Blog old - Page 28 of 682 - cryptosignals.org

Loopring (LRC/USD) Sees Bullish Momentum Consolidate at $0.42: Sustainable Trend Ahead?

The Loopring market initiated a departure from stable market conditions, marked by a consolidation phase around the $0.23 price level. Between late February and early March, the market experienced an escalation in bullish momentum, driving prices aggressively upward, surpassing the $0.50 price threshold. However, as the bull market intensified, reaching hyperbullish conditions on March 14, it signaled the potential for a retracement or even a reversal in the bullish trend.

Loopring Market Data

LRC/USD Price Now: $0.44
LRC/USD Market Cap: 581 million
LRC/USD Circulating Supply: 1.4 billion
LRC/USD Total Supply: 1.4 billion
LRC/USD CoinMarketCap Ranking: #140

Key Levels

Resistance: $0.55, $0.60, and $0.65.
Support: $0.35, $0.30, and $0.25.

Loopring Market Analysis: The Indicators’ Point of View

Throughout the bullish trend, the upper Bollinger Bands diverged, tracking the price action as it trended upward. However, the lower standard deviation maintained its position around the $0.23 price level. This stability of the lower band, as of then, suggested a potential reversal in the trend. So, we saw a strong price correction from above the $0.50 price level. Despite a notable price correction, bullish activity is evident at the $0.42 price level, indicating ongoing positive sentiment. Furthermore, if the bearish sentiment persists beyond the $0.50 price level, the market may consolidate before resuming its bullish trajectory towards the $0.600 price level.

LRC/USD 4-Hour Chart Outlook

In a shorter time frame, we observe a crypto signal indicative of the resilience of the $0.43 price level. Additionally, analysis of trading volume indicates a reduction, along with decreasing volatility. These factors suggest an imminent market consolidation around this level. As the Bollinger Bands converge, it may signal an impending definitive price movement in a discernible direction.

Trade crypto coins on BYBIT!

Uniswap (UNI/USD) Price Is Correcting, Reshaping for Recoups

Uniswap Price Prediction – March 15

A relaxation pushing velocity has been occurring in the way that bulls have been formerly featured, as the UNI/USD market is correcting and reshaping for recoups near the line of $12.50.

The stochastic oscillators in the oversold area are creating a bouncing-myth crypto signal as they attempt to finish their moves around the middle Bollinger Band, indicating that more downward forces are probably not going to be felt. In conclusion, it is anticipated that purchasers will reclaim their positions at the expense of a bullish candlestick.

UNI/USD Market
Key Levels:
Resistance levels: $17.50, $20, $22.50
Support levels: $12.50, $10, $7.50

UNI/USD – Daily Chart
The UNI/USD daily chart showcases that the crypto market is correcting, reshaping for recoups toward the middle Bollinger Band.

The impact of uprising forces in recent operations has placed the Bollinger Bands to the upside. In the meantime, the middle trending part of the indicators appears to be instrumental in the subsequent activities. The stochastic oscillators have the blue part stepped into the oversold area.

What trading pattern is the UNI/USD market presently sticking to at the locations of the Bollinger Bands?

As it has been observed technically, a relaxation price action in the UNI/USD trade has produced a pattern in the form of ranges, given that the crypto market is currently correcting and reshaping forrecoups.

Given the state of the market, it appears that long-position placers will need to see the reemergence of a bullish candlestick in order to get decent long-term entry orders. A substantial harder support has been formed around the lower part at $10 for buyers to return upwards, based on a worst-case scenario against bulls from about the middle Bollinger Band’s zone.

It doesn’t seem psychologically acceptable for bears to obtain more consistent pushes southward at this time, as evidence suggests that downward forces have been reaching lower ends. If that assumption is given another perfect outlook, then before the stochastic oscillators obtain a decent entry for shirting position orders, they must obtain a positional form to a higher location to point back south.

UNI/BTC Price Analysis
In contrast, the Uniswap market has been placed under a correction against Bitcoin, reshaping for recoups from around the middle Bollinger Band.

In the oversold area, the stochastic oscillators have been positioned southerly across a few points. The Bollinger Band trend lines are momentarily oriented upwards, offering pivotal marks that the market has been retreating from. It seems that the basic cryptocurrency is receiving a heads-up to rise again soon.
\
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

You can purchase Lucky Block here. Buy LBLOCK

Polkadot Resumes Its Bullish Ascent as It Hovers above $10

Polkadot (DOT) Long-Term Analysis: Bullish
Polkadot’s (DOT) price has continued its upward trend as it hovers above $10. The DOT price has fallen as the altcoin approaches the $12 resistance zone. The altcoin is recovering from its recent downturn. The present upward trend will continue if the cryptocurrency price retraces and remains above the 21-day SMA.

On the upside, if buyers overcome the barrier below $12, the DOT price will rise and return to its prior high of $22.50. On the other hand, selling pressure will return if the altcoin retraces and drops below the 21-day SMA. The altcoin will fall above the 50-day SMA or the $8.35 support. Meanwhile, the altcoin is hovering just above the moving averages. The DOT price is worth $10.52 at the time of writing.

Polkadot Resumes Its Bullish Ascent as It Hovers above $10 — DOT/USD – Daily Chart

Technical indicators:
Major Resistance Levels – $10, $12, $14
Major Support Levels – $8, $6, $4

Polkadot (DOT) Indicator Analysis
Polkadot has retraced above the 21-day SMA following its latest dip.
The price bars are just above the 21-day moving average line. The lengthy candlestick tail implies strong buying above the 21-day SMA support. On the 4-hour chart, the price bars are below the moving averages.

What Is the Next Direction for Polkadot (DOT)?
Polkadot is currently in decline and remains above the 21-day SMA as it hovers above $10. The crypto signal will be good if the altcoin remains above the 21-day SMA. This will allow the altcoin to resume its bullish trend. However, the crypto signal will be bearish if the price falls below the 21-day SMA on the daily chart.

You can purchase Lucky Block here. Buy LBLOCK

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

Avalanche Price Prediction: AVAX/USD Stays Above $57 Level

Avalanche Price Prediction – March 5

The Avalanche price prediction shows that AVAX escalates, but a break above $57 may pull the coin toward $60 in the coming trading sessions.

AVAX/USD Long-term Trend: Bullish (Daily Chart)

Key Levels:

Resistance levels: $68, $70, $72

Support levels: $42, $40, $38

Avalanche Price Prediction: AVAX/USD Stays Above $57 Level — AVAXUSD – Daily Chart

AVAX/USD is currently trading around the resistance level of $56.47 after touching the daily high of $57.18 in the early hours of today. However, this could easily pave the way for gains above $58 and toward $60. Therefore, if the 9-day moving average remains above the 21-day moving average, the market may show that the bullish grip may be getting stronger.

Avalanche Price Prediction: Avalanche (AVAX) May Go Higher

The Avalanche price is currently holding the ground above the 9-day and 21-day moving averages after a major recovery from $48.29. This shows that buyers may begin to have the upper hand in the price movement, and they could easily push the coin toward the potential resistance of $68, $70, and $72. In other words, if the buying action fails to break above $57, then AVAX/USD could instead settle for consolidation.

However, it is about time buyers increase their confidence in the recovery because $60 is still achievable. Therefore, if the bears push the coin back below the moving averages, the support levels of $42, $40, and $38 may be reached.

AVAX/USD Medium-term Trend: Bullish (4H Chart)

Looking at the 4-hour chart, the Avalanche price faces the upside, but the 9-day MA is likely to cross below the 21-day MA. Meanwhile, if the market price eventually moves near the upper boundary of the channel, traders might expect a long-term bullish movement.

In other words, any bearish movement toward the lower boundary of the channel may likely meet the major support at $50 before falling to $45 and below while the buyers may need to push the market to the potential resistance at $68 and above if the bulls increase the pressure to give more bullish signals.

You can purchase Avalanche here. Buy AVAX

Chainlink’s Price Slides but Pauses above the $18.66 Support

Chainlink (LINK) Long-Term Analysis: Bullish
Chainlink’s (LINK) price is recovering from a previous decline but pauses above the $18.66 support. The altcoin is on an upward trend, having surged to a high of $22.83 before pulling down. The $22 resistance has stopped the increasing momentum. The bulls have an uphill battle as the cryptocurrency continues to return to its earlier high.

On the upside, if the bulls break through the resistance at $22, the altcoin will soar to its previous high of $26.50. However, the altcoin’s upward trend is uncertain because it has fallen below the moving average lines. The bulls delayed the drop above the 50-day SMA. The cryptocurrency price plummeted between the moving average lines. Price movement is now limited to a range.

If the 50-day SMA is breached, LINK’s price will fall much lower, to $16.58. However, if the bulls cross the 21-day SMA, the cryptocurrency will return to its prior high of $22.83. Chainlink was worth $19.36 at the time of writing.

Chainlink's Price Slides but Pauses above the $18.66 Support — LINK/USD – Daily Chart

Technical indicators:
Major Resistance Levels – $8.00, $10.00, $12.00
Major Support Levels – $6.00, $4.00, $2.00

Chainlink (LINK) Indicator Analysis
The 21-day and 50-day SMAs have trapped the price bars. When the moving average lines are breached, the LINK price will resume trending. On the 4-hour chart, the price bars are below the moving average lines, indicating the current trend. The slide has slowed above the $18.66 support. The extended candlestick tails signal significant buying pressure above the present support.

What Is the Next Direction for Chainlink (LINK)?
Chainlink’s price is caught between two moving average lines but pauses above the $18.66 support. On the 4-hour chart, the altcoin is trading sideways between $18.80 and $22. The altcoin is recovering above the $18 support level. The crypto signal is unfavorable, as the altcoin trades in a bearish trend zone.

Dash 2 Trade Price Predictions for Today, March 16: D2TUSD Looks for an Upside Reversal at the $0.00536 Support Level

Dash 2 Trade Price Forecast: D2TUSD Looks for an Upside Reversal at the $0.00536 Support Level (March 16)
D2TUSD selling pressure may end soon as the coin price looks for an upside reversal at the current support level of $0.00536 and the coin price could be ready for an upward movement soon. Should the bulls push higher and wrestle with the bears at the mentioned support level, and the price shows sustainability above the $0.00822 resistance value, its upsides should extend further. Then we can expect a shift in trend to reach a $0.01000 upper resistance level, maintaining a further growth potential for the buy traders.

Key Levels:
Resistance levels: $0.05500, $0.06500, $0.07500
Support levels: $0.03000, $0.02500, $0.02000

D2T (USD) Long-term Trend: Bearish (4H Chart)
The Dash 2 Trade price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment.

The persistent pressure from the short traders has made the Dash 2 Trade price remain below the supply trend levels in its recent low. However, the current trend will soon be nullified as the market now trades at the oversold region.

Meanwhile, the current price at a $0.00536 low value below the supply trend lines has not affected the market condition of the coin. Further, investors may seize the opportunity now buy the coin at a lower price and look for more gains ahead.

Notably, further downsides are unlikely as the market price of D2TUSD has reached the oversold region; the selling pressure seems to be exhausted. The coin now looks for an upside reversal to resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.

In light of this, the upcoming potential correction could hit the $0.01000 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.

D2T (USD) Medium-term Trend: Bearish (1H Chart)
The coin also trades in a bearish trend market in the medium-term outlook. This is due to the high impact of the short-term traders on the price flow.

The high bearish impact on the Dash 2 Trade market at the $0.00540 low level in the previous action has contributed to its bearishness in its recent low.

.The market price of D2TUSD which drops to a $0.00536 support level below the two moving averages as the 1-hourly session opens today is a result of low bullish momentum.

However, the currency pair could grow further if the buy traders could exchange hands with the bears at the current support and break up the $0.00711 high level. This will encourage potential buyers for a sustainable rally.

Additionally, if the buying pressure should increase, there may be a potential rise in the Dash 2 Trade price and this might reach the high of $0.01000 supply level in the days ahead in its medium-term outlook.

Want a coin that has a huge potential for massive returns? That coin is Dash 2 Trade. Buy D2T now.

$SPONGE (SPONGE/USD) Bulls Charge Towards $0.00012 Target

Since the beginning of March, SPONGE/USD has exhibited sustained bullish momentum. The price has rallied steadily, overcoming several resistance levels. However, reaching a significant resistance level has coincided with increased volatility, potentially causing price consolidation. Despite this, bulls have successfully established higher support levels, maintaining the overall uptrend.

Key Market Dynamics:

Resistance Levels: $0.0010, $0.0011, and $0.0012.
Support Levels: $0.000035, $0.000030, and $0.000025.

In-Depth Technical Analysis for $SPONGE (SPONGE/USD)

As SPONGE/USD‘s uptrend continues, the $0.00008 level becomes a critical zone to watch. On March 12th, this level coincided with increased volatility and a temporary halt in the price surge. This time, while trading volume suggests heightened activity, the bullish momentum appears more subdued approaching this resistance. A continued slow and steady price increase could lead to a breakout above $0.00008, potentially establishing it as new support on the path towards the $0.00012 target.

Insights from the 1-Hour Perspective

The 1-hour chart offers some bullish crypto signals for SPONGE/USD, but the $0.00008 level remains a key area to watch. While bulls appear to be establishing support at this level, technical indicators like the Bollinger Bands and RSI suggest it could act as either support or resistance. However, recent trading sessions show bulls defending this level against bearish pressure, increasing the possibility of a bullish breakout and confirmation of support.

With $SPONGE, you can absorb the damp.

ABSORB THE DAMPPPPP!!! 🧽🧽💦💦#SpongeV2 #MemeCoin #Altcoins pic.twitter.com/0CsFQNUL1z

— $SPONGE (@spongeoneth) March 15, 2024

Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!

Bitcoin Records Sharp Dip; Triggers Massive Liquidations

Bitcoin, the pioneering cryptocurrency, has once again captured attention with a significant price drop. After reaching an all-time high above $73,700 on March 14, Bitcoin’s value plummeted, hitting a low of $65,650 in early Friday trading.

This rapid decline marks a more than 9% decrease in value within just 24 hours, with the cryptocurrency currently trading at $67,640 at the time of writing.

Bitcoin Records Sharp Dip; Triggers Massive Liquidations — *BTCUSD Daily Chart*

The market impact of this downturn was substantial, leading to a notable liquidation of leveraged positions, particularly long positions betting on Bitcoin’s continued rise. CoinGlass data shows that this volatility triggered over $216 million in Bitcoin position liquidations, with long positions accounting for the majority at $146 million.

The broader crypto market also felt the effects, with over $453 million in long positions liquidated in the past day alone, resulting in a total of $630 million in liquidations across various centralized exchanges.

Liquidations are common in crypto trading when a trader’s position is forcibly closed due to insufficient funds to cover potential losses, typically occurring when the market moves against the trader’s position, eroding their initial margin or collateral.

El Salvador Moves Bitcoin Holdings to Cold Wallet

In a separate development, El Salvador’s President Nayib Bukele has made a significant move amid the market turbulence, announcing plans to transfer a significant portion of the country’s Bitcoin reserves to an offline storage device in a physical vault.

This decision comes after Bitcoin’s price surged by 50% over the past month. El Salvador’s Bitcoin portfolio is substantial, nearing $407 million in value. However, the nation faced a setback as Bitcoin’s price dropped by almost 7% in the last day.

President Bukele’s comment on the transfer, “It’s not much, but it’s honest work,” reflects a light-hearted approach to the nation’s cryptocurrency strategy in the face of a volatile market.

We've decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territory.

You can call it our first #Bitcoin piggy bank 🇸🇻

It's not much, but it's honest work 😂 pic.twitter.com/dqzedykxT1

— Nayib Bukele (@nayibbukele) March 14, 2024

This news report provides a concise overview of recent events in the cryptocurrency market, highlighting its inherent volatility and strategic moves by nations invested in digital currencies. As the crypto landscape continues to evolve, global attention remains focused on how these digital assets will shape the future of finance.

When trading the crypto market, it doesn’t have to be “hit or miss.” Safeguard your portfolio with trades that actually yield results, just like our premium crypto signals on Telegram.

Interested in learning how to day trade crypto? Get all the information you need here

Solana (SOL/USD) Faces Test at Key Resistance Level: Can Bulls Break Through?

Solana‘s bullish run continues, but so does market volatility. This has bolstered bearish sentiment at key resistance levels, as evidenced by the previous struggle at $150. While technical indicators initially suggested a price correction, a surge in bullish sentiment propelled the price past $150, effectively converting it into support. This positive momentum has fueled further price increases.

Solana Market Data

SOL/USD Price Now: $177
SOL/USD Market Cap: $78.6 billion
SOL/USD Circulating Supply: 443 million
SOL/USD Total Supply: 571 million
SOL/USD CoinMarketCap Ranking: #5

Key Levels

Resistance: $180, $185, and $190.
Support: $140, $135, and $130.

Solana Market Analysis: The Indicators’ Point of View

Despite the escalating volatility accompanying the market’s strong price surge, bears have yet to gain traction. There’s a possibility of a repeat of the March 12th scenario, where surpassing the $150 resistance attracted more bullish sentiment. However, relying solely on historical patterns can be misleading. Technical indicators still suggest a potential correction. Given the prevailing bullish crypto signal, a price intervention by bulls might occur around the $150–$160 range, potentially establishing a price channel where the demand-and-supply battle will unfold.

SOL/USD 4-Hour Chart Outlook

Traders may consider the Bollinger Bands on the 4-hour chart as a signal to adopt a wait-and-see approach. A sustained price above $180 for four trading sessions could indicate a continuation of the bullish trend. Conversely, failure to hold above $180 might lead to sideways price action until a clearer Solana market direction emerges.

Trade crypto coins on BYBIT!