Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Bitcoin Cash ($BCH) is trading at $568.36, brushing against the lower boundary of the bullish channel it has maintained since April, signaling an imminent risk of
HBAR’s current price, at $0.247, has recently broken below its bullish channel, signaling a clear shift toward a bearish trend. The bullish momentum recorded between August
XLM experienced a 130% rally since early July, surging from $0.22569 to a high of $0.52, a level now acting as strong resistance. After failing to
SUI has shown a strong increase in TVL, surpassing US $2.2 billion in July, along with a 145% growth in daily active users, reflecting real adoption and
Chainlink has been forming a descending triangle over the past few months and is approaching a potential breakout, although it has recently shown signs of exhaustion
$DOGE recently broke a descending trendline that began on May 23, potentially signaling a short-term structural shift. The current price is $0.16127 after rebounding 13% from
TRX is trading within a channel between $0.2590 (support) and $0.2801 (resistance), currently priced at $0.2721 (+1.97%) after bouncing off the support level. Over the past
ADA’s current price ($0.6218) is once again hovering near the critical support level of $0.6166 after a 28% drop from the $0.8643 peak recorded in May.
TL;DR AVAX has respected the key support at $18.49, bouncing strongly (+18%), breaking the resistance at $21.36, and showing good recovery. Technical indicators (EWO, RSI, MACD)
Ripple is pushing XRP and its stablecoin RLUSD as faster and cheaper alternatives to the SWIFT system, highlighting new partnerships in the UAE and the U.S.
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