Bitcoin Cash (BCH) Surges Past $200, Price Up 20%

Bitcoin cash price rallied significantly and broke the $180.00 and $200.00 resistances. BCH gained more than 20% and followed a pattern similar to bitcoin’s recent rise towards $5,000.

  • Bitcoin cash price started a strong rise above the $180.00 and $190.00 resistance levels.
  • BCH cleared a crucial ascending channel with resistance at $175.00 on the 2-hours chart.
  • The price climbed sharply above the $200.00 level and it could continue to move higher.

Bitcoin Cash Price

Bitcoin Cash Price Analysis (BCH to USD)

There was a steady base formed in bitcoin cash price above the $152.00 and $155.00 levels against the US Dollar. BCH/USD rise gained pace after today’s bitcoin assault. It rallied more than 20% today and it even surpassed the $200.00 barrier.

Bitcoin Cash Price Analysis BCH Chart

Click to Enlarge Chart

Looking at the hourly chart of BCH/USD, the pair followed a bullish pattern from the $148.00 swing low. It climbed above $150.00 and later settled above the $160.00 barrier and the 25 simple moving average (2-hours) to setup a strong upward move.

There were similar waves formed inside a crucial ascending channel with resistance at $175.00 on the same chart. Finally, the price broke to the upside and cleared the $180.00 and $185.00 resistance levels.

The upward move was strong as the price climbed above the $200.00, which is a strong bullish sign. A fresh 2019 high was formed at $205.63 and the price is likely to continue higher in the near term. An immediate resistance is near the $210.00 level, where sellers might emerge.

On the downside, an immediate support is at $195.00 or the 23.6% Fib retracement level of the last wave from the $166.66 low to $205.63 high. If there is a major downside correction, the price might test the $185.00 support zone.

The $185.00 zone also coincides with the 50% Fib retracement level of the last wave from the $166.66 low to $205.63 high.

Overall, there was a strong rise in the crypto market and there are chances of more gains in bitcoin cash (BCH), bitcoin (BTC), Ethereum (ETH), ripple (XRP), cardano (ADA), and other altcoins in the coming sessions.

The market data is provided by TradingView, Coinbase.

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Litecoin (LTC) Price Rallies To New 6-Month High, $80 Next?

Litecoin price rallied above the key $64.00 resistance and surged more than 15%. LTC followed bitcoin’s rise and traded to a new 6-month high above $70.00.

  • Litecoin price gained bullish momentum after it broke the key $64.00 resistance area.
  • LTC broke a contracting triangle with resistance at $61.50 on the 2-hours chart to move into an uptrend.
  • The price surged above the $65.00 and $70.00 levels, with a lot of bullish moves.

Litecoin Price

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Litecoin Price Analysis (LTC to USD)

Today, there was a sharp rise in bitcoin price above the $4,800 resistance. BTC rallied close to 20%, dragging altcoins like Ethereum, ripple, litecoin, bitcoin cash and EOS to the upside. LTC price started a significant rally above the $64.00 barrier and climbed more than 15%.

Litecoin Price Analysis LTC Chart

Click to Enlarge Chart

Looking at the 2-hours chart of LTC/USD, the pair formed a solid support base above the $60.00 level. Later, it broke the $62.00 resistance and the 25 simple moving average (2-hours) to kick start a significant upward move.

Besides, the price broke a contracting triangle with resistance at $61.50 on the same chart. Finally, there was a break above the $64.00 barrier, which led to a strong rise above the $65.00 and $70.00 resistance levels.

The price traded to a new 6-month high above the $71.00 level and it seems like the current rally is far from over. If there is a downside correction, the price might find support near $70.00 or the 23.6% Fib retracement level of the recent upside from the $60.63 low to $71.94 high.

If there is an extended downside correction, sellers may push the price back towards the $65.00 support area and the 50% Fib retracement level of the recent upside from the $60.63 low to $71.94 high. The main support on the downside is near $64.00, which was a crucial resistance and now a solid buy area.

Overall, litecoin price seems to be setting pace for more upsides above the $72.00 and $74.00 levels. The next key resistance is at $75.00, above which LTC could test $80.00.

The market data is provided by TradingView, Bitfinex.

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Ethereum (ETH) Price Analysis: Climbs Above $150 As Bulls Take Charge

Ethereum price surged above the key $145.00 resistance and broke $150.00. There were strong bullish moves in ETH. XRP, BTC, IOST and TRX in the past few hours.

  • Ethereum price rallied above the $145.00 and $150.00 resistance levels.
  • There was a break above a key bearish trend line with resistance at $144.00 on the 30-minute chart.
  • ETH settled above the $150.00 level and it could continue to move higher in the near term.

Ethereum Price

Ethereum Price Analysis

The crypto market turned green today, with a strong rally in bitcoin above the $4,750 resistance. BTC rallied close to 18% and dragged a few altcoins higher, including Ethereum and ripple. ETH broke a major resistance near the $145.00 level to start a rally above the $150.00 barrier.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair tested the $141.00 support area and later started trading in a range. Finally, buyers took charge, resulting in a strong bullish break above the $145.00 resistance and the 25 simple moving average (30-min).

The price gained bullish momentum above a key bearish trend line with resistance at $144.00 on the same chart. It opened the doors for more gains and the price broke the last swing high at $149.17.

Finally, ETH surged above the $150.00 and $154.00 resistance levels. A new monthly high was formed ear $156.00 and the price is currently correcting lower. It traded below the 23.6% Fib retracement level of the recent rally from the $141.38 low to $156.61 high.

It even spiked below the $150.00 level, but the previous swing high near $149.00 acted as a support. Besides, the 50% Fib retracement level of the recent rally from the $141.38 low to $156.61 high also acted as a support.

It seems like dips in Ethereum price remains supported near $149.00 and $150.00. It could trade in a range for some time before a fresh increase towards the $155.00 and $156.00 levels. The next key resistance for ETH is close to the $160.00 level, where sellers may emerge.

The market data is provided by TradingView, Bitfinex.

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Ripple (XRP) Price Analysis: XRP Rallies Sharply As Bitcoin Price Surges

Ripple price surged higher and broke the $0.3300 resistance against the US dollar. There were sharp gains in bitcoin above $4,500, lifting XRP and ETH in a strong uptrend.

  • There was a sharp rise in ripple price above the $0.3250 and $0.3300 resistance levels.
  • A clear break above a contracting triangle at $0.3185 on the 30-minute chart set the pace for more upsides.
  • XRP price rallied above $0.3300 and it could test the $0.3500 resistance in the near term.

Ripple Price

Ripple Price Analysis

In the past couple of hours, there was a sharp rise in bitcoin price above the $4,400 and $4,500 resistance levels. It dragged ripple and Ethereum price above key resistances. XRP cleared the key $0.3180 and $0.3200 resistance levels to jump into a positive trend.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair settled above a crucial pivot level at $0.3155, which later acted as a strong support. Finally, buyers came into action and pushed the price above the $0.3185 resistance and the 25 simple moving average (30-minute chart).

There was a clear break above a contracting triangle with resistance at $0.3185 on the same chart. It opened the doors for a solid rally and the price surged above the $0.3200, $0.3250 and $0.3300 resistance levels.

The price formed a swing high near the $0.3310 level and it seems like gains are far from over. An initial support is near the 23.6% Fib retracement level of the recent rally from the $0.3139 swing low to $0.3310 swing high.

If there are more downsides, the $0.3250 support may act as a strong buy zone along with the 50% Fib retracement level of the recent rally from the $0.3139 swing low to $0.3310 swing high.

The main support area is near $0.3180 (the previous breakout zone). As long as the price is above the $0.3180 level, it remains in an uptrend. The current rally could lead ripple price towards $0.3400 or even $0.3500. In the short term, there could be a downside correction, but XRP is likely to find support near $0.3250 or $0.3220.

The market data is provided by TradingView, Bitfinex.

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Monero (XMR) Price: Rally Could Accelerate Above $60

Monero price rallied recently and broke the $56.00 and $58.00 resistance levels. XMR is placed nicely in an uptrend and it could continue to rise versus the US dollar and bitcoin.

  • Monero price broke the crucial $55.50 resistance to move into a bullish zone.
  • There is a major bullish trend line in place with support near the $56.50 level on the 2-hours chart.
  • XMR could correct in the short term, but it is likely to resume its upside above $60.00.

Monero XMR Price

Monero Price Analysis (XMR To USD)

The crypto market (bitcoin, Ethereum, ripple, cardano, bitcoin cash, EOS and others) gained bullish momentum in the past few days. Monero buyers too came into action and the price recently surged by more than 8%.

Monero Price Analysis XMR Chart

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Looking at the 2-hours chart of XMR/USD, the pair formed a strong support above the $52.50 level. Later, it gained traction and broke the $54.50 resistance and a short-term bearish trend line.

It opened the doors for more upsides and the price broke the crucial $55.50 resistance to move into a bullish zone. There was a close above $55.50 and the 25 simple moving average (2-hours), resulting in a sharp rally above the $56.00 and $58.00 resistance levels.

The price traded close to the $59.50 level and a new monthly high was formed at $59.38. At present, the price is consolidating gains, with an initial support near the $58.00 level and the 23.6% Fib retracement level of the recent wave from the $53.85 low to $59.38 high.

The next key support is near the $57.50 level, below which the price could test the $56.60 support. It coincides with the 50% Fib retracement level of the recent wave from the $53.85 low to $59.38 high.

There is also a major bullish trend line in place with support near the $56.50 level on the same chart. If there is an extended decline, the previous hurdle near $55.50 and the 25 simple moving average (2-hours) are likely to act as strong supports.

To the topside, an initial resistance is near the $59.50 level, above which monero price is likely to accelerate above the $60.00 level. The next key resistance for XMR buyers is near $62.50.

The market data is provided by TradingView, Bitfinex.

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Binance Coin (BNB) Price Analysis: Price Rising, $20 On The Horizon?

Binance coin price extended gains above the $17.50 and $18.00 resistance levels. BNB is following a strong bullish path and it could test the $20.00 handle in the near term.

  • Binance coin formed a base above $17.00 and climbed above the $18.00 resistance.
  • There is a crucial bullish trend line in place with support at $17.40 on the 2-hours chart.
  • BNB price is currently consolidating and dips towards $18.00 and $17.50 remain supported.

Binance Coin Price

Binance Coin Price Analysis (BNB to USD)

The recent upsurge in bitcoin, Ethereum, ripple, EOS and ADA improved the market sentiment. Binance coin also gained traction above the $18.00 resistance and traded to a new monthly high at $18.51.

Binance Coin Price Analysis BNB Chart

Click to Enlarge Chart

Looking at the hourly chart of BNB/USD, the pair corrected this past week and tested the $16.00 support area. Later, it rebounded higher and broke a crucial resistance near the $17.00 resistance level and the 25 simple moving average (2-hours).

Later, there was a short-term consolidation above $17.50 before the price gained bullish momentum. Finally, there was a break above the $17.85 resistance and a contracting triangle with resistance near $17.84 on the same chart.

The price climbed above the $18.00 level and traded to a new monthly high at $18.51. It is currently correcting lower towards the $18.25 level and the 23.6% Fib retracement level of the recent wave from the $17.42 low to $18.51 high.

The next key support is near the $17.85 level (the recent breakout level) and the 61.8% Fib retracement level of the recent wave from the $17.42 low to $18.51 high.

More importantly, there is a crucial bullish trend line in place with support at $17.40 on the same chart. Therefore, if the price corrects lower in the short term, the $17.85 and $17.40 levels are likely to act as strong supports.

To the topside, a break above the $18.50 level is likely to open the doors for more gains above the $19.00 and $19.20 levels. The main target for binance coin buyers could be $20.00 in the coming days. On the downside, BNB is likely to stay above the $17.40 pivot level.

The market data in the USD is calculated by TradingView, Binance.

The post Binance Coin (BNB) Price Analysis: Price Rising, $20 On The Horizon? appeared first on Blockonomi.

Ethereum (ETH) Price Prediction: Strong Bullish Momentum

Ethereum price tested the key $142.00 support area, where buyers emerged. ETH buyers remain in control and it seems like the price may climb higher towards the $148.00 and $150.00 levels.

  • Ethereum price remains well supported on the downside above $142.00.
  • Recently, there was a break above a bearish trend line with resistance at $143.50 on the 30-minute chart.
  • ETH climbed above the $145.00 level and it is trading with a positive bias.

Ethereum Price

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Ethereum Price Analysis

After a strong upward move towards the $150.00 level, Ethereum price started a downside correction. ETH declined below the $147.50 and $144.60 support levels. The price tested the $142.00 support level, where buyers protected further declines.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair spiked below the $142.00 support level, but it quickly recovered above the $142.75 level. There was a break above the 23.6% Fib retracement level of the last slide from the $149.17 high to $142.03 swing low.

Moreover, there was a break above a bearish trend line with resistance at $143.50 on the same chart. Finally, the price settled above the $144.00 level and the 25 simple moving average (30-min).

The price traded close to the 50% Fib retracement level of the last slide from the $149.17 high to $142.03 swing low. It is currently consolidating above the $144.60 support level. On the upside, a break above the $145.60 and $147.50 resistances may open the doors for more gains towards $150.00.

On the flip side, if there is a fresh downside correction, the price might find bids near the $144.60 and $144.00 levels. Besides, the 25 simple moving average (30-min) is positioned near the $143.75 level to act as a support.

The main barrier for sellers is near the $142.00 level, below which there is a risk of an extended drop towards the $140.00 support level.

Overall, the current market sentiment is positive for bitcoin, Ethereum, ripple, stellar, litecoin, bitcoin cash, EOS and other cryptocurrencies. ETH may consolidate or dip a few points, but it is likely to climb above $145.75 as long as it is above the $142.00 support.

The market data is provided by TradingView, Bitfinex.

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Ripple (XRP) Price Prediction: Downside Thrust Before Fresh Increase

Ripple price tested the key $0.3100 support and later rebounded against the US dollar and bitcoin. XRP is currently struggling near $0.3155, but it is likely to continue higher in the near term.

  • There were positive moves recently above the $0.3100 and $0.3140 levels.
  • Buyers pushed the price above a bearish trend line with resistance near $0.3140 on the 30-minute chart.
  • XRP price is currently facing a strong resistance near the $0.3155-0.3160 pivot area.

Ripple Price

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Ripple Price Analysis

This past week, we saw strong bullish moves in bitcoin, ripple, Ethereum, bitcoin cash, stellar, ADA and a few other altcoins. XRP traded above the $0.3200 level, formed a high at $0.3239, and later started a downside correction.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair corrected lower strongly from the $0.3239 swing high. It traded below the $0.3200 and $0.3155 support levels. A new low was formed at $0.3109 and later the price started a fresh increase.

It broke the $0.3140 resistance level and the 25 simple moving average (30-minute chart). Besides, the price broke the 23.6% Fib retracement level of the drop from the $0.3239 high to $0.3109 low.

Moreover, bulls pushed the price above a bearish trend line with resistance near $0.3140 on the same chart. The price tested the $0.3155-0.3160 resistance area, where sellers took a stand. If there is an upside break above $0.3160, the price could test $0.3175.

The 50% Fib retracement level of the drop from the $0.3239 high to $0.3109 low is also near the $0.3175 level. Any further increase could improve the market sentiment and the price may rise towards the $0.3200 and $0.3220 levels.

On the flip side, if there is a downside correction, the price might find bids near the $0.3140 level and the 25 simple moving average (30-minute chart).

The current price action is positive above the $0.3140 and $0.3110 support levels. In the short term, there might be a couple of swing moves in ripple price before it could resume its upward move towards the $0.3200 and $0.3220 levels.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Prediction: Downside Thrust Before Fresh Increase appeared first on Blockonomi.

Price Watch: Bitcoin, Ethereum, Ripple & EOS Price Analysis 29th March

Bitcoin price started a fresh increase and broke the key $4,000 resistance level. BTC is currently gaining traction and it could continue to move higher towards $4,200.

Besides, there were bullish moves in altcoins such as Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), binance coin (BNB), stellar (XLM), ADA, ICX and EOS. The overall price action is positive and indicates a positive trend in the coming days.

Key Takeaways:

  • Bitcoin price found a strong buying interest and climbed above $4,000 and $4,050.
  • Ethereum price stayed above the $134 support and rebounded above $140.
  • Ripple price declined sharply below $0.3050 before it corrected higher.
  • EOS rallied recently above the $4.00 and $4.25 resistance levels.
  • CCN surged around 1600% and ETA is up around 255% in the past 7 days.

Cryptocurrency Price Watch

Read: Our Cryptocurrency Trading Bots Guide

Bitcoin Price Analysis

Earlier, there was a downside reaction in bitcoin price below the $4,030 level. BTC/USD tested the $3,940 support level, where buyers emerged. Later, there was a sharp upward move and the price traded above the $4,000 resistance and pivot level.

Bitcoin Price Analysis BTC Chart

Bitcoin Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price traded as low as $3,940 and later climbed above the $4,000 and $4,020 resistance levels. There was even a close above the $4,020 level and the 21 simple moving average (4-hours).

The price even traded above the 61.8% Fib retracement level of the last decline from the $4,147 high to $3,940 low. It opened the doors for more gains and the price traded above the $4,080 level.

It tested the 76.4% Fib retracement level of the last decline from the $4,147 high to $3,940 low. Besides, there is a connecting bearish trend line in place with resistance near $4,100 on the same chart. In the short term, there could be a downside correction towards the $4,065 support.

The main support is near the $4,050 level and the 21 simple moving average (4-hours). There are high chances of buyers taking a stand near the $4,050 and $4,030 support levels.

On the upside, a convincing break above the trend line and $4,120 is must for more gains. The next key resistance is near the $4,150 swing high. Any further gains is likely to set the pace for an upsurge towards the $4,200 and $4,250 resistance levels.

Overall, bitcoin price is trading with a positive bias and it could soon make an attempt to climb above the $4,100 and $4,150 resistance levels.

Ethereum Price Analysis

Ethereum price followed a bearish path below the $140 resistance and tested the $133-134 support area. ETH/USD found a strong buying interest near the $133-134 support area, resulting in a decent comeback this week.

Ethereum Price Analysis ETH Chart

Ethereum Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price traded below the $133 level and formed a low just above the $132 level. Later, there was a sharp upward move above the $135 and $138 resistance levels. Buyers even managed a close above the $138 level and the 21 simple moving average (4-hours).

During the upside, there was a break above a major bearish trend line with resistance at $137 on the same chart. Finally, there was a break above the 50% Fib retracement level of the last decline from the $147 swing high to $132 swing low.

At the moment, the price is trading near the $140 level and facing a strong resistance near the $142 level. The 61.8% Fib retracement level of the last decline from the $147 swing high to $132 swing low is also near the $142 level.

An upside break above the $142 barrier may clear the path for more gains towards the $144 and $145 resistance levels.

If the price corrects lower in the short term, it could find support near the $138 level and the 21 simple moving average (4-hours). The main support is near $137, where buyers are likely to take a stand.

Ripple Price Analysis

There was a significant downside break in ripple price below the $0.3100 and $0.3050 support levels against the US Dollar. XRP/USD even traded below the $0.3000 support level before buyers appeared near the $0.2980 level.

Ripple Price Analysis XRP Chart

Ripple Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price traded below a massive breakout structure with support near the $0.3140 level. Later, there was a sharp decline below the $0.3100 support and the 21 simple moving average (4-hours).

The price even traded below the $0.3000 level and formed a new monthly low at $0.2986. Later, the price corrected higher and broke the $0.3050 and $0.3060 resistance levels.

There was also a break above the 23.6% Fib retracement level of the last decline from the $0.3288 high to $0.2986 low. Bulls managed to push the price above the $0.3100 level and the 21 simple moving average (4-hours).

However, the price is facing a strong resistance near the $0.3150 level and the 50% Fib retracement level of the last decline from the $0.3288 high to $0.2986 low.

Therefore, the price must break the $0.3150 and $0.3160 resistance levels to move back in a positive zone. The next key resistance levels are $0.3200 and $0.3225. If it fails to move past $0.3150, there could be a fresh decline towards the $0.3100 and $0.3020 support levels.

EOS Price Analysis

There was a strong rally in EOS price after it broke the $3.72 and $3.75 resistance levels against the US Dollar. The price surged above the $4.00 and $4.12 resistance levels to move into a bullish zone.

EOS Price Analysis Chart

EOS Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price formed a solid support at $3.62 and later rallied above the $3.75 resistance, a bearish trend line on the same chart, and the 21 simple moving average (4-hours).

There was a sharp surge above the $4.00, $4.12 and $4.25 resistance levels. The price traded to a new monthly high at $4.40 and it is currently consolidating gains. An initial support is at $4.25 and the 23.6% Fib retracement level of the last wave from the $3.61 low to $4.40 high.

If there is a break below the $4.20 support, the price may test the $4.00 support and the 50% Fib retracement level of the last wave from the $3.61 low to $4.40 high.

On the upside, an initial resistance is near $4.35, above which there is a risk of more gains above the $4.40 swing high. Finally, if bulls remain in action, the price could even test the $5.00 barrier in the near term.

Top Gainers

During the past 7 days, a few small cap altcoins surged higher and posted gains more than 150%, including CCN, EVX, ETA, NEXT, AIT, SHE, COT and XHV (trading volume more than $50K). Out of these, CCN rallied around 1600% and ETA gained nearly 255%.

Overall, bitcoin price is trading nicely in a positive zone above the $4,000 level. There could be a couple of swing moves in BTC in the short term, but there are chances of more gains above $4,150. A successful break above the $4,150 resistance may perhaps clear the path for more upsides in altcoins like Ethereum, ripple, bitcoin cash, XLM, ADA, TRX, EOS, ICX, LTC, BNB, XMR and ICX in the coming days.

The market data is provided by TradingView, Bitfinex.

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Stellar Lumen [XLM] Price Analysis: Likely Bracing For Next Move Higher

Stellar lumens price started a downside correction after testing $0.1200. XLM remains supported on dips and it could start a strong upward move if it clears $0.1105.

  • Stellar lumen price recently rebounded towards the $0.1105 resistance area.
  • There was a break above a crucial bearish trend line with resistance at $0.1020 on the 2-hours chart.
  • XLM could start a fresh increase if there is a break above the $0.1100 and $0.1105 resistances.

Stellar Consensus Protocol

Stellar Lumen Price Analysis (XLM To USD)

Recently, there was a solid rebound in bitcoin, Ethereum, ripple, cardano, bitcoin cash, EOS and other cryptocurrencies. Stellar lumen also followed major altcoins and started a decent recovery from the $0.0989 swing low.

Stellar Lumen Price Analysis XLM Chart

Click to Enlarge Chart

Looking at the 2-hours chart of XLM/USD, the pair corrected significantly from the $0.1222 high and traded as low as $0.0989. Later, the price corrected higher and moved above the $0.1050 resistance area to move into a positive zone.

Besides, there was a break above a crucial bearish trend line with resistance at $0.1020 on the same chart. Buyers pushed the price above the 23.6% Fib retracement level of the last decline from the $0.1222 high to $0.0989 low.

Finally, there was a close above the $0.1050 level and the 25 simple moving average (2-hours). The price rallied above the $0.1100 resistance and tested the next resistance at $0.1105 (a crucial pivot area).

The recent failure was also near the 50% Fib retracement level of the last decline from the $0.1222 high to $0.0989 low. As a result, there was a downside reaction and the price dipped towards the $0.1050 support and the 25 simple moving average (2-hours).

On the downside, the next key support is at $0.1044, below which the price might drop back towards the $0.0989 low. Conversely, a convincing break above the $0.1100 and $0.1105 resistance levels could clear the path for XLM bulls to take control. The next stop for stellar lumen price might be $0.1165 or $0.1200. The main resistance for an upside extension is at $0.1220. Overall, the price could trade in a range before the next move either above $0.1105 or towards $0.0989.

The market data is provided by TradingView, Bitfinex.

The post Stellar Lumen [XLM] Price Analysis: Likely Bracing For Next Move Higher appeared first on Blockonomi.

Bitcoin Price: Correcting Towards Important Support Before Fresh Rally

Bitcoin price rallied after forming a strong support near the $3,940 level. BTC/USD climbed above $4,000, tested the $4,100 resistance, and it is currently correcting lower towards important supports.

  • BTC price remains in a solid uptrend above the $4,040 and $4,000 support levels.
  • There is a key connecting bullish trend line formed with support at $4,040 on the 30-minute chart.
  • Once the current correction is complete, the price may revisit the $4,100 or $4,150 levels.

Bitcoin Price

Read: Bitcoin Trading Bots Guide

Bitcoin Price Analysis (BTC/USD)

Recently, there was a fresh increase in bitcoin, Ethereum, ripple, EOS, bitcoin cash, ADA, LTC, and other altcoins. BTC formed a solid support base near the $3,940 level and later climbed above the $4,000 and $4,040 resistance levels.

Bitcoin Price Analysis BTC Chart

Click to Enlarge Chart

Looking at the 30-minute chart of BTC/USD, the pair even broke the $4,100 resistance and traded as high as $4,114. Later, the price started a downside correction and traded below the $4,100 level and the 25 simple moving average (30-minute).

There was a break below the 23.6% Fib retracement level of the recent wave from the $3,979 low to $4,114 high. Besides, the price traded below a major ascending channel with support at $4,085 on the same chart.

On the downside, there are many supports near the $4,060 and $4,040 levels (the previous resistances). More importantly, there is a key connecting bullish trend line formed with support at $4,040 on the same chart.

The 50% Fib retracement level of the recent wave from the $3,979 low to $4,114 high is also near the $4,050 level to act as a solid support. Therefore, if the price continues to move, buyers are likely to protect the $4,060 and $4,040 support levels.

On the upside, the previous support near the $4,100 level is likely to act as a short term resistance. If bitcoin price gains bullish momentum above the $4,100 resistance, there are chances of more gains above the $4,120 and $4,150 resistance levels. Conversely, a close below the $4,000 pivot level could change the bias to bearish and BTC might revisit the $3,940 support area.

The market data is provided by TradingView, Bitfinex.

The post Bitcoin Price: Correcting Towards Important Support Before Fresh Rally appeared first on Blockonomi.

EOS Price Prediction: Rally Above $4 Far From Over

EOS price formed a support base above $3.60 and rallied above the $3.75 and $4.00 resistance levels. The recent rally is far from over and EOS may rise further versus USD, ETH and BTC.

  • EOS price is up more than 10% and it broke the $4.00 resistance area.
  • There was a break above a crucial contracting triangle with resistance at $3.70 on the 2-hours chart.
  • The price is currently testing the $4.15-4.20 resistance area, with a bullish angle.

EOS Price Analysis

Read: Trade EOS with Cryptohopper

EOS Price Analysis and Prediction

The past few sessions were excellent, with swing moves in bitcoin, Ethereum, ripple, cardano, bitcoin cash, EOS and other cryptocurrencies. ADA and EOS performed really well and climbed up by more than 10%.

EOS Price Analysis and Prediction Chart

Click to Enlarge Chart

Looking at the 2-hours chart of EOS/USD, the pair formed a strong support area near the $3.60 level and later started a solid rally. To initiate the recent rally, the price climbed above the $3.70 resistance and the 25 simple moving average (2-hours).

Besides, there was a break above a crucial contracting triangle with resistance at $3.70 on the same chart. The price rallied above the $3.80 and $3.90 resistance levels.

The rally was such that the price even cleared the $3.92 swing high and the 1.236 Fib extension level of the last decline from the $3.93 high to $3.59 low. It opened the doors for more gains and the price climbed above the $4.00 resistance area.

It tested the $4.15 resistance area and the 1.618 Fib extension level of the last decline from the $3.93 high to $3.59 low. At the moment, the price is consolidating near the $4.15-4.20 resistance area, with a bullish angle.

If there is a break above the $4.15-4.20 resistance area, EOS price is likely to accelerate above the $4.25 resistance as well. On the other hand, if there is a downside correction, the price is likely to find support near the $4.05 and $4.00 levels. The main support is near the $3.92 level (the previous swing high and resistance area).

The market data is provided by TradingView, Bitfinex.

The post EOS Price Prediction: Rally Above $4 Far From Over appeared first on Blockonomi.

Bitcoin Cash (BCH) Price Signaling Bullish Continuation To $180

Bitcoin cash price rebounded nicely after testing the $152.00 support area. BCH is up more than 7% and it could accelerate above the $175.00 and $180.00 resistances.

  • Bitcoin cash price jumped higher above the $162.00 and $165.00 resistance levels.
  • BCH seems to be following an ascending channel with resistance at $170.00 on the 2-hours chart.
  • The price might correct a few points, but dips remain supported near $162.00.

Bitcoin Cash Price

Read: Trade BCH Automatically with Bots

Bitcoin Cash Price Analysis (BCH to USD)

After forming a swing high near the $168.80 level, bitcoin cash price corrected lower below $160.00. However, the $152.00 support area acted as a strong support and later the price rebounded nicely above the $162.00 and $165.00 resistance levels.

Bitcoin Cash Price Analysis BCH Chart

Click to Enlarge Chart

Looking at the hourly chart of BCH/USD, the pair traded as low as $152.85 and later jumped above the $160.00 barrier plus the 25 simple moving average (2-hours). Besides, there was a break above a connecting bearish trend line with resistance at $160.50.

The price even climbed above the $165.00 resistance and the $168.80 swing high. A new monthly high was formed at $169.85 and it seems like the price is following a replica of the previous wave.

In the mentioned scenario, there are chances of an upside break towards the $177.00 level in the coming sessions. Besides, the price may even trade above the $180.00 level if buyers remain in action. On the downside, an initial support is near the 23.6% Fib retracement level of the last wave from the $152.85 low to $169.85 high.

However, the main support is near the $162.00 level, the 25 simple moving average (2-hours), and the 50% Fib retracement level of the last wave from the $152.85 low to $169.85 high.

More importantly, the price is following an ascending channel with resistance at $170.00. Therefore, a convincing break above the channel resistance and $175.00 may open the doors for a solid bullish wave towards $180.00.

Overall, the current market sentiment is positive, suggesting more gains in bitcoin cash (BCH), bitcoin (BTC), Ethereum (ETH), ripple (XRP), cardano (ADA), and other altcoins in the near term.

The market data is provided by TradingView, Coinbase.

The post Bitcoin Cash (BCH) Price Signaling Bullish Continuation To $180 appeared first on Blockonomi.

Litecoin (LTC) Price Prediction: Key Buy Zones Nearby

Litecoin price started a fresh decline from the $62.50 resistance. LTC declined below $60.00, but it is now approaching a couple of important supports near $58.20 and $57.20.

  • Litecoin price failed on two occasions near the $62.20 and $62.50 resistance levels.
  • There is a key bearish trend line in place with resistance at $59.80 on the 2-hours chart.
  • The price is now approaching a few important supports at $58.20 and $57.20.

Litecoin Price

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Litecoin Price Analysis (LTC to USD)

After forming a support base near the $58.20 level, litecoin price climbed above the $60.00 and $62.00 resistance levels. However, LTC price faced a strong resistance near the $62.20 and $62.50 levels and later started a fresh decline.

Litecoin Price Analysis LTC Chart

Click to Enlarge Chart

Looking at the 2-hours chart of LTC/USD, the pair traded as high as $62.53 and later declined below the $60.00 support level. There was a close below the $60.00 support and the 25 simple moving average (2-hours).

More importantly, the price broke the 61.8% Fib retracement level of the last wave from the $58.21 low to $62.53 high. The current market sentiment is slightly bearish, suggesting more losses in bitcoin, Ethereum, ripple, bitcoin cash, binance coin, EOS, and other cryptocurrencies in the near term.

LTC price is now trading below the 76.4% Fib retracement level of the last wave from the $58.21 low to $62.53 high. Therefore, there is a risk of more losses towards the $58.20 support.

In the mentioned bearish case, the price could extend the decline towards the $57.20 support, which represents the 1.236 Fib extension level of the last wave from the $58.21 low to $62.53 high. However, dips towards the $58.20 and $57.20 support levels are likely to find a strong buying interest.

On the upside, there is a key bearish trend line in place with resistance at $59.80 on the same chart. A successful break above the trend line, $60.00, and the 25 simple moving average (2-hours) might open the doors for a fresh increase towards $62.50 or $64.00.

Overall, litecoin price is approaching a few important supports near $58.00 and LTC could bounce back if it clears the $60.00 resistance.

The market data is provided by TradingView, Bitfinex.

The post Litecoin (LTC) Price Prediction: Key Buy Zones Nearby appeared first on Blockonomi.

Cardano (ADA) Price Prediction: Bulls Remain In Control

Cardano price started a downside correction after testing the $0.0650 resistance. However, ADA buyers remain in control and dips are likely to find a strong buying interest.

  • Cardano price is facing a couple of important resistances near $0.0625.
  • There is a major bullish trend line in place with support at $0.0590 on the 2-hours chart.
  • ADA is likely to remain supported near the $0.0590 and $0.0575 levels.

Cardano ADA Price

Cardano Price Analysis (ADA to USD)

This past week, there was a strong upward move in cardano price above the $0.0550 resistance level against the US Dollar. ADA price climbed above the $0.0600 and $0.0650 resistance levels.

Cardano Price Analysis ADA Chart

Click to Enlarge Chart

Looking at the 2-hours chart of ADA/USD, the pair traded as high as $0.0656 and later started a downside correction. The price declined below the $0.0620 and $0.0600 support levels. There was a close below the $0.0620 level and the 25 simple moving average (2-hours).

However, the $0.0575 level (the previous swing low) acted as a strong support zone. As a result, the price rebounded recently above the $0.0600 level and the 50% Fib retracement level of the last slide from the $0.0656 high to $0.0572 low.

However, the price faced a solid barrier near the $0.0625 level. Besides, the 61.8% Fib retracement level of the last slide from the $0.0656 high to $0.0572 low acted as a resistance. There were two rejections recently near the $0.0625 level and the price is currently consolidating near $0.0600.

At the outset, bitcoin, Ethereum and ripple faced an increase in selling pressure, which is putting pressure on ADA buyers below the $0.0610 level. However, there is a major bullish trend line in place with support at $0.0590 on the same chart.

If there is a break below the trend line support, the price might revisit the $0.0575 support area. The next main support is near the $0.0556 level. On the upside, a break above the $0.0625 resistance level may clear the path for more gains in cardano. The next key barrier for ADA buyers is near the $0.0650 level.

The market data is provided by TradingView, Binance.

The post Cardano (ADA) Price Prediction: Bulls Remain In Control appeared first on Blockonomi.

Bitcoin Cash (BCH) Price Prediction: Dips Remain Attractive

Bitcoin cash price climbed higher towards $170.00 before correcting lower. BCH is currently correcting lower, but dips remain supported near $158.00.

  • Bitcoin cash price is trading in a positive zone above the $158.00 and $160.00 supports.
  • BCH could trade below a short term contracting triangle with support at $162.20 on the hourly chart.
  • If the price continues to decline, it is likely to find a strong buying interest near $158.00.

Bitcoin Cash Price

Bitcoin Cash Price Analysis (BCH to USD)

After a major downside correction below the $150.00 support, bitcoin cash price formed a low at $147.00. Later, BCH/USD started a solid upward move and traded above the $158.00 and $160.00 resistance levels.

Bitcoin Cash Price Analysis BCH Chart

Click to Enlarge Chart

Looking at the hourly chart of BCH/USD, the pair even broke the $165.00 resistance and the 25 hourly simple moving average. A new weekly high was formed near $169.00 and later the price started a downside correction.

It declined below the $165.00 support and the 23.6% Fib retracement level of the last wave from the $147.00 low to $169.00 high. More importantly, the price seems to be trading inside a short term contracting triangle with support at $162.20 on the same chart.

The current formation suggests that the price could break the $162.00 support level and extend its decline. However, there is a strong support formed near the $158.00 level. It represents the 50% Fib retracement level of the last wave from the $147.00 low to $169.00 high.

If there is a downside break below $162.00 and $160.00, the price is likely to find bids near $158.00. Having said that, if the $158.00 support fails to hold and there is a break below the $155.50 support, the price may move back in a bearish zone.

On the upside, an initial resistance is near $163.80 and the 25 hourly simple moving average. A convincing break above the $165.00 level may open the doors for more gains in bitcoin cash above the $169.00 barrier. The next stop for BCH buyers could be $172.00 or even $175.00.

The market data is provided by TradingView, Kraken.

The post Bitcoin Cash (BCH) Price Prediction: Dips Remain Attractive appeared first on Blockonomi.

Binance Coin (BNB) Price Rally Takes Break But Not Likely Over

Binance coin price rallied in the past few sessions and broke the $17.00 barrier. BNB is placed nicely in a bullish trend and dips remains supported versus the US dollar and bitcoin.

  • Binance coin surged higher from the $15.00 support and traded to a new monthly high at $17.74.
  • There is a short term triangle formed with support at $16.70 on the hourly chart.
  • BNB price could decline in the short term, but it is likely to find support near $16.35 or $16.00.

Binance Coin Price

Binance Coin Price Analysis (BNB to USD)

In the past few sessions, there were mostly range moves with a bearish angle in bitcoin, Ethereum, ripple, EOS, LTC, and other altcoins. However, binance coin outperformed and surged close to 15% to trade to a new monthly high.

Binance Coin Price Analysis BNB Chart

Click to Enlarge Chart

Looking at the hourly chart of BNB/USD, the pair started a strong upward move from the $14.89 low. There was a sharp upward move above the $15.00 resistance and the 25 hourly simple moving average.

It opened the doors for more gains and the price surpassed the previous resistance levels near $15.65 and $16.35. The price even broke the $17.00 resistance and traded to a new monthly high at $17.74. Later, the price started a downside correction and traded below $17.20.

There was a break below the 23.6% Fib retracement level of the recent wave from the $14.89 low to $17.74 high. The price even traded below the $17.00 level and the 25 hourly simple moving average. At the outset, there is a short term triangle formed with support at $16.70 on the same chart.

The current price action suggests that there could be an extended downside correction below the $16.70 support. The next key support is near $16.35 and the 50% Fib retracement level of the recent wave from the $14.89 low to $17.74 high.

If there is an extended correction, binance coin is likely to find a strong buying interest near the $16.35 or $16.00 support levels in the coming sessions. On the upside, a break above the $17.40 resistance could push the price above $17.75 or even $17.80.

The market data is provided by TradingView, Binance.

The post Binance Coin (BNB) Price Rally Takes Break But Not Likely Over appeared first on Blockonomi.

Ethereum (ETH) Price Prediction: Sellers Remain In Control

Ethereum price is facing a lot of hurdles near $140.00. ETH/USD remains at a risk of more losses unless buyers gain strength above $139.20 and $140.00.

Ethereum Price

  • Ethereum price extended losses this past week and tested the $135.00 support.
  • ETH recovered and it is currently trading inside a contracting triangle with resistance at $138.60 on the 30-minute chart.
  • There could be a fresh decline if the price continues to fail near $138.60, $139.20 and $140.00.

Ethereum Price Analysis

In the last two Ethereum price prediction, we discussed the chances of a downside extension of 5% towards the $135.00 support level. ETH did decline below $138.00 and tested the $135.00 support before starting an upside correction, but bitcoin price was comparatively stable above near $4,000.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair traded as low as $135.00 and later corrected higher. It traded above the $138.50 resistance level and the 25 simple moving average (30-min).

However, the price failed to gain strength above the $140.00 resistance area. The price formed a high at $140.70 and later declined below the $138.50 level. A swing low was formed at 136.39 and the price recently moved above the 23.6% Fib retracement level of the last drop from the 140.70 high to 136.69 low.

However, the $138.50 level is acting as a resistance along with the 50% Fib retracement level of the last drop from the 140.70 high to 136.69 low.

Besides, it seems like the price is trading inside a contracting triangle with resistance at $138.60 on the same chart. Therefore, the price is likely setting up for the next break either above $138.50 or below the $136.60 swing low.

On the upside, there are many resistances near $138.60, $139.20 and $140.00. Therefore, if Ether buyers continue to struggle near the $139.20 or $140.00 resistance, there are chances of another bearish reaction in ETH towards the $135.00 or $133.50 levels in the coming sessions. On the other hand, a successful close above $140.00 and $140.70 could set the pace for a move towards $150.00.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Prediction: Sellers Remain In Control appeared first on Blockonomi.

Ripple (XRP) Price Analysis: Downtrend Intact Below $0.3140

Ripple price remained in a bearish zone and struggled above $0.3175. XRP is currently following a declining path and it could extend losses below $0.3080.

Ripple Price

  • Selling rallies close to $0.3170 and $0.3200 levels worked this past week.
  • There are two bearish trend lines in place with resistance near $0.3130 on the 30-minute chart.
  • XRP price remains in a downtrend and it could decline further towards $0.3050.

Ripple Price Analysis

In the last ripple price prediction, we discussed selling rallies close to the $0.3200 resistance level. XRP did move higher, but it failed to gain traction above $0.3175 and $0.3200. As a result, there was a sharp bearish reaction and the price declined below $0.3150 and $0.3125.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair formed a swing high near $0.3175 and later declined steadily below the $0.3150 support. There was a break below the $0.3125 support and the 25 simple moving average (30-minute chart).

A new low was formed at $0.3073 and later the price corrected higher. It broke the $0.3100 level, but faced a lot of hurdles near $0.3120, $0.3130, and the 25 simple moving average (30-minute chart).

There are also two bearish trend lines in place with resistance near $0.3130 on the same chart. On the downside, an immediate support is near $0.3100 and the 50% Fib retracement level of the latest wave from the $0.3073 low to $0.3130 high.

If there is a downside break below $0.3100, the price may drop towards the $0.3085 level or the 76.4% Fib retracement level of the latest wave from the $0.3073 low to $0.3130 high.

If sellers remain in action, the price is likely to revisit the $0.3070 support area. On the upside, a break above both trend lines and $0.3150 is must for a decent rebound in ripple price. If XRP continues to fail near $0.3120 or $0.3130, the price is likely to decline slowly and steadily towards the $0.3070 and $0.3050 support levels.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Analysis: Downtrend Intact Below $0.3140 appeared first on Blockonomi.

Price Watch: Bitcoin, Ethereum, Ripple and EOS Price Analysis 22nd March

Bitcoin price extended gains above $4,100 before starting a downside correction. BTC corrected and tested the key support area near $4,000.

Similarly, there were bullish moves in altcoins like Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), binance coin (BNB), stellar (XLM) and EOS before they declined sharply and tested key supports.

The overall price action is slightly negative, but there could be a decent comeback as long as BTC is trading above $3,980 (Bitfinex price feed).

Cryptocurrency Price Watch

Review: Trade Crypto with the HaasBot

Key Takeaways:

  • Bitcoin price surged towards the $4,150 level before it corrected lower.
  • Ethereum price failed once again to settle above the $145 resistance level.
  • Ripple price is struggling to hold a crucial triangle support at $0.3130.
  • EOS could correct lower and test the $3.48 or $3.40 support level.
  • MTC, CONI and BCX gained more than 200% during the past 7 days.

Bitcoin Price Analysis

After a proper close above the $3,900 resistance level, there was a solid upward move in bitcoin price above the $4,000 resistance. BTC/USD gained bullish momentum and broke the $4,075 and $4,100 resistance levels.

Bitcoin Price Analysis BTC Chart

Bitcoin Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price even broke the $4,150 resistance and traded to a new monthly high at $4,166. Later, the price started a downside correction and traded below the $4,100 support level.

There was a sharp decline below the 23.6% Fib retracement level of the last wave from the $3,869 low to $4,166 high. Moreover, there was a break below a connecting bullish trend line with support at $4,096 on the same chart.

The decline was strong as the price settled below $4,080 and the 21 simple moving average (4-hours). However, the 50% Fib retracement level of the last wave from the $3,869 low to $4,166 high acted as a strong support along with $4,000.

There is also a crucial bullish trend line in place with current support at $4,040. As long as the price is above the trend line and $4,000, it could bounce back. On the upside, there are many resistances near the $4,080 and $4,100 levels.

A proper break and follow through above the 21 simple moving average (4-hours) is needed for buyers to gain traction in the near term. The next resistances are $4,160 and $4,200.

On the flip side, if the price fails to hold the trend line support, there are chances of more losses below $4,000. The main support is at $3,980 and the 61.8% Fib retracement level of the last wave from the $3,869 low to $4,166 high. A daily close below $3,980 might push the price into a short term bearish zone.

Ethereum Price Analysis

Ethereum price formed a strong support above $131 and later rallied sharply above the $137 and $140 resistance levels. ETH/USD even broke the $142 resistance level and spiked above the $145 barrier.

Ethereum Price Analysis ETH Chart

Ethereum Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price traded as towards the $148 level and failed to hold gains above the $145 pivot level. Later, it declined below the $144 and $142 support levels to start a downside correction.

During the decline, the price settled below the $140 support and the 21 simple moving average (4-hours). There was a break below the 50% Fib retracement level of the last wave from the $131 swing low to $147 swing high.

The decline was strong as the price traded close to the $135 support level and tested the 76.4% Fib retracement level of the last wave from the $131 swing low to $147 swing high.

However, a crucial bullish trend line with current support at $136 acted as a strong buy zone. The price is currently consolidating losses and trading nicely above the trend line. On the upside, there is a solid resistance formed near $140 and the 21 simple moving average (4-hours).

There is also a connecting bearish trend line near $140 on the same chart. Therefore, a break above the $140 level is must for a fresh upward move.

If the price fails to hold the $136 and $135 support levels, there could be a downside extension towards the main support area near $131.

Ripple Price Analysis

In the last few analysis, we saw a massive breakout pattern above $0.3000 for ripple price against the US Dollar. XRP/USD made a few attempts to break the breakout resistance near $0.3290, but it failed to gain bullish momentum.

Ripple Price Analysis XRP Chart

Ripple Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price seems to be trading inside a significant breakout pattern with support near $0.3130 and resistance at $0.3240. There were many attempts to settle above the triangle resistance, but the price failed to gain traction above $0.3280 and $0.3300.

As a result, the price declined heavily below $0.3200 and the 21 simple moving average (4-hours). At the moment, it seems like the price is struggling to hold the $0.3130 and $0.3120 support levels.

If there is a downside break and close below $0.3100, there could be a sharp bearish reaction. The next main support is at $0.3000, below which the price might test $0.2850.

On the upside, an initial resistance is near $0.3190 and the 50% Fib retracement level of the recent decline from the $0.3294 high to $0.3082 low. However, a successful close above the $0.3250 and $0.3300 resistance levels is must for buyers to gain momentum in the coming days.

EOS Price Analysis

There was a steady rise above the $3.80 and $3.90 resistance levels in EOS price against the US Dollar. The price traded close to the $4.00 resistance and formed a high at $3.92.

EOS Price Analysis Chart

EOS Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price failed to test the $4.00 resistance and later started a downside correction. It traded below the $3.85 support level and settled below the 21 simple moving average (4-hours).

There was a break below a crucial bullish trend line with support at $3.75 on the same chart. Moreover, the price broke the 50% Fib retracement level of the last wave from the $3.48 low to $3.92 high.

Sellers pushed the price towards the $3.60 support level and the 76.4% Fib retracement level of the last wave from the $3.48 low to $3.92 high. At the moment, the price is consolidating above the $3.60 level, with a bearish angle.

Therefore, there is a risk of a downside extension below the $3.60 and $3.55 support levels. The next key support is near the $3.50 pivot level.

Overall, the recent decline below $3.70 and close below the 21 simple moving average (4-hours) could push the price towards the $3.50 support level before buyers take a stand.

Top Gainers

During the past 7 days, a few small cap altcoins rallied and gained more than 100% gains, including MTC, CONI, BCX, LBTC, KAN, ADM and UBTC (trading volume more than $50K). Out of these, MTC rallied around 280% and CONI gained nearly 240%.

Overall, bitcoin price corrected lower and it is currently trading above a crucial support at $4,000. BTC is likely to bounce back above $4,100 and $4,150. Having said that, if buyers fail to defend the $4,000 and 3,980 supports, there is a risk of further declines in BTC and altcoins such as Ethereum, ripple, bitcoin cash, XLM, TRX, EOS, ADA, LTC, BNB, ONT and ICX in the coming sessions.

The market data is provided by TradingView, Bitfinex.

The post Price Watch: Bitcoin, Ethereum, Ripple and EOS Price Analysis 22nd March appeared first on Blockonomi.

Bitcoin (BTC) Price Prediction: Bulls Ready To Hit ‘GO’ Button

Bitcoin price is grinding higher towards the $4,150 resistance. BTC/USD bulls remain in action and eyeing an upside break above $4,200 and $4,250 in the near term.

  • BTC price formed a strong support at $4,040 and traded above the $4,100 resistance.
  • There is a major ascending channel in place with support at $4,100 on the 30-minute chart.
  • Bulls are in control and it seems like they are eyeing fresh monthly highs above $4,150.

Bitcoin Bull Run

Bitcoin Price Analysis (BTC/USD)

The past three sessions were positive, with bullish moves in bitcoin, Ethereum, ripple, EOS, ONT, LTC, and other altcoins. BTC started a decent upward move after it broke the $4,060 and $4,080 resistance levels.

Bitcoin Price Analysis BTC Chart

Click to Enlarge Chart

Looking at the 30-minute chart of BTC/USD, the pair formed a strong support at $4,040 and later started a fresh increase. The price gained traction above the $4,080 resistance and cleared the $4,100 pivot level.

The recent rise was constructive since there was a close above $4,100 and the 25 simple moving average (30-minute). The price traded close the $4,150 resistance and formed a high at $4,142 before starting a downside correction.

The price dipped below the $4,120 level and the 23.6% Fib retracement level of the recent wave from the $4,078 low to $4,142 high. However, the $4,110 level acted as a decent support along with the 25 simple moving average (30-minute).

Moreover, the 50% Fib retracement level of the recent wave from the $4,078 low to $4,142 high also acted as a strong support. At the outset, the price seems to be following a major ascending channel with support at $4,100 on the same chart.

There may be another dip, but the $4,100 and $4,110 levels are likely to hold losses. The main goal for buyers could be $4,150 and a fresh monthly high. A successful break above $4,150 resistance level could push the price towards the $4,200 and $4,250 levels.

Overall, bitcoin price is trading in a steady uptrend with positive signs above the $4,100 support. Therefore, there are high chances of more upsides in BTC above $4,150 and $4,200 in the coming sessions.

The market data is provided by TradingView, Bitfinex.

The post Bitcoin (BTC) Price Prediction: Bulls Ready To Hit ‘GO’ Button appeared first on Blockonomi.

Ethereum (ETH) Price Prediction: Risk of Sharp Drop Escalates

Ethereum price is trading below the key $142.00 resistance level, with a bearish angle. ETH/USD is currently at a risk of a sharp drop unless buyers clear the $142.00 and $144.00 resistances.

  • Ethereum price is struggling to clear the $142.00 resistance area.
  • ETH seems to be following a crucial declining channel with resistance at $142.00 on the 30-minute chart.
  • There could be a nasty drop below $140.00 and $138.20 if there is no break above $142.00.

Ethereum Price

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Ethereum Price Analysis

After trading as high as $147.50, Ethereum price started a slow and steady decline. ETH/USD followed a bearish structure and formed a few lower highs such as $144.88 and $142.11 before moving into a bearish zone.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the last swing high was formed at $144.88 before the price dropped below the $142.00 and $140.00 support levels. It traded as low as $138.25 and later started a short term upside correction.

The price climbed above the $141.50 level and the 25 simple moving average (30-min). There was also a break above the 50% Fib retracement level of the last decline from the $144.88 high to $138.26 low.

However, sellers protected more upsides near the $142.30 level and the 61.8% Fib retracement level of the last decline from the $144.88 high to $138.26 low. Later, there was another attempt to clear the $142.00 resistance, but buyers failed to gain traction and a swing high was formed at $142.11.

At the moment, it seems like the price is following a crucial declining channel with resistance at $142.00 on the same chart. Therefore, a convincing break above the channel resistance and follow through above the $142.11 swing high is needed for a fresh upward move.

If buyers fail to gain bullish momentum above the $142.00 resistance, there could be a nasty drop below the $140.00 and $138.20 support levels in the near term.

Overall, Ethereum price is trading near a crucial resistance at $142.00. If ETH fails to climb higher, sellers are likely to take control and the price may drop towards the $136.00 support.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Prediction: Risk of Sharp Drop Escalates appeared first on Blockonomi.

Ripple XRP Price Analysis: Selling Rallies A Good Deal

Ripple price extended losses below the $0.3200 support level. XRP is still trading in a bearish zone and it may decline further unless buyers clear the $0.3240 resistance level.

  • As discussed yesterday, ripple price declined further below the $0.3200 support.
  • There is a crucial bearish trend line in place with resistance at $0.3230 on the 30-minute chart.
  • XRP price must clear $0.3230 and $0.3240 to start a decent rebound in the near term.

Ripple Price

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Ripple Price Analysis

Yesterday, we saw a bearish pattern in ripple price, with a double top pattern near the $0.3265 resistance level. XRP remained in a downtrend and broke the $0.3200 support level to trade to a new weekly low at $0.3183.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair declined from the $0.3266 high to $0.3183 low before starting a short term upside correction. It moved above the $0.3210 level and the 25 simple moving average (30-minute chart).

During the recent correction, the price traded above the 50% Fib retracement level of the latest drop from the $0.3266 high to $0.3183 low. There was a decent ascending channel formed with resistance near $0.3240.

However, the rebound was capped by the channel resistance and $0.3235. Besides, the 61.8% Fib retracement level of the latest drop from the $0.3266 high to $0.3183 low acted as a solid resistance.

There is also a crucial bearish trend line in place with resistance at $0.3230 on the same chart. Clearly, there is a strong resistance formed near the $0.3240 level. A successful break above the $0.3240 resistance is must for buyers to gain control in the near term.

If the price fails to surpass the $0.3235 and $0.3240 levels, there could be a downside extension. An initial support is near the $0.3185 level, below which the price is likely to test the $0.3165 support.

Overall, upsides remain capped in ripple price near the $0.3240 level. As long as XRP is below $0.3240, there could be more losses towards $0.3165 or $0.3150. On the upside, a break above $0.3240 may push the price towards the $0.3300 level.

The market data is provided by TradingView, Bitfinex.

The post Ripple XRP Price Analysis: Selling Rallies A Good Deal appeared first on Blockonomi.

Ripple (XRP) Price Prediction: Inching Lower As Bears Took Control

Ripple price failed to gain bullish momentum above $0.3250 and declined recently. XRP bears are gaining control and the price could extend the current downside correction.

  • Ripple price formed a double top pattern near the $0.3265 resistance level.
  • There was a break below a contracting triangle support at $0.3220 on the 30-minute chart.
  • XRP price could extend losses below $0.3200 and it could test the $0.3165 support.

Ripple Price

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Ripple Price Analysis

Buyers made another attempt to pushed ripple price above the $0.3250 and $0.3260 resistance levels, but they failed. XRP formed a double top pattern near the $0.3265 resistance level and later started a fresh bearish wave versus the US dollar and bitcoin.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair traded as high as $0.3266 recently before starting a downward move. It broke the $0.3240 and $0.3220 support levels to move into a bearish zone and settled below the 25 simple moving average (30-minute chart).

During the decline, there was a break below a contracting triangle support at $0.3220 on the same chart. As a result, bears took control and pushed the price towards the $0.3190 support level.

A swing low was formed at $0.3186 and before the price started a short term upside correction. It moved above the $0.3200 level and the 23.6% Fib retracement level of the latest slide from the $0.3266 high to $0.3186 low.

However, the previous support at $0.3220 and the 50% Fib retracement level of the latest slide from the $0.3266 high to $0.3186 low prevented further upsides. The price is currently moving lower and it could break the $0.3186 swing low in the coming session.

The next key support is near the $0.3165 level, where buyers may emerge. Having said that, if ripple bears remain in action, there are chances of more downsides towards the $0.3155 or $0.3140 support levels.

On the upside, a break above the $0.3220 resistance is needed for a decent rebound. The main resistances on the upside are $0.3240, $0.3250 and $0.3265, where XRP buyers are likely to face a strong selling interest.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Prediction: Inching Lower As Bears Took Control appeared first on Blockonomi.

Ethereum (ETH) Price Prediction: Another Dip Towards Key Support

Ethereum price struggled to trade above the $145.00 resistance and declined recently. ETH/USD is currently moving lower and it could dip 5% towards the $136.00 support area.

  • Ethereum price extended losses below the $142.00 and $140.00 support levels.
  • ETH traded below a key bearish flag with support at $140.40 on the 30-minute chart.
  • Bears are taking control and they could push the price towards the $136.00 support.

Ethereum Price

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Ethereum Price Analysis

There was an upward move from the $140.00 support in Ethereum price above the $142.00 level. However, ETH/USD struggled to break the $144.80-145.00 resistance area, resulting in a fresh decline below the $142.00 support.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair traded as high as $144.88 and later declined sharply. It broke the $142.00 support area and a connecting bullish trend line to move into a bearish zone.

The price even broke the $140.00 support and settled below the 25 simple moving average (30-min). A new weekly low was formed at $138.31 before the price corrected higher. It traded above the $140.00 level and the 50% Fib retracement level of the last slide from the $144.88 high to $138.31 low.

However, the $142.00 resistance area and the 61.8% Fib retracement level of the last slide from the $144.88 high to $138.31 low acted as a strong resistance.

Finally, there was a fresh decline below a key bearish flag with support at $140.40 on the same chart. It has opened the doors for more losses below the $140.00 support and the $138.31 swing low. In an ideal bearish scenario, the price is likely to decline 5% (similar to the last two patterns) and test the next key support at $136.00.

However, it won’t be easy for sellers to remain in action since there are many supports on the downside close to $138.00 and $136.00. On the upside, an initial resistance is near $141.00 and the 25 simple moving average (30-min).

The next key resistance is near $142.00, above which Ethereum price may revisit the $145.00 resistance area. Overall, the crypto market seems to be correcting lower and there could be more losses in BTC, ETH, XRP, XLM, LTC, BCH, EOS and others before buyers emerge.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Prediction: Another Dip Towards Key Support appeared first on Blockonomi.

Ethereum (ETH) Price Prediction: Slow and Steady Uptrend

Ethereum price rallied above the $140.00 resistance this past week and traded to $147.50. ETH/USD corrected lower, but it remains well bid above the $140.00 support.

  • Ethereum price corrected lower and tested the $140.00 support (previous resistance).
  • A short term bullish trend line is formed with support at $142.00 on the 30-minute chart.
  • ETH price is placed above the $140.00 support and it could bounce back above $144.50.

Ethereum Price

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Ethereum Price Analysis

Finally, there was a strong upward move in Ethereum price above the $140.00 resistance area. ETH/USD broke the $145.00 resistance area and traded as high as $147.50 before starting a downside correction.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair declined below the $144.50 and $142.00 support levels. There was even a spike below the 25 simple moving average (30-min) and the price traded towards the $140.00 support.

However, the $140.00 support (the previous key resistance) acted as a solid buy zone. The price recovered above $142.00 and the 25 simple moving average (30-min). There was a break above the 50% Fib retracement level of the latest correction from the $147.50 high to $140.00 low.

On the upside, the $144.50 level acted as a strong resistance along with the 61.8% Fib retracement level of the latest correction from the $147.50 high to $140.00 low.

ETH dipped again and tested the $142.80 level plus the 25 simple moving average (30-min). On the downside, there is short term bullish trend line formed with support at $142.00 on the same chart.

Below the trend line, the main support is near the $140.00 level. Should buyers fail to keep the price above the $140.00 support, the price could move into a bearish zone. The next key support is near the $136.50 level, which is also a Fib extension level.

Overall, there was a downside correction in bitcoin, Ethereum and XRP recently. However, dips remain supported and it seems like ETH may continue to find a strong buying interest near $140.00. Therefore, the price could climb higher towards $147.00 and $150.00 in the near term.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Prediction: Slow and Steady Uptrend appeared first on Blockonomi.

Ripple (XRP) Price Prediction: After a Breakout, Price Rally Soon?

Ripple price rallied above the $0.3200 resistance and tested the $0.3300 zone. XRP/USD corrected lower, but buyers remain in control above the $0.3200 and $0.3210 supports.

  • Ripple price traded as high as $0.3297 and later corrected towards the $0.3200 support.
  • A major breakout pattern is formed with support at $0.3225 on the 30-minute chart.
  • XRP price is likely to rally above the $0.3260 and $0.3280 levels as long as it is above $0.3200.

Ripple Price

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Ripple Price Analysis

In the last analysis, we discussed high chances of a rally in ripple price above the $0.3200 barrier. XRP did climb higher, broke the $0.3200 resistance and even cleared the $0.3280 resistance area.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair traded as high as $0.3297 and later started a downside correction. It declined below the $0.3260 and $0.3250 support levels. A swing high was formed near $0.3268 before the price declined towards the $0.3200 support level.

It traded as low as $0.3210 and recently recovered nicely above the $0.3240 level. However, the $0.3265-0.3270 area seems to be acting as a decent barrier for buyers. The price topped near $0.3266 and dipped below the 50% Fib retracement level of the latest wave from the $0.3220 low to $0.3266 high.

Moreover, there was a break below the $0.3240 level and the 25 simple moving average (30-minute chart). At the moment, the price is trading near the 76.4% Fib retracement level of the latest wave from the $0.3220 low to $0.3266 high.

On the downside, there are many supports near the $0.3220, $0.3210 and $0.3200 levels. There is also a major breakout pattern is formed with support at $0.3225 on the same chart.

Therefore, the price remains supported above $0.3210 and it could bounce back above $0.3240 and $0.3260 in the coming sessions. The main resistance is at $0.3300, above which the price may climb towards the $0.3350 level.

On the other hand, a downside break below the $0.3200 support may push ripple price back in the negative zone. The next key support for XRP buyers could be $0.3165.

The market data is provided by TradingView, Bitfinex.

The post Ripple (XRP) Price Prediction: After a Breakout, Price Rally Soon? appeared first on Blockonomi.

Price Watch: Bitcoin, Ethereum, Ripple & EOS Price Analysis 15th March

Bitcoin price corrected lower recently, but stayed above the $3,880 support area. BTC is currently forming a crucial breakout pattern and it is likely to climb higher.

In the short term, there could be bearish moves, but BTC and altcoins like Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), binance coin (BNB), stellar (XLM) and EOS are likely to extend gains in the coming days.

Cryptocurrency Price Watch

Key Takeaways:

  • Bitcoin price is trading nicely above the $3,880 and $3,900 support levels.
  • Ethereum price must break the $140 and $144 resistance level to gain further.
  • Ripple price is trading inside a crucial breakout pattern with resistance near the $0.3300 level.
  • EOS seems to be forming a solid support near the $3.45-3.50 zone.
  • ORME gained more than 800% and CRO rallied close to 250% during the past 7 days.

Bitcoin Price Analysis

After trading above the $4,000 level, bitcoin price faced a strong resistance near the $4,040 level. Later, BTC/USD started a downside correction and traded below the $4,000 and $3,950 support levels.

Bitcoin Price Analysis BTC Chart

Bitcoin Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price topped near the $4,044 level before starting a downside correction. It traded below the $3,950 support and the 21 simple moving average (4-hours). Besides, there was a break below the 23.6% Fib retracement level of the last wave from the $3,769 low to $4,044 high.

However, the decline was protected by the key $3,880-3,900 support area. More importantly, the 50% Fib retracement level of the last wave from the $3,769 low to $4,044 high also acted as a support.

The price rebounded above $3,925 and later starting consolidating in a tight range. At the outset, there is a crucial breakout pattern forming with resistance at $3,980 on the same chart. Should bitcoin break the $3,980 and $4,000 resistance levels, there could be an upside extension above the $4,040 level.

The next key resistance is at $4,075, above which the price may continue to rise towards the $4,150 and $4,200 levels. On the other hand, if there is a downside break below $3,940 and the 21 simple moving average (4-hours), there could be more losses.

However, the $3,900 support might continue to act as a strong support. If sellers clear the $3,900 support level, the price may could move into a bearish zone. The next main support is at $3,840, followed by $3,770.

Ethereum Price Analysis

Ethereum price started a fresh decline after it failed to move above the $144-145 resistance area. ETH/USD declined below the $140 and $138 support levels to move into a short term bearish zone.

Ethereum Price Analysis ETH Chart

Ethereum Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price even declined below the $135 support and the 21 simple moving average (4-hours). During the drop, sellers pushed the price below the 50% Fib retracement level of the last wave from the $126 swing low to $144 swing high.

However, the $130-132 area acted as a strong support and prevented more losses. Besides, the 61.8% Fib retracement level of the last wave from the $126 swing low to $144 swing high also acted as a support.

The price recovered above $134 and the 21 simple moving average (4-hours). To the upside, there is a strong resistance formed near the $138 zone. There is also a declining channel in place with resistance at $138 on the same chart.

A successful close above the channel resistance could open the doors for more gains above the $140 level. The main resistance area is at $144-145, above which ETH may gain bullish momentum.

On the downside, an initial support is near the $134 level and the 21 simple moving average (4-hours). The current price action suggests that there could be a minor dip towards the $130 support area before the price could climb above $138 and $140.

Ripple Price Analysis

Ripple price remained in a broad contracting range above the $0.3000 support against the US Dollar as discussed in the last analysis. XRP/USD made a couple of swing moves, but it failed to gain momentum above the key $0.3300 resistance area.

Ripple Price Analysis XRP Chart

Ripple Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price seems to be forming a solid support above the $0.3100 and $0.3140 levels. Recently, there was a spike above the $0.3200 resistance area. The price even climbed above the $0.3300 level, but it failed to hold gains.

It declined sharply below $0.3300 and the $0.3200 level. It traded as low as $0.3153 and recently recovered above $0.3160 and the 21 simple moving average (4-hours).

On the upside, an initial resistance is near $0.3240 and the 50% Fib retracement level of the recent decline from the $0.3322 high to $0.3153 low. More importantly, there is a crucial breakout pattern in place with resistance near the $0.3300 level.

Therefore, the price must settle above $0.3300 to move into a positive zone and start a solid uptrend. On the other hand, if there is a downside break below the $0.3100 and $0.3000 supports, there could be a strong decline towards $0.2800.

EOS Price Analysis

After a strong upward move above the $3.50 level, EOS price faced sellers near $4.00 against the US Dollar. The price traded as high as $4.00 and later started a downside correction.

EOS Price Analysis Chart

EOS Price Chart: Click to Enlarge

Looking at the 4-hours chart, the price declined below the $3.80 support and the 21 simple moving average (4-hours). There was even a break below the $3.60 support and the 50% Fib retracement level of the last wave from the $3.15 low to $4.00 high.

However, the $3.45-3.50 support zone acted as a strong buy zone. Besides, the 61.8% Fib retracement level of the last wave from the $3.15 low to $4.00 high acted as a support.

The price recovered recently above the $3.55 level, but upsides remain capped. There is a major bearish trend line formed with resistance near the $3.70 level. Should EOS break the trend line, the price may climb above the $3.75 and $3.80 resistance levels.

The main resistance is at $4.00, above which it could test the $4.30 level. On the downside, an initial support is near the $3.50 level, below which there is a risk of more losses below the $3.45 and $3.30 levels in the near term.

Top Gainers

During the past 7 days, a few small cap altcoins gained bullish momentum and posted more than 100% gains, including ORME, CRO, CPC, NOAH, SIX, TCN and IIC (trading volume more than $50K). Out of these, ORME rallied around 800% and CRO gained nearly 250%.

To sum up, bitcoin price seems to be preparing the next crucial move either above $4,000 or below $3,900. In the short term, BTC could decline, but the technical structure suggests that dips remain supported. Therefore, there are high chances of more upsides in Bitcoin and altcoins such as Ethereum, ripple, bitcoin cash, stellar, TRX, EOS, ADA, LTC, BNB and XMR could slide in the coming sessions.

The market data is provided by TradingView, Bitfinex.

The post Price Watch: Bitcoin, Ethereum, Ripple & EOS Price Analysis 15th March appeared first on Blockonomi.

Ethereum (ETH) Price Prediction: One Last Dip Before Higher?

Ethereum price rebounded above the $136.00 level, but struggled to clear $139.00-140.00. ETH/USD could decline again before it tries to climb above $140.00.

  • Ethereum price is facing important resistances near the $137.25 and $138.00 levels.
  • A crucial bearish trend line is in place with resistance at $136.50 on the 30-minute chart.
  • ETH price is likely to dip towards the $133.50 support before it could climb higher.

Ethereum Price

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Ethereum Price Analysis

After a sharp decline towards the $130.00 support level, Ethereum price recovered above the $133.50 and $135.50 resistance levels. However, ETH/USD failed to stay above the $138.00 and $139.00 levels, resulting in a downside reaction.

Ethereum Price Analysis ETH Chart

Click to Enlarge Chart

Looking at the 30-minute chart of ETH/USD, the pair traded as low as $130.55 and later jumped towards the $139.00 level. The price traded as high as $139.01 and later started a downside correction. It declined below the $137.00 level and the 25 simple moving average (30-min).

Besides, there was a break below the 23.6% Fib retracement level of the latest wave from the $130.55 low to $139.01 high. It seems like the price is following a crucial bearish trend line with resistance at $136.50 on the same chart.

There could be another attempt to clear the $136.50 or $137.25 resistance in the short term. If buyers fail to gain momentum above $137.25, the price could decline again. An initial support is near $134.80 and the 50% Fib retracement level of the latest wave from the $130.55 low to $139.01 high.

However, the main support is near the $133.50 level, where buyers are likely to emerge. To the topside, a successful break above $137.25 and $139.00 is likely to open the doors for more gains towards the $142.00 and $144.00 levels.

The current price action suggests another dip in Ethereum price towards the $133.50 support before buyers could take a stand. Later, ETH is likely to rebound above $137.25 and $140.00. Conversely, if there is a downside break below the $133.50 support, the price might revisit the $130.50 swing low in the near term.

The market data is provided by TradingView, Bitfinex.

The post Ethereum (ETH) Price Prediction: One Last Dip Before Higher? appeared first on Blockonomi.

Ripple (XRP) Price Prediction: Rally Inevitable Above $0.3200

Ripple price declined towards the $0.3100 support and later recovered nicely. XRP/USD is placed above $0.3140 and it is likely to break the $0.3200 resistance for a strong upward move.

  • Ripple price is placed nicely above the $0.3140 and $0.3150 support levels.
  • Buyers are eyeing an upside break above a major declining channel at $0.3175 on the 30-minute chart.
  • XRP price could climb higher sharply if there is a clear break above $0.3180 and $0.3200.

Ripple Price

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Ripple Price Analysis

Recently, there was another dip in ripple price below the $0.3150 support level. XRP traded towards the $0.3100 support, formed a low near the $0.3112 level and later started a decent upward move.

Ripple Price Analysis XRP Chart

Click to Enlarge Chart

Looking at the 30-minute chart of XRP/USD, the pair recovered nicely from $0.3112 along with bitcoin, litecoin, Ethereum, EOS and other cryptocurrencies. The price climbed above the $0.3140 and $0.3150 resistance levels.

There was even a break above the $0.3160 level and the 25 simple moving average (30-minute chart). However, the price struggled to clear a major declining channel with current resistance at $0.3175 on the same chart.

The recent high was near $0.3178 and the price is currently consolidating gains near the 23.6% Fib retracement level of the latest wave from the $0.3112 low to $0.33178 high.

On the downside, there are many supports near the $0.3150 and $0.3140 levels. The main support is just below $0.3140 and the 50% Fib retracement level of the latest wave from the $0.3112 low to $0.33178 high.

Therefore, if there is a downside correction, the price is likely to find buyers near the $0.3150 or $0.3140 support area. Should ripple decline below the $0.3140 or $0.3135 level, sellers could aim $0.3100 in the coming sessions.

On the flip side, a successful close above the channel resistance and $0.3180 could boost gains. In the mentioned bullish scenario, the price is likely to rally above the $0.3200 and $0.3220 resistance levels. The next stop for XRP buyers could be $0.3245 or even $0.3300.

The market data is provided by TradingView, Bitfinex.

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