cryptohopper

پلکدوت (DOT) به کمترین میزان بسته شدن هفتگی از سال 2020 می رسد پلکدوت (DOT) اخیراً شکست قابل توجهی را تجربه کرد زیرا به زیر سطح حمایتی حیاتی 4.20 دلار سقوط کرد که پایین‌ترین بسته هفتگی آن از سال 2020 است. این کاهش نگرانی‌هایی را در بین سرمایه‌گذاران و تحلیلگران ایجاد کرده است. DOT از زمانی که در فوریه 2023 به 7.90 دلار رسید، یک مسیر نزولی را دنبال کرده است. به زیر 4.20 دلار رسید. سطح حمایتی که از ابتدای سال برگزار شده بود. چنین شکست هایی از سطوح حمایت طولانی مدت اغلب باعث کاهش قابل توجهی می شود. پیوند این ناحیه پشتیبانی و یک خط مقاومت نزولی، یک مثلث نزولی را تشکیل داده است، یک الگوی نزولی که بر خرابی تأکید می کند و به احتمال تلفات بیشتر اشاره می کند. سناریوهای بالقوه اگر روند نزولی ادامه یابد، قیمت DOT به طور بالقوه می‌تواند تا 50 درصد دیگر کاهش یابد و به منطقه حمایت افقی 2 دلار برسد و با پایین‌ترین حد خود از آگوست 2020 همسو شود. با این حال، اگر DOT بتواند منطقه 4.20 دلاری را پس بگیرد و از خط مقاومت نزولی رهایی یابد، ممکن است باعث ایجاد یک افزایش چشمگیر قیمت 85 درصدی به سمت منطقه مقاومت 7.50 دلاری. نوسانگر نهایی هفتگی، یک شاخص حرکتی که برای تعیین شرایط خرید یا فروش بیش از حد استفاده می شود، از روند نزولی غالب پشتیبانی می کند، با قرائت های زیر 50 و یک روند نزولی سیگنال های نزولی در نظر گرفته می شود. خط پایانی: علیرغم پیش‌بینی‌های نزولی برای DOT، یک شکست احتمالی از کانال و منطقه 4.40 دلاری می‌تواند راه را برای افزایش 85 درصدی به سمت منطقه مقاومت 7.50 دلاری هموار کند.

بیت کوین حرکت صعودی در معرض خطر به عنوان شاخص تصادفی ماهانه بیت کوین (BTC) ممکن است علاقه مندان به باد مخالف به عنوان یک کلید شاخص فنی ماهانه، تصادفی، مواجه شوند. طبق استراتژی Fairlead نشان دهنده یک "رکود بیش از حد خرید" است. اندیکاتور تصادفی اخیراً به زیر 80 رسیده است که نشان دهنده کاهش حرکت صعودی است. این اندیکاتور معمولاً بین 0 تا 100 در نوسان است، با قرائت های بالای 80 نشانه شرایط خرید بیش از حد و قرائت های زیر 20 نشان دهنده شرایط فروش بیش از حد است. کاهش سطح خرید بیش از حد نشان دهنده تضعیف حرکت صعودی است. قوی مقاومت باعث رکود می‌شود کیتی استاکتون، موسس و شریک مدیریت Fairlead Strategies، این پیشرفت را برجسته کرد و اظهار داشت که "در پایان ماه اوت، Bitcoin< /a> یک رکود بیش از حد خرید در استوکاستیک ماهانه خود را در یک شکست تایید کرد." او اضافه کرد که این رکود ممکن است فرآیند پایه گذاری بیت کوین را طولانی کند، به ویژه با توجه به مقاومت حدود 31.9 هزار دلاری ناشی از مدل ابری ماهانه، سطح بیت کوین برای شکستن تلاش کرده است. از نظر تاریخی، رکود بیش از حد خرید در اندیکاتور تصادفی در اوایل سال 2021 و دسامبر 2017 اوج قیمت قابل توجهی را نشان داده است. هیستوگرام ماهانه MACD که قدرت روند و تغییرات روند را اندازه گیری می کند، نزدیک صفر است که نشان دهنده یک خنثی طولانی مدت است. تعصب اصطلاحی عبور از بالای صفر نشان دهنده یک تغییر حرکت صعودی است، در حالی که افت های زیر صفر نشان دهنده تغییر روند نزولی است. به گفته استاکتون، با این حال، MACD هنوز مثبت نشده است، به این معنی که روند صعودی پایدار هنوز برقرار نشده است. در زمان نوشتن این مقاله، بیت کوین با قیمت 25700 دلار معامله می شود. استاکتون حمایت فوری را در 25200 دلار شناسایی کرد و اشاره کرد که میانگین متحرک ساده 50 روزه در 28200 دلار یک سطح مقاومت بحرانی است.

Polygon (MATIC) Faces 25% Price Collapse, Fears of New Yearly Lo The price of Polygon (MATIC) has experienced a significant 22% collapse since its July highs, raising concerns about the possibility of a new yearly low. MATIC failed to break through a critical horizontal resistance area, leading to a breakdown from a short-term corrective pattern. This decisive rejection indicates a bearish trend, and if the breakdown is confirmed, it could lead to a new yearly low for the cryptocurrency. Bearish Signals on Weekly and Daily Timeframes Cast Doubt on Immediate Recovery On the weekly timeframe, the analysis shows a pessimistic outlook for MATIC. It was rejected from the $0.82 resistance zone, which had previously acted as a strong support level since July 2022. The formation of a long upper wick on the weekly chart suggests increased selling pressure, indicating that sellers took control and pushed the price below the resistance area. Additionally, the weekly RSI supports the bearish sentiment, falling below 50 and signaling a bearish trend. The daily analysis further supports the bearish sentiment, as the breakdown of an ascending parallel channel suggests the completion of the upward correction and a resumption of the bearish trend. The daily RSI also falls below 50, reinforcing the bearish outlook. Since the breakdown, the MATIC price has already fallen by 7%, and if the decrease continues, the next support level is at $0.55, implying a potential further decline of 20%. Bottom Line: In summary, the recent price collapse in Polygon (MATIC) raises concerns about a potential new yearly low, given the bearish signals from both the weekly and daily time frames.

Ethereum (ETH) Corrects After Reaching Yearly High – Will $1,800 Ethereum (ETH) has experienced a corrective phase following its new yearly high on July 14. While the price action confirms the correction, the wave count suggests that ETH will likely bottom soon, paving the way for it to resume the previous upward trend. Daily RSI Bearish Signal The daily Relative Strength Index (RSI) is bearish, corroborating the Ethereum price drop. The RSI is a key indicator used by traders to assess market conditions. An RSI above 50 and trending upward indicates a positive sentiment for bullish investors, while a value below 50 suggests the opposite. At present, the RSI is falling and below 50, signifying a bearish trend. ETH Price Prediction: How Long Will the Correction Last? Based on the Elliott Wave count, Ethereum's price has completed a five-wave increase and is currently in an A-B-C corrective structure. This indicates that the price is currently in the C wave, which will ultimately conclude the correction. The Elliott Wave theory helps analysts understand the trend's direction by studying recurring long-term price patterns and investor psychology. Applying a 1:1.61 ratio to waves A:C suggests a potential low near $1,780, which aligns with the 0.618 Fibonacci retracement support level. According to the Fibonacci retracement theory, after a significant price change in one direction, the price is expected to partially return to a previous level before continuing in the same direction. Considering this confluence, it is likely that Ethereum's price correction will find support around the $1,780 level before resuming its upward movement toward $2,000. Looking Ahead: Despite the optimistic long-term ETH price prediction, a decline below the June 10 low of $1,648 would indicate that the current decrease is not merely a correction but rather a continuation of the bearish trend. In such a scenario, the price could potentially fall to $1,450.

Dogecoin Chart Pattern Suggests Volatility Explosion Ahead Dogecoin (DOGE), the meme cryptocurrency known for its wild price swings, has experienced an unusual period of calm this year, lagging behind the performance of Bitcoin (BTC) and Ethereum (ETH). However, a technical analysis with the Bollinger bandwidth indicator suggests that this tranquility may soon come to an end. Understanding Bollinger Bands: A Tool to Assess Dogecoin's Volatility The Bollinger bandwidth is a tool that illustrates periods of varying volatility relative to price movements. It is calculated by dividing the spread between the Bollinger bands by the 20-day simple moving average (SMA) of the cryptocurrency's price. Bollinger bands are volatility lines placed two standard deviations above and below the 20-day SMA average. When the distance between the two bands widens and the bandwidth increases, it indicates a period of rising volatility. Conversely, when the bands contract and the width narrows, it signifies a lull in volatility. An unusually wide or high bandwidth suggests that the current bullish or bearish trend is approaching its end, while an abnormally low bandwidth indicates that the market is on the verge of a significant move in either direction. Recent data shows that Dogecoin's daily chart has experienced contracting Bollinger bands, resulting in a bandwidth of 0.06, the lowest level since February 2019. This suggests that Dogecoin could soon experience a surge in volatility, as the bandwidth has a tendency to alternate between expansion and contraction. It's important to note that this anticipated volatility explosion is independent of price direction, meaning that the significant move can be either bullish or bearish. Looking Ahead: As Dogecoin prepares for a potential volatility spike, traders and investors should remain vigilant and be prepared for a pronounced price swing in the near future.

KAVA Surges as Investors Seek Buying Opportunities Investors in the cryptocurrency market are looking for buying opportunities despite the current volatility of Bitcoin and Ethereum. As a result, many traders are turning to bullish altcoins like KAVA, which has been showing steady price growth despite market selling pressure. KAVA, a native token of the KAVA blockchain, recently completed a higher low price formation above an ascending trend line. From a monthly low of $0.667, KAVA's price has risen by more than 35% in just five days. KAVA Attempts Breakout While Bitcoin's price is falling, KAVA's price continues to rise this week. KAVA’s investors seem to be unaffected by a potential drop in Bitcoin's price. KAVA's price surged towards a bullish hurdle on May 10th, reaching a 20-day high at $0.909 with a remarkable 10.6% gain on Wednesday. Currently, the altcoin is trading against the USDT pair at $0.906. KAVA's Future Looks Promising Trading volume indicators suggest that there has been significant accumulation of KAVA coins near the support trendline. KAVA witnessed the highest trading activity in the last few months in the month of May. The KAVA coin is currently trading above the 50 simple moving average, with bulls pushing the price up. Historically, the 200-SMA has acted as a significant support and resistance level for sellers. The market is now waiting to see if the bulls can maintain their momentum and push the price of KAVA beyond the 200-SMA. The Relative Strength Index (RSI) has crossed the crucial threshold of 50 and is now steadily climbing towards the upper limit. This is an encouraging sign for potential buyers, who could benefit significantly if the coin manages to break through the current resistance trendline. However, we will still need to have Bitcoin at least ranging and not falling for a significant rally to occur.

Injective (INJ): A Top Performing Cryptocurrency Injective has been one of the top-performing cryptocurrencies this year. Let’s see what happens next! What is Injective? Injective is a blockchain designed for finance, powering DeFi applications such as decentralized spot and derivatives exchanges, prediction markets, and lending protocols. It offers core financial infrastructure primitives and a fully decentralized MEV-resistant on-chain orderbook. Its cross-chain bridging infrastructure is compatible with Ethereum and other blockchains. Injective uses the Cosmos SDK and a Tendermint-based Proof-of-Stake (POS) consensus mechanism, providing fast performance and transaction finality. It also provides a highly interoperable smart contract platform based on CosmWasm. INJ, its token, is used for protocol governance, dApp value capture, POS security, developer incentives, and staking. Injective’s Current Trend Injective (INJ) has been making waves in the cryptocurrency market, gaining 700% since the beginning of the year. INJ has stood out in the market due to its consistent upward trend, avoiding any significant periods of consolidation. Currently, it appears that INJ is pulling back to its support level of $5.00. This pullback will result in a 50% drop from its 2023 high. The $5.00 support level is expected to hold, and afterwards we may see INJ continue its uptrend towards the all-time high. For traders, one of the best aspects of INJ is its volatility. The daily candles of INJ are very large, which means that there is a lot of intraday volatility. This characteristic is a great advantage for day traders, as they can make quick returns. Conclusion: Injective has proven to be one of the top performing cryptocurrencies this year, offering consistent upward momentum and high intraday volatility. With its pullback to the $5.00 support level, traders should keep a close eye on the price action of INJ in the coming days.

MultiversX (EGLD) Showing Signs of RecoveryMultiversX (EGLD) has been showing signs of recovery after bouncing up from a support level of $40.00. In our last analysis, we identified this level as a key support level, and it has held the pullback so far. Currently, EGLD is on its way to the minor resistance level of $54.50. What is EGLD? MultiversX is a blockchain protocol that offers fast transaction speeds through sharding. It rewards community and active participants with EGLD tokens, which act as a store of value currency to pay for network usage and a medium of exchange between platform users and validators. EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform and empowers participants to perform any network action. EGLD also functions as a governance token, enabling holders to vote on network decisions. MultiversX was announced in August 2019, and its mainnet went live in July 2020. EGLD's Bullish Momentum While it's true that just bouncing up from a support level does not guarantee an uptrend, EGLD has been displaying strong volume in the past two days. This is a positive sign because in the past, every time EGLD had a bullish day with strong volume, it led to an uptrend. This indicates that we may see at least a limited uptrend in the coming days. So far, EGLD has not shown strong bullish momentum compared to the rest of the market this year. This makes it difficult to estimate where the rally will stop. However, this also means that we can expect a stronger rally later on in 2024-2025 when the rest of the market should reach its all-time high. This makes EGLD a promising investment for the long term. Bottom Line: In conclusion, MultiversX (EGLD) has been showing positive signs of recovery lately. The strong volume it displayed in the past two days indicates that we may see a limited uptrend soon. While EGLD has not shown strong bullish momentum so far this year, we can expect a stronger rally in the future. Investors who are looking for a promising investment for the long term may consider investing in EGLD.

Stacks (STX) has been one of the best-performing coins on the market this year. The token soared by nearly 500% from January 1st to its high of $1.31 only 18 days ago. However, like most cryptocurrencies, STX is now experiencing a pullback. In this analysis, we'll take a closer look at what's happening with STX and what investors can expect in the coming weeks. What is STX? Stacks is a Bitcoin layer for smart contracts, allowing decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. It unlocks $500B in BTC capital and has knowledge of the full Bitcoin state, with transactions automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower, making it difficult for hackers to re-order transactions. STX managed to break above the $1.00 resistance level that was previously identified in our analysis. However, it was unable to hold the price above this key level, so now it's coming back down. STX’s inability to sustain its price above resistance may indicate that the price level was too high for the market at the moment to sustain. Where does the pullback end? While STX is going through a pullback, the 100 Simple Moving Average (SMA) may halt the downturn. The 100 SMA acts as mobile support, preventing the price from falling below it in most cases. If the 100 SMA breaks, the next support level is around $0.50. It's essential to remember that the current pullback is a normal occurrence in the cryptocurrency market. After massive gains, most cryptocurrencies tend to experience a correction. Typically, coins that start a bull run strongly are the ones that advance the most overall. As such, investors should keep an eye on STX for the potential for another bull run coming in 2024-2025. Bottom Line: Stacks (STX) has been a high-performing cryptocurrency this year, but like all cryptocurrencies, it's experiencing a pullback. However, this is a normal occurrence in the crypto market, and investors should keep a close eye on the support levels and moving averages.

MAGIC is currently experiencing one of the strongest bull runs in the whole market. Let's see why! What is MAGIC? MAGIC is a utility token used as a cross-game currency to connect gaming communities in the Treasure Metaverse, a decentralized NFT ecosystem on Ethereum's Layer 2 scaling solution. It launched in September 2021 and serves as a reserve currency for the metaverse. Players can earn MAGIC tokens through gaming, mining, and participating in Treasure's games, including Bridgeworld, Beacon, and Realm. MAGIC's Crash and Recovery Unfortunately, like many other cryptocurrencies, MAGIC had a terrible year in 2022. It lost almost 97% of its value, which was one of the worst declines in the industry. However, after the November market crash, MAGIC's price began to turn around and slowly started a bull run. From November 2022 until the February 17, 2023, the token gained over 1,000%, which is one of the biggest rallies seen for a top 100 market cap coin. Despite this rally, the coin is still 65% below its all-time high, which was reached in February 2022. MAGIC Respects its Support and Resistance Levels One interesting feature of MAGIC is that it is one of the few altcoins that actually respects its support and resistance levels. Most altcoins go right through their previously established zones. However, MAGIC is different in this regard and is more likely to bounce off them. This means that technical analysis can be more reliable when trading this cryptocurrency. MAGIC's Current Price Action MAGIC has recently bounced off of the $1.00 support and is currently heading toward its current resistance at $2.25. If the price breaks above this level, it will probably head towards the next resistance at $3.50. Bottom Line: While MAGIC experienced a rough year in 2022, it has since shown signs of recovery and is currently in the midst of a significant bull run. Its unique feature of respecting its support and resistance levels may make it an interesting choice for technical traders.