Bitcoin’s price, at the time of writing, continued to remain close to the much-anticipated $16K-level. Owing to their high correlation to the world’s largest cryptocurrency, many of the market’s altcoins benefited as expected. In fact, popular altcoins like XRP, Synthetix, and NEM saw their prices surge over the past week. However, over the last 24-48...Read More
Bitcoin’s dominance rose as high as 64.17%, before dropping to 63.45%, at press time. Bitcoin, the world’s largest cryptocurrency, could be set to move sideways on the charts as it was consolidating its gains. In doing so, over the next month, BTC could breathe some life into bleeding altcoins. EOS dropped beneath a level of...Read More
Until a few months ago, DeFi was quite the rage across the ecosystem. Of late, however, the space seems to have lost some steam, with many projects failing to sustain the early gains it made. Understandably, many in the community have since become more skeptical and cautious about the space. CEO of Three Arrows Capital...Read More
Crypto Fear and Greed Index showed greedy market sentiment with a value of 73 even as many altcoins posted losses. Bitcoin surged to $13,700 at the time of writing. EOS broke strongly southward while Aave also faced strong rejection at a level of resistance. Both assets could be poised for further losses in the coming...Read More
Recording a massive single-day drop, investors woke up to a bloodbath in the Synthetix market. At press time the digital asset recorded a loss of almost 20% Monero was displaying weakness in its buying momentum, as its technical indicators remained fairly bearish. XRP too noted the possibility of a downtrend, post its recent losses, as it...Read More
Managing to work through the market-wide sell-off today, most altcoins recorded some losses on their trading charts, with Bitcoin too trying to stay just above the $13,100 level at press time. Litecoin was witnessing selling pressure, that pushed the digital asset beneath two of its short-term-period moving averages. Following the negative sentiment, IOTA too remained...Read More
Bitcoin Dominance rose to 63 and Bitcoin was trading at $13,676 at press time. The altcoin market was registering some losses for the day, but a pullback on Bitcoin could see the red for other assets in the crypto space in the coming days. EOS exhibited a bearish divergence, and Stellar Lumens appeared to be...Read More
Crypto Fear and Greed Index dropped from 75 to 61 as Bitcoin was quite volatile the previous day, going as high as $13,250 and dropping to as low as $12,785. This could have spooked some traders and shifted sentiment from euphoria to a little less ecstatic. Binance Coin posted strong gains. IOTA exhibited a bearish...Read More
The Crypto Fear and Greed Index noted an extremely greedy figure of 76 for the day, a figure that was higher than the previous day’s 73. XRP was forming a bullish pattern right under a level of resistance, while Augur lacked the momentum to move the asset upwards or downwards on the charts. However, it...Read More
As the world’s largest and most dominant cryptocurrency, Bitcoin obviously shares high correlation stats with many of the market’s altcoins. However, while this may be the case, such a correlation isn’t always consistent or even uniform. The same was evidenced when looking at the price charts for Monero, Synthetix, and Crypto.com Coin, with each of...Read More
After witnessing a brief sell-off period just two days back, the privacy coin Monero regained its bullishness. The presence of bearish sentiment was confirmed by the moving averages for Crypto.com Coin, with the digital asset falling back to its June 2019 lows. Given Synthetix’s persistent downtrend and a clear bearish outlook, the SNX market was likely...Read More
At the time of writing, Tron was sliding down the charts, despite the fact that it lacked momentum to the downside. It should be noted, however, that the aforementioned slide might pave the way for a period of consolidation over the next few weeks. Further down the crypto-ladder, Synthetix was in a similar situation, although...Read More
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
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
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
Bitcoin Cash rose to test its resistance at $245, with the crypto expecting to note a minor pullback before another rise above its resistance. Synthetix Network Token was quite volatile in the short-term, but was likely to lose a strong level of support in the coming days. OKB was in a phase of consolidation and...Read More
With both Bitcoin and Ethereum noting some much-needed market momentum, altcoins seemed to be on the rise again over the weekend. Synthetix and VeChain were few of them, with the alts on the brink of kicking off another rally, with strong bullishness visible on their charts. EOS, however, fell to the overbought zone and hit...Read More
Bitcoin SV appeared to undergo a trend reversal, at press time, as its bullish price momentum pushed the cryptocurrency’s price above its immediate support and pivot levels. On the contrary, with a persistent downtrend, a bearish outlook was evident for Synthetix after it lost control of two resistance levels. Maker was at the end of...Read More
Litecoin has been trending upward for a couple of weeks, but the asset would need a few more trading sessions to show if it could continue the trend or if there was an imminent reversal. Zcash showed bullishness and buyers were dominant in the market. Synthetix was bearish after the failure to defend a level...Read More
Ethereum generally leads the direction of the altcoin market, and a bearish Ethereum meant trouble for a majority of the market’s altcoins. Chainlink failed to hold on to the important zone at $10 and $9.5 and could be set to slide lower on the charts. Synthetix dropped after forming a bearish pattern while Verge lost...Read More
Crypto.com Coin was ambivalent at press time, with no overall direction to its movement in the past few days. This could change in favor of the bears shortly. Stellar Lumens formed a bullish pattern and could have the bullish momentum to flip resistance in the next few hours. Synthetix Network Token showed bearishness and was...Read More
Monero was noting a bullish divergence on the charts, with XMR trading beneath an important level of resistance, at press time. Synthetix, however, showed indecision in the markets and could see a drop in price over the next few hours. DigiByte bulls and bears were in equilibrium, but bears could force another minor pullback in...Read More
Monero has been on a healthy uptrend for a while, but that might change in the short-term after it flashed a bearish signal on the charts. Synthetix, however, registered a bullish signal and the possibility of a price rise was likely, despite the fact that it remained under the bearish trend that commenced in early-September....Read More
Tron was observed to have hit a strong zone of resistance, before being rejected and pushed to the downside, at the time of writing. In fact, such bearish momentum appeared likely to continue for TRX. At a time when Ethereum was increasingly being criticized for high Gas fees and a congested network, it could have...Read More
While Litecoin was expected to head south on the charts, the market seemed to have changed course, at press time. It showed signs of beginning an uptrend as it surged past its resistance to flip it to support. Further, IOTA appeared to be in a consolidation phase right above its support level, while Synthetix showed...Read More
Ethereum was trading at $337 at press time and displayed bullish divergence yesterday, which played out as ETH briefly spiked past $351 resistance before being forced to drop. Zcash saw a notable lack of momentum, while Synthetix Network was facing strong bearish pressure. Ethereum [ETH] Source: ETH/USDT on TradingView Using the Fibonacci Retracement tool for...Read More
Tron was trading near important levels of retracement, while Synthetix was still in the throes of a sharp correction, at the time of writing. Further, EOS showed a lack of momentum in either direction, with the crypto likely to consolidate near its support in the next few days. Bitcoin, the world’s largest cryptocurrency, was able...Read More
Bitcoin was trading at $11,620, at press time, with the cryptocurrency showing signs reminiscent of the beginning of a bull run like the one in 2017. However, crypto-exchanges continue to perform woefully during times of volatility that are characteristic of the crypto-market. A surging Bitcoin could drag the value of the market’s altcoins too, most...Read More
Synthetix is the only bullish crypto among the likes of Ethereum and Maker, with the latter two pointing to a bearish retracement on the charts soon. Ethereum’s development has been slow. However, altcoins like Synthetix and Maker are playing a crucial role in DeFi – a budding ecosystem. Ethereum [ETH] Source: ETHUSD on TradingView Stuck...Read More
Litecoin, Synthetix, and Dash were trading above or at historically significant levels, at the time of writing. In fact, Litecoin was showing vigor in the market as it resumed its recovery from its lows near $40. Further, DASH had an eye on its immediate resistance on the charts while Synthetix looked likely to continue its...Read More
