AAVE is attempting to recover after a heavily bearish performance in the last seven days, during which it tanked to pre-2021 lows. The cryptocurrency dipped as low as $65.8 a few hours ago as the bears extended their assault. AAVE had recovered to $71.6 at the time of writing, a significant recovery from its currentContinue reading “What AAVE falling below December 2020 lows can mean for investors”

Two days have passed since Terra’s UST got knocked off its dollar peg and it looks like any recovery attempts have failed. LUNA has turned out to be the unfortunate casualty of an unfortunate series of events. The UST meltdown has ignited claims that the stablecoin, along with LUNA and the Terra ecosystem is theContinue reading “LUNA, UST postmortem: Was it a coordinated attack or a ponzi”

Litecoin suffered a major blow to its price action in the last five days courtesy of a massive FUD-induced sell-off. It dropped as low as $74 for the first time since December 2020, but the dip provided a nice discount for those looking to ride the recovery wave. If you are among those who purchasedContinue reading “Litecoin [LTC] investors should watch out for these short-term price levels”

ETH on 10 May showed signs of potential bullish recovery after a heavily bearish performance, especially in the last five days. Undeniably, the market is still not off the hook with the constant highs of the FUD. To that effect, ETH was trading at $2,308, at the time of this analysis, it was further downContinue reading “Will ETH secure enough support from NFT market to strengthen its recovery”

WAVES has turned out to be one of the few cryptocurrencies whose price action has avoided more downside as the rest of the market crashed. A surprising turn of events considering that it tanked hard in April after delivering an impressive run in Q1. The coin traded at $13.16 after a 1.06% rally in theContinue reading “Can WAVES continue to seek more upside amidst the bearish noise”

Just when you think that ADA can’t possibly go lower, the cryptocurrency market pulls a surprise bearish move, sending it to new 2022 lows. The cryptocurrency has now extended its decline by 45% from its April high. The latest bearish wave did not spare ADA despite the fact that it was already one of theContinue reading “Cardano: Why ADA might be in for further correction as it breaches 2022 lows”

Bitcoin’s price action has been quite a roller coaster especially in the last week or so, during which it turned heavily bearish. However, it is currently in a critical position that might determine whether it will continue tanking or register a recovery rally in the next few days. Bitcoin is currently trading at $33,627 afterContinue reading “Bitcoin’s defining week: Will it side with the bulls or usher in more downside”

Avalanche just announced that it is diving into metaverse development through a $290 million incentive program. The announcement reveals how Avalanche intends to venture into its next growth phase not just to stay competitive but also to thrive as a network. Another metaverse on the way! Avalanche earned a stop in the list of topContinue reading “With Avalanche [AVAX] diving into the metaverse, is a recovery on the cards”

ALGO pumped by more than 30% last week courtesy of Algorand’s major development. The network revealed a partnership that would make it FIFA’s official blockchain. The announcement might just be the start of a robust growth phase for ALGO but is it big enough to push it back to its previous ATH? Stepping up theContinue reading “Will the Algorand-FIFA partnership add that special spice to trigger a recovery”

Tron’s native cryptocurrency TRX delivered an impressive weekly rally despite the market wide sell-off that has taken place in the last 4 days. However, it looks like TRX might be about to give into the selling pressure given the strong pullback it registered in the last 24 hours. TRX rallied by roughly 43% from itsContinue reading “Tron: As TRX falls prey to market wide sell-off, here’s what to look out for”

Tron’s native cryptocurrency TRX is off to a strong bullish start this month having already delivered an impressive 45% rally in the first five days. It is currently one of the best performers in the list of top cryptocurrencies by market cap. A close look at TRX’s historic performance reveals that it is still tradingContinue reading “Here’s why Tron [TRX] rallied before encountering resistance in its triangle pattern”

ETH achieved a healthy pump during 4 May’s trading session after a 50 basis point rate hike was announced. The cryptocurrency has been trading within a falling wedge pattern for almost four weeks but it broke out of its resistance line after the announcement. ETH registered a 6.2% rally after the Federal Reserve announced aContinue reading “Does Ethereum’s [ETH] macro trend point towards more upside”