Ethereum price started a downside correction below the $3,150 zone. ETH is now consolidating near $3,120 and might attempt a fresh increase. Ethereum started a short-term downside correction below the $3,150 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,040 zone. Ethereum Price Eyes Fresh Increase Ethereum price failed to start a fresh increase above the $3,250 zone and started a downside correction like Bitcoin. ETH declined below the $3,150 and $3,120 support levels. The bears even pushed the price below the $3,040 zone. It tested the $3,000 support zone. A low was formed at $3,016 and the price is now consolidating losses. It climbed above the 23.6% Fib retracement level of the downward move from the $3,340 swing high to the $3,016 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,120 level. There is also a short-term contracting triangle forming with resistance at $3,120 on the hourly chart of ETH/USD. The first major resistance is near the $3,180 level or the 50% Fib retracement level of the downward move from the $3,340 swing high to the $3,016 low. The main resistance is now forming near $3,220. A clear move above the $3,220 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $3,320 resistance, it could start another decline. Initial support on the downside is near the $3,060 level. The first major support sits near the $3,040 zone. A clear move below the $3,040 support might push the price toward $2,980. Any more losses might send the price toward the $2,920 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,040 Major Resistance Level – $3,120
Dennis Porter, CEO of Satoshi Action Fund, announced on social media that the firm has publicly released its…
The rise of Bitcoin-based meme coin DOG has sparked excitement in the crypto community, driven by recent futures listings and bullish market sentiment. Following a futures listing on Kraken, DOG’s
Ripple’s potential initial public offering (IPO) is gaining traction as SBI supports the move, highlighting XRP’s market growth and increased regulatory optimism. Japanese Giant SBI’s Vision for Ripple: IPO Strategy After SEC Resolution Talks about Ripple potentially launching an initial public offering (IPO) have gained traction. Responding to a social media post celebrating XRP’s rise
It follows a Kraken futures listing for DOG, which kicked off a major run over the weekend and fueled speculation for further listings.
Ripple’s XRP has recently surged back to the $1 mark, marking a significant milestone after a three-year hiatus and igniting discussions on its potential future trajectory. Despite the impressive turnaround,
Bitcoin price saw a short-term correction below the $90,000 zone. BTC is now again rising and the bulls could now aim for a move above $94,000. Bitcoin started a fresh increase from the $86,600 zone. The price is trading above $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $91,000 resistance zone. Bitcoin Price Aims Higher Bitcoin price started a short-term downside correction below the $90,000 level. BTC traded below the $88,000 level before the bulls appeared. A low was formed at $86,622 and the price is now recovering higher. There was a move above the $90,000 level. A high was formed at $91,839 and the price is now consolidating. It tested the 50% Fib retracement level of the upward move from the $86,621 swing low to the $91,839 high. Bitcoin price is now trading above $88,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $91,000 level. There is also a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $91,850 level. A clear move above the $91,850 resistance might send the price higher. The next key resistance could be $92,500. A close above the $92,500 resistance might initiate more gains. In the stated case, the price could rise and test the $93,450 resistance level. Any more gains might send the price toward the $95,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $91,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $89,250 level. The first major support is near the $87,850 level or the 76.4% Fib retracement level of the upward move from the $86,621 swing low to the $91,839 high. The next support is now near the $86,620 zone. Any more losses might send the price toward the $83,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $89,250, followed by $87,850. Major Resistance Levels – $91,000, and $92,500.
On November 18th, COINOTAG News reported significant activity in the cryptocurrency market as a dormant wallet containing 400 BTC, which was once worth $2,091 twelve years ago, was reactivated recently,
While the momentum is promising, patience and caution are needed as XRP works to solidify its place among top coins.
The post XRP Price Prediction For November 18 appeared first on Coinpedia Fintech News XRP has seen an impressive price surge over the past 1–2 weeks. One of the key drivers of this rally is the news surrounding Gary Gensler’s potential departure from the SEC, especially as some believe his exit could positively impact XRP’s ongoing legal battle. The change in SEC leadership could bring more favorable conditions for …