Bitcoin Support Thins Below $78,000 As Cost Basis Clusters Shift Toward $95,000
Bitcoin’s price action in the past 48 hours has seen it approaching the $80,000 price level again, with risks of breaking to the downside. Looking at on-chain data shows a notable support level between $80,920 and $78,000 that must not be broken. Particularly, on-chain analytics from Glassnode point to a thinning of support at the…
Solana Price Faces Slowdown: Support And Resistance Levels To Keep An Eye On
Solana’s price action is being shaped by investor behavior at key price levels, as revealed by new on-chain data from Glassnode. Large clusters of traders have formed at both ends of the current trading range, which are now playing a central role in how Solana moves in the short term. This is especially true as…
Ethereum Holds Strong For Over A Year: Monthly Close Below This Level Could Be Catastrophic
Ethereum has struggled to gain momentum, remaining stuck below critical resistance for over a year. Despite multiple attempts, the second-largest cryptocurrency by market capitalization has been unable to break through key technical levels since the beginning of this year. Ethereum’s price action over the past two weeks has shown more weakness. An interesting analysis from…