Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice The Bitcoin price has been witnessing a constant surge followed by a mild correction. This surge was also witnessed in the altcoin market which may not have mirrored the growth equivalent to Bitcoin...Read More
Christmas seems to have come bearing gifts for Bitcoin. Adding cheer to the festival celebrations, the world’s largest cryptocurrency scaled beyond the $27,000 price level over the past few days. As a result, the broader altcoin market has also been surging on the charts. The question now is – Will altcoins be able to sustain...Read More
After Bitcoin breached the $27,000 resistance, a minor correction soon followed. However, the pullback was not enough to deter Cardano and VeChain from rising higher on the charts. As ADA and VET scaled past several milestones, Tron moved in the opposite direction and registered a drop in price. Cardano [ADA] Source: ADA/USD, TradingView Resistance at...Read More
XRP sank to $0.22 and has traded for most of 2020 at or under $0.3, with about 60 days only of trading above this mark. The short-term outlook for XRP was extremely bearish, although a dead cat bounce can occur. Cosmos saw rising bullish sentiment as it tested the $5.45 level of resistance once more,...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice The Chainlink [LINK] market has been moving to its own tune. The Bitcoin market has had only a marginal impact on the standing of the coin. After moving within a restricted range 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 With Bitcoin reaching new highs, the altcoin market is also marching along. However, the pace at which the altcoin market rallies is not the same as Bitcoin’s. With peaks noted recently, the Litecoin...Read More
Ethereum and Bitcoin posted some losses over the past few hours and many altcoins did as well. Bitcoin Cash formed a bearish divergence and slipped beneath a level it had sought to flip to support, and IOTA has seen rising selling pressure over the past few days. Zcash approached a pocket of liquidity with bearish...Read More
Ethereum saw a pullback after reaching a local high of $747. Tezos broke out of a triangle pattern but was forced to revisit a level of support, while Dash witnessed increasing selling pressure in the short term. However, it formed a bullish pattern on the charts, and conviction from the bulls could see its price...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One Disclaimer: The findings of the following article are the sole opinions of the writer and should not be considered investment advice Bitcoin Cash has been on an incline since late September, but over the past 4 weeks, it has become more turbulent. The crypto-asset...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One The altcoin market recovered somewhat from its recent losses, with many altcoins noting a short-term bullish outlook. Stellar Lumens appeared poised to move above the $0.156-level, but Waves was unable to breach its level of resistance as it noted consistent selling pressure over...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice With XRP facing the SEC’s proverbial ax and likely to see an exodus from exchanges, some people have questioned if Chainlink will...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One Chainlink surged past the $11.9-resistance level and knocked insistently on the $12.65-level’s doors. In fact, it could climb past it as well in the coming days. Aave was trading within a range, but had a bullish short-term outlook. FTX Token saw consistent buyers’...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One EOS registered a short-term hike in buying volume, but it might not be enough to stave off the next wave of bearish pressure. NEM showed short-term bearishness as well and could be forced to test $0.2 as support once more. Decred, on the...Read More
Despite Bitcoin’s rising market dominance, further gains for ETH against the US Dollar meant that many altcoins posted gains as well. Binance Coin appeared set to rise past its local high at $35.69, while Maker had strong bullish momentum behind it as it flipped a level of resistance to support. Finally, Neo registered weak bearish...Read More
Both Litecoin and Vechain registered strong bullish momentum on the price charts. Litecoin rose past its previous local high at $124 and the bulls targeted the $145-mark. VET broke to the downside of an ascending triangle pattern, but it recovered backed by good trading volume and it could test the $0.0178-resistance level once more. Finally,...Read More
Bitcoin’s rising market dominance meant potential trouble for the altcoin market against USDT, even as the alts bled out against BTC. Tezos slipped under a crucial level of support and it could post further losses in the coming days. Ontology registered a bearish divergence and it could be set to visit $0.42-lows. Enjin approached the...Read More
Bitcoin rose above $27,000 on the 27th of December and it was trading at $27,597, at press time. Tron registered some gains over the past couple of days, but its recent losses reinforced bearish pressure on the market. Algorand met consistent selling volume and could be heading back downwards, while Zcash could be poised to...Read More
Monero rose to touch its two-year high and was strongly bullish on the charts. Ethereum Classic approached the $6-level with strength, but it could be set to see some sideways trading within the $6-$6.15 pocket of liquidity. Dogecoin also recovered strongly from the latest drop and was likely to see further upside. Monero [XMR] Source:...Read More
At the time of writing, Bitcoin had surged past $27,000 and it was on its way to breach yet another price level – $28,000. On the back of Bitcoin’s exponential movement, its fork, Bitcoin Cash, rose on the charts too. Bitcoin Cash flipped the $326-level from resistance to support. Further down the charts, DigiByte went...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Binance Coin’s market has not been as volatile as the rest of the altcoin and Bitcoin market. In fact, it was only recently that BNB’s value breached its immediate resistance at $31.92 following...Read More
The plummeting ETH/BTC pair was proof that Ethereum was unable to keep up with Bitcoin’s price rise on the charts. The altcoin market, as a whole, recovered somewhat after the dramatic drop before Christmas, but it began to shed value once more soon after. Bitcoin SV registered a hidden bearish divergence and could be driven...Read More
Bitcoin’s correlation with the broader market is usually symbiotic. When the world’s largest cryptocurrency rises, altcoins follow suit and they usually move upwards. As expected, the likes of Bitcoin Cash and Augur took Bitcoin’s lead and registered price hikes. However, there have been instances when altcoins have moved in the opposite direction. VeChain was one...Read More
Some of the market’s large-cap altcoins had a bearish outlook to them. Stellar Lumens moved under the $0.156-level once more and could lose the $0.145-level of support as well. Compound indicated that it was likely to continue the bearish trend of the past few days, while Polkadot faced resistance from the $5.4-region of supply. Stellar...Read More
With Bitcoin’s price rising steadily on the charts, altcoins like Litecoin and Dogecoin have followed suit. However, the said movement wasn’t universal, with STEEM bucking this trend and moving lower on the charts. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin’s 4-hour chart highlighted the cryptocurrency’s price surge in the month of December, a surge that saw...Read More
Bitcoin’s rising market dominance meant that Bitcoin was still outperforming most altcoins, with the same climbing to 69.75%, at press time. EOS settled into a phase of consolidation above the $2.6-support level after the rejection at $2.72. Finally, Basic Attention Token‘s charts suggested that it was on a downtrend, while NEM consolidated under a level...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice The cryptocurrency market is once again rising to the tune of Bitcoin’s movement. As the world’s largest cryptocurrency climbed to $25k, albeit briefly, the rest of the market rallied too. Although not at...Read More
While Ethereum did move to the upside of the $615-zone, there was no breakout yet for ETH as $637 posed dogged resistance. On the contrary, IOTA traded within a range that extended from $0.288 to $0.32, while Dash showed it could be poised for a minor dip in the coming hours. Ethereum [ETH] Source: ETH/USD...Read More
Chainlink fell down to $8.72 on the charts, but it bounced back and it could reclaim the $11.9-level as support. Decred was poised for a breakout towards $40, while Waves saw a lot of selling over the past couple of weeks and it found stiff resistance around the $7.3-region. Chainlink [LINK] Source: LINK/USD on TradingView...Read More
23 December 2020, will be a day XRP holders would want to forget. The 52.92% drop during a 24-hour window indicated a catastrophic impact following news breaking regarding SEC’s decision to file a lawsuit against Ripple. Market corrections took charge the next day, and the coin managed to register a position above $0.33. While the...Read More
After Bitcoin noted a gain in price, altcoins Ethereum, Ethereum Classic and Cardano followed suit and rose along with the broader market. Ethereum [ETH] Source: ETH/USD, TradingView ETH’s 4-hr chart showed that prices have been consolidating between $575.50 and $637.46 for the past 4 days. At press time, the world’s second-largest cryptocurrency was rising along...Read More
