Azeez Mustapha, Publisher at CoinCodex
Azeez is a technical analyst, specializing in cryptocurrency markets. With a deep understanding of technical indicators and market psychology, Azeez began his journey in the crypto world in 2019. His expertise lies in dissecting complex market patterns and translating them into clear, understandable forecasts and trading signals for his readers.
Azeez Mustapha Latest Articles
Following the recent price drop in the entire crypto market, NEO has suffered in the middle of consolidation after a rapid drop from $24. As of now, the token is priced at around $17.6. With the choppy outlook, the trading is waiting for the next drive which is likely to go bullish. We are about to see a bullish crossover on the daily Stochastic RSI.
The price of Basic Attention Token has continued to drop after touching $5 in April. The bearish pressure has led the market to the current trading price at around $0.309. As revealed on the daily price chart, the token is now following a bearish sentiment. The market has appeared inactive as well.
For the past three months, Cardano has been respecting an ascending wedge pattern as the market nears the angle of the trend line which brings the token to a trading price at $0.088 as of the time of writing. As of today, the token remains the tenth best performing cryptocurrency with a market cap of $2.3 billion.
Looking at the long-term perspective, we can see that OMG has been slowly moving upward since the bullish reversal at $1 in early February as trading remains in an ascending channel pattern.
XRP bulls have shown a strong commitment over the past few weeks, driving the market up to a $0.5 high before the price level was rejected. As of now, XRP trading seems to be consolidating below the $0.48 level for the past four days, and the coin is currently stable at around $0.47.
It has been a tough momentum for XRP market over the past weeks as the cryptocurrency struggles to break out of a trading range-bound which evolve between the $0.36 - $0.48 areas. In the past 24-hours, the price of XRP has surged near the $0.47 as the market currently trades around $0.455.
The price increase in the last 24 hours has pushed Ethereum above $280, which has been a tough level for the market for the past five weeks. Now, the question is if ETH can remain above this threshold. The answer to this question will surface if the daily candlestick manages to close above the mentioned price.
XRP has now seen a price increase above the $0.4 level, following the recent positive performance displayed by the cryptocurrency market. The weekly opening hit a high of around $0.472, and trading has currently stabilized around the $0.43 level. XRP trading continues to maintain a bull flag pattern for the past month.
XRP has seen a modest rise above the $0.4 level in the recent green market, showing signs of bull dominance. In addition, the third largest cryptocurrency has kept following the bullish flag pattern as the price action remains within the white trend lines. After testing the 50 level, the daily RSI has appeared rebounding high.
While trading within a channel formation, Ethereum saw seven days of bullish action after dropping to the $225 area on June 9. Now that the token has touched the $280 level, where the upper channel lies, we can expect a price rejection to test the $250 support. In fact, the daily Stochastic RSI is almost reaching the overbought territory, signaling that a potential drop may be around the corner.
