Remember the good old times when Solana was the hot blockchain making headlines and promising to be the Ethereum killer? The days when SOL was one of the fastest-growing cryptocurrencies. Times change and rather than maintain strong performance, SOL’s price action has lately been looking a lot like that of ADA. SOL delivered quite anContinue reading “SOL [Solana] is the new ADA [Cardano]? Decoding the possibilities”

Monero (XMR) turned out to be one of the best cryptocurrencies for those looking to ride the recovery wave after the May crypto crash. The cryptocurrency jumped onto a healthy bullish trend while the rest of the market struggled to bounce back. However, the cryptocurrency is off to a good start this week, with someContinue reading “Will Monero [XMR] be able to rally amid recovering broader crypto sentiments”

Bitcoin [BTC] looked like it was headed for more downside last week, especially on 26 May when it threatened to dip below $28,000. Fast forward today and Bitcoin has bounced back to 30,600 at press time. The constant ups and downs have led to investors developing mixed feelings about Bitcoin’s ongoing price pump on  TwitterContinue reading “Bitcoin’s [BTC] pricing model has this to say about its short-term prospects”

Almost three weeks have passed since ALGO set a new 2022 low at $0.34 on 12 May, courtesy of the crash after UST’s collapse. ALGO experienced a notable bounce-back since then, but it has since then given up those gains in favor of a support retest. ALGO’s latest price action has been attempting to challengeContinue reading “Algorand [ALGO] testing local lows: A breakdown on the way or a bear trap”

Two weeks have already passed since CRO bottomed out at $0.167 on 12 May, in line with the overall crypto market’s performance. Fast forward more than 2 weeks and CRO has already sought more downside. CRO dropped as low as $0.163 on Thursday, thus setting a new 2022 low. It has attempted a slight recoveryContinue reading “CRO attains new local low but are there signs of recovery in sight”

As the world waits to see whether the crypto market will break out of its fortnight range, ATOM’s price action is already favoring the bears. It has achieved a significant downside so far this week and is currently headed for a retest of a key structural support level. ATOM traded at $9.77 at press time,Continue reading “What investors can do as Cosmos [ATOM] approaches key structural support level”

SAND bags got slightly heavier in the last 7 days especially for those that bought the dip at the very bottom. However, it looks like the cryptocurrency is still trading within its 2-week range and there are signs of potential downside in the next few days. SAND traded at $1.32 at press time after aContinue reading “Despite healthy accumulation, is SAND gearing up for further losses”

Ethereum Classic would have been a healthy choice if you were on the hunt for a bullish cryptocurrency this week. ETC is among the few cryptocurrencies that have experienced significant upside in the last few days but its rally might be short-lived. ETC achieved 4 consecutive green daily candles from 21 May to 24 May,Continue reading “Ethereum Classic and its mini-rally reveal ETC’s long-term outlook to be…”

LRC is among the biggest gainers after rallying by more than 27% over the last seven days while most of the top cryptocurrencies were stuck in a narrow range. The rally comes amid an important loopring development but it looks like it might be due for some more upside thanks to a major milestone thisContinue reading “Loopring [LRC]: $5 billion trading volume milestone can have these repercussions”

AVAX bears have maintained their assault this week, making it one of the top gainers among the top 20 cryptos by market cap. Its current downturn looks to be headed for a retest of its 12 May low, during which it bottomed out at $22.31. AVAX traded at $26.43 at the time of writing afterContinue reading “In Avalanche [AVAX] bears’ relentless pursuit where do investors stand”

While Bitcoin continues to perform within a tight range, attention is now shifting towards the U.S dollar. This is particularly due to the Dollar index’s impressive rally over the last few months, one which saw it rally to its highest levels in 20 years. However, it is currently showing signs of weakness. This has ledContinue reading “Why there’s good reason behind Bitcoin [BTC] waiting on the Dollar Index”

TRX managed to deliver a healthy bullish uptick in the last seven days as the market struggles to overcome the prevailing uncertainty. However, it is currently approaching a significant support area which will likely result in a bearish retracement. TRX maintained strong activity in the last few days during which it registered a healthy uptick.Continue reading “Analyzing if Tron’s [TRX] current bullish bias is Janus-faced”