Ethereum, the biggest of the altcoins, dropped beneath $400 and could signal further, marketwide losses while Bitcoin stayed well above $13,000. Cardano exhibited a bullish divergence, however, bearish momentum held sway and only a bounce can be expected before a move to the downside. Algorand was in a short-term rally that was likely to fade...Read More
EOS was trading above a level of support on the charts, but buying volumes for the crypto-asset were falling. Further down the crypto-ladder, IOTA seemed to be forming a bullish pattern, but it wasn’t complete yet. A drop in IOTA’s value would invalidate the same. Compound was on a short-term uptrend and its direction in...Read More
Bitcoin was trading at $11,899 at press time, and Bitcoin Dominance was rising alongside. This generally spells trouble for the altcoin market. Bitcoin SV dropped beneath a range it was trading within for the past couple of weeks, and Compound continued to tumble. BitTorrent appeared to be making some gains but fell beneath trendline support....Read More
The figures for Bitcoin flowing into exchanges were below their 90-day average this week, with a drop in supply seen as a bullish sign for the world’s largest cryptocurrency. Further down the crypto-ladder, however, EOS could not hold on to the recent gains it made, while Algorand was forced to drop to a region of...Read More
Having witnessed positive price fluctuations on the daily charts for top digital assets Bitcoin and Ethereum, the rest of the cryptocurrency market appeared to be heading for a bullish revival. With some bullishness witnessed on its hourly chart, Litecoin could be seen targeting its overhead resistance soon. While the possibility of a stalled bearish drag...Read More
The three digital assets, Bitcoin SV, Zcash, and Compound showed bearish signals throughout the day. With over 5% in losses since yesterday, for Zcash and Compound, strong selling pressure could last longer for the two coins. Bitcoin SV on the other hand, while also witnessing a sell-off, dipped only slightly after finally breaking out of...Read More
Positive trends and strong fundamentals seemed to be on the side of the three alts XRP, DASH and Compound. Moving averages favored a bullish trend for XRP. DASH too was favored by the buying sentiment, as a bullish rectangle pattern started to emerge on its daily chart. Compound, on the other hand, displayed low levels of...Read More
Bitcoin’s latest pump towards $11,500 changed the outlook of many altcoins from bearish to neutral or bullish. While Cardano bounced strongly off a level of support and formed a continuation pattern on the charts, Compound moved above its long-term descending trendline, although a rise in price was yet to take place with momentum. Waves, on...Read More
The crypto-market’s losses did not end with September, with the month of October noting further losses. In the short-term, many crypto-assets on the charts were dominated by bears. Stellar Lumens was among them as its every bounce was met by selling pressure. BAT was unable to shrug off bearish pressure too as it fell through...Read More
Tezos burst past its resistance level on the charts, but its downtrend was unlikely to have been reversed. Further, IOTA showed signs of a bullish trend in the short-term after defending a level of support against bearish pressure. Compound too formed a bullish reversal pattern, however, it would take more time to either validate or...Read More
Tron had been bearish over the past few weeks, but its recent surge on the charts could indicate the reversal of a downtrend. The next few trading sessions for TRX, therefore, will be crucial. NEM appeared to be at the beginning of a significant uptrend as it attempted to flip a level of resistance to...Read More
Binance Coin, ATOM, and even Compound registered a bullish bias after noting a drop on their charts over the last week. However, while Binance and ATOM hinted at a definite bullish move, the same might not be the case with Compound’s COMP token. Binance Coin [BNB] Source: BNB/USD on TradingView With a huge descending channel...Read More
The altcoin market continued to see red as Bitcoin, the world’s largest cryptocurrency, traded just under the $11,000-mark, with an eye on $11,200. Further down the crypto-ladder, Tron has been trending south recently, with TRX likely to continue to do so, alongside Algorand. Compound, however, noted a bullish divergence and a bounce can be expected...Read More
DeFi token transactions continued to congest Ethruem’s network as Etherscan showed that addresses related to Uniswap had guzzled a significant amount of Gas over the past 24 hours. At the time of writing, Ethereum’s charts pointed to a likely drop. While on-chain metrics made a strong case in support of an Ethereum slide, it must...Read More
Despite the fact that Binance Coin was highlighted as being undervalued in a recent report, BNB was trending strongly upwards, at the time of writing. On the contrary, EOS lacked momentum in either direction, as was the case with Compound. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance Coin had resumed the strong uptrend it...Read More
Polkadot invalidated a possible bearish pattern in the past few sessions. At press time, it lacked momentum in both directions. IOTA was indicating signs of short term bullishness and could surge past nearby resistance level. Compound showed a likelihood to drop in price, perhaps as far as $152 in the near term. Polkadot [DOT] Source:...Read More
When it rains, it pours – Thus goes the saying. Bitcoin found its ceiling at $12,000 and failed to break past it, despite multiple attempts. In fact, the euphoria surrounding Bitcoin and the market’s surging altcoins seems to have abated off-late too. While the Fear and Greed Index registered a reading above 70 for all...Read More
Bitcoin SV showed a bit of bullishness and had hardly begun to move upward when the bears stepped in. IOTA on the other hand lacked momentum in either direction and was trading just above support level while Compound looked poised to drop to its immediate support. Meanwhile, the world’s largest cryptocurrency Bitcoin briefly saw a...Read More
On Monday, June 22, transfer COMP into your Coinbase Pro account ahead of trading. Support for COMP will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Per previous launches, transfers will open during business hours, Pacific time. On Monday, June 22, we will begin accepting inbound transfers of COMP to...Read More
