Chainlink has been in a steady descent on the charts since the November highs at $38.31. In December, the price slid below the $24 region, which now appeared to have flipped from a demand area to an area of supply. Even though Chainlink appeared to post a higher low this month, a retest of theContinue reading “With selling pressure at $23.8, Chainlink could retest December lows”

Algorand rallied from the $0.67 lows in August to reach $2.5 in September. Since then, Algorand has not been able to set a higher high, apart from one possible fat-finger trading day (18 November). However, it has had an area of strong demand at the $1.6 level. Will the coming weeks see Algorand consolidate aboveContinue reading “Does Algorand have sufficient demand behind it for its next rally”

In any market condition, there are always market leaders and laggards. In the past two weeks, Bitcoin has been ranging between $45.8k and $51k for the most part. In this time, certain altcoins have shown bullish strength, especially in the second half of December. Cosmos has been one of the larger crypto-assets which has performedContinue reading “Can Cosmos retain its week-long bullish strength in the short-term”

Ethereum has fallen beneath the $4000 mark and tested the $3800 level as resistance in the past few days. The $3620 mark has been tested twice already. Bitcoin Dominance bounced from 39.94% to 40.22% in the hours prior to press time. Buyers were not in a position of strength at these levels for Ethereum. Well,Continue reading “Ethereum back below $3800, can it recover and climb toward $4000”

Litecoin had an amazing start to November as it shot past the $200 mark and rocketed to a $295 high. However, the past six weeks have pulled Litecoin back to the $140 lows. Bitcoin experienced a short-term bounce, but bullish strength was not seen as much on longer timeframes. What Litecoin can achieve in theContinue reading “Litecoin needs to reclaim this level as support before bulls can make a comeback”

The Sandbox is one of the more popular metaverse tokens in the crypto sphere. It registered a whopping 400% run in the month of November alone. This run began from an accumulation bottom at $0.5 in October. At the time of writing, The Sandbox was forming lower highs on the daily timeframe. This was notContinue reading “The Sandbox demarcated an area of demand, will it revisit these lows again”

Polygon has managed to breach its previous ATH and set a new one at $2.92. Selling pressure was decisive, and short-term momentum swung from bullish to bearish within a day for MATIC. Since then, the price has been forced to retrace some of its gains. There was a cluster of important levels in the $2.4-$2.6Continue reading “Can MATIC bounce back from this key level amid the descending channel”

Binance Coin is one of the most popular exchange tokens, and the Binance Smart Chain craze in August earlier this year saw the network outperform the Ethereum network on several on-chain metrics. Over the past few days, Binance Coin has dropped below the $530 mark and was unable to pick itself back up. However, theContinue reading “Has Binance Coin formed a short-term double bottom”

The 25th largest cryptocurrency by market cap has been trading within a range for nearly six months now. Bitcoin Cash was back at the range lows once more. In 2020 too, Bitcoin Cash ranged for months together between $200 and $280. Late in the year, it went on a run to $1600. There was noContinue reading “Bitcoin Cash approaches $415 once more, presenting possible buy opportunity”

XRP has climbed to the $1.35 mark on three separate tries since August. The most recent attempt to scale these heights was in early November, but XRP met a harsh rejection once more and has been trending lower since. The price has since formed a temporary bottom, at the $0.78 mark and looked likely toContinue reading “XRP attempts to climb past $1 for the second time this month, but…”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice TRON has been on a downtrend in recent weeks, but for a brief moment, it appeared to have broken out of a wedge pattern. Yet, the move did not materialize. TRON faced rejection around aContinue reading “What to expect now that TRON’s breakout has ground to a halt”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Polkadot has followed in the steps of Bitcoin over the past week. The 3% loss that Bitcoin saw in the 12 hours prior to press time was also reflected in Polkadot’s price. However, the lossesContinue reading “More losses for Polkadot, but is there an opportunity going forward”