Tag Archives: Technical analysis

Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead

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After hitting a low of nearly $76,000 on March 10, Bitcoin (BTC) has finally broken its daily Relative Strength Index (RSI) downtrend, now trading in the high $80,000s at the time of writing. However, crypto analyst Ali Martinez warns that strong resistance may lie ahead. Bitcoin Finally Breaks Daily RSI Downtrend In a recent X… Continue reading Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead→

Solana (SOL) Gains Capped—Breaking $150 Won’t Be Easy

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Solana started a recovery wave above the $132 resistance zone. SOL price is now consolidating and might struggle to recover above the $150 resistance. SOL price started a recovery wave from the $125 support zone against the US Dollar. The price is now trading above $130 and the 100-hourly simple moving average. There is a… Continue reading Solana (SOL) Gains Capped—Breaking $150 Won’t Be Easy→

Bitcoin Could Hit $112,000, But Only If It Holds Above This Key Level – Analyst Explains

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In an X post published yesterday, seasoned crypto analyst Ali Martinez highlighted that, based on price band analysis, Bitcoin (BTC) could surge to $112,000 if it breaks and holds above a key level. Analyst Outlines Key Bitcoin Level Following a slight uptick after the US Federal Reserve’s (Fed) announcement to slow the pace of its… Continue reading Bitcoin Could Hit $112,000, But Only If It Holds Above This Key Level – Analyst Explains→

Historical Pattern From 2020 Hints Ethereum Could Be Poised For A Parabolic Rally, Analysts Explain

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According to an X post by crypto analyst Mister Crypto, Ethereum (ETH) could be on the verge of a massive rally. The analyst highlighted similarities between the current ETH price action and that of 2020, following the COVID market crash. Ethereum On The Cusp Of Trend Reversal? Ethereum’s subdued price action may soon come to… Continue reading Historical Pattern From 2020 Hints Ethereum Could Be Poised For A Parabolic Rally, Analysts Explain→

Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says

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In an X post published yesterday, crypto analyst Matthew Hyland highlighted that according to the weekly timeframe chart, Bitcoin (BTC) is likely to test the support level between $69,000 to $74,000 in the coming months.  Is The Bitcoin Bottom In? Hyland noted that BTC’s weekly resistance level currently hovers around the $90,500 level. The analyst… Continue reading Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says→

Solana (SOL) Faces Many Challenges—Can Bulls Hold the Line?

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Solana started a recovery wave above the $120 resistance zone. SOL price is now consolidating and might struggle to recover above the $132 resistance. SOL price started a fresh decline below the $150 and $140 levels against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is… Continue reading Solana (SOL) Faces Many Challenges—Can Bulls Hold the Line?→

Ethereum Holds Strong For Over A Year: Monthly Close Below This Level Could Be Catastrophic

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Ethereum has struggled to gain momentum, remaining stuck below critical resistance for over a year. Despite multiple attempts, the second-largest cryptocurrency by market capitalization has been unable to break through key technical levels since the beginning of this year.  Ethereum’s price action over the past two weeks has shown more weakness. An interesting analysis from… Continue reading Ethereum Holds Strong For Over A Year: Monthly Close Below This Level Could Be Catastrophic→

Bitcoin Price Forecast: LTF Head And Shoulders Pattern Predicts Crash – Here’s The Target

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Tony Severino, a prominent crypto analyst, has shared a new Bitcoin price forecast, suggesting that the pioneer cryptocurrency is on the verge of another major correction. The analyst suggested that the formation of a Lower Time Frame (LTF) Head and Shoulders pattern on the Bitcoin price chart is a potential confirmation of a crash to… Continue reading Bitcoin Price Forecast: LTF Head And Shoulders Pattern Predicts Crash – Here’s The Target→

Solana (SOL) Struggles to Rebound—Key Hurdles Blocking Recovery

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Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses and might struggle to recover above the $145 resistance. SOL price started a fresh decline below the $165 and $150 levels against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was… Continue reading Solana (SOL) Struggles to Rebound—Key Hurdles Blocking Recovery→

Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details

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Ethereum (ETH), the second-largest cryptocurrency by market cap, is flashing multiple bullish signals that suggest a potential upside move. However, rising exchange reserves are tempering this optimism. Has Ethereum Formed A Local Bottom? Ethereum has dropped nearly 20% over the past two weeks, falling from approximately $2,805 on February 23 to just above $2,200 at… Continue reading Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details→