ETH recently entered a correction phase and has been trading within a descending wedge pattern for the last 2 days. However, it managed to break through its descending support line in the early morning hours in the 1-hour chart. Ethereum recently peaked at $3581 after a strong bull run that kicked off in mid-March, allowingContinue reading “Ethereum: What the future holds for ETH as it breaks out of a descending resistance”

LUNA delivered an impressive bull run in February and March courtesy of Terra’s ambitious plan to buy Bitcoin worth billions of dollars. The purchase is part of the crypto company’s plan to build a BTC reserve. LUNA might be on the blink of another rally thanks to Binance’s new UST staking feature which offers anContinue reading “How Binance’s new UST staking might bolster Luna’s demand”

SEC Chair Gary Gensler revealed the collaborative crypto regulation plans through a speech delivered during the Penn Law Capital Markets Association’s annual conference on 4 April. The speech underscored the importance of regulators in ensuring financial stability, investor protection, fair, orderly, and efferent markets. Gensler also noted the need for technology neutrality in regulation andContinue reading “The Ripple connection in Gensler’s plan to collaborate with CFTC on crypto regulation”

The first quarter of 2022 was eventful, especially due to the economic and geo-political factors that heavily suppressed the cryptocurrency market. However, some of these events also make a case for a potential Bitcoin supply shock up ahead, with this opinion held by analysts like Lark Davis. There are some factors at play, factors thatContinue reading “Bitcoin [BTC]: How inflation, adoption will contribute to this ‘shock’”

Crypto-bulls are back while the NFT market is still going strong. LOOKS, the cryptocurrency native to the LooksRare NFT platform, is one that traverses both segments. LOOKS, at press time, was trading at $2.66 following an impressive hike from its 24 February 2022 low of $0.79. Simply put, the altcoin appreciated by 233% . ItsContinue reading “LOOKS like the near-term was good, but here’s what coming”

Polkadot’s native cryptocurrency DOT has so far delivered an overall bullish performance over the course of March. Especially over the last 7 days, during which it surged by more than 10%. However, zooming back for a look at its Q1 performance reveals that DOT’s price action is now at the tail end of a cupContinue reading “Polkadot: Is there more to DOT’s price action that what meets the eye”