XRP Crashes Back to $0.30 Amid 30% Daily Drop

Despite the drop, XRP is approaching crucial support levels which are likely to provide a bounce and possibly reverse the bearish trend.   XRP Long-Term Movement At the time XRP was making its 2020 high, the main long-term resistance level was found at $0.

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DOGE Breaks Out and Targets $0.0055

DOGE should continue increasing and break out from the resistance area outlined in the article. Similarly, DOGE/BTC has reached a crucial long-term support area from which a bounce is likely. Breakout and Retest The weekly chart shows that DOGE has been moving upwards since March.

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Monero (XMR) Falls Back but Holds on Above Crucial Support

However, the decrease only served to validate the breakout level and Monero is expected to move upwards once more.   Monero Long-Term Movement The weekly chart shows that XMR is trading between major support and resistance levels of $133-$166, created by the 0.

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XRP Primed for Correction if Crucial Support Fails

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Bitcoin is Resting on a Crucial Support Level; Here’s What Analysts are Saying

Bitcoin and the entire crypto market stalled following the decline seen yesterday afternoon, with bull stepping up and slowing the descent This has marked a continuation of the bear-favoring trend seen throughout the week, as the cryptocurrency has been facing tremendous selling pressure This all began when BTC first broke below $19,000, as this has long been a pivotal level for the cryptocurrency Where the crypto trends in the mid-term should depend largely on where […]

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Ethereum Could Explode Higher if Bulls Defend This Newly Formed Support

Ethereum could be on the cusp of seeing an explosive move higher in the coming few days This notion seems rather surprising, given the weakness seen across the entire market as of late, but its price has been able to hold above one crucial level This level could act as a base for further growth in the days and weeks ahead, and ultimately put the control of its near-term trend back into the hands of […]

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Bitcoin Bulls Defend $17,700, But BTC Still Faces Dangerously Strong Resistance

Bitcoin has faced some intense selling pressure over the past few days, with the response to its recent break below $19,000 being quite bearish This validates the notion that this is a crucial level that the crypto much firmly surmount and flip into support if it is to see any further upside One trader is now noting that, while BTC did rebound off of its key support in the upper-$17,000 region, it still faces multiple […]

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Ethereum Expects to Hit $750 as Price Holds Key Technical Support

Ethereum blockchain native’s token ETH expects to reach $750 in the fourth quarter as it holds above a crucial technical support level. On Monday, the ETH/USD exchange rate attempted to breach a short-term ascending trendline for the tenth time since November 26.

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Here are the Crucial Levels to Watch as Bitcoin Climbs Back Above $19,000

Bitcoin is once again trading above $19,000, as this has been a crucial level for the cryptocurrency that bulls have ardently been trying to flip into support It remains unclear as to whether or not it is going to be able to establish any meaningful support at this level The selling pressure here has proven to be significant in the past, and may continue hampering its growth Where the market trends next will still likely […]

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Compound Finance (COMP) Continues Ascent After Reclaiming Crucial Support

While COMP is expected to continue moving up until it reaches the first upcoming resistance area, it’s not yet clear if the current increase is the beginning of a new upward trend or is simply a retracement.

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Ethereum Could Target $700 Next If Bulls Break This Crucial Resistance

Ethereum has been closely tracking Bitcoin’s price action as of late, which has caused it to see some large volatility Bulls have been trying to secure ETH a stable position above $600, but the selling pressure here has been quite intense Until Bitcoin flips $19,000 into a support level and begins pushing higher, ETH could see some further consolidation One trader is now noting that a strong daily close above $600 could be all that […]

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This Is a Crucial Support Area for SUSHI if It Wants To Maintain Its Bullish Trend

Even though the price has shown weakness, SUSHI is likely to continue rising as long as it’s trading above this level. SUSHI Reclaims Resistance The SUSHI price has been moving upwards since it reached an all-time low of $0.

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UNI Returns to Crucial Ascending Channel Support

The Uniswap (UNI) price has been increasing since it broke out of a descending channel on Nov 5. The price is currently trading inside an important support area which will be crucial in maintaining the current upward trend.

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Ethereum Drops Below Crucial Technical Pattern and Must Hold $430

Ethereum could undergo a stronger drop in the days ahead, analysts say, as the cryptocurrency slides below key support levels. Ethereum Loses Key Support Level on a Short-Term Basis: Analysis A crypto-asset analyst shared the chart below just recently, showing how the coin has moved below a rising wedge pattern.

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Analysts Watch Crucial Bitcoin Support as Altcoins Gain Momentum

Bitcoin has been inching lower throughout the past few days and weeks, with buyers and sellers both being unable to take control of its near-term trend This slight decline has come about following a period of immense strength and stability as it consolidated above $16,000 If it continues trading below this level, its recent $16,500 highs could mark a long-term top Where it trends next may depend on one key support level that an analyst […]

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Indicator Suggests Bitcoin is Overbought; $13,300 Could be Imminent

Bitcoin is currently struggling to hold above its crucial $16,000 support level as buyers and sellers both fight for control of its near-term price action Where it trends next will likely depend largely on the continued reaction to this level, as a sustained decline below it could strike a serious blow to its technical outlook One trader is noting that one technical indicator is suggesting that Bitcoin is overbought at the present moment The same […]

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Chainlink Forms Crucial Ascending Triangle as Analysts Eye Move to $15

All eyes are on Chainlink (LINK) as the altcoin market resumes its recovery. The price of the leading cryptocurrency has gained 25% in the past week, reclaiming the $13 support as buyers have flooded back in.

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Ethereum Could Soon Target $800 as Macro Market Structure Builds Strength

Ethereum and the aggregated cryptocurrency market has been seeing immense volatility as of late Yesterday, ETH declined to lows of $427 before finding some strong support that slowed its descent and sparked a sharp rebound The cryptocurrency has been trying to confirm $450 as a level of support throughout the past few days, as this is a crucial level that must be held above for it to see further upside Where the market trends next […]

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IOTA’s Support Area Could Initiate a Bounce

The IOTA price has been declining since Aug. and is approaching a crucial support level, which is likely to initiate a bounce. However, the IOTA/BTC pair has just reached a new all-time low and should continue falling.

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Chainlink Bounces Off Crucial Support, LINK Aims for $12

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When Will DeFi Coins Stop the Bleeding?

DIA has broken down from a crucial support area and reached a new all-time low price. Neither DIA or the DeFi Index have given signs that a reversal of the ongoing bearish trend is near. DIA Reaches All-Time Low On Oct 7, the DIA price reached a low of $0.

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When Will Ontology (ONT) Find Support?

The Ontology (ONT) price is approaching a crucial support level, which will likely reverse the prevailing bearish trend. While technical indicators do not yet confirm the reversal, they suggest that a bottom is close.

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Uniswap (UNI) technical analysis: bears in control as price drops below a crucial support level

The Uniswap token UNI could dip below $2.00 if bulls fail to break above... The post Uniswap (UNI) technical analysis: bears in control as price drops below a crucial support level appeared first on Coin Journal.

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Cardano, Filecoin, Ethereum Classic Price Analysis: 3 November

Cardano continued to record losses as it fell below crucial support levels. While Filecoin remained neutral after it recorded low volatility on its charts. Further, Ethereum Classic too was seen enterThe post Cardano, Filecoin, Ethereum Classic Price Analysis: 3 November appeared first on AMBCrypto.

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UNI Struggles to Find Support After Breakdown

The Uniswap (UNI) price has broken down from a crucial support level and has been falling since. While the price has shown some preliminary bullish reversal signs, it hasn’t yet been confirmed.

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Is KAVA Close To Reaching a Bottom?

The Kava. io (KAVA) price has almost reached a crucial support level, which could put an end to the decline that has been going on for more than two months. KAVA Approaches Support The KAVA price has been rapidly falling after reaching a high of $5.

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Waves Bounces But Fails to Clear Resistance

The Waves (WAVES) price has been rising since Sept but has reached a crucial resistance level and has been rejected. The most likely scenario seems to be a decline towards the support levels outlined below.

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Basic Attention Token (BAT) Descending Wedge Could Be Bulls’ Last Hope

The Basic Attention Token (BAT) price has broken down from a horizontal support level but is trading inside a bullish reversal pattern. Whether the price breaks out or down from this pattern will be crucial in determining its future trend.

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Ethereum’s Macro Outlook is “Ultra Bullish” Despite Recent Turbulence

Ethereum has been closely tracking Bitcoin’s price action throughout the past couple of days This has caused it to see a notable selloff, with bulls and bears now reaching an impasse as it trades just above its crucial $380 support level A continued defense of this level is key if bulls want to fuel a move higher in the near-term One analyst is now noting that the cryptocurrency’s macro outlook is ultra-bullish despite the recent […]

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0x (ZRX) Struggles to Find Footing, Searches for Support

The 0x (ZRX) price has been decreasing since Aug 21 and is approaching two crucial support levels. Unless the price manages to break out from the current pattern, ZRX is expected to drop back in order to re-test these supports.

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Ethereum bounces off crucial support area but faces major hurdle

Ethereum price is -3.3% down but its rebound above $390 is key to bulls...

The post Ethereum bounces off crucial support area but faces major hurdle appeared first on Coin Journal.

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Charted: Litecoin Price Daily Timeframe Indicates Strong Uptrend To $65

Litecoin started a strong upward move from the $41. 50 support zone against the US Dollar. The price is now trading nicely above the $50. 00 level and the 100-day simple moving average. There was a break above a crucial bearish trend line with resistance near $48.

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Tomochain’s (TOMO) Rejection Casts Doubt On Bullish Prospects

While the Tomochain (TOMO) price is resting above several crucial support levels, technical indicators and the wave count suggests that the price has begun to correct. TOMO Holds on to Support The TOMO price reached a high of $1.

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Charted: Ripple (XRP) Technicals Suggest a Crucial Breakdown Below $0.24

Ripple started a steady decline and traded below the $0. 2500 support against the US Dollar. XRP price is showing bearish signs and it might slide further below $0. 2375. Ripple failed to stay above the $0.

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Ethereum Could Push to $420 if It Flips One Key Level into Support

Ethereum is currently caught within a consolidation phase alongside Bitcoin and its other peers This has made its near-term outlook somewhat unclear, as where it trends next may depend largely on the price action seen by BTC Overnight, an influx of selling pressure caused its price to plunge just over 1%, with this decline sending it below the crucial $380 level This level has long been pivotal for Ethereum, and its recent break above it […]

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Cardano, Waves, Enjin Price Analysis: 15 October

While the altcoin Enjin continued to record losses as it fell below crucial support levels, Waves remained bullish after it recorded heavy buying pressure on its trading charts. Cardano, on the contraThe post Cardano, Waves, Enjin Price Analysis: 15 October appeared first on AMBCrypto.

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Charted: Chainlink (LINK) Near Crucial Juncture, $10.50 Holds The Key

Chainlink (LINK) started a downside correction from the $11. 80 zone against the US Dollar. The price is now trading near a major breakdown support at $10. 60 and $10. 50. Chainlink token price is correcting gains from well above the $11.

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Bitcoin Holds Steady Above $11,200 Support

Bitcoin (BTC) has broken out from a crucial resistance level and validated it as support afterward. After a possible short-term decrease, the price is expected to resume its upward movement. BTC Trading Range The Bitcoin price has been increasing since Sept 8, when it reached a low of $9,825.

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“Ichimoku Cloud” Hints Bitcoin is Finally Recovering From a Crucial Area

The Ichimoku Cloud is a momentum indicator often used in technical analysis to gauge an asset’s trend. It is currently indicating that Bitcoin (BTC) is healthily recovering from an important support area.

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Will COTI Break Out From Its Descending Wedge?

The COTI price has fallen below a crucial long-term support level, but is trading inside a bullish pattern and has shown several bullish reversal signs. A breakout from the current pattern would likely indicate that the price has reversed its trend and has begun an upward move.

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Yearn.finance (YFI) Likely to See a Relief Rally as It Approaches Crucial Level

Yearn. finance’s YFI governance token has been sliding lower throughout the past week, with sellers being in full control of its price trend as its buying pressure evaporates. This has caused the cryptocurrency to break below multiple crucial support levels that had previously been acting as robust support.

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Bitcoin Is On the Precipice of Losing Two Crucial Support Levels

Bitcoin’s price action has been slow over recent weeks. This has allowed crucial technical support levels to catch up with the current price. Analysts say that Bitcoin is on the verge of falling below two support levels of macro importance.

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Two Altcoins That Are Trading Near Their All-Time Lows

The Serum (SRM) price has broken down from a crucial support level and has been falling since, creating a new all-time low. Meanwhile, Penta (PNT) has done the same, but the possibility of a reversal is higher.

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Bitcoin In Midst of “Losing Some Steam” as Crucial Support Levels Near

Bitcoin has pushed considerably higher since falling to $10,400 this week on news that BitMEX was being charged by the CFTC. The cryptocurrency wicked as high as $10,760 just a day ago as buyers re-enter the market.

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Gold Is Poised to Retake a Crucial Support—and That’s Bullish for Bitcoin

Bitcoin has seen muted price action over the past few days after plunging from the $10,900 weekly highs as a result of negative new regarding BitMEX. Gold may soon be primed to retake a crucial support level on a medium-term scale, which may help to boost BTC after the aforementioned correction. Related Reading: Ethereum Transaction […]

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Why One Bitcoin Analyst Believes the Market is “Scared for All the Wrong Reasons”

Bitcoin’s price action as of late has been driven by a combination of recent news developments, jitters within the macro-economic environment, as well as technical weakness. That being said, these factors have not been enough to push the benchmark cryptocurrency below any crucial support levels, as it is still trading within the macro trading range […]

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Ripple (XRP) Reaches Crucial Juncture: Technicals Suggest Crucial Breakout Pattern

Ripple is holding the key $0. 2380 support zone against the US Dollar. XRP price must climb above $0. 2450 to increase the chances of an upside break above $0. 2550. Ripple is likely forming a crucial breakout pattern with support near $0.

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Uniswap’s UNI Token is “In Trouble” as It Breaks Below Crucial Support

Despite the entire crypto market currently showing signs of strength, Uniswap’s governance token – called UNI – has been struggling throughout the past day, with sellers gaining full control of its near-term trend.

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XRP’s Bullish Formation Remains Intact After Reclaim of Crucial Support

The XRP price began an upward move on Sept, 24, and reclaimed a crucial support level from which it had purportedly broken down. This is a bullish sign that suggests that the price is likely to continue moving upwards.

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