XRP formed a bullish reversal pattern in the short-term but did not confirm a move to the upside yet. VeChain failed to reclaim the channel it was trading in and a rejection at the upper level opened the door for a possible drop. Ethereum Classic showed short-term strength from sellers but defended a level of...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market has been forming crests and troughs along the way. As the value of Bitcoin has been dropping from $42k and this trend has been followed by the altcoin markets too. The...Read More
While institutions have fueled the current price rally, the contribution of MicroStrategy to Bitcoin’s current rally may be the most significant, and the traders that may have missed Bitcoin’s ascend to the new ATH above $41000 may make up for the ride, by earning returns through MSTR. It was instrumental for the rally that began...Read More
Bitcoin’s range-bound price rally has left many traders waiting for another dip. There have been a few swift recoveries in the current market cycle and institutions have supported the rebound in price, however, the question remains – for how long? When will it be time to book profits on the assets accumulated in the past...Read More
The cryptocurrency market has seen increased sideways movement in the past few days. Bitcoin’s value has also been moving within the confines of its support and resistance – a trend also visible across the altcoin market. While major alts like Cardano was mirroring this Bitcoin trend, other small-cap alts like Qtum and Ontology were showing...Read More
SushiSwap the popular DEX in the DeFi ecosystem has seen quite a few developments in the past few months. The SushiSwap token has also mirrored this growth and registered gains amounting to over 170 percent since the start of 2021. At press time, SUSHI has a trading value of over $7.2 is ranked 46th on...Read More
Polkadot was rejected at range highs as the price made a weak attempt to break above, and was headed toward the $16.5 price level. Continuation of the downtrend of the past two weeks can not yet be ruled out for Dash as it bounced off a level of support, while Uniswap was in a strong...Read More
Bitcoin’s price correction in the ongoing rally was rather short-lived and the asset is back trading at the $32400 level based on data from CoinMarketCap. Though traders endured losses in the dip, and institutions continued buying, the dip was rewarding for altcoins as it changed the direction of investment flow. Against 100% wallets HODLing Bitcoin...Read More
After suffering a massive correction on the 21st of January, the rest of the crypto industry has been able to register a pullback in the upward direction. However, for Bitcoin, it hasn’t been the same. Assets like Chainlink, Polkadot, and Ethereum are above their last resistance levels but it has been a slow recovery for...Read More
China has been striving to release its own digital currency or Digital Currency Electronic Payment [DCEP] in 2021. According to recent reports, it has been actively testing its digital yuan in different provinces, and it will soon be testing it in major cities like Beijing and Shanghai. According to the reports, the cities are planning...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Stellar Lumens had neutral momentum in the market over the past two days, and only in the last few hours did the coin see a shift in momentum in favor of the bulls. This...Read More
Ethereum rose above $1250 and was trading at $1326 with the likelihood of testing $1440 on the back of demand from buyers. Aave continued to surge and targeted $260, and Algorand broke above an important region of supply and looked to flip that region into one of demand. Ethereum [ETH] Source: ETH/USD on TradingView ETH...Read More
After Bitcoin forfeited the $33,000-mark, altcoins such as Stellar Lumens, Cosmos, and Zcash moved within a range and awaited further signals from the market leader to make a stronger move on the charts. Stellar Lumens [XLM] Source: XLM/USD, TradingView Stellar Lumens moved within the tight channel of $0.28 and $0.26 as trading volumes remained subdued...Read More
Bitcoin’s price bounced back on the charts after undergoing yet another price correction, with the same settling above the $32,000-price level, at press time. In fact, after seeing its value fall by over 15 percent on the 20th of January, the coin was on its way to breach its immediate resistances at the $33,000 and...Read More
Bitcoin Cash traded close to the $426.4-support level and awaited cues from Bitcoin for a definitive move forward. SNX moved back above its $14.2-support level, but lacked the volume to rise higher on the charts. Finally, DASH cut its losses at the $94.6-support and eyed a move above the resistance level at $109.7. Bitcoin Cash...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice XRP consolidated under the $0.3-level of resistance on the price charts. In fact, it fell under this level in late December following news of the SEC lawsuit against Ripple, one that legally contests the...Read More
Binance Coin cut its losses at $38.46, with the market’s bulls looking to target a break above $41.78. REP moved between $21.73 and $20.6, but a shift in momentum towards the bearish side could see the price test its press time support level. Finally, COMP rose above its 50-SMA but it was unlikely to maintain...Read More
The volatility that drove Bitcoin’s price below $31,000 has now brought it up to the $33,000-level, based on CoinMarketCap. In previous market cycles, the volatility has shown a cyclical nature. However, in the current market cycle, it depends on the momentum and activity of institutional investors. Back in 2018, there was institutional participation. Alas, the...Read More
Since Bitcoin hit its ATH, analysts and traders have been anticipating a price drop/correction before a prolonged price rally to buy some more. This is one of the popular upsides of the current price drop in Bitcoin and Ethereum. Source: Coinstats As Bitcoin and Ethereum’s price rallies retraced and the trend reversed momentarily, the ratio...Read More
Tron showed that it was likely to rise to $0.03 within the next 24 hours to test it as resistance and possibly flip it to support. Waves was quite volatile in the market, but it looked keen to head towards the $7-level. Finally, Dogecoin witnessed some slight bearish pressure over the past couple of days....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum’s price registered a new ATH on the charts recently. However, despite corrections setting in and its high correlation with Bitcoin, ETH managed to keep its losses to a minimum over the past...Read More
What is the way out of the short-lived bear market? Is it swing trading or HODLing? Though different parties have different answers, what everyone can agree on is the fact that the altcoin market capitalization heads south every time there is a drop in Bitcoin’s price. This can partly be attributed to the correlation between...Read More
Bitcoin SV was trading within a descending channel and selling pressure was likely to see it drop beneath an imminent level of support. Basic Attention Token broke out of a range and looked to flip another level of resistance to support. FTX Token saw a tussle between the bulls and the bears as it traded...Read More
2021 has proven itself to be quite a promising year for Bitcoin, with its price action on the charts enabling it to register new ATHs. However, over the past 7 days, the bullish momentum has faded, with Bitcoin retracing all way from around $41k to where it stood at press time ($32,600). However, does the...Read More
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
Soon after Ethereum’s price went past the crucial $1400-level a few days back, it fell down the charts. However, despite the scale of price corrections, the cryptocurrency was continuing to trade close to its ATH with a trading price of $1,255, at press time. Over the past few days, two of Ethereum’s key metrics also...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
Bridging the gap between traditional finance and DeFi protocols seems to be the need of the hour, and Chainlink’s recent integrations seem to be facilitating just that. Blockchain-powered Fintech company COTI recently launched a new Crypto Volatility Index (CVI) for DeFi, one that enables traders to profit from market volatility. The company is in the...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
