|

Top 3 Coins Price Prediction: BTC/USD and ETH/USD face lack of resistance levels – Confluence Detector

Top 3 coins daily confluence detector

fxsoriginal

Bitcoin

  • Open: $9,806.63 
  • Current Price: $9,872.50

BTC/USD has a lack of strong resistance levels on the upside, giving bulls a clear path to $11,000. On the downside, there are three healthy support levels at $9,700, $9,500 ad $8,750. 

$9,700 has the one-hour SMA 50, 15-min SMA 200, one-week Pivot Point resistance-one and one-day Fibonacci 38.2% retracement level, while $9,500 has the Previous week and month highs. Finally, $8,750 has the one-week 38.2% and one-month 23.6 Fibonacci retracement levels.

Ethereum

  • Open:  $211.53
  • Current Price: $213.20 

ETH/USD has a lack of strong resistance, giving the buyers a clear path to $240. Price has healthy support at $191, which has the one-day SMA 100, one-month Fibonacci 38.2% retracement level, one-day Pivot Point support-two and Previous week low.

Ripple

  • Open: $0.2187 
  • Current Price: $0.219

The $0.2375 resistance level has the Previous week and month high. On the downside, the lone support level is at $0.2055, which has the one-day Pivot Point support-two and the one-day Bollinger Band middle curve.
 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
Share:

Editor's Picks

Ripple recovery runs into headwinds amid fading retail and institutional interest

Ripple (XRP) holds slightly above $1.30 on Monday, with short-term recovery prospects fading. Strong structural resistance toward $1.40 continues to cap upside, raising the risk of further downside below $1.30.

Crypto Today: Bitcoin, Ethereum, XRP extend recovery despite ETFs outflows

Bitcoin edges higher above $82,000, building strong structural support despite roughly $229 million in ETF outflows last week. Ethereum recovers above $2,400 as bulls strive to regain trend control, backed by a subtle recovery in momentum indicators.

Pi Network Price Forecast: Weak momentum and waning demand reinforce downside bias

Pi Network edges lower on Monday, risking a bearish conclusion to its short-term consolidation above the $0.0774 horizontal support. A steady decline in the notional value of active PI futures contracts and the weekly spot trading volume suggests reduced retail demand.

Zcash Price Forecast: Downside risk looms as ETF outflows and falling Open Interest weigh

Zcash (ZEC) edges higher on Monday after three consecutive weeks of bearish closes totaling roughly 30% losses. The privacy coin is losing institutional confidence with three straight weeks of outflows, while retail speculation eases as ZEC futures Open Interest declines to a 30-day low.

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains
Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.