Bitcoin surged to $19,788 at the time of writing and the ATH was a stone’s throw away for the king of crypto. Cardano exhibited a bearish divergence and dipped almost 4% before the bulls got back in the driving seat. Tron was set to test the level of resistance at $0.0355 in the near-term, while...Read More
Bitcoin’s dominance was holding steady at the time of writing, with the same noting a figure of 62.92%. While the altcoin market appeared to be recovering from the recent price shock, some of these cryptocurrencies could record further losses on the charts. Tron, for instance, formed a bearish flag while Ontology was in a short-term...Read More
Tron and Dogecoin seemed to be registering very similar price actions, at the time of writing. However, it remained to be seen if they would continue to make gains after a pullback. While Cosmos noted a bearish divergence on the charts, its price continued to rise even as buyer interest waned. This, eventually, contributed to...Read More
Bitcoin’s price performance over the past week seemed to have a uniform effect across most of the crypto-market after altcoins like EOS, Zcash, and Tron rallied across the board. At press time BTC was being traded at $17,675 with a trading volume of $26.7 billion. Source: CoinStats While corrections had already started setting in at...Read More
Litecoin formed a bearish pattern and could be poised to drop lower while Tron registered slight gains in recent hours on a bounce off support. Algorand was retracing after a downward move, and a strong rejection at an important level of retracement could signal that its short-term bounce was at an end. Litecoin [LTC] Source:...Read More
Ethereum formed a local bottom at $375. Bitcoin was rising past $14,000 alongside Bitcoin Dominance, triggering fear that altcoins would continue to bleed. But news of ETH 2.0 saw the crypto-asset surge to $460 and dragged the rest of the market alongside. Polkadot and Tron surged past levels of resistance as bulls flooded into their...Read More
With some minor price adjustments to the downside seen in Bitcoin over the last 48 hours, the alt market was once again painted in red. However, the technical indicators for Bitcoin while showing little price recovery progress, maintained mixed signals on volatility and price action. While the short-term trend for Tron and Compound continued to remain...Read More
Tron’s charts saw the market’s bears dominate the proceedings over the past few days, while it also faced controversy over the launch of JustLink. DigiByte and Ontology noted a feeble bounce on the charts, a bounce that could reverse itself over the next few hours. Tron [TRX] Source: TRX/USDT on TradingView TRX closed under a...Read More
Bitcoin Dominance rose to 63.7% and Bitcoin was trading at $13,501 at press time. The altcoin market saw losses, with giants such as Ethereum also registering losses as it closed beneath $400. This could be explained by interest shifting from altcoins to Bitcoin, causing sell pressure on altcoins and buy pressure on BTC. Polkadot and...Read More
Litecoin witnessed a drop in its buying volumes amid the market-wide sell-off, with the digital asset plunging below key support turned resistance levels. Tron experienced some strong selling pressure, in the midst of a highly volatile scenario. Finally, the technical indicators for Zcash too suggested a clear bearish outlook for its immediate short-term trading sessions....Read More
Bitcoin Cash, Tron, and Basic Attention Token all registered a brief price correction on the charts during the day’s trading session. While Bitcoin Cash noted some bullish weakness, Basic Attention Token signaled a dip in its volatility with Tron also maintaining its sideways movement. These gave early signs of a continued price consolidation possibility for the...Read More
Crypto Fear and Greed Index showed a value of 70 as Bitcoin saw bullishness prevail both on the charts and on social media posts. Litecoin rose past resistance at $58.6 but showed a bearish divergence that could see a minor pullback for the asset. Tron was trading within a range and showed no signs yet...Read More
XRP was forming a bullish triangle and could breakout to the upside but there was a notable lack of buying volume in recent days. Tron attempted to break out but bears stood firm, and at press time the bears were in control of the market. BAT was forming a series of lower highs as it...Read More
Tron rose above a descending trendline on its charts, but it would need to register further gains before the bulls can wrest control of the market from the bears. Cosmos was retracing its recent gains and appeared to be headed towards the $5-level once more. Finally, Crypto.com Coin could not find significant buyers after registering...Read More
The Crypto Fear and Greed Index noted a reading of 73 at press time as Bitcoin surged towards $13,000 and momentarily saw many large-cap altcoins follow suit. While Tron attempted to reverse its downtrend as it appeared to break past its trendline resistance, the bears were quick to enter the fray. Further, Algorand might face...Read More
Bitcoin shot past $12k and was trading at $12,239 at press time. Crypto Fear and Greed Index stood at 61, indicating growing greed in the market. Bitcoin Dominance rose to 61.75, as Ethereum posted gains and approached a strong level of resistance. Selling pressure did not relent on Tron while Basic Attention Token showed a...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
Despite its falling market share and market dominance over the past few months, Bitcoin continues to exert a lot of influence on the altcoin market. However, while BTC does indeed share high correlation stats with many altcoins, its influence isn’t uniform across the board. The same was evidenced when Tron, Basic Attention Token, and Dogecoin’s...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
Tron could be set to continue its downtrend on its charts, despite the fact that the sentiment around many altcoins appeared to shift to the bullish side. The Crypto Fear and Greed Index noted a neutral reading of 52 at press time, compared to the previous day’s ‘greedy’ value of 55. Further, while Algorand looked...Read More
The S&P 500 Index dropped from 3420 to 3343, a 2.3% drop, in a matter of hours after tweets from the US President about the stimulus package negotiations’ setback. Despite arguments about an uncorrelated market, the crypto sphere still suffered losses across the board. XRP might retain some bullish momentum technically, although bearish sentiment might...Read More
Bitcoin was unable to close above $10,800 in what could be a worrying sign for bulls in the near term. Bitcoin SV dropped out of the brief ascending channel formed recently and could see further losses. Dogecoin was perched on a level of support that might not hold much longer. Tron slipped beneath and retested...Read More
Polkadot formed a continuation pattern that suggested the possibility of an upward surge in price. However, it could take some time to manifest. In the near-term, the price could be set for a few more trading sessions of relatively lowered volatility. Tron showed signs of bearishness. Ontology was likely to slide toward support but lacked...Read More
BitMEX recently noted 32,200 Bitcoins withdrawn, nearly 19% of the exchange’s Bitcoin vault. However, BTC did not cede ground at $10,500, a development that was a sign of resilience and a maturing market. Tron‘s bulls have their work cut out for them as the longer-term bearish momentum stifled their attempts at recovery. Waves could also...Read More
Polkadot could face significant levels of resistance in the coming trading sessions that might prove too strong for DOT to surmount. Dash was unable to flip a level of resistance and was likely headed for a drop towards its support. Tron showed strong signs of bearishness in the near-term. Polkadot [DOT] Source: DOT/USDT on TradingView...Read More
Tron formed a bearish divergence on the charts, one that could see the price lose a level of support. Polkadot was in a consolidation phase in the near-term, with no breakout initiated at the time of writing. Decred, on the contrary, continued to face steady selling pressure and was set to continue on the same...Read More
Tron had been bearish over the past few weeks, but its recent surge on the charts could indicate the reversal of a downtrend. The next few trading sessions for TRX, therefore, will be crucial. NEM appeared to be at the beginning of a significant uptrend as it attempted to flip a level of resistance to...Read More
Chainlink continued to fall on the charts as Bitcoin showed signs of bearishness. Tron’s market was controlled by bears and TRX was likely to go lower, however, it did show a bullish divergence that might play out in the coming hours. IOTA also had a bearish outlook, as most of the crypto market bled after...Read More
The altcoin market continued to see red as Bitcoin, the world’s largest cryptocurrency, traded just under the $11,000-mark, with an eye on $11,200. Further down the crypto-ladder, Tron has been trending south recently, with TRX likely to continue to do so, alongside Algorand. Compound, however, noted a bullish divergence and a bounce can be expected...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
