Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice With new IEOs and DeFi products being launched continuously, Binance Chain and Binance coin have both been doing well. The token has evolved from being just another ERC20 token on ETH to a coin with...Read More
Stellar Lumens was approaching its resistance level and appeared to possess the bullish momentum needed to flip the level to support. Further down the crypto-ladder, Basic Attention Token attempted to break out to the upside, but was denied by the market’s bears. Enjin, on the other hand, was heading towards a period of low volatility....Read More
Litecoin, like many altcoins in the market, has seen its price drop on the charts. At press time, a consolidation after the aforementioned drop seemed to be ongoing, following which, LTC may be due for a small pump. Overall, Litecoin’s price was observed to be up for a small pump, one that could turn bullish...Read More
Bitcoin was trading at $11,416, at press time, and commanded a dominant share of 59% in the market. Its fork coin Bitcoin Cash exhibited a bullish signal as it traded just under an important level at $252. NEM, on the other hand, invalidated a bullish pattern at the behest of steady selling pressure on the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered as investment advice Bitcoin‘s price movement over the previous week seemed to have formed a curve, one perhaps hinting at a potentially bullish pattern that could push BTC to $11,700. At press time, Bitcoin was trading at...Read More
At the time of writing, Ethereum, the world’s largest altcoin, was trading within a range, and a close outside the range would give traders clarity on the next direction for the crypto-asset. At the time, the Crypto Fear and Greed Index was noting a figure of 55, a figure that might be an indicator of...Read More
Bitcoin SV has noted quite a lot of volatility in its valuation over the past few weeks. Although it failed to note a trend in the short-term, it might be forced lower on the charts in the coming weeks, unless the bulls stepped in. Augur was trading within a price range, but might be able...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
The figures for Bitcoin flowing into exchanges were below their 90-day average this week, with a drop in supply seen as a bullish sign for the world’s largest cryptocurrency. Further down the crypto-ladder, however, EOS could not hold on to the recent gains it made, while Algorand was forced to drop to a region of...Read More
Zcash and Maker although still not bullish enough, were definitely displaying signs of short-term positive price reversals, as the selling pressures for the two digital assets continued to weaken. Bitcoin SV however, seen making a bearish breakout below its trendline, could witness a few more bearish sessions, as the bulls were yet to solidify a...Read More
Binance Coin was retracing some gains as BNB bulls took profit, and was likely to resume the uptrend in the coming days. IOTA was headed downward, as was Basic Attention Token. However, both the assets might be able to effect a short-term bounce in the coming days. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance...Read More
Having witnessed positive price fluctuations on the daily charts for top digital assets Bitcoin and Ethereum, the rest of the cryptocurrency market appeared to be heading for a bullish revival. With some bullishness witnessed on its hourly chart, Litecoin could be seen targeting its overhead resistance soon. While the possibility of a stalled bearish drag...Read More
Chainlink was trading at a region of strong support and was poised to break out. The correlation between LINK and BTC has been dropping and the asset might begin another ascent regardless of Bitcoin’s direction. At press time, Bitcoin was trading at $11,335 with a 24-hour trading volume of $104.7 billion. Source: CoinStats Stellar Lumens...Read More
The entire digital assets market lately has been a sort of rollercoaster ride over the last week. The largest altcoin Ethereum noting successive drops over the last few days could finally be in for a bull run. The Algorand market displayed mixed signals of buying and selling sentiment. While expectations around a bullish break out...Read More
Crypto.com Coin displayed a possibility of sideways consolidation on its trading charts, indicating a slight drop in selling pressure. Marked by stiff resistance and downward price action, the Synthetix market is unlikely to witness any immediate price recovery. Dash too noted short term bearishness at press time, could soon dive back down to its support level....Read More
Bitcoin was trading at $11,344 while Bitcoin Dominance stood at 60.15. The Bitcoin Dominance has been rising slowly since early September, showing that altcoins were facing losses in the market. Polkadot, Cosmos and Ontology toiled under bearish pressure. Polkadot [DOT] Source: DOT/USDT on TradingView The MACD generated a strong sell signal as it had formed...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
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on the price. The value of Bitcoin Cash has been on a downward trajectory since the news about the OKEx fiasco unraveled. The sudden fall was followed by a gradual descending price which...Read More
Bitcoin’s price was rallying before CFTC charges hit BitMEX, and immediately after, retail traders started scaling back positions on BitMEX. Open interest in XBTUSD perpetual contracts on BitMEX dropped to 55000 BTC. BTC Perpetual Swap Funding Rate || Source: Skew The funding rate dropped below -0.05% in the first week of October in response to...Read More
The Crypto Fear and Greed Index stood at 56 as Bitcoin held onto the $11,300 price level. The narrative of “Bitcoin is a hedge against inflation” was just one of many reasons that giants in the financial services sector or other investors acquired Bitcoin. Bitcoin serving no “singular” purpose, but multiple ones were bullish for...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
Binance Coin despite its immediate bearishness on the hourly charts, remained strong in terms of buying volumes, that might help BNB in its price recovery over the next few days. Cosmos too, although bearish for the day, could be poised for price recovery soon, given its overall uptrend and weak selling pressure. While Stellar Lumens indicated...Read More
For Bitcoin SV, breaching above $165 has become a formidable task. Since the start of September, the valuation has attained a position above $165, only to face a subsequent drop below the resistance. Over the past few days, a similar trend has followed in spite of its legitimacy to remain above $165. Bitcoin SV had...Read More
Corrections seemed to be the norm across the board, at the time of writing, after most of the market’s altcoins depreciated on the charts as Bitcoin consolidated its own position. While the likes of Tezos, IOTA, and Crypto.com Coin did climb on the back of Bitcoin’s movement, these alts were soon on their way down...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
Despite talk of an altseason rearing its head a few months ago, it would seem now that most of the market’s altcoins have reverted back to following Bitcoin’s lead. The world’s largest cryptocurrency fell below $11k in the first week of October, following which, BTC was quick to climb and hold a position above the...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Ethereum short-term market and its impact on the price. The sudden surge in the price concluded on 13 October, as Ethereum’s price has been descending since. As the price appreciated there have been some bumps in the way downwards that...Read More
As mentioned in a previous article, Litecoin‘s price has followed through with a bullish breakout. This changed the previously ambiguous situation into a bullish one. A deeper look into Litecoin’s price movement and indicators will reveal what the bulls/bears have in store for LTC. Litecoin 1-day chart Source: LTCUSD on TradingView The one-day chart for...Read More
Polkadot has struggled somewhat to record a surge in price after the DeFi craze died out. However, the cryptocurrency seems to have good potential for a scalp, but the bulls need to pull through for the same as this pump isn’t going to be easy. At press time, DOT was barely holding above $4, and...Read More
While the altcoin Enjin continued to record losses as it fell below crucial support levels, Waves remained bullish after it recorded heavy buying pressure on its trading charts. Cardano, on the contrary, could repeat its bullish trend from a few days ago. In fact, Enjin was seen forming a bearish rectangle pattern, one that might...Read More
