archiveTechnical Analysis

Litecoin (LTC) price hovers at $86 during the Asian session on Monday, up slightly on the day even as the wider crypto market consolidates, following April’s recovery. Meanwhile, Bloomberg analyst James Seyffart believes that the spot Litecoin Exchange Traded Fund (ETF) proposal by Canary Capital has a higher probability of approval than other assets. Ethereum price faced resistance around the daily level of $1,861 on Friday and declined 1.87% over the next two days. At the time of writing on Monday, it continues to trade down at around $1,795. If ETH continues...

Cryptocurrency prices are poised to extend gains following a bullish end to April. The recovery witnessed in the broader market reflects growing interest among retail investors, with select top 200 altcoins, such as ImmutableX (IMX), Morpho, and Turbo, flying the bullish flag high, with the highest gains over the past 24 hours.  Ethereum price has been consolidating between $1,700 and $1,861 since last week. At the time of writing on Friday, it is nearing its upper consolidating boundary at $1,861. If ETH breaks and closes above the daily resistance at $1,861,...

Ripple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00. Meanwhile, Ripple’s $5 billion bid to acquire Circle, the company that issues USDC stablecoin, has caught the industry’s attention. Solana (SOL) price is stabilizing at around $149 at the time of writing on Thursday, after finding support around its 50-day Exponential Moving Average (EMA) the previous day....

Bitcoin price broke above its 200-day Exponential Moving Average (EMA) at $85,000 early last week, rallying 11.14% until Friday. However, BTC failed to close above its March high of $95,000 and hovered around this level in the last four days. At the time of writing on Wednesday, it continues to stabilize around the $95,000 level. TRON’s price bullish outlook may be at risk, teetering on the brink, as the immediate support from the 50-day EMA near $0.24 shows signs of faltering. Its upside is capped under $0.25, the red-shaded area...

EUR/USD retreats to the 1.1400 region after closing in positive territory on Monday.Markets await key macroeconomic data releases from the US.The technical outlook doesn't point to a buildup of bullish momentum.Following a quiet start to the week, EUR/USD gained traction and closed in positive territory above 1.1420 on Monday. The pair corrects lower in the European session on Tuesday and trades at around 1.1400. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the...

GBP/USD holds above 1.3300 to start the week.The technical outlook highlights sellers' hesitancy in the near term.Markets will continue to pay close attention to headlines surrounding the US-China relations.GBP/USD closed marginally lower on Friday but ended up posting small weekly gains. The pair holds its ground in the European session on Monday and trades above 1.3300. British Pound PRICE Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar. USD EUR GBP JPY...

Monero (XMR) price is extending its gains by 19% at the time of writing on Monday, following a 9.33% rally the previous week. On-chain metrics support this price surge, with XMR’s open interest reaching its highest level since December 20. The technical outlook suggests a bullish breakout and continuation of the rally, with a target of $345. Bitcoin price broke above its 200-day Exponential Moving Average (EMA) at $85,000 early last week, rallying 11.14% until Friday. However, BTC failed to close above its March high of $95,000 and declined slightly over...

Stacks (STX) price rises, hitting a new weekly high at $0.90 during the Asian session on Friday. The Bitcoin layer-2 protocol shows bullish resilience, trading at $0.88 at the time of writing, reflecting growing institutional interest in the decentralized finance (DeFi) ecosystem. STX's breakout appears strong enough to sustain the uptrend, targeting highs above $1.00 in the coming days. Bitcoin (BTC) traded above $93,000 on Thursday as rumors of US-China tariff easing stirred a rebound in price, sending the percentage of supply in profit at current price levels to 87.3%, 5% above...

Solana (SOL) price faces growing overhead pressure and slides below $150 to trade at $148 at the time of writing on Thursday. The sudden pullback follows the crypto market's edging higher on improving investor sentiment, which saw SOL climb to $154 on Wednesday.  Uniswap (UNI) price hovers around $5.92 at the time of writing on Thursday, having rallied 12.8% so far this week. According to Wu Blockchain, data shows that the address potentially related to the Uniswap team, investor, or advisor transferred 9 million UNI to the Coinbase Prime Deposit...

Top meme coins Dogecoin (DOGE), Shiba Inu (SHIB), PEPE and BONK lead the meme coin sector with double-digit gains on Wednesday following the crypto market recovery. After smashing key resistance levels near their respective 50-day Simple Moving Averages (SMA), these meme coins now face a key hurdle close to the 100-day SMA. Fartcoin price holds firmly above support established at $1.00 while exchanging hands at $1.16, up more than 2% on the day. The meme coin’s uptrend follows a sustained rebound from the Q1 downtrend, buoyed by support at $0.20,...