The bull cycle from $37,776 trend-line support pushed Bitcoin prices towards the monthly resistance at $45,000. Remember, the bellwether crypto has encountered many rejections in this area for nearly three months, approaching it for the 5th time. Do buyers have the needed strength to reclaim the value area? Bitcoin price has climbed within an imminent…
Avalanche (AVAX) had its price coiling up for more than two months before breaking out of the technical formation. Though the breakout is bulls, it encounters obstacles that threaten to erase all gains acquired over the previous week. Market players should concentrate on this week’s AVAX action for what the alt’s future holds. Threats Persist…
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ETH price overcame $3,000 as enthusiasts awaited for the Merge, a milestone update on the Ethereum mainnet. The alt’s platform has burned approximately 5 billion Ether tokens as the PoS transition nears Crypto analysts trust ETH is ready for a 20% ascent following a price bounce. The current upside move might see Ethereum price posting…
Shiba Inu and Dogecoin saw bullish moves during the weekend, with SHIB gaining approximately 8.20% over the past day. The leading meme coins led gainers after trailing broad markets amid Friday sessions. SHIB and DOGE overpowering their 100-day exponential moving averages had vital technical indicators turning bullish. Dogecoin and Shiba Inu displayed bullish motions on…
A breakdown from ascending trend-line shows MANA’s continuation setup resulted in sellers’ favoritism. Furthermore, the retest phase authorized the prior support to resistance. Will the metaverse token sustain the bearish pressure to plunge towards January’s lower support of $2? Let’s dig dip. Vital Points MANA price chart displays a post-retest bearish bias continuation. Decentraland buyers…
The broad crypto market sees strength, registering a 5% recovery within the past day. A surprise move had Bitcoin bouncing back 7%, climbing past the $41.5K mark. The ongoing uptrends come after the market saw massive volatility last week. It appears the market is responding well to the coming executive order by the Biden administration….
SHIB price action remains within the broad triangle with $0.00002100 support and $0.00002700 topside level. The alt sees knee-jerk recovery as peaceful negotiations between Ukraine and Russia suggest a potential relief for the markets. Expect a near-term return to $0.00002400 by SHIB, eyeing an upward aim at $0.00002600, suggesting 11% gains. Shiba Inu (SHIB) price…
Cardano’s total value locked gains 194,000% since 2022 January. A renowned Cardano fan tweeted about the impressive growth in TVL of ADA locked in various DEC within two months. Cardano_Whale, a Twitter user, posted ADA total value locked in Cardano has increased by 194,000% since 7 January 2022. The update shows AD’s total value locked…
Rune’s awaited mainnet launch propelled the coin’s price to the latest highs at $6.01. Also, Terra integrated into the THORChain network, allowing the protocol to support Cosmos-related projects. The THORChain platform hit 1.5M decentralized permissionless swaps. THORChain ($RUNE) token surged by 76.25% within the week. THORChain is a blockchain platform developed through Cosmos SDK, a…
ETH had its price climbing past 50-day Simple Moving Average at $2,853, suggesting increased buying pressure. Success in retesting the 50-day Simple Moving Average will authorize a breakout, targeting $3,200. A 12Hr candle close beneath $2,558 will form lower lows and cancel ETH’s bullish thesis. Ethereum (ETH) has its price movements stuck between two massive…
Though Algorand witnessed remarkable gains from February lows, it showed vulnerability. A decisive close beneath its pattern might see ALGO retesting $0.79. Moreover, Ethereum Classic registered a bullish flip on the EMA Ribbons. Bulls defended 20EMA to avoid a fallout. Axie Infinity climbed past its Simple Moving Averages while its Relative Strength Index overturned from…
The SAND price might witness a steady bullish run as the altcoin creates a triple bottom pattern. A surge in buying momentum might propel Sandbox by 57%, tagging the psychological mark at $5. However, a 24hr candle close under the support of $2.69 will violate the bullish narrative. Sandbox price formed a bottom reversal setup…
Ripple price remains stuck beneath a declining resistance level, bears hammering the token’s uptrends. A plunge to retest the demand territory at $0.56 – $0.63 would be crucial in catalyzing a 35% upsurge to $0.85. A 6hr candlestick close beneath $0.56 will cancel the bullish narrative. Ripple (XRP) has recorded steady downswings with lower peaks…
LUNA tested 78.6% FIB resistance amid market recovery. Moreover, the alt dips into overbought conditions. Avalanche witnessed decent increases within the past few sessions, swaying beyond 20-50-200 Simple Moving Average. Meanwhile, $0.06 remains a crucial level for Tron in detecting potential breakouts. Terra (LUNA) LUNA registered a 50.11% decline after losing the $86 level, hitting…
Bitcoin saw extended drops beneath the support levels of $40K and $39.5K. The price hovers below $40K and 100-hour SMA. The hourly chart shows a vital bearish line merging with $39.5K resistance (Kraken data). The pair might see higher corrections, but $40K might limit further upside. Bitcoin downswings saw the coin losing the vital support…
SOL’s rejection around the bearish breaker led to a 27% drop. Enthusiasts may expect Solana to rebound from the $65.91 – $81.99 demand territory and gain 41%. A daily candle close under $65.91 will annul SOL’s bullish narrative. Solana price encountered massive rejection on 7 February as the alt challenged a critical resistance before suffering…
Dogecoin should overcome the resistance confluence of around $0.163 for massive upward moves. A daily candle close beyond this obstacle will likely unveil an 18% upside to $0.194. Meanwhile, losing the support level of $0.128 will cancel DOGE’s bullish thesis. Dogecoin price remained stuck with lower peak since hitting its ATH in 2021 May. Recent…
The past fourteen days saw GALA forming a consolidation phase near $0.18. Subsequently, the alternative coin broke past the highs of $0.23, establishing a short-term bullish structure. The shift in market sentiment had GALA highlighting bullishness on its respective charts (in the near term). Will buyers drive the token higher? GALA One-Hour Chart GALA was…
LTC price forms an inverse head-shoulders pattern, hinting at a 27% upsurge. Though the bullish stance, multiple substantial obstacles plague LTC’s journey to $167.05. Breaching the support floor at $103.82 will cancel Litecoin’s optimistic case. Litecoin price saw roller-coaster actions within the previous month. Though the alt lost a considerable market value, it appears to…
Cardano’s price could not sustain its upward moves, leading to a 37% fall within the previous month. The alt might lose 20% towards $0.80 if it fails to keep the psychological area of $1. A 24hr candle close beyond the 50-day Simple Moving Average at $1.20 will reveal a potential upward move. Cardano’s price exhibited…
The canine-themed token Shiba Inu sees a retracement following an impressive upward rally over the past week. The alt faces a crucial support zone. Will the barrier hold? Vital Support zone – $0.000028. Vital resistance zone – $0.000034. The past week saw Shiba Inu gaining more than 50% to touch the vital resistance zone around…
The cryptocurrency market continued with upward movements. The world’s oldest digital coin, Bitcoin, gained more than 3% over the past day, trading around $44,811.17. Let us check the day’s losers and gainers. The global crypto market capitalized gained 1.15% within the past 24 hours towards $2.02 trillion. Meanwhile, trading volume dropped by 24.77% to $77.78…
DOT price lost over 5% within the last 24 hours, moving to the lows of $21.21. Trading volume surged around 25%, confirming the bearish case. Sellers set stop-losses at today’s peak of $23, eyeing profit-taking. Polkadot (DOT) remains largely bearish today as the alternative token lost more than 5%, hitting low levels of $21.21. The…
Shiba Inu was among the alts with impressive upswings since last week. With that, it challenged the Point of Control that provided the highest liquidity for almost three months. Moreover, VeChain and Binance Coin had short-term technicals projecting 1-sided bullish favoritism. Meanwhile, the trio indicated overbought RSI that may target to test immediate supports. Shiba…
