Cryptocurrencies Reviews - Page 2

XRP has been oscillating inside a large range between $0.56 and $0.30 for the past several months. Generally, in such a well-defined range, traders buy at the support and sell close to the overhead resistance. The XRP/USDT pair turned down from the overhead resistance on June 4, indicating profit-booking by the bulls and short positions by the aggressive bears. If the price turns up from the 20-day EMA ($0.49), it will suggest that the sentiment has turned positive and traders are buying on dips. The bulls will then make one more attempt to clear the overhead hurdle. Alternatively, if the price dips below the moving averages, it will suggest that the pair may remain stuck inside the range for a while longer.

The long wick on Cardano’s June 4 candlestick shows that the bears successfully halted the relief rally at the 50-day SMA ($0.38). The ADA/USDT pair turned down sharply on June 5 and plummeted below the uptrend line of the ascending channel pattern. This move invalidated the bullish setup, and the pair may next descend toward the critical support at $0.30. If bulls want to prevent the downward move, they will have to quickly push the price back into the channel. Such a move will suggest that the pair has rejected the lower levels. The upside momentum could pick up on a break above $0.39.

Bitcoin reached the 20-day exponential moving average (EMA) of $27,278 on May 23, but the bulls could not pierce this resistance. The failure to do that attracted aggressive selling by the bears on May 24. The bears are trying to sustain the price below the immediate support at $26,631. If they are successful, the BTC/USDT pair could plummet to the vital support at $25,250. This level may again witness a tough battle between the bulls and the bears. If the bears come out on top, the selling could intensify, and the pair may collapse to the psychologically important level of $20,000. The 20-day EMA remains the key resistance for the bulls to conquer if they want to start a sustained recovery. A short-term trend change is likely to be signaled after the bulls kick the price above the resistance line.

Ether surged above the 20-day EMA ($1,830) on May 23, but the bulls could not continue the up move on May 24. The bears pulled the price back below the 20-day EMA on May 24. This suggests that the ETH/USDT pair may continue to trade inside the falling wedge pattern for a few more days. A break below the wedge will indicate the start of a deeper correction. The first support on the downside is $1,600, but if this level fails to hold, the pair may slump to $1,352. Conversely, if the price turns up and breaks above the wedge, it will signal the start of a new up move. The pair could first rise to $2,000 and thereafter to $2,200.

BNB reached the 20-day EMA ($313) on May 23, but the bulls could not overcome this obstacle. That may have attracted selling from the aggressive bears on May 24. Sellers will try to build upon their dominance by pulling the price below the psychological support at $300. The next level to watch on the downside is the support line of the descending channel pattern. If this level crumbles, the BNB/USDT pair may nosedive to $280. Alternatively, if the price turns up from the current level or rebounds off the support line, it will suggest buying at lower levels. The bulls will then try to kick the price above the 20-day EMA and challenge the resistance line.

The extended crypto winter has pushed crypto event organizers to tone down on the lavishness, allowing attendees to focus on asking more “intelligent questions” about regulation and tax. Crypto conferences attract all sorts from the crypto space, from founders and high-level executives to crypto influencers and everyday users. Tiffany Fong, a crypto vlogger who gained fame interviewing former FTX CEO Sam Bankman-Fried following the collapse of the exchange, is attending crypto conferences for the first time this year. Speaking to Cointelegraph, Fong — who attended both Bitcoin Miami 2023 and NFT NYC 2023 — said she “can’t speak to how conferences used to be in the bull markets,” but has been told by other attendees that it is lighter on the entertainment side this year.

The bulls pushed Ether above the resistance line of the symmetrical triangle pattern on May 5. This shows that the bulls absorbed the supply and have come out on top. If buyers sustain the price above the triangle, the ETH/USDT pair could first rise to $2,000 and then attempt a rally to $2,200. The bears may aggressively defend this level because if they fail to do that, the pair may skyrocket toward $3,000. Contrary to this assumption, if the price turns down from the current level and re-enters the triangle, it will suggest that the breakout may have been a bull trap. The pair may then once again drop to the support line. A break below this level may sink the pair to the target objective of $1,619.

BNB is witnessing a tough battle between the bulls and the bears near the support line of the symmetrical triangle pattern. The flattish 20-day exponential moving average (EMA) at $326 and the relative strength index (RSI) near the midpoint do not give a clear advantage either to the bulls or the bears. If the price breaks above the 20-day EMA, the BNB/USDT pair may continue to oscillate inside the triangle for some more time. A break below the triangle will indicate that bears have seized control. That is likely to start a downward move to $300 and then to the pattern target of $280. If bulls want to gain the upper hand, they will have to propel the price above the triangle. That will clear the path for a possible rally to $350 and then $400.

Cardano dipped below the 50-day simple moving average (SMA) of $0.38 on May 3 and 5, but the long tail on the candlestick shows that the bulls are aggressively defending the support near $0.37. Buyers tried to push the price above the 20-day EMA ($0.39) on May 4, but the bears did not budge. The downsloping 20-day EMA and the RSI just below the midpoint suggest a minor advantage to the bears. If the price turns down and crumbles below $0.37, the selling could intensify and the ADA/USDT pair may descend to $0.33 and then $0.30. If bulls want to prevent this decline, they will have to quickly propel the price above the neckline of the inverse head-and-shoulders pattern. That could increase the chances of a rally to $0.46 and later $0.52.

Bitcoin turned down from $31,000 on April 14, indicating profit-booking by the bulls. The bears will try to take advantage of the situation and tug the price to the 20-day EMA ($28,937). If the price rebounds off the 20-day EMA, it will suggest that the sentiment remains positive and traders are viewing the dips as a buying opportunity. The bulls will then make another attempt to propel the price to the stiff overhead resistance at $32,400. This remains the key level to watch for because a break and close above it may open the doors for a potential rally to $40,000. This positive view will invalidate in the near term if the price plummets below the 20-day EMA. That may embolden the bears, who will then try to sink the BTC/USDT pair to $27,800 and later to $26,500.

Ether is in an uptrend, but it is facing resistance near the critical overhead level of $2,200. This suggests that some short-term traders may be booking profits after the strong rally in the past few days. The ETH/USDT pair may dip down to the psychological support at $2,000 and then to the 20-day EMA ($1,930). In an uptrend, buyers generally try to defend the 20-day EMA during pullbacks. In this case, if the price turns up from the 20-day EMA, it will suggest that lower levels are attracting buyers. That could enhance the prospects of a break above $2,200. If this level gives way, the pair may surge to $3,000. Contrarily, if the price slumps below the 20-day EMA, it will indicate that the bulls are rushing to the exit. The pair may then descend to $1,680 and thereafter to the 200-day SMA ($1,482).

XRP dipped below the 38.2% Fibonacci retracement level of $0.49 on April 3, but the long tail on the candlestick shows solid buying at lower levels. The price turned up on April 4 and the bulls tried to push the price toward the overhead resistance at $0.56, but the long wick on the April 5 candlestick shows that sellers are offering a formidable challenge to the bulls near $0.53. If the price continues lower, the bears will again try to sink the price below the 20-day EMA ($0.47). If this level gives way, the XRP/USDT pair may slide to $0.43. On the other hand, if buyers thrust the price above the $0.56-to-$0.58 overhead zone, the pair may surge to $0.65 and then to $0.80.

BNB’s fall below the $306 support was aggressively purchased by the bulls, as seen from the long tail on the April 3 candlestick. The bulls are trying to strengthen their position further by pushing the price above the overhead resistance of $318. If they manage to do that, it will suggest that the corrective phase may be over. The BNB/USDT pair could first rise to $330 and, subsequently, to the strong resistance at $338. On the contrary, if the price fails to clear the obstacle at $318, it will suggest that the bears are using every minor rally to sell. That may pull the pair down to the 200-day SMA ($291) which is likely to act as a strong support.

Ether rebounded off the 20-day EMA ($1,778) on April 3 and broke above the overhead resistance at $1,857. This suggests the start of the next leg of the up-move. The path is clear for a potential rally to $2,000. This level is likely to act as a strong resistance, but if bulls flip the $1,857 level into support during the next decline, it will suggest that buyers are in command. The ETH/USDT pair could then attempt a rally to $2,200. Time is running out for the bears. If they want to make a comeback, they will have to halt the rally and pull the price below $1,857. If they manage to do that, the aggressive bulls may get trapped. The pair could first drop to the 20-day EMA and subsequently to $1,680.

The bulls again tried to drive Bitcoin above $29,000 on April 5, but the long wick on the candlestick shows aggressive selling by the bears at higher levels. The bears will try to build upon their advantage by pulling the price below the 20-day exponential moving average ($27,273), which is an important level to watch out for. If this support cracks, several short-term bulls may exit their positions. That could open the gates for a retest of the neckline of the inverse head and shoulders (H&S) pattern at $25,250. Conversely, if the price rebounds off the 20-day EMA, it will suggest that bulls continue to defend this level with all their might. That may enhance the prospects of a break above the overhead resistance at $29,185. If that were to occur, the BTC/USDT pair may climb to $30,000 and later to $32,500.

The long wick on XRP’s March 29 candlestick shows that the bears are aggressively defending the resistance at $0.56. The XRP/USDT pair formed an inside-day candlestick pattern on March 30, indicating uncertainty among the bulls and the bears. If the price slips below $0.52, the pair may retest the breakout level of $0.49. This is an important level to watch because a break below it could extend the correction to the 20-day EMA ($0.45). Another possibility is that the price rises from the current level and breaks above the $0.56 to $0.59 resistance zone. If that happens, the pair may skyrocket to $0.65 and $0.80.

After hesitating for two days, the bulls have pushed Cardano above the minor resistance at $0.39. The price has reached the vital resistance at the neckline of the inverse head and shoulders (H&S) pattern. The rising 20-day EMA ($0.36) and the RSI in the positive territory indicate that the path of least resistance is to the upside. If buyers thrust the price above the neckline, it will complete the reversal setup. The ADA/USDT pair could then surge toward the pattern target of $0.60. On the other hand, if the price turns down from the neckline, the bears will try to sink the pair to the moving averages. This is a critical level to watch because a slide below it could open the gates for a possible fall to $0.30.

The bulls propelled Bitcoin above $29,000 on March 30, but the long wick on the candlestick shows that the bears have not yet given up and are selling on rallies. When a level proves too difficult to cross, usually, the price retraces back before making the next attempt. In this case, if the price again fails to cross $29,000, the BTC/USDT pair may pull back to the 20-day exponential moving average ($26,707). A strong bounce off this level will suggest that the sentiment remains positive and traders are buying on dips. That will increase the possibility of a break above $29,185. If buyers succeed in their endeavor, the pair may soar to the $30,000–$32,500 resistance zone. The first sign of weakness will be a fall below the 20-day EMA. Such a move will suggest that the bulls may be booking profits. That may result in a rest of the breakout level of $25,250. Below this level, the pair could slide to the 200-day simple moving average ($20,342).

Dogecoin has traded near the 20-day EMA ($0.07) for the past few days, indicating indecision among the bulls and the bears. The flat 20-day EMA and the RSI near the midpoint do not give an advantage either to the bulls or the bears. This uncertainty will clear if the price breaks above the 200-day SMA or plummets below $0.07. If the price rises above the 200-day SMA, the DOGE/USDT pair could pick up momentum and rally toward the $0.10 to $0.11 resistance zone. The bears are likely to defend this zone with vigor. On the downside, a break below $0.07 could result in a retest of the support near $0.06.

Ether faces resistance near $1,857, indicating that bears are trying to protect this level with all their might. A positive sign in favor of the bulls is that they have not ceded ground to the bears. The rising 20-day EMA ($1,736) and the relative strength index (RSI) in positive territory enhance the prospects of a break above $1,857. If that happens, the ETH/USDT pair may resume its up-move and reach the overhead resistance zone between $2,000 and $2,200. Contrary to this assumption, if the price trips below the 20-day EMA, it will suggest that the bulls have given up. That could pull the price to the strong support at $1,680. A break below this level could indicate that bears have seized control. The pair may then descend to $1,600 and, after that, to $1,461.

* Crypto Rating accepts no liability for content of the comments or reviews made by the site users. The entire responsibility for the contents rests with the authors.

Top Cryptocurrencies with Price Predictions

#	Crypto	Prediction	Accuracy	CVIX	Price	24h	7d	Market Cap	7d price change
1	BTC	Bitcoin predictions	88.8%	14	$96 165.73	-2.49%	-5.81%	$1 904 030 966 938
2	ETH	Ethereum predictions	71.6%	53	$3 329.79	-5.60%	-14.43%	$401 091 450 414
3	USDT	Tether predictions	92.8%	1	$0.999292	-0.02%	-0.04%	$139 773 784 270
4	XRP	XRP predictions	56.8%	88	$2.21	-5.72%	-9.26%	$126 516 621 291
5	BNB	Binance Coin predictions	74%	46	$655.58	-5.18%	-8.22%	$94 408 159 878
6	SOL	Solana predictions	77.6%	43	$180.50	-9.21%	-18.00%	$86 521 262 409
7	DOGE	Dogecoin predictions	76.4%	43	$0.310765	-8.65%	-22.11%	$45 776 297 699
8	USDC	USD Coin predictions	96%	1	$0.999988	-0.01%	0%	$42 930 089 183
9	ADA	Cardano predictions	72.8%	58	$0.887834	-8.60%	-17.20%	$31 186 201 206
10	TRX	TRON predictions	60.8%	81	$0.243835	-3.18%	-13.29%	$21 022 993 307
11	AVAX	Avalanche predictions	64%	69	$37.11	-10.38%	-25.21%	$15 207 511 938
12	LINK	Chainlink predictions	63.6%	77	$22.00	-8.95%	-25.33%	$14 041 107 929
13	TON	Toncoin predictions	72.8%	54	$5.29	-5.56%	-15.24%	$13 493 670 160
14	SHIB	SHIBA INU predictions	70%	58	$0.000021	-9.09%	-22.33%	$12 582 319 198
15	XLM	Stellar predictions	63.6%	76	$0.350270	-9.12%	-17.34%	$10 587 941 403