Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
ETH Price Analysis
XRP Ready to Upsurge Above $0.19 while ETH Could reach $200
XRP/USD Pair Price Analysis The XRP/USD traded to a fresh weekly low at $0.1740 before it began a new rally in line with Bitcoin and Ethereum. The pair witnessed an upsurge above barriers at $0.1800 and $0.1850 to enter into a positive area. The pair established itself over the 100 hourly SMA. It attained a fresh weekly high close to $0.1935 and it is now retracing lower. The pair moved beneath $0.1900 and it is currently close to a key support…
5 years ago
ETH Could Incur a Rally While XRP is Ready for one
ETH/USD Pair Price Analysis The ETH against the USD pair experienced a modest recovery over the barrier at $155 within the previous three sessions. The pair settled well over $155 pivot level as well as the 100 hourly SMA. As it continued to the upside, it was able to test the initial major barrier close to $160. Nevertheless, a look at the pair’s hourly chart shows two active declining trend lines in the week with barrier close to $160 and…
5 years ago
Ethereum Price Moving Towards a Major Resistance; XRP May Retrace To $0.165
ETH/USD Pair Price Analysis The ETH/USD pair was able to settle beneath $160 before it began a new bearish wave. This led to price levels beneath $155 into a short-term bearish area. The pair continued beneath $150 and established itself beneath the 100 hourly SMA, thereby attaining a fresh monthly low at $148. It started retracing after it broke the barrier at $152. Nevertheless, it is currently encountering some barriers close to area between $156 and $157. On the pair’s…
5 years ago
Risks of Bounce Increase for Ethereum; XRP is at Risk of a Huge Decline
ETH/USD Pair Analysis In recent times, the ETH/USD pair began a modest upsurge from the $150 support zone. The pair surged higher over the barriers at $155 and $160. A look at the pair’s hourly chart shows the formation of two major declining trend lines with barrier close to $161 and $165. The pair was able to form a swing high close to $163 and the pair fell heavily. The latest fall led to a break of the $150 support…
5 years ago
Bitcoin: 100 SMA May Bring About A Fresh Upsurge; Ethereum Remains Upside Over $145
BTC/USD Pair Price Analysis Over the previous week, the attempt by the BTC/USD pair tried to surge over two barrier levels ($7.4k and $7.5k) failed. The pair attained $7,470 and in recent times began to fall. It was able to break the $7.2k support level to land in a declining area. The pair’s 4-hour chart shows a break beneath a key bullish trend line with support at $7.2k. Currently, the pair is close to a critical support at $6.7k and…
5 years ago
ETH May Test Levels Above $175; Possibility of Huge Decline For XRP
The $175 barrier mark was tested by the ETH/USD pair just before a subsequent minor correction. While the pair dropped below $170 as a result, it still was over $168. The latest high attained by the pair was close to $173 and it is now consolidating gains. Powerful support is however being formed at around $170. The hourly chart shows the formation of a key contracting triangle with the barrier near the $174 mark. If the ETH/USD pair can surge…
5 years ago
Bitcoin and Ethereum Price Analysis Against USD
BTC/USD Pair Price Analysis The BTC/USD pair was able to secure traction yesterday thereby surging above two barrier levels ($6,980 and $7k). Currently, the pair is trading well over $6.5k and $7k barrier levels. A look at the pair’s hourly chart shows that a remarkable barrier waits close to $8k and 100-day SMA on the way to the upside. Likewise, on the same chart, there is the formation of a major declining trend line with barrier close to $7,880. The…
5 years ago
ETH Set For a Quick Rally as XRP Traders Keen on New Monthly High Above $0.20
Recently, the ETH/USD pair has tried to stabilize above the $145 barrier. However, it couldn't achieve that. It initially formed a swing high near the $ 146 level only to dip below $ 142. That notwithstanding both the Support at $140 support and 100 hourly SMA protected decline. Currently, the pair is experiencing an upside and is over $142. Curtailed Gains Examining the pair's hourly chart indicates a surge over a crucial selling trend line with a barrier near $142.…
5 years ago
BTC Shows Potential Upsurge while ETH Could Meet A Huge Decline
The BTC/USD pair gained some traction yesterday surging over two barrier levels ($6,980 and $7k). At the moment, the pair is trading above the $6.5k and $7k barrier levels. Medium-Term Uptrend The pair’s hourly chart shows that a robust barrier towards the upside awaits near the $8k level and 100-day SMA. Again, the chart indicates the formation of a key declining trend line whose barrier is close to $7,880. A medium-term uptrend could emerge depending on the buyers' ability to…
5 years ago