The price of the DENT is in a downtrend, characterized by a series of lower highs and lower lows within a well-defined descending channel. This pattern has been in play since March 2024, indicating sustained bearish pressure on the asset. The price has repeatedly attempted to break out of this channel but has consistently been met with selling pressure, driving it...
The price of EOS in a downtrend, a descending channel (RED) that has been consistently pushing prices lower since April 2024. This descending channel, marked in Red lines on the chart, serves as a dynamic resistance level, with the price making multiple attempts to break above it, but each time facing rejection. As the price approaches this descending channel...
The EGLD daily chart presents a clear picture of a market in a downtrend, a descending trendline (Black) that has been consistently pushing prices lower since March 2024. This trendline, marked in red on the chart, serves as a dynamic resistance level, with the price making multiple attempts to break above it, but each time facing rejection. As the price...
Algorand (ALGO) Analysis Algorand (ALGO) has shown signs of recovery after a significant decline that saw its price drop from the $0.3199 level down to a low of $0.0938. Recently, ALGO has been trading within a narrow range, indicating some consolidation as it attempts to regain bullish momentum. Currently, ALGO is hovering around the $0.1353 mark, just above...
Dogecoin (DOGE) Analysis Dogecoin (DOGE) has been consolidating after a significant decline from the $0.14373 level down to a low of $0.08019. The price is currently hovering around the $0.10587 mark, just below the resistance zone (Green) at $0.10800 - $0.11099, with the downward trendline still intact. The price is trading under the descending trend line for...
Now, the market can consolidate inside the channel and then dump to a lower level
BLZ is in a bearish trend and moving in a falling wedge for approximately 125 days. The support zone (Yellow) at $0.1080 - $0.1241 is holding the price. If this zone failed to hold the price we could see more decline in the price. After the breakout from the trend line, we could see some bullish moves. If the momentum continues we could see the price to the next...
XLM is in a bearish trend trading under the trend line for approximately 158 days. After rejection from the trend line and the resistance zone (Green) at $0.1009 - $0.1031 is moving towards the support level of $0.0917. If the support level fails to hold the price it could move towards the next support zone (Pink) at $0.0822 - $0.0833.The last support zone...
STX is currently in a bearish trend and has been moving within a descending channel for approximately 157 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel. At the moment, the price is positioned near a critical juncture where it could potentially break out of this descending channel, signaling a...
DASH is currently in a bearish trend and has been moving under a trend line for approximately 157 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel. Currently, the price is consolidating on the support zone Green. For a bullish move, the price of DASH must break above the trend line. This...
NEAR is currently in a bearish trend and has been moving under a trend line for approximately 23 days. After the breakout of the trend line, we will see bullish moves Everything is on the chart
LRC is currently in a bearish trend and has been moving within a descending channel for approximately 154 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel. Everything is on the chart
CELO is currently in a bearish trend and has been moving within a descending channel for approximately 141 days. The chart clearly shows the price making lower highs and lower lows, respecting the boundaries of this channel. At the moment, the price is positioned near a critical juncture where it could potentially break out of this descending channel, signaling a...
The price of Bitcoin is moving in a broadening wedge pattern. Recently we saw a flash dump in the market after the unexpected CPI data figures. After this dump, the market is in fear. But this is a good time for accumulation. We have to focus on buying these kinds of dips. Historically we saw the same price pattern in the 2020 COVID-19 crash. BlackRock didn't...
ATOM hits the new lows since 2022.The price is moving inside the descending channel from approximately 156 days. Currently the price is on the support zone (Green) at $4.331 - $4.664 and résistance of descending channel middle line. There are two scenario's Bullish Scenario If the price break above the resistance zone (Blue) at $6.049 - $6.590 and the...
RNDR is moving inside the descending channel and bounced from the support zone (Blue) at $2.866 - $3.272. Currently the price finds the support at $4.245 level and resistance at the middle line of descending channel. If the price breaks above the descending channel and the resistance zone (Green) at $5.747 - $6.038 with high volume. If the price fails to holed...
The price of FET is moving in a descending channel and has recently bounced from the channel support and support zone (Green) at $0.784 - $0.830. If the price break above from the descending channel middle line and $1.159 level. If the price did not holds the support zone (Green) and the descending channel support we might see the price to the next support zone...
ZRX 4 Hour Time frame The ZRX is currently in a downtrend, with the price making lower highs and lower lows. The price has been trading under the descending trendline (Red) for approximately 78 days. This trend line on the chart shows the bearish trend. The current price is $0.3030, and it is nearing an important support zone (Green) between $0.2656 and...