Rocket Pool (RPL) Market Surges High As Buyers Take Lead

https://coinedition.com/rocket-pool-rpl-market-surges-high-as-buyers-take-lead/

  • The Rocket Pool price analysis shows strong bullish pressure in the last 24 hours.
  • The token has gained 11% and is now trading at around the $48.31 mark.
  • Moreover, the Rocket Pool token has strong support at the $43.30 level.

The Rocket Pool (RPL) price analysis shows an uptrend in the RPL market today with a strong bullish move. The token has surged by 11 percent in the last 24 hours and is currently trading above the $48.00 level. The RPL price action shows a good pullback from a resistance level of $50, which it had failed to breach over the past few days. This retracement was followed by strong buying pressure that pushed the token up to $48.31 at the time of writing.

The RPL market has an overall uptrend as the token is currently trading above its prior support level of $43.30 which was the current level for the bearish correction, and if the bulls are able to break this level, then it could be a sign of further upside in the market. The Resistance is present at $49.28, and if the bulls are able to break these levels, then we could see further upside above $50.

The daily trading volume for RPL has also seen an increase over the past 24 hours, with over $11 million worth of tokens traded. This amount is 94.28% higher than that of the previous day and indicates a surge in demand for the token. The RPL coin is currently in the 57th position on CoinMarketCap and has a total market cap of $925 million.

The hourly technical indicators for the RPL market show a bullish sentiment in the near term. The 20-EMA crosses above the 50-EMA, indicating a bullish trend, and the MACD has just made a bullish crossover. The MACD line has crossed above the signal line and is showing a continuing uptrend, Additionally, the Histogram is showing a bullish trend as the bars have turned green.

RPL/USD 4-hour chart: TradingView

The Relative strength index (RSI) is also showing a strong bullish sentiment at 69.22, moving towards the overbought zone. The 50-day moving average (MA) is also showing a bullish sentiment as it has crossed above the 200-day MA. This indicates that the long-term trend is also bullish in nature. Currently, the moving average is currently at the $46.38 level.

Overall, the RPL market is looking bullish with a good amount of buying pressure in play as the token pushes towards higher levels. The technical indicators have all turned bullish and the daily trading volume has also seen an increase indicating strong demand for the token. If bulls can break the current resistance levels then further upside could be expected.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Aptos (APT) Price Shows Restraint as Bearish Activity Takes Hold

https://coinedition.com/aptos-apt-price-shows-restraint-as-bearish-activity-takes-hold/

  • The Aptos price analysis shows a bearish trend in today’s market.
  • Aptos token is trading at $11.40, and it is down by 1.92% in the last 24 hours.
  • The bearish trend is being supported by increasing selling pressure.

The latest Aptos price (APT) analysis shows negative market sentiment as bearish activity gains traction. At the time of writing, Aptos is trading at $11.40, down by -1.92% in the last 24 hours. The bearish trend is being supported by high selling pressure and low buying volume as more sellers enter the market.

The bearish trend is strong, and if the bearish trend continues further, the next level of support may be seen at 10.90 USD. The current levels of resistance for APT are present at 11.69 USD, and a break above this level can shift the price action toward $12.00, which can be considered a strong resistance level if bullish sentiment takes over.

In the past few days, bullish activity was seen in the market and pushed the token price above the $11.50 resistance point, with more buying pressure pushing prices even higher. However, the bearish activity is now gaining traction, and this could lead to a further decline below the $11 support level. The market opened trading in the bearish territory today at $11.50, and the price has now fallen to $11.40, with more selling pressure likely in the coming days.

The market capitalization for Aptos currently stands at $2.01 billion, with a decrease of -2.22% in the last 24 hours. The 24-hour trading volume is over $231 million and has seen a decrease of -63.49%, indicating that the sell-off has intensified. The circulating supply of Aptos is 177 million tokens, and the market dominance is at 0.09 percent.

The 24-hour technical indicators display bearish momentum for the Aptos market. The MACD is trading below the zero line and is showing a bearish crossover, indicating more selling pressure in the coming days. Similarly, the RSI has moved into the neutral region and is currently at 46.00, suggesting further downward momentum in APT’s price action.

APT/USD 1-day price chart: TradingView

The volatility is low in the Aptos market, and this can impact the price action. The Bollinger bands have converged, and this indicates that the price is likely to experience a breakout soon. The upper Bollinger band is currently at $13.58, and the lower is at $10.54, which suggests that the market may soon break out of this range.

Overall, Aptos is facing bearish activity in today’s market, with more selling pressure likely to be seen in the coming days. The selling pressure could lead to a further decline in the token’s price, and traders are advised to exercise caution when entering into new positions. The bulls need to take back control of the market by pushing prices above the $11.50 mark in order to counter the bearish trend.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Kusama (KSM) Market Value Plummets As Bearish Pressure Intensifies

https://coinedition.com/kusama-ksm-market-value-plummets-as-bearish-pressure-intensifies/

  • The Kusama token shows bearish sentiment in the past 24 hours.
  • KSM/USD is currently standing at $34.17, with a loss of 1.75 percent.
  • The support level for the digital asset is present at $33.73.

The Kusama price analysis reveals that the token has been on a downward trajectory after breaching the resistance level of $34.64. The KSM/USD is trading in a bearish trajectory, with the bulls striving to recapture the losses. The bearish pressure is intensifying, as the price of KSM has slipped below the $35 level. At the time of writing, the token is being exchanged at $34.17, with a loss of 1.75 percent in the past 24 hours.

The sellers are dominating the market and have pushed KSM below the resistance zone of $34.64, making it vulnerable to more losses in the coming days. In addition, if bearish pressure continues for an extended period, then KSM could also be in line for a price correction. Looking ahead, if the bulls can regain control of the market, then KSM has a chance of climbing back up to its previous level of $35.00. However, until that happens, the token is likely to remain bearish for some time.

The market capitalization of the asset is $289,260,168 and is down by 1.18 percent in the 24-hour time frame, indicating that the sellers are dominating the market. The 24-hour trade volume of KSM has also decreased by 33.51% to $10,126,963 compared to the previous 24 hours. Additionally, the total supply has a circulation of 8,470,098 KSM tokens.

The daily technical indicators are in favor of the bears. The MACD for KSM/USD is below zero and it is showing bearish signals as its signal line has crossed underneath the MACD line. The histogram has also turned negative and is showing bearish intent. The RSI is currently standing at 49.64, indicating that the token could continue to head lower in the near future if bearish pressure persists.

KSM/USD 1-day price chart TradingView
KSM/USD 1-day price chart: TradingView

The Bollinger bands on the daily chart are exhibiting bearish pressure. The volatility is moving below the normal range and the price is trading closer to the lower Bollinger band. This indicates that there could be more losses in store for KSM if bearish pressure continues for an extended period. The upper Bollinger band is standing at $37.00, while the lower band is present at $31.36.

Overall, the market sentiment for KSM/USD remains bearish and it could be in line for more losses if bearish pressure persists. The selling pressure is likely to remain in control unless the buyers can reclaim the losses and push KSM back up toward its previous level of $35.00. The technical indicators are in favor of the bears, so KSM could remain bearish for some time.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Bullish Sentiment Drives MAGIC Market as Buying Pressure Intensifies

https://coinedition.com/bullish-sentiment-drives-magic-market-as-buying-pressure-intensifies/

  • MAGIC coin shows a positive trend at $1.43 as the bulls take the lead in the market.
  • The buying pressure is strong, and the MAGIC coin is up by nearly 7.37% in the last 24 hours.
  • Resistance and support levels for the coin are seen at $1.45 and $1.29.

The MAGIC price analysis is showing a positive trend in the market today, with bullish indicators continuing to dominate. The token is currently trading at $1.43, with a 24-hour surge of 7.37%, indicating a strong market sentiment. The bulls have taken control of the market, and it looks like they are ready to push the MAGIC price further up.

MAGIC/USD daily chart: Coin market cap

The previous day the market was in a bearish trend, and the price of MAGIC was at $1.29. However, with strong buying pressure from investors and traders, the price moved up to $1.42 in a short span of time. This is likely due to the increasing demand for MAGIC coins and a lack of selling pressure from sellers. The current resistance level stands at $1.45, which is expected to be broken with the bullish momentum that has taken over the market.

The last few hours of trading have been relatively positive for the bulls, with the daily trading volume reaching up to 29.1 million dollars, an increase of more than 4.65 percent from yesterday. This indicates that the buying pressure is strong, and the market sentiment is becoming increasingly bullish. The market cap for the token stands at $99 billion, with the total circulating supply at 212 million.   

The daily technical indicators are largely in favor of the bulls. The moving average converges divergence (MACD) is in the bullish zone, with its signal line above the MACD. Additionally, the histogram is increasing, with red bars turning green. The relative strength index (RSI) is at the neutral zone at $47.65 and is expected to cross the overbought zone. These indicators signal that the bulls have taken control of the market and are pushing the price higher.

MAGIC/USD 1-day price chart: TradingView

The Bollinger band on the daily chart is also favoring the bulls. The volatility of the coin is increasing. With the upper band expected to break at $1.94 in the coming days with sustained bullish momentum, the lower band stands at $1.07 and is expected to act as strong support for the MAGIC price in the near term if bulls take a breather.  

Overall, the bullish sentiment is dominating the MAGIC market as buying pressure continues to increase. The indicators are looking good for further growth of the coin in the near future, and with sustained momentum from buyers, MAGIC could cross $1.50 soon. The resistance and support levels are in favor of bulls, and with a decrease in selling pressure, the token looks well on its way to reaching new highs.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

MATIC Fails to Break Higher Despite Launch of Polygon zkEVM Mainnet

https://coinedition.com/matic-fails-to-break-higher-despite-launch-of-polygon-zkevm-mainnet/

  • Price analysis shows that MATIC failed to break out above $1.00.
  • MATIC’s price is consolidating following a sharp sell-off from an intra-day high of $1.09.
  • The launch of Polygon zkEVM main net was expected to provide a boost, but this hasn’t been the case as yet.

The MATIC/USD pair traded within a narrow range between $1.03 and $1.09, with bulls unable to break the key resistance of $1.2.The lack of any major upside momentum could be attributed to a lack of investor interest in the altcoin markets, with Bitcoin dominating the cryptocurrency market in recent days.

The launch of the Polygon zkEVM mainnet promises to bring scalability and privacy to Ethereum, which should help boost MATIC prices over time. However, for now, the MATIC/USD pair remains vulnerable to further downside pressure in the near term.

The next key support level is seen at $0.8, while a break above $1.2 could potentially invalidate the bearish outlook and push prices higher toward the next resistance level of $1.5.

Polygon opened the daily trading session trading in a horizontal channel, with the MATIC/USD pair struggling to break above $1.2. MATIC has formed lower highs at $1.09, with the price making unsuccessful attempts to break past this level.

Looking at the daily chart, MATIC has been trading inside a narrow range between $1.03 and $1.09, with the bulls unable to break the key resistance of $1.2. A move above this level is needed for MATIC to regain some upside momentum in the near term.

On the downside, support has been found at $0.8, and any further drop could push the price toward this level. The immediate support has been established at the Fibonacci 0.236 level at $0.988, which could provide a cushion if the MATIC/USD pair continues to fall.

The Fibonacci extension levels of the previous swing high of $1.09 and low of $0.80 also suggest that Polygon could struggle to make further gains in the short term, with a potential move toward the 0.382 or 0.5 levels at $1.29 and $1.44 respectively on a breakout above $1.2.

MATIC Technicals:TradingView

The technical indicators are signaling a bearish shift, with the MACD line in the negative zone and below the signal line. The RSI is also trending lower and hovering near the oversold region. The bears are ruling the market on all timeframes, with the price settling at $1.0476 at the moment of writing.

MATIC/USD technical chart:TradingView

Looking ahead, Polygon’s bearishness may be attributed to the current retracement in the cryptocurrency market. The bulls need to establish a strong foothold above the $1.2 level to regain some upside momentum in the near term.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

STX Analysis: Bears Rule STX Market After Bulls Take a Breather

https://coinedition.com/stx-analysis-bears-rule-stx-market-after-bulls-take-a-breather/

  • Stacks token shows a negative trend in the market after the bulls take a breather. 
  • STX coin is trading at $0.9522, which is down by 2.57% over the past 24 hours.
  • Support for the cryptocurrency is presently at the $0.9511 level.

The latest Stacks price analysis reveals that the bears have a dominant hold over the STX market after a brief surge by the bulls. The STX/USD pair is trading at $0.9522 as of this writing and is trending downward, with a decrease of 2.57% in the past 24 hours. The selling pressure is likely to continue as the bears come back into play. 

The STX/USD pair has support present at the $0.9511 area, and a break below this level could push the prices towards lower levels of $0.9459, $0.9375, and even lower prices in the coming days. If buyers manage to hold the $0.9511 level, then there is a possibility of a recovery in prices, and STX/USD could rise toward the next resistance level of $1.03, which is likely to be the target for bulls in the near term.

In the past 24 hours, the STX market has seen a decrease in both volume and liquidity. The total 24-hour trading volume for Stacks stands at $199 million, which is significantly lower by 4.33% as compared to the previous 24 hours. This could signal a lack of buying pressure from investors and traders, which could result in further price declines. The market capitalization of Stacks has also dropped to $1.3 billion, with a drop of 0.79% over the same period.

The daily technical indicators are mostly pointing to the bearish sentiment in the market. The moving average indicator is currently at $1.07 and is sloping downward. The Relative Strength Index (RSI) has dipped and currently stands at 52.63, indicating that the bears are in control of the market momentum. The moving average convergence and divergence (MACD) line has also crossed below the signal line, indicating a bearish crossover.  

The hourly chart for STX/USD shows that bearish pressure is currently dominating the market. Today’s market opened trading with bullish sentiment, with prices rising from $0.94 to a high of $1.04. However, the bears have since taken control and pushed the STX/USD pair back below the psychological level of $0.95. The sellers and buyers will have to engage in a tussle around the $0.9511 support if any recovery is to be seen in STX coin prices in the near term. 

STX/USD 4-hour price chart: STX/USD
STX/USD 4-hour price chart: STX/USD

The moving average indicator on the 4-hour chart has also dropped to $0.975 and is trending downward, while the RSI indicator is currently at 38.51, which is still in neutral territory. However, if bears continue to dominate the market, then the RSI will move further into oversold territory. The MACD indicator is also in a bearish crossover as the histogram is trending downward with red bars.  

Overall, short-term bearish sentiment dominates the STX market, and prices are likely to remain under pressure in the coming hours. The support at $0.9511 could be the key level to watch for any potential upside, and a break below this level could push STX coin prices toward lower levels. The technical indicators are currently signaling bearishness in the market, but there is still room for recovery if buyers manage to hold on to the support level.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Bullish Sentiment Captures UNI Market as Buying Momentum Accelerates

https://coinedition.com/bullish-sentiment-captures-uni-market-as-buying-momentum-accelerates/

  • The UNI token shows bullish sentiment as the market continues to rise.
  • At the time of writing, UNI is trading at $6.23, up 1.02% in the last 24 hours.
  • Support for cryptocurrency is present at $5.60, and resistance at $6.43.

The UNI token is showing bullish results for the day as the price continues to rise. The price has risen up to $6.23 since its opening, exceeding all expectations. This is a positive sign for the token and indicates that investors are bullish about the price of UNI. The 1.02% increase in the last 24 hours also shows that investors are confident about the token’s future performance.

The bullish sentiment is further supported by the high trading volume of over $91 million which was seen in the last 24 hours. This shows that investors are actively buying and selling UNI in an effort to cash in on its potential gains. Additionally, the market capitalization of UNI has also crossed $4.55 billion, indicating a strong interest in the token. The circulating supply of UNI has also crossed 762 million, a testament to its acceptance as a viable and valuable asset.

The daily chart for Uniswap price shows that the token is currently trading above the level of $6.20, indicating a strong bullish momentum in the market. Furthermore, strong support for the token is seen at the level of $5.98, and if bears manage to push the price below this level, then there could be a further drop in the price of UNI. On the other hand, if bulls manage to keep prices above $6.50, then the token may continue on its uptrend and move toward higher levels.

The technical indicators also suggest that the UNI token is likely to rise further in the near future. The moving average indicator is currently at $6.26 just above the current market price. The MACD (Moving Average Convergence/Divergence) line has crossed above the signal line, indicating a positive outlook for UNI. Additionally, the histogram has been rising, further corroborating the bullish sentiment. The RSI also is at 45.46, indicating that the coin is in the neutral zone, neither oversold nor overbought.

The hourly chart for the UNI token shows that the bulls are still in play. The market for UNI opened today’s trading session in a massive bullish breakout at $6.18, resulting in a price spike that took the market above the $6.20 level. The strong bullish momentum behind UNI has been further strengthened by the recent buying activity which is pushing the price up toward higher levels.

The hourly moving average indicator for UNI is also showing an uptrend at $6.20, with the 50-day MA crossing above the 200-day MA. The MACD average indicator is also showing a bullish crossover, and the histogram is displaying an uptrend. Additionally, the Relative Strength Index (RSI) is also at 39, indicating that it is in a neutral zone, and if bulls persist, the RSI could move toward the overbought zone.

In conclusion, the UNI market is currently in a strong bullish phase, and the technical indicators are signaling that it could continue to rise further. Investors should be aware of strong support at $5.98 and resistance at $6.43 while trading Uniswap’s token. If the bulls manage to keep prices above $6.50, then it could break to new highs and investors may stand to benefit from its potential gains.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Stellar (XLM) Token Shows Bearish Pattern After Strong Sell-off

https://coinedition.com/stellar-xlm-token-shows-bearish-pattern-after-strong-sell-off/

  • The Stellar price analysis shows a bearish trend over the past 24 hours.
  • XLM/USD has lost 3.26% of its value and currently trades at $0.0914.
  • If the bearish market persists, we might see the XLM falling toward the support level of $0.08871.

The Stellar price (XLM) analysis shows that the bearish momentum has taken control of the market. The Selling pressure is increasing on the XLM market, and prices are falling toward lower levels. The Stellar token is trading near the channel bottom at $0.0914 and lost 3.26% in the past 24 hours.

The past few days have been supportive for the bulls after the price of XLM climbed to highs near $0.095 and tested the resistance at $0.09536 as the buyers pushed the price higher. However, today the bears have taken over, and the price of XLM has dropped back below the $0.095 level.

If this bearish pressure continues, then we might see a deeper correction bringing the XLM/USD closer to the $0.08871 support level. On the upside, if the bulls can manage to push prices higher and break out of the current resistance at $0.09536, then we might see a further increase in price with a possibility of testing the next resistance at $0.10 levels once again.

The 24-hour trading volume for XLM/USD has decreased to $129 million and is still much lower than the previous levels indicating that investors are reluctant to trade due to the bearish sentiment in the market. The market capitalization for the XLM token has also decreased to $2.47 billion, with a decrease of more than 3 percent in the last 24 hours, ranking it at the #28th position on Coinmarketcap.

The Daily technical indicators for the XLM/USD pair remain bearish and indicate further downside momentum. The Stochastic RSI indicator is in neutral territory and is located at 57.82; however, if bears persist, we might see the Stochastic RSI moving toward the oversold territory. The MACD is in bearish mode and has crossed below the signal line, indicating further downward momentum.

The Bollinger bands on the daily chart also show a bearish sentiment as they have squeezed together, indicating that we might see a period of low volatility in the Stellar market. The upper Bollinger band is currently at $0.0944, which may be a strong resistance for the XLM/USD pair. The lower band is currently at $0.07592, which may act as a support level if bearish momentum persists.

Overall, the bearish pressure in the XLM market is increasing, and we may see a further correction if bears remain in control of the market. The selling pressure is likely to continue until a new support level is established. The key levels are resistance and support levels which are $0.09536 and $0.08871, respectively, which will determine the next direction for XLM/USD.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

STEPN (GMT) Price Surges As Bullish Activity Takes Hold

https://coinedition.com/stepn-gmt-price-surges-as-bullish-activity-takes-hold/

  • The GMT value has leveled up to $0.3982 in the past 24 hours due to the bullish pressure.
  • STEPN price analysis is up by a whopping 0.45% as the bullish activity takes hold.
  • The support level for the cryptocurrency is still strong at the $0.3973 mark.

The latest STEPN price analysis is on the bullish side, as it is showing a slight price improvement today. The buying pressure is still quite strong, with the price staying above the $0.39 mark, indicating that the buying pressure is still strong. At the time of writing, STEPN is trading at 0.3982 USD, with an increase of 0.45 percent in the past 24 hours.

The bullish trend is expected to continue in the near future as more investors are getting attracted to the cryptocurrency due to its high potential. The resistance level for the cryptocurrency is at $0.4178, which will be challenging to break as the buying pressure has decreased slightly. If a bearish activity takes over the market, then the price of STEPN will likely fall toward the support level of $0.3973.

Cryptocurrencies price heat map
Cryptocurrencies price heat map, Source: Coin360

Most cryptocurrencies today are in the green as the market sentiments continue to be positive. The overall cryptocurrency market is currently gaining momentum as more investors are entering the market. The top coins are also performing well, with Bitcoin, Ethereum, and XRP gaining positive traction in the market. However, some of the coins are in red due to market volatility and the overall sentiment in the market.

The circulating supply of STEPN is currently at 600,000,000 GMT. The market capitalization has seen a slight increase over the past 24 hours and currently stands at $241 million, making it stand at No.139 according to market cap. However, the trading volume of the cryptocurrency has decreased slightly in the past 24 hours, as it currently stands at $74 million.

The daily technical indicators are also trending positively as the MACD is surging, showing that the bulls are dominating the market. The signal line is also above the MACD line, indicating that the bullish momentum is still strong. The Relative Strength Index is in the neutral zone at 50.61, indicating that there is still a lot of upside potential for the price.

The volatility has been increasing continuously in the past few hours, with the upper Bollinger Band at $0.4613, which will provide strong resistance in the near term if bulls move further. The lower Bollinger Band is currently at $0.2911, which will act as strong support if bears try to dominate the market.

Overall, STEPN has been on a positive trend, and more investors are getting attracted to the cryptocurrency due to its high potential soon. The bullish momentum looks strong, with no signs of a pullback. The technical indicators are also positive, indicating that the bulls dominate the market.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

LINK Spikes High as Bullish Momentum Builds Strongly

https://coinedition.com/link-spikes-high-as-bullish-momentum-builds-strongly/

  • Chainlink price analysis shows a strong bullish momentum.
  • LINK/USD is currently at $7.53, a 5.97% increase over the past 24 hours.
  • If bulls persist, the LINK token could target the $7.60 level soon.

The Chainlink price analysis shows a bullish trend, as an increase has been recorded in the last 24 hours. The market has been following bullish for the past few days, and the price has significantly increased. The LINK/USD pair has surged to $ 7.53 in the last 24 hours as more investors are showing interest in the token.

The bulls are demonstrating the strength and are pushing the token higher. The resistance level at $7.55 has been broken to the upside, and a further increase is expected in the near future. If bulls manage to break the next resistance at $7.60, then we can expect a further increase in the LINK token price. The support level is still strong at $6.90, and if the price retraces downward, then this support can be expected to hold.

The daily chart for the LINK/USD pair shows a strong bullish momentum as the price is currently trading above the $7.50 level, with a 5.97 percent increase in the past 24 hours. The 24-hour trading volume is still in a decrease as the buyers are taking a cautious approach. The market capitalization is currently at $3.89 billion, and with an increase of 8.39 percent in the past 24 hours, it is expected to increase further if the bulls continue to dominate the market.

LINK/USD 1-day price chart: TradingView

The technical indicators are also showing a bullish trend, as the moving average indicator is in a bullish crossover. The MA is currently at $7.05 on the daily chart and is showing an upward trend. The relative strength index (RSI) is also at a high of 59.08, indicating that the buyers are in control of the market. Furthermore, if we measure the buying pressure by looking at the MACD oscillator graph, we can see that it is significantly increasing as well.

The 4-hour chart for Chainlink price analysis shows a price has undergone a recovery today after yesterday’s bearish pressure. The token has been trading in the range bound of $6.90 to $7.55 in the past 24 hours representing the support and the resistance level, respectively, and is currently trading in the upper range, which indicates that the buyers are dominant.

LINK/USD 4-hour price chart: TradingView

The hourly technical indicators also show bullish trends as the RSI has crossed above the 60 levels moving towards the overbought territory, indicating that the buying pressure is increasing. The Moving average converges divergence (MACD) remains in the bullish region, with green lines crossing over each other on the histogram. The 4-hour moving average indicator is currently at $7.24, just below the current price, which is a bullish sign for the token.

In conclusion, LINK/USD analysis shows that the bulls are in control of the market, and the price is expected to target the $7.60 level soon if the buyers continue to dominate. The technical indicators are also showing positive trends that support this prediction. The support level and resistance level must be monitored carefully, as they could change the trend in either direction at any time.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

AVAX Price Level Shows a Bearish Momentum After the Market Crash

https://coinedition.com/avax-price-level-shows-a-bearish-momentum-after-the-market-crash/

  • Avalanche price analysis shows a bearish trend after a long period of stability.
  • The AVAX/USD is standing at $16.98, that’s a drop of 3.47% in the last 24 hours.
  • If bearish persists, it could move Avax’s price lower around the support level of $16.43.

The latest Avalanche price analysis reveals that the AVAX price is facing a significant amount of bearish pressure in today’s market.  The bearish pressure is pushing Avax’s price below the $17.00 level after strong selling pressure from the market. The AVAX/USD pair is currently hovering around the $16.98 level, which is a drop of 3.47% in the last 24 hours.

This bearish pressure may cause the price to break through the support level of $16.43, increasing its downside potential even further in the coming days ahead, and if the bearish momentum persists, the AVAX price could test even lower levels shortly. The bulls need to act fast to push the AVAX price above the resistance level of $17.58 in order to restore the bullish sentiment in the market and prevent further downside price action.

The daily chart for the AVAX price shows that it has been in a sideways trading zone between $16.43 and $17.58 for some time now, but the recent bearish pressure has pushed the coin back down to its support level of $16.43. The market capitalization of AVAX is currently at $5.51 billion, which is low compared to the previous figures. The 24-trading volume for AVAX is also on the decline and currently stands at around $210 billion, with a loss of 7.27% in the last 24 hours.

The AVAX/USD is currently trading below both its 50-day and 200-day moving averages, which indicates that the bearish sentiment is still strong and may lead to further downside. The moving average is currently at $16.79, which is below the current AVAX price level. The MACD has also turned negative with histogram bars in the bearish zone. The RSI indicator is in the neutral zone at the 49.92 level and may move further into the bearish zone if the AVAX price continues to drop.

The 4-hour price chart for AVAX shows that the bearish momentum is still strong and may lead to further downside. The market opened today’s trading section in the bearish territory at $17.00 and has since then dropped to a low of $16.98 with no bullish reversal in sight. The bearish pattern is likely to persist as the AVAX price continues to move in the downward direction.

The hour technical indicator is also in the bearish zone, with the RSI indicator below the 50 level. The RSI is currently at 48.87 and may move to the oversold zone if the bearish sentiment continues. The histograms are red in color, with the signal line moving below the MACD line, which indicates that bearish momentum may persist in the coming hours. The moving average at $17.02 is also above the current price level, which supports the bearish outlook for AVAX in today’s market.

To conclude, Avalanche price analysis shows that the coin has been facing a bearish trend over the past few hours, pushing its price lower below $17.00 despite a period of stability. The bearish pressure is currently strong and may lead to further downside if the AVAX price fails to break above the resistance level of $17.58 soon. The technical indicators are in favor of bears and show that bearish momentum may persist in the coming hours.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Bulls Reign Over DOGE Market as the Coin Continues to Surge

https://coinedition.com/bulls-reign-over-doge-market-as-the-coin-continues-to-surge/

  • Dogecoin price analysis shows a bullish trend in the DOGE market.
  • At the time of writing, DOGE is trading at $0.07464 and is up 0.34% in the last few hours.
  • The resistance barrier of $0.0766 needs to be broken for further upside progress.

The Dogecoin price analysis for today shows a bullish recovery after a minimal pullback. The market for DOGE opened at $0.07537 with a massive surge that took the price to an intraday high of $0.0766, providing a gain of 0.34%. However, a bearish pullback took the Dogecoin price back to $0.07341, from which it has started rising again.

DOGE/USD daily price chart: Coinmarket cap

The bulls are trying to push the price above the resistance barrier of $0.0766 with good buying strength and sustainable momentum. If they succeed in doing so, the next level of bullish pressure will come in at $0.080 and then at the psychological level of $0.0850.

On the other hand, if the market reverses the momentum and starts a downward trend, the first level of support that the Dogecoin price may encounter would be at $0.0743, followed by another support barrier at $0.073. If this support is broken, then we might see DOGE prices falling to the critical level of $0.07200.

The market capitalization for DOGE is currently over $9.8 billion, and the 24-hour trading volume stands at $410 million, both of which are evidence that DOGE is becoming increasingly popular in the crypto sphere. The circulating supply of DOGE stands at 132 billion DOGE, which makes DOGE one of the top 10 cryptocurrencies.

Most cryptocurrencies today are in green candlestick territory, with top coins like Bitcoin, Ethereum, and XRP all seeing increases in their market prices. With its bullish momentum continuing in the market, Dogecoin is likely to benefit from further upside progress.

The latest technical indicators reveal a strong bullish pattern in the Dogecoin market, with the 50-day MA now above the 200-day MA, indicating a strong bullish market trend. Currently, the moving average indicator is at 0.0734 with a strong buy signal, confirming the bullish momentum in the market.

DOGE/USD 1-day price chart, Source: TradingView

The Relative Strength Index (RSI) is below 50 levels at the moment, which is neutral and may likely increase in the upcoming sessions. The moving average convergence divergence (MACD) is about to go green, which could be a sign of further bullish momentum. The MACD line is currently above the signal line, indicating an uptrend.

Overall, Dogecoin is in the midst of a bullish market trend, and it looks like it’s here to stay. With more investors entering the crypto market, Dogecoin could be looking at further gains in the days ahead. The support and resistance levels will be important to watch out for, as any breaks could signal a reversal in the market.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

BNB Coin Breaks Above $320 Level as Bullish Momentum Intensifies

https://coinedition.com/bnb-coin-breaks-above-320-level-as-bullish-momentum-intensifies/

  • The Binance coin surges past the $320 mark as a bullish trend drives the price higher.
  • BNB/USD pair is currently standing at $320.76, having gained 2.68% over the past 24 hours.
  • The next target for the cryptocurrency is at the $322.12 resistance level.

The latest Binance price analysis shows a positive trend for the BNB/USD pair. The coin has been trading in positive sentiment for the last few hours after recovering from the bearish pressure that was in control earlier today. The bullish pressure on the coin has been strong, and it even managed to break above the psychological $ 320.00 level.

BNB daily chart: Coinmarketcap

The current price of BNB Coin is at the $320.76 level, with strong bullish momentum in play. The coin has moved up 2.68% over the last 24 hours, and buying activity is likely to increase further in the coming days. The next target for the BNB/USD pair would be at the $322.12 resistance level, which is expected to be a strong hurdle for bulls. If breached successfully, we could expect further gains in the coming days.

On the other hand, the coin is likely to face support at $301, which was a current trading level earlier. If this support does not hold up, the coin could pull back to the $299 level. Today’s market opened trading at a low of $307, and the surge in bullish momentum has taken the coin closer to its resistance level.

Looking at the coin 360-day chart, it can be seen that the BNB/USD pair has followed a bullish trend for the past few hours, with only minor pullbacks along the way. However, other cryptocurrencies in the market have seen losses, which could be attributed to lower investor sentiment and low liquidity, with BTC and ETH seeing losses of -1.8% and -2.84%, respectively.

The circulating supply of BNB Coin is at 157,891,903, indicating the coin’s demand continues to rise. The 24 trading volume for the coin is valued at $739,045,342, and it is down by -12%, indicating a cooling off of investor sentiment. The market cap is on gain as more buyers are entering the market. Currently, it is standing at $50,770,267,660, with an increase of 2.93 percent.

The four-hour technical indicators display a bullish outlook for BNB/USD pair. The Relative  Strength Index (RSI) appears to be moving in neutral territory as buyers become more active, and this could cause the RSI to reach the overbought zone. The moving averages have also moved up to $312.0, just below the current market price.

BNB/USD 4-hour chart: TradingView

The Moving Average Convergence Divergence (MACD) is on the rise, reflecting the bullish momentum. The MACD line is currently above the signal line, indicating that the buyers are in control of the market. Additionally, The histogram is also in the green zone, revealing that the bulls are getting stronger.

Overall, BNB Coin has seen a strong surge in price over the past few hours, and it appears that this momentum is likely to continue in the near term. The coin is currently trading near its resistance level, but if it breaks through this level, we could see further gains soon. The technical indicators are all pointing toward the bulls, so investors should watch out for further price action.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

SHIB Market Remains Strong as Bullish Sentiment Continues to Rule

https://coinedition.com/shib-market-remains-strong-as-bullish-sentiment-continues-to-rule/

  • Shiba Inu price analysis shows an uptrend at $0.0000113 after a recent surge.
  • The digital asset value has risen more than 2.76% over the past 24 hours.
  • The support level for the cryptocurrency is seen at $0.00001092.

The most recent Shiba Inu price analysis shows a bullish trend in digital assets and is currently trading at the $0.0000113 mark. Recently, the cryptocurrency has gained over 2.76% in the past 24 hours and has seen an increase in demand as investors look to benefit from its high potential. The SHIB/USD pair is currently trading above the $0.00001092 support level and is looking to rise further as it continues its uptrend.

The Shiba Inu market cap stands at almost $6.18 billion, increasing by 2.85% over the past 24 hours and making it one of the largest digital assets in terms of market capitalization, while the 24-hour trading volume is recorded at over $501 million. The circulating supply of SHIB tokens is currently 549,063,278,876,302 SHIB, according to CoinMarketCap.

Looking ahead, Shiba Inu is expected to remain bullish, and the price could possibly reach the $0.00001177 resistance level in the near future if the current momentum continues. However, any sudden volatility in the digital asset market could affect the price of SHIB and cause it to fall below the $0.00001092 support level, which could lead to further consolidation.

The previous week the market for  SHIB was bearish as the digital asset saw a dip in price below the $0.0000977 level, as the selling pressure increased. However,  the digital asset recovered quickly and is now trading above the $0.00001092 level as bullish sentiment continues to be dominant in the market.

Cryptocurrencies price heat map
Cryptocurrencies price heat map: Coin 360

Looking at the latest technical indicators, the Relative  Strength Index (RSI) stands at 57.35 and indicates a neutral market condition. The Moving Average Convergence/ Divergence (MACD) suggests that the market is running bullish and that the SHIB coin could see further gains shortly. The green bars in histograms also indicate a bullish trend in the digital asset market.

The Bollinger bands on the 4-hour chart are widening, indicating that there will be volatility in the market. The upper Bollinger band at $0.00001178 which could be a possible resistance level for the digital asset, while the lower Bollinger band stands at $0.00001092 which could be a possible support level for SHIB in the coming days.

To sum up, Shiba Inu has seen an impressive run-up in the recent past and is expected to remain bullish. The buying pressure is likely to remain strong as long as the digital asset market continues to show positive sentiment. The bulls are likely to continue pushing prices toward the $0.00001177 resistance level, which could open doors for further gains in the near future.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Bulls Dominate LQTY Market After Impressive Gains in Recent Hours

https://coinedition.com/bulls-dominate-lqty-market-after-impressive-gains-in-recent-hours/

  • The Liquity (LQTY) price is trending in the green zone today.
  • LQTY/USD is facing resistance at $2.59, and support is seen near the $2.03 level.
  • The digital asset is currently trading at $2.58, up 16.46% from the previous day.

The Liquity (LQTY) price has seen a strong surge in the past few hours. The bullish trend is currently dominating the APE market, with LQTY prices trading around the $2.50 level, with a surge of over 14.26% in the past 24 hours. The buying pressure is increasing, and the price is expected to reach new highs above $3.00 in the coming days if bulls remain in control.

The market opened today’s trading in a bearish zone at $2.06 as more selling pressure was seen in the market. However, bulls managed to gain control of the market and push prices up into a bullish zone. The resistance level of $2.63 and needs to be breached for further upward movement.

The current CoinMarketCap ranking is #138, with a live market cap of USD 228,910,025, with an increase of 14% in the last 24 hours, indicating more buyers are entering the market. The 24-hour trading volume for LQTY is $191,246,581 and up by 57%. The circulating supply of LQTY is $91 million,  with a max supply of 100 million. The latest technical indicators are also looking bullish. The RSI is trending in the overbought zone and shows no signs of slowing down. The MACD is trading in the positive region, and further gains can be expected if the bulls remain in control of price action. The volatility is high but is still contained within the upper range, and there is a possibility of further gains

The Bollinger bands indicator is trending in the positive region, and there is a possibility of volatility increasing further if prices rise above $2.59. The upper Bollinger band is currently at $2.51, While the lower Bollinger band is at $1.64, which may act as the next support level in the near term if bearish momentum returns.

Overall, the liquidity price analysis shows that the token is currently bullish and trading in a strong uptrend. The daily technical indicators are looking positive, and there is a possibility of further upside if prices manage to break above resistance levels. The buying pressure is strong, and if the bulls can sustain this momentum, then we could see further gains in the near term.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

A Bearish Pattern Appears in Ripple’s Price Amid Market Turmoil

https://coinedition.com/a-bearish-pattern-appears-in-ripples-price-amid-market-turmoil/

  • The Ripple price analysis shows bearishness in the market as it plummets.
  • The XRP coin is currently at 0.3638 USD, down over 8.19% in the past 24 hours.
  • The bearish trend is likely to continue as there are no signs of a reversal yet.

The Ripple price analysis indicates a  notable drop in price over the past few days. The XRP coin is currently trading at around $0.3638, with a notable drop of 8.19% in the past 24 hours. The XRP token opened today at $0.3691 and quickly started its downward journey, with no signs of a reversal yet.

The selling pressure is escalating as the market sentiment is overwhelmingly bearish. The support level at $0.3599 is seemingly not enough to contain the sell-off, and it looks like XRP will continue to fall further if no bullish momentum appears in the market.

The resistance level at 0.3964 USD  appears to be too strong for the rising buying pressure, and any attempts to break it have been unsuccessful so far. This could mean that Ripple may have a hard time recovering from this bearish trend in the short term.

Most of the cryptocurrencies today are in the red, with top coins like  Bitcoin currently trading below the $20k mark. Moreover, Ethereum is trading below $1,400, and other altcoins recording more significant drops. This contributed further to the bearish sentiment in the Ripple market, leading to a further decline in prices.

Cryptocurrency price heat map, Source: Coin 360

The daily chart for the Ripple coin shows that the previous night the bulls gained momentum and pushed the XRP/USD pair above the resistance at $0.3964, yet, the trend reversed soon after, and XRP plunged downwards below the baseline of $0.3650 to its current price level of $0.3638, indicating that the continuation of the bearish trend may continue in the near term as bearish pressure is getting stronger.

The market cap plummeted to around $18 billion, with a strong loss of 7.50%. It appears that the buyers are still not able to gain any traction, with the selling pressure clearly dominating the market. The 24-hour trading volume of the XRP coin is valued at $1,815,270,590, with a fall of 2.07%.

The technical indicators on the daily chart are also in favor of the bearish trend, as the Relative Strength Index has dropped further into the oversold region, displaying a negative crossover that signals sellers are dominating and pushing XRP downward. This is suggestive of a robust bearish trend. Currently, the RSI is at 41.05 and is expected to stay in the bearish territory for some time.

The MACD indicator on the daily chart is also bearish, with the MACD line crossing below the signal line and further extending its downward trajectory. Additionally, the current price is below the moving average indicator at 0.3744 USD, as the 50-day MA and 200-day MA are both heading downward.

Overall, the Ripple price analysis shows a strong bearish trend in the market as it plummets to its current price level of 0.3638 USD. The technical indicators also favor further decline in prices until there is a shift in momentum from sellers to buyers. The next target for Ripple is likely to be $0.35. However, if it breaks the support, then further downfall can be expected.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Bears Rule GRT Market After Bulls Failed to Break Resistance Levels

https://coinedition.com/bears-rule-grt-market-after-bulls-failed-to-break-resistance-levels/

  • GRT token shows a negative trend in the market, with the bears strongly dominating.
  • The support level for the cryptocurrency is present at the $0.1225 level.
  • Currently, GRT is trading at the $0.1234 level, indicating that there is a strong bearish sentiment.

The Graph price analysis shows that it is trading in a negative environment, with the bears having a strong grip on the market. GRT is currently standing at the low of $0.1225, with a loss of more than 7.10% in the last 24 hours of trading. The GRT token continues to move in a bearish channel, with the bears having more control over the market.

The current trend, if it continues to remain bearish, could lead to the GRT token falling below the $0.1225 support level. The resistance level for the GRT token is set at $0.1245, with a break above this level bringing bullish sentiment back into the market. However, if the bears can maintain control and push the price lower, then it could lead to more downside pressure on the GRT token.

The volume analysis also indicates a continued negative trend for the GRT token. The trading volume has been falling steadily since the past week and is currently at a low of $56 million. The market cap stands at $1.08 billion, having a loss of 7.11% over the last 24 hours.

The daily chart for the Graph price analysis shows that the bears are in full control of the market as selling pressure continues to increase. The bearish pressure has been dominating the market over the past few days and could continue to do so in the upcoming days. The market for today opened today’s session at $0.128, but the bearish pressure has seen the price fall to the current level of $0.1234.

The technical indicators for the GRT token are also trending downwards, with the Relative Strength Index (RSI) currently at a level of 41.63, indicating that the bearish momentum is still strong and could cause further downside pressure in the upcoming days. Additionally, the RSI is in the oversold region, which could lead to a short-term reversal in the market.

The 20-SMA and 50-SMA indicators also show that the GRT token continues to remain in a bearish zone. This indicates that there is still strong selling pressure in the market, and if it persists, then it could lead to further losses for the GRT token. The daily moving average (MA) value is at $0.1412, indicating that there is still an uphill battle for the bulls in order to break this resistance level.

GRT/USD 1-day price chart Source: (TradingView)

Looking ahead, The decrease in volatility is an indication of the consolidation phase that the GRT market is currently in. The Bollinger Bands are trending downward, with the upper band at $0.1814, which may act as a strong resistance level in the near term, while the lower band at $0.1241 could be seen as a strong support level.

Overall, the GRT market is currently under a bearish sentiment, with the bulls failing to push past key resistance levels. The support level for the cryptocurrency is present at $0.1225, and if this level is broken, then it could lead to further losses for the GRT token. The selling pressure is still strong and could continue dominating the market in the upcoming days.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Bearish Momentum in ALGO Market Persists after a Strong Selloff

https://coinedition.com/bearish-momentum-in-algo-market-persists-after-a-strong-selloff/

  • As bulls lose steam, the ALGO token is dominating the bearish sentiment.
  • The Algorand price is at $0.2121, down 3.09% over the past 24 hours.
  • If bears remain in control and the ALGO may target the $0.2103 support level.

The Algorand price analysis reveals that a bearish trend has been dominating the market today. The bulls have failed to push the price back above this level since then, which indicates that bears are gaining momentum. Moreover, ALGO has broken below an ascending trendline and is currently trading below the $0.2202 resistance level.

Most of the cryptocurrencies today are also trading in the red, with the top coins like Bitcoin and Ethereum also losing some of their value. Therefore, it looks like a bearish sentiment is dominating the entire market, and investors should exercise caution when making any investments in cryptocurrencies.

Both the market cap and trading volume of ALGO have significantly dropped in the past few hours, indicating that investors are still not completely convinced about the potential of this cryptocurrency. Currently, the 24-hour trading volume is at $55 million, with a decrease of 12%, And the market cap is at $1.50 billion, with a decrease of 3.63%.

The Algorand price analysis is currently trading at $0.2121, which is down 3.09% over the past 24 hours. If bears remain in control, then the ALGO may target the $0.2103 support level as its next destination, which may see further losses.

On the other hand, if the bulls manage to gain momentum and push the price above the $0.2202 resistance level once again, then ALGO may be able to make a comeback to recent levels and start moving higher. However, at this point in time, it looks unlikely that the bulls will be able to take control of the market as the bearish sentiment continues to dominate.

The technical indicators of the Algorand price analysis also suggest that bears are currently in control. The stochastic RSI reading of the ALGO is currently at 32.24, which points to a bearish trend in the market. Moreover, the RSI is heading toward the oversold region, with more losses expected in the coming hours.

The volatility is also quite low in the market, with the Bollinger Bands showing relatively narrow trading ranges. The upper Bollinger Band is currently at $0.2944, and the lower Bollinger Band is at $0.2074, indicating that volatility could remain low in the market for a while. The moving average indicator is also below the price action at $0.2306, further confirming a bearish trend in the market.

To sum up, the Algorand price analysis shows that ALGO/USD token pair faces rejection at $0.2202 after a strong selloff, and bears are currently dominating the market sentiment. The selling pressure is likely to remain strong in the coming hours, and a retest of the $0.2103 support level if bearish persists.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Bulls Capture Binance coin (BNB) Market as Buying Pressure Builds Up

https://coinedition.com/bulls-capture-binance-coin-bnb-market-as-buying-pressure-builds-up/

  • Binance coin shows a positive trend at $286.92 as the bulls drive the market higher.
  • The BNB/USD has surged by over 0.60% in the last 24 hours after a bullish run.
  • A resistance level for the BNB token has been formed near $289.53.

The recent Binance coin price analysis indicates that the BNB/USD pair is currently trading above the $283.95 level, which is a key support level for bulls. After a brief period of a fall, the bulls have taken control of the market and are currently recovering. The current market price of BNB stands at $286.92, which is 0.60 percent higher than the opening day’s value of $287.24.

The last 24 hours of trading activity have been relatively positive for bulls, with the daily volume increasing to $325 million. This indicates that buyers are becoming increasingly bullish on the BNB token and may be pushing the price higher while the market cap is also at an all-time daily high of $45 billion.

According to the one-day price chart, the current BNB/USD pair is trading near a resistance level of $289.53. If bulls manage to break this barrier, then it may open up room for further upside potential in the market. On the other hand, there is strong support at the $283.95 level, and any sell-off below this level could spell trouble for buyers.

The technical rating indicator is flashing a strong buying signal, indicating that bulls have the upper hand in the short-term market. The relative strength index (RSI) is currently indicating a bullish market environment with readings above 50, and the indices may soon see an upward trend in prices. However, the RSI is fast approaching overbought levels at 73.95, which could indicate a period of consolidation ahead for these assets.

BNB/USD 1-day price chart: TradingView

BNB/USD shows high volatility in the short term, with the upper limit of Bolinger bands at $321.8 and a lower limit set to $284.2. With the current market sentiment favoring bulls, traders can expect a breakout above this range in the upcoming days as the Binance coin is expected to continue its uptrend. The 50-day and 200-day moving averages are also converging, which could indicate a strong bull run ahead for BNB.

On the hourly chart for the BNB token, the bulls are still in full control of the market. The Binance coin has been trading in range-bound between $283.95 – $289.53 for the past few hours, and buyers are most likely to break out of this range soon. The price is currently trading above the moving average indicator at $286.9, which indicates that a bullish market may be on the horizon for BNB/USD.

BNB/USD 4-hour price chart: TradingView

The shorter-term SMA 20 is above the SMA 50, and volatility on the 4-hour chart appears to be average. Both the upper and lower bounds of Bollinger Bands are visible at $292.5 and $284.8, respectively. From an hourly perspective, RSI indicates a stable 38.55 reading with flat curves implying that buyers are still in the game.

In conclusion, BNB/USD is currently trading with bullish sentiment, and the bulls have already taken control of the market. The resistance level at $289.53 may become a critical point for buyers to break above, as this would open room for further upside momentum in price. The indicators also point toward a positive trend in prices, and traders should watch out for any sudden movements in the coming hours.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

SAND Trades in Bearish Triangle Pattern as Bulls Hold Above $0.60 Level

https://coinedition.com/sand-trades-in-bearish-triangle-pattern-as-bulls-hold-above-0-60-level/

  • SAND token dipped from highs of $0.6258 to lows of $0.6016 in a triangle formation.
  • Bearish sentiment across the market has dragged SAND lower and is expected to remain volatile over the coming weeks.
  • The $0.60 key support remains crucial for the SAND token, with a failure to hold this level likely to see further price declines.

The Sandbox token price analysis for today shows SAND is trading in a bearish triangle pattern; this suggests further losses in the near future if bulls fail to defend the $0.60 level. The overall market sentiment has been bearish, with investors fleeing most altcoins over the past 24 hours.

Short-term technical analysis of SAND reveals further losses are likely if prices fail to hold above $0.60 and break below the triangle formation. If this occurs, SAND could test lows of $0.58 and potentially slip below $0.50 in the days ahead.

SAND/USD price chart   (Source: TradingView)

On the upside, bulls need to defend the $0.60 support level and push prices back above $0.63 for a chance at recovery over the coming weeks. Further gains are likely if SAND manages to break above the triangle formation and climb back above $0.70 in the days ahead.

Looking at the Fib retracement tool, SAND needs to break above the 50% mark at $0.70 for a chance at further gains in the near future. The key support that needs to be defended is the $0.60 level, with any break below this setting up further losses in the near future.

SAND/USD 4-hour chart: (Source: TradingView)

The technical indicators on the daily timeframe are displaying bearish signals, with the MACD trending lower and the RSI slipping below 50. This suggests SAND is likely to remain volatile over the coming week and could slip further if bulls fail to defend the $0.60 level.

On the 4-hour chart, a bearish continuation pattern is forming, with the 50-MA trending lower and the MACD confirming further losses. This suggests SAND could slip further in the days ahead if bulls fail to push prices back above $0.63.

Overall, SAND continues to trade at lows of $0.6084 following bearish sentiment across the entire crypto market. The immediate key support of $0.60 remains crucial for the SAND token, with a failure to hold this level likely to see further price declines. Bulls need to defend this level and push prices back above $0.63 for a chance at recovery over the coming weeks.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.