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Michael Fasogbon

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Market Analysis

MAKER PRICE ANALYSIS & PREDICTION (March 27) – MKR Posts Major Gains After Slight Pullback, Signals Bullish

This month's bounce has brought a notable increase in MKR's price as it now sits well above $1.4k, following a 15% gain in the past week. It has formed a new bullish pattern and looks ready for a big rally. During last week's trading, MKR rejected $1,360 after initiating a fresh buy above $1k in the preceding week. This led to a slight pullback, and the crypto closed that week on a bearish note. Things turned out positive this week as volatility increased and the price surged consistently to where it is trading above $1.4k. This surge signals a rising demand on the daily chart, and with the look of things, the price may rally hard soon. As we can see, the trading landscape has changed a little with a higher low pattern on the daily chart. The currently formed […]

Michael Fasogbon March 27, 2025

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Market Analysis

CURVE DAO PRICE ANALYSIS & PREDICTION (March 26) – CRV Taps a Month High After Posting 12% Gain Daily, Eyes $0.6

CRV is up 10% today as it continued to gain traction daily following a slight bearish break across the crypto space. The price looks strong on the day as it slowly shows signs of strength amid the latest recovery.  In the last clampdown, CRV shed a lot of loss as the price rolled back to a low of $0.35 for the first time in four months. Luckily for the bulls, the low held as support and the price bounced back in the second week. Following the bounce, the price recovered by over 30% to $0.566 today. This increase shows signs of bulls as the demand level increases on the daily chart. It is approaching the $0.6 level at the time of writing. A push above this key level could fuel a major rally, while it faces resistance. On the other […]

Michael Fasogbon March 26, 2025

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Market Analysis

BONK PRICE ANALYSIS & PREDICTION (March 25) – Bonk Registers Highest Daily Gain in Months Following 30% Rallies

Bonk Inu and a few other meme coins are in the spotlight today following a significant surge in the past 24 hours. While under a retracement, the trend may change if the demand level increases. Following a slow and steady increase since the market suspended drops about two weeks ago, Bonk has seen a nice recovery as it continues to show strength daily. Meanwhile, the last 24 hours have been impressive following a major price increase, recording its highest daily gain for the first time in almost months. Although the price was slightly rejected to where it is changing hands at $0.0000137 at the moment. However, it is pertinent to note that the current buying phase is considered a retracement move of the previous bearish momentum. Therefore, we can expect selling pressure to resume shortly. As we can see on […]

Michael Fasogbon March 25, 2025

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Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (March 24) – BTC Retakes $87k Amid Rising Volume, Continues to Suspend Bearish

Since bouncing off $76.6k two weeks ago, Bitcoin has shown signs of strength, but remains bearish on the monthly scale. While looking for a retest, it will most likely resume bleeding as soon as supply increases.  Bitcoin continues to recover daily as it took a temporal break in the short-term correction, which led to a serious bleeding since the start of the year. Its long-term structure remains bullish, but things might get worse for the primary crypto if the price dips below the rising trendline. Adding over $10k to its price in 13 days, it is now trading well above $87k following a 3% increase in the last 24 hours. The price appears strong today as it slowly charges at the key $90k level amid volume inflow. This level will likely pose a threat as soon as it reaches there. […]

Michael Fasogbon March 24, 2025

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Market Analysis

KAVA PRICE ANALYSIS & PREDICTION (March 21) – Kava Breaks Out of Resistance Line Following a 12% Jump in a Week

Kava has been in a correction for months, but it is changing trend following a recent breakout of a key resistance line. On the daily chart, it looks bullish while slowly shifting trends. Last week marked a little relief in bearish for Kava as the price bounced off $0.38 with a surge. This led to a steady increase and the price tested a short-term falling resistance line at $0.51. Closing that week under this level due to a rejection, the buying pressure stopped and it retraced a bit. Volatility increased this week and the crypto pushed back but later found it difficult to break through following another rejection. This activated a pullback on Tuesday and the price climbed back the following day. Despite the multiple rejections, the price significantly broke through this falling resistance line yesterday after several failed attempts. […]

Michael Fasogbon March 21, 2025

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Market Analysis

RAYDIUM PRICE ANALYSIS & PREDICTION (March 20) – Ray Enters Recovery Mode After Locating Support, Increases 8% Today

Locating solid ground last week, Ray increased briefly and remained in consolidation for days before showing a little strength this week. It encountered resistance yesterday and now trades calm at the moment. After testing a six-month low last week, Ray took a break from selling and traded calmly throughout the week. The trading landscape changed a little this week following a steady price increase since Monday. Yesterday, the crypto faced a rejection and dropped to where it is priced at $1.93. Despite that, the market is still looking positive today, but the next move looks dicey as it trades indecisively over the past hours If the price continues to increase, Ray could see more recoveries, and at the same time, reclaim some lost key levels during the crash. After that, we can expect bearish actions to resume at full speed. […]

Michael Fasogbon March 20, 2025

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Market Analysis

RIPPLE PRICE ANALYSIS & PREDICTION (March 20) – XRP Remains Above $2 But is Likely to Lose Grip Soon

XRP survived last week’s bearish heat and finally managed to hold above a critical support level when they struck the market with another heavy supply. Facing a rejection, it now trades calmly after a bounce.  Last week's trading started painfully as several altcoins posted double-digit losses due to a severe decline. During that period, XRP was on the verge of breaking below $2, which has been a critical support level for months. Surprisingly, the price bounced back and increased to where it currently trades at $2.3 after a slight rejection. This led to a suspense in the drop and the price is now looking strong on the day. Following the recent price bounce, which looks more like a retracement movement, XRP will likely resume bearishness anytime soon. It seemed to be gathering momentum for a big crash on the daily […]

Michael Fasogbon March 19, 2025

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Market Analysis

ETHEREUM PRICE ANALYSIS & PREDICTION (March 20) – ETH Calms Due to Low Supply But More Dips Lie Ahead 

From a peak of $4.1k to a low of $1.75k in three months, Ethereum lost over 60% of its price during this bearish phase and remained extremely weak on a daily, with no signs of a recovery at the time of writing. Looking back, Ethereum has posted huge losses in the past months as bullish sentiments completely fade away. However, it managed to stay above $1,750 during last week's drop and bounced slightly. This bounce saw the price briefly above $1.9k but it later lost buzz after failing to retest the important $2k level that broke down in the preceding week. While looking strong today, it is gathering momentum for another leg down. ETH supply level currently looks low, but once it increases, we can anticipate a move into the $1.6 range, which has been the crypto’s major target range […]

Michael Fasogbon March 19, 2025

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Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (March 20) – BTC Selling Remains Intact as it Consolidates For The Next Drawdown

The past few days have been a relief in the crypto space as Bitcoin bounced off a new multi-month low with a 59% market dominance. This brought slight gains but is now consolidating for the next major move. This year has been very rough for Bitcoin following a consistent weekly drop since it lost grip above the historic $109k level last December. Aside from the huge loss, this drop has generated a lot of controversy among traders and investors, and at the same time raised concern about whether the price will bounce back or not due to the fear, uncertainty and doubt – FUD surrounding the space lately. But still, the bulls remain hopeful of a positive move once it finds a solid ground level. However, the primary crypto has taken a little break in selling over the past week […]

Michael Fasogbon March 19, 2025

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Market Analysis

MAKER PRICE ANALYSIS & PREDICTION (March 17) – MKR Signals a Fresh Increase Above $1k, Potential Shift Ahead 

Following several ups and downs in the past month, MKR found support this week and is now showing signs of strength due to a 7% increase in the last 24 hours. It signals a shift but is unclear at the moment. Last month saw MKR through a notable increase after dropping straight for three months, although the increase was quickly short-lived under $1.8k and the crypto lost grip. After two weeks of bearishness, it stayed well above $1k this week and traded calmly after multiple rejections. Holding this psychological level as support, it has shown strength today due to rising demand but still needs to close above well $1.2k to validate a bullish move. If that happens, we can expect a major rally in the next few days. A rally above the previous monthly high should trigger a shift. In […]

Michael Fasogbon March 16, 2025

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