BINANCE:DOTUSDT Polkadot bounced off the moving averages on July 10, indicating a shift in sentiment from selling on rallies to buying on dips. The bulls will aim to push the price towards the overhead resistance at $5.64, while the bears will attempt to halt the recovery. The 20-day EMA ($5.11) is relatively flat, but the RSI above 52 indicates a slight...
BINANCE:MATICUSDT Polygon surged above the overhead resistance of $0.73 on July 10, completing a bullish ascending triangle pattern. While the bulls have managed to keep the price above the breakout level, they are facing strong resistance from the bears at higher levels. If the bulls can sustain the price above $0.72, the MATIC/USDT pair may embark on a new...
BINANCE:LTCUSDT The long tail on Litecoin's July 10 candlestick indicates that the bulls aggressively bought the dip below the 20-day EMA ($95). To signal the beginning of a sustained recovery, buyers will need to overcome the barrier at the psychological level of $100. Subsequently, the LTC/USDT pair could advance to $106 and then aim for the overhead...
BINANCE:SOLUSDT Resistance at $22.30 is being encountered by Solana, but a positive sign is that the bulls have not given up significant ground. This indicates that buyers anticipate the continuation of the rally. The upward-sloping 20-day EMA ($19.73) and the overbought RSI signal the dominance of the bulls. A breakthrough and close above $22.50 could...
BINANCE:DOGEUSDT Dogecoin is facing challenges in surpassing the 20-day EMA ($0.07), but a positive aspect is that the bulls have not relinquished their position to the bears. With the 20-day EMA flattening and the RSI just below the midpoint, it suggests a period of range-bound trading between $0.06 and $0.07. If the bulls manage to propel the price above the...
BINANCE:ADAUSDT Cardano displayed a rise above the 20-day EMA ($0.29) on July 11, indicating that the bulls are stepping in at lower levels. With the 20-day EMA remaining flat and the RSI near the midpoint, there appears to be a balance between supply and demand. If the bulls can push the price above the 50-day SMA ($0.31), the advantage may shift in their...
BINANCE:XRPUSDT On July 10, the bulls attempted to push XRP above the 20-day EMA ($0.48), but the bears managed to maintain their control. le Labs achieved a favorable outcome in the United States District Court in the Southern District of New York on July 13. Judge Analisa Torres ruled in favor of the company in a case filed by the Securities and Exchange...
BINANCE:BNBUSDT The recent price action of BNB has formed a symmetrical triangle pattern, reflecting a state of indecision between bulls and bears. Typically, a symmetrical triangle acts as a continuation pattern, but it can also potentially signal a reversal. If buyers manage to propel and sustain the price above the triangle, it would suggest a possible...
BINANCE:ETHUSDT Ether demonstrated resilience on July 10 as it once again rebounded off the 50-day SMA ($1,843), indicating the bulls' strong defense of this level. The price turned upwards and closed above the 20-day EMA ($1,874), signaling the bulls' attempts to regain control. If buyers can push the price above $1,906, the ETH/USDT pair may attempt a rally...
BINANCE:BTCUSDT On July 10, Bitcoin experienced a rejection from the resistance level at $31,000. However, a positive aspect is that the bulls successfully defended the 20-day exponential moving average (EMA) at $30,012. The upward slope of the 20-day EMA and the presence of the relative strength index (RSI) in positive territory indicate a favorable outlook...
BINANCE:DOTUSDT Polkadot exhibited a rebound from the strong support at $4.22 on June 10, indicating the bulls' attempt to halt the decline. The ongoing relief rally could reach the 20-day EMA ($4.98), where aggressive selling pressure from the bears is anticipated. If the price turns downward from this level, the DOT/USDT pair may retest the support at $4.22,...
BINANCE:LTCUSDT Litecoin encountered selling pressure as it turned down from the moving averages and broke below the support line of a symmetrical triangle pattern on June 10. This decline signaled the bears overpowering the bulls. Although the LTC/USDT pair is attempting a bounce from the horizontal support at $75, the inability of the bulls to push the price...
BINANCE:MATICUSDT On June 10, Polygon experienced a sharp decline, breaking below the support level at $0.69 and reaching the psychologically significant level of $0.50. The bulls stepped in and initiated a recovery, but they are likely to face strong resistance at the breakdown level of $0.69. A reversal from this level would suggest that the bears have turned...
BINANCE:SOLUSDT The crucial support level at $15.28 has become a battleground for the bulls and bears in the case of Solana. The bulls are facing challenges in maintaining the price above $15.28, but they can find some consolation in preventing the SOL/USDT pair from staying below $15. The oversold levels on the RSI indicate the possibility of a relief rally,...
BINANCE:DOGEUSDT Since June 11, Dogecoin has managed to sustain above the $0.06 level. However, the bulls have been unable to initiate a significant bounce, which is a minor negative. If the failure to surpass the 20-day EMA ($0.07) continues, it could lead to further selling pressure from the bears. In the event that the $0.06 support level is breached, the...
BINANCE:ADAUSDT Cardano's recovery came to a halt near the breakdown level of $0.30, indicating that bears are fiercely defending this level. If the bulls fail to push the price above $0.30, the ADA/USDT pair may turn downwards and slide towards the support at $0.24. A strong rebound from this level could keep the pair range-bound between $0.24 and $0.30 for a...
BINANCE:XRPUSDT Despite buyers pushing XRP above the resistance level at $0.56 on June 13, they were unable to maintain those higher levels. The XRP/USDT pair experienced a sharp decline, resulting in a long wick on the candlestick. Bears are now attempting to further solidify their position by pulling the price below the 20-day EMA ($0.50). If this level is...
BINANCE:BNBUSDT Once again, BNB found support at the robust level of $220 on June 12, highlighting the bulls' aggressive defense of this level. The recovery that followed is expected to encounter strong resistance at the 38.2% Fibonacci retracement level of $252, as well as the breakdown level of $265. A reversal from either of these levels would indicate that...