$XRP has formed another triage and a #breakout to the upside would mean touching the resistance at $1.29 which it'll most likely fly past so the next target would be $1.70.

If XRP breaks down, have no fear! A pull back is overdue which will most likely touch our bullish #trendline around $0.95 - $1.00.

The market is currently in an indecisive state, awaiting some news which may tigger a move in either direction.

Trade carefully and manage your risks!
#ANALYSIS

In the latest $NEIRO /USDT chart, there appears to be some bearish pressure following the recent peak at $0.00311729. Here’s an updated analysis based on the current price movement:

Key Observations:

1. Downward Movement from Recent High:

The price has pulled back significantly from the peak of $0.00311729, which now serves as a strong resistance level.

The price is currently trading around $0.00211558, indicating a correction within the ascending channel.

2. Ascending Channel Integrity:

The price is still within the broader ascending channel but is now closer to the lower boundary. This level could provide support, but a break below it might indicate a potential trend reversal or further downside.

3. Moving Averages (MA):

The MA7 (Yellow) has crossed below the MA25 (Pink), signaling short-term bearish momentum. This crossover suggests that selling pressure is dominating the current market sentiment.

The MA99 (Purple) is relatively flat, indicating a potential consolidation phase if the price stays around this area.

4. Support and Resistance:

Resistance: The previous high at $0.00311729 remains a key resistance. Another resistance level is around $0.002214002, which may prevent further upward movement in the near term.

Support: The lower boundary of the ascending channel and the level around $0.00193129 may act as supports if the price continues to drop.

5. Volume:

The volume has decreased from the recent peak, suggesting that buyers may be waiting for a clearer trend before re-entering.

Future Analysis:

Bullish Scenario:

If the price holds above the lower boundary of the ascending channel and manages to bounce back, there could be a retest of resistance levels at $0.002214002 and possibly $0.00311729.

A return of buying volume would support this scenario, and a bullish crossover in the moving averages could confirm an upward momentum.
Bearish Scenario:

If the price breaks below the ascending channel and $0.00214002 support level, it could lead to a more extended downtrend. A drop to $0.00193129 or lower would signal stronger bearish control.

Conclusion:

The price is currently in a corrective phase within an ascending channel, with bearish pressure from the recent high. Holding the support at the lower boundary of the channel will be crucial to maintain the uptrend. A break below this channel would suggest further downside, while a strong bounce could indicate a potential recovery. Watch for changes in volume and MA crossovers to confirm the direction of the next move.
#NeiroOnBinance #CryptoNewss #CryptoNewsCommunity #ANALYSIS #10MTradersLeague

In the latest $NEIRO /USDT chart, the price reached a new high at approximately $0.00311729 and has since pulled back slightly. Here’s an updated analysis based on the recent price action:

Key Observations:

1. Uptrend Continuation:

The price has continued its upward trajectory after breaking out from the descending trend line. The strong bullish momentum took the price to a peak near $0.00311729, which may now act as a resistance level.

2. Ascending Channel:

The price remains within the ascending channel, bouncing off both the upper and lower boundaries. This channel indicates a steady uptrend, and as long as the price stays within or near this channel, the trend remains intact.

3. Moving Averages (MA):

The MA7 (Yellow) is above the MA25 (Pink), a positive sign for short-term momentum. However, both MAs are now leveling off slightly, indicating some consolidation or a minor retracement.

4. Support and Resistance:

Resistance: The recent high at $0.00311729 is a key resistance level. If the price breaks above this level, it could signal a continuation of the uptrend.

Support: The nearest support level appears to be around $0.00214002. If the price pulls back further, this area may provide a bounce.

5. Volume:

Volume has decreased slightly compared to the recent breakout, suggesting that buyers might be taking profits or waiting for a clearer direction.

Future Analysis:

Bullish Scenario:

If the price can maintain its position within the ascending channel and break above $0.00311729, it could continue its uptrend, potentially reaching higher targets around the upper channel boundary.

A sustained increase in volume would support this bullish outlook.
Bearish Scenario:

If the price fails to break above $0.00311729 and starts to drop below the lower channel boundary, it might lead to a more significant pullback. A decline below $0.00214002 would be a bearish signal, suggesting a potential trend reversal or consolidation.

Conclusion:

The price is currently in an uptrend but is facing resistance near the recent high. A breakout above $0.00311729 could signal further upside, while a pullback to $0.00214002 could provide support for a potential bounce. Monitoring the volume and channel boundaries will be crucial for confirming the next move.
#NeiroOnBinance #CryptoNewss #CryptoNewsCommunity #ANALYSIS #10MTradersLeague

Date: Sat, Nov 09, 2024, 07:02 AM GMT
The crypto market is on a bullish run as Bitcoin (BTC) has hit three new all-time highs over the past three days, reaching an unprecedented $77,000 today. This surge comes on the heels of Donald Trump’s re-election, during which he publicly expressed strong support for cryptocurrencies, sparking renewed investor enthusiasm.
This wave of bullishness has spread across the altcoin market, with several major tokens preparing for significant rallies. Two standouts are Balancer (BAL) and Ren (REN), both of which have shown impressive gains in the past 24 hours and seem positioned for further upward momentum.

Source: Coinmarketcap
Prominent crypto analyst @ZAYKCharts has provided insights into these altcoins, pointing to major breakouts and the potential for sustained rallies. Let’s dive into the technical analysis for each.
1.Balancer (BAL)
According to analyst, Balancer has confirmed a breakout above the $2.00 level, a key resistance that had previously capped its price for weeks. This trendline breakout signals a potential trend reversal, indicating that $BAL may have more room to run. The breakout is backed by strong volume, a positive indicator of investor interest in the token.

Source: @Zaykcharts (X)
If BAL continues to maintain its momentum, it could target the $3.20 level, representing a potential 60% gain from its current price.
2.Ren (REN)
$REN has also shown promising signs with a breakout from its descending channel, a pattern that typically signals a shift from bearish to bullish momentum. Breaking through the $0.035 level with strong support suggests that Ren could see a significant upward trend.

Source: @Zaykcharts (X)
With momentum building, Ren is setting its sights on a potential target of $0.061, which would equate to a 70% gain from the current price. This bullish breakout aligns with the general market sentiment and could attract additional buyers in the coming days.
Final Thoughts
With Bitcoin leading the way and investor sentiment riding high after Trump’s pro-crypto stance, altcoins like Balancer and Ren are well-positioned for potential gains. Both tokens have achieved confirmed breakouts and, based on technical analysis, could see significant upward momentum in the short term. However, as with all investments, these moves come with risks, and it’s essential to monitor the broader market for any sudden shifts in sentiment.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.
#ANALYSIS

Hey Everyone💚After a catastrophic dump of 10% in less than 15 minutes, BTC is poised to regain its lost momentum back. 🔥Bears are holding their clutches tightly to dive in more deeper and snatch BTC from the loose hands. The same bears are gonna buy your BTC at a cheaper price. Don’t let them buy your BTC ❎, hold tight in your spot trades. ‼️Here’s the Key support and Resistance levels for $BTC ,New support - 41,300New Resistance - 42,800If BTC falls below 41,300 it can dump to 39,500 region or below. You can expect bullish momentum back if there is a breakout in the resistance area of 42,800.✅Spot traders no need to worry. BTC is going way upper than you thought of🔥. But those of you trading in future, be cautioned. Crypto market is volatile, stay vigilant ‼️2 minutes silence for those who’re passing by. Don’t be a loose finger, hit the like button!😉Cheers 🍻 #BinanceTournament #BTC #ANALYSIS #ETFRally