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STELLAR PRICE ANALYSIS & PREDICTION (March 14) – XLM Slowly Reaches Oversold, But Long-Term Move May Trigger Further Losses

Advancing bearish over the past week, XLM lost chunks of dollars and tested a key price level yesterday. Following a slight bounce, it trades calmly as it holds this level as support while deciding the next move. During the last leg down, XLM posted significant losses and reached an oversold zone from a short-term perspective. Although that could just be the start if the price continues to dip in the long term. As we can see, its bearish pattern – the lower low and lower high move – is slowly becoming smaller by the week. Technically, the impulsive wave appears weaker compared to when it started to fall from the peak level of $0.65 last November. This indicates an exhaustion in the bearish pattern as it might come to an end soon. On the other hand, the pattern reveals that […]

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CARDANO PRICE ANALYSIS & PREDICTION (March 14) – ADA Halt Selling After Posting Major Loss Weekly, Potential Recovery?

As the crypto market paused bleeding yesterday, altcoins recovered well, including ADA, which posted a minor gain. It has further shown strength today following a 5% gain overnight and now looks poised for a surge. ADA’s general outlook remains bearish on the daily chart, although it is now showing signs of strength following a slight recovery. During the last leg down, it stayed well above $0.5, unlike several top altcoins that rolled over to their seven-month low. Prior to the latest recovery, the price suddenly increased above $1 earlier this month, but it later lost grip due to a strong bearish interception and the gains dramatically rolled back. This led to a serious drop throughout last week, and the market closed at a loss. Crossing into this week bearishly, it posted a major loss on Monday and managed to stay […]

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DOGECOIN PRICE ANALYSIS & PREDICTION (March 11) – Doge Sees 6% Gains Amid Meltdown, Possible Recovery Ahead?

After declining by over 20% in a week, Doge found a temporal support today and took a little pause. Bouncing off today’s low, other top meme coins have followed suit, but there's no assurance for a reversal yet. Doge's overall market structure has remained bearish for over three months now as it continues to break lower every week. While several positions have been liquidated on the futures trading, spot traders are still hopeful of a strong recovery while counting heavy losses. However, it may be too late to recover such a loss as the crypto market stylishly signals an ending bullish cycle. Though, there's hope for an increase as the price remains within a buying zone in the long term. A continuous monthly breakdown will confirm a bear season start. Meanwhile, the last 24 hours have marked a tough moment […]

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RIPPLE PRICE ANALYSIS & PREDICTION (March 11) – XRP May Crash Following a Steady Volume Outflow, Holds Above $2

Following a quick dump under $3 last week, XRP turned bearish again and faced a three-month support level with a head-and-shoulder pattern on the daily chart. A major breakdown is lurking around the corner. As top altcoins continued to post significant losses in the past months, XRP remains in the bullish zone and keeps lagging in the face of the dip. However, it looks weak and ready for a crash as it approaches the key $2 level again, serving as critical support for three months. Losing this support could trigger serious bleeding to a new multi-month low. But currently, the selling volume appears low as it lost 3% in the last 24 hours. A significant increase in volume should trigger a break. Meanwhile, after a recent price twerk, the head-and-shoulder pattern remains intact on the daily chart. This pattern validates […]

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MAKER PRICE ANALYSIS & PREDICTION (March 10) – MKR Posts 9% Gains After Locating Support Above $1.2k, Will it Hold?

Facing a tough rejection late last month, MKR resumed bearish and registered over 30% loss in the past week. However, it has managed to stay above $1.2k for two days but there's no assurance if it will hold. Last month collapse to exactly $778 marked MKR lowest price level in almost a year. Though it initiated a retracement following previous bounce patterns and the price increased for three weeks. The $1,800 level posed a threat and the retracement halted in the late month. That led to a drop, and the crypto entered this month on a bearish note. It found support above $1,200 on Friday and increased to around $1,336 after failing to push above $1,388 this morning. The price currently looks weak. Holding well above this support level could fuel a new bullish move on a daily. Such a […]

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HEDERA PRICE ANALYSIS & PREDICTION (March 7) – Hbar Sees 5% Daily Gains as Crypto Market Falls, Still Remains Bearish

Recovering slightly from yesterday's drops, Hbar posted a few gains today as it slowly climbs back. It currently looks strong but will likely resume bearish if the supply level continues to increase weekly. After a short increase last week, Hbar resumes selling on Monday after facing a rejection under $0.3 last weekend. It later found support above $0.2 and increased on Tuesday. The increase halted the following day, and the price dropped. Today, the price increased and showed strength amid the overnight reductions in altcoins' prices. This has brought a minor gain, but with the look of things, there's no assurance if the gain will hold for long. The current daily bearish bias may be sustained during the Asian session. And if that happens, Hbar may lose momentum and join other altcoins in a fresh dip. A change in the […]

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AVALANCHE PRICE ANALYSIS & PREDICTION (March 6) – Avax Jumps 5% in The Latest Increase, But Bearish Trajectory Remains Intact

Today marks another impressive recovery in altcoins as Avax's volatility shrinks with choppy price actions. However, it has posted a minor gain but remains bearish as it slowly recovers. Avax's bearish momentum appeared to be reaching an exhaustion point on the daily chart as the volatility continues to drop with choppy price actions. It found a temporal support but is yet to show signs of bullish. These choppy price actions started after rejecting $21 last month. As we can see, the bears have struggled to sustain pressure ever since. Their weakness may bring an end to this selling phase if the buyers take advantage of it. Having provided a notable discount in the short-term scale, the bulls have shown interest in the past few hours, but their commitments are not strong enough to put them back on track. If the […]

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AAVE PRICE ANALYSIS & PREDICTION (March 5) – Aave Bounces Back, Leads Altcoin Rally Following a 30% Explosion

This week started rough for Aave after a short rally last weekend. But it appeared to have found support and now shows signs of strength. It now leads the daily altcoins rally with an insane gain in the last 24 hours. Initiating drops from a peak of $400 in December, Aave lost more than 50% of its price as it broke through several supports to a three-month low last week. The price recovered, but it was short-lived at $225. A sudden dump from that price level led to a bearish start this week, and the price closed strongly at $170. Things turned out uglier yesterday due to rising supply, and the price broke down slightly to a low of $167.5. A rejection occurred there, and the crypto bounced back above $200. That led to a major buy today, and it […]

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RIPPLE PRICE ANALYSIS & PREDICTION (March 4) – XRP Rolls Back Gain Following a Sudden Sell-Off, Down 4% Daily

Following a new sell order, XRP posted a heavy loss today and is now trading back near a crucial support. A successful breakdown from there could trigger a massive collapse to a new multi-month low. Compared to other cryptocurrencies during last month's trading, XRP registered a little loss and continued to trade well above the $2 level, which has been a critical support for the past three months. It attempted to reverse the trend following a strong bounce back earlier this month, but the momentum was short-lived due to a sudden sell-off yesterday, and the price nosedived. From a technical standpoint, the landscape might change anytime soon due to the sell-off. The $2 level is considered a key support for a major breakdown. Losing it should confirm a head-and-shoulder formation on the daily chart. The target price range to watch for […]

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BINANCE COIN PRICE ANALYSIS & PREDICTION (March 3) – Will BNB Repeat History Following This Bullish Formation?

Following the latest recovery, BNB saw a notable gain and traded back above $600. While slowing down buying today due to a rejection, we can expect a bigger bullish rally if it follows last August's recovery pattern. Binance's native coin has been showing signs of bullish movement since last month, but the signal is not clear yet as it continues to face rejections on the short-term trend. While prices may change anytime soon, it remains within the bearish territory on the daily outlook. However, the market landscape may take a new shape soon following the sudden bounce from a low of $500 in early February. That bounce led to a major recovery, and the price increased to above $700. Sadly, the momentum was short-lived and the asset lost grip. Creating a new support above that low in the late month, […]

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