Tag Archives: Levels

Ripple Price Analysis: XRP Trading Near Make-or-Break Levels

Ripple Price Analysis: XRP Accumulation, Bull Pressure Building Up

Ripple price stayed above the $0.3200 support level, with a positive bias against the US dollar. This week’s followed key bullish trend line is in place with support near $0.3250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the $0.3250 and $0.3220 support levels to avoid a downside break. On the upside, a break above the $0.3300 and $0.3345 resistance levels could spark a rally. Ripple price is consolidating above key supports against the US Dollar and bitcoin. […]

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Analyst: Bitcoin (BTC) RSI Signals That the Cryptocurrency is at Historically Oversold Levels

Analyst: Bitcoin (BTC) Likely to Climb Back Above $3,500 After Finding Support at $3,400

After dropping back to its recently established support level at $3,400 a couple days ago, Bitcoin (BTC) has been able to hold above this support level. Despite this, its failure to bounce signals that it doesn’t have any significant buying pressure at the moment and further losses may be necessary in order for it to surge. Now, one analyst claims that Bitcoin is currently resting at historically oversold price levels, which means that it may soon bounce. Despite this, the same analyst also said that a failure […]

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Bitcoin Daily Transactions Return to Bull Run Levels

Bitcoin Daily Transactions Return to Bull Run Levels

During the 2017 Bitcoin bull run and meteoric rise to its all-time high price of $20,000, hype and irrational exuberance created a bubble effect, that later popped and led to a the longest bear market on record. The resulting aftermath of the bubble effect has brought Bitcoin to new lows and the market into a state of depression and anger, with many claiming that crypto is dead, and have little to no use case driving its value. However, an argument can be made that Bitcoin is now […]

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Crypto Exchange Volumes Drop to Lowest Levels For Over a Year

Crypto Exchange Volumes Drop to Lowest Levels For Over a Year

As the crypto winter deepens with no sign of a recovery on the horizon contractions have been occurring across the industry. The two notable signs at the moment are shrinking exchange volumes and a drop in crypto related Twitter activity. Trade volumes across all of the major crypto exchanges have plummeted back to levels not seen since 2017. According to research by Diar, exchanges could be set to enter a new plateau as volatility dwindles and markets cool off. So far 2019 has been particularly quiet has […]

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Altcoins Plunge as Bitcoin and Crypto Markets Drop Below Recently Established Support Levels

Altcoins Plunge as Bitcoin and Crypto Markets Drop Below Recently Established Support Levels

Over the past couple of weeks, the crypto markets have experienced a persisting bout of sideways trading that didn’t allow for any major price action in the altcoin markets. Today, however, the typical crypto volatility returned in full force, sending most major altcoins and Bitcoin down significantly over the past 24-hour trading period. Today’s drop led most altcoins to break below their previously established support levels, which puts further losses in play in the near-term. Analysts: Ethereum Likely to Drop Further as Altcoins Sink Throughout the past […]

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Bitcoin Price Weekly Analysis: BTC Trading Near Make-or-Break Levels

BTC Volumes Shrink 22% From Jan 10

Bitcoin price is trading nicely above the $3,500 support area against the US Dollar. There is a major ascending channel formed with resistance at $3,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair needs to surpass the $3,650 and $3,720 resistance levels to gain bullish momentum in the near term. Bitcoin price made a few bullish breakout attempts, but it failed against the US Dollar. BTC/USD must stay above $3,500 and $3,480 to avoid a downside break in the coming days. […]

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