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Todays Sentiment

Bullish

 -  NEWSBTC
Dogecoin Price Skirts Potential Demand Zone, What Happens If It Hits Right? Dogecoin Price Skirts Potential Demand Zone, What Happens If It Hits Right?
After rallying above $0.3 at the start of September, the Dogecoin price has faced significant resistance since then, leading to an over 28% decrease in price. By Sunday, though, the Dogecoin price had begun to rebound, suggesting that there would be a rise in momentum, especially among buyers. This now puts the meme coin at a significant level, as there is the potential of the price bouncing off the current demand zone, but with bears still making a bid, the tug-of-war continues. What A Bounce From The Demand Zone Means Presently, the most critical support for the Dogecoin price lies at the $0.229 level, as outlined by crypto analyst Lingrid, which the cryptocurrency has managed to hold over the weekend. This support level serves as confirmation that the Dogecoin price could continue its uptrend much farther than it did back in early September. Related Reading: Dogecoin Is Sitting On A Powder Keg: Here’s The Explosion That Will Send Price To $1.3 The analyst also outlines a bullish formation on the chart, which is a completed triangle breakout pattern. The completion of the bullish pattern is what had led to the initial bullish impulse before the price began to correct downward again. Following the correction, the Dogecoin price was observed to be testing the lower boundary of the triangle trading range. However, with the price still holding above the critical support level, it could see a sustained break from here. The meme coin has already seen a recovery coming out of the weekend, suggesting that the $0.22 psychological level would hold completely through the uncertain market headwinds. Now, if the Dogecoin price is still able to hold this psychological level, then it could be the signal that crypto investors are buying heavily into the altcoin. In the case of heavy buying, it could provide the needed push from the current demand level above $0.21. A leg-up from here would push it toward $0.25, where the next major resistance level lies for the digital asset. This makes $0.22 a very important level as it is the target for the bears to break through. Related Reading: Bitcoin Fear & Greed Index Crashes To Lowest Level Since March – Why This Is Good News This is because if the bears are able to push the price back down toward $0.22 and cause it to fall further, then the next target lies low at $0.18810. This is the rebound level with demand, thus the price would have to get here before the can bounce again. The crypto analyst also explains that the current triangle pattern could fail its bullish impulse if the Dogecoin price fails to reclaim higher ground. Also, there is the possibility that the Bitcoin price could crash, taking the crypto market down with it and pushing the Dogecoin price toward further decline. Featured image from Dall.E, chart from TradingView.com

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 - NEWSBTC
Solana (SOL) Shows Signs Of Rebound – Will Bears Step In Again Soon? Solana started a fresh decline below the $225 zone. SOL price is now attempting to recover from $192 and faces hurdles near $215. SOL price started a fresh decline below $225 and $220 against the US Dollar. The price is now trading above $200 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $200 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another decline if it stays below $215 and $220. Solana Price Dips Again Solana price failed to stay above $220 and started a fresh decline, like Bitcoin and Ethereum. SOL traded below the $212 and $205 support levels to enter a bearish zone. The bears even pushed the price below $200 and the 100-hourly simple moving average. A low was formed at $191 and the price recently started a recovery wave above the 23.6% Fib retracement level of the downward move from the $242 swing high to the $191 low. Besides, there was a break above a key bearish trend line with resistance at $200 on the hourly chart of the SOL/USD pair. Solana is now trading above $200 and the 100-hourly simple moving average. If there are more gains, the price could face resistance near the $212 level. The next major resistance is near the $215 level or the 50% Fib retracement level of the downward move from the $242 swing high to the $191 low. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $230. Any more gains might send the price toward the $242 level. Another Decline In SOL? If SOL fails to rise above the $215 resistance, it could continue to move down. Initial support on the downside is near the $202 zone. The first major support is near the $200 level. A break below the $200 level might send the price toward the $192 support zone. If there is a close below the $192 support, the price could decline toward the $180 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $202 and $200. Major Resistance Levels – $215 and $220.
 - NEWSBTC
XRP Price Attempts Recovery – Can Market Push Higher Despite Strong Barriers? XRP price is attempting a recovery wave above the $2.820 zone. The price now faces a couple of key hurdles near $2.880 and $2.920. XRP price is slowly moving higher above the $2.80 support zone. The price is now trading above $2.80 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.80 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $2.920. XRP Price Dips Eyes Upside Break XRP price found support near $2.70 and recently started a recovery wave, like Bitcoin and Ethereum. The price was able to surpass the $2.780 and $2.80 resistance levels. There was a clear move above the 50% Fib retracement level of the downward wave from the $2.995 swing high to the $2.70 low. However, the price is now facing hurdles near $2.88. Besides, there is a connecting bullish trend line forming with support at $2.80 on the hourly chart of the XRP/USD pair. The price is now trading above $2.820 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.88 level or the 61.8% Fib retracement level of the downward wave from the $2.995 swing high to the $2.70 low. The first major resistance is near the $2.920 level. A clear move above the $2.920 resistance might send the price toward the $2.9880 resistance. Any more gains might send the price toward the $3.020 resistance. The next major hurdle for the bulls might be near $3.050. Another Decline? If XRP fails to clear the $2.880 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.820 level. The next major support is near the $2.80 level and the trend line. If there is a downside break and a close below the $2.80 level, the price might continue to decline toward $2.720. The next major support sits near the $2.70 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.80 and $2.720. Major Resistance Levels – $2.880 and $2.920.
 - Bitcoin.com
 - Cointelegraph
 - Cointelegraph
 - BITCOINIST
 - Cointelegraph
 - NEWSBTC
Solana (SOL) Shows Signs Of Rebound – Will Bears Step In Again Soon? Solana started a fresh decline below the $225 zone. SOL price is now attempting to recover from $192 and faces hurdles near $215. SOL price started a fresh decline below $225 and $220 against the US Dollar. The price is now trading above $200 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $200 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another decline if it stays below $215 and $220. Solana Price Dips Again Solana price failed to stay above $220 and started a fresh decline, like Bitcoin and Ethereum. SOL traded below the $212 and $205 support levels to enter a bearish zone. The bears even pushed the price below $200 and the 100-hourly simple moving average. A low was formed at $191 and the price recently started a recovery wave above the 23.6% Fib retracement level of the downward move from the $242 swing high to the $191 low. Besides, there was a break above a key bearish trend line with resistance at $200 on the hourly chart of the SOL/USD pair. Solana is now trading above $200 and the 100-hourly simple moving average. If there are more gains, the price could face resistance near the $212 level. The next major resistance is near the $215 level or the 50% Fib retracement level of the downward move from the $242 swing high to the $191 low. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $230. Any more gains might send the price toward the $242 level. Another Decline In SOL? If SOL fails to rise above the $215 resistance, it could continue to move down. Initial support on the downside is near the $202 zone. The first major support is near the $200 level. A break below the $200 level might send the price toward the $192 support zone. If there is a close below the $192 support, the price could decline toward the $180 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $202 and $200. Major Resistance Levels – $215 and $220.
 - Bitcoin.com
 - NEWSBTC
XRP Price Attempts Recovery – Can Market Push Higher Despite Strong Barriers? XRP price is attempting a recovery wave above the $2.820 zone. The price now faces a couple of key hurdles near $2.880 and $2.920. XRP price is slowly moving higher above the $2.80 support zone. The price is now trading above $2.80 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.80 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $2.920. XRP Price Dips Eyes Upside Break XRP price found support near $2.70 and recently started a recovery wave, like Bitcoin and Ethereum. The price was able to surpass the $2.780 and $2.80 resistance levels. There was a clear move above the 50% Fib retracement level of the downward wave from the $2.995 swing high to the $2.70 low. However, the price is now facing hurdles near $2.88. Besides, there is a connecting bullish trend line forming with support at $2.80 on the hourly chart of the XRP/USD pair. The price is now trading above $2.820 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.88 level or the 61.8% Fib retracement level of the downward wave from the $2.995 swing high to the $2.70 low. The first major resistance is near the $2.920 level. A clear move above the $2.920 resistance might send the price toward the $2.9880 resistance. Any more gains might send the price toward the $3.020 resistance. The next major hurdle for the bulls might be near $3.050. Another Decline? If XRP fails to clear the $2.880 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.820 level. The next major support is near the $2.80 level and the trend line. If there is a downside break and a close below the $2.80 level, the price might continue to decline toward $2.720. The next major support sits near the $2.70 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.80 and $2.720. Major Resistance Levels – $2.880 and $2.920.