Disclaimer: These findings are the sole opinions of the writer and should not be considered investment advice On the daily chart, Avalanche hit a new set of lows after it broke down below the previous lows at $75.5. Bitcoin found a short-term bottom at $33k but it could still slide further, as could AVAX. Avalanche brokeContinue reading “With AVAX unable to flip $92 to support, where can bulls make a stand”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice On the daily timeframe, XRP looked strongly bearish. The $0.77-area was one where a support level lay and was expected to see some demand arrive. Some demand was seen, but nowhere near close enough toContinue reading “XRP crashed right through the $0.7-level; here’s where buyers can step in”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Like Bitcoin and the rest of the market, TRON also registered a major sell-off. However, only a few altcoins have been able to project that they still have some demand behind them, despite the fearContinue reading “With TRON trading under a crucial resistance, are new lows really on the way”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The crypto-market still remains strongly bearish, and fear is being felt by many market participants. It is not unlikely that Bitcoin could drop further in the days and weeks to come. However, in the shortContinue reading “Fantom’s latest higher low means this in the near term”

On the higher timeframes, such as 12-hour and daily, Decentraland was in dangerous territory for the bulls. There simply was not enough price action on the surge from $1 to $2.2 for any significant support levels to be established. In a previous article, it was noted that the $2.4 level of support could be testedContinue reading “MANA breaks down below crucial demand zone, can it see further free fall”

Bitcoin dropped below the $40k mark and was below the $37.6k area as well, and was trading near $35k at the time of writing. The price was strongly pushed downward in recent hours and was highly volatile even at the time of writing as buyers tried to force some reaction at the $34.8k level. OnContinue reading “NEAR Protocol crashes past the $13.18 level, could $10 see some buyers”

The crypto market and the stock markets showed weakness in recent days. Bitcoin was unable to find strong buyers at the $40k area and, after a few days of skirmishing the bears have come out on top. Algorand has slipped beneath strong levels of former support and flipped them to resistance. This looked likely toContinue reading “Algorand could retest this supply area before another leg downward”

In a previous article, it was pointed out that Ethereum was struggling to wade out of the $3300 area. There appeared to be no buyers in sight and bidders have been overwhelmed once the price fell below $3287 and almost retested the same level as resistance. Ethereum’s movement on the chart would depend on Bitcoin,Continue reading “Ethereum enters the weekend on a wave of relentless selling”

The $4.5 area was identified as an area of demand for The Sandbox. However, the price was rejected at a crucial level and has been dropping steadily down the charts in the past couple of weeks. The momentum was strongly bearish, and a drop toward the $3.29 level was likely. A retest of the $4-$4.5Continue reading “The Sandbox fails to hold on to $4.2 and slides further down below this support”

Polkadot found support at $23.5 recently, but its endeavor to flip the $27.45 area from supply to demand was rejected in no uncertain terms. What began as a pullback in early November appeared to have become a downtrend. On the daily chart, the price was still within an area where long-term investors would seek toContinue reading “Polkadot continues to sink as the downtrend remains unbroken”

Polygon’s native token MATIC has been steadily losing value since its recent rejection at the $2.42 level of resistance. The $2.12 level of support was seen as an area of significance, but MATIC had dropped below this level in recent days. The day prior to press time, MATIC appeared to break out past this areaContinue reading “MATIC executes classic bull trap as it sees major correction after minor recovery”

Bitcoin dropped below the $40k mark in recent hours. Cardano saw a strong move on the lower timeframes in the past week as it rallied from $1.23 to $1.63 and appeared to break out of a downtrend. However, at the time of writing, the price has dropped and was back beneath the trendline resistance fromContinue reading “Cardano drops 15% as amid broad selloff; here’s where it can find support”