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Solana On the Verge of Major Price Movement

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MATIC Price Prediction: Head & Shoulder Pattern Threatens MATIC Price To Hit $1

The MATIC/USD pair closed red during the weekend, retesting the monthly support of $1.4. Under the influence of a bearish H&S pattern, the sellers tease to breach this support and dump the pair to the $1 mark. However, the coin turned green today, and the lower price rejection candle indicates the bulls have not yet

The post MATIC Price Prediction: Head & Shoulder Pattern Threatens MATIC Price To Hit $1 appeared first on CoinGape.

Fantom Price Prediction: Bullish RSI Divergence Triggers Recovery Rally In FTM Token; Is $1.8 Next?

On March 3rd, the Fantom (FTM) recovery rally turned down from the descending trendline($2). This bearish reversal tumbled the altcoin by 34.7%, bringing it back to $1.3 bottom support. However, the buyers aggressively defend this level, suggesting a dip opportunity for traders. Key points The FTM price shows lower price rejection at $1.3 support zone

The post Fantom Price Prediction: Bullish RSI Divergence Triggers Recovery Rally In FTM Token; Is $1.8 Next? appeared first on CoinGape.

Ethereum Price Analysis: Do Or Die Moment For ETH Bulls As Price Nears Apex Of Symmetrical Triangle Pattern

Over the past two months, the ETH/USD technical chart shows a short-term range bound rally. The recent reversal from the descending trendline has tumbled the altcoin by 13.5%, bringing it to local support of $2600. Can buyers revert the ongoing sell-off, or we will revisit the January low support at $2300? Key points:  The MACD

The post Ethereum Price Analysis: Do Or Die Moment For ETH Bulls As Price Nears Apex Of Symmetrical Triangle Pattern appeared first on CoinGape.

SHIB Price Analysis: Descending Trendline Breakout Is Must To Revert Ongoing Downfall

The range-bound movement in SHIB price has dropped to the support trendline of the symmetrical triangle pattern. The buyers preparing for a bullish reversal would face a steeper trendline before challenging the pattern’s key resistance.  Key technical points:  The 200-day DMA has flipped to valid resistance The intraday trading volume in the Shiba Inu coin

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MANA Technical Analysis: Will MANA price sink to $2 support? 

MANA Technical Analysis

MANA coin price action escaped the sideways rally with a breakdown from a symmetrical triangle pattern. Can sellers continue their march to $2 support? Key technical points: The MANA price gave fallout from the symmetrical triangle pattern The Stochastic RSI displays a bearish crossover The 24-hour trading volume in the Decentraland token is $508.7 Million, indicating a 6.7% gain.  Past Performance of MANA Over the past two months, the MANA price resonated in a symmetrical triangle pattern. On March 1st, the buyers failed to continue their bull cycle and turned down the share resistance of $5.25 and 50-day DMA. The follow-up downfall gave a bearish breakdown from the price pattern, accelerating the ongoing selling.  Source-Tradingview MANA Technical Analysis  The MANA/USD daily chart shows three consecutive red candles, registering a 12.5% fall. The breakout candle has reached $4.5, and a 200-day EMA combined support. Hence, the altcoin is expected to revert from this support and retest the breached trendline.  The flattish 50-and–200-day EMA accentuates the sideways price action. The altcoin price is sandwiched between these EMAs, where a breakout from either of these levels would bolster the next rally.  The Stochastic RSI indicator shows the K and D line nosedive below the neutral line following a bearish crossover. Hence, the end of the bull cycle increases the chances of a $2.45 breakout. The MACD indicator shows the fast and slow lines are gradually lower in the bearish territory. Moreover, the MACD histograms remain bearish indicating a sustained selling momentum.  In a nutshell, MANA technical analysis shares a negative bias suggesting a possible decline to the $2 mark. Upcoming Trend If MANA bears sustain this restest phase below the breached ascending trendline, the selling pressure would intensify and plunge the altcoin to $2 Conversely, if bulls wrest control from the bears during the restest phase, the coin price would rally higher and reenter the triangle pattern. However, the sellers could maintain a stiff resistance at the confluence of $2.85 and 50 EMAs, interrupting further gains.  Support Levels: $2.5 and $2 Resistance Levels: $2.85 and $2

The post MANA Technical Analysis: Will MANA price sink to $2 support?  appeared first on Cryptoknowmics-Crypto News and Media Platform.

LUNA Price Prediction: LUNA Charts Signal A Pullback To $77 Support; Should You Buy Or Hold?

Despite the ongoing uncertainty in the crypto market, Terra (LUNA) coin was one of the top gainers last week, registering a 102% growth from the $47.3 mark. However, the LUNA bulls are struggling to breach an overhead resistance for the past few days, suggesting a possible pullback before the buyers could continue their rally. Where

The post LUNA Price Prediction: LUNA Charts Signal A Pullback To $77 Support; Should You Buy Or Hold? appeared first on CoinGape.

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Massive Buying: Bitcoin (BTC) Shoots 15%, Top Ten Crypto Register Double Digit Gains

The crypto market has completely reversed its trajectory after a week of correction and consolidation. Massive buying has ensued in the broader cryptocurrency market over the last few hours with Bitcoin (BTC) posting a solid 15% plus gains. As of press time, Bitcoin is trading at $43,219 levels with a market cap of $819 billion.

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Sandbox Price Analysis: 200 DMA Saves The Day For SAND Buyers; Is Bullish Reversal On Charts?

The recent correction plunged the Sandbox(SAND) price to the January low support($2.7). However, in confluence with the 200 DMA, the buyers bounced back from this support, indicating traders are interested in this dip. The following rally has soared 14.3% from the bottom support. Can bulls kickstart a genuine recovery?  Key technical points:  The SAND chart

The post Sandbox Price Analysis: 200 DMA Saves The Day For SAND Buyers; Is Bullish Reversal On Charts? appeared first on CoinGape.

GALA Price Analysis: GALA Bulls Must Break This Resistance To Initiate A Recovery Rally

On February 16th, the Gala Games (GALA) price turned down from the $0.357 mark. Amidst the recent sell-off in the crypto market, the coin chart shows six consecutive red candles, which slumped the coin price to $0.215. However, the price action suggests a bullish reversal from this support, aiming above the $0.3 mark. Key technical

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Graph Price Analysis: GRT Buyers Lose Monthly Support; What’s Next?

The Graph (GRT) Coin technical chart shows an overall bearish trend. Since last month, the buyers were trying to sustain above the $0.385 support giving multiple retests to this level. However, On February 21st, the sellers took the lead and breached the bottom support with a massive red candle. With today’s retest candle, the traders should

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Avalanche Price Analysis: Can 200 DMA Save AVAX Price From Bloodbath?

The AVAX price second rejection from the $95 mark implies the traders hold a sell-on-rally stance. The AVAX price trading at the $77.5 mark registered a 16.5% fall in the last four days. Moreover, the fallout from the $78 suggests the completion of the double bottom pattern, supporting further selling. Key technical points:  The recent

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XRP Price Prediction: Can This Flag Pattern Save XRP Price From Further Dump?

The parabolic recovery surged the XRP price to the $0.91 mark. The one-week rally registered a 50% recovery, allowing XRP buyers to fight for the $1 mark. However, the sellers defended the higher resistance and turned down the coin to $0.745. The altcoin currently wavers in a tight range should preparing for the upcoming move

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