During the past week, Bitcoin’s performance on the charts hasn’t been very inspiring. The coin has struggled to regain strong bullish momentum and go past key levels of resistance without being subject to further price corrections. At press time, Bitcoin was trading at $33,076 with a 24-hour trading volume of $31.7 billion. Source: CoinStats In...Read More
With Ethereum’s price retesting its ATH levels, it is time to either blast-off or crash for the coin. Regardless of what happens, ETH seems to be setting itself up to come out on the top for a new leg of the rally. As bulls recuperate their momentum, it is a ‘make or break’ moment for...Read More
Chainlink surged past $24 but displayed bearish divergence, which could see LINK pullback to around $22. Monero struggled to recover from the past few weeks’ selling pressure while Ethereum Classic rose toward the $8 level of resistance once more. Chainlink [LINK] Source: LINK/USD on TradingView LINK breached its previous ATH at $20 two weeks ago...Read More
The bitcoin price surge up to $40,000 was exponential and a sight to behold. The 2020 returns of BTC stand at a staggering 300% and the same can be seen with MicroStrategy’s stock price, which began Bitcoin investments in early August. Suffice to say, institutional investors who bought in before $20,000 are in massive profits...Read More
Polkadot broke out of a range and moved lower to retest the range highs, projecting an upside target of $21 should the $18.2 region hold steady. IOTA was in a period of consolidation, and Aave showed strong bullish momentum as it surged to a high of $280 before facing some selling pressure. Polkadot [DOT] Source:...Read More
Nasdaq-listed Marathon Patent Group today bought 4,812.66 Bitcoin worth about $150 million for their balance sheet treasury reserves. Marathon’s chairman & CEO, Merrick Okamoto, believed that holding part of their Treasury reserves in Bitcoin will be a better long-term strategy than holding US Dollars, “similar to other forward-thinking companies like MicroStrategy.” As of 22 January...Read More
Cardano recovered from its drop to $0.285 and entered a phase of consolidation over the past few days. Cosmos formed a bullish triangle pattern but in the coming days was likely to see a drop to $7.15, should the $8 support not hold and SushiSwap had strong bullish momentum behind it as it targeted the...Read More
Ethereum price hit a new ATH of $1476 on Monday after recently testing the previous ATH a few days ago. While ETH’s resurgence is bullish in the short-term it is yet to determine how the long-term outlook will evolve. At press time, there are conflicting long-term outlooks but the short-term scenario seems bearish for the...Read More
Ethereum broke its ATH and showed signs of bullishness as it projected a target of $1632 to achieve over the next week. Tezos was in an uptrend but faced some resistance above the $3 region and Uniswap surged to $12.5 but could witness a pullback. Ethereum [ETH] Source: ETH/USD on TradingView For the move from...Read More
Hot on the heels of Bitcoin, the world’s largest cryptocurrency, registering its own ATH a few weeks ago, it would seem that the world’s largest altcoin is intent on replicating BTC’s performance as well. Ether has now breached its previous ATH and registered a new high at $1476 in the early hours of 25 Jan....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 traded within a range since late December and approached the mid-point of the range. Technical indicators showed that the momentum has not quite flipped bullish for LTC, meaning that the reaction of...Read More
The major cryptocurrencies in the market have been consolidating but in most markets, bullish trends have been overtaken by bearish ones. Major cryptocurrencies like Chainlink [LINK], Monero [XMR], and BitTorrent [BTT] have been currently noting rising pressure from the sellers. Source: CoinStats Meanwhile, for the world’s largest cryptocurrency – Bitcoin, the past 24-hours saw the...Read More
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
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
