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• Cosmos price could be setting up for a decline towards $10.64, but a confirmation signal is needed.
• The Relative Strength Index signals the current price could be at its final level of bullish support.
• A breach above the weekly high at $13.09 could produce another upswing towards $15 in the short term.

Cosmos price is in the make-or-break situation. Traders should prepare themselves for an uptick in volatility while utilizing the key levels mentioned below.

Cosmos price nears a move

Cosmos price displays bearish signals that are unavoidably concerning. On March 2, the scalable blockchain token is on its second week of consecutive downtrend pressure as the ATOM price hovers above a descending trend line. The 3% downswing of the week has also accomplished a change of market structure as this week’s low at $12.11 is beneath the previous swing low at $12.66 that occurred on February 14.

Cosmos price currently auctions at $12.44. The Relative Strength Index (RSI), an indicator used to gauge the kinetic potential of a trend, shows the ATOM price in a make-or-break situation as the indicator hovers exactly at the 40 level. Based on classical technical analysis, anything deeper than current levels would suggest the bulls have given in, and the ATOM price could produce a much steeper decline.

This thesis proposes that traders wait for the first downswing move and then enter upon a pullback. The ideal scenario would be a breach of the descending trendline followed by a retracement outside of the boundary to enter a bearish position. If this scenario pans out, the COSMOS price could set up for a decline targeting the 61.8% retracement level of the winter rally near $10.64. The bearish scenario creates potential for a 15% decrease from Cosmos’ current market value.

ATOM/USDT 1-Week Chart

On the contrary, it is imperative for traders to wait for the confirmation signal as the descending trend line could provide support for the ATOM price and prompt an upswing. The earliest evidence to invalidate the downtrend potential would be a breach above this week’ high at $13.09.

If the bulls are successful, the Cosmos price could continue the winter rally and target the February high at $15.50, resulting in a 25% increase from Cosmos’ current market value.

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• Bitcoin price trades range bound in the mid-$23,000 zone.
• Ethereum price reduces stair-stepping price action near the $1,660 zone.
• XRP price is down 3% on the day but maintains support near $0.37.

The cryptocurrency market’s current consolidation has investors wondering if it is time to join the bulls or if the sideways price action is a smart money tactic to lure in liquidity.

Bitcoin price consolidates on neutral grounds

Bitcoin price continues to consolidate near the upper bounds of the newly established winter rally. While many investors are hoping for a steeper pullback, the peer-to-peer digital currency’s brief pause may be the final stages before the next leg up.

Bitcoin price currently auctions at $23,352. The Relative Strength Index (RSI) confounds the idea that more gains are possible as it continues to hover above the median line. The indicator may suggest that the current price levels are a fair bargain after having rallied by over 50% in six weeks.

Traders can utilize a buy-stop trading method to participate in the next trending phase of the market. A breach above the current weekly high at $24,000 could confirm that the winter rally is set to continue. The next targets lie between $26,500 and the  $27,000 liquidity zones. The bullish scenario would result in a 16% increase from Bitcoin’s current price.

BTC/USDT 1-day chart

Invalidation of the bullish thesis could arise from last week’s market low at $22,722. A breach of the barrier could trigger a downswing targeting the $20,000 level, resulting in a 14% decline from BTC’s current market value.

Ethereum price shows stair-stepping cues

Ethereum price continues to find resistance near the $1,700 zone; however, support continues to come in at higher price levels. On March 1, the Ethereum price is down nearly 3% on the day and retests a recently breached trendline while hovering above the 8-day and 21-day simple moving averages (SMAs). 

Ethereum price currently trades at $1,622. Similar to the BTC’s technicals, the Relative Strength Index also hovers above the median line after finding crucial support near the 40 levels during February 12’s decline towards the $1,500 region. On February 25, a higher support level was established near $1,587, and the decentralized smart contract token has produced stepping price action ever since.

Considering these factors, a continuation of the winter rally, which has taken ETH 36% higher since January 1, stands a a fair chance of occurring. The next key level for bulls to aim for is the $2,100 liquidity zone, resulting in a 30% increase in market value.

ETH/USDT 1-day chart

As the uptrend remains highly elevated, traders must remember to practice healthy risk management. A breach below the previous support zone at $1,587 would alter the market structure of the ascending support levels and give way to a steeper decline, targeting liquidity levels as low as $1,250. The bearish scenario would create the potential for a 24% decline from Ethereum’s current price today.

XRP price is on the cusp

XRP price is experiencing a downtick as bears have induced a 3% decline since the New York session’s opening bell. Still, the bearish Influence has not been enough to all the market structure as the Ripple price shows higher lows produced this week near the $0.37 zone.

XRP price currently auctions at $0.375. An Elliott wave count surrounding the winter rally has an impulsive wave structure with an invalidation point at Wave 1 at $0.3549. For this reason, unless a lower low is produced, the market structure still has an overall bullish sentiment, with XRP on pace to target the untagged liquidity levels near $0.44.The bullish scenario would result in a 19% increase from Ripple’s present price.

XRP/USDT 1-day chart 

Invalidation of the overall uptrend would occur with a breach of the $0.3549 level; however, early evidence to suggest a downswing was underway would be the loss of this week’s low at $0.3708. A break would open the possibility for a correction as low as $0.30, resulting in a 19% decline from XRP’s current market value.

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• MATIC price declined by 14% last week.
• The Relative Strength Index suggests MATIC’s uptrend is still intact but close to failing.
• A break above $1.31 could catalyze a challenge of February’s monthly high at $1.56.

MATIC price should remain on traders’ immediate watchlists as the technicals suggest an unfolding make-or-break situation. Risk management should remain the primary focus while utilizing the key levels mentioned below.

MATIC price in make-or-break situation

MATIC has succumbed to a bearish stronghold as the scalable smart contract token was amongst the top losers last week, falling by 14%. On March 2, the Polygon Network price continues to bear the brunt of profit-taking traders as the price was down 5% to start the week.

MATIC price currently auctions at $1.21. While the bears are undoubtedly in control, the technicals suggest joining the bears could be problematic. The Relative Strength Index (RSI) confirms the need for caution as it reads the current price as a corrective structure within the winter rally, which at its height rallied 109% from the January 1 open at $0.75 into the year-to-date high at $1.56. 

The ongoing downtrend will be considered a corrective structure until the RSI breaks below 40. If this event occurs, bears would be justified in an entry as the MATIC price could decline impulsively as low as the $0.77 zone to challenge traders who participated in the early stages of the winter bullrun.

MATIC/USDT 1-Day Chart

Nonetheless, while the RSI hovers above 40, there is always potential for a market reversal. The earliest confirmation to validate that the downtrend is due for a challenge would be a breach above the 21-day simple moving average currently positioned at $1.31. If the hurdle is surpassed, traders could place an entry with an invalidation point below this week’s low at $1.18 while aiming for a second pump toward the YTD high at $1.56. The bullish scenario would result in a 29% increase from MATIC current market value.

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• Chiliz price has traded for six weeks in the mid-$0.130 zone.
• CHZ may be setting up for a retest of last month’s high at $0.178.
• Invalidation of the bullish outlook would arise from a $0.017 swing point tag.

Chiliz price has spent several weeks consolidating near $0.13 after a massive influx of buying pressure witnessed in January. The technicals suggest bulls still have a shot at tagging higher targets.

Chillz price is building a cause

Chiliz price continues to consolidate while showing optimistic gestures. When analyzing the Volume Indicator, a clear tapering pattern has been carried on over the last six weeks. The reduced transactions come after the massive influx of a $1.26 billion dollar trading week when  CHZ  rallied 26% between January 9 and January 14.  

Chiliz price currently auctions at $0.134. The volume taper being produced may hint that smart money bulls are holding on to their initial long positions while utilizing the last six weeks to dollar cost average a second position. A Fibonacci Retracement tool surrounding the year-to-date low and highs at $0.090 and $0.170, respectively, show the current trading range as a 50% retracement, an ideal territory where downtrend corrections find a floor.

Combining these factors, the CHZ price stands a fair chance of continuing north. A conservative target zone would be a retest of the February high at $0.178, creating the potential for a 33% increase from Chiliz current market value.

CHZ/USDT 1-Week Chart

Still, traders should remember that the consolidation could expand to the downside and fill in the gaps within the Golden Pocket 61.8 FIbonacci zone near $0.123. Therefore, a breach of the $0.117 level would be needed to void the bullish potential, as it would invalidate the impulsive wave structure for CHZ established on January 1. If the breach occurs, traders can expect a decline targeting the YTD low at $0.098, resulting in a 26% decrease from the current Chiliz price today. 

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• The winter rally, which rose HBAR price 180% since January 1, remains intact amidst bearish price action.
• A decline as low as $0.049 would result in a 30% decrease in market value but could be viewed as a buying opportunity.

Hedera Hashgraph price shows short-term bearish trading within an overall strong uptrend. Traders should keep their eyes on the technicals in search of a market reversal signal.

Hedera Hashgraph price is one to watch

Hedera Hashgraph price confirmed the short-term bearish bias mentioned in previous outlooks, as the scalable smart contract token has declined by 20% in the last nine days. The recent downswing is worth keeping an eye on as it could only be a brief moment before the trend reverses and the strong impulsive winter uptrend continues towards higher targets.

Hedera Hashgraph currently auctions at $0.07. A Fibonacci retracement tool surrounding the 1.8x winter rally still deems the 20% decline as a shallow pullback. It is common for digital assets to retrace at least 38.2% and, at max, 61.8% after a strong impulsive rally occurs.

The Relative Strength Index (RSI) suggests that underlying support is still within reason for the HBAR technicals. The recent 20% decline has brought the RSI back into the median line near neutral. This is a common area for investors to begin adding into their positions, which have already achieved some profit during the previous upswing. 

HBAR price is hovering 16% above the first target zone near the 38.2% FIB level at $0.059. A decline toward the 61.8% level at $0.049 would lead to an additional 30% loss from HBAR’s current market value. These two levels could be considered buying opportunities as the winter rally may be in the beginning stages of a larger trend targeting the $0.15 and $0.20 zones in the coming months.

HBAR/USDT 3-day chart

The RSI would need to decline towards under the 40 level, or the HBAR price would need to fall lower than $0.049 to jeopardize the overall uptrend. If either scenario occurs, Hedera could decline as low as in 2022 to $0.035, resulting in a 50% decrease from HBAR current market value.

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• Bitcoin price needs to hurdle the $23,940 level to maintain the uptrend’s health
• Ethereum price faces resistance near $1,700
• XRP price is displaying strong bullish technicals on smaller time frames.

The crypto market could be displaying the final stages of consolidation before the next trends begin

Bitcoin price is a day away from the next move

Bitcoin price has traders honing in as price consolidates near the lower $23,000 region. While the BTC price trade sideways, the technical suggests that the peer-to-peer digital currency is in a make-or-break situation.

Bitcoin price currently auctions at $23,185. The Relative Strength Index (RSI) displays a clear bearish divergence pattern on the weekly and three-day time frame. The current decline tests a previous breakout zone on the RSI that catalyzed the short-term swing into the $25,265 high in February.

A pivot candle closing above the previous 3-day candlestick opening price at $23,940 will be needed. Qualify that the $23,000 zone is supportive enough to continue the winter rally. At the time of writing, the technicals are 24 hours from the next 3-day candlestick settle.

If the bulls do not accomplish a hurdle above the $23,940. In that case, traders can expect a decline to challenge liquidity levels near the $21,387 level, resulting in an 8% decline from BTC’s current market value. This target zone is extracted from a Fibonacci retracement tool that surrounds the origin point of the winter rally at $16,333 and 2023 year-to-date high at $25,250.

However, if the bulls are successful in their 3-day hurdle above the $23,940 region, traders can expect a continuation of the winter rally. The BTC price could rally as high as $27,000, a 16% increase from today’s Bitcoins price.

Ethereum price is under pressure

Ethereum price continues to face resistance near the $1,700 zone. On February 28, the decentralized smart contract token consolidated within the 8-day exponential and 21-day simple moving average while testing support from above a recently breached trendline.

Etheruem price currently auctions at $1,609. The RSI suggests that the ETH price has significant space to fall as it remains poised near the 58 level. The ETH price could remain bullish enough to continue the winter rally towards $2,100.

This leaves Ethereum’s price in a peculiar situation that should warrant healthy risk management amongst investors. A breach of the $1,352 level would suggest that the uptrend has failed. Ethereum price could decline as low as the $1,250 zone if this scenario occurs, resulting in a 24% decline from ETH’s current market value.

ETH/USDT 8-Hour Chart

On the contrary, the Ethereum price could pull off a market reversal at any time in the earliest signs to suggest that the uptrend move is underway and would be a break above the previous resistance zone near $1,650. A breach of the level will leave traders justified in opening a long position targeting the $2,100 level.  Under this scenario, bulls could keep an invalidation point beneath the Initial Wave 1 swing high at $1,352.

XRP price consolidating in bullish fashion 

XRP price is trading at $0.37. Between February 13 and February 16, the XRP price rallied 10%. When reviewing the wave structure, the rally looks impulsive. The RSI also shows a divergence near the first consolidation zone near $0.34 and this week’s low at $0.375.

Based on the bullish price action, the digital remittance token could set up a 4:1 trade idea targeting the $0.44 level. The bullish scenario creates the potential for a 20% rise from Ripple’s current market value.

Invalidation of the bullish thesis could arise from the previous swing low at $0.364. If the level is breached, traders can expect a decline targeting trading liquidity near the previous consolidation zone near $0.340, resulting in a 9% decline.

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• Ethereum Classic price fell by 5% last week.
• ETC shows potential for a 15% decline targeting the $18 zone
• The bulls will need to hurdle the $22.20 level to invalidate the bearish scenario

Ethereum Classic price is displaying bearish technicals that could be of concern. Key levels have been defined to gauge ETC’s next potential move.

Ethereum Classic price shows bearish influence

Ethereum Classic price could be rewarding bears who jumped in early last week during the uptrend spike towards the $24 zone as the technicals are alluding to an imminent downswing. On February 27, the Ethereum Classic price hovers 5% below last week’s opening price as bears maintain their stronghold near the $22 zone. 

Ethereum Classic price currently auctions at $21.30. That time of riding the 8-day exponential and 21-day simple moving averages is coiling above the current trading range, suggesting a strong liquidation event could be on the way.

Fibonacci retracement tools surrounding the start of the winter rally, from the $14.81 swing low established on December 29 and the $25.04 swing high established on February 4, show the recent downswing having breached the 38.2% retracement level for the second time this month. A second attempt at the $20 boundary could be ETC’s breaking point. If the breach occurs, the ETC prices will likely climb towards the 61% Fib level near $18, resulting in a 15% decline from the current market value. 

ETC/USDT 1-day chart

Invalidation of the bearish thesis could arrive from a break above the coiling indicators near $22.20. If the bulls hurdle this level, then the winter rally Is likely to continue, with the first Target at the monthly high near $25. The bullish scenario would create the potential for a 50% increase from ETC’s price today.

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• Solana price lost 6% of market value last week.
• Retesting the monthly low at $19.68 would result in a 12% decline and could catalyze a much larger downswing.
• Invalidation of the bearish thesis would come from a break above $23.87.

Solano price is displaying bearish cues during the final week of February. Traders should keep the centralized smart contract on their watch list for a potential bearish trade.

Solana price could retest the lows

Solana price hints at an upcoming downswing as the technicals consolidate near the mid-22 dollar zone. Last week, the SOL price witnessed a 6% decline as the bears established a weekly close beneath the 8-day exponential moving average. On February 27th, the Solanaprice continued to find resistance as  the 21-Day SMA rejected the retaliation bounce from last week’s low at $21.41.

Solano price currently auctions at $22.60. The moving average indicators suggest that shorter-term traders are building momentum to the downside. A Fibonacci retracement tool surrounding Solana’s winter rally from the low at $8 into the high at $27.12 shows a substantial amount of cushion space below. It is common for strong impulses to retrace between 50 and 61.8% of a move. The Solana price could decline as low as the $10.30 zone before the winter rally continues its next leg up. This leaves the potential for a 55% decline in Solana’s price from the current market value.

Still, traders should take one step at a time before calling an end to Solana’s Impressive 2.5x rally since December 30. The first stopping grounds for the bears would be February’s monthly low at $19.68. Such a move would result in a 12% decline from SOL’s current market value. A sweep of this low would confirm the bias that a much steeper pullback is underway.

SOL/USDT 1-Day Chart

Invalidation of the bearish thesis would arrive from a break above February’s monthly opening price at $23.87. if the bulls reconquer this level, the winter rally could continue heading north, leading to a breach of February’s high at $27.12. A retest of the monthly high would result in a 20% increase from Solanas current price.

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• Polkadot price lost 10% of its market value last week.
• DOT shows a strong potential to decline toward the $5.36 level.
• Invalidation of the bearish thesis would arise from a break above $7.04.

Polkadot price shows short-term bearish bias within an uptrend rally that began in the winter of 2023. Traders should keep their eyes open for any sudden changes to market behavior and manage risk accordingly while trading the Polkadot price.

Polkadot price due for a pullback

Polkadot price witnessed the steepest decline of 2023 as the innovative smart contract token declined by 10% last week. The strongest red day ocurred on February 25 as the bearish produced a 5% downswing in just 24 hours. At the time of writing, the DOT token remains suppressed under the strongest candles’ closing price at $6.61, which hints that more decline is possible in the future.

Polkadot price currently auctions at $6.72. On February 27, the bulls tried reconquering the 21-day simple moving average (SMA) as support but were rejected during the New York session. A Fibonacci retracement tool surrounding Polkadot’s 80% winter rally since January 1 shows the recent decline as a shallow pullback in the grand scheme of things.

Based on Fibonacci analysis, DOT could continue declining towards the 61.8% golden pocket zone near $5.36. The bearish scenario would create the potential for a 13% decline from DOT’s current trading price.

Invalidation of the bearish thesis would arise from a February 25 daily high break of the February 25 daily high at $7.04. A barrier breach would suggest that the winter rally is on pace to continue. A second retest of February’s monthly high would be the first pit-stop for the Polkadot price, resulting in a 20% incline from DOT’s current market value.

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• Ripple launches the first live Staking Trial Program.
• XRP price trades sideways after declining by 3% last week.
• A break above $0.385 is needed to invalidate the bearish case.

XRP price is enticing investors to take a speculative buy as recent innovations could lead to an out-of-nowhere style crypto rally. Still, the technicals do not suggest the move will occur, but this thesis assesses how market behavior could change and create an ideal bullish trade.

XRP price launches first-ever staking program

XRP price has witnessed a boost in market sentiment as the digital remittance blockchain company has launched the first-ever XRP Staking Trial Program. According to Ripple Labs, the first 10,000 loyal investors can receive a 12% to 27% yield by staking their XRP tokens on the program. According to Ripple Labs, the company has over 5.4 billion tokens in reserve, which will be used to guarantee safety and efficiency for investors who participate.

XRP price currently auctions at $0.377. The release of the platform was dually campaigned by top exchanges like Binance and OKEX, which has garnered mass attention to the XRP’s price action. Still, the technicals have yet to respond to the crypto innovation as the price remains sideways after declining by 3% from $0.40 last week.

Traders looking to buy the news and sell the rumor may still want to utilize healthy risk management as an uptick in volatility is likely to ensue. The XRP price is still beneath both the 8-day exponential and 21-day simple moving average (SMA), which suggests the bears are already in control of the short-term trend. The next bearish landing zone for the XRP price lies near the $0.34 level as a retest of the previous resistance. The bearish scenario creates the potential for a 9% decline in market value.

XRP/USDT 1-day chart

XRP price will need to hurdle the 21-day SMA at the $0.385 liquidity level to invalidate the bearish potential. A second attempt at the $0.385 liquidity level, will likely catalyze a rally toward the $0.44 zone, resulting in a 16% increase from XRP’s current price.

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• Ethereum Classic price has dropped 3% on the day.
• Bears are setting up for a move toward $20.
• Invalidation of the bearish thesis would come from a break above $22.50.

Ethereum Classic price has caught a taste of bearish momentum in the market, potentially leading to a downswing.  Still, the macro should be held in the back of traders’ mind while they consider joining the bears.

Ethereum Classic shows room for a pullback

Ethereum Classic price is catching wind of a down storm as bears have produced a 3% decline on the day.  At the time of writing, ETC is one hour away from producing a candlestick close beneath the 21-ay simple moving average at $22.15. If the bears succeed in producing the daily candlestick close beneath the barrier, the Ethereum Classic price would likely retest the $20.00 zone for the fourth time this winter. 

Ethereum Classic price currently trades at $21.90. Still, the overall uptrend that is up 46% since January 1 has not produced a lower low, which would justifying calling an an early end to the winter rally. Thus, traders should continue to play the market for small short-term scalps while managing risk effectively.

A conservative bearish target in light of the technicals shows a potential to retest the $20 zone, creating room for a 9% downswing from ETC’s current market value.

ETC/USDT 1-Day Chart

Invalidation of the bearish thesis would come from a break above $22.50. If the breach occurs, traders can expect the winter uptrend to continue as bulls have liquidity levels near $26 that remain untagged from the 2022 Autumn sell-off.

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• Ethereum price is hours away from completing a three-day reversal pattern in an ideal support zone.
• ETH shows potential to rally towards $2100, for a rise of 30% from the current market value. 
• Invalidation of the bullish trend is is a breach below this week’s swing low at $1,594, 

Ethereum price is showing downtrend reversal signals. Traders should keep an eye on Ethereum’s price movements, as it may be heading towards a potential bullish target.

Ethereum price set for potential bullish move

Ethereum price is currently up 2% on the day as a consolidation phase is taking place between the 8-day exponential and 21-day simple moving averages. Ethereum price remains in a range at the upper bounds of the recent 40% rally since January 1st. Traders may be hoping for a decline towards the descending trend line which was breached during the rally on January 9th and has yet to be retested. Nonetheless, the bullish technicals suggest a retest of the barrier may not be on smart money’s immediate forecast.

Ethereum price currently auctions at $1654. The 2% increase may seem like an insignificant talking point about the recent price action, but when considering the wider narrative, the subtle uptick four hours away from completing a 3-day reversal pattern known as a morning star on the daily timeframe. Furthermore, the relative strength index is above the 50 median line after bouncing into a cushion support zone near 40 during the previous low at $1460 on February 13th.

Based on the analysis, Ethereum’s price is poised for another upswing higher. The $2100 liquidity zone has been mentioned in various articles as an eye-candy-like bullish target zone. The subtle bullish gesture being displayed at the current time may be the catalyst for the anticipated 30% rise.

ETH/USDT 1-Day Chart

Invalidation of the bullish thesis can come from a breach below this week’s swing low at $1594. A breach of the barrier would invalidate the morning star pattern and set up a steeper decline towards the previous liquidity zone, near $1460. The Ethereum price would decline by 13% under the bearish scenario.

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• Cosmos price is currently consolidating after a 3% bounce the previous day.
• ATOM price is aiming for $16.90.
• Invalidation of the bullish thesis would arrive from a breach below $12.66.

Cosmos price shows a bullish narrative for a potential swing trade in the coming weeks. Traders should keep the digital asset on their watch list and anticipate a surge.

Cosmos price shows bullish potential

Cosmos price is currently consolidating at $13.60 after a 3% bounce from the $13.19 lows on Wednesday. The recent swing low achieved on February 21 is higher than the previous swing low, suggesting a support zone for a potential rally. Traders should remember that the consolidation occurs after the Relative Strength Index (RSI) breached overbought conditions in January. The overthrow of the RSI indicates a genuine bull run in the making.

The Volume indicator, however, confounds the bullish premise as consolidations have shown considerably fewer transactions compared to the extreme uptick in volume witnessed during the winter rally. This tapered pattern has been witnessed in previous crypto rallies, which continued the trend soon after.

The RSI and the tapering pattern on the Volume indicator for Cosmos’ ATOM price depict a ramping 21-day simple moving average (SMA) pattern, which could trigger an explosive upswing for the next targeting $16.90. This target suggests a potential 25% increase in market value from Cosmos’ current price.

ATOM/USDT 1-day chart

The bullish thesis would be invalidated by a breach below the recent swing low at $12.66, leading to a potential decline towards liquidity levels near the $11.00 region, resulting in a 17% decrease from ATOM’s current market value.

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• Dogecoin price has surged by 24% since January 1.
• DOGE shows potential for a 60% rise in the future.
• Invalidation of the bullish thesis would arrive from a weekly close below $0.069.

Dogecoin price has somewhat underperformed compared to most cryptocurrencies during this winter uptrend. Still, the notorious dog coin may be teaching investors an important lesson on patience.

Dogecoin price shows any dip is a discount

Still, under the hood, the DOGE  priceshows strong kinetic potential. The fixed volume profile indicator (FVPR) is a technical analysis tool that displays the volume traded at each price level, which can help traders identify significant support and resistance levels.

Dogecoin’s FVPR surrounding the last two trading quarters of 2022 is consolidating exactly at DOGE’s main average price. This is noted in DOGE’s adjacent position to the strong red line on the technicals called the Volume Weighted Average Price (VWAP). 

The FPVR’s VWAP would suggest that the current price of Dogecoin is at a fair market value and that the 25% uptrend move witnessed this winter is only the beginning stages of a true crypto-season-styled rally.

Dogecoin price is currently trading at $0.084.The Relative Strength Index on the weekly time frame confirms this bias as it surged impulsively into the massive resistance zone near $0.14 in November of 2022.

The RSI has been bouncing back and forth since the initial move north and has most recently climbed above the 50-level medium line during winter’s 25% move. This thesis proposes that the market is in a consolidation phase with momentum building to the upside. DOGE’s market structure confounds the idea of momentum building as bullish support is prevalent around  the ascending support levels within the low-$0.07 region.

Traders should consider what the ultimate structure for a bottoming price would look like under this ricocheting market-environment. Furthermore, be on the lookout for any wedging-like patterns to end the three-way pullback structure. The VWAP and market structure suggests a decline toward $0.071 would be viewed as a discount. 

Ultimately, the bulls could provoke a rechallenge of the trading liquidity above $0.14 zone once more in the future. The bullish scenario creates the potential for a 60% increase from Dogecoin’s current market value.

DOGE/USDT 1-Day Chart

Invalidation of the bullish thesis could occur from a weekly candlestick close below the $0.069 liquidity zone. In doing so, a decline towards the liquiditylevels as low as 2022’s market bottom near $0.049 would occur, resulting in a 40% decrease from Dogecoin’s current market value.

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• Uniwap price dropped 7% in two days after finding resistance near $7.50.
• UNI could be in the beginning stages of a 20% decline targeting $5.20.
• Invalidation of the bearish thesis would arrive from a breach above $7.30.

Uniswap price shows a sudden change of market behavior, likely leading to a strong move south. Traders should race themselves and consider how to manage their risk while engaging in an unconfirmed downtrend.

Uniswap price hints at a bearish overthrow 

Uniswap price is down by 7% in the last two days. The downswing comes after a second failed attempt to cross over the $7.50 resistance zone. This level has been a significant barrier for UNI in the past, and failure to break above it again suggests a lack of buying pressure at higher levels.

Uniswap price is currently auctioned at $6.75. The bears have produced a surge, reconquering the 8-day exponential (EMA) and 21-day simple moving averages (SMA) in less than 24 hours. The breach is a strong signal that a true market reversal is on the horizon.

The Relative Strength Index (RSI) is an indicator used to gauge the underlying strength of market participants by comparing and contrasting previous swing points. On February 4, the RSI showed a spike to 65 when the UNI price settled the daily close at $7.20. The recent swing point at $7.30 on February 20 only took the RSI to the 60 level. This is known as a bearish divergence and is an ideal spot for bears to apply pressure.

The recent price action and RSI signals suggest that UNI may experience further downside pressure in the short term. Uniswap’s failure to close above the range high will likely lead to a reversion to the other side of the range near $6.20. If the $6.20 support zone does not hold, the next expected level of the supply zone will be near the $5.20 area, resulting in a 20% decline from Uniswap’s current price.

UNI/USDT 1-day chart

A breach above the recent divergent high at $7.30 would be necessary ​​to invalidate the bearish thesis. If this level is breached, Uniswap is expected to rally toward $10, which would result in a 46% increase from UNI’s current market value. 

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• Shiba Inu prices were down 4% on the day but remained 84% above the yearly opening price. 
• SHIB could be setting up for a 9% rally targeting the monthly open.
• Invalidation of the bearish thesis would arise from a tag above $0.0001399.

Shiba Inu price shows reasons to practice caution as sudden changes in market behavior suggest a decline is on the way. This thesis utilizes technical analysis and indicators to forecast the next potential move for SHIB.

Shiba Inu price shows room for a pullback

Shiba Inu price is down 4% on the day as the bears have taken hold of a current trading range that has been developing throughout the last two weeks. Since January 1, the digital meme coin has rallied by 84%. While a 4% downswing seems like no big deal, evidence based on technical indicators suggests a larger pullback for the rally could occur.

Shiba Inu price currently auctions at $0.0001306. The decline occurred on a key resistance level on a Relative Strength Index and breached the 8-day exponential and 21-day simple moving average to the downside.

Considering these factors, an entire downswing is too far-fetched to call, but a 10% decline targeting the monthly open stands a fair chance of occurring.

SHIB/USDT 1-Day Chart

Based on the resistance formed near the mid $0.0001300 zone throughout the last two weeks, traders can use the swing high within the region at $0.0001399 to qualify the bearish potential. A breach above the barrier could induce a buying frenzy to challenge the monthly high at $0.0001575. The bullish scenario would pave the way for a 20% increase from SHIB’s current price.

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• Avalanche price Is up 91% since January 1.
• AVAX price potential for a rise toward $29.
• A breach of $19.50 would validate the bullish bias.

Avalanche price continues to display bullish technicals as the third trading week progresses. Since January 1st, the highly scalable block-chain based gaming token is up 91%. The rally has surprised market participants as the sentiment throughout 2022 was clouded with talks of inflation and bear market woes. Nonetheless, the Avalanche price has been unfazed by the economic turmoil and continues to reward loyal investors and traders with a keen eye.

Avalanche price uptrend still intact

Avalanche prices currently auction at $21.03. on February 21, the digital token is witnessing a bullish cross of the 8-day exponential and 21-day simple moving average. This is a signal many day traders look for to begin entering smaller time frames while Anticipating a continuation of the trend. 

The volume indicator also shows confounding evidence that the 1x uptrend that began midwinter will continue. According to the Binance Exchange API, the consolidation that has been taking place near the $0.21 zone has come under significantly less volume when compared to the previous uptrend surge that raised the AVAX price towards the $17 zone. For instance, the highest volume day occurred on January 13th, with an influx of 20 million transactions near the $17 zone. To date, the bears have only been able to achieve an average of 4 million transactions during any red day since the initial volume uptick.

It is worth noting that the bulls have also retested the $17 zone nearly a month later on February 12, and have since rallied by 17%. Although a second retest is always possible, at the current time, the first retest seems poised enough to prompt an additional uptrend hike.

Considering these factors, the Avalanche price could break out to the upside in the coming days. A key level to aim for would be the $29 zone, a liquidity level established during the 2022 sell-off in July. The bearish scenario would create the potential for a 35% increase from Avalanche’s current market value. 

AVAX/USDT 1-Day Chart

Still, risk management should be applied during this highly volatile phase in the market. A tag below the crossing moving indicators at $19.50 would invalidate the bullish thesis. The breach could lead to a much steeper decline challenging liquidity levels within the 1X rally as low as $13.40. The Avalanche price would decline by 35% if the bears were to succeed.

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• Bitcoin price is up 6.5% on the day but shows underlying bullish strength.
• Ethereum price may have printed an interim market top and could decline up to 25% in the short term.
• XRP price alludes to an upcoming move toward $0.44.

The crypto market is witnessing considerable resistance ear current price levels. Although skepticism has run hot during the uptrend, it may finally be time for bulls to begin securing profit.

Bitcoin price encounters trouble

Bitcoin price continues to face resistance near the $25,000 zone. At that time of writing, The BTC is down 2% on the day; however, the uptrend that has rallied 47% Since January 1 remains intact.

Bitcoin price is currently at $24,249. The 8-day exponential moving average (EMA) is being tested once again as support. This is now the second attempt for the bears to besiege the indicator after the Bulls hurdled the EMA on February 14 during a 9% market jump.

As long as the Bitcoin price remains above the indicators, Traders should continue to approach the peer-to-peer digital currency with a bullish bias. A breach above the daily high at $25,250 could induce an upward swing targeting the $27,000 liquidity zone in the short term, Such a move would result in a 12% increase from BTC’s current market value.

BTC/USDT 1-day chart

The Bitcoin price is undoubtedly in a trend-defining situation. A daily candlestick close beneath the 21-day simple moving average will be the final confirmation for trend-surfing bears to enter the market. The bear scenario could result in a decline toward the psychological $20,000 level, a 16% decrease from Bitcoin’s price today.

Ethereum price shows five waves up

Ethereum Price Is showing the bearish influence that should have swing traders reviewing their risk appetite principles. At the time of writing, the decentralized smart contract token Is down 3% on the day; however, the technicals suggest Ethereum could be on the brink of a rapid.decline.

Ethereum price is currently auctioning at $1,649. The Relative Strength Index, an indicator used to gauge The strength of a trend shows a bearish Divergence that should not be overlooked. For instance, the recent move north into $1,700 was kept near the resistance at 60 while displaying bearish divergences with the previous RSI readings in overbought territory, when Ethereum tagged $1,50

Under the Elliott Wave theory, the divergences paint a five-wave narrative, which means that if they’re in price could now head for a 50 to 61.8% retracement of the entire uptrend move that began during the winter. The scenario creates the potential for a 25% decline targeting the $1,250 resistance zone. 

ETH/USDT 1-day chart

However, it is worth noting that the bullish divergences that depict Wave 2 and 4 on the RSI  are subject to interpretation and can be incorrect for traders looking to continue playing the bullish side of the market. Invalidation of the uptrend potential would be voided with a breach above Wave 1 at $1,352. A breach of this target level would confirm that Wave 5 is over and a three-wave pullback is underway.

XRP price is showing mixed signals

XRP price has displayed erratic behavior throughout February. At the time of writing, the digital remittance token is coiling within the 8-day exponential and 21-day simple moving average which suggests a volatile move is on the horizon. Still, the direction of the anticipated move will be difficult to predict.

XRP price currently auctions at $0.391. There are mixed signals on the road to a strength index, with traders justifiably backing off and seeking opportunities elsewhere in the crypto market. For instance, the RSI never broke out into overbought conditions. They’re in the early stages of the winter rally. However, the recent decline towards the $0.3614 price level on February 13 did not breach oversold conditions as it bottomed exactly at the 40 level. XRP price is now performing a stair-stepping pattern on the RSI and technicals, which alludes that the next move could be north.

For traders looking to participate in a highly volatile move, an automatic buy-stop can be placed above the previous day’s swing high at $0.409 while attempting to target the $0.44 liquidity zone. The target area has been extracted from previous outlooks, which show a strong confluence liquidity zone near the mid-$0.40 barrier.

XRP/USDT 1-day chart

Invalidation of the bullish thesis would arrive from a breach below the previous day’s swing low at $0.3774. If the breach occurs, the bears could induce a downward swing targeting the $0.34 zone, resulting in a 12% decline from XRP’s current market value. 

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• Hedera Hashgraph price is currently down 10% on the day
• HBAR may be headed for a 14% decline targeting $0.066.
• Invalidation of the bearish thesis would arise from a break above $0.092

Hedera Hashgraph price shows short-term bearish technicals that may alter the bullish narrative in the coming days. Traders should remain unbiased during consolidation phases and continue to practice risk management while seeking profitable opportunities.

Hedera Hashgraph price setting up a pullback

Hedera Hashgraph price has taken a tumble near the upper bounds of the recently established uptrend. The downswing is a significant gesture that should be considered while trading the HBAR price, as the digital asset has been trading within a confining range for the last nine days.

Hedera Hashgraph price currently auctions at $0.083. The bears have forged an overthrow of the 8-day exponential moving average, which has provided support throughout the 1.5 x rally that began on January 1st. The breach could be viewed as a confirmation signal for the bears building their positions on smaller time frames.

Classical technical analysis would suggest multiplying the average trading range percentage by the total amount of candlesticks held within the range to extract a possible target. The 3-day chart shows two previous days of range-bound trading with a 10% spread between $0.082 and $0.091. Thus a 20% price decline targeting $0.066 could be the next market move for traders to participate in.

HBAR/USDT 1-Day Chart

Invalidation of the bearish thesis would arise from a breach above the recent 3-day range high at $0.092. A breach of the area could lead to a 20% move to the upside targeting the $0.105 liquidity zone. The bulls would rally by 21% from Hedera’s current market value if the retaliation attempt is successful.

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• Cardano price has been trading range bound for the last three days in the 40-cent zone.
• ADA Is setting up a bullish swing of 9%, targeting $0.440.
• Evaluation of the bullish thesis will come from a breach below $0.395.

Cardona price is building a cause for the next bullish surge. Key levels have been identified to assess how an uptick in volatility could impact the current trading range.

Cardano price shows subtle bullish urgency

Cardano price shows peculiar market behavior within the $0.40 zone. On February 20th, the early morning bears controlled the trend triggering a breach of the range low at $0.397. 

The scalable smart contract token has been trading within this range for three days. The early-morning trigger of the range low was short-lived as bulls promptly joined the market and forged a 3% surge back up to the other side of the range.

Cardano price currently auctions at $0.405. The recent price action suggests that bears in the market are trapped within the overall pennant formation that has been forming in the $0.40 zone. Classical technical analysis would suggest multiplying the total days the ADA price has traded within the range by the average percentage. 

A 3% upswing multiplied by the last three days of trading in the $0.40 zone would result in a 9% surge toward the $0.44 region. A spike toward the target would liquidate highs above November’s 2022 market top at $0.438. A hurdle over the previous day’s high at $0.412 would be the final confirmation that a rally was taking place.

ADA/USDDT 1-Day Chart

Invalidation of the bullish thesis could arise from a breach below the 8-day exponential moving average (EMA), which provided support during the early morning sell-off. A breach of the EMA at $0.395 could lead to a 9% decline to the downside targeting $0.362.

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1. Ethereum Classic price shows three consecutive days of gains.
2. ETC could be s setting up for a 20%  rally toward $28.50 
3. Invalidation of the bullish thesis would arise from a breach below the $22.16 liquidity level.

Ethereum Classic price continues to stair-step north during the third week of February. Traders should maintain a close watch on the digital asset as it seems poised for a 20% rise.

Ethereum Cassic price prepares for a move

Ethereum Classic price is displaying bullish signals that breakout traders love to see. On February 20, the Ethereum- token is up for the third consecutive day,  narrowing the spread of a confining range from the $20-22.50 zone.

Etheruem Classic price is currently trading at $23.89 as the recent 3% hike on the day has been catalyzed from a cross for the 8-day exponential into the 21-day simple moving average. The bullish crosses suggest An uptick in volatility will soon occur, and since the price remains above the levels, Traders should expect the winter uptrend to continue.

Based on the technicals, the Ethereum Classic price shows the potential to be rally as high as the $28.50 zone to challenge bears who established their short positions during Autumn 2022. The bullish Scenario potential for a 20% increase from ETC’s current market value

Still, traders should consider their risk management as volatility-induced markets can entice traders to begin opening more positions than necessary before actualizing profit.

ETC/USDT 1-Day Chart

Invalidation of the bullish thesis would arise from a breach below the compressing indicators at $22,016. If the breach occurs, traders can expect to decline, targeting the $18 resistance zone resulting in a 23% decrease from Ethereum Classic’s current trading price.

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• Solana price currently auctions at $26.23.
• SOL is setting up for a rally toward $30
• Invalidation of the bullish thesis would arise from a breach below $23.

Solana price is setting up for another bullish move. Traders should consider their risk management rules while engaging in a volatility-induced market.

Solana price is poised for surge

Solana price has displayed strong bullish technicals during the first three weeks of February. At the time of writing, the Solana price stands 27% above where it once stood ten days prior. The flux of buying momentum is visible on the upright looking trend. While skepticism remains a prevalent factor amongst traders, SOL’s recent price action seems unfazed by retail opinion and inflation fears,

Solana price is currently auctioning at $26.26. On February 19, the 8-day exponential moving average(EMA) crossed over the 21-day simple moving average (SMA) a signal many in the crypto ecosystem refer to as a bullish cross. The bullish cross is often the spark of strong uptrend moves, with compressive sideways market behaviour occurring prior, which was noted and displayed during the consolidation phase on January 31.

A conservative target towards the $0.30 zone seems plausible, considering the technicals. The bullish move would result in a 19% increase from Solana’s current trading price., 

SOL/USDT 1-Day Chart

Invalidation of the bullish thesis would occur from a breach below the compressing indicators at $23.00. If the breach occurs, Traders can expect a decline toward the psychological $20 price level, resulting in a 23% decrease from Solana’s current market value.

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• Decentraland  price is up 3% on the day and 155% since the start of the year.
• Technical indicators suggests a potential move toward $1.00 could occur.
• Invalidation of the bullish thesis is a breach below the $0.66 cents low.

Decentraland price is building a cause for the next volatile surge. Traders should be on the lookout for any sudden changes in market behavior near current price levels.

Decentraland price is setting up a move

Decentraland (MANA) price is up 3% on the day, maintaining a shallow consolidation within the recently established uptrend that began on January 1. At the time of writing, the MANA price is up 155% since the new year began.

Decentraland price currently auctions at $0.74. There is a coiling pattern taking place on smaller time frames between the 8-day exponential and 21-day simple moving averages. This pattern usually occurs before a volatile price movement.

The Relative Strength Index (RSI), an indicator used to gauge the strength of an uptrend, suggests that the Decentraland price is genuinely bullish. This is noted as the daily timeframe broke out into overall conditions on January 18 upon tagging the $0.68 zone. Additionally, there are bullish divergences in the $0.70 as the RSI is coming back down into supportive zones betwen 40 and 50

Overall, the technicals support a bullish bias for Decentraland price, indicating that it decentralized virtual reality token may be setting up another move to the upside. A break above the $0.75 swing point will likely induce another rally to challenge the monthly high at $0.84 and lead to a buying frenzy targeting the $1.00 price zone

MANA/USDT 1-Day Chart

MANA/USDT 1-Day Chart

However, a breach below the current range low at $0.66 could invalidate this bullish scenario. If the level is tagged, the bears could induce a selling frenzy, targeting resistance zones within the uptrend as low as the $0.50 cent zone. The bearish scenario would pave way for a 30% decline.

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• Cosmos price is up 10% on the week, showing bullish strength during the middle of February.
• ATOM could set up a move toward the $16.80 region in the coming days.
• Invalidation of the bullish thesis could occur from a breach below $12.76.

Cosmos price shows bullish strength during the middle of February. A profitable trade setup is likely to manifest in the coming days.

Cosmos price points north

Cosmos price displays strong bullish signals after enduring last week’s congestive market behavior that garnered 3% of losses. The bulls have successfully reconquered the 8-day exponential moving average and are attempting to solidify the bullish narrative by crossing over the 21-day simple moving average as well.

Cosmos price currently auctions at $14.22 as a consolidation zone is taking place between the aforementioned indicators. The relative strength index (RSI), an indicator used to gauge the kinetic potential of a trend by assessing previous swing points, shows Cosmos price as bottoming in an ideal support zone. There’s also a bullish divergence between the low mark at the support zone at $12.76 and January 18’s low at $11.48.

Considering these factors, the Cosmos price appear to be in a healthy uptrend. The next bullish target is 20% above the current market value at $16.80. The target is untagged liquidity dating back to 2022 when Cosmos price lost support from the $17 region.

Invalidation of the bullish thesis could arrive from a breach below the recent swing low at $12.76. In doing so, the bears could induce a 20% decline targeting the RSI’s divergent low at $11.48.

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• Chiliz Price Rose by 10% in the last three days bringing the weekly gains back to 3.5% in the green
• CHZ Could set up a rally toward the $0.17 liquidity barrier
• Invalidation of the Bush thesis would arise from a breach below $0.135

Chiliz price should remain on trader’s watchlists as the uptrend seems poised to rally higher. Key levels have been defined to gauge Chiliz’s next potential move.

Chili’s price shows promise

Chiliz price has been showing strong bullish sentiment, s the Bulls have rallied by 10% in the last three days. The Newfound upswing has totally reversed the early week liquidation as Chiliz price is now up 3.5% is the start of the week.

Chiliz price currently auctions at $0.14. The bulls have recently crossed over the 8-day exponential moving average and the 21-day simple moving average, which suggests Traders on smaller time frames are providing enough support to catalyze a genuine upswing.

The Relative Strength Index (RSI) shows a Divergence between the recent low that occurred on Monday at $0.124 and the previous swing low that occurred in January at $0.122. This is subtle evidence to suggest that a market reversal is on the way, as RSI divergences are commonly known to catalyze uptrend moves.

If the market is generally bullish, then the Chiliz price is likely to rally towards the $0.17t liquidity zone in the short term. such a move would result in a 19% increase from Chiliz’s current

CHZ/USDT 1-Day Chart

Traders should make sure to practice healthy risk management before joining the trend. The uptrend thesis would become void if the Bears happened to pierce the recently breached 8-day EMA as $0.135. if successful, a downswing targeting liquidity levels as low as 9 cents could occur, which would result in a 30% decrease from Chiliz’s current market value

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• Bitcoin price rose by 10% on February 14, the strongest bullish day of 2023.
• Ethereum price faces resistance near $1,700.
• XRP price could retrace toward $0.30.

The crypto market has witnessed an uptick in volatility, creating profitable opportunities for both bulls and bears to participate in. Still, the overall technicals continue to point north despite skepticism in the market.

Bitcoin price tags $25,000

Bitcoin’s price is witenessing a consolidation phase after displaying the strongest bullish day in 2022. BTC”s bullish surge saw a 10% increase in less than 24 hours on February 15. The price is still hovering above the 8-day exponential moving and 21-day simple moving averages (SMA), which indicates that day traders on lower time frames are building their position.

Bitcoin price is currently trading at $24,379, as traders were quick to book profits near the new year’s high at $25,250. The Relative Strength Index (RSI) confirms the bullish notion, as there is a bullish divergence and a new low at $22,530 compared to the previous low that occurred at $22,628.

Considering these factors, prices could rally towards the $26,500 area in the coming days. The bullish scenario creates the potential for an 8% rise from Bitcoin’s current market value.

BTC/USDT 1-Day Chart

Invalidation of the bullish thesis would occur from a dip below the February 15 candlestick’s opening price at $22,168. If the breach occurs, the Bitcoin price could fall towards the psychological $20,000 region, resulting in an 18% decrease from BTC’s current market value.

Ethereum price facing a challenge

Ethereum’s price is down 1% as the early morning surge that prompted ETH’s new year-to-date high at $1,742 is now being challenged. Much like Bitcoin, the price is maintaining itself above both the 8- and 21-day SMAs, which is a bullish cue in the short term.

Ethereum’s price is currently trading at $1,655. Several outlooks have identified the $1,850 zone as a magnet-like liquidity level for bulls to aim for, and a move towards that price level would result in a 12% increase from ETH’s current price. 

ETH/USDT 1-Day Chart

Still, the uptrend is dependent on this week’s swing low at $1,482 remaining untagged. If the level is breached, traders can expect a steep decline likely to target the $1,250 level. Such a move will result in a 25% decrease from Ethereum’s current market value.

XRP price shows turbulence

XRP price has succumb to the crypto markets profit-taking demise as the $0.40 level continues to act as resistance. Market conditions persist, and there could be setting up for a much deeper decline.

XRP price currently trades at $0.387. The 21-day SMA has catalyzed a 3% downswing on the day. Unlike Bitcoin and Ethereum, the RSI never broke out into overbought conditions. The current downswing was catalyzed near a key resistance zone. 

The RSI may be suggesting that XRP’s uptrend that began on January 1 at $0.30 is at risk of a liquidation. The bearish scenario creates the potential for a 22% decline from XRP’s current market value.

XRP./USDT 1-Day Chart

Invalidation of the bearish bullish thesis will arrive from a breach above the 21-day SMAsimple moving average at $0.402. If the breach occurs, the bulls could reroute north and challenge the $0.44 liquidity zone. Such a move would result in a 15% increase from XRP’s current auctioning price.

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• Luna classic price rose 6% this week.
• LUNC’s next bullish target is 40% above the current market value at $0.00024800.
• The bullish thesis will be invalidated if the price breaches the $0.00015291 low.

Luna classic price displays applaudable retaliation signals following last week’s 10% decline. Traders should keep a close eye on LUNC as a potential swing trade could present itself in the coming days.

Luna classic price shows optimism

Luna classic price currently auctions at $0.00017523. The bulls have hurdled the 8-day exponential moving average and are attempting to forge a daily candlestick close above the 21-day simple moving average. If successful, the bullish cues will likely entice retail traders to enter the market in hopes of taking out the previous year-to-date high at $0.00021107.

The Relative Strength Index (RSI) is a technical indicator used to measure the recent price changes of an asset to determine market reversal zones. An uptrend should not break beneath 40 on the RSI if it is set to continue. In the context of Luna Classic Price, the RSI has recently bottomed out at the 40-level on the daily time frame, which suggests that LUNC’s correction is overdue for a potential rebound.

If the market is genuinely bullish, LUNC could challenge the previous weekly order block formed in October 2022 at $0.00024800. The bullish scenario creates the potential for a 40% upswing from Luna’s current price today.

LUNC/USDT 1-Day Chart

“Invalidation of the bullish thesis would come from a breach of the $0.00015291 low. If this level is breached, the bears could induce a decline targeting the next support zone at $0.00012000, resulting in a 31% decrease from Luna Classic’s current market value. T

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• XRP price has rallied by 6.5% in the last three days.
• Ripple may be embarking on a rally towards $0.44.
• Invalidation of the bullish thesis would arise from a break below $0.361.

XRP price is showing bullish retaliation signals that are hard to ignore. Key levels have been defined to gauge XRP’s next potential move.

XRP price shows bullish cues

XRP price has shown a 6.5% increase in the past three days, sparking hope of an extended bullish trend. Last week’s 6% downswing has been fully reversed as the bulls have produced a candlestick close above both the 8-day exponential moving range and 21-day simple moving average. The hurdle of the indicators is a bullish confirmation signal hinting at the underlying support from traders on smaller time frames.

XRP price is currently trading at $0.40. The Relative Strength Index (RSI) for XRP bottomed out at 40, indicating that the current uptrend that began in January is set to continue. The RSI is a technical indicator that measures the strength of a security’s price action. A reading of 40 suggests that the digital asset has reached its low point, and any lower would mean the entire trend is subject to a reversal.

Thus the XRP price may now have the potential to move towards $0.44, which is an untagged liquidity level from November’s liquidation when XRP dropped from $0.48 to $0.30 in less than a week.

XRP/USDT 1-Day Chart

Invalidation of the bullish thesis would arise from a break below the current swing low at $0.361. If the breach occurs, the bears could induce a decline targeting liquidity levels as low as $0.30, resulting in a 25% decrease from XRP’s current market value

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• Fantom price is up 18% this week.
• FTM is on pace to rally toward $0.71.
• The uptrend would end if wave one at $0.26 is breached.

Fantom price displays strong bullish-retaliation signals. Traders should keep their eye on the smart contract token as it seems poised to rally considerably.

Fantom price points north

Fantom price is up 18% after enduring last week’s largest mudslide of the year. The 18% decline witnessed earlier in February was catalyzed from the $0.56 resistance level. However, the bulls have gained enough momentum to challenge this barrier.

Fantom price currently auctions at $0.55. The bulls have hurdled both the 8-day exponential and 21-day simple moving averages, a signal for day traders to look for before entering the market.

A Fibonacci projection tool surrounding the beginning stages of the winter rally into the deepest correction shows a 2.618 Fib level at $0.70. During the last week of January, the bulls fell just short of tagging the barrier, missing it by only 6%. If market conditions are generally as bullish as they seem, the newfound momentum should enable an accomplished second attempt at the $0.77 barrier. Furthermore, FTM can rally as high as $1.00 if the first target is hurdled. The bullish scenario creates the potential for a 70% increase from Fantom’s current market value.

Invalidation of the uptrend will occur if the bears breach the previous swing high at $0.26. This would alter the wave structure of Fantom, making it more of a corrective structure rather than impulsive. If the breach occurs, a sweep-the-lows event would be possible, targeting the 2022 low at $0.16. The bears would accomplish a 70% decline if successful.

This video shows how Bitcoin price moves could affect Fantom price

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• Uniswap price is up 3% on the week.
• UNI could set up a move towards $10.
• The swing low at 5.23 can be used as an invalidation of the bullish thesis.

Unswap price shows bullish cues after experiencing the largest sell-off in 2023 last week. Traders should watch the UNI price closely to participate in the next volatile price movement.

Uniswap price shows bullish potential

Uniswap price has experienced mixed signals in the past two weeks. While the digital asset fell by 7.5% last week, it has recovered somewhat, with a 3% increase this week. This up-and-down price action has been a reflection of the general sentiment in the crypto market.

Uniswap price currently auctions at $6.58. On February 15, the bulls reconquered the 8-day exponential moving average, providing a positive short-term outlook for the Ethereum-based exchange token.

The Relative Strength Index (RSI) is an indicator that is used to gauge kinetic potential of a trend. At the time of writing, the RSI shows bullish divergences between the consolidation phases at $5.43 (which occurred during UNI’s winter rally) and the current range low at $6.23. These bullish divergences indicate that UNI’s winter uptrend is still intact and ready to create the next leg up

Considering these factors, Uniswap price may be on pace to challenge liquidity levels above $10. The bullish scenario creates the potential for a 53% increase in market value.

UNI/USDT 1-Day Chart

The swing low at 5.23 can be used as an invalidation of the bullish thesis. If UNI breaks below this level, it could lead to a decline targeting liquidity levels as low as $4.44, resulting in a 32% decrease from UNI’s current price today.