In case the bears defend the $115 supply level, then Ethereum price may further decline and find its support at $85 after the $101 price level is broken.
Further declination of Bitcoin price depends on the Bears’ pressure as a new daily bearish candle is emerging and this may push the coin to bottom at the demand level of $3,247.
Cardano price may find its support at the previous low of $0.030 in case the bears maintain or gain more pressure to drive the coin downward but bearish momentum failure may lead to a change of trend direction.
In case the bulls defend the demand level of $0.07 and increase their momentum, there will be a change of trend to the north side and Stellar price may incline towards $0.10 supply level. If not downtrend continues.
In case the bulls increase their momentum and the resistance level of $68 is broken up and the daily candle closed above the resistance level of $68, then, Bitcoin SV price may have its target at the range of $85 – $100 price level.
The breakdown of $0.28 price level by the bears will expose $0.25 demand level. Should the demand level of $0.28 holds the bulls may take over and push up XRP towards the supply levels of $0.33 – $0.38.
Should the demand level of $101 hold, Ethereum price may bounce, rally to the north and have its resistance at $131supply level, if not, ETH price will fall further and may find its support at the demand level of $85.
Should the bearish pressure increases, Bitcoin price will find its previous low of $3,247 and in case the bulls defend the previous low level and the BTC price bounces the bulls may take over the market.
While crypto industry has dreamed of a Bitcoin ETF since at least 2013, and crypto companies were pushing it hard to get an approval, the SEC hasn’t given green light to any yet. What Bitwise explained is that the SEC are not against crypro ETFs at all.
Breakout is imminent, the breakdown of the demand zone of $0.042 will drop ADA price at $0.033 demand zone. In case the bulls defend the $0.042 price level, it will rally to the north and may have $0.058 as its target.
The breakdown of the Bitcoin SV’s support level of $73 by the bears’ momentum will expose the $68 price level, alternatively, should the support level of $73 holds there will be bullish rally towards $100 price level.
Further increase of the bears’ pressure may push the coin to its previous low and in case the bulls defend this level of $0.09 Stellar price may have its resistance at $0.13 price level.
In case the XRP price declines to the previous low of $0.28 and the price bounces then the traders should look for an opportunity to place a long position and take their profit at $0.38 price level.
The Coinone research notes that STOs can open new frontiers with better security over ICOs, and thus help to liquidate other illiquid assets.
Ethereum price may have its target at the previous low of $87 in case the demand level of $109 does not hold. Should the demand level of $109 hold, the ETH price will bounce and rally towards $145 price level.