Price analysis 10/25: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI
Bitcoin and several altcoins are attempting to resume their uptrend, but higher levels are likely to witness strong resistance from the bears.
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Bitcoin and several altcoins are attempting to resume their uptrend, but higher levels are likely to witness strong resistance from the bears.
Traders are watching to see if BTC’s bounce of the 20-day moving average resumes the uptrend. Meanwhile, SOL, AVAX, ALGO and AXS are preparing for a move higher.
The latest price jump of SHIB token is attributed to an ongoing bullish trend from Oct. 15, which was followed by a week-long support at roughly $0.00002796.
Key Support level: $0.000032 Key Resistance level: $0.000035 Yesterday, SHIB had broken above a descending triangle formation, as seen on the following chart. Initially, it got rejected at the $0.00003…
Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH price by just $1, according to…
BTC and ETH reversed course as both assets search for underlying support, suggesting that bears are attempting to trap over-leveraged bulls.
Ethereum This week, Ethereum managed to rally over 8.5% and nearly touched the all-time high at $4,380, missing it by $5 (Bitstamp). The momentum remains bullish and the price is…
“The Market Report” with Cointelegraph is live right now with special guest Big Cheds, a professional trader and one of the founding analysts of Bitcoin Live.
Key Support level: $2; $2.2 Key Resistance level: $2.4; $3 As indicated in the previous analysis, Cardano (ADA) has attempted to break away from the descending channel several times and…
Bitcoin’s breakout to $67,000 also sent the total crypto market capitalization to a new all-time high and is a signal that altcoins could soon embark on a new uptrend.