Bitcoin has finally broken out of the tight range where it was stuck for the better part of May. However, it exited the range courtesy of a strong bearish performance in the second week of June. Bitcoin’s latest weekly performance was contrary to the expectations of a bullish breakout after April and May’s bearish performance.Continue reading “Despite everything, Bitcoin’s [BTC] pricing model has something else to say”

It is roughly one month since LUNA and UST crashed. There have been significant changes during that time, including a plan to keep LUNA alive through a fork. The latter resulted in LUNA 2.0 and LUNA Classic. Many who suffered big losses from the LUNA crash have distanced themselves from the project. However, there areContinue reading “Decoding the LUNA 2.0 v. LUNA Classic debate: Which one should you buy”

Solana is back above $40.41 thanks to a bullish performance in the last few hours prior to this press. The cryptocurrency has been struggling to recover from its bearish performance which was largely influenced by its network woes. Despite its recovery, SOL is still trading within the lower range, close to its structural support level.Continue reading “Solana: Despite steady structural support, here’s why SOL is still not in the clear”

Litecoin (LTC) is on the spotlight once again days after launching its Mimblewimble upgrade  and for a related reason. Multiple South Korean crypto exchanges have reportedly announced plans to delist LTC. According to official Upbit press release, they will be delisting Litecoin from its exchange. According to local Korean news source – Bimeiti, at leastContinue reading “How Litecoin [LTC] is reacting to news of delisting from Korean exchanges”

Monero just announced the launch of its tail emission upgrade which is one of its latest and greatest milestones. Here’s what you need to know about the upgrade, its impact on Monero and whether it will impact XMR’s price action. The tail emission upgrade can best be described as a perpetual incentive designed to incentivizeContinue reading “Monero [XMR] kicks off tail emission; is it enough to trigger some upside”

If you have been closely watching SAND’s performance, you may have noticed that it consolidated into its current range. The $2.8 price level seems to be acting as a healthy price floor. However, that might soon be called into question now that the sideways price action is closing in on its descending resistance. SAND’s long-termContinue reading “Will SAND’s upcoming resistance push it below its current price floor”

Cryptocurrencies have been stuck within a tight range for almost four weeks now. Every once in a while, we see some attempt to break out of the range and at press time it looks like THETA might be making that attempt. Theta network’s native crypto THETA popped up as one of the top gainers onContinue reading “Are THETA’s bullish theatrics testing the gig of crypto twins”

EGLD just concluded the first week of June on a bearish note, after dropping by roughly 25% from end-of-May levels. A close look at its price action reveals that it is now trading at a critical support level that might be critical in the next few weeks. The first week of June turned out toContinue reading “Is EGLD [Elrond] due for a major comeback after retesting structural support”

Let’s assume someone presents DOT’s daily price chart but only from mid-May to now. You would be mistaken to think that it is a stablecoin if you didn’t know better. This scenario highlights just how relatively inactive DOT has been for almost four weeks. DOT’s price action highlights a lack of directional volume. In otherContinue reading “Polkadot: Before parking money in DOT for 2022, read this”

The world has barely recovered from the UST stablecoin crash and yet another similar threat is already on the horizon. This time in the form of the USDD stablecoin that was launched in May by the Tron DAO. Tron recently boasted that USDD is now over-collateralized by 200% in an attempt to fortify its dollarContinue reading “Is USDD headed for the same systemic problems that brought UST down”

The cryptocurrency market is once again looking like a sea of red courtesy of the price swings within its narrow range. However, there are those that manage to stand out by moving contrary to the rest of the market and XTZ is one of them. XTZ seemed like it was poised for a fourth dayContinue reading “XTZ [Tezos] defies sell pressure to deliver more upside but here’s the caveat”

Chainlink’s native crypto LINK kicked off the week in a bullish tone, igniting hopes of a breakout. The signs of a strong upside are there but there are a few factors that may prevent it from achieving that goal. LINK bulls are undoubtedly back and they have been, since the last few days of MayContinue reading “LINK [Chainlink] is back but there is a major roadblock for investors ahead”