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.
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.
TL;DR BNB is currently trading at $680.30. Over the past 24 hours, it has posted a positive return of 0.89%. Following an 18% rebound from the
TL;DR Solana ($SOL) has broken out of the bullish channel it had been respecting since the strong rally of over 90% that began on April 7.
Ethereum surged over 40% from May 8 to reach $2,624, but today it’s down 0.57% and currently trapped between support at $2,141 and resistance at $2,735.
The cooling of the U.S. economy is boosting expectations that the Federal Reserve will lower interest rates, which benefits risk assets like bitcoin. Bitcoin ETFs have
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