https://nulltx.com/?p=110447

Lido DAO has shown no sign of weakness despite the ongoing correction across the crypto market. The price continues to increase by the day.

During the 2022 bear cycle, Lido DAO established solid support at $0.44 and $0.88, respectively, before starting to show signs of strength that led to this year’s positive rally.

Taking advantage of this week’s indecisiveness, the price continued to rise while some altcoins lost some chunk of dollars over the past hours. The price has slightly retraced down today – looking for support on the lower timeframe.

LDO keeps pushing strong to close the month in a bullish mode to preserve the 100% gains registered over the past 30 days. So far, the price has tripled since the start of the year.

Heavy buying pressure should be expected as soon as trading volume increases. Last August’s high remains a crucial level for a retest. 

A noticeable drawdown from that area could generate small sell pressure – it will become severe if the price slips beneath last week’s support. 

Meanwhile, the asset has been witnessing a serious volatility contraction from $1.8, indicating signs of accumulation. That could trigger a big expansion in a short period.

It looks extremely bullish on the weekly outlook as the price breaks out of the structure. The price is still up by 7% in a week despite the latest reduction.

LDO’s Key Level To Watch

An expansion above the previous resistance of $3.34 should trigger a quick rally to $3.5, followed by $3, marked as May 2022 high. A push above it could put the price significantly towards $4.2 

While the $3.1 level – last August’s high – remains a retest point, the immediate support levels to keep an eye on are $2.84 and $2.64 in case of heavy drops. The lower support levels to consider are $2.3 and $1.85, where the price surged through in January.

Key Resistance Levels: $3.5, $3.9, $4.2

Key Support Levels: $3.1, $2.84, $2.64

• Spot Price: $3.2
• Trend: Bullish
• Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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https://nulltx.com/cardano-price-analysis-prediction-march-2nd-ada-may-roll-lower-if-the-price-cracks-this-support-down-11-in-a-week/

Cardano resumed bearish last week after marking a multi-month high at $0.42. After trading calmly above the monthly low for two days, it is now trying to initiate another sell-off due to the latest reduction across the crypto space.

The month of February has appeared to be a correction phase for some top altcoins as they tumble into their previous monthly low. Cardano is getting its fair share as it saw a substantial decrease in the past week.

After dropping to the $0.35 level last weekend, which currently serves as support, the price bounced off that level briefly and closed the weekly price at $0.37. It is currently changing hands at around $0.36 following an 0.7% loss overnight.

Cardano’s bears seemed to be stepping back into the market. The price could drop to a new weekly low if it loses the above support level. The price chart shows that the bears are still trying to gather momentum.

However, if the bulls react to this support level once again, we may see an increase above last week’s closing price mentioned earlier. A notable increase above it will signal a continuation of the short-term bullish, which has been in play since the yearly opening.

The current market structure looks bearish with a potential double-top pattern on the daily chart. This pattern will activate a heavy bloodbath if the price plummets through the support.

Cardano’s Key Levels To Watch

Even though the price fell through that support, it will still need to bridge $0.345 before it can further to $0.326 – which marks the first pullback level in January. The lower support level to consider lies at $0.3 and $0.27.

Cardano’s resistance is held closely at $0.376 in case of an increase. The subsequent resistance level to watch is $0.4 and $0.42, where it recently initiated bearish. A higher resistance level is located at $0.44 and $0.48.

Key Resistance Levels: $0.376, $0.4, $0.44

Key Support Levels: $0.345, $0.326, $0.30

• Spot Price: $0.36
• Trend: Bearish
• Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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https://nulltx.com/bitcoin-price-analysis-prediction-march-1st-btc-loses-24k-amid-fresh-sell-where-next/

This month came with a retracement after weeks of positive momentum. Bitcoin later found support and bounced back with about 18% gains but failed to extend bullishly. It is now following a negative sentiment.

Bitcoin has started to show signs of weakness again after losing grip above the critical $25k level in the past week. It continued to take a downturn this week as the price further rolled below another important $24k yesterday.

In the quest to retake this week’s lost level, the leading cryptocurrency could face a small hurdle due to the ongoing weakness in price. Gauging from past days of reductions, Bitcoin is expected to shed more losses in the coming days.

Meanwhile, the price has been reacting to the $23.6k level for the past 48 hours. What is uncertain right now is how long it can hold that level. But if the price manages to plunge beneath last week’s low, we should expect a heavy drop in no time.

Even at that, there’s still hope for the buyers as long as the price respects the diagonal support line drawn on the daily chart. A steep drop below this line will trigger more sell actions.

While many positions have been liquidated on futures over the past few days, a lot of buyers are similarly trapped on spot. More pains can be expected if Bitcoin’s price continues to drop.

Bitcoin’s Key Levels To Watch

In the meantime, the immediate support level to watch out for is $23,463, followed by lower support at $22,306. There are also support levels at $21,552 and $20,600 in case of a breakdown.

If Bitcoin shows strength and rebounds above the immediate support, the closest resistance level to watch is $24,277. The $25,255 resistance remains a critical level for a breakup. Above it lies $26,728 and $28,000.

Key Resistance Levels: $24,277, $25,255, $26,728

Key Support Levels: $23,463, $22,306, $21,552

• Spot Price: $23,890
• Trend: Bearish
• Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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https://nulltx.com/ripple-price-analysis-prediction-feb-28th-xrp-consolidates-under-resistance-following-sharp-rejection-where-next/

The price of XRP increased by 6.2% in the past week following a monthly recovery above $0.36. It is currently in the middle of consolidation and will likely move out of the phase soon.

Ripple found support above the $0.36 level and has managed to recover briefly in the past week with a retest at the $0.4 level. It attempted to push higher but the resistance level continues to suppress bullish actions.

Today, it shows little signs of weakness due to a rejection at the above resistance level. XRP is priced at $0.39 with 1.6% losses over the past hours. The sellers are showing interest. A dip below the previous recovery level will give the bears an upper hand.

Despite the past days of recovery, the price is still looking indecisive. An increase above the mentioned resistance level could trigger a surge in volatility. However, it needs to retake the previous high before we can validate a strong buy. As of now, the price is trapped in the middle of consolidation.

Meanwhile, the ongoing lack of interest indicates low trading activity over the past few days. We can expect decent volatility as soon as volumes start to troop into the market again.

Ripple’s Key Level To Watch

While the price has remained under the $0.4 resistance level for a week now, the resistance level to keep in mind above it is $0.42. The following resistance level is $0.444 and potentially $0.488.

if by any means XRP lost this week’s support at $0.38, there’s an hourly support level at $0.373 and $0.36 – which marks a recent recovery level. Below it lies $0.35 and $0.33 supports. The $0.3 support remains the last defense line for the bulls from a short-term perspective.

Key Resistance Levels: $0.4, $0.42, $0.444

Key Support Levels: $0.373, $0.35, $0.33

• Spot Price: $0.39
• Trend: Bearish
• Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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https://nulltx.com/dogelon-mars-price-analysis-prediction-feb-28th-elon-approaches-crucial-zone-after-notable-increase-can-it-breakthrough/

The meme coin market continues to rise along with Elon as it recently resumes positive actions after a decent pullback. The asset could gain huge trading attention as the price approaches a breakpoint.

Elon continued to maintain its upward movement after locating support at the $0.000000356 level weeks back. The rebound was followed by a 23% gain in the last 7 days of trading. 

While it has been gaining traction in the past months, the coin managed to increase to $0.00000052 last week but could not sustain buying pressure above it. This week might see the price breakout of structure if the buyers respond well to price actions. 

The key breakpoint for a potential rally lies between the $0.00000058 and $0.0000006 price ranges, which marks a 9-month supply zone for the meme coin. Meanwhile, it is trying to recover from last weekend’s loss to keep the bulls on track.

If the price fails to flip the mentioned supply zone, Elon will remain trapped under the bears’ radar on a long-term perspective until it gets off the hook. However, it is still following a bullish sentiment on the daily chart with an 85% increase in two months.

A clear break out of this zone will trigger a massive buy towards the $0.000001 price level within a short timeframe. For now, the price is calm around $0.00000047.

ELON’s Key Levels To Watch

Elon’s recovery has attracted a lot of buyers over the past week. If the price advances higher this week, the resistance level to keep in mind lies at $0.00000055, followed by the supply zone mentioned earlier. 

Tapping the $0.00000063 resistance level on a breakout, the resistance to watch next is $0.00000074 and $0.00000085.

On the other hand, the first support level to watch for a potential decline is $0.000000432. There’s also hidden support at $0.000000395 before losing further to $0.000000355 and perhaps $0.0000003.

Key Resistance Levels: $0.00000055, $0.00000063, $0.00000074

Key Support Levels: $0.000000432, $0.000000355, 0.0000003

• Spot Price: $0.00000043
• Trend: Bullish
• Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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https://nulltx.com/polygon-price-analysis-prediction-feb-23rd-matic-reaches-exhaustion-after-doubling-its-price-in-two-months/

After months of recovery, Polygon’s price increased by 100% this year to test the April 2022 breakdown level. It rejected that level yesterday and slipped slowly – now looking for solid support.

Last week saw MATIC through its first major correction of the month after marking a 9-month resistance at $1.365 – which now serves as a support level.

This week, it regained momentum and extended a bullish wave above this resistance to print a new one at $1.568. But unfortunately, the price reacted to that level, closing below the $1.5 level yesterday.

The price has dropped a bit lower today but is not significant enough to lieu the bears into the market. Despite the past 24 hours’ losses, the bulls still have the upper hand as they may refuel a rally above the $1.4 level.

Gauging price actions with the ascending channel formed on the daily chart, Matic appeared to have reached an exhaustion point. We can see that the price is recently rejected around the channel’s resistance.

The impulsive and retracement movement, forming a higher high and higher low pattern since last year June, suggests a bullish trend for Matic. But it currently looks set for another retracement, which might occur any moment from now.

Failure to retrace below the $1.3 price level could attract more buy actions in the future. The current market structure looks bullish across the higher time frame.

MATIC’s Key Levels To Watch

Considering potential support for the current reduction, the level watch out for a retest lies at this week’s flip level of $1.354. The $1.26 and $1.17 supports are the levels to watch below, followed by $1.06 around the channel’s support.

For more upside movement, Matic would need to flip the mentioned yesterday’s high before breaking higher to $1.7 and $1.88, which are standing above the channel.

Key Resistance Levels: $1.568, $1.7, $1.88

Key Support Levels: $1.354, $1.17, $1.06

• Spot Price: $1.47
• Trend: Bullish
• Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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https://nulltx.com/bitcoin-price-analysis-prediction-feb-22nd-btc-bounces-back-strong-after-slight-correction-gains-14-in-a-week/

After registering a 40% rally in the past month, Bitcoin retraced earlier this month and found support this week. It bounced back strongly and broke through the previous resistance level with a heavy surge.

BTC now trades well above the $24k level after bouncing back above $22k and reclaimed several resistance levels without any hassle. So far, it has returned 14% in seven days.

The August 2022 resistance level – $25,250 – is temporarily holding Bitcoin back in its rally after testing that level on Thursday. At the same time, this price level has recently become a nightmare for the bulls as they try to regroup back.

With many positive sentiments surrounding the giant cryptocurrency of recently, we may see more upsurge in the coming week. If Bitcoin repeats last month’s rally, the price will likely hit $29k before the end of this month.

Should the asset find it difficult to extend bullish actions above that resistance level, it may look for a nearby support level to foot a strong buy. The dynamic support to watch in this case lies on the ascending trend line connecting the $20,400 and $21,351 in the past weeks.

The price action is expected to respect this trend line in the next couple of days. If by any means the price manages to collapse this support trend line, the $20,000 and $18,500 levels that Bitcoin left in the past weeks will be the major area of retest.

Bitcoin’s Key Levels To Watch

Considering an increase above the current resistance level, the price target for an upsurge lies at $26,728 before pulling back briefly. A failed pullback could propel the price quickly to $28k within a short period.

In the meantime, the current holding support levels for Bitcoin are $24,277 and $23,463 – the recovery level from Thursday’s drops – followed by $22,306, where the support line lies.

Key Resistance Levels: $25,255, $26,728, $28,000

Key Support Levels: $24,277, $23,463, $22,306

• Spot Price: $24,600
• Trend: Bullish
• Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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https://nulltx.com/tron-price-analysis-prediction-feb-21st-trx-faces-critical-resistance-after-breaking-to-a-multi-high-level/

Tron’s price has been gaining traction lately following a lot of development that evolves around its ecosystem. However, it has performed well and has increased by 40% since the start of the year.

After witnessing a 30% rally in January, Tron went on a long squeeze and broke out to the $0.0713 resistance level during last week’s trading. But this level witnessed a quick rejection as the price wicked down. The following day saw the price nosedive sharply and lost the break level of $0.0655.

TRX later found support at $0.062 and regained momentum back to the rejected level in a week. It reinitiated a sell-off at that price yesterday but has managed to stay above the break level over the past hours.

The price is down by 4.4% at the moment. Though, buyers have reacted to the price a little. It could resume positive actions shortly.

But if the above resistance level continues to threaten the bulls, the asset could retrace lower to look for a solid rebound level. Another thing to consider for a retracement lies in a potential drop in Bitcoin’s price.

If not, we should anticipate a heavy price movement once this critical resistance level conquers. Tron remains bullish. It will have to drop below the yearly low before confirming a bearish action.

Tron’s Key Level to Watch

the cryptocurrency has just found support above the broken price level mentioned above, although not strong enough compared to the previous support at $0.062. The January pullback level of $0.0588 still holds as support in case of a heavy drawdown. 

If TRX retakes yesterday’s resistance, the closest level to keep in mind lies at $0.074, followed by a minor resistance at $0.077 before rallying high to $0.08.

Key Resistance Levels: $0.0716, $0.074, $0.08

Key Support Levels: $0.0655, $0.062, $0.0588

• Spot Price: $0.067
• Trend: Bullish
• Volatility: Low

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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https://nulltx.com/gala-price-analysis-prediction-feb-16th-gala-is-up-25-this-week-amid-recovery-likely-to-tap-more-in-the-coming-week/

After GALA saw a two-week correction, it found solid support and made a U-turn with roughly 25% gains this week. It aims at the previous high and will likely break it in the next couple of days.

A few hours after the CPI release on Tuesday, the market sentiment turned positive as GALA followed the trend. Levels are changing fast to the upside as it regains momentum by the day.

q, the cryptocurrency rejected the $0.063 level and initiated a short, which led to about 33% correction within two weeks. It later found solid support at around the $0.04 level and resumed bullish.

This bounce was driven by the recovery in Bitcoin’s price, which makes it trades well above $24k following a breakout. Gala is yet to flip its previous high as it waits for Bitcoin to calm a bit to experience a surge in volatility. 

A massive rally should be expected as soon as volatility continues to flow into the market. The mentioned rejected level may pose threat to the bulls on the way up, but a successful break will turn more green light for buying positions.

In the case of negative sentiments, which may drive the price down again, it would need to crack the current holding support before considering a deeper correction. As it appears now, the bulls are gaining control.

Gala’s Key Level To Watch Out For

Based on the current price shift, it is essential to start paying more attention to resistance levels. The immediate resistance here is the $0.057 and $0.06 levels. Higher resistance levels to watch are $0.065 and $0.073 on a breakout.

The support at $0.046 is holding as a pullback level. If it fails to produce a rebound, there is still hope at the $0.4 level, held as the weekly low. A collapse from here could slip the price to $0.0361 and potentially $0.02.

Key Resistance Levels: $0.057, $0.065, $0.073

Key Support Levels: $0.046, $0.040, $0.0361

• Spot Price: $0.0516
• Trend: Bullish
• Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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https://nulltx.com/zilliqa-price-analysis-prediction-feb-15th-zil-maintains-bullish-amid-market-crackdown-trading-in-a-channel/

The first week of the year marked high volatility for Zilliqa but later became moderate after recovering above a vital resistance level. it maintained the momentum in a shrink, waiting for an explosion.

Zilliqa’s price increased by roughly 10% overnight, taking the advantage of the market stability across the space in the last 72 hours. This increase puts the coin at the top gainer spot at the time of writing.

Volatility has been quite moderate for the past weeks as it continues to trade in an ascending channel formed on the 4 hours chart. The buying pressure looks low on the daily chart due to multiple price rejections.

Following the intra-day selling, which washed part of the recent gains to the current trading level of $0.03, ZIL has lost 4% of its price today. The $0.033 level has also been rejected. The asset is looking for nearby support.

There’s still hope for buying above the $0.028 level. The channel’s support remains important for a rebound to keep the bulls on track. If the buyers lack commitments, a potential roller coaster may cause a sudden price decline. As it stands now, the asset remains under a bullish radar.

ZIL Key Level To Watch Out For

On the daily outlook, Zilliqa struggles to increase due to a quick profit taking from the bull’s side. The bigger picture on the 4-hour chart shows that the bulls are still in control.

If the price drops lower and they initiate another entry around $0.028, we may see an increase to $0.0342. A channel breakup could propel the price straight to $0.036 and $0.038, and perhaps $0.04.

However, a breakdown from the channel could trigger a shock wave to $0.020. But before then, it may encounter support levels at $0.0265, $0.0245, and $0.0224 in succession.

Key Resistance Levels: $0.0342, $0.036, $0.038

Key Support Levels: $0.0265, $0.0245, $0.0224

• Spot Price: $0.030
• Trend: Bullish
• Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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