AxiomEx

AxiomEx

Shiba Inu price analysis revealed the market following a bearish trend as the market volatility decreases as the market closes, forcing the resistance and the support to move closer to each other; now, it is less prone to volatile change of either exchange. Consequently, the upper limit of the Bollinger’s band is present at $0.00002572, which acts as the strongest...

AxiomEx

Bitcoin price analysis is bullish today as we expect reversal from the $39,000 support to follow after more selling was seen yesterday. Likely BTC sellers are now exhausted, and bulls are ready to take over again. BTC traded in a range of $38,777 – $40,927, indicating substantial volatility over the last 24 hours. Trading volume has declined by over 22 percent,...

AxiomEx

Ukraine’s government opened a Dogecoin wallet for donations on Wednesday after beginning to collect donations through Bitcoin, Ethereum and Tether USDT on Feb. 27. As of about 5 p.m. on Wednesday, the government in Ukraine and the Non-Governmental Organization “Ukraine-2050,” had raised $54.7 million in crypto donations. Dogecoin co-creator who regularly rallies...

AxiomEx

Bitcoin price analysis is bearish today as we have seen upside rejected again after bulls did not stop yesterday. Since another strong rejection candle formed at $45,000, we assume BTC has likely peaked and now heads to retrace. The market has seen mostly bullish results over the last 24 hours. The leader, Bitcoin, gained 1.5 percent, while Ethereum 1.27 percent....

AxiomEx

Bitcoin has been stabilized by the growth in the market resulting from the influx of US capital. The primary reason Bitcoin was lagging in gains was the sluggishness of the US dollar due to increased inflation. Bitcoin has continued to grow for the past couple of days, and if the influx continues, it might soar even higher. The data for the last 24 hours shows...

AxiomEx

Tesla shares are trading higher Monday alongside other EV companies as the Russia-Ukraine conflict is causing European countries which depend on Russian oil to look to other places for their energy. The stock made a bounce off support a couple of days ago, has seen a strong bullish push since, and is now heading toward resistance. Shares are trading in a...

AxiomEx

Ethereum Classic is trading higher Friday as the crypto market pushes higher, bouncing back from a couple of days' losses. Ethereum Classic trades higher alongside Ethereum ETH and Bitcoin as they lead the market higher. The crypto was unable to cross back above the $40 level and held the area as resistance. It then saw a period of downward movement for a couple...

AxiomEx

Dogecoin has been trading in a falling channel since Feb. 8, making a consistent series of lower highs and lower lows as it slides lower in a downtrend. The falling channel pattern is considered to be bearish until a stock or crypto finds a bottom within the channel and big bullish volume comes in and breaks the stock or crypto up from the upper descending...

AxiomEx

Bitcoin is trading higher Thursday, bouncing after seeing a strong dip when reports first hit that Russia invaded Ukraine. Bitcoin now sits below $40,000, a key level that has held as both support and resistance in the past. The cryptocurrency saw a day of above-average volume, showing that the crypto could be pushing higher once again. Bitcoin turned around and...

AxiomEx

BTC traded in a range of $37,513 – $39,122, indicating strong volatility over the last 24 hours. Trading volume has declined by 26 percent, totaling $21.14 billion, while the total market cap trades at $734.9 billion, resulting in a dominance of 41.65 percent. On the 4-hour chart, we can see the Bitcoin price experiencing slight rejection from the $39,000 mark,...

AxiomEx

Ripple price analysis is giving bearish hints today, strong resistance is present at $0.717, strong support for XRP is found at $0.654.The most recent Ripple price analysis is looking bearish today as it shows negative results for the buyers as the price has now receded down to $0.690 after a considerable decline in the last 24 hours. Today the price function is...

AxiomEx

Tesla began trading in a downtrend on Feb. 11 and has printed a consistent series of lower highs and lower lows, although volatility in the stock has recently been waning. Tesla’s most recent lower high was printed on Feb. 16 at the $926.43 mark and when the stock bounces bearish traders will be watching for Tesla to form a bearish reversal candlestick below that...

AxiomEx

Apple confirmed it is trading in a downtrend on Friday when the stock printed a lower low under the Feb. 14 low-of-day at the $166.56 mark.The most recent lower high was formed at the $173.44 level on Feb. 16 and bearish traders will be watching to see if Apple prints a reversal candle below that level on the next bounce higher to indicate the downtrend is likely...

AxiomEx

Bitcoin was falling almost 5% lower on Sunday on fairly high volume, which indicates the break-down Friday from a rising channel may have now been recognized. Bitcoin may fall to back test a descending trendline which the crypto broke up through on Feb. 3. The area may provide a pivot back to the upside in the future. Bitcoin has resistance above at $39,600 and...

AxiomEx

Ethereum was falling over 4% at one point on Friday as inflation fears, the likelihood of rising interest rates and Ukraine/Russia news continues to spook the markets. Gold, considered a safe-haven asset, has been rising steadily in comparison, which indicates in times of economic uncertainty. Cryptocurrencies are still considered risky, despite many arguing...

AxiomEx

Bitcoin is trading lower Thursday and will need to see a bounce off a key level. The crypto is trading in a sideways channel and has fallen to the $40,000 support level.  Bitcoin is falling back toward the $40,000 level and wants to bounce back. If the crypto can hold this level it may start pushing more bullishly as it is forming higher lows. Resistance may be...

AxiomEx

While Ethereum was trading lower most of Wednesday — cooling off after having a strong green day yesterday — the crypto took a turn in the late afternoon and is trading slightly up again. The crypto has been rebounding the past few weeks after seeing a strong bear market for a couple of months. The crypto has been nearing resistance and could see a breakout in...

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Solana is trading higher Monday as it looks like it could be at the start of a bounce. The $85 area has been a key area on the chart in the past and the crypto is looking to hold above this area once more. Falling volume may show the downward trend of the past few days is coming to a halt. Solana bounced off support in a sideways channel as it has had a strong...