AXS registered an explosive run in 2021, and managed to secure a spot among the best-performing cryptocurrencies in 2021. However, it has seen a significant sell-off from its September peak and some of its metrics suggest that it might be ready for a bullish breakout. Evaluating AXS’s historic performance will help reveal why bulls mightContinue reading “Analyzing Axie Infinity’s [AXS] case for the bulls and what to prepare for”

Chiliz has carved out a niche as a crypto and blockchain project that facilitates sports token mining. Its native cryptocurrency CHZ consequently experienced significant growth in the first half of 2021 and peaked at $0.83 in April. Fast forward a year later and CHZ is worth a third of its ATH. CHZ traded at $0.25Continue reading “Chiliz’s cup and handle pattern; here’s what should traders expect”

Anyone who observed WAVES towards the end of March would have been impressed at its bullish performance. However, what goes up must come down and this is echoed in its April price crash. WAVES price action registered a 50.52% rally from February lows near the $8.48 level to its 31 March high of $63.88. TheContinue reading “What WAVES’s surfing through 0.702 Fibonacci level means for traders”

Cosmos blockchain network just rolled out an important upgrade called Gaia v7.0.0 which will enable interchain accounts. Meanwhile, its native cryptocurrency ATOM recorded a slight uptick during Tuesday’s trading session. Ergo, the question – Did this have something to do with ATOM’s latest price action? ATOM has been on a southbound trajectory since peaking atContinue reading “New upgrade for ATOM means all this for altcoin’s price”

SAND, at a press time level of $2.76, seemed heavily discounted from its all-time high of $8.48 on the charts. However, one interesting observation that can be made is that since its previous peak, it has been trading within a wedge pattern, one underpinned by support and resistance. Even so, it is currently approaching itsContinue reading “SAND may be breakout-ready, but is that the full story”

Helium’s native cryptocurrency HNT has sold off significantly since its historic all-time-high of $59 in November 2021. Interestingly, a closer inspection reveals that it has been trading in a wedge pattern. One restricted by a descending resistance line and a structural support. Here’s what the charts say HNT’s price action over the last 10 daysContinue reading “Helium’s [HNT] latest test opens door to these possibilities”

Polkadot [DOT] entered a cooling phase in the first week of April after delivering a healthy bull run in March. However, zooming out reveals that it has been trading in a cup and handle pattern. This might help predict DOT’s price action over the next few weeks. The cup and handle pattern manifests as aContinue reading “Polkadot: A cup, a handle, and what’s next for DOT’s price action”

The top 50 cryptocurrencies by market cap looked like a blood bath at the time of this press as bears continue their assault. Other than stablecoins, Monero (XMR) is the only cryptocurrency that seems to be holding on to some previous gains. A look at XMR’s latest price action reveals that it has been onContinue reading “Monero [XMR] defies market-wide bleeding thanks to its…”

Cardano is among the cryptocurrencies that come to mind when contemplating the most bearish top digital currencies from their all-time-highs. One of the reasons for its bearish performance is the Cardano blockchain’s gradual development. The slow development has delayed Cardano’s ecosystem of organic growth and this has consequently affected ADA’s price action. This has especiallyContinue reading “Cardano: Is ADA finally due for another breakout?”

AAVE has been trading at a significant discount from its all-time-high. However, its rally in the second half of March proved that it can still command healthy volumes. AAVE rallied by close to 45% from its March-lows before undergoing a significant correction to its press time price levels. AAVE was trading at $180, at theContinue reading “AAVE: Why there’s a case for and against a possible run-up in the near term”

AVAX kicked off April on a correction phase which saw it dip from its recent local high of $104 to its current price at $83. Its price action for the last 10 days was underscored by a descending resistance line and an ascending support level. The resulting triangle pattern and the price squeeze mean aContinue reading “AVAX enters consolidation zone in triangle pattern: Is it ripe for a bullish breakout”

Solana’s native cryptocurrency SOL kicked off the first week of April with a 31% correction after the peak of its latest bull. However, it encountered support near the $112 price level, resulting in some bullish recovery. SOL traded at $121 after at the time of this press, after a 6.42% rally in the last 24Continue reading “Solana: After retracing 31% post March rally, SOL finds support here”