BNB price recently faced a challenge as it struggled near the $615 resistance level. This led to a bearish reaction, causing the price to dip below the $600 support zone. The downward movement was in line with similar movements in Ethereum and Bitcoin. Moreover, the price tested the $585 support zone and traded as low
Analysis
XRP price has been facing significant challenges in the crypto market, with losses extending below the crucial $0.5220 support zone. The price dipped to test the $0.5120 support level and is now making efforts towards another recovery wave aiming for $0.550. However, the journey towards an upward trend is proving to be quite challenging for
In recent trading sessions, Ethereum faced a significant decline in its price, testing the crucial $3,720 support level. Following this decline, ETH is now in a consolidation phase, encountering multiple obstacles around the $3,800 mark. This downward movement suggests a bearish sentiment in the market, similar to what Bitcoin has been experiencing. A new bearish
The recent movement in Dogecoin’s price saw a correction in gains as it tested the $0.1620 zone against the US Dollar. Despite forming a base, DOGE faced resistance near $0.1750, resulting in a downside correction similar to Bitcoin and Ethereum. This correction led to a drop below the $0.1650 support zone, with a low forming
The XRP price is currently facing a challenge in breaking above the $0.5350 resistance zone. Despite efforts by the bulls, the price is struggling to surpass this key barrier. Additionally, the price is trading below $0.5320 and the 100-hourly Simple Moving Average, signaling a lack of bullish momentum in the market. A key bearish trend
Bitcoin has recently experienced a decline below the $68,000 level, with the price slowly moving towards the $66,250 support zone. Despite attempts to recover, the price remains below $68,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $67,900 on the hourly chart of the BTC/USD
Ethereum’s price has been on a downward trend lately, falling below the $3,800 support level. As it approaches $3,720, investors are left wondering if a fresh increase is on the horizon. The failure to maintain stability above $3,880 has contributed to this decline, with the price currently trading below both this level and the 100-hourly
The XRP price has been lingering within a 7-year accumulation zone, sparking concerns among investors about its inability to break out. However, a glimmer of hope has emerged as crypto analyst Babenski suggests that the XRP price is on the verge of breaking out of this prolonged accumulation phase. This analysis has reignited optimism among