After an extended period of uncertainty, Litecoin and Polkadot’s values registered significant gains, with both alts picking up good buying momentum on the charts. Further down the crypto-ladder, the mixed signals also coincided with bearish divergence and low market volatility, in the case of Dogecoin. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin was seen trading...Read More
The PayPal announcement and the subsequent hike in Bitcoin’s price came at a great time for the altcoin market since many alts were struggling with the downtrend they have been on since mid-August. This speaks to not just Bitcoin’s overwhelming dominance of the crypto-market, but also to its high correlations stats with the rest of...Read More
As Bitcoin closed above $12,000 once more, it was pertinent to ask if the altcoin market would follow. Would traders sell altcoins to follow Bitcoin’s gains? The rising Bitcoin Dominance suggested, yes. Bitcoin SV formed a bullish divergence and made gains in the past few hours, while Stellar Lumens witnessed strong buying volume. Dogecoin was...Read More
The world’s largest altcoin Ethereum was once again moving up and was priced around the $375 mark. Ethereum could soon move towards a more neutral to bullish phase soon. Stellar Lumens also maintained bullishness while Dogecoin although on an uptrend for the day, was more likely to continue with its price consolidation.Ethereum [ETH] Source: ETH/USD...Read More
Bitcoin climbed well past $11,500, before a minor drop pulled its press time trading price to $11,504. Its strong defense of the $11,200-level and its subsequent rise to $11,500 could lend bullish impetus to the altcoin market in the coming days. As for the altcoins, Cardano moved above a short-term moving average as its momentum...Read More
The Crypto Fear and Greed Index stood at 56 as Bitcoin held onto the $11,300 price level. The narrative of “Bitcoin is a hedge against inflation” was just one of many reasons that giants in the financial services sector or other investors acquired Bitcoin. Bitcoin serving no “singular” purpose, but multiple ones were bullish for...Read More
Despite its falling market share and market dominance over the past few months, Bitcoin continues to exert a lot of influence on the altcoin market. However, while BTC does indeed share high correlation stats with many altcoins, its influence isn’t uniform across the board. The same was evidenced when Tron, Basic Attention Token, and Dogecoin’s...Read More
Tron could be set to continue its downtrend on its charts, despite the fact that the sentiment around many altcoins appeared to shift to the bullish side. The Crypto Fear and Greed Index noted a neutral reading of 52 at press time, compared to the previous day’s ‘greedy’ value of 55. Further, while Algorand looked...Read More
The price charts at press time displayed that the bearish sentiment was once again regaining control. A typically higher volatility level was witnessed compared to earlier trading sessions. Most of the major alts were rallying against the buying sentiment. Bitcoin Cash was seen consolidating, after a short pump and dump event. DASH and Dogecoin too...Read More
Bitcoin was unable to close above $10,800 in what could be a worrying sign for bulls in the near term. Bitcoin SV dropped out of the brief ascending channel formed recently and could see further losses. Dogecoin was perched on a level of support that might not hold much longer. Tron slipped beneath and retested...Read More
XRP’s buyers and sellers have been locking horns for a few weeks now, but neither party has been able to wrest control of the market from the other. While Ethereum Classic was on a gentle downtrend, positive updates that reportedly guard the network against 51% attacks could drive demand up once again. Dogecoin, on the...Read More
The altcoin market has seen its fair share of ups and downs in the past week. In the past 24-hours Bitcoin’s price fell by over 3 percent and its impact has spilled over into the price action of coins like Polkadot and Monero which registered up to a 14 percent drop in the past day’s...Read More
The crypto market as a whole displayed a sense of divergence in the charts at the time of writing, with Bitcoin SV witnessing appreciable gains on one hand, while on the other, alts such as IOTA and Dogecoin were trading below crucial pivot levels. Bitcoin SV [BSV] Source: BSV/USD on TradingView Over the last 24...Read More
Chainlink appeared to be in a phase of consolidation, although the price could also suffer a minor drop. Cosmos was perched on a level of support, and can be expected to rise higher after breaking out of a bullish reversal pattern. Dogecoin continued to trend lower, as it has done since its huge pump in...Read More
XRP showed signs of bearishness on the charts, although on a longer timeframe, there was the possibility of a bullish breakout. NEO has been forming a bearish pattern over the past few days, with the same validated as NEO sought support in the face of selling pressure. Dogecoin could be entering a period of low...Read More
The cryptocurrency market saw losses on Monday, as traditional stock markets plummeted sharply. This could be related to news reports that large banks were involved in money laundering transactions. Bitcoin Cash showed it might not register further losses in the near-term. VeChain flipped from bullish to bearish momentum over the weekend. Dogecoin continued to show...Read More
XRP, at the time of writing, was showing no signs of price movement in either direction in the near-term. Similarly, Cosmos was likely to be neutral or bearish, until overall market conditions took a turn towards the bullish side. Dogecoin, the popular meme-coin, was also stagnant across its price charts. XRP Source: XRP/USD on TradingView...Read More
Bitcoin reached $10,950 and faced resistance at $11,200 as Bitcoin Dominance rose alongside. This meant many major altcoins could be facing selling pressure in the near-term. Chainlink lost an important level of support and was primed for a slide to the downside. IOTA also showed bearish momentum, whereas Dogecoin took its first step towards halting...Read More
Chainlink reached an ATH of $20 in August and could be set to slowly grind downward in the coming weeks. On a shorter time frame as well, the path of least resistance for LINK was to the downside. EOS was consolidating above a level of support. FTX Token could be set to trade within a...Read More
Bitcoin briefly slumped to $10,200 in the past couple of days as traders feared another sell-off but recovered swiftly to breach the $10,500 level and was trading at $10,737 at press time. Source: CoinStats However, evidence of BTC inflow to exchanges could forecast another wave of selling pressure for Bitcoin. Bitcoin Cash and Monero showed...Read More
Bitcoin briefly spiked to $10,450 before dropping to $10,350, at the time of writing. However, short-term fluctuations might not faze investors one bit as BTC remains one of the market’s best-performing assets by a distance. Further down the cryptocurrency ladder, Tezos exhibited a falling degree of market volatility as traders and investors watched the crypto-asset...Read More
Bitcoin was trading beneath its $10,400 resistance level, at press time. If it manages to reclaim the level as support, it could surge north to $11,200, dragging with it the rest of the market. Further, while Ontology’s demand surged on the back of earning WING tokens, Dogecoin showed signs of bearishness and looked to be...Read More
The cryptocurrency marketcap slid by nearly $50 billion in the past few days to stand at $325 billion at the time of writing. XRP showed it might be able to hold on to the support level. Chainlink had slid by double-digit percentage points and surged by double-digit points to touch $12 from lows of $9.75....Read More
Many in the community sighed with relief after Bitcoin arrested its fall on the 2nd of September by holding steady around the $11,300-mark. However, this wasn’t to last as over the next 24-hours, a bloodbath ensued, with the world’s largest cryptocurrency falling to under $10,300, at the time of writing. As is usually the case,...Read More
Debate raged on social media whether the strong rise of Ethereum’s price was organic demand for ETH, or whether it was all propped up by the DeFi explosion. However, a green Ethereum usually spells green for the altcoin market as well. Dash and Dogecoin seemed not to have received the memo, as they struggled to...Read More
Binance Coin advanced steadily toward resistance after stepping out of a range it traded within for a few weeks. Dash showed bearish signals and could test support and even drop beneath support while Dogecoin continued to sustain the bearish sentiment. Binance Coin [BNB] Source: BNB/USDT on TradingView BNB appeared to trade within a range for the greater...Read More
XRP was trading near an important zone, above which is possible safety. Failure to close above this level could mean XRP might be in store for a significant drop. Chainlink showed strong bullish momentum that could propel it towards ATH once more. Dogecoin lacked notable momentum but could reclaim a resistance as support in the...Read More
Tezos and Monero seemed to be caught in a downtrend from mid-August. However, while Tezos showed signs of continuing bearish momentum at press time, Monero might just have turned a corner by showing signals of bullishness. Dogecoin remains the Internet’s favorite memecoin, but traders and investors seem to have lost their interest in the asset....Read More
The amount of turbulence depicted by the altcoins is significant at the moment. Even though the trend is overall bullish, some of the assets are trying to re-test higher price points to consolidate above their supports. Over the past-day, Bitcoin Cash was able to sustain a bit of recovery whereas Zcash declined on the charts....Read More
Bitcoin Cash and Doge have spent August bouncing from support to resistance. At press time, both coins lacked momentum to force a big move up or down. The direction they are heading towards might be better gauged in the next few days. Ethereum Classic was able to defend support but did not offer anything else....Read More
