OKB, the native token of the OKX Exchange, has recorded substantial gains today in a bearish crypto market. The utility token saw a price...

Join Our Telegram channel to stay up to date on breaking news coverage  Tamadoge buyers became very aggressive (towards the end of the last daily session)...

Cosmos price analysis suggests an upwards movement for todayPrice levels gain stability as the price goes above the $10.00 levelSupport level is present at...

Ethereum price has moved up on its chart over the last 24 hours. The altcoin witnessed a 4% growth in the same time frame. This has pushed the price of the altcoin closer to the immediate resistance. Once the Ethereum price moves above the closest resistance level, the bulls could definitely take control of the market. Technical indicators of the altcoin have pointed towards bullish signals. However, it is too soon to say if the bulls will remain on the chart over the next trading sessions. Bitcoin price also logged minor gains, which have turned certain altcoins green over the last 24 hours. In the last week, Ethereum price appreciated by 4%. This indicated that most of the gains made by the altcoin were registered over the last day. The crucial price mark for the altcoin remains at $1,400. If the bulls can maintain their momentum, the altcoin could break through the $1,400 barrier in the coming trading sessions. Buying strength has seen a considerable increase as ETH moved north over the last 24 hours. Ethereum Price Analysis: One-Day Chart ETH was trading at $1,380 at the time of writing. The coin has finally moved upwards after a phase of consolidation. The bulls could push past the $1,400 level over the next trading session if they hold the momentum. The bulls will gain further control if that level is crossed. The other resistance mark for the coin stands at $1,500. A move above the $1,500 level could propel the price of Ethereum to $1,680. On the other hand, a small drop in price will bring Ethereum to $1,340 and then to $1,268. The amount of Ethereum traded in the last session increased, signifying bullish price action. Technical Analysis The altcoin’s northbound movement brought buyers back into the market. The technical indicators had signalled that the bulls had re-surfaced along with the buyers. The Relative Strength Index zoomed above the half-line in an indication that buyers have outnumbered sellers in the market. Ethereum price was above the 20-SMA, which meant that demand for the altcoin had increased and that buyers were driving the price momentum in the market. Related Reading: Ethereum Price Bulls Keeps Pushing, Why Rally Is Round The Corner The other technical indicators were also in accordance with the buyers. Ethereum had depicted buy signal on the one-day chart. Moving Average Convergence Divergence indicates the price momentum and the overall price direction of the asset. The MACD continued to display green signal bars above the half-line, which meant that there were buy signal for the crypto. Bollinger Bands measure the price volatility and the chance of price fluctuation. The bands were super constricted and this reading is often associated with explosive price action. Related Reading: Ethereum Price Will Rally If This Happens; What Could That Possibly Be? Featured Image From UnSplash, Charts From TradingView

In recent times bitcoin’s volatility has been the lowest it’s been since 2020 and after last month’s market downturn, crypto enthusiasts expected a reversal...

Bitcoin, Ethereum and even Dogecoin registered a spike in prices following Elon Musk’s tweet. The world’s richest person, Tesla and SpaceX Chief Executive Officer Elon Musk has been quite influential in terms of driving the price action of cryptocurrencies. In his recent tweet, Musk stated that he would not be selling his Bitcoin, Ethereum and Dogecoin and that he still continues to own them. This tweet came after Elon Musk asked a question about the expected rate of inflation in the next few years. Soon after that particular tweet, Bitcoin, Ethereum and even Dogecoin registered upward price movements on their respective charts. BTC was up by 3%, while Ethereum gained a little above 2% and Dogecoin zoomed up by 4%. Despite a positive price sentiment, cryptocurrency’s prices remain quite volatile. At press time these coins reversed some of the recent gains. Related Reading | Bitcoin MPI Rises To Highest Value Since March 2021, Bull Rally Soon? Bitcoin Price Analysis: Four Hour Chart Bitcoin was priced at $38,428 at the time of writing. It lost 0.8% of its market value. It is safe to say that BTC was consolidating as the coin has been struggling to move past the $39k mark. Strong support for the coin stood at the $37k mark, however, sharp resistance awaited the token at $40k. In case BTC breaks on the upside and manages to climb over the $39k mark, the next stop would be around the $42k-$43k region. On the flip side, a breakthrough at the $37k support mark would push BTC to trade in between the $37k-$34k price levels. Bitcoin Technical Analysis The technical outlook however suggests bearish pressure in the market. The volume of Bitcoin was seen declining as the previous sessions closed in the red. The Relative Strength Index also corresponded with the bears hence sellers re-entered the market. Awesome Oscillator that depicts market momentum. The indicator was seen turning green which meant that market momentum could change directions over the upcoming trading sessions. Bollinger Band indicate volatility and it flashed a squeeze which meant that prices could witness sharp fluctuations in the next trading sessions. Ethereum Price Analysis: Four Hour Chart Ethereum was trading for $2528 at the time of writing. Prices were seen trading laterally and the coin depreciated slightly by a per cent after noting gains in the past 24 hours. Overhead price ceiling was at $2614, following which the coin could encounter strong resistance at $2722. On the other hand, ETH’s local support was at $2450. Ethereum Technical Analysis The volume of Ethereum traded has declined which is correlated to a fall in the number of buyers in the market. The technical outlook painted a bearish pull. Ethereum was seen below the 20-SMA line and that corresponds to sellers taking charge of the current price momentum. Bollinger Bands tightened and that is a sign of sharp price volatility. Although ETH was trading sideways, prices could either swing up or down sharply over the next trading sessions. The Relative Strength Index was below the half-line indicating more number of sellers. Related Reading | QuickSwap Asks The Community, To Split or Not to Split QUICK Token?

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Since hitting its ATH, Cardano (ADA) has downturned and practically swayed below its 20-50 EMA. The decline proved to be alarming for the bulls as they failed to defend the critical $0.94-mark. Assuming the willingness […]

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After hitting its ATH on 6 November, Axie Infinity (AXS) commenced its downturn in a descending channel while the bears kept testing the crucial $46-support.  Assuming the bulls can uphold this support, as they have […]

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Cardano (ADA) has been on a long-term downtrend since it hit its ATH on 2 September. Meanwhile, it lost its vital $1.02-support as the bears projected their dominance. Now, a compelling close below the $0.938-support […]

After the recent sell-off, it becomes vital for Cosmos bulls to step in and defend the $25.1-level to prevent further fallout. Further, Stellar eyed at the lower band of its Bollinger bands after noting double-digit losses in the last three days. Similarly, Chiliz fell below its EMA ribbons while the bulls strived to uphold the […]

As the crypto fear and greed index drifted into a ‘neutral’ zone, XRP Formed a bullish flag on its 4-hour chart and reclaimed the crucial $0.83 level. Furthermore, Avalanche saw double-digit 24-hour gains as it rose above its 20-50-200 SMA and flashed overbought readings on its technicals. Also, WAVES affirmed the bullish edge and tested […]

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Since 9 November, Bitcoin Cash (BCH) has steeply declined in a down-channel (white). For the most part, the 20 SMA (red, mean of Bollinger Bands) stood as a sturdy resistance until the bulls flipped it […]