Cardano was trading within a range from $0.32 to $0.38 and showed signs of being in a consolidation phase. SushiSwap was bullish on the charts and likely to go past $10, while IOTA found support at the $0.39 mark but lacked interest from buyers to attempt another move past $0.45. Cardano [ADA] Source: ADA/USDT on...Read More
Ethereum was consolidating under its all-time high and traders eagerly anticipated a breakout past this final level of resistance. Aave showed bullish momentum and could post further gains past $300, and does not yet hint at a pullback on its rally. Dogecoin sent users into a rapture, apart from those who bought the absolute top....Read More
Cardano was unable to break above $0.367 but the overall trend was still bullish as the candlesticks remained above their 20-SMA and 50-SMA. Cosmos traded close to its immediate resistance and indicated the likelihood of an upward breakout as the indicators flashed bullish signals. Dogecoin cut its losses at $0.024 and was projected to move...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 second-largest cryptocurrency, Ethereum [ETH] has remained unimpacted by Bitcoin’s volatility over the past couple of days. The value of the digital asset has managed to stay above the $1,322 support and was currently...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 Bitcoin-Cash market like the Bitcoin market has been witnessing restricted movement. The digital asset was priced at $405 at the time of writing but was heading lower on the price scale. Meanwhile, the...Read More
Chainlink traded at the mid-point of its immediate resistance and support but flashed bearish signals at press time. Synthetix scaled past another record level as the bullish cycle was projected to last for a few more sessions. Decred cut its losses at $61.5 support and eyed a move back towards its present resistance mark. Chainlink...Read More
A lot happened over the past week, as Bitcoin experienced one of its most volatile periods in terms of price and futures trading. While there weren’t any major dips or rallies, the constant change of sentiment may have tested the trader’s resolve and a particular incident reminded the crowd about Bitcoin’s reactive nature. 22nd-29th January:...Read More
XRP sustained its northbound move on the charts and traded close to the $0.444 resistance at press time. AAVE remained within its parallel channel, with a breakout unlikely over the coming sessions and IOTA found support at $0.416 and registered some sideways movement. XRP Source: XRP/USD, TradingView XRP maintained its upward trajectory on the charts...Read More
It has been another bullish week for Binance Coin as the asset rallied from $36 on the 22nd of January, to $44 on 31 January. While the token has been here before, on the long-term chart, the potential of another correction arises. At press time, Binance Coin had a market cap of $6.9 million, as...Read More
Even though Bitcoin moved closer to the $34,000 level and saw some positive movement on the charts, some altcoins remained cautious and awaited stronger cues for a more definitive move. Such was the case with ETH and TRX, both of which were moving sideways at the time of writing. On the other hand, SUSHI showed...Read More
Litecoin failed to rise above its 200-SMA and traded close to its support at $130. Tron seemed to be under a correction as prices cooled off after touching a local high. Elrond snapped yet another all-time high, but the indicators pointed towards a bearish pullback. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin was unable to break...Read More
Even though the Bitcoin market is looking for a way to stabilize, the altcoins are seen marching higher above the price candles. Most altcoins were noting high volatility as the trend in the market changes. Binance Coin [BNB] Source: BNBUSD on TradingView The Binance Coin [BNB] market has been witnessing the price note higher highs...Read More
At the time of writing, Bitcoin was back at square one trading within the $32,000-$34,000 range, after the Elon Musk-inspired hike exhausted itself. What effect did BTC’s short-lived performance have on the rest of the altcoin market? Well, a few alts followed BTC’s lead, while a few others continued to consolidate on the charts. On...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 like most altcoin markets remained largely unaffected by Bitcoin’s price activity yesterday, and despite a small drop it remained above its crucial support. Although there has been a development of a...Read More
Thanks to Bitcoin’s dominance and overwhelming market share, most altcoin movements are correlated to the fortunes of the world’s largest cryptocurrency. At press time Bitcoin was trading at $33,739 with a 24-hour trading volume of $82.8 billion. Source: CoinStats However, such correlations aren’t uniform or consistent, with the previous week providing evidence of the same....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 value of Bitcoin has been moving along its current support levels and trying to consolidate around $33k. The sudden pumping of its price against all predictions has provided BTC another chance to test...Read More
Chainlink traded close to the $22.24 support mark and flashed bearish signals at the time of writing. CRO moved below $0.06 support and the indicators suggested that it could topple yet another support level over the coming sessions. On the flip side, IOTA noted some bullish activity and looked to break above $0.51 resistance. Chainlink...Read More
Cardano’s price may have been weakened by capital outflows as the price moved southbound and close to $0.339 support while Dogecoin witnessed strong selling pressure as the price tumbled by over 40% in the past 24 hours. However, VeChain could move within its fixed channel if momentum fails to sway in either direction. Cardano [ADA]...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 financial markets around the world have been shaken by the actions of a group of organized Redditors. The cryptocurrency market also witnessed a sudden push with regard to Bitcoin’s value with Elon...Read More
The last 7 days have been very interesting, to say the least, for the crypto-market. While for most of the week the market seemed destined for more consolidation, Bitcoin bucked the trend after the Musk-driven hike yesterday. While the world’s largest cryptocurrency was back at square one at press time, it should be noted, however,...Read More
Chainlink recovered from the bearish divergence it exhibited a few days ago and rose back above a zone that was one of supply a week ago. Neo struggled to replicate this feat even though it had strong buyer interest behind it. Finally, Enjin retraced some gains from the past month. Chainlink [LINK] Source: LINK/USD on...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Tezos has been largely dormant in the markets since the month of September. While Etheruem’s surge past $1,000 in early January sparked some life into Tezos, it was still not enough for XTZ to...Read More
With Bitcoin continuing to consolidate between the $33,000 and $35,000 price levels at press time, there was a slight lack of bullish momentum in the crypto-market, when compared to previous weeks. However, the trend has not always been uniform across the altcoin market. In fact, over the past 24-hours, popular altcoins like Monero, SNX registered...Read More
Bitcoin’s price, over the past 24 hours, has been on a very topsy-turvy journey, with its sideways movement punctuated only by an unexpected Elon Musk-triggered hike on the charts. On the contrary, most of the market’s altcoins continue to trade in narrow channels. For coins like Tron, Aave, and Crypto.com Coin, such has been 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 Litecoin‘s price was forming lower highs on the charts, suggesting the end of an uptrend in the medium-to-long term. However, in this lower high set up, the price formed a bullish pattern. A bounce/close...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 cryptocurrency market is bleeding once again, with the value of Bitcoin steadily depreciating over the last few trading sessions, at press time. Meanwhile, the closely-linked altcoin market has also been highlighting the change...Read More
Bitcoin Cash was trading within a descending channel as the market’s bears slowly forced the prices lower. STEEM saw a surge of about 34%, but retraced most of it within a matter of minutes, while Maker was in a phase of consolidation. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView Bitcoin Cash was trading within a...Read More
Stellar Lumens approached the upper boundary of its range with bullish momentum, but was rejected, and would need to rise above $0.33 to achieve a breakout. Augur formed a triangle pattern and could retest the $17.3-level once more before embarking on a strong move. Finally, VeChain appeared likely to lose a level of support at...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Earlier this month, Bitcoin Cash soared to as high as $600 with a candlewick as far north as $629. Subsequent retracements tested the $400-region, but on the longer timeframe, the $400 and the $460-levels...Read More
The crypto-market’s altcoins tend to follow Bitcoin and when the king coin registers price corrections, it is common to see altcoins also take a slight hit. Such has been the case of late as in the last 24 hours alone, cryptos such as Tezos, BAT, and Decred have endured spells of sideways movement on the...Read More
