Tag: Price Analysis

ETH Price Analysis: Can $1000 Support Undermine Selling Momentum?

A constant rise in volume activity during the bearish reversal indicates momentum selling in the market. However, the falling price stalls near the $1000 psychological support zone, exhibiting the buyer’s aims to defend this level. Can this support prevent Ethereum (ETH) price from entering the three-digit price? Key points:  The ETH sellers tease a breakdown […]

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BTC Price Analysis: Technical Indicator hints Upcoming recovery for Bitcoin

This week’s V-top reversal has completely nullified the recent recovery rally, indicating the sellers still hold trend command. Moreover, the coin price retested the immediate support of $18700, teasing a bearish breakdown. So is Bitcoin (BTC) going for a new 2022 low? Key points:  The BTC/USDT daily chart shows seven consecutive red candle Bitcoin traders […]

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DOGE Price Analysis: Pullback Opportunity Eyes its Next Jump to $0.1

A recent pullback in Dogecoin(DOGE) price stalls at the shared support of $0.66 and Bollinger Band indicator’s midline. However, the price action hovering above this support for the past five days with the presence of long-tail rejection attached to the latest candle suggests a reversal possibility. is this a good buy? Key points: The DOGE […]

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Sandbox Price Analysis: Emerging Pattern May Soar SAND price by 20% 

The SAND price V-top reversal from the $1.27 resistance, questions the credibility of last week’s recovery rally. The downfall approaches the immediate support of $1, threatening another breakdown with a 19% loss possibility. But what if it doesn’t?  Key points:  A lower price rejection candle at $1 validates it as a strong support The SAND […]

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NEAR Price Analysis: Falling Prices Eye $3 Breakdown; Should Coin Holders Worry?

On June 26th, the Near Protocol (NEAR) price faced another reversal from the descending trendline of the falling channel pattern. The bear cycle represented in a series of consecutive red candles indicates aggressive selling in the market. Thus, the selling spear should bolster sellers to pierce the June bottom support of $3. Key points:  The […]

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Bitcoin Price Analysis- Higher Price Rejection Hints BTC to Retest $20000

Last week, the Bitcoin (BTC) price gave a weekly candle closing above the $20000 mark, while the long-tail rejection also accentuated demand pressure. Although the crypto market witnessed high volatility this week, the buyers managed to sustain above the mentioned level. However, the ongoing recovery facing strong supply pressure at $22800 foretells a minor pullback. […]

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SHIB Price Analysis: Overhead Supply Pressure Hints SHIB to Retest $0.00001

On June 21st, the Shiba Inu (SHIB) price knocked out a five-week-old descending trendline resistance with a long bullish candle. The breakout opportunity attracted more buyers amid the improving sentiment of broader markets and propelled the altcoin to $0.000116. Furthermore, in response to selling pressure near $0.000012, the coin price may witness a minor pullback […]

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