Bitcoin was unable to breach the $45,500 local highs and had also fallen below the $44,400 and $42,000 support levels, all within the past week. This implied that SAND had been recovering well from the sell-off in January. Early February was bullish for the coin as it climbed past the $4.44 resistance level- but itContinue reading “Should SAND holders practice caution as rough days lie ahead”

One of the largest lending protocols in the market, the Aave protocol had $9.9 billion in TVL and its native coin had a market capitalization of $2 billion. On the charts, the token has been on a downtrend since mid-September. In early February, the coin gained some bullish momentum and demand which appeared likely toContinue reading “This supply zone is quickly becoming a bottleneck for AAVE”

Recently, the SEC’s Gary Gensler was asked for his opinion on whether XRP is an ‘unregistered security’. While he refused to comment in-depth, he did remark that the SEC was ‘trying to do is help continue with that basic bargain’. The basic bargain being anti-fraud protection as well as full and fair disclosure to theContinue reading “The perfect entry point for XRP and why you should wait no more”

Bitcoin took a bearish turn in the past 24 hours when the price was unable to climb above $44.5k resistance and instead dropped below $42k to trade at $40.6k at the time of writing. Bitcoin Cash was strongly influenced by Bitcoin’s move. A bounce toward $327 for BCH would be for selling, while a dropContinue reading “Exploring the short-term bearish and bullish cases for Bitcoin Cash”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Avalanche has been bullish on the charts on lower timeframes since late January when it repeatedly knocked on the $73 resistance level before breaking above it. On a longer-term outlook, Avalanche has looked weak sinceContinue reading “This is where AVAX is headed in the next seven days”

The steady downtrend since early December appeared set to continue as Solana was unable to flip the $116 level from resistance to support. The coin was ranked the eighth cryptocurrency, with a market capitalization of $31.5 billion. Even so,  there have been reports of congestion issues on the network as well as exploits that haveContinue reading “Despite the recent bounce, this can hurt Solana’s bullish prospects”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The past two weeks have been pretty volatile for Cosmos on the price charts. There certainly has been some bullish impetus in the past couple of days, and demand has stepped in to drive ATOMContinue reading “Can ATOM walk past this level to bring in more demand for the week ahead”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin has been unable to climb above the $44.4k-$44.6k resistance in the past couple of days. In fact, there was the possibility that the price would drop toward $42,000 in the next few days. AtContinue reading “For Polkadot, this level means buying opportunity for profit-seeking investors”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin was trading just beneath the $44.4k resistance level, but it appeared healthy enough to move toward $46k in the next few days. The reaction of Bitcoin at the $46k-$47k area could set the toneContinue reading “Litecoin finds support but here’s why an upward move may result in profit-taking”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Cardano, as a blockchain, has seen some quick developments over the past few months. With respect to security, for instance, Cardano announced doubling its bug bounty program on Hackerone in an effort to tighten securityContinue reading “The how and when of Cardano’s efforts to reverse market trend”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice MATIC has broken above the range it established in late January. It was trading just below a near-term support level at $1.82, and a move above this level could see some gains in the nextContinue reading “These are the bullish triggers for MATIC going forward”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Over the past two weeks, GALA has been able to form a consolidation phase around the $0.18-mark. Subsequently, the price broke above the $0.23-highs and a near-term bullish structure was established. This flip in theContinue reading “GALA: The take-profit levels investors must be aware about”