The Latest reports about cryptocurrencies, blockchain and FinTech from Coinspeaker’s staff writers and our partners.
The bulls may gain enough pressure to break out the upper trend line of the triangle and the XRP price will rally to the north and may break the supply level of $0.58 up to $0.63.
Should the bulls gain enough momentum and break up the supply level of $227, Ethereum price will rally to the north and may have the supply level of $257 as its target.
The bulls will be required to gain enough momentum in order to break out from the upper trend line of the symmetrical triangle before noticeable volatility in the Bitcoin market. Traders should be patient and watch out for the break out before placing a trade.
In case the demand zone of $0.075 holds, Cardano price will resume its uptrend movement which may break the supply zone of $0.081 upside
Should the bears continue with their increased momentum the Stellar price would break the demand level of $0.23 and expose to the demand level of $0.22.
Confirmation to the bulls’ takeover was seen as the next daily candle closed as bullish engulfing above the two EMAs.
In case, the demand zone of $0.53 holds the XRP will rally to the north and the supply zone of $0.61 will be the next target.
Should the resistance level of $0.024 breaks by the bulls, Tron price will rally to the north and $0.025 resistance level will be the next target.
Bitcoin descended further from 17th in the September edition to 19th spot in October, according to the Global Public Blockchain Technology Assessment Index, published by the China Electronic Information Industry Development (CCID).
The bulls are trying to defend $0.069 demand zone which will make the Cardano price to bounce and rally to the north towards the supply zone of $0.075.
Should the bears increase their momentum and break down the accumulation territory of $6,137, Bitcoin will head towards the lower accumulation territory of $6,032.
For Monero price to break out from this bound range zone, a radical fundamental event is needed; there is a probability that the coin will break the accumulation territory of $97 downside and the coin may have the low accumulation territory $86 as its target.
There is a probability that the Tron price will experience further downtrend movement which may break the support level of $0.021 and make the support level of $0.020 as the next target.
A bullish breakout will ensure that the resistance level at $6.0 is broken then the EOS price will rally to the level of $6.5 which is the upper resistance level of price.
Should Cardano price fall to the demand zone of $0.069, and the bulls defend this zone, ADA price will bounce to the north towards the supply zone of $0.080. ADA will resume its uptrend movement towards the supply zone of $0.088.