Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. A few days ago, FIFA announced Algorand to be its official blockchain to empower “the global football community with cutting edge, sustainable technology”. This could boost its reputation in the mainstream and drive adoption.Continue reading “Algorand: Despite mild strength, bears could force reversal at this level”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The Crypto Fear and Greed Index stands at 23, meaning extreme fear. While this metric is not to be used when trading, it does use volume, social media, and surveys to arrive at aContinue reading “TRON: TRX surges as the rest of the market bleeds, is this trend genuine”

Bitcoin has steadied itself within the $35.8k to $36.2k zone and could spend a considerable chunk of the weekend within this area. Monero and Zilliqa looked likely to test their demand areas once more. XRP had a more neutral outlook on shorter timeframes. Monero (XMR) XMR has a bearish outlook on the charts. It hasContinue reading “Monero, Zilliqa, XRP Price Analysis: 07 May”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The play-to-earn game STEPN was an attempt to revolutionize the fitness applications market. It had a successful IDO in March 2022, and the price of its token GMT has rocketed to $3 late inContinue reading “STEPN: Is there cause for concern as GMT retraces all of its gains made in April”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin has been weakly bouncing from the $38k support level, and on the previous day, it dropped decisively beneath this mark. This did not bode well for Shiba Inu bulls. SHIB has already beenContinue reading “Shiba Inu: As selling pressures intensifies in SHIB, here’s how far it can fall”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Data from Coinglass showed that the Futures markets had a higher percentage of short positions open than longs on Bitcoin. In the past 24 hours, $430m worth of positions were liquidated across the market,Continue reading “Loopring [LRC] rejected at $0.84, could it see merry days next week”

Bitcoin fell by 9% the previous day, and across the altcoin market, short-term bullish setups were mercilessly wrecked. Just when coins like Bitcoin Cash and EOS appeared to break past their respective resistance levels, the intense sell-off forced them to suffer a sharp drop in prices. Curve Finance looked ready to shed more value onContinue reading “Bitcoin Cash, EOS, Curve Finance Price Analysis: 06 May”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. A pattern with Bitcoin’s price action and the FOMC meetings suggested that Bitcoin could see a bounce toward $45k over the next month. RUNE saw a strong bounce and a shift in market structureContinue reading “THORChain: Assessing the chances of RUNE reaching the $10 mark”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum Classic has been in a downtrend throughout April, although this trend has been interspersed by strong bounces in price. In the past two weeks, ETC has been sliding lower down the charts, andContinue reading “Will Ethereum Classic’s [ETC] recovery from this significant level sustain”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Why exactly did Bitcoin climb past $39k again? A capitulation beneath $37k was expected, but instead, the charts showed that the blood bath was cut short rather than being extended. Zilliqa was one ofContinue reading “Zilliqa [ZIL] registers gains of 45%, but shorting opportunity could arise at…”

The crypto market saw a surge in the past 24 hours after Bitcoin bounced to $39.8k. LooksRare and ApeCoin saw a strong rally in the past two days as well. APE, in particular, could have reacted positively to the surge in interest from an Elon Musk tweet. In any case, the market structure for theContinue reading “LooksRare, ApeCoin, Zcash Price Analysis: 05 May”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Solana investors had reason to worry based on the token’s performance on the charts. The network also suffered yet another major outage recently as NFT mining bots sent millions of transactions to the network,Continue reading “Will Solana [SOL] be able to repair investors’ confidence in May”