​​ ​​BNB has been able to recover after a price drop of over 24 hours that saw it rally above the critical support level of $500 and gain even more bullish momentum. At the time of writing, BNB is worth $507.43 meaning that there has been an increase by 8.08% in a day.  Market capitalization has risen sharply with the price, now about $74.89 billion. Trading volumes within the past one-day period also increased significantly, rising to almost $1.94bn. This shows growing investor confidence and more activities going on in BNB trading.  BNB’s Price Surges Past $500  Over the last…

The crypto market has taken a significant hit, causing Bitcoin to come down in a spiral. An analysis of the price of Bitcoin reveals that there was ​​a steep fall as it went on to drop by nearly 8% over the last day and achieved the minimum value during the past four months i.e., February. It is part of the overall bearish trend which has seen 23.5% since the beginning of last month. Technical Analysis: BTC Breaks Below Key Support of $55k On daily charts, Bitcoin crossed below a crucial psychological and technical barrier at $55,000. Earlier this level had…

Solana (SOL) price analysis indicates bearish sentiment as the crypto struggles to stand firm amid a wider market correction. Solana had a hard time in the previous 24 hours with prices falling by 8% to trade at $136.47 during early morning EST. This fall came on the tail of an upsurge in trading activities which could be attributed to VanEck’s spot ETF for Solana plan. Technical Indicators Point to Continued Struggles The technical landscape of Solana currently leans bearish. The price is consolidating within a descending parallel channel signaling a continuation of the downtrend unless otherwise. Although this channel’s centerline…

Ripple XRP’s action today attempts to break the $0.50 resistance level which has proven to be tough in recent trading sessions. Ripple is currently changing hands just below this all-important level at about $0.47, with multiple resistance layers hindering its way up. The 50 EMA around $0.50 brings to the fore a psychological resistance point on the technical landscape for XRP. In addition, there are also other significant barriers such as the 100 EMA at $0.52 and the 200 EMA at $0.53 above it. These levels have not been surmountable as volumes traded fall short of what would sustain a…

The Bitcoin (BTC) price has made a strong recovery, breaking out of its June downtrend and setting itself up for potential gains. This comes after the cryptocurrency formed a new higher low on the weekly chart, typically seen as a very bullish signal. After a tough April post-halving in which it lost 50% of its mining rewards, Bitcoin has been showing signs of life again with recent movement suggesting that $63k is a solid base. July saw Bitcoin begin by printing a daily close above $63k, flipping what had become resistance into support. Most notably though, this level was defended…

Bonk (BONK), the meme coin that has captivated the crypto community, is currently positioned for a potential breakout. The trading range of $0.00002 to $0.00003 might soon shift upward as BONK demonstrates significant bullish signals. With a remarkable week-on-week price increase and a six-month surge of over 77%, BONK is becoming a robust contender in the meme coin space. The coin’s current trading price of $0.00002363 and a 24-hour increase of 7.43% underscores a growing investor interest that could propel it into new price territories Technical Indicators and Market Sentiments The Relative Strength Index (RSI) is presently near 65 which…

Dogecoin (DOGE) is showing mixed signals at the moment. Price is $0.122382 and 24hr volume is $318,357,711. Despite a 1.26% drop in the last 24 hours the market is reacting to various factors.Recent data shows that large holders who own 0.1% of the total supply are selling their holdings and putting pressure on the price. This has reduced the large holders net flow by 311% in the last 7 days. When big holders sell it can cause increased volatility and price drops. But there is also accumulation from these holders. This could stop the price from dropping further as big…

Bitcoin sits at $61k after a dip to about $60,962. The 24-hr trade is $20,778,128,327 for Bitcoin implying much trade even despite the downward trend. This spells a critical point for investors and traders alike as, Bitcoin tests the mark of $61,000 which could either be a springboard for an upswing or act as a resistance pushing prices lower. Indicators of Technical Analysis and Future Price Movements Looking at its technical aspects, it has been consolidating around $61k as shown by its trading activity that mostly occurs within Bollinger Bands. Currently, the middle Bollinger Band which normally acts as dynamic…

Shiba Inu (SHIB) has recently shown promising signs that could indicate the beginning of a bullish phase. After enduring a prolonged downtrend over the last three months, SHIB has found crucial support at its 200-week Exponential Moving Average (EMA). This significant technical level often serves as a strong foundation for future price movements. Currently, SHIB is trading at $0.00001692, which is 3.72% above this pivotal support level, suggesting that the price has stabilized and might be poised for a rebound. The stabilization at this level is particularly noteworthy given the broader context of the cryptocurrency market, where several assets struggle…

PEPE coin price analysis shows the meme token has been price volatile. Although it surged temporarily and got some attention from investors, it couldn’t hold above the resistance and now bearish scenarios are playing out, and it could go as low as $0.00001 unless the bulls regain strength and turn things around. PEPE is holding above the levels. Recently, PEPE has risen into new zones as the focus has shifted from big tokens to meme coins. But the bulls have hit resistance and now the month is looking bearish. It’s rebounding from lows but struggling to hold higher, so it’s…