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 […]

In the wake of the geopolitical issue between Russia and Ukraine, Bitcoin has shown considerable volatility over the past two months. The coin price resonates between $45000 and $33000, implying a range-bound rally in the short term. However, amid the bearish cloud hovering above the crypto market, a swiss city-Lugano makes Bitcoin, Tether, and LVGA

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AXS coin price fails to surpass the resistance trendline and retraces to the $50 support. Will the increased selling pressure bring heavier discounts? Key technical points: The AXS price resonates lower in the descending triangle. The Stochastic RSI displays a bearish crossover. The 24-hour trading volume in the Axie Infinity token is $303 Million, indicating a 2.45% gain.  Past Performance of AXS AXS coin price showed a consolidation breakout formed near the $50 support zone resulting in a rally to the long-coming resistance trendline. However, the price failed to withstand the high selling pressure resulting in downfall to the $50 support zone. The price action prints a triple black crow formation hinting at a decline below the emotional barrier.  Source-Tradingview AXS Technical Analysis  The AXS/USDT chart shows the price coming back to the $50 support zone for the third time since the start of 2022. The bearish anticipation of downfall below $50 will find support at the $38 mark. The flattish 100 and 200-day EMA shows a bearish crossover, with the 50-day EMA providing a constant dynamic barrier. Hence, the EMAs are expected to be moving along with high-selling pressure areas. The Stochastic RSI indicator shows the K and D line nosedive below 70% following a bearish crossover. Hence, the falling lines indicate the end of the bull cycle. The RSI indicator slope show rejection from the central line and retraces to the 14-day average line. However, the slope shows a bullish divergence in the last two dips at the support zone.  In a nutshell, AXS technical analysis projects a bearish bias as the retracement gains momentum. Upcoming Trend AXS coin price anticipates a bearish downfall if the sellers strengthen their grip over trend control and bring the $50 fallout. However, the high demand accompanying the emotional barrier will be challenging for the bears.  Contrarily, if bulls regain trend control with a reversal, the altcoin would rally higher and retest the trendline.  Support Levels: $50 and $40 Resistance Levels: $60 and $70  

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As foreseen in the previous article, MATIC continued its downward trajectory towards the 61.8% Fibonacci support while breaking down from the bearish flag on its daily chart. From here on, MATIC aimed to retest the crucial $1.45-$1.52 range near its Point of control (POC, red) before positioning itself to make a trend committal move. If […]

MANA coin price shows an overnight bullish recovery that continues the bullish cycle within the symmetrical triangle pattern.  Key technical points: The MANA coin shows an overnight growth of 11%  The MACD indicator is on the verge of showcasing a bullish crossover The 24-hour trading volume in the Decentraland’s token is $980 Million, indicating a 13% rise.  Past Performance of MANA MANA coin price sustains above the 200-day EMA and continues to rise with the support trendline. The lower price rejection drives the altcoin price 10% higher, resulting in the bullish engulfing candlestick. However, the rally is yet to surpass the 50-day EMA and exit the triangle pattern. Source-Tradingview MANA Technical Analysis  The MANA coin price shows an increased buying pressure that may soon approach the resistance trendline of the triangle pattern. However, the triangle pattern breakout possibility depends upon the market recovery. The crucial daily EMAs show a bullish alignment with the 50 and 100-day EMAs moving sideways and teasing a potential bearish crossover. However, the triangle breakout will inflect a bullish recovery in the EMAs and avoid the crossover. The MACD indicator shows the fast and slow lines take a bullish stand after crossing into the negative territory. Hence, the lines are on the verge of a bullish crossover that will end the bearish histograms. The Stochastic RSI Indicator shows the K and D line rising higher in a linear progression, indicating a bull cycle in action. Moreover, the lines recently avoid a bearish takedown reflecting the bulls having a relatively more robust side.  In short, the MANA technical analysis projects a recovery within the triangle with the potential to surpass the resistance trendline.  Upcoming Trend The MANA coin price shows a bullish candle in the daily chart that reflects the bulls resurfacing to regain trend control. Therefore, traders can find short-term buying opportunities at current prices with the possibility of triangle breakout. Support Levels: $2.75 and $2.45 Resistance Levels: $3 and $3.6

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AVAX coin price shows a solid triangle pattern in the daily chart that has kept the overnight bullish growth of almost 15% within the check.  Key technical points: The AVAX coin price fails to outgrow the triangle pattern despite 15% overnight growth   The Stochastic RSI shows the K and D line avoid a bearish crossover The 24-hour trading volume in Avalanche’s token is $2.25 Billion, indicating a 45% rise.  Past Performance of AVAX AVAX coin price shows the bullish growth of almost 15% overnight resulting in a complete bullish engulfing candlestick and a short follow-through candle with 15 hours left. The rally surpasses the $85 mark and outshines the merged 50 and 100-day EMA. However, the rally shows higher price rejection from the resistance trendline of the triangle pattern.  Source-Tradingview AVAX Technical Analysis  The AVAX coin price shows a boom in buying pressure evident by the jump in trading volume, but bulls struggle to surpass the resistance trendline. However, the increasing recovery of the overall crypto market can result in the triangle breakout. The crucial daily EMAs show the 50 and 100-day averages merged to give a potential crossover. However, the recent recovery can help avoid the crossover and maintain the bullish alignment. The MACD indicator shows the fast and slow lines give a bullish crossover in the positive territory with the recent reversal. Furthermore, the start of a bullish MACD histogram hints at a potential uptrend that may break above the resistance trendline. The Stochastic RSI Indicator shows the K and D lines avoiding a fatal bearish crossover with the recent recovery and maintaining a bullish trend. Therefore, the indicator shows the bull cycle surviving a bear attack. In a nutshell, the AVAX technical analysis reflects a potential triangle breakout that may surpass the $100 resistance zone. Upcoming Trend The AVAX coin price remains within the triangle pattern and hints at a potential breakout as the buying pressure grows all over the crypto market. However, safe traders must wait to surpass the trendline before taking a bullish stand. Traders can expect the rally to reach the $100 mark and bring back the bullish momentum. Support Levels: $75 and $65 Resistance Levels: $90 and $100

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Under the influence of this descending trendline, the IOTA coin price lost 32% over fortnite hitting the $0.68-0.6 support. The IOTA buyers failed their second attempt to breach the high swing resistance of $3.42 on Feb 16th. Amid the intense sell-off in the crypto market, the coin chart formed six consecutive red candles, which tumbled the altcoin by 27.5%, bringing it to $2.44. However, the long-tails candle at this support hints the buyers are defending this level with vigor. Can bulls follow up on this rejection, or bears continue their correction? Key technical points: IOTA price obtains strong support from 20-day EMA The 24-hour trading volume in the IOTA coin is $43.6 Million, indicating a 19.7% rise.  Past Performance of IOTA The IOTA/USDT technical chart displays a descending triangle pattern in the daily time frame chart. The pattern’s descending trendline started way back from April 2021 top. Since then, the price action has respected this resistance and $0.6 neckline support. Amidst the January bloodbath and geopolitical issue, i.e., the Russia-Ukraine war, the pair has tumbled by 50% from the beginning of 2022, bringing it to $0.6 support. Source-Tradingview IOTA Technical Analysis  The IOTA price trades at the $0.73 mark by press time, indicating an 18% gain from $0.6 base support. Furthermore, the buyers attempt to breach the descending trendline, which would be the first signal to recovery. The IOTA chart shows a bearish sequence among the crucial EMAs(20, 50, 100, and 200), indicating the path to least resistance is downward. These downsloping EMAs suggest the traders are selling aggressively. The MACD indicator shows the fast and slow lines were on the verge of giving a bullish crossover, providing an extra edge for a bullish reversal. The daily-RSI Indicator slope reverted before entering the oversold territory. Following rally has reclaimed the 14-SMA and is now steadily approaching the midline. In a nutshell, the MIOTA technical analysis has started providing a reversal signal, bolstering a bullish reversal. Upcoming Trend If IOTA bulls breakout and gives daily candle closing above the resistance trendline. The buyers would drive altcoin by 40%, reaching the swing-high resistance of $1. The following breakout would intensify the buying momentum; however, the descending triangle trendline is critical to signal a trend reversal.   Support Levels: $0.83 and $1 Resistance Levels: $0.6 and 0.4

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The LUNA price breached the $75 threshold and brings a retest entry opportunity to reach the $90 mark. The rally starting from the $50 mark gains more than 50% in the past five days resulting in the breakout of multiple barriers on the way to the top. However, the retracement hints of a retest to gain

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The largest cryptocurrency has been quite volatile over the past two months amidst the geopolitical issue of the Russia-Ukraine war. The correction rally marked the current lower low at $33000 on January 24th. The buyer’s recovery attempts drive the coin price by 35%; however, the $45000 stands as a formidable barrier for them. Technical indicators

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The massive move upside had MIR form a golden cross

On February 10th, the Harmony (ONE) price turned down from the $0.223 resistance and lost 25% by hitting its $0.166 monthly support. The bulls had high hopes from the support, but the global markets facing geopolitical issues, i.e., Russia invading Ukraine, triggered further downfall and plunged the altcoin to $0.12 support. However, The coin chart

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Amidst geopolitical issues like the Russia-Ukraine war, the Shiba Inu (SHIB) price shows robust volatility over the past few days. The seller had recently slumped the coin price to a prior support level of $0.0000236. However, both parties are struggling to make significant moves, forming a no-trading zone for traders.  Key technical points:  The SHIB

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