Altcoin Watch
XRP’s failure to break above $2.20 could be a sign that the downside is not over for the altcoin.
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Tech Analysis News
Technical analysis, often abbreviated as TA, is a method used in the cryptocurrency market to evaluate and predict price movements based on historical market data. Cryptocurrency traders utilize a range of technical analysis tools and techniques to make well-informed decisions. It mostly focuses on analyzing price charts and finding patterns and trends by using statistical measures. Moving averages, support and resistance levels, the relative strength index and Bollinger Bands are frequently used tools in technical analysis.
Technical analysts believe that historical price movements tend to repeat themselves, and certain patterns can indicate future market direction. For instance, a head-and-shoulders pattern might suggest an upcoming trend reversal. Traders also use chart patterns like flags, triangles and double tops to anticipate market movements. Moreover, indicators like the moving average convergence divergence help gauge the strength of a trend.
However, it’s essential to note that technical analysis is not foolproof and should be used in conjunction with other methods.
- Market Analysis
Analysts warn that Bitcoin is not in the clear yet, raising the chance of further price downside to the $60,000 level.
2691 - Altcoin Watch
XRP price is down across almost every timeframe, and data suggests that a rebound is unlikely in the short-term.
1221 - Altcoin Watch
Multiple XRP price fractals hint at a top and suggest a 60% downside in the coming months.
20301 - Altcoin Watch
DOGE price is down 4% on March 31, and a breakdown of a classic bearish pattern points to a deeper correction in the short term.
1422 - Market Analysis
The Trump-associated WLFI project has tripled its ETH holdings in the past months, which could finally help Ethereum rally in April.
7343 - Altcoin Watch
Diminishing user activity and stiff upward resistance are driving Cardano’s prices lower today with bears focused on pulling ADA price down toward $0.51.
1227 - Altcoin Watch
Some analysts predict a drop below $2, but prevailing bullish continuation and fractal chart patterns are hinting at a long-term target toward $12.50.
23841 - Altcoin Watch
The odds of a June rate cut have dropped sharply in the past week, raising downside prospects for riskier assets like XRP.
27261 - Altcoin Watch
Dogecoin’s price is climbing today, driven by the launch of a dedicated DOGE reserve and growing investor appetite for altcoins.
1331 - Market Analysis
XRP price needs to stabilize above the $2.50 level for a continued move toward $3 and potentially higher levels.
3188 - News
Ether whale accumulation started rising at the beginning of March, suggesting that large holders are expecting an ETH rally in the near term.
14903 - Market Analysis
Bitcoin is paring recent losses but still struggles to sustain its uptrend, leading some analysts to predict another drop to as low as $65,000.
13439 - Altcoin Watch
Ripple still faces a legal hurdle with an injunction preventing XRP sales to institutional investors, but price chart technicals are showing promise nonetheless.
21416 - News
Investor sentiment hinges on the FOMC meeting and Fed Chair Powell’s signals, which may sway Bitcoin’s next price move, according to crypto analysts.
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