STX has been trading at a significant discount from its $3.25 high that it achieved in December last year. However, it looks like the tides are about to shift in favor of the bulls, now that it is in a critical support zone. STX’s price action has been overall bearish since its ATH, with someContinue reading “Should Stacks [STX] traders expect more discounts in the days to come”

Uniswap’s native cryptocurrency UNI is eying its 2022 low courtesy of its downtrend from its March peak. UNI’s price action has been correcting since the start of April, with the alt having already undone its March gains. UNI was trading at $8.28, at the time of writing, after tanking by roughly 14% over the lastContinue reading “Uniswap [UNI] – How real is the likelihood of a new 2022 low”

The Graph (GRT) achieved a new April low on 25 April at $0.32, allowing its price to extend its monthly decline past 40%. It quickly bounced back slightly over 20% from its new monthly low. GRT’s current monthly low represents a 40.81% from its 0.55% monthly high that it achieved on 2 April. Looking backContinue reading “Can higher low be the next probability for The Graph (GRT) investors”

AVAX recently broke through its support during the bearish market conditions that prevailed over the last few days. It has been trading within its support and resistance range since January, but its breakout might be short-lived. AVAX saw sustained selling pressure near its support level during the weekend, resulting in more downside below support. ThisContinue reading “What AVAX’s breach of its support means for a possible reversal”

Ethereum Classic has been on a shark bearish trajectory for almost four weeks and it managed to extend its downside by 40% on 25 April from its latest local top. ETC’s bearish pullback started after its 29 March peak which concluded an impressive bull run from mid-March. ETC dipped as low as $31.38 in theContinue reading “Ethereum Classic’s 40% bearish correction from March peak reveal increased…”

Bitcoin Cash (BCH) might be on the verge of a macro trend reversal. The cryptocurrency has so far delivered lateral price movement in 2022 with resistance near the $350 price level and support above $270. BCH managed to break above the support during the March rally but its upside was short-lived. It has since thenContinue reading “Bitcoin Cash: With accumulation outstanding, is it BCH’s bulls karaoke time”

Litecoin has been trading at a discount from its previous ATH just like many other cryptocurrencies. However, LTC’s latest performance puts it in oversold territory especially now that it has dipped its toes below $100 once again. Litecoin traded at $389 at its peak in May 2021 and has not managed to rally back toContinue reading “Litecoin: Amid heavy selling pressures, indications point at a possible 60% rally”

Bitcoin has hovered around its ascending support line since mid-April after failing to secure enough buying volume to trigger a healthy bounce-back. Its performance over the last 5 days confirmed that as it finally broke through the support line for the first time this year. Bitcoin has been trading within an ascending support and resistanceContinue reading “Bitcoin [BTC]: This may be a sign of what’s coming next”

Algorand remains one of the top blockchain networks thanks to its focus on innovation and sustainability. However, its native cryptocurrency ALGO has had better days and is currently trading in a critical price point. ALGO traded at $0.70 at the time of writing and has been on a bearish performance since the start of April,Continue reading “Here’s why ALGO is a great long-term pick at its current price range”

TRX has emerged as the top performing cryptocurrencies in the last 24 hours at the time of writing, after rallying by more than 16%. It owes its impressive run to the announcement that the Tron blockchain will launch a new algorithmic stablecoin called USDD. The rally took place within two hours after announcement which wasContinue reading “Tron: Decoding why news of its native stablecoin pushed TRX up by 16%”

Cosmos’ ATOM has so far registered a bigger selloff in April than its rally in March. In contrast, most of the other top cryptocurrencies experienced price correction but only by a fraction of their rally towards the end of Q4. ATOM has been on a bearish trajectory since its most recent local peak at $33.29Continue reading “Cosmos: All the reasons behind ATOM’s sustained weakness on the charts”

Bitcoin has been gradually raising its floor price and is trading at a premium compared to its 2022 lows. However, its $41,861  price tag at the time of writing is roughly 40% less than its historic ATH, and anyone who purchased the cryptocurrency above its current price is still at a loss. If you areContinue reading “Bitcoin’s current demand, profit levels have cues for optimal BTC allocation”