Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice XRP was trading at $0.255 with a market cap of $11.6 billion, at press time. After the SEC’s lawsuit, the crypto’s price has remained more grounded than usual. Being unresponsive to this bull run...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Cardano‘s price seemed bullish over the medium to longer timeframes. However, switching to a lower timeframe of 1-hour highlighted the opposite. Although ADA was stuck inside a bearish pattern, a bullish breakout can be...Read More
Tron seemed to be trading within a range and could prove to have some short-term bullish momentum if it rises above $0.0296. Algorand defended a region of demand from the market’s sellers, while Compound saw the strength of its uptrend wobble. Tron [TRX] Source: TRX/USDT on TradingView TRX has traded within the range of $0.0272...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 crypto-market has been in a state of consolidation for a while and many altcoin traders are moving to sell their digital assets across the board. Stellar Lumens [XLM] has been in a long,...Read More
EOS found strong support around $2.44, but this level was weakened due to multiple retests and could break over the coming days. Waves registered a short-term downtrend and faced resistance at $6.6, and support at $6. Finally, DASH defended the $94-zone over the past few days as selling pressure continued. EOS Source: EOS/USDT on TradingView...Read More
Polkadot moved below its $16.05-support level, with its indicators highlighting more bearishness for the price over the coming trading sessions. Other altcoins such as Ethereum Classic and Maker moved within fixed channels on their charts and awaited further cues from market leaders BTC and ETH. Polkadot [DOT] Source: DOT/USD, TradingView The world’s fourth-largest cryptocurrency, Polkadot...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 was highlighting the promise of a surge, one that could range anywhere between 18% to 40% over the next month. This surge will be pivotal to the project’s prospective listing by the...Read More
Binance Coin was trading within a restricted channel and it awaited further direction from the broader market for a breakout. SNX flipped the $17-resistance level, but the indicators suggested that bullish momentum was slowing down. Finally, ZEC moved closer to its 200-SMA and a fall below that level would confirm a bear market trend. Binance...Read More
Bitcoin SV remained below its 200-SMA as its prime moved south from the support at $167.7. Neo also mirrored the broader market sentiment as the market’s bears targeted a move below the $21.8-support. Finally, VeChain tested its press time support level, but the market’s bulls could hold on to the $0.028-level over the next few...Read More
Monero succumbed to yet another support level as the price moved below $134.4. Aave retraced from record levels, but the market still belonged to the bulls and the price could surge to fresher highs over the next few trading sessions. Finally, ENJ showed signs of a bearish pullback and a southbound move could see 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 Polkadot has been one of the market’s top performers in 2021, with the cryptocurrency’s price action speaking for itself. In fact, since 28 December, the crypto-asset has risen by a whopping 300%, a figure...Read More
Tron hovered above its support level, but the market’s bulls could struggle to keep the price afloat in the short-term. Verge moved within a confined channel as momentum sided with neither the bulls nor the bears. Finally, Dogecoin fell below the $0.0085-resistance, but the indicators projected a bullish bounceback. Tron [TRX] Source: TRX/USD, TradingView Tron’s...Read More
Bitcoin Cash floated above its 200-SMA and a move below this level was not expected over the next few trading sessions. ALGO’s short-term movement was mixed and a move in either direction would be dependent on cues from the broader market. Finally, DGB formed a bullish divergence on the CMF, projecting that the price could...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Monero‘s price was hovering just above the lower trendline of a bearish pattern at press time, with the crypto anticipating a bounce higher. A successful bounce could push the privacy coin’s price up by...Read More
EOS was trading below its 200-SMA and projected a prolonged bear market as its indicators favored the selling side. XEM targeted a move above the $0.229-resistance, backed by a surge in trading volumes and buying activity. Finally, COMP failed to breach its immediate resistance and a shift of momentum towards the bearish side could see...Read More
Stellar Lumens traded below its 20-SMA and underlined a bearish market as the price headed towards its $0.24-support level. WAVES moved below an ascending parallel channel and a fall towards the $6.4-support could offer confirmation to the pattern. Finally, DASH found support at $130, but limited buying activity and trading volumes could keep the price...Read More
Many of the market’s altcoins gained significantly on the price charts around the 17th and 18th of January. However, this wasn’t to last, with the likes of Cardano, Cosmos, and YFI soon depreciating on the charts on the back of Bitcoin’s lacklustre performance. ADA, ATOM, and YFI’s movements weren’t uniform though, with the alts’ recovery...Read More
While Ethereum, the world’s largest altcoin, may have had a good few days on the price charts, this hasn’t been the case for the rest of the market’s alts. In fact, while ETH surged to a new ATH, the likes of Bitcoin SV, Ontology, and Zcash continued to depreciate. This wasn’t unexpected, however, especially since...Read More
XRP formed a bullish reversal pattern and was set to test the $0.3 level of resistance over the next few days. Tron showed bullish momentum as the recent spate of selling appeared to have ended. Synthetix surged to $17.7 from $14 and could reach $20 in the coming days. XRP Source: XRP/USD on TradingView XRP...Read More
From a lowly $0.17 on 1st January, Cardano has taken an authoritative charge in the market, rallying by more than 100% over the course of the past 3 weeks. Currently valued at $0.360 on the charts, Cardano had a market cap of $11.18 billion sitting tightly at 6th in the market. Cardano 6-hour chart Source:...Read More
During the past week, Bitcoin’s performance on the charts hasn’t been very inspiring. The coin has struggled to regain strong bullish momentum and go past key levels of resistance without being subject to further price corrections. At press time, Bitcoin was trading at $33,076 with a 24-hour trading volume of $31.7 billion. Source: CoinStats In...Read More
Chainlink surged past $24 but displayed bearish divergence, which could see LINK pullback to around $22. Monero struggled to recover from the past few weeks’ selling pressure while Ethereum Classic rose toward the $8 level of resistance once more. Chainlink [LINK] Source: LINK/USD on TradingView LINK breached its previous ATH at $20 two weeks ago...Read More
After Bitcoin dropped on the 21st of January, the investors dropped back to a previously used market strategy that supposedly triggered BTC’s bull run; hodling. As reported previously, dormant coins undergoing movement during the massive $42,000 high became dormant again, and hodlers settled back to navigate through the bearish storm. However, the rally which started...Read More
Polkadot broke out of a range and moved lower to retest the range highs, projecting an upside target of $21 should the $18.2 region hold steady. IOTA was in a period of consolidation, and Aave showed strong bullish momentum as it surged to a high of $280 before facing some selling pressure. Polkadot [DOT] Source:...Read More
Cardano recovered from its drop to $0.285 and entered a phase of consolidation over the past few days. Cosmos formed a bullish triangle pattern but in the coming days was likely to see a drop to $7.15, should the $8 support not hold and SushiSwap had strong bullish momentum behind it as it targeted the...Read More
Ethereum price hit a new ATH of $1476 on Monday after recently testing the previous ATH a few days ago. While ETH’s resurgence is bullish in the short-term it is yet to determine how the long-term outlook will evolve. At press time, there are conflicting long-term outlooks but the short-term scenario seems bearish for the...Read More
Ethereum broke its ATH and showed signs of bullishness as it projected a target of $1632 to achieve over the next week. Tezos was in an uptrend but faced some resistance above the $3 region and Uniswap surged to $12.5 but could witness a pullback. Ethereum [ETH] Source: ETH/USD on TradingView For the move from...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice Litecoin has traded within a range since late December and approached the mid-point of the range. Technical indicators showed that the momentum has not quite flipped bullish for LTC, meaning that the reaction of...Read More
The major cryptocurrencies in the market have been consolidating but in most markets, bullish trends have been overtaken by bearish ones. Major cryptocurrencies like Chainlink [LINK], Monero [XMR], and BitTorrent [BTT] have been currently noting rising pressure from the sellers. Source: CoinStats Meanwhile, for the world’s largest cryptocurrency – Bitcoin, the past 24-hours saw the...Read More
XRP formed a bullish reversal pattern in the short-term but did not confirm a move to the upside yet. VeChain failed to reclaim the channel it was trading in and a rejection at the upper level opened the door for a possible drop. Ethereum Classic showed short-term strength from sellers but defended a level of...Read More
