Litecoin climbed from $143 to $282 in October and November, but has retraced all of those gains and then some more since mid-November. The $143 level was expected to see demand step in once again. It did, but the bounce was weak and the price fell beneath the $143 level once again after the sellingContinue reading “Litecoin sinks below key area of support, but can it see a recovery at $110”

Dogecoin was all over the news in May when the price was $0.7 and climbing. However, since then, Dogecoin has made a series of lower highs. It appeared to form a range between July and December, but at the time of writing, the prices were well below the range lows. It no longer appeared toContinue reading “Is Dogecoin headed for a free fall as it breaks through crucial support level”

Avalanche had been in steady decline from $104 to $80 last week, but in recent days it appeared to have formed a range. After a period of strong selling pressure since December, this range was a welcome sight as it indicated the possibility of an accumulation phase on lower timeframes. Bitcoin also appeared to slowlyContinue reading “AVAX has been stuck in a range but here’s where you can buy in”

Cosmos found strong support in the $35 region, and even when Bitcoin appeared to stall at $40.5k, Cosmos still had some demand behind it. At the time of writing, the lower high market structure was broken, and Cosmos could retest it as support and make another ascent to the $43 area. Cosmos was one ofContinue reading “Can Cosmos’ newfound strength push it past its ATH again”

The long-term outlook for Shiba Inu remained on the bearish side even as the price tested, for the third time, the $0.027-$0.029 area of demand on the charts. Note that Shiba Inu prices are represented as current prices multiplied by 1000, to reduce the number of decimal places and help with clarity. Bitcoin was tradingContinue reading “Shiba Inu at a demand zone but below it lies a deep chasm”

Bitcoin has been steadily dropping over the past two weeks from the $52k highs. In the same period of time, Bitcoin Cash has also slid a similar percentage value down its charts. Bitcoin still had strong support right below where it was trading at press time, and Bitcoin Cash too appeared to have a littleContinue reading “Bitcoin Cash looked unhealthy as it lost the range lows while…”

Polygon has been on a downtrend from the $2.8 highs it achieved in late December. Over the past week, it has shed around 18% in value and could be headed lower as well. However, on lower timeframes, Polygon appeared to offer some trading opportunities, which hinged on Polygon failing to break the trendline resistance onceContinue reading “A possible bounceback on the cards for MATIC, but is recovery still a distant dream”

Bitcoin flipped the $42.5k level from support to resistance over the past couple of days. In recent hours, it has been trading sideways at $41.6k. Even though Bitcoin has been bearish recently, Chainlink has been strongly bullish, and over the past few days has been able to flip the $23.2 area from supply to demand.Continue reading “Chainlink is stuck in a range and here’s where you can buy in”

The Sandbox had been on a strong rally in late October. It gained nearly 1000% in a month and has established itself as one of the stronger metaverse coins in the market. In fact, it had a market cap of 14.7 billion dollars, at the time of writing. Interestingly, a week ago, The Sandbox bouncedContinue reading “The Sandbox revisited an area of demand, the sellers have been…”

The price is always attracted to liquidity. That had been a reason why Binance Coin repeatedly tested the $510 support level over the past two months and it exhausted the buyers at those levels. At the time of writing, the price was in search of an area where buyers would be similarly interested once more.Continue reading “Binance Coin broke down beneath a triangle pattern in a hunt for buyers”

Bitcoin fell nearly 19% from the short-term range highs at $52k, and Ethereum has also registered a similar drop of around 23% from local highs at $4121. Ethereum buyers tried hard, but ultimately in vain, to climb past the $3800 area over the past week. This attempt was rebuffed on no uncertain terms, and EthereumContinue reading “Ethereum sellers could force the prices to dip all the way to this key level”

Bitcoin looked to defend the $40k-$42.5k demand area, but it was unclear whether Bitcoin would have sufficient demand to avoid sinking below $40k. During this time Cosmos has actually performed quite well as it established a range near its all-time high. Is this a distribution pattern, or was Cosmos primed to explode upward, if itContinue reading “Cosmos has heavy demand at this area but can bulls hold on”