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Bitcoin Faces Resistance While Ethereum and Altcoins Rise

1.9.2021
Bitcoin price struggled to stay above the USD 48,000 level and it started a fresh decline. BTC traded below the USD 47,500 support level. It is currently (04:28 UTC) facing an increase in selling pressure, with a major support near USD 46,200. Conversely, many major altcoins gained bullish...

Understanding Support and Resistance in Forex

26.8.2021
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists. Support and resistance are powerful trading pillars, and most methods incorporate some form of support/resistance (S/R) analysis. Support and resistance usually form around critical regions...

Bitcoin and Ethereum Stuck Below Resistance, LUNA Extends Rally

24.8.2021
Bitcoin price started a downside correction from the USD 50,500 resistance. BTC declined below the USD 49,200 support level, but it remained well bid above USD 48,500. It is currently (11:45 UTC) consolidating above USD 49,000, with a major resistance near USD 50,000. Similarly, most major altcoins...

DASH Faces a Tug of War at the Long-Term Resistance of $215

19.8.2021
Dash was launched in 2014, which is roughly five years from the launch of Bitcoin. It was developed with a maximum supply limitation of 18.9 billion and follows the same proof algorithm as Bitcoin, called the proof of work. Furthermore, one needs to mine dash using commutation power to generate...

Binance Coin (BNB) Has One Last Resistance To Overcome!

17.8.2021
Binance Coin is the native token of the Binance ecosystem comprising Centralized Exchanges, Decentralized Exchanges, Binance Chain, Binance Smart Chain, and its crypto financial services. At present, Binance Coin faces stiff resistance near $431 levels, which comes out as an essential Fibonacci...

Zilliqa (ZIL) Faces Tough Resistance at 100 DMA Line!

12.8.2021
Zilliqa has finally met its nemesis, one that can put a halt to its juggernaut rally. 100 day moving average is a strong line that determines the sentiment on an asset and is calculated over the price action of the last 100 days. Breaking such a resistance further brings buying sentiment as...

Litecoin Faces Little Resistance; Will LTC Turn Bullish Soon?

9.8.2021
Current price action on the Litecoin counter is indicating a strong possibility of a breakout, which is a much needed sentiment to convert the consolidation cum flat trading crypto into a trending bullish asset. The only hindrance between a positive breakout and retracement is the resistance...

Elrond En-route to Breach its Long-Term Resistance Zone

9.8.2021
The name Elrond mustn’t necessarily ring a bell, but it’s among one of the leading Dapps supporting blockchain platforms. The fact that it tends to bring together two of the most astonishing components of the modern age, blockchain and the internet, together provides a better insight about...

Bitcoin Is Resilient to Break the $42,000 Resistance

6.8.2021
Bitcoin traders are back in action and this time with an arsenal of volume at their back. BTC price has to cross the $42,000 levels to remain in the bullish sentiment, but we witnessed a sudden and consistent fall from the level to $38,000.  Bitcoin has the fundamental potential and buyer sentiment...

Monero (XMR) Faces Stiff Resistance Around 200-DMA

3.8.2021
XMR, Monero’s is quickly becoming a favorite tool for those interested in the anonymity offered by this blockchain network. After a price action that can generously be called a bull run, XMR is on a path to retracement. Something unique about monero is the wick on both sides of the candle...

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