Ethereum Price (ETH) Correcting Losses: $225 Presents Key Resistance

ETH price traded to a new monthly low near $190 and later corrected lower against the US Dollar. The price corrected above the $200 resistance level, but upsides could face hurdles near $220 and $225. There is a crucial bearish trend line forming with resistance near $218 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to gain momentum above the $218, $220 and $225 resistance levels. Ethereum price is currently correcting losses above $200 versus the US Dollar, similar to bitcoin. ETH price might…

Bitcoin Price (BTC) Remains Vulnerable, Risk of More Losses

Bitcoin price tested the $11,000 support level and recently recovered higher against the US Dollar. The price recovered close to the $11,900, but upsides remain capped below $12,000. There is an ascending channel forming with support near $11,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could start a strong decline if there is break below $11,500 and $11,400 in the near term. Bitcoin price is facing an uphill task with many hurdles near $12,000 against the US Dollar. BTC remains vulnerable as long…

Ethereum Price Consolidating Losses: ETH & BTC Could Correct Higher

ETH price declined heavily below the key $300 support area against the US Dollar. The price traded close to the $260 support level and it is currently consolidating losses. There is a short term bearish trend line forming with resistance near $274 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher in the near term, but it is likely to struggle near the $282 and $285 resistances. Ethereum price started consolidating losses after a sharp dip versus the US Dollar and bitcoin. ETH price…

Bitcoin Sentiment in Venezuela Negative, BTC Post Double Digit Losses

Bitcoin (BTC) down 10.7 percent Venezuelans lambast Bitcoin Struggling against rampant sellers, Bitcoin is in a downtrend. In the last day, the coin is down 10.7 percent in 24 hours, but with criticism from Venezuela and Latin America, BTC could print lower in days ahead. Bitcoin Price Analysis Fundamentals Social media activity is a metric that gauges impact of a product through buzz and sentiment. Analysis can reveal some interesting facts about especially in digital assets like Bitcoin where hype plays a part. In other case, it reveals what people…

Ripple Price (XRP) Down 10%: Primed For More Losses

Ripple price started a major decline after it failed to stay above the $0.4000 support against the US dollar. The price declined heavily and broke the $0.3850 and $0.3750 support levels. There is a new connecting bearish trend line forming with resistance near $0.3850 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is currently consolidating and remains at a risk of more losses below $0.3500. Ripple price declined sharply below $0.3750 against the US Dollar and down around 10% similar to bitcoin. XRP price…

Bitcoin Trimming Gains While Ripple Price (XRP) Extending Losses

Ripple price failed to hold the key $0.4500 support and declined heavily against the US dollar. The price even broke the key $0.4220 support level and it is now trading below $0.4150. There is a short term contracting triangle forming with resistance near $0.4120 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum price also declined heavily and it even broke the key $300 support area. Ripple price is facing a strong selling interest against the US Dollar, while bitcoin is trimming gains. XRP price could…

Tron (TRX) Bulls Snap Back to Trend, Rewind Earlier Losses

TRX up 22.3 percent from last week’s close US SEC flexibility will spur innovation and Tron set to benefit Overly, US SEC decision to support innovation could end up benefiting TRX. At the moment, bulls are back, wiping losses and confirming buyers of late May. Tron Price Analysis Fundamentals Justin Sun is known for his aggressive marketing. However, considering that he is behind one of the most liquid coins in TRX that supporters claim is a utility; his approach is fodder for critics. On one end, the SEC may be…

Ripple (XRP) Price Crashes Below Key Support: More Losses Possible

Ripple price traded to a new monthly high at $0.4777 and recently declined sharply against the US dollar. The price broke the key $0.4570 and $0.4400 support levels to enter a bearish zone. This week’s crucial ascending channel was breached with support at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded as low as $0.3999 and it remains at a risk of more losses in the near term. Ripple price declined sharply against the US Dollar, similar to bitcoin. XRP broke the…

Bitcoin Dips Below $8K Again as Top Altcoins See Mild Losses

Sunday, May 26 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $8,000 mark again. Market visualization courtesy of Coin360 Bitcoin is down less than one percent on the day, trading at $7,990 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin has seen almost no net change, up about a fraction of a percent. Bitcoin 7-day price chart. Source: CoinMarketCap Ether (ETH) is holding onto its position as the largest altcoin by…

Ripple (XRP) Price At Risk Of More Losses Below $0.3600

Ripple price declined recently below the $0.3840 and $0.3750 support levels against the US dollar. The price tested the $0.3610 support area and it is currently correcting higher towards $0.3840. There is a key bearish trend line forming with resistance near the $0.3840 level on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could resume its decline if it continues to struggle near $0.3840 and $0.3875. Ripple price is currently under pressure against the US Dollar and bitcoin. XRP remains at a risk of more…