• Economy
  • Investing
Long Distance Investing
  • Stock
  • Editor’s Pick
Stock

Stellar is recovering, Bitcoin Cash is back below $300.00

by August 6, 2024
written by August 6, 2024

Stellar is recovering, Bitcoin Cash is back below $300.00

A new low for the price of Stellar was formed yesterday at the 0.075736 level. 
The price of Bitcoin Cash fell again after a month below the $300.00 level.

Stellar chart analysis

A new low for the price of Stellar was formed yesterday at the 0.075736 level. With the price falling to this level, a new 12-month low was formed. After that, we were able to stabilize down there and initiate a recovery at the 0.088200 level this morning. There, we got the support of the EMA 50 moving average for further continuation on the bullish side. This led to the formation of a new weekly high at the 0.092000 level.

Investors can feel optimistic about Stellar’s potential recovery to higher levels. The 0.094000 and 0.96000 levels are within reach, with additional resistance at the 200 EMA at 0.094000. A bearish option would require negative consolidation and a pullback below the 0.088000 level, leading to a rise in bearish momentum. However, for now, the focus is on the potential higher targets of 0.084000 and 0.082000 levels.

 

Bitcoin Cash chart analysis

The price of Bitcoin Cash fell again after a month below the $300.00 level. We saw how a new low was formed yesterday at $273.33. After that, the price manages to stop further retreat. With two bullish impulses, we broke away from the support zone and started a recovery. This morning, a new high was formed at $330.00, and we were close to testing the weekly open price. For now, we encounter resistance there and make a pullback to the $315.00 level.

This is where the price of Bitcoin Cash could find new support to continue on the bullish side. Potential higher targets are the $340.00 and $360.00 levels. For a bearish option, we need negative consolidation, a drop below $300.00, and the daily open price. This confirms the return to the bearish page. Potential lower targets are the $280.00 and $260.00 levels.

 

The post Stellar is recovering, Bitcoin Cash is back below $300.00 appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
S&P 500 and Nasdaq under pressure from global events
next post
Entrepreneur Retirement Guide: Self-Employed Strategies

You may also like

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Kraken Rolls Out Commission-Free Stock Trading

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • Semtech Showcases Next-Gen LoRa® Technology at IoT Solutions World Congress 2025

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Categories

    • Economy (679)
    • Editor's Pick (348)
    • Investing (4,555)
    • Stock (820)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Longdistanceinvestings.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 Longdistanceinvestings.com

    Long Distance Investing
    • Economy
    • Investing
    Long Distance Investing
    • Stock
    • Editor’s Pick