Binance Coin looked to revisit $38.72 as the price failed to hold up above its present resistance. Dash formed a symmetrical triangle on the charts and presented the possibility of a breakout above $135.69 resistance while SNX reversed course and fell by over 12% after hitting record levels. Binance Coin [BNB] Source: BNB/USD, TradingView Binance...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The Monero market has been descending over the past couple of days. The overall trend in the market has not been actively bullish, and for Monero the trend has turned to a bearish one....Read More
Litecoin struggled to break above its current resistance, and sellers pushed prices towards $133.03 support. VeChain retested $0.026 and moved lower as buyers struggled to maintain control of the price while ETC traded within a restricted channel and relied on broader market cues for its path forward. Litecoin [LTC] Source: LTC/USD, TradingView Most of Litecoin’s...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin Cash’s price has been noting a fall that began on the 16th of January and as the Bitcoin market fell under $35k, the BCH’s price has also mirrored this drop on the charts....Read More
The support of top payment giants like PayPal is promising for building the case of mainstream Bitcoin payments. However, Bitcoin’s rapidly increasing price in the USD poses a tough challenge for the adoption of Bitcoin denominated payment systems. A number of altcoins are rallying alongside Bitcoin, and making payments in cryptocurrencies may not be the...Read More
Cardano flipped the $0.32 to support and showed that it was on the verge of breaking past $0.385 resistance as it neared its 2-year highs. Cosmos posted rapid gains over the past few days and was retracing some of those gains. Basic Attention Token was rejected once more at a level of resistance that has...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The Ethereum market has been noting a series of surges and corrections. The last correction followed another ascending channel built up and as the value once again accelerated on the price scale, the market...Read More
After an action-packed week, Bitcoin is trading at $35468 after having endured a flash crash. However, the price action left traders asking why the flash crash in Bitcoin took place? Also, does this mean the rally is over and it was over-extended? As per the data, there may have been excessive speculation in Bitcoin’s price,...Read More
The cryptocurrency market has enjoyed the past several months with impressive gains, including all-time highs for bitcoin and several more tokens. As such, a couple of crypto analysts initiated Twitter polls to ask the community when they plan to sell their positions and realize profits. How Much Would You Sell At The Next BTC Top...Read More
Polkadot showed bearish divergence, and while a pullback isn’t mandated, some regions of support can offer good buying opportunities. Ontology was bullish on the charts and was likely to flip the $0.68 level to support, and FTX Token was unable to break past the $9.8 region over the past few days. Polkadot [DOT] Source: DOT/USDT...Read More
The latest headlines are filled with posts about Bitcoin’s halving and its impact on Bitcoin’s price. These are popular facts and repeated several times as arguments for Bitcoin’s recent price rally. The repetition may have become so cruel, that memes on these facts are doing the rounds on Crypto Twitter. But the real question one...Read More
Bitcoin Cash bounced between the $450 and $520 regions as neither buyers nor sellers were able to assert their dominance in the market. Zcash faced some short-term bearishness as it headed toward the $100 region of support, while Decred shrugged off last week’s drop and looked likely to flip the $60 level to support. Bitcoin...Read More
Chainlink saw a bearish divergence on the lower timeframe and experienced a minor dip to test the support at $19.8, but its long-term outlook is strongly bullish. IOTA appeared to invalidate a bullish pattern and could be headed to $0.4 support in the coming hours while Compound continued to register gains. Meanwhile, in the case...Read More
In a 60-hour window between 4th and 7th January, Stellar witnessed an unprecedented growth of over 200%, reaching a yearly high of $0.414 in the charts. The bullish momentum slowed down, but XLM has continued to hold a stronger position above the support of $0.273. At press time, Stellar had a market cap of $6.5...Read More
China is preparing a consequent major take on blockchain adoption. The country is developing a new project aimed at integrating international central bank digital currencies (CBDC) as a part of their recent blockchain endeavor, the BSN. Building a Universal Digital Payment Network as part of 2021 Outlook The country’s national blockchain project, Blockchain Service Network...Read More
Bitcoin’s price was stumbling to lower levels after it hit an all-time high of $42k. The largest digital asset managed to retrace its steps to $38k recently, before witnessing another fall. However, this time around, this drop in price was an opportunity for the institutions to bag even more BTC. Grayscale has been one such...Read More
The demand and supply have been holding up the economics of traditional finance and the crypto market has also been abiding by it. Bitcoin, which managed to return over 300% in 2020, has been recognized as a store of value by many investors as they continue to include a high number of Bitcoin in their...Read More
XRP was unable to breach the $0.3 level of resistance as it traded in the $0.28 region, even as announcements of it being delisted from popular exchanges rolled in. Tron flipped a level of resistance to support but did not possess strong upside momentum, and Dogecoin was quiet on the charts as well. XRP Source:...Read More
