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Michael Fasogbon

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Market Analysis

TONCOIN PRICE ANALYSIS & PREDICTION (March 3) – TON Stays Above $3 Amid Low Volatility But Posted Minor Gains Today

Last week, TON went through a short consolidation after bouncing off the monthly low. But things have drastically changed this week as the crypto continued to show signs of weakness following a 7% weekly drop. Ton advanced bearish this week and continued to show signs of weakness as it sees a double-digit loss in the past weeks of trading. Interestingly, the $3 level held well on Friday due to a rejection and the price retraced briefly. The price remains weak on the day, but trading supply appears low at the time of writing. An increase in the supply level could cause more drops. Looking back from where it started to drop two months ago, the price looks overstretched on the daily timeframe. A drop off the monthly low would confirm a continuation and, at the same time, position the market […]

Michael Fasogbon March 3, 2025

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Market Analysis

CARDANO PRICE ANALYSIS & PREDICTION (February 28) – ADA Advances Bearish With a 5% Daily Loss, Will $0.5 Continue to Hold?  

The past few days have been more painful for ADA’s traders following a back-to-back loss since the start of the week. It just extended bearish with another break down, posting over 25% decrease in the past week. Before the latest breakdown, ADA was trading sideways after seeing a small recovery from a recent crash. It tried to resume bullish but failed due to volatility contractions, which later caused a multiple rejection. As supply level increases, the volatility expands to the downside and the price drops. The $0.65 support level failed to contain the selling pressure and the price broke down to the $0.58 level today. This has generated a lot of panic today while sellers continue to take charge. Meanwhile, millions of short positions have been liquidated on the futures. Spot traders are currently counting their losses but are still […]

Michael Fasogbon February 28, 2025

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Market Analysis

JUPITER PRICE ANALYSIS & PREDICTION (February 27) – Jup Recovers Slightly From a Year Low, Posts 5% Gains Today

Jup posted a slight gain today due to a little retracement but is likely to face a rejection soon. Failure to resume bearish could lead to a shift capable of bringing the bulls back on track. Mirroring Sol's pattern in the past weeks, Jup continued to show signs of weakness as it fell to $0.634, revisiting its July 2024 low. However, it has marked resistance there and has recovered to where it is changing hands at $0.73 at the time of writing. Meanwhile, its bearish pattern is still in play but is likely to end soon as it appears reaching an exhaustion point. As we can see, the impulsive move has shortened significantly compared to when it initiated drops last month. This indicates signs of reversal, though is yet to materialize. While the retracement move also appears weak, it may […]

Michael Fasogbon February 27, 2025

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Market Analysis

SEI PRICE ANALYSIS & PREDICTION (February 26) – Sei Signals a Shift Following a Recent Breakout, Up 16% Today

Some altcoins have seen a major recovery today, including Sei which is now showing signs of bullish on the daily scale. It faces obstacles, but a flip above $3 should set a new bullish tone in the market. Following a lower low and lower high pattern in the past months, Sei found support after testing $0.18 earlier this month and the price bounced back. This bounce led to a break above a descending trendline, which has been serving as dynamic resistance for two months. The $0.29 level suppressed buying after multiple rejections and the price dropped to retest the broken trendline as support. It bounced back and faced this level again – now considered as resistance. A successful breakthrough should signal a shift, and probably stage a new bullish phase. However, it is important to note that Sei is still […]

Michael Fasogbon February 26, 2025

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Market Analysis

RIPPLE PRICE ANALYSIS & PREDICTION (February 25) – XRP Sees 10% Daily Drop Near $2, Looks Set For a Big Collapse

Breaking down from a brief consolidation phase yesterday, XRP appears weak daily as it signalled a bearish move. It looks set to lose a key level. XRP attempted to resume bullish after managing to hold above the $2.2 level, which has been serving as support for over a month. The buying was intercepted after a week and the $2.85 level halted the bullish move. Marking resistance there, the price consolidated for a week and the price broke down yesterday. The bears reiterated actions today and pulled the price to $2.1. This led to a crackdown on the mentioned support but is not yet significant. A close below the key $2 level could cause a crash. However, looking at the bigger picture, Sol appears ready for a massive drop on the daily chart but the mentioned key level is still acting […]

Michael Fasogbon February 26, 2025

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Market Analysis

TRON PRICE ANALYSIS & PREDICTION (February 24) – TRX Signals Buy But Volatility Appears Low, Can It Resume Bullish?

As many larger cap altcoins have taken a new downturn over the past few days to signal another bearish phase, TRX remains indecisive and continues to trade flat on the daily timeframe.  Tron's native token has been on a trail to resume bullish for some weeks but it seems weak as all attempts to climb back prove abortive. The $0.25 level has been a tough obstacle for the crypto in the past three weeks, although trading volatility is currently low due to a lack of interest. An increase above this level could put the bulls on track as they will likely face more hurdles before regaining full market control. As of now, there's no signal for a buy as the bulls are yet to show strong commitment. If they fail, the market may remain calm and continue to trade sideways […]

Michael Fasogbon February 24, 2025

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Market Analysis

RAYDIUM PRICE ANALYSIS & PREDICTION (February 24) – Ray Dumps to a Three-Month Low Following a 30% Daily Drop, What Happened?

Ray's bearish pattern has finally played out as expected following a colossal drop to a three-month low today. It appeared extremely bearish on the daily chart due to a double-digit loss. As recently spotted on the daily chart, Ray formed a head-and-shoulder (H&S) pattern as it slightly broke down a crucial support level of $4.15 during last week's trading. This support marked the neckline of this pattern but unfortunately failed to break down. The bulls defended it well and the price bounced back to $5. While the bounce was short-lived due to a rejection, the bears stepped back and mounted pressure, closing last week at loss. Starting the first day of the week on a sad note, Ray's supply increased and the price dumped heavily to the $3 level today. This drop has generated a lot of fear and panic […]

Michael Fasogbon February 24, 2025

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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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