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Bitcoin price gained momentum and settled above the $57,000 level against the US Dollar. BTC is likely to break the $58,500 resistance and start a strong rally.

Charted: Uniswap’s UNI Sets New ATH At $45, Why It Could Extend Gains Reading Time: 2 mins read Uniswap’s UNI gained momentum and traded to a new all-time high near $45.00 against the US Dollar. The price is likely to continue higher above $45.50 and $46.00 in the near term. UNI started a fresh increase after forming a base above the $40.00 level against the US dollar. The price is trading nicely above $42.00 and the 100 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $40.00 on the 4-hours chart of the UNI/USD pair (data source fr...

TA: Bitcoin Revisits Key Support, Here’s What Could Trigger Sharp Increase Reading Time: 2 mins read Bitcoin price extended its decline below the $54,000 level against the US Dollar. BTC is holding the $52,500 support, but it must clear $54,000 for a fresh increase. Bitcoin failed to stay above the $54,000 support and extended its decline. The price is now facing resistance near $54,000 and the 100 hourly simple moving average. There is a major declining channel forming with resistance near $54,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally ...

TA: Bitcoin Struggles Near $56K, Here’s Why 100 SMA Is The Key Reading Time: 2 mins read Bitcoin price spiked above the $56,000 resistance against the US Dollar, but it failed to continue higher. BTC is could correct lower, but the 100 hourly SMA is likely to provide support. Bitcoin extended its rise above the $55,500 and $56,000 resistance levels. The price is now trading well above $54,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $54,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip towards...

Charted: Dogecoin (DOGE) Eyes Fresh Surge Towards $0.40 Reading Time: 2 mins read Dogecoin started a fresh increase from the $0.2500 support against the US Dollar. DOGE is rising and the bulls seem to be eyeing an upside break above the $0.3500 resistance DOGE is holding the ground above the $0.3000 and $0.2800 levels against the US dollar. The price is trading nicely above the $0.3000 support and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.2950 on the 4-hours chart of the DOGE/USD pair (data source from Bitfinex). The pair could s...