XRP continues to consolidate under the $0.29 level after breaching the $0.30 range during the 2nd-week of January. The asset recently dropped down to 5th position as well, with Polkadot, taking over its 4th place. While the price is currently on a rise since the end of December, there remains a sense of uncertainty about...Read More
Stellar Lumens and Basic Attention Token were trading right beside their range highs. However, Stellar Lumens struggled to break past the resistance while BAT already has, and looked to surge higher. Aave made strong gains over the past week, and some levels of support are highlighted if it retraces some of those gains. Stellar Lumens...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice Litecoin has performed quite well in December, and at the time of writing, it was trading at $140, which is a 100% increase in comparison to the $70 low it registered the previous month....Read More
As the price broke out due to a surge in the Bitcoin market, many altcoins mirrored its movement and posted gains. Major altcoin, Binance Coin [BNB] has already been providing good returns to the investors, but other crypto assets were unable to break out of the dull market. Binance Coin [BNB] Source: BNBUSD on TradingView...Read More
A cryptocurrency trader based in Australia filed a complaint against two local banks in the region for systematic discrimination practices after these entities allegedly closed his bank accounts without issuing any warning. The trader named Allan Flynn has filed for proceedings against commercial banks ANZ and Westpac and wants compensation of about $192,000. Flynn claimed...Read More
Bitcoin SV showed weakly bearish momentum over the past few days, but that might be set to reverse shortly. Maker was in a phase of consolidation, and Dash showed some weak bearish pressure that could gradually push the price toward $116. Bitcoin SV [BSV] Source: BSV/USDT on TradingView Bitcoin SV’s charts resembled Bitcoin’s own price...Read More
As cryptocurrencies cement their position in investor’s portfolios, nations around the world are also showing great interest in digital currencies that are backed by fiat currencies. The idea of a Central Bank Digital Currency [CBDC] has surfaced from the need for secure and faster payments in comparison to physical cash. Currently, China has maintained its...Read More
Cardano’s price has surged by a massive 133% in the last 15 days and the rally shows signs of more upward movement. Trading at $0.378 ADA is ranked the sixth-largest cryptocurrency in the world in terms of market cap. The cryptocurrency has witnessed a reduced volatility phase leading to fairly stagnant price movement. Due to...Read More
SushiSwap is a popular DEX in the DeFi ecosystem and the platform has come a long way and shows promise considering the on-going developments in the space, partnerships it has been a part of, etc. However, when comparing SushiSwap to Uniswap, it seems like a flippening is in the works and is inevitable. Volume Source:...Read More
In 2020, quite a few radical shifts in trend took place in the cryptocurrency industry. While Bitcoin managed to witness another all-time high in December, Q1 of 2020 also saw Bitcoin drop down to the $4000 level. During that time, Bitmex faced an infamous DDoS attack, which led to a significant loss for a group...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Polkadot’s price recently hit an all-time high of $19.47 and ever since then it has continued to hold on to this level. At the time of writing the value of DOT was $17.71, as...Read More
Bitcoin price seems ready for a drop leading to increased volatility and a revisit of $30,000 or a drop of 10% to 12% cannot be ruled out. Not just one but many indicators point to the bearish drop for bitcoin in the near term. Bitcoin on-chain indicator The SOPR indicator is a classic on-chain indicator...Read More
XRP moved within a thin channel and a breakout in either direction did not seem likely in the short-term. Tezos retested $2.84 support and eyed an upward move once again on the charts. ALGO’s price touched August 2020 levels, but a reversal seems quite likely given the overall sentiment. XRP Source: XRP/USD, TradingView XRP retested...Read More
The 2021 bull run of Bitcoin has pushed the digital asset to an unknown territory with regard to price discovery. The current value of the digital asset has been dropping and reached $35k which is still a price level unseen during the previous bull run. There has been a consensus in the market that this...Read More
Bitcoin Cash and IOTA were primed for a breakout as they formed a triangle pattern on declining trading volumes. Compound flipped the $211 level to support and was headed towards $250. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView Over the past few days, the trading volume has been declining while BCH formed a triangle pattern...Read More
Ethereum headed lower to a level of support at $1150, and if bulls are unable to defend this level, ETH could be headed to the $1000 region. Monero has been slipping lower on the charts over the past week, while DigiByte formed a descending triangle pattern and was poised for a breakout. Ethereum [ETH] Source:...Read More
Setting a new all-time high seems to be in fashion for many cryptocurrencies. Binance Coin joined the growing list as it rose past $47 in the early hours of Jan 18. However, after having breached the $47 level the coin experienced a pullback and was trading close to $46 at press time. Source: BNB/USD, TradingView...Read More
Binance Coin looked to revisit $38.72 as the price failed to hold up above its present resistance. Dash formed a symmetrical triangle on the charts and presented the possibility of a breakout above $135.69 resistance while SNX reversed course and fell by over 12% after hitting record levels. Binance Coin [BNB] Source: BNB/USD, TradingView Binance...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 Monero market has been descending over the past couple of days. The overall trend in the market has not been actively bullish, and for Monero the trend has turned to a bearish one....Read More
Litecoin struggled to break above its current resistance, and sellers pushed prices towards $133.03 support. VeChain retested $0.026 and moved lower as buyers struggled to maintain control of the price while ETC traded within a restricted channel and relied on broader market cues for its path forward. Litecoin [LTC] Source: LTC/USD, TradingView Most of Litecoin’s...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 has been noting a fall that began on the 16th of January and as the Bitcoin market fell under $35k, the BCH’s price has also mirrored this drop on the charts....Read More
The support of top payment giants like PayPal is promising for building the case of mainstream Bitcoin payments. However, Bitcoin’s rapidly increasing price in the USD poses a tough challenge for the adoption of Bitcoin denominated payment systems. A number of altcoins are rallying alongside Bitcoin, and making payments in cryptocurrencies may not be the...Read More
Cardano flipped the $0.32 to support and showed that it was on the verge of breaking past $0.385 resistance as it neared its 2-year highs. Cosmos posted rapid gains over the past few days and was retracing some of those gains. Basic Attention Token was rejected once more at a level of resistance that 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 Ethereum market has been noting a series of surges and corrections. The last correction followed another ascending channel built up and as the value once again accelerated on the price scale, the market...Read More
After an action-packed week, Bitcoin is trading at $35468 after having endured a flash crash. However, the price action left traders asking why the flash crash in Bitcoin took place? Also, does this mean the rally is over and it was over-extended? As per the data, there may have been excessive speculation in Bitcoin’s price,...Read More
Polkadot showed bearish divergence, and while a pullback isn’t mandated, some regions of support can offer good buying opportunities. Ontology was bullish on the charts and was likely to flip the $0.68 level to support, and FTX Token was unable to break past the $9.8 region over the past few days. Polkadot [DOT] Source: DOT/USDT...Read More
The latest headlines are filled with posts about Bitcoin’s halving and its impact on Bitcoin’s price. These are popular facts and repeated several times as arguments for Bitcoin’s recent price rally. The repetition may have become so cruel, that memes on these facts are doing the rounds on Crypto Twitter. But the real question one...Read More
Bitcoin Cash bounced between the $450 and $520 regions as neither buyers nor sellers were able to assert their dominance in the market. Zcash faced some short-term bearishness as it headed toward the $100 region of support, while Decred shrugged off last week’s drop and looked likely to flip the $60 level to support. Bitcoin...Read More
Chainlink saw a bearish divergence on the lower timeframe and experienced a minor dip to test the support at $19.8, but its long-term outlook is strongly bullish. IOTA appeared to invalidate a bullish pattern and could be headed to $0.4 support in the coming hours while Compound continued to register gains. Meanwhile, in the case...Read More
In a 60-hour window between 4th and 7th January, Stellar witnessed an unprecedented growth of over 200%, reaching a yearly high of $0.414 in the charts. The bullish momentum slowed down, but XLM has continued to hold a stronger position above the support of $0.273. At press time, Stellar had a market cap of $6.5...Read More
