Bitcoin dipped to $29.2k on 16 May but was able to climb back above $30k in the past few hours. The heavy trading volume of the past few days was unable to keep BTC below $30k, and a bounce upward could be seen toward $32k and even as high as $36k. This, in turn, couldContinue reading “Chainlink, MATIC, and SushiSwap Price Analysis: 17 May”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Data from Santiment showed a dramatic increase in transaction volumes for Ethereum in the past two days. Moreover, the number of addresses at a loss on the Ethereum network reached a new ATH, which wasContinue reading “Ethereum lovers should watch out for these levels in the weeks to come”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin faced some resistance at the $30.8k level as it formed a hidden bearish divergence with a momentum indicator on a higher timeframe, and the price of BTC slipped beneath the $30k mark once again.Continue reading “Apecoin’s rejection from $9.5 level says this for its short-term technical view”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Decentraland is one of the largest metaverse projects in the crypto ecosystem, but its token MANA has been on a steady downtrend in recent weeks. After a brief foray beneath the $0.72 support, the priceContinue reading “Decentraland: MANA reaches a resistance zone, is it time to go short?”

BTC/USD Long positions on Bitfinex skyrocketed in the past couple of days and encouraged traders to believe that the local bottom was in for Bitcoin. BTC did indeed bounce from $28.8k to $30.8k but fell once more to trade at $29.3k at press time. The altcoin market followed in Bitcoin’s footsteps on the chart. XRPContinue reading “XRP, GALA, and Shiba Inu Price Analysis: 14 May”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. There have been some positive developments behind Cardano in the past few days. The Cardano community had voted on the Project Catalyst Fund seven back in March and will soon be voting on FundContinue reading “Cardano: Despite demand at $0.4, here’s why ADA’s path to recovery seems bleak”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Uniswap is one of the largest decentralized exchanges with liquidity that dwarfs centralized exchanges such as Binance and Coinbase. However, the size and depth of the market did not necessarily reflect on the priceContinue reading “Uniswap: Analyzing why UNI remains an attractive bearish bet”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. In April, Bitcoin and most of the altcoin market as well were in decline, but GMT rallied from the $2.1 support, as high as $4.17 in late April. However, in the past two weeks,Continue reading “STEPN [GMT] rallies but is demand conspicuously missing”

Bitcoin moved past the $30k mark in recent hours after finding some support at $28.5k, and this move upward prompted many altcoins to rally. Decentraland saw a 45% rally in recent hours, and EOS flipped its bias toward bullish after a week of intense selling. PancakeSwap could see a quick move above the $5 areaContinue reading “Decentraland, EOS, PancakeSwap Price Analysis: 13 May”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Earlier this week, the MimbleWimble upgrade was announced for Litecoin and the price had zero bullish reaction to this news. This is actually a common feature of bearish markets, where fear moves the price andContinue reading “Litecoin [LTC] investors could watch out for these levels in weeks ahead”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice XRP has lost 30% on the charts in the past 48 hours, and the market structure was strongly bearish in the low to medium time horizons. A bullish divergence on the hourly chart set upContinue reading “XRP holders say ‘je n’en puis plus’ as selling magnifies”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Capital preservation is of utmost importance to traders and investors alike. In times of such aggressive volatility, fence-straddling becomes a valuable skill. One would see multiple altcoins lose double-digit percentage points, and look to shortContinue reading “Bitcoin- Buy the dip or not? Your guide to the bear market”