Aayush Jindal
XRP Price Eyes $0.60: Can It Pick Up the Pace?
XRP price started a recovery wave from the $0.5440 zone. The price is now eyeing more gains above the $0.5720 resistance zone in the near term. XRP price started a decent increase from the $0.5400 zone. The price is now trading above $0.5620 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.5560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could climb higher toward the $0.600 zone if it clears the $0.5720 resistance zone. XRP Price Starts Recovery XRP price extended losses like Bitcoin and Ethereum. The price even tested the $0.5440 zone before the bulls appeared. The price started a recovery wave and was able to climb above the $0.5550 resistance zone. Besides, there was a break above a connecting bearish trend line with resistance at $0.5560 on the hourly chart of the XRP/USD pair. There was a clear move above the $0.5650 resistance. Finally, it retested the $0.5720 resistance zone. A high was formed at $0.5718 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $0.5440 swing low to the $0.5718 high. The price is now trading above $0.5620 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.570 level. The first major resistance is near the $0.5720 level. The next key resistance could be $0.5850. A clear move above the $0.5850 resistance might send the price toward the $0.600 resistance. The next major resistance is near the $0.6060 level. Any more gains might send the price toward the $0.6150 resistance or even $0.620 in the near term. Another Decline? If XRP fails to clear the $0.5720 resistance zone, it could start another decline. Initial support on the downside is near the $0.562 level. The next major support is at $0.5580 or the 50% Fib retracement level of the upward move from the $0.5440 swing low to the $0.5718 high. If there is a downside break and a close below the $0.5580 level, the price might continue to decline toward the $0.5440 support in the near term. The next major support sits at $0.5320. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5580 and $0.5440. Major Resistance Levels – $0.5720 and $0.5850.
Polkadot Price Lags: Can DOT Establish a Base for Recovery?
Polkadot (DOT) is struggling below $5.00 against the US Dollar. The price must settle above the $4.35 and $4.50 resistance levels to start a decent increase. DOT declined steadily below the $5.50 and $5.00 levels against the US Dollar. The price is trading below the $5.00 zone and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $4.18 on the hourly chart of the DOT/USD pair (data source from Kraken). The pair could start a decent upward move if it settles above $4.35 and then $4.50. Polkadot Price Remains In The Red Zone In the past few weeks, DOT price saw a steady decline from well above $6.50. Bitcoin and Ethereum were stable, but Polkadot remained in the red zone. There was a close below the $5.00 level. Finally, the price tested the $4.00 zone. A low was formed at $4.03 and the price recently started a recovery wave. There was a move above the $4.10 and $4.15 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $4.65 swing high to the $4.03 low. There was also a break above a connecting bearish trend line with resistance at $4.18 on the hourly chart of the DOT/USD pair. DOT is now trading below the $4.50 zone and the 100 simple moving average (4 hours). Immediate resistance is near the $4.30 level. The next major resistance is near $4.35 or the 50% Fib retracement level of the downward move from the $4.65 swing high to the $4.03 low. A successful break above $4.35 could start another strong rally. In the stated case, the price could easily rally toward $4.50 in the near term. The next major resistance is seen near the $5.00 zone. Another Decline in DOT? If DOT price fails to start a fresh increase above $4.35, it could start another decline. The first key support is near the $4.15 level. The next major support is near the $4.10, below which the price might decline to $4.00. Any more losses may perhaps open the doors for a move toward the $3.85 support zone or $3.60. Technical Indicators Hourly MACD – The MACD for DOT/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOT/USD is now above the 50 level. Major Support Levels – $4.15 and $4.00. Major Resistance Levels – $4.35 and $4.50.
XRP Price Poised for Steady Rise: Can It Maintain Its Uptrend?
XRP price is consolidating gains above the $0.5850 level. The price could start a major increase if it clears the $0.6150 resistance zone. XRP price is eyeing a fresh increase from the $0.5850 level. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.600 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.6150 resistance zone. XRP Price Aims Higher XRP price formed a base above the $0.5850 level. The price started a steady increase above the $0.5880 and $0.5920 levels like Bitcoin and Ethereum. There is a bullish continuation pattern forming from the $0.5850 level. The price gained pace for a move above the 50% Fib retracement level of the downward move from the $0.6149 swing high to the $0.5853 low. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.600 on the hourly chart of the XRP/USD pair. If there is an upside continuation, the price could face hurdles near the $0.6050 level. The 61.8% Fib retracement level of the downward move from the $0.6149 swing high to the $0.5853 low is also near the $0.6050 level. The first major resistance is near the $0.6080 level. The next key resistance could be $0.6150. A clear move above the $0.6150 resistance might send the price toward the $0.6220 resistance. The next major resistance is near the $0.6350 level. Any more gains might send the price toward the $0.6550 resistance or even $0.6880 in the near term. Another Pullback? If XRP fails to clear the $0.6050 resistance zone, it could start a short-term pullback. Initial support on the downside is near the $0.600 level. The next major support is at $0.5880. If there is a downside break and a close below the $0.5880 level, the price might continue to decline toward the $0.5650 support in the near term. The next major support sits at $0.5550. 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 – $0.600 and $0.5850. Major Resistance Levels – $0.6050 and $0.6220.
Dogecoin Price (DOGE) Poised To Surge If This Support Holds
Dogecoin started a fresh increase above the $0.100 resistance against the US Dollar. DOGE is rising and might gain pace for a move above $0.1080. DOGE price is climbing higher from the $0.0980 support zone. The price is trading above the $0.1050 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support near $0.1050 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase above the $0.1080 resistance zone. Dogecoin Price Starts Fresh Increase In the past few sessions, Dogecoin price saw a decent increase from the $0.0950 zone like Bitcoin and Ethereum. The price was able to clear the $0.100 and $0.1020 resistance levels. The bulls even pushed it above $0.1050 and the 100-hourly simple moving average. A high was formed at $0.1079 before there was a pullback. The price declined below the $0.1060 level. The price even declined below the 50% Fib retracement level of the upward move from the $0.1020 swing low to the $0.1079 high. However, the bulls are active near the $0.1040 level. They protected the 61.8% Fib retracement level of the upward move from the $0.1020 swing low to the $0.1079 high. Besides, there is a key bullish trend line forming with support near $0.1050 on the hourly chart of the DOGE/USD pair. Dogecoin price is again rising and trading above the $0.1050 level. Immediate resistance on the upside is near the $0.1072 level. The next major resistance is near the $0.1080 level. A close above the $0.1080 resistance might send the price toward the $0.1120 resistance. Any more gains might send the price toward the $0.1200 level. The next major stop for the bulls might be $0.1350. More Downsides In DOGE? If DOGE’s price fails to climb above the $0.1080 level, it could start another downside correction. Initial support on the downside is near the $0.1055 level. The next major support is near the $0.1035 level. The main support sits at $0.1020. If there is a downside break below the $0.1020 support, the price could decline further. In the stated case, the price might decline toward the $0.0950 level or even $0.0920 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1035 and $0.1020. Major Resistance Levels – $0.1080 and $0.1120.
Ethereum Price Ready to Climb if It Overcomes Key Resistance
Ethereum price is consolidating above the $2,550 resistance. ETH could gain bullish momentum if it clears the $2,650 resistance zone. Ethereum is struggling to gain pace for a move above the $2,650 level. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $2,650. Ethereum Price Starts Consolidation Ethereum price remained stable above the $2,550 level. ETH formed a base and started a steady upward move above the $2,580 level like Bitcoin. There was a move toward the $2,665 level. A high was formed at $2,662 and the price is consolidating. There was a minor pullback below the $2,600 level. The price declined below the 50% Fib retracement level of the upward move from the $2,536 swing low to the $2,662 high. Ethereum price is now trading above $2,620 and the 100-hourly Simple Moving Average. If there is another increase, the price might face hurdles near the $2,650 level. There is also a short-term contracting triangle forming with resistance at $2,640 on the hourly chart of ETH/USD. The first major resistance is near the $2,720 level. A close above the $2,720 level might send Ether toward the $2,750 resistance. The next key resistance is near $2,880. An upside break above the $2,880 resistance might send the price higher toward the $3,000 resistance zone in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near $2,600. The first major support sits near the $2,580 zone. The 61.8% Fib retracement level of the upward move from the $2,536 swing low to the $2,662 high is also near the $2,580 level. A clear move below the $2,580 support might push the price toward $2,550 where the bulls could emerge. Any more losses might send the price toward the $2,500 support level in the near term. The next key support sits at $2,440. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,580 Major Resistance Level – $2,650