After Bitcoin forfeited the $33,000-mark, altcoins such as Stellar Lumens, Cosmos, and Zcash moved within a range and awaited further signals from the market leader to make a stronger move on the charts. Stellar Lumens [XLM] Source: XLM/USD, TradingView Stellar Lumens moved within the tight channel of $0.28 and $0.26 as trading volumes remained subdued...Read More
Bitcoin’s price bounced back on the charts after undergoing yet another price correction, with the same settling above the $32,000-price level, at press time. In fact, after seeing its value fall by over 15 percent on the 20th of January, the coin was on its way to breach its immediate resistances at the $33,000 and...Read More
Bitcoin Cash traded close to the $426.4-support level and awaited cues from Bitcoin for a definitive move forward. SNX moved back above its $14.2-support level, but lacked the volume to rise higher on the charts. Finally, DASH cut its losses at the $94.6-support and eyed a move above the resistance level at $109.7. Bitcoin Cash...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice XRP consolidated under the $0.3-level of resistance on the price charts. In fact, it fell under this level in late December following news of the SEC lawsuit against Ripple, one that legally contests the...Read More
Binance Coin cut its losses at $38.46, with the market’s bulls looking to target a break above $41.78. REP moved between $21.73 and $20.6, but a shift in momentum towards the bearish side could see the price test its press time support level. Finally, COMP rose above its 50-SMA but it was unlikely to maintain...Read More
The volatility that drove Bitcoin’s price below $31,000 has now brought it up to the $33,000-level, based on CoinMarketCap. In previous market cycles, the volatility has shown a cyclical nature. However, in the current market cycle, it depends on the momentum and activity of institutional investors. Back in 2018, there was institutional participation. Alas, the...Read More
Since Bitcoin hit its ATH, analysts and traders have been anticipating a price drop/correction before a prolonged price rally to buy some more. This is one of the popular upsides of the current price drop in Bitcoin and Ethereum. Source: Coinstats As Bitcoin and Ethereum’s price rallies retraced and the trend reversed momentarily, the ratio...Read More
Tron showed that it was likely to rise to $0.03 within the next 24 hours to test it as resistance and possibly flip it to support. Waves was quite volatile in the market, but it looked keen to head towards the $7-level. Finally, Dogecoin witnessed some slight bearish pressure over the past couple of days....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum’s price registered a new ATH on the charts recently. However, despite corrections setting in and its high correlation with Bitcoin, ETH managed to keep its losses to a minimum over the past...Read More
What is the way out of the short-lived bear market? Is it swing trading or HODLing? Though different parties have different answers, what everyone can agree on is the fact that the altcoin market capitalization heads south every time there is a drop in Bitcoin’s price. This can partly be attributed to the correlation between...Read More
Bitcoin SV was trading within a descending channel and selling pressure was likely to see it drop beneath an imminent level of support. Basic Attention Token broke out of a range and looked to flip another level of resistance to support. FTX Token saw a tussle between the bulls and the bears as it traded...Read More
2021 has proven itself to be quite a promising year for Bitcoin, with its price action on the charts enabling it to register new ATHs. However, over the past 7 days, the bullish momentum has faded, with Bitcoin retracing all way from around $41k to where it stood at press time ($32,600). However, does the...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Chainlink’s price has risen substantially through the course of 2021. In the past week alone, the cryptocurrency saw its price hike by close to 8 percent in a 24-hour period, with renewed bullish momentum...Read More
Monero, DigiByte, and OMG Network told pretty similar stories on the price charts. The bulls did not show they had the strength yet to effect a climb past their imminent levels of resistance. Monero [XMR] Source: XMR/USDT on TradingView The Fibonacci Retracement levels for XMR’s move north from $128 to $190 gave some important levels...Read More
Soon after Ethereum’s price went past the crucial $1400-level a few days back, it fell down the charts. However, despite the scale of price corrections, the cryptocurrency was continuing to trade close to its ATH with a trading price of $1,255, at press time. Over the past few days, two of Ethereum’s key metrics also...Read More
EOS formed a scallop pattern on the charts and a drop below $2.55 could see it go as far south as $2.3 over the next week. Algorand flipped a level of resistance to support and showed signs of bullishness as it approached the $0.55-region. Finally, YFI rose above $30,000 but can see a minor dip...Read More
Bridging the gap between traditional finance and DeFi protocols seems to be the need of the hour, and Chainlink’s recent integrations seem to be facilitating just that. Blockchain-powered Fintech company COTI recently launched a new Crypto Volatility Index (CVI) for DeFi, one that enables traders to profit from market volatility. The company is in the...Read More
