Discover Top Posts Tagged with #heavy declines

Cardano Price Analysis: ADA/USD Could Test $0.060

Key Highlights

ADA price declined further and broke the $0.0700 support level against the US Dollar (tethered).

There is a major declining channel in place with resistance at $0.0700 on the hourly chart of the ADA/USD pair (data feed via Bittrex).

The pair is likely to break the $0.0620 support area and decline further in the near term.

Cardano price is moving lower against the US Dollar and…

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Bitcoin Price Watch: BTC/USD Could Rebound Above $6,500

Key Points

Bitcoin price found support near the $5,970-6,000 area and recovered nicely against the US Dollar.

There is a major contracting triangle forming with resistance near $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair must break the $6,480 and $6,570 resistance levels to gain upside momentum in the near term.

Bitcoin price is showing positive signs above…

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Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $550

Key Points

· Bitcoin cash price started consolidating losses after trading to the $540 low against the US Dollar.

· There is a key connecting bearish trend line formed with resistance at $580 on the hourly chart of the BCH/USD pair (data feed from Kraken).

· The pair might continue to struggle to break the $580 and $600 resistance levels in the near term.

Bitcoin cash…

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Bitcoin Cash Price Analysis: BCH/USD Could Recover To $740

Key Points

Bitcoin cash price found support near the $684 level and started a recovery against the US Dollar.

There was a break above a short-term bearish trend line with resistance at $705 on the hourly chart of the BCH/USD pair (data feed from Kraken).

The pair could continue to trade higher towards the next resistance at $740 in the near term.

Bitcoin cash price is slowly recovering above $700…

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#heavy declines