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Michael Fasogbon

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Market Analysis

VIRTUAL PROTOCOL PRICE ANALYSIS & PREDICTION (February 21) – VIRTUAL Bounces Slightly Amid Latest Surge, Can It Sustain Momentum?

Several altcoins have continued to paint green scenarios in the past hours along with VIRTUAL, which has posted over 20% gains since yesterday. However, its short-term outlook remains bearish. Today marks another interesting moment in the market as altcoins post mild gains. VIRTUAL is not left behind in the surge as it charted substantial gains after mounting support at $0.933 this week Before now, the asset experienced a serious decline after failing to sustain bullish momentum above the $6 level earlier in January. Despite the drops, the asset remains within a buying range from a long-term perspective, although the bulls may completely lose control if the price drops below last year's low. Back to the latest surge, which came as a retest of the recent breakdown level, it has generated some positive bias since yesterday. It currently faces resistance at […]

Michael Fasogbon February 21, 2025

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Market Analysis

HEDERA PRICE ANALYSIS & PREDICTION (February 20) –Hbar Bounces Slightly After Weeks of Drops, Find Temporal Support

Hbar continued to recover after shedding massive losses in the past weeks. However, its outlook remains bearish on the daily chart but is now showing signs of strength after locating support. The aftermath of the early month crash has caused a lot skepticism among investors, although few mid-cap altcoins have seen a slight recovery but Hbar remains red amid rising supply. On Tuesday, the crypto found temporal support after testing the $0.19 level. It bounced off this level and increased near $0.23, retesting a recently broken minor support level as resistance. A rejection occurred there and the price retraced to where it currently trades at $0.22. The bears are still gaining dominance on the daily chart. If they step back into action, the price will continue to dip until exhaustion sets in. Meanwhile, the bulls are currently pessimistic about the […]

Michael Fasogbon February 20, 2025

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Market Analysis

DOGECOIN PRICE ANALYSIS & PREDICTION (February 19) – Is Doge Set For Another Crackdown Following This Bearish Move?

After experiencing a short recovery last week, Doge resumed drops and started to lose ground again on a daily scale. However, it currently sits near a key support level and now looks set for another breakdown. Doge's price is waxing weaker weekly following the latest drawdown as the bears continue to take charge on the daily chart. The primary meme coin is seriously in red today due to a 10% drop in the past few days. It currently approaches a vital support level and looks prime for another major crash. It is important to note the supply level is on the rise again. Meanwhile, the latest bearish came after a short recovery to the $0.287 level last week. It marked resistance there and initiated drops. A plunge through the immediate support could cause a serious reduction. While this bearish move […]

Michael Fasogbon February 19, 2025

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Market Analysis

RAYDIUM PRICE ANALYSIS & PREDICTION (February 18) – Ray Forms New Bearish Pattern, Sets For a Massive Crackdown

Advancing bearish this week, Ray posted a huge loss in the past hours and now poise for more drops as it forms a classical head-and-shoulder pattern. It currently approaches a key support level for a breakdown. Last week saw Ray through a recovery after dropping steadily in the preceding week. However, the momentum was short-lived due to a sharp rejection and the price fell back, closing near the opening price. That triggered a serious drop since yesterday and the price dipped below $5. It is approaching a crucial support level, which has been suppressing bearish pressure for the past three months. If this support holds well, we can anticipate a bounce back. However, things might change this time. Looking at the latest price actions, which appear more like a classical head-and-shoulder (H&S) pattern on the daily chart, Ray may collapse […]

Michael Fasogbon February 18, 2025

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Market Analysis

BINANCE COIN PRICE ANALYSIS & PREDICTION (February 17) – BNB May Advance Recovery as it Finds Support Above $650

Another 1% daily loss has brought a little setback in the recovery but BNB has found temporal support since it rejected a month high last week. A further increase should bring a full recovery to the top. The battle for the position of the fifth largest crypto by market cap has been a tough one between BNB and SOL since mid-2024. Their usage and adoption rate have been the major things driving demand and growth. Though the latter enjoyed this position for quite a long time now since the battle started. Following an impressive recovery past $700 last week, the former quickly regained its spot and now holds a market cap of $96 billion. BNB is currently up 11% weekly despite today’s market drops. However, looking at the daily chart, the price recovered well from the dip. But it lost […]

Michael Fasogbon February 17, 2025

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Market Analysis

STELLAR PRICE ANALYSIS & PREDICTION (February 16) –XLM Shows Strength Following a Double-Digit Gain Overnight, Looking For a Retest

Locating temporal support at $0.3, XLM Bounces slightly and showed strength today following a steady increase since the start of the week. The selling pressure may resume if the bulls fail to sustain pressure. After last week’s sudden crash, which was followed by a quick rejection, XLM established support above $0.3 and increased this week. It now floats above $0.35 following the latest recovery across the market. This recovery targets the $0.41 level that triggered the early month drops. A retest at this price level will determine the next direction of the market. While rejecting the level may cause another leg down, a notable break above it will likely signal a potential reversal in the existing trend. However, XLM’s trend is still considered bearish on the short-term scale following an extending correction this month. This came after breaking below $0.4 […]

Michael Fasogbon February 16, 2025

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Market Analysis

BINARYX PRICE ANALYSIS & PREDICTION (February 13) – BNX Taps $1 After Exploding By Over 400% in a Week, Briefly Lost Buzz

After witnessing a back-to-back drop for six months, BNX found a solid support and exploded massively to a new monthly high. It has currently lost buzz due to slight rejection. The past months painted a serious bearish scenario for BNX as it failed to push above the $1.7 level in the third quarter of 2024. Things got uglier as the crypto broke heavily below the key $1 level. Losing over 80% from that key level, it found a threshold at $0.13 during a major market crash last week and hold that price level as temporal support. It bounced back and close that week on a strong note. Continuing the positive actions this week, BNX surges consistently until the price hit $1 yesterday, retesting the broken key level as resistance. This marked a staggering 700% from the bottom, but the buying […]

Michael Fasogbon February 13, 2025

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News

MANTRA PRICE ANALYSIS & PREDICTION (February 12) – OM Continues to Defy Odds as it Sustains Bullish, No Signs of Shift

OM continued to show signs of strength despite the past months of bearishness across the space. Most altcoins are back to bottom but the price remained strong as it sustains bullish momentum. As altcoins continued to dip, Mantra native token maintained an uptrend and showed no signs of weakness in the short term. Sentiments are still positive, but the trend may change very soon as the price appears extremely overstretched on the higher timeframe. Today, the price appears weak following a recent rejection at $6.48. This may cause a little pullback before resuming bullish. And if the market repeats the past correctional pattern, OM may subject the trend to a short consolidation phase before rising back. The monthly outlook also appears overbought but there's more room for an increase should the bulls sustain pressure. From the look of things, the […]

Michael Fasogbon February 12, 2025

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Market Analysis

TRON PRICE ANALYSIS & PREDICTION (February 11) – TRX Return to Key Trading Level After a Week of Recovery, Can It Breakthrough?

Tron's native token is up by 6% today as the global crypto market continues to increase daily. While the price is trading back at a pivot level after a week of recovery, we may see an upsurge soon. After dipping to $0.2 last week, TRX found solid support and bounced back quickly. This led to a slight price increase and the crypto traded back at around the important $0.25 level at the time of writing. This trading level has been a barrier level for the bulls for over a month. Now that they are back at this important level again, we may see a major breakthrough if they show strong commitment. Otherwise, it may continue to hover around this trading level until a surge occurs. While it is still providing a discount on the short-term, we can expect a massive […]

Michael Fasogbon February 11, 2025

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