Cardano’s native token ADA has enjoyed significant bullish recovery in the last three days as the broader cryptocurrency market sentiment improved. It is however, currently in the fear territory, as opposed to extreme fear in the previous week. The sentiment adjustment was timely because it allowed ADA to recover after coming into contact with itsContinue reading “Cardano [ADA] bounces on the back of positive sentiment but will it sustain”

Monero has extended its bullish performance for yet another week and is currently closing in on its 2022 high at $278. The price retested that level on 12 April before retracing. XMR’s continued rally may result in another resistance retest, and a major potential retracement given its extended run. Monero traded at $260.6 at theContinue reading “XMR: From historic low to ATH, will Monero go mooning next”

THORChain’s native cryptocurrency RUNE led the bullish charge after rallying by 20.90% in the last 24 hours at the time of writing. This makes it the top gainer in the top 50 list of cryptocurrencies by market cap, and the rally came after THORChain announced a major development milestone. RUNE’s ongoing uptick likely points toContinue reading “Assessing if RUNE will maintain its bullish momentum post this milestone”

EOS is among the cryptocurrencies that have been in the green within the last 24 hours as the market continues to recover. It traded at $2.57 after rallying by more than 5.56% at the time of writing. Although its daily performance was not outstanding, it was one of the top 50 coins that managed toContinue reading “EOS registers healthy price pump, did it receive a boost from its weekly report”

MINA had a great run from mid-March, one that saw it rally from its 2022 low of $1.58. It extended its bullish momentum through the first week of April before retracing by 38.59% after extending its drop below the 0.618 Fibonacci level. MINA’s performance in the first week of April was of particular interest dueContinue reading “Is there enough buying pressure to sustain MINA’s latest breach”

Terra’s LUNA has been on a strong and sustained price correction since 5 April. But it is finally registering an uptrend. However, this is an unusual timing because its rally in the last 24 hours took place when most of the top cryptocurrencies registered a bearish performance. Looking back at LUNA’s performance in the lastContinue reading “Is LUNA’s bounce back in the current market linked to UST”

Litecoin has been in a strong correction phase this month like many other top cryptocurrencies after the March rally. However, LTC attempted a recovery rally post 12 April last week, but it was short-lived as the bearish market conditions during the weekend subdued its bullish run. LTC traded at $110.93 at the time of writingContinue reading “Is Litecoin lit with MVRV, whales, demand zones showing unbridled ambition”

AAVE’s price action recently broke through its ascending support which was part of its megaphone pattern. The bearish performance was part of its correction after its March rally and it has so far registered horizontal price movement in the last few days. AAVE traded at $161 at the time of this press as it continuedContinue reading “AAVE: Here’s what to expect from the token as it falls below crucial support zone”

Bancor’s native cryptocurrency BNT has been experiencing sideways price action as it entered a consolidation zone. This can potentially point at the building up of a momentum for a breakout or a breakdown, but the when aspect of it is anybody’s guess. BNT traded at $2.16 after extending its downside by 5.57% in the lastContinue reading “Bancor: Why despite recent drawdowns, BNT might be ready for a rally”

Polkadot’s native cryptocurrency DOT registered a 5-day recovery after kicking off April on the back of a strong bearish pullback. However, its price action, at press time, was approaching a previously tested resistance zone underpinned by a Fibonacci retracement. DOT bears recently went on a recess after bottoming out at $16.73 on 11 April, beforeContinue reading “DOT’s 5-day rally is behind it; Here’s what’s next for the alt”

The Terra blockchain’s Anchor protocol recently announced plans to expand into Karura and Acala. This development is part of Terra’s plan to expand stablecoin ecosystem into the broader DeFi environment. Terra plans to integrate with Polkadot through the latter’s Acala network, as well as its canary network Kusama’s DeFi hub called Karura.  The development isContinue reading “Demystifying Terra’s plan to expand through Polkadot’s ecosystem”

Hedera Hashgraph has managed to become one of the top blockchains judging by its $3.9 billion market cap. It continues to gain popularity and utility but its native cryptocurrency HBAR has been on a sharp decline ever since it peaked in November 2021. HBAR traded at $0.20 at the time of this press, a modestContinue reading “HBAR traders could expect a 28%+ rally, only if…”