Solana's (SOL) price has dropped below the moving-average lines, but the selling pressure has eased over the $180 support. Since Dec. 20, Solana's price has held above $180 resistance but below the 21-day SMA.
Solana has been gaining today and is approaching the 21-day SMA. The altcoin's uptrend will continue if the bullish momentum breaks over the 21-day SMA or 50-day SMA. The cryptocurrency will try to reach its previous highs at $240 and $256. Solona's rise will continue above its current support level at $180, if it does not break above the moving-average lines. Solana's current value is $216.
The price bars have a lower value but are still testing the resistance of 21-day SMA. If the price breaks above the resistance of the 21-day SMA, it will reach its 50-day SMA. When the moving average lines break, an uptrend starts. On the 4-hour graph, the price is now above the moving-average line. The $220 high could be a resistance to the upward movement.
Key Resistance Levels: $220. $240. $260
Key support levels: $140, $120, $100
Solana trades between $180 support and $220 resistance. Bulls and Bears are currently fighting for price control near the 21-day SMA. The future performance will be determined by whether the cryptocurrency breaks above moving average lines, or falls below its previous high.
Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
According to the latest report by CryptoGuestPosts, the price for Toncoin (TON), which hit $7.20 in the last price analysis, has dropped below the moving-average lines.
The cryptocurrency fell to a low price of $4.78, before starting a steady rise in a range above the $5.00 resistance and below the moving-average lines. TON will correct higher when it reaches its 50-day moving average. At the 50-day SMA, it is possible that the current uptrend will be broken. A break above the moving-average lines would indicate a continuation of an uptrend. If TON falls below its 50-day SMA however, the selling pressure will again increase. If the bears breach the $5.00 resistance, TON could fall as low as $3.65. TON currently trades at $5.64.
The cryptocurrency is falling, and the price bars are below moving average lines. Altcoins are currently in a correction upward that is nearing the moving average line. On the 4-hour chart the price bars are higher than the moving averages. TON will continue to rise so long as the price bars are above the moving averages.
Resistant Levels: $6.00 $8.00 $10.00
Support Levels: $5.00, $3.00, $1.00
On the 4-hour chart TON is increasing as the price bars are higher than the moving average lines. Altcoins will reach a price of $6.20 but may be rejected. On the daily chart TON's uptrend will continue if buyers maintain the price above moving average lines, and break through the $6.50 barrier.
Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
On December 11, the price of Ethereum (ETH), which had risen above its 21-day SMA, resumed an upward trend. ETH price analysis from CryptoGuestPosts.
The bulls failed to maintain the upward trend above the $4,000 high on 6 December. The bears tried to defend the recent high, and pushed Ether below 21-day SMA.
The two trading opportunities between the SMA 21 days and the resistance of $4,000 have led to the biggest altcoin trade in a range.
Ether is currently on a high and approaching $4,000 for the second consecutive time. Due to the doji candles, bullish momentum is slowing down. Ether will likely rise in value above $4,000 if the current barrier is broken. The biggest altcoin is expected to reach a new high of $4.500.
If the altcoin is rejected, it will continue to move in a sideways direction below the psychological level.
Ether's bars continue to climb above the moving-average lines. The price bars consist mainly of doji candles, which indicates that the altcoin has a low trading volume. Ether's price bars are above the horizontal moving-average lines on the 4-hour chart. Doji candlesticks have been consolidating and the movement forward is dubious.
Resistance levels - $4,000 to $4,500
Support levels - $3.500 & $3,000
The price of Ether is hovering just above the $3.900 support level, but remains range bound. Since the end the first uptrend the altcoin is trading above the $3.500 support but below the $4,000 high. Ether is consolidating and the price is moving slowly.
A price increase will push the $4,000 barrier.
Disclaimer. This analysis and forecast is the author's personal opinion. It does not constitute a recommendation for buying or selling cryptocurrency. CryptoGuestPosts has not approved it. Before investing in funds, readers should conduct their own research.