Crypto.com Coin displayed a possibility of sideways consolidation on its trading charts, indicating a slight drop in selling pressure. Marked by stiff resistance and downward price action, the Synthetix market is unlikely to witness any immediate price recovery. Dash too noted short term bearishness at press time, could soon dive back down to its support level....Read More
Bitcoin was trading at $11,344 while Bitcoin Dominance stood at 60.15. The Bitcoin Dominance has been rising slowly since early September, showing that altcoins were facing losses in the market. Polkadot, Cosmos and Ontology toiled under bearish pressure. Polkadot [DOT] Source: DOT/USDT on TradingView The MACD generated a strong sell signal as it had formed...Read More
Cardano was bullish on the charts and appeared to be posting gains after a pullback. Tezos lacked interest from the buyers to break out of the price range it was stuck within. VeChain dropped beneath a level of support and could be set to slowly slide downward in the coming days. Cardano [ADA] Source: ADA/USD...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
During press time, the entire market seemed to be on a downward trajectory. The global crypto market cap followed the trail recording almost a percent in daily decline. VeChain and EOS were poised for a southward price action towards their support levels, as mounting bearish pressure and low buying volumes existed for the two digital...Read More
Binance Coin despite its immediate bearishness on the hourly charts, remained strong in terms of buying volumes, that might help BNB in its price recovery over the next few days. Cosmos too, although bearish for the day, could be poised for price recovery soon, given its overall uptrend and weak selling pressure. While Stellar Lumens indicated...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
While DeFi applications have taken the crypto-space by storm in 2020, there has also been a dark side to the whole proceeding with frequent ‘rug-pulls’ damaging the industry’s reputation. The convenience of setting up a DeFi token on Ethereum has also seen a lot of bad apples over the past few months. The prime example...Read More
Earlier in 2020, The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced that there were over 300 digital currency exchange providers (312 in February 2020) enrolled with the AUSTRAC. It is fair to say, cryptocurrencies were becoming a popular asset in Australia and amidst such fierce competition, the Swyftx exchange was making a lot of...Read More
Despite talk of an altseason rearing its head a few months ago, it would seem now that most of the market’s altcoins have reverted back to following Bitcoin’s lead. The world’s largest cryptocurrency fell below $11k in the first week of October, following which, BTC was quick to climb and hold a position above the...Read More
As mentioned in a previous article, Litecoin‘s price has followed through with a bullish breakout. This changed the previously ambiguous situation into a bullish one. A deeper look into Litecoin’s price movement and indicators will reveal what the bulls/bears have in store for LTC. Litecoin 1-day chart Source: LTCUSD on TradingView The one-day chart for...Read More
Polkadot has struggled somewhat to record a surge in price after the DeFi craze died out. However, the cryptocurrency seems to have good potential for a scalp, but the bulls need to pull through for the same as this pump isn’t going to be easy. At press time, DOT was barely holding above $4, and...Read More
While the altcoin Enjin continued to record losses as it fell below crucial support levels, Waves remained bullish after it recorded heavy buying pressure on its trading charts. Cardano, on the contrary, could repeat its bullish trend from a few days ago. In fact, Enjin was seen forming a bearish rectangle pattern, one that might...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice After testing the resistance level at $11,731 on 13 October, the prevailing market trend took the world’s largest cryptocurrency well below $11,500. While the movement in question should have been minor, later corrections took...Read More
Tezos has been on a recovery run since its price plummeted by close to 35 percent in the first week of September. While its price performance from a few months back seems like a far cry now, during the course of the past week, the coin managed to rake in the gains. However, is the...Read More
The overall bullishness in the crypto-market seemed to be cooling off, at the time of writing, with the market’s movements mirroring Bitcoin’s bearish trading setups over the previous week. That’s not all, however, as quite a few of the market’s altcoins were picking up on Bitcoin’s bearishness, with the likes of EOS, Ontology, and Maker...Read More
During the second week of October in response to Bitcoin’s negative momentum the altcoin market witnessed a downfall yet again. The same bearishness was visible on the daily charts of Crypto.com coin as it lost nearly 10% in the last two days. Tezos and Digibyte too recorded mounting selling pressure, with the two digital assets at the...Read More
At the time of writing, Bitcoin Cash witnessed a dip in its buying pressure and investors could benefit from the BCH market’s overall bullishness. The recent dip may be an optimal entry point, as the digital asset is poised for good returns in the short term. The Monero market too, was bullish on its daily...Read More
Chainlink experienced a minor correction and could be set to surge once more, while The Crypto Fear and Greed Index stood at a neutral value of 53, compared to the previous day’s 56. Bitcoin touched $11,800 and formed a higher low at the $11,400 region. The sentiment did not carry over to Tron, which set...Read More
There was some bullish sentiment toward the crypto markets as Bitcoin trended higher, alongside news of institutional interest. Ethereum faced a crucial level of resistance, while IOTA approached a level of resistance with strong momentum while BitTorrent formed a bearish pattern. Ethereum [ETH] Source: ETH/USD on TradingView Ethereum was trading within a rectangle bottom (cyan)....Read More
XRP had formed a bullish pattern but was rejected and the pattern invalidated as the asset looked to be headed south. VeChain appeared to have lost a level of support it had held tenuously over the past few days. FTX Token surged to reach a level of resistance after breaking out of a month-long downtrend...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
Bitcoin Dominance has slowly decreased in the past few days, from 59.99 to 59.69 at press time. Bitcoin surged from a low of $11,250 to a high of $11,750 in the past couple of days. Source: CoinStats The higher lows Bitcoin sets could see a bullish scenario develop for the altcoin market as well. Litecoin...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
Chainlink witnessed a small price correction, but the digital asset looks poised for some gains, with a bullish recovery around the corner. Zcash experienced weak selling pressure, in the midst of a highly volatile scenario. While a positive reversal was expected, prices could move in either direction. DigiByte’s technical indicators suggested a clear bearish scenario for...Read More
EOS had recent positive fundamental developments that propelled price upward for the asset, although there were some signs of bearishness. VeChain faced significant resistance to any immediate hike in price and might lose a level of support if Bitcoin headed south. BitTorrent had a healthy amount of buyers in the market and might be working...Read More
Bitcoin Dominance was dropping, and stood at 59.63, down from 60.14. In the same period of time, Bitcoin rose from $11,354 to $11,491. This combination of falling dominance and rising Bitcoin can herald a green season for altcoins. Cardano looked bullish, although a minor correction of a few percentage points might be seen in the...Read More
The Bitcoin market has recorded impressive gains in the last few days. This further influenced the valuation of its fork coin Bitcoin Cash. The technical indicators for Tezos were fairly bullish on the charts as well. Basic Attention Token (BAT), was displaying weakness in its buying momentum while BAT noted the possibility of an uptrend, post...Read More
Bitcoin touched $11,726 hours after the Governor of the Bank of England stated that it was hard to see Bitcoin have “intrinsic value”, although he conceded it might have extrinsic value. Source: CoinStats The bullishness of Bitcoin as it set higher lows in recent days could propel the altcoin market upward. Polkadot lacked the momentum...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
