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Cardano (ADA) Price Watch: Channel Break and Retest

Cardano Price Highlights Cardano price recently broke below its ascending channel to signal that a reversal is underway. Price found support around 0.1200 and may need a correction before resuming the drop. Applying the Fibonacci retracement…
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Crypto Market Valuation Drops Back to $250 Billion, Volume Declines Substantially

The valuation of the crypto market has dropped by $50 billion within a week, from $300 billion to $250 billion, led by the fall of Bitcoin. In the past 24 hours, the Bitcoin price fell from $7,250 to $6,950, extending its loss on August 4…
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What Has Caused the Bitcoin Price to Drop Below $7,000 in the Past 48 Hours?

Over the past 48 hours, the Bitcoin price has dropped by more than eight percent from $7,500 to $6,890, despite having seen some of the most positive developments in the history of the crypto market. Bitcoin 1-day price chart, provided by Cryptowat.ch OTC…
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Bitcoin Price Weekly Analysis: BTC/USD Remains Sell on Rallies

Key Points Bitcoin price declined below $7,260 and moved into a bearish zone against the US Dollar. There is a major bearish trend line formed with resistance at $7,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair…
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Bitcoin Price Intraday Analysis: BTCUSD Beating Continues

It was consolidating sheepishly until a big red candle just appeared out of nowhere. The bitcoin price, at the time of this writing, has dropped to around $7,000 in what seems like a carefully orchestrated dump. We cannot tell what has caused…
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Cardano Price Analysis: ADA/USD Slides Further, $0.12 Next?

Key Highlights ADA price remained in a downtrend and it declined below the $0.1350 support against the US Dollar (tethered). There is a crucial declining channel in place with resistance at $0.1300 on the hourly chart of the ADA/USD pair (data…
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Ethereum Price Analysis: ETH/USD Under Pressure Near $400

Key Highlights ETH price declined sharply and spiked below the $400 support area against the US Dollar. There is a major declining channel in place with resistance at $410 on the hourly chart of ETH/USD (data feed via Kraken). The pair is placed…
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Ripple Price Analysis: XRP/USD’s Buy Zone Near $0.4350

Key Highlights Ripple price held the $0.4270 support and recovered nicely against the US dollar. There is a short-term connecting bullish trend line in place with support at $0.4370 on the hourly chart of the XRP/USD pair (data source from…
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Bitcoin (BTC) Price Watch: Bulls Defending Correction Level

Bitcoin Price Key Highlights Bitcoin price is still in correction mode but appears to be finding support at the nearest Fib. A bounce from current levels could take it back up to the swing high and beyond. A move lower, on the other hand, could…
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Bitcoin Price Intraday Analysis: BTCUSD Bearish Pattern Continues

It is not a new day for Bitcoin speculators, for the prevailing bearish bias in the market has been intensified further following a strong selling round. The day started with BTC/USD sticking to its chop-mood before invalidating a significant…