Bullish Crypto Charts
Bitcoin and most other cryptocurrencies are in the midst of a long-awaited rally, with prices climbing to new highs not seen in months. The charts look bullish, with prices rising and momentum building. This could be the start of a new bull market for cryptocurrencies.
Bitcoin's Price Could Soar Even Higher If These Key Levels Hold
Bitcoin's price could soar even higher if these key levels hold.
Ethereum's Price Is Forming a Bullish Base Below $200
Ethereum's price is forming a bullish base below $200. The cryptocurrency has been trading in a sideways trend since early December, but the recent bullish rally suggests that the bears are losing their grip.
Ethereum's price has been trading in a sideways trend since early December. However, the recent bullish rally suggests that the bears are losing their grip. The cryptocurrency's price is currently trading at $194.95, which is above the $195.00 support level. Ethereum's price is also above the $200.00 resistance level.
The recent bullish rally is likely to continue, as long as the cryptocurrency's price remains above the $200.00 resistance level. Ethereum's price is likely to reach the $225.00-230.00 range over the next few months, if the current bullish trend continues.
Litecoin Is Poised for a Big Breakout Above $50
Litecoin is poised for a big breakout above $50. This is due to a number of reasons, including the upcoming SegWit activation on the Litecoin network, increasing adoption by major businesses, and increasing interest from investors.
The Litecoin network is scheduled to undergo a SegWit upgrade on May 18. This upgrade will allow for faster transactions and increased security. Additionally, Litecoin is seeing increasing adoption by major businesses. For example, Overstock.com recently announced that it would be accepting Litecoin as a payment option. This is likely to increase interest in Litecoin from investors.
Overall, these factors are likely to lead to a breakout above $50 for Litecoin.
Bitcoin Cash Looks Primed for a Rebound After Sharp Sell-Off
Bitcoin Cash has been on a wild ride recently, falling by more than 50% in the past week. This follows a sharp sell-off in early November, when the cryptocurrency fell by more than 70%.
Analysts are attributing this sell-off to a number of reasons, including possible regulatory concerns and market instability. However, many believe that the fall may be nearing an end, and that Bitcoin Cash may soon experience a rebound.
Some analysts are even optimistic about the prospects for Bitcoin Cash, believing that the cryptocurrency may soon surpass Ethereum as the second most valuable digital asset. While it is still early days, and there is no guarantee that this will happen, it is certainly worth keeping an eye on Bitcoin Cash in the coming weeks and months.
EOS Remains Strong Despite Crypto Market Weakness
Despite the overall crypto market weakness, EOS remains strong with a market capitalization of $14.4 billion at the time of writing. The top three cryptocurrencies by market capitalization are Bitcoin, Ethereum, and Ripple, but EOS is still the fourth largest cryptocurrency with a market cap of $4.4 billion.
EOS has seen significant growth over the past few months, and its market cap is up by more than 50% from its all-time low of $3.9 billion in January. The main reason for the increase in EOS’s market cap is that the cryptocurrency is still being traded on a large number of exchanges, and it has seen a surge in trading volume over the past few weeks.
There are a number of reasons why the overall crypto market has been weak recently, and EOS is not the only cryptocurrency that has seen a decline in value. However, EOS still has a lot of potential, and its developers are working hard to increase the functionality of the platform.
EOS is currently ranked as the fifth most popular cryptocurrency on CoinMarketCap, and it is expected that it will continue to grow in popularity over the next few months.
NEO Holds Up Well in Face of Bitcoin and Ethereum Selling Pressure
The NEO token is holding up well against bitcoin and Ethereum selling pressure, despite the recent bearish trend in the market.
NEO prices were down 0.57% at $38.98 as of 10:01 a.m. ET on Monday, according to CoinMarketCap. Ethereum was down 1.71% at $813.06 and bitcoin was down 2.5% at $6,527.
However, NEO prices have been relatively stable over the past few days amid a broader sell-off in the cryptocurrency market.
NEO is a Chinese cryptocurrency that has seen significant growth this year. The coin is up more than 900% since January, according to CoinMarketCap.
Bitcoin and Ethereum are down more than 30% from their all-time highs earlier this year.
Cardano Continues to Outperform as Other Cryptocurrencies Struggle
Cardano continues to outperform as other cryptocurrencies struggle. The ADA/USD pair is up 4.15% at $0.2666 as of press time. Bitcoin, Ethereum, and Ripple are all down more than 2%.
Cardano is currently ranked 5th by market cap, with a total value of $14.5 billion. Ripple is in second place, with a market cap of $27.2 billion. Ethereum is in third place, with a market cap of $28.9 billion. Bitcoin is in fourth place, with a market cap of $29.3 billion.
Stellar Lumens Gains Bullish Momentum as Altcoins Slide Lower
Stellar Lumens, the fifth largest cryptocurrency by market capitalization, has seen some bullish momentum in recent days as altcoins have slumped lower. XLM is up 3.49% over the past 24 hours and is currently trading at $0.2771.
Bitcoin, the largest cryptocurrency by market capitalization, is down 2.21% over the past 24 hours and is currently trading at $6,819. Ethereum, the second largest cryptocurrency by market capitalization, is down 3.12% over the past 24 hours and is currently trading at $1,216.
Altcoins have been declining in value over the past few days as investors sell off cryptocurrencies in response to news that South Korea is planning to ban anonymous trading on local exchanges. Bitcoin and Ethereum have both seen declines of around 10% over the past few days.
Stellar Lumens is a blockchain-based platform that allows users to send and receive payments with ease. The Stellar network is designed to make it easy for people to send money anywhere in the world.
IOTA Price Rises as Other Cryptocurrencies Fall Back
The IOTA price rose as other cryptocurrencies fell back in value on Thursday. Bitcoin, Ethereum, and Ripple were all down between 1 and 3 percent at the time of writing, while IOTA was up 2.5 percent on the day.
IOTA has been the beneficiary of a number of recent announcements from the IOTA Foundation, which has raised its profile in the cryptocurrency world. These include the launch of a new data marketplace and the IOTA Trinity development project.
Meanwhile, Ethereum and Ripple are facing increasing competition from Bitcoin Cash, Cardano, and Stellar Lumens. These coins are all gaining ground on Ethereum and Ripple, respectively, as developers create more specialized applications for them.
TRON Price Stabilizes Above $0.025 Amidst Bearish Market Conditions
TRON price stabilized above $025 against the US Dollar during the past 24 hours. However, the market remains bearish as there are a number of indicators that suggest more losses are ahead for the crypto.
Bitcoin (BTC) and Ethereum (ETH) are still among the worst-performing assets in the market, declining by about 7% and 10%, respectively. Other major cryptocurrencies such as Ripple (XRP), Bitcoin Cash (BCH), and EOS are also down by around 6%, 7%, and 10%, respectively.
Looking at the TRON price specifically, it is up by 0.5% against the US Dollar at the time of writing. The TRX/USD pair is currently trading at $0.02614.
TRON Price Analysis
Despite TRON’s modest gains, the overall market sentiment remains bearish. This is reflected by the fact that most major cryptocurrencies are down by significant percentages.
As mentioned earlier, TRON is up by 0.5% against the US Dollar at the time of writing. However, this is not enough to change the trend of the market as Bitcoin (BTC) and Ethereum (ETH) are still among the worst-performing assets.
Looking ahead, there are a number of indicators that suggest more losses are ahead for the crypto market. For example, the CME Group Inc.’s Bitcoin futures contract has lost over $4 billion in value since its launch. This indicates that there is a lot of bearish sentiment in the market and that investors are not confident in the future of crypto assets.
Overall, TRON seems to be benefiting from the overall bearish market conditions. However, it is still very early in the crypto market cycle and there is a risk that the market will continue to decline in the near future.
Monero Price Analysis: XMR/USD Remains Supportive Above $100
Monero price remained supportive above $100 against the US Dollar throughout the day. The price even broke the $100 resistance and traded as high as $101.07 before finding support at $98.92. There was a minor downside move below the $98.92 support, but the price recovered and traded back above $100.
Looking at the 4-hours chart, the price remains in a bullish trend. It started trading above the $100 support and later broke the $102 resistance level. There was also a close above the $105 resistance level, which could propel the price further higher. The next key resistance level is the $108 mark. If the price fails to break above $108, there could be a downside move towards the $105 support level.
On the other hand, if the price stays above $100, it could start a short-term correction towards the $96-97 range. However, support is still present at $98.92, so a break below this level could trigger a deeper decline towards the $95-96 range.
Overall, the Monero price remains supportive above $100 against the US Dollar. There is a possibility of a short-term correction towards the $96-97 range, but if the price stays above $100, it could start a new bullish trend.
