StevenWalgenbach

StevenWalgenbach

Over the last 48 hours, the Ethereum price experienced a decline, exiting a previously positive price trajectory and revisiting the support level at $2,440. Despite bears' efforts to push ETH below this threshold, they failed to sustain a 4-hour candle closure beneath it. Subsequently, bulls have rallied in support of altcoin, as indicated by the wicks under the...

StevenWalgenbach

BYBIT:BONKUSDT entered into a strong bullish move on Jan. 8 after it rebounded off of the $0.0000088550 support level. This led to BONK breaking above the $0.0000128480 resistance level and attempting to overcome the $0.0000192765 barrier as well. However, traders took profit, stopping BONK in its tracks as a result. The BONK price then retraced to the...

StevenWalgenbach

BINANCE:SOLUSDT was able to break above a medium-term negative trend line over the past 24 hours. A positive price channel has also formed on SOL’s 4-hour chart after the altcoin printed a series of higher highs and higher lows over the past couple of days. Currently, the Solana price is looking to establish a solid foundation above the $100 mark. Should it...

StevenWalgenbach

BINANCE:ETHUSDT printed a new higher low over the past 24 hours. This was after it retested the lower boundary of a medium-term price channel that has formed on its charts in the last couple of days. The previous time ETH rebounded from this level was on Jan. 9, and was followed by a strong bullish move. However, the latest retest of the price channel’s lower...

StevenWalgenbach

BINANCE:SUIUSDT is attempting to break above a short-term negative trend line on its 4-hour chart. However, bears are exerting a lot of sell pressure on the altcoin, as evident by the wick present on the current 4-hour candle. As a result, SUI is resting on the key support level at $1.2270. Should the SUI price manage to break above this trend line, it could...

StevenWalgenbach

Bitcoin's price is currently on an upward trend. In the last 24 hours, it has shown a pattern of increasing highs and lows, indicating a bullish phase. Bitcoin might soon test the upper limit of the Bollinger Bands indicator, around $43,348.02. If it surpasses this level, it could aim for the $44,440 resistance mark within the next day. A sustained rise above this...

StevenWalgenbach

BINANCE:XRPUSDT dropped below a positive trend line that had formed on its charts over the past few days. As a result, the remittance token retraced to the middle level of the Bollinger Bands (BBANDS) indicator on its 4-hour chart, which is situated at $0.5764. This is the altcoin’s last line of defense from a strong drop, as the Ripple price breaking below this...

StevenWalgenbach

The Memecoin price was able to break above a medium-term bearish trend line over the past couple of days, and is still trading above this line. After escaping this negative trend, MEME then went on to break above the $0.028125 resistance level as well. Currently, the altcoin is trading within a consolidation channel. However, the Memecoin price is also resting...

StevenWalgenbach

BINANCE:LUNCUSDT was able to break out of a medium-term negative trend and has entered into a consolidation channel over the past week. As the heavy sell pressure on the altcoin seems to be taking a break, bulls could soon begin to scoop up LUNC. This may then boost the Luna Classic price to the closest resistance level at $0.00014915 in the upcoming days....

StevenWalgenbach

BYBIT:BONKUSDT was able to escape the medium-term negative trend that it was trapped in over the past few weeks. Following its break out of a descending triangle pattern, BONK attempted to challenge the strong resistance level at $0.0000192765. However, sellers were quick to exert sell pressure on the meme coin, which caused it to pull back slightly in the past...

StevenWalgenbach

BINANCE:BTCUSDT plummeted below a medium-term positive trend line that formed on its charts over the past couple of weeks. As a result, the market leader was resting on the key support level at $42,450 at press time. The cryptocurrency’s price does seem to have rebounded off of the significant mark. Should bulls identify BTC’s current price as a buy opportunity,...

StevenWalgenbach

The Ripple price is testing a key support level at $0.5915 after it entered into a bearish trend in the past 24 hours. Despite this pullback, there was still a positive medium-term trend line present on XRP’s charts. Should the Ripple price break below the $0.5915 support, it may retest the positive trend line in the following couple of days. Dropping below the...

StevenWalgenbach

The Cardano price was able to break above a medium-term falling wedge that had formed on its charts over the past couple of weeks. This led to the altcoin overcoming the $0.5380 and the $0.5830 resistance levels. In the last 24 hours, however, ADA has fallen below the $0.5830 mark. This recent pullback has resulted in the formation of a symmetrical triangle...

StevenWalgenbach

A symmetrical triangle has formed on the 4-hour chart for LUNC. This specific chart pattern suggests that the Luna Classic price may breakout in the next few hours. Should this move be towards the upside, the crypto’s value may attempt a challenge at the strong resistance level at $0.00014915. A break above this threshold could then give the Luna Classic price the...

StevenWalgenbach

BINANCE:ETHUSDT is currently advancing towards the $2,440 resistance level. Should it succeed in closing a daily candle above this mark, it could lay the groundwork for a potential rise to $2,685 in the upcoming days. Conversely, if ETH faces rejection at the $2,440 resistance level or dips below the $2,295 support, this bullish narrative might be negated. In...

StevenWalgenbach

BINANCE:ARBUSDT retested the $1.6740 support level twice in the last 3 days. Despite breaching the level during these retests, bulls were able to prevent the altcoin from closing a daily candle below this mark. Looking at the past 24 hours, ARB has entered into a bullish move, and looks to add to the positive trend that it has been in throughout the last couple...

StevenWalgenbach

The Bonk price was in a negative trend over the past couple of weeks. During this time, a bearish trend line formed on the meme coin’s daily chart, as it printed a series of lower highs. However, the crypto now seems to be attempting to overcome the negative trend. Throughout the past day of trading, the Bonk price was able to break above the bearish trend line...

StevenWalgenbach

The Internet Computer price managed to recover after it dropped below the key $11.980 support level during yesterday’s trading session. As a result, the altcoin recorded a second higher low. It was also trading above this significant price point at press time. Should it close today’s trading session above $11.980, it may continue rising to the subsequent barrier...