After weeks of bullish movement, it would seem that the larger crypto-market has come to a grinding halt, with bears ruling the roost now. When Bitcoin gradually fell on the charts after having failed to sustain a beach of $12k, so did the market’s altcoins. At the time of writing, most of these alts, including...Read More
As the rallying market came to a grinding halt over the past week, most cryptocurrencies recorded corrections on their charts. The impact of the downtrend suffered by the Bitcoin market was also shared by its hard fork, Bitcoin Cash [BCH], as well as other major cryptos in the market, including the likes of IOTA and...Read More
Tezos, the cryptocurrency ranked 14th on the charts with a market cap of $2.38 billion, has been hurt following the token’s recent depreciation. The fall in question was worth around 26%, with respect to the price’s press time position at $3.29. There are two trades that can be taken here; the first is the short...Read More
Disclaimer: The findings of the following article should not be taken as investment advice and the latter is the sole opinion of the writer Bitcoin has been under immense bearish pressure lately. For the 2nd time in a week, Bitcoin tested its support line at $11,361. In fact, it was also observed that Bitcoin had...Read More
Synthetix is the only bullish crypto among the likes of Ethereum and Maker, with the latter two pointing to a bearish retracement on the charts soon. Ethereum’s development has been slow. However, altcoins like Synthetix and Maker are playing a crucial role in DeFi – a budding ecosystem. Ethereum [ETH] Source: ETHUSD on TradingView Stuck...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Chainlink’s long-term market and its impact on the price The last few weeks have contributed to the crypto-market noting a rally and later, a correction. Chainlink [LINK] has proven to be a popular altcoin lately, with its low correlation with the...Read More
With the present market overwhelmingly bearish, many major altcoins seemed to be struggling to hold their high valuations on the charts as a series of corrections ensued. While the decline has remained minimal over the last 24-hours, the charts of a few crypto-assets seemed to suggest that further downtrend movement could follow in the coming...Read More
The cryptocurrency market witnessed a slow week. The values of major crypto assets were witnessing corrections. However, on one hand, where major assets were reporting only 9% gains in August, small-cap assets were up by more than 50%. XRP Source: XRP/USD on TradingView The XRP market had been deprived of volatility since the second-half of...Read More
Bitcoin was trading beneath its support zone at $11,400 while Ethereum also dipped to support at $371. The weak performance of these giants prompted other coins to follow suit. Zcash and EOS have also been caught in a downtrend and showed no signals of reversing the trend. Algorand showed a possible bull pattern but it...Read More
Ethereum Classic has dropped sharply since rising above $7.5 almost two weeks ago. It signaled that a further decline in price could occur. Monero also failed repeatedly to hold on to support levels. Monero could lose 10% in value over the next few days if its immediate support fails. Litecoin had also been sliding in...Read More
XRP fell 6.80 percent on 25 August. The collective altcoin market noted a depreciation of $12 billion which summed up the recent bearish episode of the August crypto cycle. As the month draws towards a conclusion, the valuation cycle seems to be coming full circle as some of the assets were potentially looking at 20-30...Read More
Cardano’s surge, like most altcoins, seems to have come to standstill. The price of ADA has dropped approximately 23% in the last week and 6.7% in the last 24 hours. Cardano 1-hour chart ADAUSD TradingView At press time, ADA was trading at $0.1140, and, by the looks of it, it might slide lower in the...Read More
The 24-hour chart marked one of the strongest correction periods for the collective cryptocurrency space in August. Bitcoin re-tested its support range from $11,400-$11,200 at press time. Taking the king coin’s cue, its forked cousin Bitcoin Cash followed behind and depleted towards a critical range as well. At press time, Bitcoin Cash was valued at...Read More
Binance Coin made gains in the past few hours and looked to have reclaimed a support level. Whether this is successful will be revealed in the next few sessions of trading. BAT was retracing gains made during the recent surge. TRX dropped in value almost as quickly as it gained, and it indicated further bearishness....Read More
Bitcoin registered another drop to $11,100 and Bitcoin mining difficulty hiked by 3.6%. Most of the altcoin market followed Bitcoin into the red zone and saw a continuation of the downward trend. Source: Coinstats Bitcoin SV and Tezos set lower highs and could test support. ATOM had been making gains before Bitcoin’s dip and looked...Read More
In the long-term, multiple metrics seem to suggest Bitcoin will command a price in the 6 figures. However, short-term analysis saw Bitcoin fail to break past $11,800 and could be set to drop back to $11,300. Source: CoinStats The major altcoins also show some indecision and bearishness. Binance Coin indicated a possible drop of almost...Read More
Cardano has been moving steadily along its long-term development plan, launching Shelly last month while the Ethereum Classic network had revamped its security measures to prevent further attacks after exchanges lost millions in a recent 51% attack. In the short-term, Cardano and XLM are in a downtrend, while ETC showed little momentum either upward or...Read More
Disclaimer: The following price prediction should materialize in the next couple of weeks. Ethereum recently broke back above $400 but doubts continued to surface as the price fell below the resistance again. The bearish pressure has been prevalent but over the long-term, once the pressure subsides, ETH is still at the right place in terms...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Litecoin short-term market and its impact on price. Bitcoin’s price taking a downward route has forced most altcoins to similarly on the charts. Among these alts was Litecoin [LTC] which is also referred to as the digital silver. LTC lost 11% of its...Read More
The amount of turbulence depicted by the altcoins is significant at the moment. Even though the trend is overall bullish, some of the assets are trying to re-test higher price points to consolidate above their supports. Over the past-day, Bitcoin Cash was able to sustain a bit of recovery whereas Zcash declined on the charts....Read More
Chainlink was caught in a retracement that could extend further. After setting ATH recently, this is to be expected of Chainlink, especially when we consider well-known personalities such as Dave Portnoy tweeting about Chainlink and Bitcoin, and the FOMO he could have induced in the past weeks. BAT and ATOM maintained bullish momentum but showed...Read More
After a couple of days of bearish pullback, the collective crypto industry breathed a sigh of relief as major altcoins registered a minor uptick to keep pace with its overall bullish trend. Although bearish signals were still evident in the markets, the past 24-hours have highlighted a sea of green signals all across the board....Read More
A slowly sliding Bitcoin dominance is once again paving the way for altcoins to make gains in the medium to long-term timeframe. At the time of writing, Ethereum was trading at $406 after a drop over the weekend. Zcash experienced a 15% surge before falling to support. Stellar showed mixed signals on the short-term, and...Read More
Chainlink aka Link’s run from March to August has been good, especially in terms of its price appreciation. The cryptocurrency went from being valued at less than $2 in March to being overvalued at $20. This exponential rise came at a time when defi was soaring. In part, the defi craze has to be the...Read More
Ethereum’s recent decline seems to be in recovery considering the coin’s 5.3% surge in the last 24 hours. This surge comes as the price breaks out of a bullish pattern. This has larger implications of a potential surge ranging between 9% and 11%. Ethereum four-hour chart ETHUSD TradingView The chart showed ethereum’s descending parallel channel...Read More
Decred, Monero and Cosmos all registered big gains in the past few days. Monero could not hold on to levels it briefly claimed. Decred showed likelihood of testing support levels before a continuation of the previous uptrend. ATOM was ripe for a minor correction, and the next few days will reveal the strength of its...Read More
After consolidating for a good three weeks above $200, Bitcoin SV finally dropped below long-term support on 21 August. The depreciation seemed inevitable over the past week, as a consistent array of price drops led to BSV’s new price range. With a market cap of $3.67 billion, the asset is currently in close proximity with...Read More
After Bitcoin’s dip to $11,400, the crypto market saw red for many coins over the weekend. At press time, Bitcoin was staging a possible recovery upward priced at $11,760. Large-cap altcoins also saw modest price gains and some indicated that their pullback was complete, and the previous uptrend might continue. Litecoin was holding on to...Read More
Bitcoin Cash and Doge have spent August bouncing from support to resistance. At press time, both coins lacked momentum to force a big move up or down. The direction they are heading towards might be better gauged in the next few days. Ethereum Classic was able to defend support but did not offer anything else....Read More
The ongoing Bitcoin price rally is lucrative to traders on spot and derivatives exchanges, however, there are several factors that may influence the trajectory of the coin. This article takes a deep dive into the red flags to look out for. Looking at Bitcoin’s 24-hour change, the change is less than 0.50 percent, and weekly...Read More
