All articles tagged with #support levels
Bitcoin's price fell below $112K, with $107K acting as a short-term support level, amid a cautious market sentiment and signs of profit-taking by whales. Technical indicators suggest a neutral risk/reward balance, and traders are advised to watch key on-chain metrics for potential entry and exit points, especially if Bitcoin's price stabilizes above the $107K support.
Bitcoin is approaching a key support level around $110,530, with potential for a bounce that could boost altcoins like ETH, BNB, LINK, and MNT. The market remains range-bound amid macroeconomic uncertainties, with some analysts predicting a drop to $100,000 while others see a rise to $145,000. Short-term technicals suggest possible dips and rebounds for Bitcoin and select altcoins, depending on whether support levels hold or break. Overall, the market shows signs of indecision, with potential for both upward and downward movements based on key support and resistance levels.
Broadcom's stock fell sharply after earnings and outlook that met Wall Street estimates, with technical analysis highlighting key support levels at $235 and $200, and an overhead resistance near $265, amid profit-taking and a recent RSI above 80 indicating potential overbought conditions.
Gap shares fell sharply after the retailer warned that tariffs would negatively impact profits this year, despite beating quarterly expectations. Key support levels to watch are around $22 and $19, with a major overhead resistance near $29. The decline was driven by profit-taking ahead of earnings and technical resistance at previous peaks, with traders monitoring these levels for future movements.
Shares of CVS Health Corporation are trading lower, potentially breaking a crucial support level at $52.50, which has held since 2019. This break could signal the start of a new downtrend as sellers dominate the market. The concept of 'market memory' suggests that this level has been significant for years, and its breach may lead to further price declines.
XRP is struggling to maintain its price above $0.52 after a recent decline erased previous gains. The altcoin's support is under pressure, with the Relative Strength Index indicating a weak bullish trend. Demand and trading volume have remained flat, and over 1 billion XRP holders are now out of profit. The total supply in profit has decreased, suggesting potential further price drops if current support levels fail.
Solana (SOL) has experienced a significant 20% drop in value over the past seven days, with its price sinking below a crucial support level. Despite bearish sentiment and high social volume, some technical indicators have turned bullish, hinting at a possible trend reversal. However, concerns remain as the token's price may further decline, with potential support levels at $130 and $120. Additionally, the derivatives market has shown some bullish signs, with a decline in open interest and funding rate.
Gold price fell to a new retracement low of 1,984 but may see a potential rebound as it forms a bullish hammer candlestick pattern, with a target of 2,002 followed by 2,009. However, a falling ABCD pattern suggests a lower price area of 1,979, with the 200-Day MA at risk of being tested at 1,965. A monthly bear trigger may persist if gold drops below January’s low of 1,973, indicating a bearish continuation.
Natural gas prices have been on a seven-day decline, with support seen at 1.59, but no convincing signs of a turnaround. Sellers remain in control as the price breached the 1.80 support zone and fell to 1.59/1.61. If today’s low is broken, the next targets are 1.52 and 1.44, with a potential bullish reversal if the 1.52 zone is hit. A rally above today’s high of 1.69 could indicate strength, with previous support levels becoming resistance.
Natural gas has dropped to a new trend low of 1.76, nearing a potential support zone at 1.80, and is 52% below the October swing high at 3.64. A decisive close below 1.80 could indicate a deeper decline towards the next significant price zone at 1.61, with a bearish trend continuation signal on the weekly chart. Further downside targets include 1.52 to 1.49, but a bullish reversal is anticipated at or above 1.49, with future price action around potential support levels providing insight into market strength or weakness.
Natural gas price trends lower, eyeing support at 1.80 with potential for further decline below long-term levels. If 1.80 support fails, the next lower level is at 1.61, with rallies likely to face resistance around prior lows starting at 1.95. The current decline follows a failed attempt to confirm a bullish reversal and sustain an uptrend above the 200-Day MA and the long-term downtrend line, indicating an acceleration in the decline with no signs of slowing down yet.
The price of natural gas has plummeted to a 42-month low, reaching 1.87 and eyeing a next target of 1.80, with potential further support at 1.61 to 1.44. A bearish long-term trend continuation signal has been triggered, indicating a possible acceleration of the decline, supported by crossovers in moving averages. The market appears to be heading towards lower prices, with downside follow-through still warranted.
Natural gas is experiencing downward pressure and is likely to continue its bearish trend, with potential support levels around 2.03 to 1.95 and a possible pivot at 1.92. The market has fallen below key moving averages and support lines, indicating a strong bearish sentiment. Downward momentum may slow down as it approaches a new trend low, potentially leading to a bullish reversal, but a decisive drop below today’s low could signal further downside.
Natural gas experienced a bearish decline, breaking key support levels and heading towards the 78.6% Fibonacci retracement at 2.48. The bearish momentum was confirmed by a wide-range red candlestick pattern and a weekly bearish reversal, indicating further weakness. The next potential support is at 2.48, followed by a minor swing low around 2.41. While the current outlook for natural gas is bearish, a countertrend move is expected after reaching support levels, with volatility remaining a key factor in price movements.
Natural gas falls to a new trend low but finds support and rallies back above the prior trend low, signaling a potential bullish one day candlestick pattern. The decline captures all prior price action, and if today's low can sustain support, a rally back to test prior support levels as resistance could come soon. However, bearish signs remain as natural gas continues to close below the long-term downtrend line, reflecting underlying weakness in demand. Strength will be indicated on an advance above today's high, with potential resistance levels at 2.425 and 2.49, while a more significant price zone is around 2.88.