SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) was also in the green during today’s session, as it rebounded from a recent multi-month low.
SOL/USD peaked at 18.66 on Tuesday, which comes a day after the token bottomed out at 17.46.
Monday’s low saw solana fall to its lowest point since June 30, when the price was at a low of 17.12.
Earlier gains have somewhat faded, however, as bulls were unable to penetrate the ceiling at the 19.00 mark.
This has led to traders opting to secure their profits, instead of keeping positions open at this point of uncertainty.
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BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 6% on Tuesday, as bulls returned to the market following recent declines in price.
After falling to a low of 181.38 to start the week, BCH/USD raced to a peak of 198.93 earlier in the day.
This rally saw bitcoin cash snap a four-day losing streak, which pushed the price close to a support level of 180.00.
it appears that this was the trigger bulls needed in order to return to the market.
The 14-day relative strength index (RSI) also bounced at its own floor at the 35.00 mark and is now tracking at 37.58.
Should today’s momentum extend through the rest of the week, there is a good chance that BCH will rise towards a critical resistance level of 220.00.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) has also experienced a high level of volatility in the past 24 hours, falling to a multi-month low in the process.
ETH/USD dived to a low of 1,533.43 during yesterday’s session, before rebounding, and is currently trading at 1,619.11.
As a result of Monday’s drop, ethereum fell to its lowest level since March 12, when price was under 1,500.
today’s rally saw the RSI move away from the oversold zone, and it is now at a reading of 41.52.
This is marginally above a ceiling of 41.00, with a level of 50.00 the apparent target for short-term bulls.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin fell to a three-month low towards the end of Monday’s session, as bears pushed the price below the 25,000 level.
BTC/USD plunged to a bottom at 24,930.30, to start the week, which was its lowest point since June 15.
The world’s largest cryptocurrency has since rebounded, with price peaking at 26,258.05 earlier in the day.
the decline came as the 14-day relative strength index (RSI) briefly moved below support at 35.00.
Bulls have since reentered the markets following the slippage, buying the dip, and pushing price strength to a current reading of 46.50.
The next visible point of resistance appears to be at the 52.00 mark, and should price strength reach this point, BTC will likely be above 26,500.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) edged lower to start the week, with price falling below the $1,600 level on Monday.
After peaking at 1,627.67 on Sunday, ETH/USD raced to an intraday low of 1,581.79 during today’s session.
This resulted in the world’s second-largest cryptocurrency falling to its lowest level since August 22.
The decline arrives as a breakout occurred on a price floor of 1,620, with bears rushing into the market as a result.
Price strength is now oversold, and is tracking at 31.27, with the next support point at the 28.00 zone.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin started yet another week trading under the 26,000 level, as traders began to prepare for upcoming U.S. economic releases.
BTC/USD slipped to a low of 25,620.46 earlier in today’s session, after ending the weekend at a peak of 25,978.13.
Monday’s decline in price saw bitcoin continue to hover close to a key support point at the 25,600 region.
The slippage comes as the 14-day relative strength index (RSI) moved closer to a floor of its own at the 35.00 mark.
the index is tracking at a reading of 37.09, which comes after failing to break out of a ceiling of 45.00 last week.
Should bulls reject a drop below 35.00, there is a good chance that BTC reverses in the coming days.
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SHIB/USDT 3DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this SHIB/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Shiba’s downtrend has not stopped, and the price continued to make lower highs. For this reason, the price registered a 5.5% loss this week, making this meme coin the worst performer on our list.
The current support is found at $0.0000075, and so far, it held the assault from bears. Nevertheless, sellers could return to take the price lower if the bearish sentiment continues.
SHIB has lost all its gains made in August and could even visit new lows this month.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum’s price has been in a low volatility period, booking a modest loss of 1.7% this week. With the price under the key resistance at $1,660, the bulls appear unable to take ETH higher at this time.
The current support levels are found at $1,550 and $1,440, with the latter having the most confidence to stop sellers should they increase their pressure at these levels.
Ethereum remains in a downtrend with momentum favoring the sell side. A test of the key support at $1,440 appears likely in the next few weeks if nothing changes especially if Bitcoin breaks below $25k.
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XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Stellar (XLM) rose to a three-day high today, as bulls continued to target a key price ceiling.
XLM/USD hit a high of 0.1271 earlier in the day, less than 24 hours after trading at 0.122.
The move comes as the 10-day (red) moving average approaches an upward crossover with its 25-day (blue) counterpart.
This is the closest that stellar traders have come to taking the price over a resistance zone of 0.1300 since Tuesday.
Today’s surge came as the 14-day RSI broke free of a ceiling at 49.00, moving to a current level of 51.08.
earlier gains have marginally eased, with XLM now trading at $0.1253.
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CRO/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this CRO/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Cronos (CRO) continued to move away from a recent three-month low on Friday, after rising for a second straight session.
After trading at a bottom of 0.05072 on Thursday, CRO/USD surged to a peak of 0.05291 earlier in the day.
This move comes as Cronos bulls managed to avoid a full breakout below a support point at 0.0495.
One reason for this was the stability of the support point of 34.00 on the relative strength index (RSI).
the index is now tracking at 49.60, with the next point of resistance around 52.00.
In the event that price strength climbs beyond this point, CRO will most likely be trading around 0.05500.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also edged higher during Friday’s session, with bulls pushing the price closer to the 1,700 level.
After trading at a low of 1,617.80 on Thursday, ETH/USD rallied to an intraday high of 1,657.30 earlier in the day.
gains have since faded, with the world’s second-largest cryptocurrency now trading at 1,626.05.
A failed move beyond a resistance zone of 40.00 seems to be one reason for the reversal, with the RSI now tracking at 37.41.
Should momentum continue to slip, a floor of 35.00 could provide a stable base, and if this fails, ETH could slip under 1,600.
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BTC/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Volatility was back in cryptocurrency markets on Friday, as bitcoin (BTC) bulls pushed the price above the 26,000 level.
BTC/USD peaked at 26,414.01 earlier in today’s session, however, this was short-lived, as the price now sits at 25,795.12.
Today’s move was the highest BTC has hit since last Thursday, and came following a breakout of a ceiling at 26,400.
previous bulls seem to have immediately liquidated their positions after the price moved beyond this point.
The relative strength index (RSI) also hit a resistance level of its own at 45.00, before retreating to a current reading of 39.18.
this drop shows that market sentiment remains bearish, despite the slight spark seen earlier in the day.
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XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Stellar (XLM) also hovered in the green, as the price remained near a resistance level of 0.1300.
XLM/USD rose to a peak of 0.1243 earlier in the day, which comes following a low of 0.1178 the day prior.
The move comes as the 10-day (red) moving average approaches an upward crossover with its 25-day (blue) counterpart.
the RSI is on the cusp of breaking out of a key resistance level of 50.00, which has been held for close to a month.
Bulls will potentially aim to penetrate this point in the coming days, taking the price near a ceiling of $0.1400.
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BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin was trading marginally lower on Thursday, as the cryptocurrency moved below a key point of support.
BTC/USD bottomed out at 25,404.36 earlier in the day, less than 24 hours after peaking at 25,953.02.
The decline saw Bitcoin fall under a price floor of 25,600 before bulls intervened to send the cryptocurrency higher.
BTC is now trading at 25,701.34, which sees its price below 26,000 for a third straight day.
Although sentiment has been mostly bearish, price stability has largely remained, with traders so far avoiding a drop under 25,000.
This could be tested as we head towards next week, with several key economic announcements set to be released in the United States.
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XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- A closer look at the daily chart shows a notable drop in XRP price due to elevated selling pressure and an increasing bearish sentiment.
The price slipped beneath the crucial 100-day MA at 0.55, reaching the 200-day moving average at 0.5. This downward movement has disrupted the bullish trend, resulting in a rejection.
a sudden rebound pushed the price back above the 200-day moving average (the Grayscale’s win over the SEC pump), only to reencounter rejection, leading to another dip below the significant MA. This particular support area carries substantial weight, and if support holds, it has the potential to halt further declines.
Nevertheless, a breakdown below the 200-day MA, followed by a subsequent pullback, could signal the beginning of a medium to long-term bearish trend.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) remained close to the 1,630 level during today’s session, despite attempts by bears to force a breakout below 1,600.
ETH/USD has climbed away from an earlier low of 1,610.14 on Wednesday, with the price going on to peak at 1,635.29.
the 10-day (red) and 25-day (blue) moving averages seem set for an imminent upwards cross, however price has yet to react to the prospect.
Ethereum’s price strength now sits at a reading of 36.80, marginally above a floor of 36.00, however, a ceiling of 44.00 is likely the real target for traders.
Should a reversal happen in the coming days, a move to this point of resistance will be enough to send ETH past 1,700.
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin’s consolidation continued on Wednesday, as bulls remained on the sidelines, despite the prospect of a “death cross.”
The term refers to an entangling between moving averages, in this instance the 10-day (red) and 25-day (blue) trendlines.
Despite the potential for this to occur, BTC/USD bottomed out at 25,628.61, which is marginally lower than Tuesday’s high of 25,858.37.
price consolidation comes as the relative strength index (RSI), flatlines close to a support of its own at 35.00.
Bulls have so far rejected a move below this point, however, in the event that this occurs, BTC could fall below 25,000.
Longer-term Bitcoiners could be hoping for this, as a means of buying at an even lower rate.
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DOGE/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Dogecoin ended an 8-day losing streak as prices rebounded from a recent point of support.
Following a low of 0.06246 DOGE/USD rallied to an intraday peak of 0.06422 earlier in today’s session.
The move comes as the meme coin surged from a floor at 0.0620, with bulls now likely targeting a ceiling of 0.0680.
the bounce in price comes as the 14-day relative strength index (RSI) rose from a floor of 39.00.
the index is tracking at 42.66, with the next point of resistance around 47.00.
In the event that this is broken, there is a good chance that DOGE will move back towards 0.07000.
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XLM/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XLM/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XLM was one of the biggest movers, as the cryptocurrency rose by as much as 7% in today’s session.
After trading at a low of 0.1147 on Sunday, XLM/USD moved to an intraday peak of 0.126 earlier in the day.
This surge sees a stellar climb higher for a second consecutive day, following a rebound from a floor of 0.110.
Earlier gains have already begun to ease, which comes due to the relative strength index (RSI) colliding with a ceiling of 49.00.
the index is now tracking at 49.48, with the next point of resistance around 54.00.
Overall, bulls seem to have set their sights on the 0.135 level.
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ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- 4-hour timeframe, it becomes evident that the downward trajectory was momentarily halted when Ethereum reached the substantial 1.6K support region. This indecision led to a brief consolidation phase marked by low volatility. However, the price experienced a sudden surge (the Grayscale pump), marked by the emergence of a substantial green candle.
However, buying pressure weakened as the price ascended and approached the critical 61.8% Fibonacci retracement level, prompting a reversal. Consequently, the price embarked on another impulsive retracement, driving it back towards the 1.6K range. Furthermore, Ethereum has formed a bearish continuation flag pattern, and it is currently attempting to breach the lower boundary of this pattern.
Because the 1.6K threshold holds significant psychological importance, if sellers successfully push the price below this critical level, the market could potentially witness another quick and steep plummet toward lower price thresholds.
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BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BTC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- 4-hour chart, the recent price action becomes a lot clearer. The market has recently been rejected from the 27,500 short-term resistance level and has been declining towards the 25K support area.
The RSI indicator is also showing values below 50%, emphasizing the current bearish momentum in price. Therefore, if the 25K level breaks down, things can get ugly quickly.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) narrowly avoided a move below 1,600 over the last 24 hours, despite market sentiment seemingly remaining bearish.
Following a drop to a bottom of 1,603.03 on Sunday, ETH/USD climbed to a peak of 1,650.71 to start the week.
The price of the world’s second-largest cryptocurrency has since slipped, and as of writing is now trading at 1,633.67.
After almost dropping below 1,600, downward momentum eased as Ethereum’s RSI found a stable support point of 36.00.
price strength is now tracking at a reading of 36.79, with the 10-day (red) and 25-day (blue) moving averages on the cusp of an upward cross.
RSI remains above 36.00, there is a good chance that ETH will move above 1,700 in the coming days.
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XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- the price has held above the 200-day moving average, around the $0.5 mark, over the past few weeks. However, the price is currently testing the 200-day moving average. If this moving average breaks down, the price will drop quickly towards the $0.43 level.
On the other hand, if the price rebounds from the 200-day MA, this could lead to a bullish move towards the $0.55 resistance zone. Yet, given the RSI indicator showing values below 50%, it is more likely that the bearish scenario will play out.
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