Ethereum’s price has dropped below the $3,700 support level, signaling a resurgence in selling pressure. The cryptocurrency is expected to fluctuate between the 50-day SMA and the 21-day SMA, with potential lows at $3,400 and $3,200. The bearish trend indicates a threat of short selling as Ether struggles to maintain its position.
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Shiba Inu Price Analysis: Long-Term Range and Support Levels Identified
Shiba Inu (SHIB) prices have been trading in a range between $0.00002100 and $0.00002900 since April 13, 2024. Despite recent declines, the moving average lines remain horizontally sloped, with strong buying pressure indicated by extended candle tails. The cryptocurrency is currently valued at $0.00002311, with key support levels at $0.00000600, $0.00000550, and $0.00000450, and key resistance levels at $0.00001200, $0.00001300, and $0.00001400. The next development for SHIB is a potential extension of the downtrend towards the previous low of $0.00002100, which has held since April 13, 2024.
read moreXRP Price Analysis: Altcoin Hovers Around $0.49 Support Level
The price of Ripple (XRP) has fallen to $0.45 before recovering and is currently hovering between $0.46 and $0.54. It has established support above $0.49 since April 17, and if it remains at this level, it will resume its movement within the limited range. The altcoin is currently in a sideways trend, with key resistance levels at $0.80 and $1.00, and key support levels at $0.40 and $0.20.
read moreLitecoin Price Analysis: Trading in Narrow Range, Resistance at $84
Litecoin’s price has been fluctuating around $84, facing resistance at the 21-day moving average line. If it breaks above $84, it could rise to $89, with further potential to reach $103. Currently, Litecoin is trading in a narrow range between $82 and $86, with a continuation of range-bound movement expected.
read moreShiba Inu Price Analysis: Current Status and Future Outlook
Shiba Inu (SHIB) prices have recovered and are currently trading in a range between $0.00002200 and $0.00002800. The cryptocurrency’s bullish momentum was halted at $0.000030, and it is now hovering around $0.000025. The altcoin’s future movement will depend on its ability to maintain support above $0.000028 or risk falling below $0.000022.
read moreCardano Price Analysis: Consolidation Near Support, Rebound Potential Ahead
Cardano’s price has fallen below moving average lines after facing resistance at $0.51, leading to a range-bound movement between $0.42 and $0.51. The altcoin’s next move hinges on maintaining the current support at $0.42, with key resistance and support zones at $0.80, $0.85, $0.90 and $0.50, $0.45, $0.40 respectively. The 4-hour chart indicates a drop below moving averages, with the altcoin’s negative momentum slowing above the $0.44 support, suggesting a period of consolidation.
read moreLitecoin Price Analysis: May 2024 Forecast and Technical Indicators
Litecoin’s price has been fluctuating between $73 and $84, with a potential to rise to $100-$110 if it surpasses the 50-day SMA. The altcoin is currently trading at $83 and is expected to continue its upward trend if it breaks above the 50-day SMA resistance at $87.
read moreTRON’s Price Forecast: Bullish Trend Continues, Reaching $0.126 on May 11
TRON’s price has surged to $0.126, trading above moving average lines and indicating a bullish trend. The altcoin is expected to reach a high of $0.144, with a potential resistance at $0.14, while technical indicators suggest an upward move. The 4-hour chart shows TRON in an uptrend, with a potential rise if it finds support above the 21-day SMA after a pullback from the resistance level of $0.128.
read moreSolana’s Uptrend Faces Resistance Near $160, Long-Term Forecast Bearish
Solana’s price has reached $160 and is showing a positive upward trend, with the cryptocurrency currently trading at $158. The analysis suggests that if Solana breaks through the resistance at $160, it could rally to previous highs of $200 and $210, but if the recent high is broken, it may initiate a sideways movement.
read moreQuant’s Price Analysis: Sideways Trend with Key Support Above $100
Quant’s price has been fluctuating between $91.50 and $105.50 since April 14, 2024, with recent lows of $93.44 and a high of $106. The altcoin is currently valued at $97.96, trading below the 21-day SMA resistance line but above the $91 support. The analysis suggests that if the resistance line is broken, the sideways trend will end, and the altcoin may resume its uptrend.
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