Ethereum’s price is currently trading above the moving average lines and below the resistance level of $2,600. There is anticipation of a further rise, with the possibility of reaching highs of $3,000. However, if the current support levels are breached, the altcoin could drop to a low of $2,200.
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Bitcoin Price Stabilizes Within Range, Indicating Potential Uptrend Resumption
Bitcoin’s price has been in a downtrend range since January 12, 2024, fluctuating between $41,500 and $43,600. If the price rises above the moving average lines, it could indicate a resumption of the uptrend, with a potential return to the previous high of $48,000. However, if the bears undercut the current support at $41,500, Bitcoin could fall further to a low of $40,000.
read moreDogecoin Price Stuck Between Moving Averages, Bearish Outlook Predicted
DOGE has been trading within a range between moving average lines, with unsuccessful attempts to break above the 21-day SMA. The long-term outlook for Dogecoin is bearish, with a potential decline if it breaks below the 21-day SMA. The price is currently fluctuating between $0.086 and $0.097, with indecisive price action characterized by Doji candlesticks.
read moreShiba Inu (SHIB) Price Analysis: Bullish Momentum Expected to Continue
The price of Shiba Inu (SHIB) has fallen below the 21-day SMA, indicating a bearish trend. However, if the price stays above the SMA, it is expected to rise and retest its recent high. The altcoin is currently facing resistance at $0.00001150 and could be under heavy buying pressure.
read moreEthereum Price Resumes Uptrend, Targets $2,440 Resistance
The price of Ethereum has rebounded above the $2,300 support level, indicating a bullish trend. If it breaks through the $2,400 resistance, it could reach a new high of $3,000. However, if it falls below the 21-day SMA or the $2,300 support, the bullish scenario will be invalidated.
read moreTRON (TRX) Price Stagnates Below $0.11 Resistance Level
TRON (TRX) is currently trading in a narrow range between $0.10 and $0.11, with the price bars below the moving average lines. If the resistance level of $0.11 is not broken, the cryptocurrency is expected to continue trading sideways. However, if the bears maintain their negative momentum, TRON could drop to $0.097 and then to $0.086.
read moreBitcoin’s Price Action Constrained by Support and Resistance Levels
Bitcoin’s price is currently being constrained by the 21-day SMA support and resistance at $44,700. If the price breaks through this resistance, it is expected to rally above $45,000 and potentially reach a high of $48,000. However, if the price falls below the 21-day SMA support, it may drop to around $40,198. Currently, Bitcoin is trading at $43,291.
read moreEthereum Price Holds Bullish Trend Despite Resistance at $2,300
The price of Ethereum (ETH) remains in a bullish trend zone, with resistance at $2,300 halting its upward movement. Ether is currently trading between the 21-day SMA and the $2,300 resistance level, and a breakout above the current high is expected. Key support levels are at $1,800 and $1,600.
read moreDogecoin Price Analysis: Bearish Trend Continues as DOGE Struggles to Maintain Uptrend
The price of Dogecoin (DOGE) is currently trading below the 21-day SMA but above the 50-day SMA. If the bearish momentum continues, DOGE may fall further to its previous low of $0.07. The altcoin is currently in a range between $0.088 and $0.1050, with a bearish pattern forming as it makes lower highs and lower lows.
read moreCardano (ADA) Price Holds Steady Below $0.65 Resistance Level
The price of Cardano (ADA) has been trading in a range between $0.52 and $0.65, with buyers attempting to test the recent high but being unsuccessful. The altcoin is currently consolidating above the support level of $0.56 and may continue to rise as long as it remains above the moving average lines, potentially reaching a high of $0.80.
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