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
For a while now, Bitcoin has remained above the $30,000 range even though the asset saw one of the most “dramatic drops” compared to altcoins, over the past week. While some traders gave into FUD, others thought BTC could fall as low as $26,000. But a significant number of people in the space are waiting...Read More
After reaching all-time highs, both Bitcoin and Ether have faced a wave of correction; while the former seems to be stagnated, the latter slid further. Experts believe the current dip in prices is a temporary setback and even a healthy pullback before Bitcoin and Ether reach higher ranges. However, a popular trader and crypto analyst...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
Although Bitcoin dipped to its yearly open as predicted, some altcoins seem to be doing well, especially DOT, LTC, SUSHI, & LINK, among others. With Bitcoin gaining mainstream attention, it is only a matter of time institutions foray into altcoins. When this does happen, and it will, projects that have strong fundamentals will get picked...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
Bitcoin whales who accumulated the crypto-asset at $33,000 and $31,000 price levels have moved their funds to unknown locations and private wallets. On the contrary, some have sold their holdings as the frenzy accompanying the price drop gathered steam. Bitcoin, at the time of writing, was trading at $31,800 after recovering slowly from the drop...Read More
China-based Bitcoin miners are facing setbacks because of a lack of mining chips, across the world. The region, which is the world leader in the mining business, is facing unprecedented prices of mining equipment, amid increasing demand for cryptocurrency. TokenInsight COO Wayne Zhao explained in a report that China once accounted for 80% of the...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
The United States Securities and Exchange Commission’s [SEC] lawsuit against Ripple and its executives has been widely discussed, with the nature of XRP debated extensively as well. While the case feels like yet another securities case, it is different in a lot of aspects, especially since in none of the other cases, namely Kik or...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
Bitcoin’s price fell to $30,800 on Thursday, with echoes of Black Thursday sounding in a lot of people’s minds. This was the biggest price drop in 3 weeks and this may have been due to fears of double spending in Bitcoin, something that shook the faith of users. Though BitMEX confirmed that there was no...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
According to a filing published today by the United States’ Securities and Exchange Commission, New York-based investment management firm VanEck intends to launch a Digital Assets ETF, one that will track as closely as possible, before fees and expenses, “the price and yield performance of the MVIS® Global Digital Assets Equity Index.” The fund will...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’s price seemed to have recuperated as it bounced off the yearly open at $28,956. However, on-chain indicators are suggesting that this expansion was a fluke. In fact, buyers with no real volume or momentum are trying to push the price higher on the charts. The first sign of resistance weakened these buyers’ already weak...Read More
Thanks to its growing popularity among all demographics, major financial institutions are jumping on-board to research and analyze the emerging asset class of cryptocurrencies. J.P Morgan is one such institution, with its latest Cross-Asset Strategy report observing that the mainstream adoption of cryptocurrencies leads to underperformance during crises. According to its analysis, over shorter intra-month...Read More
Experts often say the altcoins rally with Bitcoin, and even fall with it. On 21 January, Longhash revealed that in the last seven days, 92% of crypto tokens “outperformed Bitcoin.” Bitcoin rallied to new ATHs and has remained over the $30,000 range, which still accounted for less volatility compared to previous rallies. However, with increasing...Read More
