Chainlink formed a triangle pattern and could see a breakout over the next few days, although the direction of the breakout was unclear. Algorand traded within a range, with a particularly stiff level of resistance at $0.35 that bulls have been unable to overcome over the past month. Tron sank beneath a crucial region of...Read More
XRP traders circled important dates of delisting and court battles on their calendar, while on the charts XRP was set to slide further south. Polkadot broke out past the $6 level on extraordinary trading volume and reached a high of $7.7 and was likely to retrace some of the gains made. Decred had a bullish...Read More
With XRP’s price being dragged through the mud, Ripple is on high alert and preparing for the suit. This lawsuit by SEC has sent ripples across the industry [pun intended] and people are questioning what’s next? or more precisely ‘who’s’ next? Some say it could be Link, Bitcoin, or even Ethereum, but if we are...Read More
Ethereum had strong bullish momentum behind it after its ascent past the $700 mark in the past week. A move above $750 could see ETH reach $800, with $819 a projected target for bulls. Ethereum Classic was unable to hold on to its gains after rising past $6 and was forced back to a level...Read More
Bitcoin Cash showed strong bullish sentiment as it rose above $350 once more. Yet IOTA and Dogecoin were some of the altcoins whose gains over the past week have not followed Ethereum. IOTA traded within a range, while Dogecoin saw its momentum shift slightly to favor the bears. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView...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 U.S. government or more specifically, FinCEN’s proposed AML regulation has been extended to non-custodial wallets causing an outcry in the cryptocurrency ecosystem since the proposed regulation calls for recording the name and physical address of the wallet owner for transactions that are greater than $3,000 by VASPs [Virtual Asset Service Providers]. VASPs include anyone...Read More
Ethereum and Bitcoin posted some losses over the past few hours and many altcoins did as well. Bitcoin Cash formed a bearish divergence and slipped beneath a level it had sought to flip to support, and IOTA has seen rising selling pressure over the past few days. Zcash approached a pocket of liquidity with bearish...Read More
Ethereum saw a pullback after reaching a local high of $747. Tezos broke out of a triangle pattern but was forced to revisit a level of support, while Dash witnessed increasing selling pressure in the short term. However, it formed a bullish pattern on the charts, and conviction from the bulls could see its price...Read More
Cardano’s price is witnessing a roller-coaster ride and is currently trading at $0.1506 with a market cap of $4.7 billion making it the 10th largest crypto in the world. With bitcoin treading slow, altcoins have a chance to surge, and the same opportunity can be seen with Cardano. Cardano 4-hour chart ADAUSD TradingView As seen,...Read More
The altcoin market took a bit of a beating over the past few hours as many large-cap coins turned red on the charts. Bitcoin Dominance rose to show 68.68% at the time of writing, Ethereum saw a rejection at $640 in recent hours and was likely to test the $583 level of support. Zcash was headed...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
Bitcoin rose above $23,000 once more but the altcoin market posted losses over the same time period. At press time, the king coin was being traded at $23,561 with a 24-hour trading volume of $26.9 billion. Source: CoinStats Chainlink bounced off a level of support but bears were determined to drive the prices further down....Read More
Binance Coin lost some of its recent gains, and despite the bearish strength, bulls have a hope of defending the $30 level. The same could not be said for IOTA as it appeared likely to drop to an imminent level of support. Algorand reversed directions a few days ago and could retrace all the gains...Read More
Cardano had a long-term bullish outlook as it traded above the mid-range after establishing and sweeping key highs and lows. Yet its short-term momentum was bearish, and a retest of the $0.149 support was likely. Monero dropped beneath a level of support and could head as low as $140 before the bulls step in. Basic...Read More
Chainlink and Tezos broke out of a descending channel more than a week ago but were unable to sustain the bullish momentum. Tezos even failed to achieve its breakout target as bears steadily drove prices lower, and had the upper hand at the time of writing. Dogecoin saw a strong surge a few days back...Read More
Polkadot bounced off the $4.8 support to reach $5 but bears still appear to have the upper hand in the short-term. EOS was set to retrace all its recent gains due to heavy selling over the past couple of days. VeChain broke to the downside of an ascending triangle pattern and could post further losses...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
Ripple’s CEO Brad Garlinghouse announced that the company is being sued by the Securities and Exchange Commission [SEC] and highlighted that this step taken by the SEC was an “attack of crypto”. Unsurprisingly, the SEC’s lawsuit is based on the fact that Ripple is selling unregistered securities and is yet to be announced. A step back...Read More
Bitcoin and gold share similarities but also vary significantly from each other. While bitcoin has been the go-to asset for millennial investors, institutions too, see bitcoin as a very promising asset. Interestingly, the rivalry between supporters of bitcoin and gold is a longstanding one, and while there are people who support both investment firms like...Read More
Monero showed bullish sentiment in the market over the past few weeks but also exhibited a bearish divergence that could see the price dip slightly. Cardano lacked buying volume in the market as it stayed afloat above the $0.15 level of support. Basic Attention Token retraced some of its losses but was unable to test...Read More
Bitcoin SV was bearish in the market and could be headed down to $150 in the coming days. Tezos confirmed a bullish reversal, but the $2.24 resistance was too strong for the bulls to overcome. IOTA could be set to tread water in the vicinity of $0.29 in a period of consolidation. Bitcoin SV [BSV]...Read More
Bitcoin Cash was on its way to test the $288 level of resistance. Dash lacked momentum as it approached a crucial level at the $100 mark, and Ethereum Classic formed a bearish reversal pattern that could see the price drop back toward support. Bitcoin Cash ]BCH] Source: BCH/USDT on TradingView Over the past 24 hours, BCH...Read More
