Ranked 32nd by market capitalization, Internet Computer saw its token ICP trading at $20.7 at the time of writing. It appeared to break the market structure in early January, but the intense selling pressure since then has actually seen ICP register a new set of lows at $19.1, just beneath the $20.9 lows in lateContinue reading “After breaking down below recent lows, here’s where ICP is likely to head next”
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The long-term trend for Cardano has been downward. It broke beneath the $1.91 mark in November and has steadily fallen to the $1.2 level since then. In recent weeks, the price fell as low as $0.91, although it rebounded back above $1. There was some indication of an incoming bounce for Cardano from the $1Continue reading “Here’s why Cardano can see an accumulation phase in the next few weeks”
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Polygon reached new milestones as reports came in of the blockchain recording more than a billion transactions last year. The number of teams developing their projects on the network has also massively climbed in theContinue reading “As MATIC bounces back to an area of supply, will it be able to break out of it”
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice A little more than a week ago, the price of Binance Coin crashed straight through the $417 and $413 support levels but found some demand at the $343 level. This buying pressure has slowly builtContinue reading “BNB finds some demand but forms a bearish pattern as it nears resistance zone”
A week ago the price of Axie Infinity stood at $75. However, even though there was a confluence of support levels right beneath $75 on lower timeframes at that time, the price crashed right through. This was not an isolated incident. The price of AXS has been steadily dropping, at times it has even droppedContinue reading “Axie Infinity drops below $50, is this a bargain buy or is there more pain in store”
The euphoric sentiment of October and early November has long since evaporated. The early December drop in the crypto market saw the price of Solana drop below the $200 mark, and since then the price established a shift in market structure to bearish. Repeated waves of selling have brought Solana prices to $90 at theContinue reading “Here are the demand and supply areas for next week as Solana dips below $100”
For the better part of January, the price of Cosmos held well within a range formation between the $34 and $44 levels. However, the sell-off last week saw the price plummet beneath the range lows and retest it as an area of supply. News of bridge implementation between Cosmos and other chains came out aContinue reading “ATOM breaks down from a range, retests it as supply in a short-term bearish trend”
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin Cash had held firm above the $270 mark in the past few days. It did trade beneath this level for a few hours but saw demand arrive that pushed the prices up to $293,Continue reading “Bitcoin Cash sees a bounce in price, could climb above $300 in the near term”
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The overall market sentiment has been bearish for the crypto-market in recent weeks. Whether this is a brief period of uncertainty before the resumption of a bullish trend for Bitcoin is yet to be seen.Continue reading “Litecoin’s descent to the $104-level could be followed by this…”
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin dropped below the $40.5k-level and saw a wick back up to $39k before some selling pressure over the past few days. This break of an important level for Bitcoin was followed by one ofContinue reading “Shiba Inu down nearly 40% in two weeks, but here’s what may be next”
Disclaimer: The findings of the following analysis are the sole opinions of the writer and shouldn’t be considered investment advice Decentraland’s currency, MANA, was closely following Bitcoin’s price action over the past week. Alongside Bitcoin, MANA too broke above a level of resistance at $2.14, and at the time of writing, it was trading within aContinue reading “Is MANA in a short-term bullish retest or are bears setting a trap”
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In the hours preceding press time, Bitcoin retested the previous set of lower highs and was rejected around the $38.9k-area. This showed that bullish impetus was not yet back in the market. Alongside a risingContinue reading “After LUNA falls victim to larger market sell-offs, buyers can be expected in this area”