Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Chainlink’s price has risen substantially through the course of 2021. In the past week alone, the cryptocurrency saw its price hike by close to 8 percent in a 24-hour period, with renewed bullish momentum...Read More
Monero, DigiByte, and OMG Network told pretty similar stories on the price charts. The bulls did not show they had the strength yet to effect a climb past their imminent levels of resistance. Monero [XMR] Source: XMR/USDT on TradingView The Fibonacci Retracement levels for XMR’s move north from $128 to $190 gave some important levels...Read More
EOS formed a scallop pattern on the charts and a drop below $2.55 could see it go as far south as $2.3 over the next week. Algorand flipped a level of resistance to support and showed signs of bullishness as it approached the $0.55-region. Finally, YFI rose above $30,000 but can see a minor dip...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Over the past two months, EOS has faced stiff resistance from the $3.6-region. The $2.7 and $2.4-levels of support have been tested multiple times. The volatility of EOS aside, the larger picture seemed to...Read More
Many of the crypto-market’s altcoins saw their values fall as Bitcoin endured a 10 percent drop on the charts. While the fallout hasn’t been uniform, popular altcoins like Bitcoin SV, Cosmos, and Enjin Coin all saw their prices depreciate, with some noting losses of up to 11 percent. Bitcoin SV [BSV] Source: BSV/USD, TradingView Bitcoin...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s fall on the price charts had a lasting impact on many of the market’s altcoins. Privacy coin Monero saw its price drop dramatically, with XMR registering losses to the tune of close to...Read More
Polkadot traded within a range of $15 and $18.25 over the past few days and noted short-term bullishness, one that could see it test the $18-level once more. NEM and Neo held on to levels of support in the face of bearish sentiment, but they would drop below in the coming days unless buyers step...Read More
Binance Coin could be poised for a bounce to $41.5, but at the time of writing, it was facing south and the $40.4-region could pose some resistance to the price as well. Ethereum Classic clung to a level of support at $7 while VeChain was likely to rise to $0.031 and retest the boundary of...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin Cash’s price was still in the red following Bitcoin’s crash, and it might continue to head lower on the charts. At press time, BCH had a market cap of $8 billion and was...Read More
Bitcoin’s price saw a steep price correction over the last 24 hours, with the cryptocurrency noting an 8 percent dip on the charts. As expected, given the high correlation the altcoin market shares with BTC, notable altcoins like Chainlink, Aave, and Sushi all moved closer to their respective levels of support as their prices fell...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The Bitcoin market registered an important price drop recently, one wherein the value of the digital asset dipped briefly under $30k on the charts. Although the cryptocurrency’s value later bounced back above the $30k-level,...Read More
Stellar Lumens registered significant losses recently. However, since a lot of the asset wasn’t sold on the market, XLM could see some upside in the next day or two. STEEM also showed signs that it was poised for a bounce while Maker slipped under a triangle pattern and could move towards $1000 on the price...Read More
Bitcoin Cash, Synthetix, and Algorand posted losses over the past few hours as Bitcoin saw a wave of selling pressure. The defense of $32,000 for Bitcoin, or the lack of defense, would have a major impact on the altcoin market as well. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView BCH formed a descending triangle pattern...Read More
Litecoin was under short-term bearish pressure and was likely to head toward the $135 level of support over the next few hours. Dash was on the verge of losing $113 as a level of support as it saw a wave of selling pressure rise and FTX Token showed a dip in buying volume, even as...Read More
Thanks to its overwhelming dominance and market share, Bitcoin’s performance on the charts is bound to affect the performance of the market’s altcoins. At press time, the king coin was trading at $34,811 with a trading volume of 40.5 billion. Source: CoinStats BTC’s insistence on consolidating below the $37,000-mark for most of the week pinched...Read More
After weeks of bullish movement, it would seem that Bitcoin is finally consolidating on the price charts. Interestingly, due to the high correlation most of the market’s altcoins share with the world’s largest cryptocurrency – BTC, altcoins such as Tezos, BAT, and Zcash mirrored its movement. However, these cryptos didn’t do so equally, especially since...Read More
XRP tested the $0.3 level of resistance repeatedly, and flipping this level of resistance to support would be a significant development for the bulls. EOS showed neutral short-term momentum as it traded above a level of support. IOTA climbed past $0.45 and targeted the $0.54 level of resistance. XRP Source: XRP/USD on TradingView XRP has...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The past week has seen Cardano trade between the $0.32 and $0.385 price range. Levels of importance within this range are highlighted and the short-term outlook for the coin appeared to take a turn...Read More
Ethereum reached its two-year highs at $1440 but was unable to push past. Climbing above $1450 would set $1625 as a target for bulls while falling beneath $1290 could see ETH revisit the $1150 support level. On the other hand, Monero showed bearish momentum and was trading just above a crucial level of support while...Read More
Chainlink and Aave moved south after touching record levels as losses in the broader market had a negative effect on their prices. Further, Compound too flashed red, at press time, after a breakout was witnessed from its rising wedge pattern. Chainlink [LINK] Source: LINK/USD, TradingView After touching record levels, Chainlink’s price cooled down and fell...Read More
Community feedback is an essential part of any decentralized project. One of the main advantages of participating in blockchain initiatives is that they are closer to being community-owned than traditional technology startups. This is even more so for SpiderDAO, the first hardware-enabled Decentralized Autonomous Organization. The project is known for pioneering a user-focused and whale-resistant...Read More
Bitcoin Cash eyed a move towards the $469.4-support level as the price moved south from its 20-SMA and 50-SMA. SNX registered a correction after the price fell by over 9% following its all-time high. Finally, ONT moved south from an ascending parallel channel and targeted the $0.591-support level. Bitcoin Cash [BCH] Source: BCH/USD, TradingView Bitcoin...Read More
One of the main concerns for the recent flood of new users entering the digital asset space is the safety of their funds. Before they even deposit their money on popular fiat on-ramps and service aggregators, they have already heard all about Mt. Gox, the KuCoin heist, or any of the exploits in decentralized finance...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Unlike Bitcoin, Ethereum‘s price is having trouble staying close to its ATH on the charts. This can be evidenced by the fact that ETH’s price has dropped by over 10% since it closed in...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s price was trading above $35,000 at press time, with the cryptocurrency aiming to head higher as it bounces off a consolidation pattern on the charts. This pattern suggests that the consolidation might keep...Read More
2020 was an exceptional year for Bitcoin. After facing a tumultuous time during the end of the 1st quarter, the largest digital asset performed admirably to end its year on a new all-time high. The asset has continued its rapid growth into 2021 as well, currently valued at just under $38,000. With institutions becoming increasingly...Read More
After Bitcoin failed to hold on to the $36,000-level, the larger altcoin market registered negative gains on the charts. Alts such as Litecoin and Algorand flashed red at press time and traded close to their respective support levels. On the other hand, VeChain ignored broader market cues and surged to record levels. Litecoin [LTC] Source:...Read More
EOS eyed a breakout from its press time channel to touch the $2.91-resistance level. BAT formed an ascending triangle on the chart and a northbound breakout can be seen over the coming days. Finally, MKR moved within a fixed channel and although the price was bullish, a move above its press time resistance level was...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Tezos’s price looked ready for a breakout from its 3-day long consolidation on the charts. This breakout is expected to be bullish considering the prior trend. In fact, a 10% to 20% surge seemed...Read More
The DeFi ecosystem took the crypto ecosystem by storm in 2020 after undergoing a rapid bullish rally. The landscape of finance based decentralized applications witnessed billions of dollars in investment, as certain projects such as Yearn Finance, Uniswap, and SushiSwap created a massive stit in the market. However, after the momentum started to decrease, various...Read More
