Bitcoin (BTC) Price Smashes Resistance: Primed For More Gains

Bitcoin price broke to the upside and cleared the $7,950 and $8,000 barriers against the US Dollar. The price even broke the $8,200 resistance area and it is currently correcting lower. There is another major breakout pattern forming with resistance near $8,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently trading with a positive bias above the $8,100 and $8,000 support levels. Bitcoin price started a strong rise after it broke the $8,000 barrier against the US Dollar. BTC is back in…

Ripple (XRP) Price Face Resistance: Can Bulls Overcome 100 SMA?

Ripple price started a short term recovery from the $0.3686 swing low against the US dollar. The price traded above the $0.4000 level, but it failed to surpass the $0.4050 resistance. There is a key contracting triangle forming with resistance near $0.3960 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either break the $0.4050 resistance or decline again below the $0.3800 level. Ripple price is currently consolidating in a range against the US Dollar, similar to bitcoin. XRP must break the $0.4000 and…

Bitcoin (BTC) Price Turns Bearish: Bulls Could Face Resistance Near $7,800

Bitcoin price remained in a bearish zone and recently declined below $7,600 against the US Dollar. The price retested the $7,500 support area and it is currently consolidating losses. There is a key bearish trend line forming with resistance near $7,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bulls are likely to face resistance near $7,800 and $7,900. Bitcoin price declined recently below key support levels against the US Dollar. BTC is facing an uphill task and it…

Ethereum (ETH) Price Reversed Gains: Support Turned Resistance

ETH price traded to a new 2019 high close to $290 and declined heavily against the US Dollar. The price reversed most its gains and traded below the $260 and $250 support levels. There was a break below a major bullish trend line with support at $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair tested the $240 level and it is currently correcting higher towards the $260 and $264 resistances. Ethereum price declined heavily below $260 versus the US Dollar, but remained flat vs bitcoin.…

Ripple (XRP) Price Smashes Resistance: Stage Set For $0.5000?

Ripple price started a solid upward move and broke the key $0.4200 resistance against the US dollar. The price climbed higher and broke a few important resistances near $0.4350 and $0.4400. There is a rising channel forming with support at $0.4240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is eyeing further gains and it might soon clear the $0.4500 and $0.4650 resistance levels. Ripple price is gaining bullish momentum against the US Dollar, while recovering vs bitcoin. XRP looks set to accelerate higher…

Bitcoin (BTC) Price Smashes Resistance: Bulls Target Fresh High

Bitcoin price started a strong rise above the $7,800 and $8,000 resistances against the US Dollar. The price gained traction and even traded close to the $8,200 resistance area. This week’s followed important declining channel was breached near $7,960 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently forming a triangle pattern and it could continue higher above $8,150 and $8,200. Bitcoin price jumped back into a positive zone above $7,800 against the US Dollar. BTC is currently forming a bullish pattern and…

Ripple (XRP) add 21.7 Percent, Resistance at 40-43 cents Zone

Ripple (XRP) ranging but the uptrend is firm XRP classification will either trigger a rally or a large-scale dump Like most liquid assets, Ripple (XRP) is consolidating, trading inside May 14th and 15th high low in a bullish breakout pattern. All the same, bulls are in pole position. As fundamentals and candlestick arrangement diverge, it is only a matter of time before prices breach 50 cents as buyers aim at 60 cents. Ripple Price Analysis Fundamentals At 39 cents, Ripple (XRP) market dominance is 6.75 percent, trailing Bitcoin and Ethereum…

Stellar Lumens (XLM) Surges 55% to Pass Resistance, Outdoes Bitcoin

Stellar Lumens (XLM) rally, add 55.6 percent The network failed for two hours on May-15 Stellar’s validator nodes “trust” the SDF nodes. Because of that, there was a failure, and the system couldn’t reach consensus for two hours on May-15. At the moment, XLM is under pressure but up 18.8 percent in the last day. Stellar Lumens (XLM) Price Analysis Fundamentals In the words of Yorke Rhodes, development around blockchain feels like it is back to 1995. Then, the internet had little interest to the average consumer. Fast forward, 19…

Ethereum (ETH) Price Smashes Resistance: Bulls Target $220 or Higher

ETH price broke the main hurdle near the $178 and $180 resistance levels against the US Dollar. The price even broke the $200 resistance level before starting a downside correction. There is a major bullish trend line in place with support near $178 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on dips and it could rally strongly above $200 and $210. Ethereum price finally gained bullish momentum versus the US Dollar, along with bitcoin. ETH seems to be eyeing a larger upward…

Ethereum (ETH) Price Smashes Resistance: Bulls Eyeing $200?

ETH price rebounded nicely after testing the key $160 support area against the US Dollar. The price climbed higher sharply and broke the $165, $168 and $170 resistance levels. There was a break above a contracting triangle with resistance near $162 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded to a new weekly high near $180 and it remains well supported for more gains. Ethereum price started a strong upward move versus the US Dollar and bitcoin. ETH is likely to remain in an uptrend…