$BTC $XRP Very weak liquidity and very few investors for almost two weeks now, those trading are just small fish that do not add value or satisfy hunger, and I am one of them.
The price of the Pepe (PEPEUSD) cryptocurrency has risen in its recent trading at the momentary levels, reaching the test of the resistance level of 0.00001290. This level is a pivotal point for determining the upcoming price direction, especially as it coincides with its contact with the resistance of the simple moving average for the 50 period, with the beginning of a negative crossover appearing in the relative strength indicators, after reaching areas of extreme overbought conditions, exaggeratedly compared to the price movement, which suggests the beginning of a negative divergence forming within it, in light of the dominance of the downward corrective trend in the short term and its trading alongside the trend line.
Therefore, our expectations indicate a decline in the price of the currency during the upcoming trades, as long as the mentioned resistance of 0.00001290 remains intact, targeting the first support level at the price of 0.00001197.
$IOTA The currency $IOTA is testing a downward correction channel The price of IOTA (IOTAUSDT) has seen a sharp rise during its recent intraday trading, driven by positive signals in the relative strength indicators. However, we notice that it has reached areas of extreme overbought conditions, indicating a slowdown in this positive momentum, with the price rising recently to hit the resistance of its simple moving average over a period of 50. This has occurred concurrently with its testing of the ceiling of a downward corrective price channel that limits short-term price trading.
Based on this, our forecasts indicate a return to the decline in the price of the currency during its upcoming trades, as long as the resistance level of $0.22 remains intact, targeting the pivotal support level of $0.19.
Expected direction for the upcoming trades: bearish
Monero $XLM is experiencing fluctuations The price movement of Monero (XMRUSDT) has been characterized by volatility at the momentary levels, attempting to offload its clear buying saturation with relative strength indicators, while at the same time trying to gain positive momentum that may help it resume its strong ascent, under the control of the main bullish trend and trading alongside a minor upward trend line in the short term, with continued positive pressure resulting from trading above its simple moving average for the previous 50 days.
Based on this, our expectations indicate more upward movement for the coin's price during its upcoming trades, especially in the case of breaking the resistance at $296.00, targeting then the first resistance level at a price of $342.00.
$SOL Gains Positive Momentum $SOL The price of Solana (SOL/USD) has declined during its recent intraday trading, attempting to gain positive momentum that may help it recover and rise again, amid a short-term corrective upward wave, supported by its continuous trading above the simple moving average of the previous 50 days. Additionally, we notice that the relative strength indicators have reached areas of extreme overselling, exaggerated compared to the price movement, which adds more weight to the positive scenario.
Therefore, our expectations indicate an increase in the price of the currency during its upcoming trades, provided that the support level of $125.80 remains stable, aiming again for the key resistance level of $157.00 in preparation for attacking it.
$NEIRO The price of the NEIRO currency (NEIROUSDT) has declined during its recent intraday trading, amid continued negative pressure resulting from trading below its simple moving average for a period of 50, and under the control of a short-term corrective downtrend while trading alongside a trend line. The decline in the price of the currency came after it successfully alleviated its selling saturation that was evident in the relative strength indicators during its previous trades.
Based on this, our expectations indicate a decrease in the price of the currency during its upcoming trading sessions, as long as the resistance level of $0.00022780 remains intact, targeting the support level of $0.00018564.
The price of Dogecoin (DOGEUSDT) has slightly advanced during its recent intraday trading, supported by its simple moving average for the previous 50 days, which has given it some positive momentum, amid a short-term corrective upward wave, with relative strength indicators reaching areas of excessive selling saturation compared to the actual price movement, which enhances the upward price movement.
Therefore, forecasts indicate further upward movement in the price of the coin during its upcoming trades, as long as the support at $0.17 holds, targeting the resistance level at $0.21.
$ETH Instant analysis of currency $ETH The price of Ethereum (ETHUSD) has stabilized at a decline during its recent instant trades, settling again below the key level of $1,800, and is once again exposed to negative pressure resulting from its trading below its simple moving average for the past 50 periods, with the negative pressure surrounding it doubling due to the emergence of negative signals in the relative strength indicators, despite reaching oversold areas. This came despite the dominance of the corrective upward trend in the short term.
The price of Bitcoin (BTCUSD) has experienced a sharp decline during its recent intraday trading, breaking the main upward trend line in the short term, indicating a clear weakness in upward momentum and a possible change in the direction of the next movement. This decline occurred alongside a break of the support of the 50-period simple moving average, further adding negativity to the technical picture and increasing the chances of continued selling pressure.
In addition, negative signals are emerging from the relative strength indicators, despite their stabilization in areas of excessive selling saturation, which suggests that the decline may not have reached its end yet.
Some see a green candle even if it's a doji candle and go write and publish an article that there is a strong rise and that the currency will touch the moon. Enough with the foolish fallacies and have mercy on the beginners. If you are hasty in your analysis, do not mislead others.
$BTC Update on the price forecast for $BTC for the date 2/5/2025
The price of Bitcoin (BTCUSD) has stabilized with an increase during its recent intraday trading, amidst its attempts to gain positive momentum that may help it break through the current resistance level of $97,400, while at the same time, it is trying to mitigate its overbought condition.
$ETH Update Ethereum Price Prediction for $ETH on 2/5/2025
Update Ethereum Price Prediction for today 02-05-2025
2025-05-02 09:34AM UTC
The price of Ethereum (ETHUSD) has decreased in its recent trades at the momentary levels, trying to gain positive momentum that may help it recover and rise again, succeeding in offloading its overbought condition that was evident in the strength indicators.
$BTC The price of the digital currency "Bitcoin" rose during trading on Friday to maintain its gains for the second consecutive day, trading near a three-month high. It is on track to achieve a fourth consecutive weekly gain, thanks to the positive momentum currently dominating trading in the cryptocurrency market. The currency aims to trade above $100,000 again, after MicroStrategy, the giant company, raised its Bitcoin holdings to a new record level, in addition to strong inflows into Bitcoin exchange-traded funds in the U.S., along with negative currency funding rates.