 5, when it hit a peak of $0.1118.
Looking at the chart, Tuesday’s surge appears to coincide with the relative strength index (RSI) breaking out of a ceiling at 70.00.
At the time of writing, the index is tracking at 73.45, which is its highest reading since November.
Overall, dogecoin is up over 30% at the time of writing, and nearly 40% higher than at the same time last week.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was mostly higher in today’s session, as bullish sentiment made an unexpected return.
Following a low of $1,771.15 to start the week, ETH/USD climbed to an intraday high of $1,871.35 on Tuesday.
Tuesday’s rally saw bulls push ethereum back to its strongest point since August 17, when the price hit a peak of $1,957.
One of the catalysts for today’s surge appears to be a breakout at the 61.50 zone on the RSI indicator.
Currently, price strength is tracking at 62.54, with an upcoming ceiling of 65.00 a possible destination for bulls.
Should this point be hit, there is a good chance ETH will be trading at $1,900.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) continued to trade close to a key resistance level on Tuesday, as volatility in the market remained high.
BTC/USD rose to a peak of $28,433.74 earlier in today’s session, which follows up from a low of $27,276.72 on Monday.
As a result of today’s surge, bitcoin moved near its recent price ceiling of $28,500, however, bulls were not able to reach this point.
Looking at the chart, this seems to be because the relative strength index (RSI) continued to hover near a floor of 60.
As of writing, the index is tracking at 61.00, with the next visible ceiling of 65.00 as a possible target for buyers.
Should this level be reached, there is a strong possibility that BTC will be trading above $28,500.
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BCH/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BCH/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin cash (BCH) was another notable gainer to start the week, as the token moved to a ten-day high.
BCH/USD hit a peak of $129.15 on Monday, a day after the price was trading at a low of $120.54.
This rally sent BCH to its strongest point since March 24, when it rose to a peak at $132.05.
Earlier gains have since slipped, as the RSI collided with a ceiling at the 51.00 mark. Currently, the index is tracking at 50.59, following a rally from a support point of 47.00.
Overall, bitcoin cash is now up 5.78% from the same point last week.
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ADA/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Cardano (ADA) snapped a two-day losing streak to start the week, despite the global market cap mostly consolidating on Monday.
Following a low of $0.3729 on Sunday, ADA/USD surged to an intraday high of $0.4035 earlier in today’s session.
Today’s move saw Cardano near Friday’s high of $0.4093, which was its highest point since mid-February.
Looking at the chart, the climb in price coincided with the relative strength index (RSI) moving towards a ceiling of its own at 60.00.
At the time of writing, the index is tracking at 58.91, after moving away from a floor at 56.00.
Should price strength move past the upcoming ceiling at 60.00, then there is a strong chance ADA will recapture a fresh multi-month high.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) continues to trade above the $1,800 level, with traders still targeting a breakout above a key resistance level.
ETH/USD rose to a high of $1,819.29 earlier in today’s session, which comes after an earlier bottom at $1,765.52.
As a result of today’s jump, ethereum bulls attempted to move towards a ceiling at $1,825, however, momentum has since eased.
This comes as earlier bulls seemingly abandoned their positions as the RSI ran into a wall at the 60.00 level.
At the time of writing, price strength is now at the 57.77 mark, with the next visible ceiling around the 62.00 regions.
In addition to this, the 10-day (red) moving average is now nearing a downward cross with its 25-day (blue) counterpart, which could signal upcoming price weakness.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) started the week consolidating around the $28,000 level, as volatility in crypto markets remained high.
Following a low of $27,607.67 earlier in today’s session, BTC/USD rose to a peak at $28,475.62 as the day progressed.
The move saw bitcoin move closer to a recent resistance level of $28,500, which was broken over the weekend.
The recent price consolidation comes as the 14-day relative strength index (RSI) failed to move beyond a ceiling of 65.00.
As of writing, the index is tracking at 62.00, which is also a key point of support for traders.
Overall, the world’s largest cryptocurrency is now trading 1.46% higher than at the same time last week.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also higher to start the weekend, with prices once again climbing above the $1,800 level.
Following a low of $1,789.76 on Friday, ETH/USD raced to a peak at $1,844.68 earlier in today’s session.
As a result of the move, the world’s second-largest cryptocurrency jumped over a ceiling at the $1,825 zone.
From the chart, this seemingly coincided with the RSI breaking free of a resistance of its own at 59.00.
At the time of writing, price strength is now at the 60.15 mark, with the next visible ceiling around the 62.00 regions.
Should the RSI move closer to this point, ethereum bulls will send prices toward a long-term target of $1,900.
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