The bearish pressure across the market had not yet relinquished its grip. Bitcoin Cash and Ethereum Classic saw some of their recent gains wiped out quickly. Synthetix dropped to the $16 mark and could go further south. Bitcoin’s movement here on will have a major influence across the market, and a display of strength from […]
Litecoin and Synthetix traded between individual ascending channels, but a bullish broader market could delay the breakdowns over the coming sessions. When the breakdown does take place, LTC could dip towards $300, while SNX could do the same towards $18.4. Ethereum Classic showed a bearish divergence and was expected to stabilize at $40 or below […]
EOS can be expected to find strong support around the $6.8-zone. If Bitcoin stabilizes above the $60.5k-area, altcoins could have a chance of recovery in the coming days. Otherwise, it would be further selling pressure across the market. Synthetix and Maker posted gains over the past few days, but were likely to retrace a significant […]
Monero formed yet another symmetrical triangle and a breakout could go as high as $370. Synthetix needed to climb above $22.3 and $24.1 to make a recovery towards its late February levels. Finally, Maker did not look ready to climb above its $3,105-resistance just yet. Monero [XMR] Monero registered a strong upcycle after the price […]
Tron was expected to move lower from its ascending channel but only after the price touched $0.139. Tezos could break down from a descending triangle, while Synthetix did not seem likely to regain the $22-mark over the coming sessions. Tron [TRX] After Tron was unable to flip $0.132 to a region of support, the price […]
Ethereum showed a bearish divergence and dropped below $2100 but found good demand. VeChain could continue to climb higher after a pullback to $0.121-$0.13, and Synthetix tested $20 as resistance and was moving toward $17.95. Ethereum [ETH] ETH was trading above the area of demand at $2040 and faced resistance at the $2150 mark. It […]
Binance Coin noted bullish price behavior as it approached the $400-mark. Synthetix regained a key level on its road to recovery, while Crypto.com Coin moved within a range. Finally, a move below $1.7 could see Stacks head towards the $1.4-level. Binance Coin [BNB] There was some resistance seen at $350, but a breakout above this […]
XRP cushioned losses at $0.57-support after getting rejected at the upper ceiling of $0.63. EOS attempted to reclaim the $6.08 resistance, while SNX was unlikely to sustain above $21.6 even if the price broke north over the coming sessions. XRP Having recovered from lows of $0.4, XRP saw a favorable month of March and posted […]
Ethereum broke past its previous ATH and the rising ETH/BTC saw altcoins do well over the past couple of days as well. Dogecoin pumped on an Elon Musk tweet and dropped lower. Synthetix climbed steadily to reach $21.43 and could rise even higher after a minor dip. Ethereum [ETH] ETH broke past its previous ATH […]
Tron and Compound reported strong gains made in recent days, with TRON gaining by nearly 40% in the span of 48 hours. Synthetix was trading below a region of supply, but demand was slowly surfacing and could drive its prices higher. Tron [TRX] A week ago, on the 4-hour chart, a bullish divergence between the […]
Cosmos transitioned away from a descending channel and tested $19.9-resistance at the time of writing. Bitcoin SV awaited stronger signals to rise above the upper barrier of $224.1, while Synthetix was projected to move sideways from $15.8-support. Cosmos [ATOM] Losses in the last two weeks amounted to nearly 30% as Cosmos moved south after a […]
Ethereum generally leads the direction of the altcoin market, and a bearish Ethereum meant trouble for a majority of the market’s altcoins. Chainlink failed to hold on to the important zone at $10 and $9.5 and could be set to slide lower on the charts. Synthetix dropped after forming a bearish pattern while Verge lost […] The post Chainlink, Synthetix, Verge Price Analysis: 03 October appeared first on AMBCrypto.
Crypto.com Coin was ambivalent at press time, with no overall direction to its movement in the past few days. This could change in favor of the bears shortly. Stellar Lumens formed a bullish pattern and could have the bullish momentum to flip resistance in the next few hours. Synthetix Network Token showed bearishness and was […] The post Crypto.com Coin, Stellar Lumens, Synthetix Price Analysis: 30 September appeared first on AMBCrypto.
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Monero was noting a bullish divergence on the charts, with XMR trading beneath an important level of resistance, at press time. Synthetix, however, showed indecision in the markets and could see a drop in price over the next few hours. DigiByte bulls and bears were in equilibrium, but bears could force another minor pullback in the next few trading sessions. Monero [XMR] Source: XMR/USD on TradingView The RSI showed a bullish figure of 57, at press time, with the same rising alongside the price as it bounced off the support in the region of $87. The price had also formed…
Tron was observed to have hit a strong zone of resistance, before being rejected and pushed to the downside, at the time of writing. In fact, such bearish momentum appeared likely to continue for TRX. At a time when Ethereum was increasingly being criticized for high Gas fees and a congested network, it could have been Tron’s moment to shine, but things didn’t pan out that way at all. Further down the charts, Synthetix continued making lower highs in its downtrend while VeChain broke out upwards after a few days of relative calm. Tron [TRX] Source: TRX/USDT on TradingView TRX…
While Litecoin was expected to head south on the charts, the market seemed to have changed course, at press time. It showed signs of beginning an uptrend as it surged past its resistance to flip it to support. Further, IOTA appeared to be in a consolidation phase right above its support level, while Synthetix showed bullish signs in the market as it continued to recover after the drop in early-September. Litecoin [LTC] Source: LTC/USD on TradingView Over the past few days, Litecoin has been forming higher lows. The length of the candles, however, was short, pointing to a lack of…
Ethereum was trading at $337 at press time and displayed bullish divergence yesterday, which played out as ETH briefly spiked past $351 resistance before being forced to drop. Zcash saw a notable lack of momentum, while Synthetix Network was facing strong bearish pressure. Ethereum [ETH] Source: ETH/USDT on TradingView Using the Fibonacci Retracement tool for Ethereum’s recent move from $488 to its bottom wick down to $308, some important retracement levels emerge. ETH was trading at $337 and had the 23.6% retracement level above it as resistance. $322 beneath could serve as support for the price. When price approaches either…
Tron was trading near important levels of retracement, while Synthetix was still in the throes of a sharp correction, at the time of writing. Further, EOS showed a lack of momentum in either direction, with the crypto likely to consolidate near its support in the next few days. Bitcoin, the world’s largest cryptocurrency, was able to hold on to the $10,000-level very firmly and any dips underneath were quickly bought up. This highlighted Bitcoin’s strength and allayed fears of another steep drop on the charts. Tron [TRX] Source: TRX/USDT on TradingView At press time, Tron was retracing some of the…
Ethereum soared to $466 and could target $500. Often, a bullish Ethereum can lead the rally for many altcoins, and that appeared to be the case once again, as Cardano looked to have reversed its downtrend with a strong surge above its immediate resistance. Synthetix confirmed a bullish pattern with a break-out to the upside, and eyed some lofty targets. DigiByte continued to bow under bearish pressure and looked set to lose support level it was trading at. Cardano [ADA] Source: ADA/USDT on TradingView Cardano saw a strong surge upward after looking indecisive at the support level of $0.115. It…