All articles tagged with #support level
Originally Published 4 months ago — by AMBCrypto
Bitcoin's future rally hinges on the critical $100K support level, with macroeconomic factors, whale profit-taking, and seasonal trends influencing its trajectory. Despite recent declines and profit-taking by whales, the market remains cautious, and the upcoming Federal Reserve meeting could be pivotal for Bitcoin's next move.
Originally Published 4 months ago — by AMBCrypto
Cardano's ADA faces a potential 6.5% decline if it closes below $0.90, despite a surge in futures trading volume and technical indicators suggesting possible upward movement. The asset is in a critical support zone, with traders closely watching for a breakout or breakdown that could lead to significant price changes.
Originally Published 1 year ago — by Finbold - Finance in Bold
Nvidia's stock is at a critical juncture, trading at $138.68 and facing a potential breakdown if it falls below the $132 support level. A head-and-shoulders pattern suggests a bearish reversal could occur, with the stock currently consolidating between $135.06 and $137.33. Analysts remain cautiously optimistic as long as NVDA holds this support range, but a drop below $135 could invalidate bullish setups and lead to further declines. Despite its long-term AI growth potential, Nvidia's short-term technicals indicate caution is necessary.
Originally Published 1 year ago — by AMBCrypto News
XRP has seen a significant price increase, consolidating above the $2.3 support level. If this support holds, XRP could aim for recent highs of $2.9 or even surpass $3, potentially reaching the 2021 peak of $3.3. However, a drop below $2.3 might push the price down to $1.5. The market shows mixed signals, with strong demand but insufficient capital inflows to confirm a bullish trend. Liquidation data suggests potential price fluctuations before any upward movement.
Originally Published 1 year ago — by AMBCrypto News
Ethereum Classic (ETC) recently broke past the $29 resistance level, driven by hype around Ethereum ETFs and its network's fourth halving. Despite recent volatility and an 8% drop, ETC is expected to bounce back from the $29 support level, potentially moving towards $39.7. Traders might find a buying opportunity if prices dip to the $28.4-$29 liquidity zone.
Originally Published 1 year ago — by CoinDesk
Bitcoin and Ether both experienced significant declines, with Bitcoin dropping below $60,000 and Ether falling under $3,000. Market strategist Joel Kruger believes that the correction is not over yet, pointing to the crucial support level of $59,000 for Bitcoin. The decline reflects a cooling-off phase after a multi-month rally, and large investors have not started buying the dip at current prices, indicating potential for further weakness or consolidation before a turnaround.
Originally Published 1 year ago — by Finbold - Finance in Bold
Bitcoin's value is consolidating above $60,000, functioning as a support, but uncertainty looms as it failed to sustain value above $64,000. Analysts warn of a potential drop to $50,000 if support is breached, while also highlighting the possibility of a climb to $65,900 if the support holds. Despite bullish technical indicators and growing demand for spot Bitcoin ETFs, the risk of losing the $61,000 support persists, with the market susceptible to further corrections despite a positive long-term outlook.
Originally Published 2 years ago — by FX Empire
Natural gas is experiencing a bearish retracement, with sellers in control and a potential continuation of the downtrend. The failure of the long-term downtrend line to hold as support further indicates a bearish outlook. The next target for natural gas is around $2.22, based on an extended falling ABCD pattern. The breakdown of a large bearish flag and the confirmation by moving averages add to the bearish sentiment, with the 1.95 trend low at risk of being tested as support.
Originally Published 2 years ago — by CNBC
A bullish options trade on Amazon is being recommended as the stock rebounds from a key support level ahead of its earnings report.
Originally Published 2 years ago — by MarketWatch
The stock market's recent decline has brought attention to the closely watched support level of 4,200 for the S&P 500. Analysts have flagged this level as an important test, and the index was down 1.2% near 4,237 on Tuesday. The 4,200 level is significant as it aligns with the 200-day moving average and represents key Fibonacci retracement levels. Technical analyst Mark Arbeter suggests that the market should see at least a bounce from this region.
Originally Published 2 years ago — by U.Today
Shiba Inu (SHIB) has found a significant support level at $0.00000736, suggesting a potential period of stabilization. The low liquidity in the market could lead to exaggerated price swings but also indicates a period of accumulation. However, the overall network activity and profitability of SHIB have dwindled, posing challenges for the token. Despite these obstacles, the Shiba Inu community remains committed to its development focus and institutional-grade research.
Originally Published 2 years ago — by CoinDesk
Bitcoin's recent drop below a multiweek trading range has raised concerns among technical analysts, who warn of deeper losses if key support levels are not defended. The cryptocurrency's downside has been limited around the 50-day simple moving average (SMA) at $29,140, but a break below this level could increase downside risk to long-term support near $25,200. Weekly chart indicators suggest a potential move below the 50-day average, with overbought downturns and a possible sell signal on the MACD histogram. Traders are closely watching the decisions of major central banks this week, as they could impact the market's consolidation and set the trend for the coming weeks.
Originally Published 2 years ago — by Cointelegraph
Bitcoin's key support level, the 200-week moving average, is back in play as BTC struggles to stay above $27,000. Technical analysts warn that a failure to hold this level could mean the bottom isn't in yet, with the next level of support around $25.5k. Open interest in Bitcoin futures is increasing, with long positions becoming more prominent. The US Federal Reserve's decision on interest rates due on June 14 is seen as a "do or die" moment for Bitcoin's technical support levels. Liquidations have impacted longs, with cross-crypto position losses totaling $33 million.
Originally Published 2 years ago — by Cointelegraph
Bitcoin's price fell below $27,000 due to large-volume trades and increasing market expectations of an interest rate hike by the US Federal Reserve in June. Traders are now waiting for a break above $27,500 or a close below $26,600 to make a move. The long/short ratio is currently above 2, which needs to be resolved before things start looking bullish. The 100-day moving average and the 200-week moving average at $26,100 could form a downside support zone.
Originally Published 2 years ago — by Cointelegraph
Bitcoin's support level of $27,000 is at risk of breaking down, with traders waiting for new lows. BTC/USD was trading near $26,800 at the time of writing, with an overall lack of liquidity causing the largest-volume traders to reduce activity. While the long-term outlook is bullish, trading group Stockmoney Lizards offered a potential downside target of $25,000, with the 25-week simple moving average presented as a possible support line. The current trading range, featuring as a key support and resistance zone from 2021 onward, showed no signs of relinquishing control.