A new report shows the Dogecoin competitor, Shiba Inu, primed for massive declines this year, as most market players indicate ‘sell.’ Finder, a blockchain data platform, revealed that 73% of surveyed panelists supported the narrative that investors need to sell Shiba Inu. Finder interviewed 36 financial technology experts in April. The general narrative is that…
Though Litecoin isn’t a frontrunner within the cryptocurrency world, market players know it for being present no matter the case. The alternative token remains relevant due to its minimal and expansive use case. To date, traders/investors have backed on the use cases to recover losses. Litecoin Secures New Audience Another leading Canadian company introduced Litecoin…
Decentraland price lost some momentum after recording upsurges for two successive sessions. The alternative token opened lower before inching high amid sustained buying pressure. The increasing volume supported the current price movements as the market structure remains oversold. MANA saw its price retreating from higher-value areas after two successive sessions of uptrends. A bullish pattern…
Thursday trading sessions saw Bitcoin breaking beneath two crucial support barriers amid escalated bloodbath in the market. While its recent fall emerged because of a higher-than-anticipated US inflation stat, other factors send participants out of the crypto market. Bitcoin lost approximately 15% over the previous 24 hours to change hands near $26,848. The world’s leading…
Avalanche’s price outlook displays a bearish picture. Prices plunged towards the $37 mark. AXAX’s support sits at $36.4. Avalanche’s (AVAX) price outlook favors bears as it noted another drop within the past day. The market has maintained bearishness since May 5, 2022. The previous 24 hours saw AVAX at a loss again as bears stopped…
Axie Infinity buyers attempted to cool the intensified sell-off condition by securing reliable footing near the $28 mark within the past couple of days. As the retracement dragged to token towards multi-month lows, AXS chalked this phase in a downside channel within the previous month. The nearest floor remains crucial in detecting future price actions…
The cryptocurrency market sees a rough start to May. The space encountered two massive dips following announcements by Fed Reserve. The latest crash saw the market losing 3.7% of its value. Besides that, there’s new data that emerged and might worry investors. Stablecoins, USD Coin, and Binance USD show enormous volumes today. Surprisingly, the assets…
Cardano has its price staying above its last support zone. The alt seems primed for a more than 40% downside move. Though upward possibilities exist, they need substantial participation by bulls. Cardano’s price appears ready for massive downward actions from the $0.76 vicinity. Everything seems to support crashes for the token. From Ichimoku, Volume Profile,…
Tezos Price’s outlook presents bearishness today. The alt currently faces resistance at around $2.59. The current support for XTZ stands at $2.41. Tezos outlook reveals negative market actions today as XTZ prices formed a lower peak at $2.59 plus a lower low near $2.51. For now, the market structure hovers between resistance and support levels…
Ethereum price revealed interesting price actions since last week. Though the leading alt crashed down, ETH appears ready to present impressive upticks this week, moving higher to explore significant price levels. Ethereum On Recovery Mood Ethereum lost around 23% within the past month to print a swing low near $2,714. This move saw the alt…
The altcoin attracting everyone’s attention, ApeCoin, may steady around the $27 mark before this year ends. That is according to predictions by specialists at the Finder’s fintech industry panel. Dimitrios Salampasis is a financial technology lectures at the Swinburne University of Tech. He is among the highly bullish individuals as far as APE price is…
XRP sellers dodged a slight consolidation, stretching between $0.87 and $0.68, on 25 April. Losing the foothold freed trapped bearish strength and dragged the remittance token towards the January bottom support floor at $0.58. Vital Points XRP price plummeted by nearly 25.56% within the past two weeks. Possible fallout from $0.55 would cancel XRP’s bullish…
Market participants best know Solana for its low fees and high speeds. However, individuals highly drawn into the project also recognize Solana’s ambitious goals of attracting increased users and multiple developers in the crypto space. However, is Solana on its way to achieving the targets? The latest insight reports by Santiment on cryptocurrency projects and…
Bitcoin saw a plummet on Wednesday, losing a vital support floor and catalyzing colossal liquidation of the cryptocurrency marketplace. The crypto’s recent slump seems directly tied to the crash in US tech stocks. The previous 24 hours saw Bitcoin losing 5% of its value, changing hands near $38.5K at this publication. On the other part,…
Zilliqa maintained downward trends since the $0.230 ATH on 1 April. A recovery past $0.16 may offer ZIL what it needs to retest the range’s topside boundary at $0.133. A daily candle close beneath $0.097 will cancel the bullish narrative. Zilliqa (ZIL) presents an impressive recovery following the latest sell-off. This outlook shows bulls defending…
Shina Inu could erase the 36% rally that followed the Robinhood listing. The downward move pushes the meme coin into the demand zone of $0.0000219 – $0.0000246, suggesting a potential bullish impulse in the up-and-coming sessions. A 24hr candle close beneath $0.0000211 will cancel SHIB’s bullish thesis. Shiba Inu sees intensifying consolidation as the Dogecoin…
ApeCoin is a BAYC’s native token. The alternative currency saw remarkable upswings over the previous week. APE gained over 50% within a week as its developer community revealed a massive Metaverse project. Such developments saw the altcoin surging towards $18, even overtaking Decentraland (MANA) as the largest Metaverse coin. Nevertheless, some on-chain metrics saw substantial…
Ethereum stretched upward past $3,080 and $3.1K. ETH trades above $3,050 and 100hr SMA. ETH/USD’s 1hr chart shows a move past a crucial bearish trend-line with resistance at $3,060. ETH should clear the levels at $3,120 and $3,130 for extended upside in the short term. Ethereum gained momentum beyond the resistance of $3,050. A clear…
The privacy token Monero was among the top performers in the crypto space over the previous 24 hours, recorded massive uptrends. Liquidity squeeze triggered by some XMR traders attributed to the recent gains by the alt. XRM gained around 10% within the last day to explore $267.65, the highest mark since October. Also, the token’s…
The crypto market crashed today, alts such as Avalanche and Cardano tumbling more than Bitcoin. The world’s leading crypto lost more than 7% to $39,417. Remember, BTC has never crashed beneath $40K since 16 March. Ethereum, the 2nd-largest digital coin by market value, lost over 6% to lose the $3,000 mark. Also, the meme crypto…
Buyers shifted the trend to their favor as Shiba Inu climbed higher from the January lows. For now, sellers appear to build tension around the resistance zone at $0.024. (We will multiply SHIB’s prices by 1000 to ensure concision). A decisive close beneath the long-term Point of Control (liquidity range) would see the DOGE competitor…
Bitcoin climbed towards the $48K highs last week before retracing to trade beneath $44,000 at this publication. Though the bellwether crypto plunged into a demand zone, it isn’t clear whether a bullish BTC might trigger highs for XRP. Bears appear strong around the $0.88 – $0.92 range. The remittance token can plummet to the $0.75…
Ethereum kick-started massive declines from the resistance area at $3,530. The price now hovers beneath $3,400 and 100-hourly SMA. ETH/USD’s 1hr chart shows a massive bearish trend-line emerging with resistance at $3,460. The altcoin might encounter massive hurdles around $3,425, then $3,450. Ethereum launched a sharp drop from the $3,530 level. The 2nd-largest crypto by…
Loopring price tries to conquer the hurdle at $1.17 before triggering a swift run-up. Enthusiasts can see a 70% upsurge towards $1.96 with the bulls’ resurgence. A 24hr candlestick close beneath 41.03 will annul the bullish case for Loopring. Loopring (LRC) has seen a vertical upward move since 15 March but currently faces a critical…
Bitcoin sentiment analysis shows improvement from extreme fear to neutral within the previous month. Moreover, Bitcoin’s correlations with other crypto improved during the timeframe. That way, ADA, SHIB, and BNB highlighted bullishness on their respective short-term technicals. However, the overall directional bias requires improvements to support sturdy upside rallies. Cardano (ADA) Cardano experienced a move…
