Posts

Showing posts with the label support level

Bitcoin Price Prediction for Today, October 27: BTC/USD Fails to Break $21,000

Image
The Bitcoin price prediction slumps below the resistance level of $20,878. Further downside momentum may come to play, but $20,000 may likely come out as support. Bitcoin Prediction Statistics Data: Bitcoin price now – $20,590 Bitcoin market cap – $395.8 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $24,000, $25,000, $26,000 Support Levels: $18,000, $17,000, $16,000 BTC/USD range-bounds with the selling pressure seen around the $20,434 level which is stopping it from seeing any major gains. Meanwhile, traders are not surprised by the selling pressure as bears are trying to defend against a break above the upper boundary of the channel. However, until bulls keep the price above this barrier, the Bitcoin price may face a prolonged sideways movement or drop below the current market value. Bitcoi...

Sushiswap Price Prediction for Today, October 21: SUSHI Continuously Get Rejected at the $1.505 Price Level

Image
After SushiSwap took its basis at the $1.165 support on the 13th of October, it trended up for two days with a very strong upward push of the price. The way the market moved, it is easy to expect the market to continue the trend; raising the price upward and breaking many price levels. But at the $1.165 resistance level, the trend gets cut short several times as bulls kept making several attempts to cross this price level to no avail.   Sushiswap Market Price Statistic: SUSHI/USD price now: $1.304 SUSHI / USD market cap: $ SUSHI/USD circulating supply: SUSHI/USD total supply: 1,000,000,000 SUSHI/USD coin market ranking: # Key Levels Resistance: $1.322, $1.400, $1.586  Support: $1.160, $1.117, $1.058 Sushiswap Market Price Analysis: The Indicators’ Point of View On the 18th of October, the buyers of SushiSwap became more ambitious to break the resistance level . It had established a new support level that is higher than the one it had on the 13th of Octob...

Cardano Price Prediction for Today, October 10: ADA/USD Slumps as Price Drops Below $0.42

Image
According to the daily chart, the Cardano (ADA) price prediction remains below the moving averages as the coin trades below the $0.42 level. Cardano Prediction Statistics Data: Cardano price now – $0.41 Cardano market cap – $14.2 billion Cardano circulating supply – 34.2 billion Cardano total supply – 35 billion Cardano Coinmarketcap ranking – #8 ADA/USD Market Key Levels: Resistance levels: $0.50, $0.52, $0.54 Support levels: $0.35, $0.33, $0.31 Buy Cardano Now Your capital is at risk ADA/USD is likely to remain below the 9-day and 21-day moving averages as the coin heads to gain more downtrends. However, as the bears step back into the market, the Cardano price is seen losing momentum below the moving averages along with a potential price surge. Cardano Price Prediction: ADA/USD May Follow the Downtrend The Cardano price is moving bearishly as the bears take charge of the market. Meanwhile, a bullish cross above the 9-day and 21-day m...