Cardano Price Prediction: ADA Defends $0.36–$0.38 Support as Rounded Base Structure Signals a Potential Move Towards $0.45–$0.60 Brave New Coin
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Dogecoin Price Completes Rare Rounded Bottom Formation, Bulls Charge For 300% Upshoot To $0.5 | Bitcoinist.com Bitcoinist.com
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Dogecoin Price Completes Bullish Rounded Bottom, Moves Into Range For This Breakout | Bitcoinist.com Bitcoinist.com
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Despite breaking above $3 earlier this year, the XRP price has since gone on to disappoint investors with multiple crashes that have rocked the altcoin. This has seen the cryptocurrency lose almost 50% of its acquired value between late 2024 and early 2025. Nevertheless, this has failed to erode bullish sentiment, with predictions for higher prices dominating the community.
Time To Go Long On The XRP Price?
A crypto analyst on X (formerly Twitter) has renewed bullish hope after identifying an important formation on the XRP price chart. The analysis pointed out that the XRP Price is still moving within a descending channel, a formation that usually signals a bearish move.
However, the downtrend has pushed the altcoin’s price to the point where it is now testing the bottom trend line. This bottom trend line has been known to act as strong support previously and is expected to do so this time around.
With the support forming, it is likely that the XRP Price is gearing up for a bounce from this level. Furthermore, the crypto analyst points out that XRP is also forming a rounded bottom inside this descending channel. Such a rounded bottom could signal an end to the downtrend from here.
As the formation grows, the main level of support is now sitting at $1.6. So far, this level has held up quite nicely and bulls have been using it as a bounce-off point for recovery. Given this, the crypto analyst advises that entries for the XRP price are best at around $1.70 to $1.85.
This is not the only good news for the XRP price with support forming. If it holds and the altcoin does indeed bounce from this level toward $2, then the next important levels lie between $2 and $2.2. These serve as the levels for the bulls to beat to confirm a bullish continuation toward a possible all-time high.
If the bulls are successful, then three profit targets are placed by the crypto analyst. These include $2.3385, $2.8160, and $3.3062, pushing it toward January 2025 highs.
The Bearish Case
While the analysis is inherently bullish, there is still the possibility of invalidation that could send the XRP price tumbling further. As the analyst points out, the major support currently lies at $1.6. This means that bulls must hold this level. Otherwise, there is the risk of a much deeper correction as a liquidity sweep could send support further down to $1.3.
Nevertheless, with buy sentiments building once again, it is likely that XRP will follow the bullish scenario in this case.
Chart from TradingView.com
]]>Dogecoin (DOGE) Breakout Set After Rounded Bottom Pattern Forms, Can It Follow Remittix’s 300% Rally? CryptoDaily
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- BNB’s price continues its bullish structure after a reclaim of this region as the price stays on track to reject major resistance.
- BNB trades above key support as price reclaim 8 and 20-day EMA.
- The price of BNB aims to form a rounded bottom on the daily timeframe.
Binance Coin (BNB) has continued to look more decent in terms of price action against tether (USDT) after reclaiming a bullish structure. Binance Coin (BNB) has had a favorable response as the prices of altcoins and the crypto market look to bounce from their key support areas, with BNB price looking more stable for a retest of key resistance at $337. (Data from Binance)
Binance Coin (BNB) Price Analysis On The Weekly Chart.
Despite struggling to hold its key support at $270 with the market filled with so much uncertainty about where it is headed, the price of BNB showed great strength in that region.
It is no doubt the price of BNB continues to show great signs of recovery and has surpassed the return on investment (ROI) for major cryptocurrencies despite having a massive drop from a region of $660 in recent months.
The price of BNB rallied in recent weeks to a region of $340 but was faced with rejection as the price dropped from the bullish structure it had formed. The month ended with a new belief for recovery, and BNB has spearheaded this as the price moved from $270 to a region of $298 as the price prepares for major resistance.
BNB’s price needs to break and hold above $350 for the price to resume more bullish scenarios to a region of $400-$450. If BNB gets rejected from $340, we could have a retest of $300-$290 support to hold the price from sell-off.
Weekly resistance for the price of BNB – $340.
Weekly support for the price of BNB – $290-$270.
Price Analysis Of BNB On The Daily (1D) Chart
On the daily timeframe, the price of BNB continues to look strong as the price aims to complete its bullish pattern of rounded bottom on the daily timeframe. If BNB completes this structure with a breakout, we could see the price rallying to $400 and even more.
The price of BNB currently trades at $295 above the 8 and 20-day Exponential Moving Average (EMA). The prices of $290 and $280 correspond to the prices at 8 and 20-day EMA for BNB on the daily timeframe.
Daily resistance for the BNB price – $340.
Daily support for the BNB price – $290-$270.
Onchain Analysis Of BNB
The price of BNB from the on-chain analysis looks more decent despite the market sentiment still being bearish. BNB produced a reasonable one-month return on investment (ROI) of 12% compared to other crypto assets that have struggled for the past months.
Featured Image From Zipmex, Charts From Tradingview and Messari
- NEAR price continues to struggle on both low and high timeframe despite showing signs of recovery in recent times.
- NEAR price trades in a range as the price looks set for a retest of key support areas.
- The price of NEAR fails to break above resistance despite forming rounded bottom on the daily timeframe.
Near Protocol (NEAR) has struggled with the less bullish scenarios as many traders and investors are beginning to get fed up with the price action as the price fails to have a relief bounce against tether (USDT). Near Protocol has shown little or no glimpse of relief bounce as the price aims for a retest of its support region at $3. With the current market looking more promising ahead of more relief bounces from altcoins, there are doubts about Near Protocol as the price isn’t as promising as others. (Data from Binance)
Near Protocol (NEAR) Price Analysis On The Weekly Chart
Most crypto projects have found relief in the new month, with altcoins such as BTC, ETH, and even XRP continuing to show strength after weeks of downtrend movement.
The price of NEAR is not looking promising as it continues to move in its downtrend range despite attempting to break $6 and trend above this resistance.
Following a rejection from $6, the price retested its $3.5 support area. Since then, the price has struggled to recover and trend above this support level, with many traders and investors concerned about their NEAR positions.
The weekly price for NEAR closed bearish ahead of a new week, with the price opening with a range price movement, creating mixed feelings as regards the recovery of NEAR. For NEAR price to resume its bullish trend, the price needs to break and close above $6.
Weekly resistance for the price of NEAR – $6.
Weekly support for the price of NEAR – $3.5.
Price Analysis Of NEAR On The Daily (1D) Chart
On the daily timeframe, the crypto market cap price remains bullish, holding support at $850 billion ($850B); this has aided most altcoins, but not NEAR, which remains in a range-bound price movement with little price movement.
The current price of NEAR is $3.68, as the price remains below the 8 and 20-day Exponential Moving Averages (EMA), unable to break above this region. The price of $3.75 corresponds to the 8 and 20-day EMA values acting as support.
A break above this resistance region could signal a little relief for the NEAR price that has maintained a downtrend for a long.
Daily resistance for the price of NEAR – $6.
Daily support for the price of NEAR – $3.6.
Featured Image From zipmex, Charts From Tradingview
- UNI price creates more bullish sentiment as price forms rounded bottom below key resistance as price aims to break above.
- UNI closes the week with two bullish candlesticks.
- The price of UNI breaks and holds above 8 and 20 EMA.
Uniswap token (UNI) has had a rough start to the year and has failed to hold key support as the price of Uniswap token (UNI) had a spiral from a high of $45 to the current price of $6.5 as price aims to break out from its long downtrend movement. The price of UNI has struggled to keep up with Bitcoin’s (BTC) range movement as this has affected most altcoins, including the price of UNI. (Data from Binance)
Uniswap Token (UNI) Price Analysis On The Weekly Chart
The cryptocurrency market hasn’t had the best price movement in recent times, but that doesn’t mean that some crypto assets haven’t shown great strength in bouncing from their lows and breaking out of their downtrends to establish bullish momentum.
Despite showing less price movement in recent weeks, the price of UNI has continued to trade below the key resistance level of $6.6, preventing a rally to new highs.
UNI’s price fell from a high of $45 to a low of $3.5 as it bounced off that region, quickly rallying off to a high of $8, but the price was rejected as it continues to struggle to break out of its price range.
The price of UNI ended the week looking more bullish as bulls pushed the price to break the resistance at $6.7, setting up a more bullish price movement for the price of UNI ahead of the new week.
The price of UNI must break and hold above $6.7 in order to rally to a higher region with more bullish sentiments; if the price of UNI is rejected from this region, we may see the price retest a $5 region acting as good support zones.
Weekly resistance for the price of UNI – $6.7.
Weekly support for the price of UNI – $5.
Price Analysis Of UNI On The Daily (1D) Chart
The price of BEL on the daily timeframe continues to look bullish as the price forms a rounded bottom as the price breaks out of the neckline resistance.
The price of UNI trades at $6.7 as the price attempts to break above the 50 and 200 Exponential Moving Average (EMA). The price at $6.3 corresponds to the price at 50 and 200 EMA for UNI on the daily timeframe.
The Relative Strength Index for UNI on the daily timeframe is above 45, suggesting less buy volume.
Daily resistance for the UNI price – $6.7.
Daily support for the UNI price – $5.
Featured Image From themarketperiodical, Charts From Tradingview