Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot’s (DOT) price has reached bearish exhaustion as it faces rejection at $29. The altcoin has rebounded above the previous low at $23.50. The downtrend is presumed to be over as price breaks above the 21-day moving average. The current uptrend […]
BNBUSD Price Analysis – December 24 The price may increase to $678 and $758 resistance levels provided the resistance level at $599 does not hold. In case the just mentioned level holds, BNB price may decrease towards the support levels at $540, $503, and $430. BNB/USD Market Key levels: Supply levels: $599, $678, $758 Demand […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BullishGold’s (XAUUSD) price is above the moving averages but faces rejection at $1,800. The market ought to rise as prices are above the moving averages. The bulls are yet to keep the price above the moving averages. Since July, […]
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Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin’s (DOGE) price has broken the 21-day line moving average as it struggles below the $0.20 High. The market is rising on the upside to retest the 50-day line moving averages. The cryptocurrency will resume an uptrend if price breaks above the […]
USD/CHF Significant LevelsResistance Levels: 0.9300, 0.9400, and 0.9500Support Levels: 0.9200, 0.9100 and 0.9000 USD/CHF Price Long-term Trend: RangingUSD/CHF is in a sideways trend but may resume uptrend. The currency pair has been fluctuating below level 0.9300 since July. The currency price has retested the resistance zone on December 21 and 22 but was repelled. The […]
As reported earlier, investor risk appetite took a bump since Monday after the markets got rattled by restriction measures by governments globally to curb the spread of the Omicron variant, and US Senator Joe Manchin dumped President Biden’s Build Back Better fiscal spending package. Commenting on the risk-on sentiment, analysts at Brown Brothers Harriman noted […]
President of El Salvador, Nayib Bukele, announced on Tuesday that the country had purchased more Bitcoin (BTC). Bukele noted that the purchase was intended to commemorate a meme occurrence around number 21. The President broke the news via a Twitter post, which began with: “El Salvador’s entire size is 21,000 km2. Coincidence? I don’t think […]
Uniswap Price Analysis – December 23 Uniswap price may increase to $18 and penetrate it up to $22 and $24 price levels provided the bulls maintain their momentum. In case the bears’ pressure increase to break down the support level of $14, the price may decrease to the support level at $12 and $6 levels […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 (UKX) has broken above the moving averages as it attempts to breach level 7400. The implication is that the index will rise to the upside. Since November 11, buyers have failed to keep the index price above level 7400. […]
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