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Category: Price analysis

Ethereum Price Forecast: ETH prints bullish pattern, preparing for colossal upswing past $4,000

Ethereum has been steady since the weekend breakdown from levels above $4,000 to $3,100. Over the last 24 hours, the price action remained sluggish, but bulls seem to have resorted to playing defense and ensure that losses do not extend under $3,000. At the time of writing, Ether trades at $3,390 amid a gradually building

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Bitcoin Price Forecast: BTC dumps to $42,000, but Tom Lee makes a massive $125,000 prediction

The instability in the cryptocurrency market last week continued throughout the weekend. A brief break above $50,000 was unsustainable, leading to another breakdown. Moreover, support at $46,000 did little to stop the massive losses; hence BTC dived near $42,000, a three-month low. Elon Musk blamed for crashing Bitcoin The founder is Tesla, Elon Musk has

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Bitcoin Price Analysis: BTC Breaks Long Term Trend As Tesla Ditches It

Bitcoin has broken out of a long 3 month range of $10,000. After Elon Musk announced Tesla will no longer be accepting BTC due to environmental reasons, BTC broke its major support of $55,000 and quickly fell over 15%. BTC is now is now in scary waters.  While looking at the chart, BTC has broken

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DOGE Price Analysis: DOGE Breaks Out Of Bull Flag As Alt-coins Continue Rallying

DOGE coin has been through a wild ride in 2021. Elon Musk has been the biggest influence of the price of Doge as his words have both helped and hurt the Doge. Doge had recently experienced a 50% correction but bulls quickly bought up DOGE as it bounced off its ascending channel it has followed

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Bitcoin price shows weakness at $50,000, but this crucial technical formation could elevate it to $60,000

Bitcoin has since Wednesday stalled under around $50,000. On the downside, immense support between $46,000 and $47,000 has ensured the bearish leg does not stretch further. Meanwhile, BTC has been pivotal at $50,000, unable to make progress above this critical level. Bitcoin’s consolidation could culminate in a massive upswing Since the breakdown on Wednesday, the

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Ethereum price secures key support, but recovery to $4,400 will be a daunting task

Ethereum’s sharp drop from historical highs of $4,400 did not find support above $4,000. The high gravitational force saw Ether explore lower price levels before embracing an anchor at $3,500. This support became crucial to the smart contract token by preventing losses from extending to $3,000. Similarly, buyers shifted their attention from $3,500 to levels

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MATIC Price Analysis: MATIC Retraces From ATH as Crypto Sells Off

MATIC has had an awesome last month as price rose over 300%. MATIC hit an ATH of $1.22 but shortly after fell as the entire market took a hit. MATIC has risen drastically and now may be the time to be concerned of large potential retracement.  The large bold trends represent a broadening wedge that

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Ripple price firmly holds crucial support shaking off Bitcoin-triggered selloff

Ripple once again lost steam during an approach to $1.6. A correction began on Wednesday as bears put pressure on the support areas at $1.5 and $1.4, respectively. The news that Tesla had suspended Bitcoin payments for its electric vehicles sent the market in bloodshed led by BTC’s drop under $50,000. Ripple could resume uptrend

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Bitcoin Price Analysis: Tesla’s unforeseen rejection of BTC payments triggers sharp freefall

Tesla, the largest manufacturer of electric vehicles, has announced that it will no longer accept payments in BTC, citing environmental issues related to the high cost of mining and processing Bitcoin transactions. The news was relayed by Elon Musk, the founder and CEO of the company, saying that purchases using the flagship cryptocurrency had been

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Ethereum price imminent rise to $5,000 could trigger the altcoin season

Ethereum is flying the bullish flag above the horizon in the cryptocurrency space. Data by CoinGecko show that Ether has incurred double-digit gains barely a day after reclaiming support at $4,000. The flagship smart contract token has attracted $64 billion in trading volume over the last 24 hours, $2 billion above Bitcoin’s. Ethereum hits another

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Ripple Price Prediction: XRP selling slows down while buyers make a comeback

Ripple appears to have renewed the uptrend following the flash drop from $1.6 to $1.2. Overhead pressure seems to be diminishing as bulls take control. Several hurdles have already been overcome, whereby XRP currently trades at $1.52. Ripple’s slightest resistance path is upward The cross-border money transfer token is immediately supported by the 100 Simple

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Bitcoin Price Prediction: BTC could revisit $50,000 as the technical picture weakens

Bitcoin has recently closed the gap toward $60,000. However, a monthly high formed at $59,612 cut short the bullish advances. Perhaps due to exhaustion in the bullish camp, a correction came to the picture. The retreat occurred in tandem with other crypto assets like Ethereum’s drop from $4,216 to under $3,800. Meanwhile, the cryptocurrency market

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Ethereum Price Forecast: ETH causes mayhem amid sharp drop under $4,000

Ethereum surprised many in the cryptocurrency market when it rallied above $4,000. It was song and dance for investors who have been patient with the pioneer smart contract token. An all-time high was formed at $4,216, allowing bulls to shift the focus to $5,000. However, the bullish momentum began fizzling out, leaving ETH with few

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DOGE Price Anlysis: DOGE Falls 40% from ATH as Elon Musk Appears On SNL, $1?

Doge coin has done the impossible this year as prices rose nearly 15,000%. Many meme fanatics anticipated the Saturday Night Live show to push doge to 1$, but the opposite happened. Doge fell hard during the show as it concluded to be a “sell the news” event.  During the fall last night, DOGE managed to

The post DOGE Price Anlysis: DOGE Falls 40% from ATH as Elon Musk Appears On SNL, $1? appeared first on Coingape.

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XRP Price Analysis: XRP Consolidates Within Triangle Awaiting a Bullish Breakout

After an explosive move to $1.95, XRP has been consolidating within a triangle formation. XRP investors are awaiting a decision in the pending SEC lawsuit as gains have been small compared to large cap coin Ethereum. IF price can break out of this triangle, more gains might be coming. During the last few days XRP

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Bitcoin Price Analysis: BTC to reclaim $60,000 as liftoff to $65,000 catches momentum

Bitcoin has over the weekend session brushed shoulders with $60,000. The uptrend occurred alongside crypto assets like Ethereum, which stepped above $4,000 for the first time in history. At the time of writing, the flagship cryptocurrency trades at $59,500 following an ongoing upswing from the support at $56,000. Bitcoin draws nigh to $60,000 Last week

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WAVES Price Analysis: Waves Rides Wave to ATH But Hits Month Long Trend

Waves has had an amazing year rising nearly 5000% in 12 months. The altcoin market has been exploding recently with no end in sight. Although, this may be cooling off as WAVES hit a near 45 day top trend line. The price of waves has formed a broadening wedge the last month and a half

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Dogecoin Price Forecast: DOGE holds onto $0.5 key support; how soon will the uptrend to $1 resume?

Dogecoin recently achieved the wish of April’s failed “Doge day” as users and speculators pumped the price to $0.7. The primary mission was to pull DOGE above $1. However, it appears that profit-taking took precedence, adding weight to the overhead pressure. A retreat came into the picture with Dogecoin diving under $0.6. Support seems to

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Bitcoin Price Analysis: BTC treading on shaky ground as hope for $60,000 diminishes

Bitcoin shot up from support established at $53,000. The approached to $60,000 was gradual but steady. Bulls took down several resistance levels, including the 100 Simple Moving Average (SMA), the 50 SMA, and the 200 SMA. However, an immense seller congestion zone at $58,000 became a hard nut to crack. According to data by CoinGecko,

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Vulcan Forged (PYR) Price Analysis: PYR Eyes Higher As Price Bounces Off Major Support

Vulcan Forged (PYR) has printed a strong return for only being traded for about a month. Price has been consolidating, awaiting the next bullish push. PYR is part of the Dapp and NFT market and is a great solution for the hot topic. Alt season is in full stride and PYR shows much more potential

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