XRP climbed back above the $0.52 mark after retracing the gains made on its recent surge to $0.75. Cosmos rose above $20 but faced some selling pressure near $22 while Dogecoin succumbed to short-term bearish pressure. XRP Source: XRP/USD on TradingView After reaching a local high at $0.75, XRP was forced back to $0.4 hours...Read More
Binance, arguably the world’s biggest crypto-exchange, has often made headlines for the host of regular developments in its ecosystem. It is in the news again today after the exchange announced that it has launched staking services for two more tokens, Cardano [ADA] and Cosmos [ATOM]. #Binance Staking Launches $ADA @Cardano and $ATOM @cosmos Staking with...Read More
Tron [TRX] surged to levels last seen in June 2018, with the crypto projected to maintain its trajectory over the next few trading sessions. REP overturned the $24-resistance level, but it was uncertain whether the bulls could hold on to the price level. Finally, ATOM formed a bearish crossover on the MACD and was predicted...Read More
Binance Coin reversed its dip and looked set on retesting $75.5 once more. Cosmos showed the beginning of a bearish divergence as it climbed toward its target of $15.84, and Dogecoin showed a buy signal as it rose toward $0.08 once more. Binance Coin [BNB] Source: BNB/USDT on TradingView On the 1-hour chart, BNB formed...Read More
LINK moved within a descending channel and the direction of a potential breakout was not clear at the time of writing. ATOM projected more upside moving forward as the indicators flashed bullish signals while ZEC moved within a fixed channel and awaited further cues from the broader market. Chainlink [LINK] Source: LINK/USD, TradingView Chainlink lost...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
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
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
Binance Coin and Cosmos touched record levels after a surge in market leaders BTC and ETH‘s charts lifted the broader cryptocurrency market. Further down the crypto-ladder, DASH registered a breakout and was heading towards the $136.38-resistance level. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin cooled off from its all-time high and traded close to...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
Polkadot was strongly bullish on the charts and a pullback to $10.5 would present a good buying opportunity. Crypto.com Coin has been volatile over the past few days but its trajectory was upward, while Cosmos climbed above $6 in an attempt to flip the $6.3 level to a support. Polkadot [DOT] Source: DOT/USDT on TradingView...Read More
Cardano entered a consolidation phase as its price refused to lean in either direction, with ADA taking its guidance from market leaders Bitcoin and Ethereum. SNX showed signs that its bullishness was coming to an end, and a move towards the $13.41-support might be a possibility. ATOM was capped at the resistance around $5.97, but...Read More
Across the market, double-digit percentage losses were recorded as Bitcoin faced selling pressure that caused a drop from $41,000 to $33,000 at the time of writing. Cardano formed a double-top pattern that could see it test the $0.23 level of support soon, while Crypto.com Coin was likely to retest the $0.07 region as resistance before...Read More
Cardano saw strong gains recently as its went past $0.17 and gain nearly 100% over the past week. The $0.28 mark had been defended from bearish pressure and a loss of this level could indicate further retracement for ADA. Cosmos established an uptrend over the past few days, although its volatility was quite pronounced. FTX...Read More
Most of the market’s altcoins, including the likes of EOS, Ontology, and Cosmos, were flashing green at press time, with Bitcoin’s movement past the $35,000-mark giving the market a lot of bullish momentum. However, some signs suggested that EOS might not be able to sustain its momentum in the near-term. EOS Source: EOS/USD, TradingView While...Read More
Tron saw the tides shift in favor of the bulls as it rose above a level of resistance and sought to flip it to support. VeChain continued to post gains but the beginnings of a bearish divergence between price and momentum were witnessed. Cosmos formed a V-top pattern and recent bearish pressure could cause the...Read More
XRP sank to $0.22 and has traded for most of 2020 at or under $0.3, with about 60 days only of trading above this mark. The short-term outlook for XRP was extremely bearish, although a dead cat bounce can occur. Cosmos saw rising bullish sentiment as it tested the $5.45 level of resistance once more,...Read More
The plummeting ETH/BTC pair was proof that Ethereum was unable to keep up with Bitcoin’s price rise on the charts. The altcoin market, as a whole, recovered somewhat after the dramatic drop before Christmas, but it began to shed value once more soon after. Bitcoin SV registered a hidden bearish divergence and could be driven...Read More
Litecoin mounted a strong defense of the $100 level but was headed lower once more, with $108 being a level bulls would seek to defend. Cosmos bounced feebly off the $4.8 level following a bullish divergence, but bears pushed the prices lower and could flip it to resistance and Dogecoin retraced some of the gains...Read More
The previous day’s Bitcoin drop affected the altcoin market significantly. Bitcoin Cash posted losses of nearly 15%, but bulls had some hope, as long as the price remained above $300. Tron was likely to climb a little higher up the charts to test a level of resistance before another move downward. Cosmos was trading at...Read More
Bitcoin’s dominance continued to rise and stood at 67.13%, at the time of writing. While some large-cap altcoins stagnated, others surged on the charts. Bitcoin Cash posted strong gains over the past few days and some consolidation around $374 could be seen too. Cosmos bounced off the $5-level and was likely to bump into the...Read More
Link’s 679% YTD return overshadows both Atom and BAT’s meager returns of 28% and 20% respectively. This is despite Link’s surge to $20 per coin and then a massive collapse to $7.2. Chainlink [LINK] Source: LINKUSD TradingView Chainlink seems to be surging alongside bitcoin at the moment. The coin has seen a 13% hike in...Read More
MassMutual was in the news recently after it bought $100 million worth of Bitcoin, news that billionaire Mike Novogratz responded to as “might be the most important BTC news of 2020.” On the back of such a development, Bitcoin Cash exhibited a bullish divergence on the charts and rose towards the resistance level at $267....Read More
Bitcoin has posted excellent gains on its way to ATH but the momentum stalled over the past week. At press time BTC was trading at $18,803 with a market cap of $349 billion. Source: CoinStats This sideways movement of both Bitcoin and Ethereum prompted the altcoin market to shed value. Polkadot was likely to begin...Read More
Bitcoin’s price was quick to record a minor correction after having registered a new ATH a few days ago. Since then, some of the market’s most popular altcoins have had to endure a brief period of price consolidation on the charts. Since the start of December, cryptocurrencies like Litecoin, Cosmos, and Dogecoin have remained stuck...Read More
Bitcoin fell after breaching its ATH and this volatility caused many altcoins to drop on the charts. Litecoin had a bullish short to medium-term outlook but appeared to form a bearish reversal pattern on the daily timeframe. Cosmos appeared to be headed toward $5 support once more, and Zcash also sought a level of support...Read More
Bitcoin inched toward $20k and altcoins posted moderate gains in the past week and undid much of the damage that Bitcoin’s dip to $16,400 wrought. At press time BTC was trading at 19,507 with a 24-hour trading volume of $31.8 billion. Source: CoinStats Bitcoin Cash performed strongly and rose above the psychological $300 barrier once...Read More
Litecoin pictured a bullish divergence on the charts and bounced strongly off a Fibonacci level of retracement. Cosmos also moved with notable trading volume past a level of resistance and seemed to be heading higher. Finally, Decred formed a double bottom a few days ago and rose to test a region of supply at $24....Read More
Nearly every coin of relevance in the crypto sphere saw a drop in their price that coincided with Bitcoin’s correction from $19,400. Some altcoins were only correcting recent, strong gains, and can still be considered to be in a healthy uptrend on a longer timeframe. Cardano and Cosmos found strong support at important levels of...Read More
For the most part of November, the crypto market was filled with strong bullish momentum as Bitcoin inched closer to its ATH, last seen in 2017. However, with BTC unable to sustain its position above the $19K price level and with its current drop on the charts, many of the market’s altcoins are now enduring...Read More
