Latest news with #Ichimoku
Yahoo
3 hours ago
- Business
- Yahoo
Pi coin breaks out of the range but faces resistance
Pi coin breaks out of the range but faces resistance originally appeared on TheStreet. Pi (PI) is a native token of Pi Network, a cryptocurrency project that aims to make crypto and blockchain technology more accessible to the masses. Pi/USDT reached resistance at the upper trading range of $0.648 to $0.656 between June 2 and June 4 and continued above on increased volume to test a down Bullish cross over in the Ichimoku cloud, also supporting momentum, while Stochastic RSI above 80 indicated overbought territory. MACD signals are mixed, trading around the zero level with a slightly negative histogram, suggesting that bulls are hesitant. The current value of Pi is $0.6553 , and it has found support at $0.6494. It is on the 4-hour chart and stands above the 20-EMA, which implies a bullish near-term structure, but it is capped by the resistance of the 50-day SMA ($0.714) and the 100-EMA ($0.6774). On the daily timeframe, Pi remains confined within a descending triangle, and its bearish setup will only be invalidated if it closes convincingly above $0.675. Zypto App's adoption of Pi - The XRP and DASH topping VISA card — has multiplied its practical use across payments. Furthermore, a new blockchain-integrated game called "FruityPi" is set to go live as well, increasing the gaming use case of the token. At a neutral Fear & Greed Index reading of 57 and decreasing 24h volume (-32%), traders are cautiously optimistic. A clear move above $0.675 might call for a test of $0.72, but a break below $0.649 could spark a fresh decline. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please do your own research and consult with a licensed financial advisor before making any investment decisions. Pi coin breaks out of the range but faces resistance first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
SHIB Under Pressure, Below Ichimoku Cloud After High-Volume Overnight Selling
Shiba inu SHIB, the world's second-largest meme token by market value, trades in the bearish territory below the Ichimoku cloud after facing high-volume selling overnight. The Ichimoku Cloud, a technical indicator developed by a Japanese journalist in the 1960s, is used to analyze market trends, identify support and resistance levels, and gauge momentum. It is composed of several lines and a cloud-like area, all of which provide insights into potential price movements. Crossovers above and below the cloud represent bullish and bearish shifts in market trends. SHIB experienced high-volume selling at key resistance at 0.00001307 on Sunday between 6:00 and 22:00 UTC, and subsequently fell back to 0.00001274, staying in the bearish territory below the Ichimoku cloud. Geopolitical tensions and shifting trade policies continue to influence cryptocurrency markets, with Shiba Inu (SHIB) demonstrating resilience amid broader economic uncertainty. While maintaining its newly established higher range, SHIB faces significant resistance as global trade disputes impact investor sentiment across both traditional and digital asset classes. Key resistance emerged at 0.00001307, with high volume selling pressure during the 16:00 and 22:00 sessions. Strong support formed at 0.00001275, backed by above-average volume during the 03:00 reversal. In the last hour, SHIB experienced significant volatility with a notable price surge from 0.00001289 to 0.00001293 during the 07:13-07:19 bullish momentum reversed sharply at 07:27, when prices dropped 1.2% to 0.00001283, forming a clear resistance zone around 0.00001293. The final 30 minutes showed consolidation between 0.00001283 and 0.00001285, with decreasing volume suggesting exhaustion following the earlier volatility. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Dogecoin Finds Support After Sharp Drop as Bulls Regain Momentum
Dogecoin's recent price movement shows a classic battle between bears and bulls, with the meme cryptocurrency finding stability after a significant downtrend. The coin experienced a 9.7% drop from $0.237 to $0.214 before buyers stepped in at key support levels. This buying pressure has created what analysts describe as a "panic zone retest" around the $0.215 mark, which has so far held firm against selling pressure. Market structure indicates DOGE is currently navigating a falling wedge pattern, typically considered a bullish reversal formation when broken to the upside. The Ichimoku cloud on short-term charts shows price lodged in equilibrium territory, with multiple technical indicators converging to create tight reference levels between $0.212 and $0.225. For traders, the immediate focus remains on whether DOGE can break above the descending trendline resistance near $0.219-$0.220. A decisive move above this level could target the $0.235-$0.244 range, while failure to hold current support might see prices retreat toward $0.20 or even $0.185 in the near term. Technical Analysis Highlights DOGE formed a descending channel with clear resistance at the $0.235 level, where selling pressure consistently emerged. A notable support zone developed around $0.215-$0.217, confirmed by increased volume during the 13:00 hour. V-shaped reversal pattern formed with the bottom at $0.215 around 13:14, followed by steady accumulation. Volume significantly increased to over 10 million units around 13:30, triggering a sharp upward movement. New support zone established at $0.218, with multiple high-volume candles confirming strong buying interest. Overall price action suggests bearish momentum with intermittent consolidation phases. External References "Dogecoin Price Tests Panic Zone At $0.21, Breakdown Could Lead To Price Crash", NewsBTC, published May 19, 2025. "Dogecoin (DOGE) Price Prediction for May 20", Coin Edition, published May 19, 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
15-05-2025
- Business
- CNBC
Healthcare shares are under pressure lately, but one stock is separating from the pack
Investors are generally avoiding the health care sector, and for good reason. While the Health Care Select Sector SPDR Fund (XLV) outperformed the S & P 500 and Nasdaq 100 through the end of April, May has meant disaster for pharmaceutical companies following the White House executive order on lowering drug prices. With the S & P 500 and Nasdaq 100 now trading back above their 200-day moving averages, and stocks like Eli Lilly & Co (LLY) and Johnson & Johnson (JNJ) feeling the pain of regulatory pressure, it's reasonable to expect very few opportunities in this former high-flying sector. However, a quick scan for stocks in the health care sector making new three-month highs yielded a number of promising charts showing improved technical characteristics. Separating from the pack? Let's review one of those names, HCA Healthcare (HCA) , and see how improved price momentum could lead to further gains. The daily chart of HCA shows how long it took for this health care provider to eclipse its 200-day moving average. After the first test in Q1, there were three additional failed attempts to push above this long-term trend barometer. Finally, at the end of April, HCA pushed above the 200-day and has now moved up to retest the price gap from October 2024. Note how the Relative Strength Index (RSI) stalled out around 60 during earlier attempts to push above the 200-day moving average. When HCA finally pushed above the 200-day, the RSI moved above the 60 level, showing positive momentum characteristics more common in bullish trends than bearish phases. The weekly chart suggests that this recent upside breakout was the result of a larger cyclical rotation from the pullback in late 2024 to a renewed uptrend phase: The weekly PPO, shown in the bottom panel, gave a buy signal in late February as HCA was nearing its 150-week moving average. We can see a similar pattern with the PPO indicator and moving average support in Q4 2024 and Q3 2022. In each instance, a pullback to the 150-week moving average was soon followed by a PPO buy signal to signal an "all clear" and a resumption of the primary uptrend. How can we manage risk as HCA retests the price gap from late 2024? Using the Ichimoku cloud model, we can see a dramatic break above cloud resistance in March, followed by a test of cloud support at the April low: There could be further pullbacks along the way, but as long as HCA remains above this cloud support zone, the primary trend appears bullish. - David Keller, CMT DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
Yahoo
09-05-2025
- Business
- Yahoo
DOGE, XRP, ETH, SOL Follow Bitcoin Through the Cloud as Altcoin Momentum Builds
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. About two weeks ago, I discussed bitcoin's (BTC) bullish breakout above a technical resistance called the Ichimoku cloud and potential for a rally to $100,000. This week, the cryptocurrency obligingly surged into six figures. Now, top alternative cryptocurrencies such as memecoin DOGE, payments-focused XRP, the Ethereum blockchain's ether (ETH) and Solana's SOL have also crossed above the cloud, flashing bullish signals. The analysis, developed by a Japanese journalist in the 1960s, is used to identify support and resistance, momentum and trend change in price actions. The indicator comprises five lines: Leading Span A, Leading Span B, Conversion Line or Tenkan-Sen (T), Base Line or Kijun-Sen (K), and a lagging closing price line. The gap between the first two lines makes the cloud. Crossovers above and below the Ichimoku cloud are taken to represent bullish and bearish shifts in momentum. The chart shows XRP and DOGE moving above their respective Ichimoku clouds, signaling more gains. In XRP's case, the breakout shifts focus to resistance at around 30 cents, characterized by the trendline falling from February highs. DOGE is trading close to its bear market trendline, which, if topped, would expose resistance at $3.02, the lower high created on March 2. In ETH's case, the breakout has opened the doors to the 200-day simple moving average (SMA) at $2,700. Meanwhile, SOL may encounter resistance at $218, the 61.8% Fibonacci retracement of the January to April sell-off.
