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Showing posts with the label support

Dogecoin Just Hit Its Final Support—Bulls Have One Last Shot

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XRP’s key price levels to watch after losing major support

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An analyst has identified XRP’s next key price levels to monitor as the asset struggles to reclaim the $2.50 resistance level following a breakdown from a key technical structure. Notably, XRP had been following a steady upward trend within an ascending channel. However, the price encountered strong resistance near $2.50, aligned with the 0.236 Fibonacci retracement level, which triggered a sharp rejection and subsequent sell-off, as observed by analyst Rocksorgate . In a May 24 TradingView post, the analyst suggested that XRP’s recent drop was likely a coordinated move to break below the 200-period exponential moving average (EMA), a vital dynamic support that typically signals trend direction. XRP price analysis chart. Source: TradingView Currently, XRP is hovering near the 0.5 Fibonacci retracement level at $2.35, a critical support area. If this level holds, it may lead to price stabilization. However, if it fails, the next support lies at the 0.618 ($2.29) and...

Bitcoin Next Leg Up Loading? Analyst Says BTC Could Trade Sideways For Two Weeks

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Bitcoin Faces Key Resistance After 10% Weekly Rally – Confirmation Or Rejection Next?

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Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line?

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Santa Rally Incoming? Top Crypto Trader Predicts Upside Bursts for Dogecoin, PEPE and One Solana-Based Altcoin

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A crypto strategist known as a “Master Trader” on the digital asset exchange Bybit believes three altcoins are gearing up for more rallies. Pseudonymous analyst Bluntz tells his 299,900 followers on the social media platform X that Dogecoin (DOGE) looks poised to witness fresh bursts to the upside after respecting support at around $0.36. “You didn’t get bored of DOGE and leave to go chase the newest shiny thing did you? Things are about to get fun again, in my opinion.” Source: Bluntz/X At time of writing, DOGE is trading for $0.432, a 3.45% increase in the past 24 hours. Turning to fellow memecoin Pepe (PEPE), Bluntz believes that the altcoin is back to bullish mode after breaching its diagonal resistance. “PEPE downtrend memeline officially broken.” Source: Bluntz/X At time of writing, PEPE is worth $0.0000209, a 2.7% surge in the past day. As for the native asset of the Solana (SOL)-based decentralized exchange...