Technology

ETH whales lead the charge in recent rally. Short squeeze turbocharges ETH’s momentum after exiting bear trap. Ethereum [ETH] concluded a bearish second week of February, but the tide was changing at press time. The crypto market delivered a bullish performance over the last two days and ETH was not left behind. Read Ethereum’s [ETH]Continue reading “Ethereum [ETH] whales stack up, but is this enough for a level retest?”

Shiba Inu announced the Layer 2 solution Shibarium. Shibarium aimed to legitimize SHIB and boost DeFi growth, but faced short-term skepticism. As per an announcement on 16 January, Shiba Inu’s [SHIB] would soon launch their own Layer 2 solution, called Shibarium. This move by Shiba Inu is significant for the project as it aims toContinue reading “Analyzing Shiba Inu’s legitimacy after the launch of Layer 2 solution”

APE sees an increase in volume among ETH whales, but this might be selling pressure A look at the minimum level of downside that investors should anticipate If you are thinking of purchasing some ApeCoins [APE], you might want to delay that decision. The monkey-themed token showed bearish signs at press time, which might convertContinue reading “ApeCoin: Why this 4% drop could work in favor of APE short traders”

AVAX rallied as BTC continued to soar following announcements from U.S. CPI. The target for a long entry could be $14.82 and the 38.2% Fib level ($14.96) if the uptrend continues. Avalanche [AVAX] has rallied since mid-November, making higher lows. However, it reached a lower low around 12 December, settling at the $12.99 support level.Continue reading “Going long on Avalanche [AVAX]? Mark these levels to take profit”

A look at what ETH whales are up to this week as sell pressure tapers off Can ETH bulls secure enough momentum for a bigger uptick? Ethereum (ETH) would have been a healthy option for short traders this month considering its downside so far. However, its bearish preference caught many long traders off guard. FortunatelyContinue reading “How the latest uptick in whale interest really helps Ethereum [ETH]”

Avalanche has been highlighting its preparedness for more demand as self-custody gains popularity AVAX’s short-term demand still showing signs of low stimulation The DeFi space is heating up now that recent events have exposed cracks in the crypto-market’s centralized finance segment. Networks that have DeFi-centric developments are ideally positioned to leverage this shift, especially inContinue reading “How prepared is Avalanche’s DeFi arsenal to take on increased demand”

Buying pressure is building up supported by ETH whales and retail accumulation ETH sell pressure is gradually tapering out and may give way to a strong bullish bounce ETH holders who bought the dip last week may have enjoyed some upside but it has been rather limited. This is because last week’s crash left investorsContinue reading “Ethereum sees some heavy accumulation but is it enough for a substantial move”

SOL saw a 55% discount during this week’s bearish onslaught More sell pressure might be on the way as over 47 million SOL is unstaked Solana’s native cryptocurrency SOL has had an unexpectedly bearish week so far. The considerable discount that it has received so far suggests that now might be a good time toContinue reading “Investors might want to hold off buying SOL after this revelation”

Companies operating in the crypto-mining sector have not had the best of starts in the last quarter of 2022. Several discouraging reports have come out over the past few days, each of which indicates that the industry has not shaken off the effects of the crypto-winter.  Crypto-mining troubles with Riot Blockchain Inc. Colorado-based Bitcoin miningContinue reading “Riot Blockchain, Argo, and Iris – How is Q4 going for crypto-mining”