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Technical Analysis
Technical analysis is a widely used methodology in the world of cryptocurrencies, encompassing the evaluation of various factors to predict price movements and make informed investment decisions. It involves analyzing historical price data, trading volume, and market trends to identify patterns and trends that may repeat in the future. By utilizing statistical tools and chart patterns, technical analysis aims to provide insights into potential price direction and timing. For individuals involved in the crypto space, technical analysis serves as a valuable tool to understand market sentiment and make informed trading decisions. Companies and protocols within the blockchain networks also employ technical analysis to assess market conditions and optimize their strategies. Moreover, crypto exchanges utilize technical analysis to provide users with comprehensive trading tools and indicators, enabling them to make data-driven decisions.
XRP Bulls Need to Defend Near $2 Support After the Largest Price Drop Since November 2022. Here's Why.
A move below the said support would trigger a major bearish reversal pattern, the price chart shows.
Ether's 20% Plunge Signals End of 3-Year Bull Run
Ether's price now trades below a trendline that starts from the low registered after the crash of Terra in 2022.
Bitcoin Could Swing Back to $95K Amid Signs of BTC Bear Exhaustion
Signs of seller exhaustion at the 200-day SMA suggests scope for a price bounce.
Bitcoin Price Support Near $82K Under Threat as Nasdaq Triggers 'Double Top'
The technical outlook has worsened for both BTC and Nasdaq.
Bitcoin's Price Sell-Off Puts Focus on November's 'Runaway Gap' Below $80K in CME Futures
"Historically, CME gaps are filled eventually," one analyst said.
XRP Keeps Rally Hope Alive as Price Holds 38.2% Fibonacci Level, DOGE Uptrend Ends
Fibonacci retracement levels serve as potential areas from which prices resume the primary trend.
Bitcoin Indicator That Signaled $70K Breakout Turns Bearish as Trump's Trade War Rhetoric Grows
The renewed bearish signal on the key indicator is not an immediate threat to BTC, but Trump's tariff rhetoric could shake up the market.
Ether May Be Ready for a Bull Run as Price Action Mirrors August Bottom
Ether's price action mirrors the August bottom amid signs of strong dip demand for the second-largest cryptocurrency.
XRP Teases 2017-Like Bull Pattern Against Bitcoin: Godbole
The XRP/BTC ratio is looking to move out of the volatility bands, signaling a bullish imbalance in the market.
DOGE Drops Below Uptrend Line, Signaling Possible End to Five-Month Rally
DOGE's price has lost key support levels this week, weakening the bullish case.
