Daily Technical Analysis - Crypto Trading Blog
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Daily Technical AnalysisEthereum Targets Further Bearish Corrections
Ethereum’s price (ETHUSD) has resumed its downward trajectory, experiencing a strong negative momentum that brings it closer to target of $3,020.
20 Dec 20242 min read -
Daily Technical AnalysisBitcoin Pauses at $101K: Is a New Rally Brewing?
After a strong rally, Bitcoin's momentum has taken a breather, with the BTC/USD pair pulling back just below the $104,000 mark. This pause follows the formation of a pinbar, and a rising wedge on the daily chart, classic signals of market indecision. Traders have taken the opportunity to lock in profits, creating a temporary stall in Bitcoin’s upward trajectory.
19 Dec 20242 min read -
Daily Technical AnalysisPudgy Penguins (PENGU) Soars Into Top 70 Following Successful Airdrop
Pudgy Penguins, the fourth-largest NFT collection by market cap, shook up the crypto world with its much-anticipated PENGU airdrop on December 17. Nearly 760,000 wallets claimed over 15.5 billion tokens, with a market cap of 2 billion dollars, making it a landmark event for the community.
18 Dec 20240 min read -
Daily Technical AnalysisBitcoin Reaches New Heights: Breaking Down Its Bullish Momentum
Bitcoin continues to dominate the financial spotlight, setting a new all-time high (ATH) of $107,800. After a period of consolidation and low volatility, the cryptocurrency has reasserted its bullish momentum. Let’s dive into its recent price action, technical indicators, and what this could mean for its future trajectory.
17 Dec 20240 min read -
Daily Technical AnalysisShiba Inu Set to Explode? Bullish Momentum and Ecosystem Growth Signal Big Moves Ahead!
Shiba Inu, one of the most prominent meme coins in the cryptocurrency market, is garnering increased attention as analysts identify bullish signals that could pave the way for significant price gains.
16 Dec 20240 min read -
Daily Technical AnalysisIs Solana’s Top Still Far Away? Breakout Targets Signal New Highs
Solana stole the spotlight in the cryptocurrency market with a stunning green candle that marked a +6.41%.
13 Dec 20240 min read -
Daily Technical AnalysisHow Much Longer Can The 2024 Crypto Bull Run Go?
The 2024 crypto bull run has captured global attention, with Bitcoin breaking $100,000 and altcoins like BNB, XRP, SOL and ADA following suit.
12 Dec 20240 min read -
Daily Technical AnalysisXRP in a Crucial Phase, Will the Correction Lead to a Rally or Further Declines?
XRP recently made waves by hitting an impressive high of $2.91.But after this peak, the price has started to pull back.
11 Dec 20240 min read -
Daily Technical AnalysisEthereum Is at a Crossroads – Will It Be Able to Break 4K or Are We Close to a Reversal?
Ethereum's price is hovering in a critical zone near $3.7K, closing in on the key psychological barrier at $4K.
10 Dec 20242 min read -
Daily Technical AnalysisPEPE Token Surges Following Prolonged Correction – Is It a Potential Signal for Further Gains?
PEPE, a prominent meme-based cryptocurrency, has staged a strong recovery following an extended corrective phase, marking a significant reversal in its price trajectory. After enduring a steep decline earlier this year, the token has successfully established a firm base and resumed its upward momentum, recently breaking through key resistance levels.
09 Dec 20240 min read -
Daily Technical AnalysisEthereum (ETH) Poised for a New All-Time High?
Ethereum (ETH) is making headlines after an impressive 46% price surge in November, nearly reaching its yearly high. The bullish momentum has continued into December, with ETH breaking out from a long-term descending resistance trendline, a significant development for traders and investors.
06 Dec 20243 min read -
Daily Technical AnalysisBitcoin Surges Past $100,000: A Historic Milestone and a New Era for Crypto Markets
Bitcoin has achieved a landmark milestone, soaring past the $100,000 mark to hit a new all-time high of $104,110 during early Asian trading on December 5. The cryptocurrency posted an impressive 7% gain over the past 12 hours, rallying from an intraday low of approximately $95,000.
05 Dec 20243 min read