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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.

KDA coin price fails to surpass the sellers at the 200-day EMA and retraces to the $5.75 support. Will the trendline influence bring another fallout? Key technical points: The KDA price trends lower under the influence of a descending trendline The RSI slope crosses below the central line. The 24-hour trading volume in the Kadena token is $46 Million, indicating an 11% fall.  Past Performance of KDA KDA coin price shows a reversal from the $5.75 support level and rises higher to the highly bearish resistance trendline. However, the increased selling pressure along the trendline and the 200-day EMA crushes the bullish attempt resulting in a 15% downfall within 48 hours.  Source-Tradingview KDA Technical Analysis  KDA coin price retraces to $5.75 after the rejection from the $7.70 mark as the selling pressure increases. Hence, the altcoin brings a selling opportunity at the current prices.  The falling 50-day EMA crosses below the 200-day EMA as sellers reject another bullish attempt. Moreover, the crossover of 100 and 200-day EMA may shortly follow the death cross in the KDA/USD chart.  The Stochastic RSI indicator shows the end of the bull cycle as the K line crosses below the D line. Hence, the diving lines indicate the increasing chances of downfall below the $5.75 mark. The RSI indicator slope fails to sustain above the 50% mark and returns to the 14-day average. However, the uptrend in the RSI slope continues with the 14-day SMA. Hence, the indicator reflects the possibility of a reversal. In a nutshell, KDA technical analysis projects a bearish bias as the rejection from the 200-day EMA gains momentum. Upcoming Trend KDA coin price action brings a selling opportunity with the rejection from the death cross. Hence, a higher price rejection can be seen in the currently making bullish candle. Moreover, the fallout of $5.75 can result in a 25% discount. Conversely, if bulls regain trend control with a reversal from $5.75, the altcoin would rally higher and retest the trendline.  Support Levels: $5.75 and $4.35 Resistance Levels: $7 and $7.75  

The post KDA Technical Analysis: Deathcross Increases Bearish Influence  appeared first on Cryptoknowmics-Crypto News and Media Platform.

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.

The XRP price displayed an impressive recovery last week, rallying to the $0.9 mark. However, the sellers mounted stiff resistance at the confluence of 200-day EMA and the rising trendline, pulling the altcoin back to $0.75 support. Under the influence of a descending triangle pattern, the sellers could lead the XRP price to $0.5. Key technical

The post XRP Price Prediction: Will XRP Retest $0.5 Again Or Continue Bull Run Beyond $0.9? appeared first on CoinGape.

Since the correction phase initiated in October end of 2021, the SHIB price has only experienced a steady downtrend. The token price has tumbled by 75% from the All-Time High of $0.00008455, and current hints further sell-off respecting a falling channel pattern. However, the Shibarmy should be excited as Shiba Inu is prepared to launch

The post SHIB Price Analysis: Shiba Inu Forms An Inverted Pennant Pattern; Another 35% Dip On Charts appeared first on CoinGape.

Due to a huge correction in the last two weeks, LINK price lost around 50% in value. The LINK/USD pair has dropped to the crucial support of $13.5 looking for sufficient demand. The coin chart shows several lower price rejection candles at the bottom support registering a 20% gain in the last six days. If

The post Chainlink Price Analysis: LINK Bulls defended $13.5 Support; Can They Break $16.75? appeared first on CoinGape.