Ethereum price is currently struggling below the $3,840 support level, indicating a bearish trend in the market. The cryptocurrency failed to clear the $3,850 resistance zone and faced rejection near the $3,800 level. This failure to break key resistance levels suggests a lack of bullish momentum. One significant development is the break below a key
Analysis
Investors in XRP have long been concerned about the stagnant price movement of the altcoin, especially during a time when the rest of the market has seen significant growth. The last notable rally for XRP was during the 2017-2018 bull run, and since then, the coin has failed to keep up with the pace set
XRP price has shown signs of improvement after hitting the $0.5080 mark, with a possible bullish momentum on the horizon if it manages to surpass the $0.5250 resistance level. In recent trading sessions, XRP has been able to maintain a position above $0.5150 and the 100-hour Simple Moving Average. Additionally, a key bearish trend line
PEPE has been attracting significant attention from traders and investors due to its impressive upward trajectory. This sustained bullish momentum indicates a high level of market confidence and optimism surrounding the future prospects of PEPE. At the time of writing, PEPE was trading at around $0.00001531, up by 3.33%, with a market capitalization exceeding $6.3
The XRP price has been facing challenges as it extended its losses below the $0.5120 support zone. Despite testing the $0.5080 area and attempting a recovery wave towards $0.5350, XRP is finding it difficult to initiate a fresh increase above the $0.5250 resistance zone. Currently, the price is trading below $0.5150 and the 100-hourly Simple
Crypto analyst Egrag Crypto has recently provided a bullish narrative for the XRP price, outlining two potential scenarios that could lead to a breakout for the crypto token. One scenario involves a “White Triangle” breakout on the chart, aligning perfectly with previous charts and Fib 0.702 to 0.786 levels. According to Egrag, once XRP accomplishes
Cryptocurrency analyst Pierre has recently shed light on the importance of the $69,000 price level for Bitcoin. According to Pierre, if Bitcoin manages to break above $69,000, it could pave the way for the flagship cryptocurrency to retest the all-time high (ATH) region of $73,000. This breakout could potentially lead to a new ATH for
Near Protocol, one of the top-performing altcoins in 2024, has recently experienced a breakout that has raised concerns among investors. Despite a strong start to the year, the altcoin’s price trajectory has shifted, with a prominent crypto analyst suggesting a potential downtrend in the near future. At the beginning of May, Near Protocol formed a
The BNB price has recently shown signs of recovery as it bounced back from the $585 support zone. However, the bulls are facing a key challenge ahead as they need to break above the $600 resistance zone to shift the price into a positive zone in the near term. Although the price initially struggled near
Ethereum has been facing a tough time in the cryptocurrency market, with its price extending its decline and testing the $3,720 support level. The current scenario shows that ETH is now consolidating and encountering multiple obstacles near the $3,800 mark. A new bearish trend line has formed with a resistance level at $3,810 on the
