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Michael Fasogbon

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Market Analysis

TONCOIN PRICE ANALYSIS & PREDICTION (April 9) – TON Rolls Back After Failed Bullish Signal, is Support Nearby?

TON is back in a downward spiral after recently forming a bullish pattern. Triggered by multiple rejection, it has shed over 20% loss since it initiated drops and is now rolling back to its recent monthly low. After the last month's bounce off $2.3, which came after a back-t-back sell, TON initiated a surge and formed a V-shaped pattern. This led to a significant price recovery, and the market turned bullish, triggering a lot of positive sentiments. Meanwhile, the bears were also on the watch, looking for a key level to step back in action. They eventually won the tussle, and the price went in their favour after facing rejections at the $4.2 level – marked resistance. This rejection invalidated the bullish signal and they are now in disbelief of the latest move. However, there's still hope for them if […]

Michael Fasogbon April 9, 2025

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Market Analysis

DOGECOIN PRICE ANALYSIS & PREDICTION (April 8) – Doge Faces Sharp Rejection After Testing a Six-Month Low, Posts Gains

Dogecoin crashed to a six-month low yesterday after witnessing many roller coasters in the past months. However, due to a rejection, it has recovered well from the crash and now posts double-digit daily gains. Following a new drop from the $0.2 level two weeks ago, Doge resumed selling and broke down to a new multi-month low of $0.129 yesterday amid rising supply. Marking this level as support, a rejection occurred, and the price quickly recovered with a dragonfly candle close. That triggered a buy today and is now changing hands at $0.15. Closing today’s price with an engulfing bar could fuel a major move above last week’s high, facilitating a short-term retracement before sliding back. If such a retracement leads to another buying phase in the long term, the trend may reverse completely after fully recovering to the peak level, […]

Michael Fasogbon April 8, 2025

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Market Analysis

BINANCE COIN PRICE ANALYSIS & PREDICTION (April 7) –BNB Slides to a Month Low Following 15% Daily Loss, Will $500 Hold?

Following the late March's drops that hit the entire crypto space, BNB slowly lost momentum and later dipped below $600. Bringing the bears back, it appears weak daily following a significant loss in the past hours. BNB's trading landscape has turned bearish again after signaling a buy in March. The buying was intercepted at $645 and the price closed weak. Leading to a major sell-off this month, it lost momentum and crashed to a daily low of $520. A bounce occurred and the price retraced to $567.6 on the hourly chart, although the bearish action remains active. Things are still looking ugly on the daily chart as there's no signs of halt yet. Meanwhile, the hourly bounce has brought a slight relief. If the price continues to bounce, BNB may retest previous broken key levels before sliding back. Looking at […]

Michael Fasogbon April 7, 2025

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Market Analysis

ARBITRUM PRICE ANALYSIS & PREDICTION (April 7) – ARB Advances Bearish With a Fresh Breakdown, Will $0.2 Hold?

Arbitrum's native token has continued to show signs of weakness as it hibernates bullish cycle with another major reduction this week. A continuous dip could set the market up for a macro bearish phase.  ARB and many other cryptos are slowly signaling a macro bearish phase with the latest daily down surge on the daily chart. Although there's still hope for a recovery, but things might get worse in the next few weeks if the bulls fail to counter the ongoing move. Looking back, it has lost almost 80% of its valuation since the price started to drop in December. This loss has led to several breakdowns of key support levels, and as we can see on the daily chart, the market has failed to reclaim the lost key levels. The current breakdown indicates more incoming drops, and with the […]

Michael Fasogbon April 7, 2025

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Market Analysis

CARDANO PRICE ANALYSIS & PREDICTION (April 6) – ADA Stalls Above $0.6 Ahead of Major Crash, Gathers Momentum

It has been a calm week for ADA despite the ups and downs across the crypto space. However, the asset is still under the bears' watch from a mid-term perspective as they gather momentum for bigger drops. ADA's bearish structure remains on the daily chart, but it appears to have subjected the trend to a sideway move as the bears take a break. This sideways movement indicates an extreme drop in volatility, but things are likely to get uglier soon than later as it appears to be gathering momentum for the next major move. While the recent drops have put few altcoins back on a sell mode, it is most likely to follow suit soon. However, it is important to note that the $0.6 level may pose a threat. This level has been serving as a key support since February. […]

Michael Fasogbon April 6, 2025

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Market Analysis

EOS PRICE ANALYSIS & PREDICTION (April 4) – EOS Defies Market Odds as it Pushes Towards $1, Are The Bulls Back?

As several altcoins take a downturn in the past week, EOS continued to show strength and registered another 5% gains overnight. It currently faces some hurdles, but appears bullish daily. Following this week's price break from a month resistance of $0.67, EOS advanced buying and reached a high of $0.88 yesterday after facing small hurdles on Tuesday. This came as a result of steady rising demand, but it has slowed down buying due to a rejection. Despite that, the trading landscape has changed on the daily chart, and as we can see, the price is strong while following a positive sentiment. More surge in volatility is needed to validate a major reversal. Though the trend is changing but is yet to get out of the wood as it remains bearish in the mid-term. The double-bottom pattern mentioned in the previous […]

Michael Fasogbon April 4, 2025

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Market Analysis

AVALANCHE PRICE ANALYSIS & PREDICTION (April 4) – Avax Advance Selling After Rejecting $20, Eyes Recent Low

As Bitcoin took a downturn last week, several altcoins followed suit, with Avax posting a major loss in the past few days. This ushered the bears back into the market as they aim to reclaim the monthly low. Last month saw the bulls through a relief following a notable recovery from $15. However, things are heating up from the bears' side as the market failed to push above the $20 level yesterday. Following this sudden drop, Avax is now trading at $18 with no sign of slowing down. A bearish weekly close could fuel a bigger drawdown in the coming week. A crack below March’s low could fuel a serious dip to a new yearly low before rebounding. If the mentioned monthly low bolsters well, we may see a fresh bullish move with a double-bottom formation. That could lead to […]

Michael Fasogbon April 3, 2025

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Market Analysis

SOLANA PRICE ANALYSIS & PREDICTION (April 2) – Sol Stagnates Above $120 After a Week Drop, Where next?

Sol's volatility currently appears low on the daily chart due to a lack of interest. While the crypto's outlook remains bearish on a short-term scale, it may resume drops if the supply level increases. Last month was a bit calm for Sol as it bounced off $112, leading to a notable recovery after months of consistent decline. This brought small gains as selling was temporarily suspended. It later ended the month on a sad note as the price rolled over after failing to push above the $145 level. However, things have become stagnant for days due to lack of interest and is now trading flat. While this reveals a volatility contraction on the daily chart, we can expect a sudden price movement once it finishes gathering liquidity on the lower timeframe. An expansion to the downside is much more expected […]

Michael Fasogbon April 2, 2025

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Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (April 2) – BTC Resumes Drops But Found Temporal Ground as it Hold Above 81k

The first quarter of this year has been rough for Bitcoin following an over 20% correction. While there's still hope for a recovery, we can expect a positive turnaround if the bulls show strong commitment.  Last month came with a lot of relief following a bounce off the $76.6k level, but things later turned ugly as Bitcoin short-lived the momentum under the $89k level due to a bearish interception. It lost steam afterward and closed that month on a weak note. However, the $81k level has temporarily provided support, and it’s now trading calmly on the first day of the new month. While negotiating the next major move, the bears may mount pressure to attack the $80k level. This level corresponds with the rising support trendline, which has been forming since August 2024. A breakdown there could bring us back […]

Michael Fasogbon April 1, 2025

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Market Analysis

CRONOS PRICE ANALYSIS & PREDICTION (March 28) – CRO Posts 7% Gains as Several Altcoins Bleeds, Can it Sustain Pressure?

CRO’s price has remained strong on a weekly scale, but is now facing serious hurdles amid retracement. However, it has posted a major gain scale while several altcoins are currently in the red. This month marks a temporal halt in CRO’s price after three months of steady drops. After establishing support, it initiated a buy and retraced but the $0.1 level posed threat and the price dropped into consolidation. Following this week’s surge that sent the price to a month high, it faced a rejection and paused buying pressure on Tuesday. This led to a drop throughout Wednesday, but the bull defended the $0.1 level well and pushed the price back yesterday with a strong close. They sustained the pressure earlier today before facing a rejection again at around $0.11. This level has been a tough hurdle for the bulls […]

Michael Fasogbon March 28, 2025

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