CoinMarketCap

CoinMarketCap

This week, we will stick to the 4-hour time frame to analyze ADA’s price action in detail. The bulls have finally returned after a month of the bears maintaining a tight grip on the bulls. ADA has rallied by over 40% in the past two weeks after the sharp reversal earlier this month. The coin broke the stringent resistance at $0.3 and was able to extend the rally...

CoinMarketCap

This week, we will stick to the 4-hour time frame to analyze the price action in detail. The bulls seem to be in control after another strong week. After a strong rally last week, LINK was able to extend its gains to hit a new swing high of $7.1. We can see some consolidation happening now which was expected after the sharp rally that started earlier this...

CoinMarketCap

Looks like the bulls have finally managed to take control after a long sideways battle. In our previous analysis posted on CoinMarketCap Alexandria, we expected the price to continue the rally after breaking above the $17,700 level. We had anticipated the price to test the resistance at $19,750, which was seen on Monday. BTC extended its gains to $21,660 before...

CoinMarketCap

It looks like the bulls have finally managed to take control after a long sideways battle. In our previous analysis posted on CoinMarketCap Alexandria, we expected the price to rally to $18,600 upon flipping the resistance at $17,700. The price rallied to $18,800 this week and broke the $18,800 mark for the first time after November. In the 4-hour chart, we can...

CoinMarketCap

This week, we will stick to the 4-hour time frame to analyze the price action in detail! After setting a new 52-week low earlier this month, LINK seems to have recovered significantly from the fall. It broke a very crucial support at $5.7, however, the bulls were quick to return to help push the price back above the demand zone. We can see strong momentum, and...

CoinMarketCap

This week, we will stick to the 4-hour time frame to analyze the price action in detail! The bears clearly have had a tight grip on the bulls for the past few weeks as seen in the chart above. ADA has been continuously hitting 52-week lows, the recent one being hit on Monday. Until we see the price reverse, it is risky to take a long position on ADA. Therefore,...

CoinMarketCap

This week, we will stick to the 4-hour time frame to analyze the price action in detail! It seems like a false bullish breakout was seen earlier this week following which a strong rally was witnessed. Seems like the price will soon approach the next resistance situated at $7.35. If the resistance is reclaimed by the bulls, traders can expect a strong rally in the...

CoinMarketCap

Looks like the bulls and bears are equally strong at the moment. In our previous analysis, we highlighted the $18,500 resistance level as a critical one that the price needed to reclaim in order to show signs of strength. It was unable to recapture the resistance, suggesting that the price is currently weak. In the 4-hour chart, we can see the price has been...

CoinMarketCap

In our previous analysis, we ascertained if the support at $7.5 is taken out, the price will test the last standing support at $6.2. At the time of writing, LINK is trading dangerously close to the support at $6.2, and it looks like a breakdown could be seen soon. If this support is broken, traders can expect the price to collapse to $5.2, which is the 52-week...

CoinMarketCap

After the deep sell-off seen last week, Bitcoin was unable to recover from the lows and has continued trading around $16,000. Our previous analysis marked the resistance at $18,500 as an important level that the price needed to reclaim in order to show signs of strength. However, it failed, indicating a major sign of weakness in the price at the moment. In the...

CoinMarketCap

This week, we will stick to the 4-hour time frame to analyze the price action in detail! Just like Bitcoin, ETH has not been able to recover significantly from the lows it hit last week. After the sell-off, it tried retracing back to the resistance at $1,280, however, the price was rejected which indicates that the bears are stronger than the bulls at the...

CoinMarketCap

Bitcoin broke all major supports on Wednesday after it fell by 15% to hit a new 52-week low at $15,600. This fall came after the collapse of FTX, the main trigger for the deep sell-off. Earlier this week, Bitcoin was trading at $21,500 before it fell to $15,600 in just two days. Although traders are rushing to buy this new low, it is important to confirm if there...

CoinMarketCap

A strong breakout can finally be seen in BTC after it broke the resistance at $20,000 on Wednesday! The long-awaited breakout was seen after multiple attempts, and it has now opened a new range for Bitcoin to trade in, with the upper barrier being at $21,800. Earlier this week, the SPX rallied strongly which helped Bitcoin break the long-standing resistance....

CoinMarketCap

This week, we will stick to the 4-hour time frame to analyze the price action in detail! Bitcoin has finally broken out of the stringent resistance at $20,000. The price of ETH had been ranging between $1,400 and $1,280. This zone was broken with a push that came when Bitcoin broke its resistance. This resulted in Ethereum trading over 5% higher on Wednesday and...

CoinMarketCap

Bitcoin was rejected by the resistance at $19,700. The bulls don’t appear powerful enough to rally. Any substantial movement in the crypto market does not appear likely unless there is a breakthrough on either side of the current range. Earlier this week, the SPX showed signs of a strong reversal which helped Bitcoin recover from the lows that it had formed at...

CoinMarketCap

For this week’s analysis, we will stick to the 4-hour time frame to analyze this week's price action in detail! With Bitcoin not being able to break out from the resistance at $20,000, ETH has also continued to trade sideways. The price of ETH has been ranging between $1,400 and $1,280. Given that it is now trading dangerously close to the support level of about...

CoinMarketCap

With global indices facing deep sell-offs, Bitcoin has found it hard to break the resistance at $20,000. The SPX was trading at its 52-week low on Wednesday, which has sparked fears that even Bitcoin may approach the 52-week low (at $17,600) soon. Should you expect a fall soon? In the chart above, we can clearly see that Bitcoin has been consolidating between...