• arrow_back Home
  • keyboard_arrow_rightcategories
  • keyboard_arrow_rightMarket Analysis

Market Analysis

Results 31-38 of 38 remove Page 4 of 4

Category filter keyboard_arrow_down
trending_flat

Market Analysis

SHIBA INU PRICE ANALYSIS & PREDICTION (October 17) – Shib’s Bearish Trajectory Remains Intact Amid Latest Recovery, More Drawdown Ahead?

While some altcoins have posted notable gains since the broader cryptocurrency market recovery, Shiba Inu remained in a downward range as it is yet to find a solid ground level for increase.  Shiba started the fourth quarter bearish, with a loss of 7% so far. As most altcoins entered a recovery mode last month, the meme coin maintains bearish and dipped to the low of $0.0000065 last week. It bounced off the low and tested the $0.0000072 level yesterday. Due to a sudden rejection there, the price dropped slightly and looks poised for a bearish continuation. The volatility is currently low but we can expect an expansion as soon as the supply level starts to increase. Due to this, the lower low and lower high formation appeared paused for a while now. A dip below June’s support (serving as the […]

Michael Fasogbon October 18, 2023

trending_flat

Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (October 16) – BTC Bounces Strong Above $27,000, Gains 3% Overnight Amid Fresh Buy

Bitcoin regains strength and starts this week greenish following a strong bounce above $27,000 in the past hours. It looks poise for a massive rally as the bulls stepped back. It saw a 3.5% increase overnight as more lies ahead. Last week, Bitcoin pulled back from a crucial resistance level after surging by almost 20% in September. It managed to find support above the $26,500 level and remained calm for days due to low volatility.  As buying volume increased yesterday, the bulls took advantage of it and pushed the price above the $27,000 level. They reiterate actions today and advance buying to $27,800 at the time of writing.  With the latest price setups, it is essential to note that a breakout and retest pattern has been validated on the daily chart. In addition, a double-bottom pattern is in play. More […]

Michael Fasogbon October 16, 2023

trending_flat

Market Analysis

POLYGON MATIC PRICE ANALYSIS & PREDICTION (October 14) – Matic Remains Calm After Testing $0.5 Support, Where Next?

Matic rolled back this month and remained in a downward range on the daily. However, it seemed to have found support following several drops over the past months. A crack below this support could facilitate more drops. Following last month’s increase, which saw the price broke out of a seven-month resistance line to tested $0.6, the price rolled back and once again found support at the $0.5 level on Thursday – a break and retest pattern. It reacted to this level yesterday and bounced briefly above $0.51. The price looks calm today due to a slight break in bearish momentum. An increase in supply could trigger a bearish continuation in the coming days. But considering the latest choppy price actions, which indicates an exhaustion in selling for the past one month, the asset is likely to see another recovery from […]

Michael Fasogbon October 15, 2023

trending_flat

Market Analysis

ETHEREUM PRICE ANALYSIS & PREDICTION (October 13) – ETH Calms At Support Following A 5% Weekly Drop, Incoming Crash?

Ethereum resumed a downtrend this month following a three-week recovery from a key support level. The price fell slightly below this support after shedding a 12% loss since the start of the month. After rising to the $1,751 level as a retest of August’s breakdown, Ethereum saw a rejection there and the price fell throughout last week. It reiterates actions this week and went through the $1,600 level that was held as support last week. However, the $1,521 level managed to suppress selling pressure yesterday and the price has remained stable ever since. If the pressure resumes in the next few hours, the price may dip to the lower boundary of the channel – which has been serving as support since April. A further drop in price could bring a test at March’s low before retracing slightly upward. As it […]

Michael Fasogbon October 15, 2023

trending_flat

Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (October 12) – BTC Loses $27k As Volume Indicator Continues To Flat – Potential Crash Ahead?

After bouncing off a crucial six-month low in mid-September, Bitcoin saw a 15% recovery in two weeks and retested August’s support as resistance. It initiated a fresh drop from there and now looks weak on a daily. Last week, Bitcoin tested the $28,620 level following a mini-rally in the past month. The bears reacted strongly to the price level and the rally halted with a rejection. That action triggered a drop and the leading coin resumed bearish. This week, the volatility expanded notably and the price fell to the low of $26,600 yesterday, which is considered a retest of last week’s break out of a resistance line. The low-price level was rejected, with a slight bounce as it now changes hands at around $26,800.  The break and retest pattern may become valid if the bulls show a strong reaction above […]

Michael Fasogbon October 13, 2023

trending_flat

Market Analysis

CARDANO PRICE ANALYSIS & PREDICTION (October 11) – Here Is Where ADA Is Heading Next If This Support Breaks

As the overall crypto market cuts $40 billion away in the last 72 hours, Cardano had its fair share as it recorded a 5% loss since last week. The bears have stepped back with a potential breakdown of previous support. After a three-week recovery, ADA encountered resistance at the $0.27 level last week and dropped slowly due to low selling volume. Volatility later increased last weekend and the price fell consistently ever since. This led the bears back in action as they now aim to claim more lows. The price is currently trading at around September’s support – $0.24.  If the price plunges through this support by the end of this week, the next key target level for the bears would be $0.20 in the upcoming week. As shown on the daily chart, that key target level is located at […]

Michael Fasogbon October 12, 2023

trending_flat

Market Analysis

LITECOIN PRICE ANALYSIS & PREDICTION (October 10) – LTC Loses 2% Overnight Amid Fresh Drop, Possible Breakdown Ahead

Since Litecoin experienced a sudden crash in August, it suspended the trend sideways and continued to look for a key area to initiate another sell-off. It now trades in a red zone with a 5% drop in the last 7 days.   Back on July 3, Litecoin reached a peak of $115 after increasing by over 60% in 8 months. A rejection occurred there and the crypto started to lose momentum after several failed attempts to sustain an uptrend in that month.  Fast forward to August with a 20% drop, LTC continued bearish momentum and dumped quickly to $80. It stayed calm for two weeks and later crashed by 35% to $56 in the mid-month – marking the lowest price level this year. LTC wicked at that low and rapidly recovered to retest the important $70 support as resistance. The price […]

Michael Fasogbon October 11, 2023

trending_flat

Market Analysis

BINANCE COIN PRICE ANALYSIS & PREDICTION (October 9) – BNB Could Drop 20% If Price Breaks Down From Range?

BNB looks bearish from the daily outlook, but trading has remained in a range since it found support in August. It recently initiated a drop near this support. A big sell-off should be expected if a crackdown occurs. Binance Coin had suffered a massive loss over the past couple of months. On August 22, the price dipped to a 13-month low of $204, took a break from the dip and subjected the price actions to a sideways movement.  A week's recovery from that low brought a retest at that month’s breakdown support level of $234.8. It marked a resistance there and later closed August’s price at $213. The price later ranged throughout September after failing to increase above $222. Looking at the current market structure, BNB has been in the fall since the start of the month with a 7% loss […]

Michael Fasogbon October 10, 2023

Login to enjoy full advantages

Please login or subscribe to continue.

✖

Go Premium!

Enjoy the full advantage of the premium access.

✖

Stop following

Unfollow Cancel

✖

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation

✖