Tag: Analysis
BTC Price Analysis: Can Bears Push Bitcoin Below $60,000 Soon?
Bitcoin’s price has yet to recover above the key 200-day moving average, and if things remain the same, it is seemingly bound to drop to lower levels. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has recently rebounded from the $60K support level following the breakdown below $64K […]
Which Cryptocurrencies Have the Highest Number of Daily Active Addresses?
Solana has the highest number of daily active addresses among the top ten cryptocurrencies in the industry.
BTC Price Analysis: Is Bitcoin Targeting $70K in the Short Term?
Bitcoin’s price has broken post a key level recently and is seemingly targeting a new all-time high in the short term. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has finally broken above the $64K level and the 200-day moving average, which is located around the same mark. […]
Ripple Price Analysis: The Reason XRP Exploded 5% Today
Ripple has yet to begin a significant rally since last year, with the market mostly consolidating over the past few months. However, the recent price action is offering some clues and potential insights as to what the future may hold for XRP. XRP Price Analysis By TradingRage The USDT Paired Chart The price has been […]
Bitcoin Price Analysis: BTC Dips to $58K in Anticipation of This Week’s Fed Rate Decision
Bitcoin’s price is still consolidating around the $60K level. Yet, an impulsive move might begin soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, it is evident that the price has yet to climb back and recover definitively above the $60K level after its rapid rejection and drop from the […]
Ethereum Price Analysis: ETH Tumbles 4% Daily as Bears Regain Control, $2K Next?
Ethereum remains in a downward trend, with price action showing insufficient bullish momentum for a reversal. In the near term, the cryptocurrency is likely to enter a consolidation phase within a critical range, with mild bearish retracements seeming far more likely. Technical Analysis By Shayan The Daily Chart On the daily chart, Ethereum has been […]
Ripple Price Analysis: After Finding Strong Support, Is $0.64 Next for XRP?
Ripple has found strong support within a critical price range, defined by the 100-day and 200-day moving averages, experiencing a significant bullish rebound. However, the asset is anticipated to continue rising toward the key resistance level at $0.64, where selling pressure may temporarily slow the upward momentum. XRP Analysis By Shayan The Daily Chart An […]
Ethereum Price Analysis: Critical Technical Warning Flashes for ETH as $2.1K Seems Imminent
Ethereum has been notably bearish, marked by a sharp decline following a pullback to the lower boundary of a broken wedge, coupled with the formation of a death cross. Despite this, the price is nearing a crucial support level that could lead to a short-term sideways consolidation. Technical Analysis By Shayan The Daily Chart Ethereum […]
ETH Price Analysis: Is Ethereum on the Verge of Another Crash Below $2.5K?
Ethereum has entered a consolidation correction phase, retracing back toward the broken lower boundary of the multi-month wedge. This movement suggests a potential pullback to the previously breached level, indicating a likely continuation of the bearish trend in the upcoming days. Technical Analysis By Shayan The Daily Chart A closer examination of Ethereum’s daily chart […]
BitGo Moves $2 Billion Of Mt. Gox Bitcoin
The fifth and final exchange supporting the Mt. Gox bankruptcy is moving its coins connected to the defunct trading platform
