Bitcoin bounces to $90,500 after testing key support of $89,200
The early rally to start the year failed to break past $95,000, setting the stage for the current pullback, according to one trading firm.
Support
BTC might have to spend time below $80,000 to build support
By checking the past five years of bitcoin BTC$87,693.88 CME futures trading data, it is possible to assess where that crypto has historically spent time consolidating and, by extension, where support has been more or less established. One useful way to frame this is by… Read More
Filecoin (FIL) falls on above-average volume, drops below $1.30 support amid wider slide
Filecoin FIL$1.2693 fell 4.2% to $1.28 on Tuesday amid significant volatility as traders drove sharp reversals during a broader market decline, according to CoinDesk Research’s technical analysis model. The model showed that the decentralized storage token established a bearish price trend with $0.08 range representing… Read More
These Three Metrics Show BTC Found Strong Support Near $80,000
Bitcoin BTC$90,096.68 has so far bounced above $90,000, 15% higher from its Nov. 21 low of around $80,000, with price finding confluence support across three important cost basis metrics: the 2024 yearly volume weighted cost basis, the True Market Mean, and the average U.S. spot… Read More
DOT Sinks 2% After Breaking Key Support
DOT$1.9758 suffered a technical breakdown during Friday’s session as the token plunged from a high of $2.09 to $1.97, erasing its previous rally momentum. The decline occurred on heavy volume that reached 284% above normal levels, according to CoinDesk Research’s technical analysis model. The model… Read More
Filecoin (FIL) Price News: Losing Support
Filecoin FIL$1.3804 fell 7.3% in the past 24 hours, dropping from $1.48 to $1.38 as decentralized physical infrastructure tokens spearheaded a sector-wide liquidation. The storage protocol established a clear downtrend with consecutive lower highs from its Dec. 10 peak at $1.55, according to CoinDesk Research’s… Read More