Bitcoin fell below the $45.8k mark, and it could decline further south. Shiba Inu reflected overall market sentiment as it, too, saw intense selling in the past few days. However, Shiba Inu reached an area where buyers could potentially be interested. Would the next few weeks see Shiba Inu consolidate, or will the previous downtrendContinue reading “Can bulls bring about another rally as Shiba Inu reaches critical support level”

In the month of December, Bitcoin formed a range between $51k and $45.8k. It had a brief foray to $52k but was unable to push any further. In recent hours, Bitcoin broke down beneath the aforementioned range lows and was likely to drop further in search of support. However, where can the BTC slide beContinue reading “Bitcoin drops below a tight range, but this is where it can find relief”

Bitcoin broke out of a near-term range it had formed, and lost the $45.8k range lows, and was trading at $43k at the time of writing. It could revisit the $40k-$42.5k area of demand once more, and this slide would likely see selling pressure intensify on altcoins. Tron has already been leaning bearish in recentContinue reading “Tron sees steady selling pressure, may find temporary relief at this level”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin and the market as a whole saw massive liquidations in recent hours as Bitcoin wicked toward its December lows around the $42.5k-area in the hours prior to press time. Terra has faced strong sellingContinue reading “LUNA is approaching a key level, but can buyers defend it”

Polkadot has retraced back to a logical buy zone on the daily chart. There was also the possibility that Polkadot would slide toward $23 once more, in case Bitcoin was unable to hold on to its near-term range lows. There have been places on the chart where buyers stepped in, and the price reacted impulsivelyContinue reading “Taking stock of Polkadot’s price movement, after it faces stiff resistance at $32.7”

Solana registered a series of lower highs over the past two months. The $190-$200 demand area was respected in November and saw a good bounce to $235, but that area has since succumbed to bearish pressure. Solana was at a crossroads once more, with $170 being a strong area of support. Bitcoin could also seeContinue reading “Solana at a crossroads, which way will it go from this key support level”

Cosmos has been on a strong rally from the $20 lows it posted in mid-December. Since then, it has gained nearly 100%, but the $40-$44 area has been where previous rallies ran in to selling pressure and succumbed. Bitcoin could have an impact on Cosmos in the coming weeks, as a Bitcoin rally could seeContinue reading “Cosmos nears all-time high after a strong rally but demand remains strong”

Bitcoin Dominance fell below 40% even as Bitcoin whales fought to initiate a liquidation cascade at Bitcoin’s near-term range lows. Taken together, this meant that altcoins were likely to be strong in the near-term and strong altcoins could register rapid gains. Helium was one such coin. It flipped a key level from resistance to support,Continue reading “Helium has flipped a key area from supply to demand as bulls take control”

With a market cap of $5.9 billion, Decentraland stood as one of the biggest and most popular metaverse tokens in the crypto sphere. On the charts, the price struggled to climb above the $3.4 mark in recent days. This could be another accumulation phase before a breakout, but it could also see Decentraland drop toContinue reading “What are the chances of buyers keeping Decentraland afloat above $3 support”

In a previous article, it was observed that Cardano showed similarities in price action in recent weeks, compared to June earlier in 2021. The Cardano charts showed that not a lot had changed. A short-term demand area was seen in the vicinity of $1.3, which has offered decent support to the price so far. BitcoinContinue reading “What will it take for Cardano to withstand selling pressure and hold support level”

XRP was rejected firmly at the $1 mark, which was both a higher timeframe significant level as well as a round number resistance. Since that rejection last week, XRP has formed a series of lower highs. The $0.88 area, which was important on a longer-term outlook, has also been lost to the bears. Over theContinue reading “XRP nears major support zone but can buyers find the strength again this time”

Fantom has experienced strong growth in the past couple of weeks. It climbed steadily from $1.3 to $2.5 in late December and had a few days of consolidation before breaking past $2.4 and climbing higher once again. At the time of writing, even though Bitcoin had descended to its low timeframe range lows, Fantom stillContinue reading “Fantom has been on an aggressive rally and here’s where you could buy the dip”