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The last few days have seen ZIL compress at the 61.8% Fibonacci level ($0.108). While the market did see a clash between buyers and sellers, some of its indicators took a bullish outlook. Furthermore, considering the bullish falling wedge setup, these signs looked encouraging for the altcoin. If the price holds above the key areaContinue reading “Here’s what Zilliqa’s best-case outcome would look like”

Litecoin’s (LTC) July-November 2021 bull run saw exceptional gains that halted near the 61.8% Fibonacci resistance. Since then, LTC has steeply downturned within the bounds of multiple reversal patterns. The wider market correction stalled LTC’s northbound trajectory from the 23.6% Fibonacci resistance. Now, a potential break from its current reversal pattern could brace the altContinue reading “Litecoin: A potential breakout would mean this for investors”

Cardano (ADA) has been on a near-term downtrend after recently breaking down from the ascending channel on its 4-hour chart. Meanwhile, it found a base at its vital $1.02-support. If the 20 EMA (red) falls below the 200 EMA (green), ADA looked at a further downfall in the coming days. While the Bollinger Bands (BB)Continue reading “Cardano: A close below this mark would bolster a further pullback”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Aave has been on a Moon mission on the charts since the launch of AAVE V3 in mid-March. The near-term market structure was strongly bullish. The higher timeframes also showed that the breakout past theContinue reading “Aave hits 100% extension target – Where would the price go”

Anchor has been one of the fastest-growing Decentralized Finance protocols in the crypto space. In less than a year, dApp has managed to attract a large number of investors. Consequently, the total value locked in it has increased by 1,851%. Now, it is competing to be the biggest lending protocol, fuelled by one simple tacticContinue reading “Anchor is now making its APY ‘Dynamic;’ would it see ANC invalidate all its losses”

Bitcoin’s bullish momentum saw Litecoin climb in recent hours as well. On the charts, LTC has posted a 15% rise above the $143 lows to trade at $163.9 at press time, which was impressive. Litecoin bulls still have a long way to go before calls for $200+ can materialize. If bulls manage to establish $163Continue reading “For Litecoin, this would be the first step toward recovery”

The crypto-market subjected itself to a major meltdown yesterday. The global crypto-market cap was down by more than 14%, while most large-cap coins ended up shedding 20%-30% of their respective values. Meta-coins were no exceptions. Even they collectively succumbed to the broader downtrend. However, at press time, most of the tokens from the aforementioned categoryContinue reading “Would the ‘contagious’ meta-trend aid GALA’s recovery”

The lawsuit filed by the United States Securities and Exchange Commission (SEC), against blockchain company, Ripple Labs for selling unregistered securities is inching closer to being a year old while showing no signs of settling soon. Even as the SEC is trying to delay deadlines fixed earlier by the court, Ripple is putting in similarContinue reading “XRP Lawsuit: Ripple says discovery deadline extension would be ‘severely prejudicial’”

Over the last few months, the king coin’s movement has come under much deliberation. A recovery from late July lows identified the end of a bear cycle but a series of flash crashes during September allowed FUD to settle in the market once again. Bitcoin was quick to shrug past these uncertainties after witnessing aContinue reading “Why a near-term retracement would be healthy for Bitcoin over the long-run”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin was traversing through some tricky waters after a breakout from a bullish pattern. A daily close above the confluence of the 50-SMA (yellow) and the $170 ceiling would allow for a retest ofContinue reading “Another 33% surge for Litecoin would depend on these levels being breached”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice LUNA seemed to be approaching an important junction on its chart as a double bottom formed at $33 had the potential to materialize into a rally. A close above the 78.6% Fibonacci level wouldContinue reading “LUNA: A prospective market rally would need these developments”

XRP’s price action has kept investors and traders on the edge of their seats over the last month. The altcoin’s move from $1.9 to under $0.5 and then up to $1.35 has been a remarkable journey, to say the least. However, at the time of writing, XRP was down by 2.5% in 24 hours andContinue reading “Why XRP’s recovery and rally would depend on bridging the fair value gap”