Tag Archives: Consolidation

Crypto Market Wrap: Consolidation Continues as Weekend Begins

Crypto Market Wrap: Consolidation Continues as Weekend Begins

Crypto markets are motionless today, Stellar and BNB making minor gains, Iota and Maker receding. Movement on crypto markets has been minimal all week and nothing has changed as we begin the weekend. The majority of crypto assets have done nothing since yesterday and total market capitalization is still holding just above $120 billion. Bitcoin dropped to an intraday low of $3,575 before testing resistance at $3,600 again. It is flat on the day and still cannot push through this level. Since last Saturday‚Äôs mini rally Bitcoin […]

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Ethereum Price Analysis: ETH Could Extend Consolidation Above $114

Ethereum Price Weekly Analysis: ETH Facing Uphill Task Near $128

ETH price remained in a range and consolidated above the $114 and $116 supports against the US Dollar. There was a break below a short term contracting triangle with support at $119 on the hourly chart of ETH/USD (data feed via Kraken). The pair might continue to consolidate and it could even test the $114 support area in the near term. Ethereum price is showing signs of extended consolidation against the US Dollar and bitcoin. ETH/USD could decline towards the $114 support before the next upward move. […]

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Crypto Market Wrap: Consolidation Continues, Is a Breakout Imminent?

Crypto Market Wrap: Consolidation Continues as Weekend Begins

Crypto consolidation continues; Litecoin still inching up, NEO making progress, everything else is flat. Crypto markets are looking a little erratic as we enter the weekend but in the grand scheme of things nothing has changed over the past seven days. Total market cap has crept up marginally but most tokens are still consolidating within their slim boundaries. Bitcoin has bounced of intraday resistance levels of $3,640 twice but is still holding above major support at $3,600. Lower highs have been made all week indicating that BTC […]

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