Popular metaverse token SAND dipped briefly before $3 but has recovered in the past week. Well, the interesting question here is- Could SAND token push toward $4.5? Or was the rally in late January only a relief rally? The $4.5 area (cyan box) had been defended from the bears for all of December, but in […]

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In the near-term, Bitcoin seemed to near a level of resistance at $40.6k. In fact, even the region from $38.9k-$39.2k has been a place where sellers have been strong in the past week. It is […]

The post A Huge Bullish Plot Set for Terra(LUNA), Could Surge Nearly 150% With the Next Leg Up! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The top DeFi token in the crypto space according to the market cap is attempting to make a large flip form the bearish trend and absorb a notable bullish trend soon. The Terra(LUNA) price in the short term is extremely bullish as most of the indicators and technicals point out towards an uptrend. However, in …

Ranked 32nd by market capitalization, Internet Computer saw its token ICP trading at $20.7 at the time of writing. It appeared to break the market structure in early January, but the intense selling pressure since then has actually seen ICP register a new set of lows at $19.1, just beneath the $20.9 lows in late […]

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Ever since the beginning of Q4 2021, the entire crypto space is swinging within a fixed price range. Despite the asset undergoing multiple sell-offs, it strongly maintained above $1 to showcase its tendency to reach higher levels. But in the upcoming days, one can expect a huge free-fall that could compel the price to hit …

The aggressive selling has tumbled LUNA price 45% in just two weeks. The LUNA/USD chart shows a bearish breakdown from two-month low support of $54, teasing to continue its correction. If the sellers maintain this momentum, the coin price will soon drop 30% to the $36.8 mark. Key technical points:  The daily-RSI Slope approaches the

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A week ago the price of Axie Infinity stood at $75. However, even though there was a confluence of support levels right beneath $75 on lower timeframes at that time, the price crashed right through. This was not an isolated incident. The price of AXS has been steadily dropping, at times it has even dropped […]

In these last two weeks, MATIC price lost around 30% dropping to the 3-month low of $1.5. The coin hovering above this support shows a few lower price rejection candles, indicating the presence of demand pressure. Can buyers reclaim the 200 DMA or seller will dominate again?. Key technical element The MATIC chart shows a

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The BNB coin price bottles up the inverted flag pattern and hints at a breakout shortly that will determine the upcoming boom. Binance is an exclusive network of blockchain-based decentralized networks and exchange. The business has grown to become the top cryptocurrency exchange in a wide range of countries. Their associated organizations are attracting a lot of interest too. Let us move ahead to read about Binance technical analysis. Past Performance of BNB The BNB coin price action forms an inverted flag pattern in the daily chart with the recent short-term retracement. The coin price jumps 5.81% in the past 24 hours, with multiple previous lower price rejection candles in the daily chart. Moreover, the price struggles to overcome sellers at the $400 psychological level.  BNB/USD Daily Chart BNB Technical Analysis The BNB coin price action bottles up within the inverted flag pattern in the daily chart teasing a breakout shortly. The freshly made bearish candle at press time indicates a possible bearish candle.  The crucial Exponential Moving Averages show the increased possibility of a death cross as the 50-day EMA continues to fall after crossing the 100-day EMA and $450. Moreover, the price trades below all the crucial EMAs indicating a solid underlying bearishness. The RSI Indicator shows the slope rising higher in the nearly oversold zone, however, the slope struggles to cross the 14-day SMA and the central line. Therefore, a reversal to the oversold zone can be seen shortly. The MACD Indicator shows a reversal in the fast line as it approaches the signal line in the negative territory. Moreover, the falling trend in bearish histograms indicates a bullish revolt in the BNB coin. Therefore, the technical indicators show a rise in underlying bullishness, but the weakness in trend momentum threatens a bearish reversal. Upcoming Trend The BNB coin price bottles up the inverted flag pattern, a bearish continuation pattern, teasing a breakout shortly. The recently making bearish candle and the weak trend-momentum of retracement hint at a bearish fallout. Therefore, sellers can find an entry opportunity at the fallout of $350 with a target of $300. However, a bullish breakout will result in a price jump to the 200-day EMA. At press time, TradingView technical analysis widget gives a “SELL” signal for the BNB coin. Technical Analysis for BNBUSD

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The ENJ coin price shows a bullish reversal within a long-coming falling wedge pattern as Metaverse coins gain bullish attention. Enjin Coin is a subsidiary of Enjin, which offers an interconnected ecosystem of games that are based on blockchain technology. The flagship product of Enjin is the Enjin Network, a social gaming platform where players can create clans and websites. Enjin lets game developers tokenize game items using their Ethereum blockchain. It utilizes Enjin Coin, an ERC-20 token, to secure the digital assets created by its platform. This means that products can be purchased, sold, or traded using real-world value. Let us move ahead to read about Enjin technical analysis. Past Performance of ENJ The ENJ coin price action forms a long-coming support trendline in the daily chart. Currently, the price bounces from the trendline and the $1.5 horizontal level to rise more than 10% in the past 24 hours. Therefore, a price jump to the next level at $2.15 is possible. ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price action creates a huge falling wedge pattern in the 24-hour chart, with a price jump from the support trendline. Hence, a further bullish continuation within the pattern to the resistance trendline is possible. The crucial Exponential Moving Averages struggle to maintain a bullish alignment in the daily chart after the bearish crossover of the 50 and 100-day EMA. The price breaks below the 200-day EMA, however, the recent jump hints at a possible fallout retest. The DMI Indicator shows the ADX above 30%, reflecting a solid trend momentum in play. But the -DI remains higher than the +DI line despite a recent reversal in the lines supporting a bullish comeback. The MACD Indicator shows a parabolic reversal in the fast line as it approaches to cut higher above the signal line. Therefore, a bullish crossover indicating a bullish takeover is possible shortly. Therefore, the technical indicators reflect a possible bullish reversal in the ENJ coin price. Upcoming Trend The ENJ coin price takes support in the long-coming falling wedge pattern reflecting the possibility of a bullish reversal to touch the resistance trendline. Therefore, bullish traders can find entry spots at current prices.  Buyers can target the $2 and $2.15, coinciding with the 200-day EMA as upcoming targets. However, a sudden jump in selling pressure will drive the price lower to the $1.15 mark. At the time of writing, TradingView analyzes the 4-hour chart of ENJ and gives a “NEUTRAL” signal. Technical Analysis for ENJUSD

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Bitcoin cash price started a fresh decline from the $380 resistance against the US Dollar. The price is now trading below the $300 zone and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $270 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The...

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Ethereum is consolidating below $2,500 against the US Dollar. ETH price could continue to move down if there is no break above $2,500 and $2,550. Ethereum managed to stay above the $2,320 and $2,300 support levels. The price is still trading below $2,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a clear move above $2,450 and $2,500. Ethereum Price Holds Support Ethereum declined below the $2,550 support after there was no upside break above $2,700. ETH even declined below the $2,400 level and the 100 hourly simple moving average. However, the bulls were active near the $2,300 zone. A low is formed near $2,316 and the price is now correcting higher. There was a move above the $2,400 level. Ether price even climbed above the 23.6% Fib retracement level of the downward move from the $2,729 swing high to $2,316 low. It is still trading below $2,500 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $2,450 level. Besides, there is a major bearish trend line forming with resistance near $2,450 on the hourly chart of ETH/USD. The first major resistance is near the $2,500 level. A clear move above the $2,500 resistance might start a steady increase. In the stated case, the pair could even surpass the $2,550 level. Source: ETHUSD on TradingView.com The next key hurdle could be $2,630. It is near the 76.4% Fib retracement level of the downward move from the $2,729 swing high to $2,316 low. More Losses in ETH? If ethereum fails to start a fresh increase above the $2,500 level, it could start a fresh decline. An initial support on the downside is near the $2,350 level. The first key support is now forming near the $2,315 level. If there is a downside break below the $2,315 and $2,300 levels, the price could accelerate lower. The next major support for the bulls may perhaps be near the $2,220 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now just above the 50 level. Major Support Level – $2,315 Major Resistance Level – $2,500