Bitcoin rose above $19,000 once more but its recent volatility resulted in weakened bullish momentum for altcoins. At press time the king coin was being traded at $18,523 with a 24-hour trading volume of $71.3 billion. Source: CoinStats Chainlink closed outside an ascending channel and could see $12.6 support revisited in the coming days. Dash...Read More
Bitcoin’s market cap was at $361 billion as the market eagerly anticipated a daily close above ATH. Chainlink was trading within an ascending channel and recently flipped the $14 psychological level to support, and could do the same to $14.5 resistance over the next few trading sessions. Crypto.com Coin attempted to recover from its recent...Read More
The altcoin market, at the time of writing, was on its way towards recovery. Ethereum flipped $550 to support and rose steadily on the charts, prompting alts to climb alongside it. EOS and Basic Attention Token had a bullish outlook in the short-term, having recouped nearly half the losses following the recent drop. Finally, VeChain...Read More
Bitcoin corrected from $19,200 to $16,400 and was trading at $16,900 at press time. This forced alts to shed value quickly as well. Bitcoin Cash dropped 25% from a local high and saw support at $267 flipped to resistance. Vechain and EOS were short-term bearish but they might be able to stay above key support...Read More
Sometimes large-cap altcoins move on the charts like they are in sync, and that has been what was happening over the past few days. Ethereum surged from $500 to $600 and so did the majority of the altcoin market. Cardano and VeChain were in a pretty similar scenario. Both coins saw registered gains of nearly...Read More
Bitcoin Dominance, at the time of writing, had dropped a little over the last 24 hours, with the same observed to be at 65.05%. As far as the market’s alts were concerned, while Monero exhibited a bearish divergence, NEM was trading under a strong level of resistance after recovering with strength over the past few...Read More
While many altcoins saw their price appreciate dramatically in the past week, the surge has not been uniform across the market’s altcoins. Popular altcoins like XRP, Cosmos, and VeChain saw short-term spikes in their trading price, but have been confined to mostly sideways movement in the past few days. XRP Source: XRP/USD, TradingView XRP price...Read More
Ethereum saw a rapid move down from $492 to $470 and major altcoins saw a pullback as well. This could turn into a deeper correction if ETH continued to drop. Chainlink moved past $14 and could test resistance at $14.5 in the coming days. IOTA tried to climb upward but was met by selling pressure,...Read More
Bitcoin touched a high of $17,081 at press time and large-cap altcoins performed remarkably well in recent days as well. Cardano and Monero broke strongly upward out of a downtrend, while Vechain pulled off the same feat. Cardano [ADA] Source: ADA/USDT on TradingView Cardano surged off the $0.1 support and broke past the descending channel’s...Read More
Chainlink did not have strong buying interest behind it as its price appeared to break out of a continuation pattern, one that invalidated the break. Waves, on the contrary, saw rapid gains and could post more, although it also showed some important levels to watch out for in case the surge north broke down. Finally,...Read More
With Bitcoin continuing to hover very close to its $16k-resistance level, many of the market’s altcoins are now having to endure prolonged periods of sideways movement. Such was the case for altcoins such as Binance Coin, Polkadot, and VeChain over the course of the previous week. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin’s price...Read More
Bitcoin rose to $15,610 and the Crypto Fear and Greed Index showed a greedy value of 86, in what has been a week of extreme bullish sentiment toward crypto. Binance Coin formed a pattern that could see a breakout imminently, while the coin itself lacked momentum over the past few hours. IOTA could bounce off...Read More
Monero was in a downtrend that could see the crypto-asset lose a level of support to the bears. Polkadot was trading within a relatively tight range over the past few days and could continue to do so over the next few trading sessions. VeChain had a bullish outlook in the near-term as it flipped a...Read More
Cardano registered a strong surge over the past few days, but the market’s bulls seemed to be exhausted by the time of writing. ADA’s reaction at important levels would indicate whether buyers or sellers were in control of the market. Filecoin had a few quiet trading sessions over the past few hours and could see...Read More
Bitcoin was trading at $15,550 and came close to the $16K price level for a very brief while and many coins that saw losses recently rose on the charts. Bitcoin Cash and Cosmos showed bullish divergences and posted strong gains as the altcoin market received positive impetus from buyers. VeChain also surged past levels of...Read More
Bitcoin’s dominance continued to rise at press time, with the same noting a figure of 63.97%. Monero, one of the market’s premier privacy coins, had been moving sideways over the past couple of weeks and could be set to continue to do so over the next week or two. VeChain was trading just above an...Read More
Bearish market trends seemed to be supporting a period of sell-off in the three alts, Cardano, Stellar Lumens, and VeChain. Moving averages favored a bearish trend for Cardano. Stellar Lumens too depicted a selling sentiment on its trading charts. Compound (COMP) displayed high levels of market volatility, which coincided with a period of a downtrend, hinting...Read More
Bitcoin broke past the $13,000-level over the last few days, before pulling back to $12,937, at press time. This has only furthered the cryptocurrency’s store of value narrative, with Michael Novogratz, CEO of Galaxy Digital, recently claiming that Bitcoin would not be used as a transaction currency five years from now. In fact, a lot...Read More
With Bitcoin seemingly consolidating just below the $13,000-level, buying momentum for most alts has also subsided over the weekend. In fact, technical indicators for NEM and VeChain turned neutral from bullish as some selling pressure started to creep into the market. Cardano too seemed to lose bullish momentum as it faced rejection at a key...Read More
Despite an uptrend witnessed during the morning session and gains recorded by Bitcoin, the cryptocurrency market sustained heavy losses as most of the digital assets were painted in red towards the day’s end. Chainlink was down by almost 4.5% at press time with the digital asset seen hovering just above its immediate support level. The...Read More
Cardano was bullish on the charts and appeared to be posting gains after a pullback. Tezos lacked interest from the buyers to break out of the price range it was stuck within. VeChain dropped beneath a level of support and could be set to slowly slide downward in the coming days. Cardano [ADA] Source: ADA/USD...Read More
During press time, the entire market seemed to be on a downward trajectory. The global crypto market cap followed the trail recording almost a percent in daily decline. VeChain and EOS were poised for a southward price action towards their support levels, as mounting bearish pressure and low buying volumes existed for the two digital...Read More
XRP had formed a bullish pattern but was rejected and the pattern invalidated as the asset looked to be headed south. VeChain appeared to have lost a level of support it had held tenuously over the past few days. FTX Token surged to reach a level of resistance after breaking out of a month-long downtrend...Read More
EOS had recent positive fundamental developments that propelled price upward for the asset, although there were some signs of bearishness. VeChain faced significant resistance to any immediate hike in price and might lose a level of support if Bitcoin headed south. BitTorrent had a healthy amount of buyers in the market and might be working...Read More
The altcoin market, in general, appeared to follow the movement of Bitcoin, with the latter trading at $11,348, at press time. Polkadot formed a bullish pattern and could break out to test the next level of resistance. EOS was in a short-term uptrend, but it was unclear if buyers’ interest would facilitate the coin’s recovery....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
While under the current developments a major bearish market for digital assets may correctly identify a suppressed trading scenario for bulls, various technical indicators still suggest that a strong reversal cannot be ruled out during the course of the fourth quarter. However, altcoins like Polkadot, VeChain, and Basic Attention Token witnessed a strong descent to...Read More
Bitcoin stood at $10,700 and Ethereum struggled to climb past the $355 level. The market as a whole had a bearish outlook, although many assets showed short-term bullishness. Crypto.com Coin was bearish in both the short and medium-term, while IOTA formed a bullish continuation pattern that could take some more time to play out. VeChain...Read More
Chainlink made two attempts at an important region of resistance last week, but was rejected on both tries and could be set to post losses over the coming days. Cosmos could face rejection at its resistance once more but could post some gains in the short-term while VeChain was forming a bearish pattern and could...Read More
The most recent price dump in the crypto-market saw the world’s largest cryptocurrency Bitcoin’s price dive towards the $10,400-level, a movement that signaled worrying signs of bearish divergence across the charts. In fact, Bitcoin SV registered a bearish divergence during the day’s trading session, under a scenario of heavy capital outflows in the BSV market....Read More
