https://news.bitcoin.com/biggest-movers-ltc-snaps-losing-streak-sol-moves-7-lower/

Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rose for the first time since Saturday’s session, when prices were above $100.00. On the other hand, solana extended recent declines, falling by as much as 7%.

Litecoin (LTC)

Litecoin (LTC) ended a four-day losing streak on Wednesday, as prices moved away from a recent support zone.

LTC/USD rose to an intraday high of $95.36 earlier in today’s session, which comes 24 hours after falling to a low of $92.48.

Since hitting a price floor of $91.50 to start the week, litecoin bulls have somewhat resurfaced.

This has also delayed what many expected to be an inevitable downward crossover, between the 10-day (red) moving average, and its 25-day (blue) counterpart.

Both trend lines now seem to be heading upwards, and this comes as the relative strength index (RSI) also climbed.

The index is now tracking at 50.44, after bulls rejected a breakout of a floor at 49.00.

Solana (SOL)

Solana (SOL), on the other hand, extended recent declines, as the token remained in the red for a second straight day.

Following a high of $25.43 on Tuesday, SOL/USD slipped to a bottom of $23.38 earlier in the session.

On the other side of the spectrum, recent bearish sentiment has risen following a false breakout of a ceiling at $26.50 earlier this week.

This comes as the RSI, which is tracking at 52.58, now looks set to collide with a long-term support point at 50.00.

A glimmer of hope does exist however, with the 10-day (red) moving average crossing over the 25-day (blue) trend line, which is typically a sign of upward momentum.

Should this happen, there is a strong chance that SOL could move beyond a ceiling at $26.50 in the upcoming days.

Register your email here to get weekly price analysis updates sent to your inbox:

Will solana rebound from its recent losses this week? Let us know your thoughts in the comments.

https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-falls-below-24000-ahead-of-fomc-minutes/

Bitcoin extended recent declines on Feb. 22, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Following a recent move to a multi-month high, prices have slipped, with traders instead protecting profits. Ethereum has also declined, however remains above the $1,600 mark.

Bitcoin

Bitcoin (BTC) extended recent declines on Wednesday, as markets began to anticipate the upcoming FOMC minutes report.

Today’s report will shed light on the Federal Reserve’s current view of the U.S. economy, in light of last month’s 25-basis-point hike.

As a result, BTC/USD fell to an intraday low of $23,902.54 on hump-day, less than 24 hours after hitting a high of $24,824.10.

The decline comes following two breakouts, first the 14-day relative strength index (RSI) moving below a support point at 61.00, plus prices falling under $24,200.

Currently, the index is tracking at a reading of 59.24, which is its weakest point since February 14.

A floor at 58.00 awaits remaining bulls, which could potentially help ease the current bleeding in prices.

Ethereum

In addition to BTC, ethereum (ETH) was in the red for a second consecutive session, breaking out of a key support point in the process.

Following a high of $1,682.78 on Tuesday, ETH/USD slipped to a bottom of $1,628.69 earlier in the day.

Today’s drop came as ethereum moved further below a long-term support zone at the $1,675 mark, with $1,625 acting as an interim floor.

Since hitting this low, bulls have somewhat reentered the market, with ethereum now trading at $1,643.32.

Price strength has also plunged, with a floor of 57.00 giving way earlier in the session, with the RSI now tracking at 53.76.

Overall, ethereum is still trading nearly 6% higher from the same time last week.

Register your email here to get weekly price analysis updates sent to your inbox:

Do you believe ethereum could fall below $1,600 in the coming days? Leave your thoughts in the comments below.

https://news.bitcoin.com/biggest-movers-bch-hits-fresh-multi-month-high-whilst-matic-extends-declines/

Bitcoin cash jumped to a fresh seven-month high on Tuesday, as prices rallied, despite bearish sentiment increasing. Today’s move comes as the global cryptocurrency market cap is trading 1.50% lower at the time of writing. One of the most notable tokens to fall has been polygon, which dropped for a fourth straight day.

Bitcoin Cash (BCH)

Bitcoin cash (BCH) surged to a fresh multi-month high on Tuesday, despite sentiment in crypto markets turning bearish.

Following a low of $143.19 to start the week, BCH/USD moved to an intraday high of $152.71 in today’s session.

As a result of this surge, bitcoin cash moved to its highest point since July 31, which is the last time price was above $150.00.

Overall, BCH is up nearly 20% in the last seven days, with today’s gains following a breakout on the relative strength index (RSI).

Price strength moved beyond a ceiling at 68.00, and at the time of writing, is tracking at 69.88.

Despite the next visible ceiling being at 71.00, earlier gains have begun to ease, with bulls opting to secure profits.

Polygon (MATIC)

Polygon (MATIC) was one of last week’s big movers, however it has now fallen for a fourth straight session.

MATIC/USD dropped to a bottom at $1.41 on Tuesday, less than a day after price was trading at $1.50.

On Saturday, polygon bulls pushed prices deep into overbought territory by leading the token to its strongest point since last April.

As a result of this over-buying, bears saw this as an opportunity to reenter the market, sending the RSI from a high of 75.10, to a current reading of 62.70.

The index is now hovering marginally above a floor at 62.00, and should this be broken, bears could attempt to extend recent declines.

Register your email here to get weekly price analysis updates sent to your inbox:

Will polygon rebound from its recent losses this week? Let us know your thoughts in the comments.

https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-consolidates-on-tuesday-following-8-month-high/

Bitcoin retreated from earlier highs during Tuesday’s session, as sentiment shifted following a move to a multi-month high. Prices surged to their highest point since last August earlier in the day, prior to a red wave sweeping through the market. Ethereum has also dropped, falling below $1,700.

Bitcoin

Bitcoin (BTC) fell from earlier highs on Tuesday, as momentum in cryptocurrency markets rapidly changed as the day has progressed.

Following a high of $25,126.85 earlier in today’s session, BTC/USD has since gone on to fall to a low of $24,642.57.

Tuesday’s earlier high sent the world’s largest cryptocurrency to its strongest point since June 13.

Overall, prices slipped as bulls were unable to force a breakout of a resistance level at the $25,200 mark.

In addition to this, the relative strength index (RSI) also failed to move beyond its own ceiling at 66.00.

As of writing, the index is tracking at 63.29, which is marginally above a support zone at 61.00.

Ethereum

Ethereum (ETH) also moved lower in today’s session, as bears pushed prices below the $1,700 level.

ETH/USD plunged to an intraday low of $1,671.98 on Tuesday, less than 24 hours after trading at a peak of $1,714.29.

Today’s drop sees ethereum move below its long-term support point at the $1,675 mark, which has been mainly stable for the past week.

Like with BTC, the decline in prices comes as the 14-day RSI retreated from a recent ceiling at 61.00.

As of writing, the index is now tracking at a reading of 57.28, and appears to be rapidly nearing a floor of 57.00.

Should bears hit this bottom, ETH will likely be trading below $1,650.

Register your email here to get weekly price analysis updates sent to your inbox:

Are markets consolidating looking ahead to tomorrow’s FOMC minutes? Leave your thoughts in the comments below.

https://news.bitcoin.com/biggest-movers-sol-11-higher-bch-hits-strongest-point-since-july/

Solana rose by as much as 11% to start the week, as the token moved higher for a fourth consecutive session. Market sentiment has mostly been bullish in the past two weeks, leading to prices hitting a multi-month high on Monday. Bitcoin cash also surged, climbing to its strongest level since July.

Solana (SOL)

Solana (SOL) rose by over 11% in Monday’s session, as the token raced to a multi-month high earlier in the day.

Following a low of $24.04 on Sunday, SOL/USD surged to an intraday peak of $26.93 to start the week.

As a result of this move, solana climbed to its highest level since November 8, when price hit a high of $31.78.

This is the fourth straight session that solana has risen, with prices breaking out of a key resistance level of $26.00 in the process.

In addition to this, the 14-day relative strength index (RSI) has moved beyond a ceiling of its own at 62.00.

Currently, the index is tracking at 63.58, and should it continue in this upward direction, SOL could hit $30.00 in the coming days.

Bitcoin Cash (BCH)

Another notable gainer on Monday has been bitcoin cash (BCH), which also moved to its highest point in the past several months..

BCH/USD raced to a high of $146.83 earlier in the day, which comes after trading at a bottom of $134.55 on Sunday.

The rally took bitcoin cash to a point not seen since July 31, when the cryptocurrency traded above $150.00.

This comes as the 10-day (red) moving average nears a crossover with its 25-day (blue) counterpart.

Additionally, the RSI has also moved to a 16-day high, and is tracking at 65.85, which is near a ceiling of 66.00.

Should price strength pass this hurdle, then BCH bulls will likely recapture the $150.00 mark.

Register your email here to get weekly price analysis updates sent to your inbox:

What is behind today’s rally in bitcoin cash? Let us know your thoughts in the comments.

https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-bitcoin-hits-25000-following-moving-average-death-cross/

Bitcoin was hovering close to $25,000 on Feb. 20, as cryptocurrency markets traded close to recent highs. Markets started the week partially in the green, ahead of a key week of economic data. The United States FOMC (Federal Open Market Committee) will release its latest minutes on Wednesday, followed by U.S. gross domestic product data on Thursday. Ethereum continues to trade above $1,700 today.

Bitcoin

Bitcoin (BTC) remained close to the $25,000 level to start the week, as market sentiment shifted towards bulls.

Following a high of $25,093.06 on Sunday, BTC/USD is currently trading at $24,909.03 at the time of writing.

Monday’s move comes as prices bounced from a recent support point at $24,200, and now appear to be on course for a ceiling $1,000 away.

Overall, the catalyst of this surge appears to be the 10-day (red) moving average, which crossed its 25-day (blue) counterpart over the weekend, in a move known as a “death cross.”

In addition to this, the relative strength index (RSI) once again moved beyond a resistance point at 64.00.

As of writing, the index is currently tracking at 65.88, which is marginally below a hurdle at 66.00, and this could be a reason why BTC has fallen from earlier highs.

Ethereum

Ethereum (ETH) has mostly traded higher in the past 24 hours, with prices remaining above $1,700.

ETH/USD moved to a peak of $1,718.95 earlier in the day, which comes after falling to a low of $1,659.30 on Sunday.

Like with bitcoin, the gain took place as prices bounced from a recent floor — on this occasion the $1,675 mark.

An upwards crossover of moving averages has also occurred in today’s session, which is usually a sign of a change in market momentum.

Should this be the case, then there is a strong possibility that ethereum bulls could target $1,800, which hasn’t been hit since September.

In order to potentially move towards this level, an upcoming hurdle of 67.00 on the RSI indicator must first be overcome.

Register your email here to get weekly price analysis updates sent to your inbox:

Could ethereum hit $1,800 before the end of the week? Leave your thoughts in the comments below.

https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-falls-below-25000-following-recent-surge/

Bitcoin fell below the $25,000 mark on Friday, as markets moved into consolidation, following recent gains. Prices fell by almost $1,700 in the last 24 hours, with the global cryptocurrency market cap down 1.89% as of writing. Ethereum also dropped, after breaking into the $1,700 level on Thursday.

Bitcoin

Bitcoin (BTC) fell sharply below a high above $25,000 on Friday, as crypto markets moved into consolidation.

BTC/USD dropped to an intraday low of $23,460.76 during today’s session, which comes a day after hitting a high of $25,134.12.

The sell-off seems to have occurred as a result of bitcoin bulls being unable to maintain a breakout of a ceiling at $24,200.

Looking at the chart, the 14-day relative strength index (RSI) also moved back below its own resistance level at 65.00.

As of writing, price strength is currently at a reading of 61.89, which isn’t too far off from a support of 59.00.

BTC has already begun to rebound from its earlier lows, with prices now trading at $23,820.98 at the time of writing.

Ethereum

Ethereum’s (ETH) decline was more on the subtle side, with prices remaining relatively close to the $1,700 mark.

Following a high of $1,732.80 on Thursday, ETH/USD is currently trading at $1,636.17 in today’s session.

Similar to BTC, ETH fell below a key resistance level of $1,675 on its way to its current price point.

The decline coincided with the RSI failing to break out of a ceiling at 60.00. It is currently tracking at 58.90.

A positive, however, is that the 10-day (red) moving average is no longer downward facing, with the potential for a swift upwards cross faintly on the cards.

Should this occur, there is a strong possibility that ethereum will not only move back above $1,700, but potentially closer to $1,800.

Register your email here to get weekly price analysis updates sent to your inbox:

Will we see further consolidation this coming weekend? Leave your thoughts in the comments below.

https://news.bitcoin.com/biggest-movers-doge-shib-surge-as-elon-musk-tweets-dog-ceo-pictures/

Dogecoin rallied on Feb. 15, as Elon Musk tweeted a picture of a Shiba Inu dog, with the caption: “The new CEO of Twitter is amazing.” Following this tweet, both dogecoin and shiba inu surged, extending recent gains. Overall, the global cryptocurrency market cap is 2.42% higher as of writing.

Dogecoin (DOGE)

Dogecoin (DOGE) rose by as much as 6% on Wednesday, as markets reacted to tweets from Tesla CEO Elon Musk.

DOGE/USD surged to an intraday high of $0.08707 earlier in today’s session, which comes a day after trading at a bottom of $0.08141.

Today’s move saw the meme coin climb for a second straight session, breaking out of a resistance level at $0.0840 in the process.

Upside momentum comes as the 14-day relative strength index (RSI) surged, and as of writing it is tracking at 50.81

Price strength has now risen to its highest point in nearly a week, and is fast approaching a ceiling at 52.00.

As a result of this, earlier gains have somewhat eased, with dogecoin now trading at $0.08656.

Shiba Inu (SHIB)

Shiba inu (SHIB) also rose for a second consecutive day, breaking out of a resistance level of its own.

Following a low of $0.00001222 on Tuesday, SHIB/USD raced to an intraday high of $0.00001313 earlier in the day.

Like with dogecoin, today’s rally saw the meme coin race past a ceiling at $0.00001285, climbing by nearly 6% in the process.

As can be seen from the chart, there was also a breakout on the RSI indicator, which moved beyond a ceiling at 55.00

Currently, the index is tracking at 56.95, with the nearest point of resistance at the 61.00 mark.

There is a chance that early bulls will opt to take profit close to this point, as overall market sentiment remains partially bearish.

Register your email here to get weekly price analysis updates sent to your inbox:

Could meme coins continue to rally as the week progresses? Let us know your thoughts in the comments.

https://news.bitcoin.com/biggest-movers-sol-rebounds-trx-up-for-fifth-straight-session/

Solana was one of Tuesday’s notable movers, as the token rebounded from losses to start the week. The move comes despite U.S. inflation figures missing expectations. Consumer prices came in at 6.4%, higher than the 6.2% many had forecasted. Tron rose for a fifth consecutive session on Tuesday.

Solana (SOL)

Solana (SOL) rose by as much as 5% on Tuesday, as prices climbed back above a recent support level.

SOL/USD surged to an intraday high of $21.70 earlier in today’s session, which comes a day after trading at a bottom of $19.87.

Today’s move saw the token reenter its $20.00 price floor, after a failed breakout attempt to start the week.

Recent momentum in solana has been largely bearish, and comes following a downwards crossover of the 10-day (red), and 25-day (blue) moving averages.

However, bulls have moved to halt any further sell-offs, as the relative strength index (RSI) maintained a floor at 42.00

As of writing, the index is tracking at 47.46, with the 50.00 mark the next visible point of resistance.

Tron (TRX)

Tron (TRX) climbed higher for a fifth straight session on Tuesday, breaking out of a recent ceiling in the process.

Following a low of $0.06414 to start the week, TRX/USD raced to an intraday high of $0.06638 earlier in the day.

Tuesday’s surge pushed tron to its highest point since last Thursday, which comes after prices broke out of a ceiling at $0.06565.

Looking at the chart, overall sentiment in TRX has largely been bullish in recent weeks, with moving averages trending upwards.

This may be tested in upcoming days, with the RSI, which is currently tracking at 61.53, edging close to a ceiling at 63.00.

Previous bulls could look to secure gains as we approach this point, in turn giving way for sellers to re-enter the market.

Register your email here to get weekly price analysis updates sent to your inbox:

What will the Federal Reserve do, with inflation slowing less than expected? Let us know your thoughts in the comments.