On the daily chart, Shiba Inu continued to range between $0.027 and $0.037 (SHIB prices written as “current price x 1000” to use fewer decimal places). Trading volume was also low. Bitcoin rallied over the past week, and SHIB followed Bitcoin and it hauled itself off the $0.029 lows. However, the market conditions for ShibaContinue reading “Shiba Inu likely in an accumulation phase as it bounces within a range”

There are many factors affecting Bitcoin’s price on long time horizons. The influence ranges from on-chain data to the macroeconomic state of developed economies, and the performance of traditional financial markets. Bitcoin continues to be regarded as a speculative, risky asset, and investors are likely to flee BTC in risk-off market conditions. On the charts,Continue reading “Can Bitcoin live up to the bull expectations over time as it enters 2022”

Avalanche was unable to break the $127 highs it posted at the beginning of the month. A strong rejection there was followed by a series of former support levels giving way to bearish pressure. The $104 area and the $101 level were likely to be tested once more. There was a confluence from both aContinue reading “Avalanche likely to revisit this key support area once more”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin fell under the $50k-mark over the last 24 hours, at the time of writing. Consequently, altcoins across the market also posted losses for the day. Solana appeared to rise above a key levelContinue reading “Are Solana’s bulls really strong enough to halt further decline”

Cardano was trading at $1.46 at the time of writing. Sellers had emerged in the $1.6 area and pushed the price down to $1.46. This was a strong support level, but the downtrend on higher time frames, was not yet over for Cardano. However, there were some encouraging signs. Going into 2022, a bullish BitcoinContinue reading “What is the likelihood of Cardano embarking on another bull run by 11 January”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Dogecoin formed a range on higher timeframes and presented deviations which showed that the price was seeking liquidity. Another such deviation into the range lows would present a buying opportunity targeting double-digit percentage gains inContinue reading “Dogecoin: No significant moves yet, but is there an attractive risk-to-reward zone”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin hit the $52k-mark but ran into strong sellers and was unable to push higher. LUNA touched its all-time high at $103.6 and was pulling back, at the time of writing. Momentum had swayed backContinue reading “LUNA will have to defend this key level to resume uptrend”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The past few hours have seen Bitcoin tumble from $52k to trade at $49.7k, at the time of writing, a decline of around 4.5%. The altcoin market also took a strong hit as sellingContinue reading “After failing to breach $38-level, here’s what’s next for Ethereum Classic”

Chainlink established the $17.4 level as support and has tested it in search of buyers multiple times. Even though the price broke well beneath this level in the sell-off event of 4 December, it can be said that buyers have held this level of support pretty well. The momentum has now flipped in favor ofContinue reading “Chainlink sees shift in momentum but it must clear this key level to move upward”

For Ethereum it was observed earlier this week that the $4050 area was a level of importance, and $4121 could pose resistance as well. The price did indeed climb to meet resistance at the $4120 mark after a breakout past the descending trendline. Bitcoin also looked like it had some steam left in it, andContinue reading “Ethereum breaches critical support, but can it sustain the move”

On higher time frames, Shiba Inu reached an area of significance at $0.029 (Note: All SHIB prices in the following article are 1000x the actual value, to do away with long decimal places. For example, a SHIB price of $0.00003319 written as $0.03319). It saw buyers step in at that area and indicated a rallyContinue reading “Shiba Inu’s price will be determined by these factors going forward”

Bitcoin’s recent bullish momentum saw most of the market register gains. Polkadot was no exception. It has, in fact, performed very well. Polkadot gained an impressive 28% in a period of four days, to reach the key level at $29.8. At the time of writing, it saw a pullback to $28.27. DOT — 1-hour chartContinue reading “Will Polkadot’s strong short-term advance boost its climb to these levels”