TheCryptoCity

TheCryptoCity

The DOGE/USDT pair is now in a bearish trend, with price action forming a descending triangle pattern on the daily chart. This pattern is identified by the construction of lower highs, showing a consistent loss of bullish momentum, and a horizontal support zone also maintains the price. The upper boundary of this triangle is marked by a descending trendline, which...

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Avalanche (AVAX) Analysis Avalanche (AVAX) has been gradually recovering after a significant drop that saw the price decline from the $31.89 level down to a low of $17.29. Recently, AVAX has been trading on a support zone (Yellow) at $20.69 - $23.04, indicating some consolidation as it attempts to regain bullish momentum. Currently, AVAX is hovering around the...

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Theta Token (THETA) has been recovering after a substantial decline, where the price fell from the $3.820 level down to a low of $0.886. THETA is trading for approximately 168 days under the trendline. Currently in a bearish trend. Recently THETA has been rejected from the trendline and resistance level at $1.417.If THETA can break above this trendline and the...

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The price of ADA pulled back from $0.3940 and testing the support zone (Red) at $0.3524 - $0.3616. If this red support zone holds, the price could bounce from here, and then the targets are the next resistance level at $0.3940 and the next resistance zone (Green) at $0.4177 - $0.4286. If the price breaks down the support zone (Red), we might see it move to the...

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The ARPA is currently in a well-defined downtrend, as indicated by the descending channel that has been guiding the price downward since early March. Currently, the price is consolidating on the support zone (Green) at $0.03499 - $0.03596, after a pull back from the $0.04539 level. If the price breaks below this support zone (Green) at $0.03499 - $0.03596, it...

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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...

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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...

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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...

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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...

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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...

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Now, the market can consolidate inside the channel and then dump to a lower level

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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...

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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...

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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...

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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...

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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

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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

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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...