Dogecoin’s lack of stronger cues means this for the asset
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice After touching record levels throughout April and May, Dogecoin suffered a massive decline of 70% on the back of a wider crypto-sell. A descending channel breakout offered temporary relief, but the bears have been […]
Why Ethereum Classic is unlikely to climb above this price level anytime soon
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Ethereum Classic’s 330% hike in early May seems to be a distant memory now. Since then, the price has declined sharply, dropping by nearly 80% to its 19 May swing low of $40 at […]
A bullish breakout for Cardano – How likely is it?
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Cardano has failed to breach the $1.88-resistance since 19 May and its latest unsuccessful breakout attempt in early June resulted in another 50% decline. A single candlewick dropped all the way towards $1 and […]
Bitcoin Cash: Is another drawdown likely?
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin Cash suffered a major setback after its price declined by 80% from its 12 May swing high of $1,642. An additional 50% drop dragged it below its 19 May swing low of $470, […]
Binance Coin’s recovery hinged on this
Weekly losses piled up at 30% for Binance Coin on the back of high selling pressure persistent across the global cryptocurrency market. During this period, prices steadily declined from the upper ceiling of $380 to its press time level of $264. With bears in control for the moment, BNB would most likely register more losses […]
Cardano: Can this cushion the mounting bearish pressure?
Cardano has garnered much attention from the crypto community due to constant network upgrades over the past few months. After the successful Mary hard fork, Cardano now aims at bringing smart contract to its system via the highly anticipated Alonzo upgrade. Its first-ever smart contract written in Plutus went live on the Alonzo Testnet a week […]
XRP: Could this hold up against incoming selling pressure
XRP’s price has been under the gun over the past week, along with the rest of the crypto market. Weekly losses amounted to over 32% as the digital asset snapped an unwanted record of over a 2-month low at press time. Its price was not only burdened by the weight of bearish broader market cues […]
Dogecoin: Is there a way to alleviate losses?
While the global cryptocurrency market started another day in the red, Dogecoin’s losses seemed to far extend those seen in most of its counterparts. The volatile digital asset does have an affinity for social media trends and its latest decline may have been accentuated due to a car crash in a NASCAR race. At the […]
Here’s what could determine Ethereum’s trajectory over the coming days
The global cryptocurrency market took yet another beating in what was its seventh straight bear market in a row. The world’s largest altcoin-Ethereum was also under the pump and lost ground on its phycological $2,000 level. With a down-channel still active on its 12-hour chart, prices could dip lower and find safe haven in a […]
This would be decisive for Bitcoin’s movement over the coming days
China’s clampdown on cryptocurrency mining in the key province of Sichuan piled on further selling pressure on the global cryptocurrency market. Market leader Bitcoin suffered yet another pullback as the digital asset dropped down to $32,500 at the time of writing. Focus now shifted over to a support zone around $30,000 which would be decisive […]
Chainlink: When can a reset be expected?
While the last seven days have been a sea of red for the global cryptocurrency market, Chainlink’s woes seem to be more severe than some of its counterparts. Its weekly losses of 19% have even overtaken losses observed in Bitcoin. The cryptocurrency even lost out on its all-important psychological level of $20 at the time […]
MATIC’s price: What can provide confirmation of a sharper price swing?
MATIC’s jump towards $2.40 post 19th May crash was quite impressive especially when a bear market was taken into account. However, the digital asset failed to sustain higher levels since and succumbed to constant selling pressure. Its latest rally towards $1.70 did induce some optimism, but a failed breakout attempt saw the emergence of a […]
What does Polkadot’s descending triangle mean for its price
Polkadot’s correlation coefficient with Bitcoin has steadily increased in the first half of 2021. During this period, DOT registered all-time highs during the month of February, April and May. However, its strong relationship with BTC was both a boon and bane. The king coin’s steady decline from $40,000 had a negative effect on DOT’s price […]
For XRP, is an additional sell-off on the cards? What then?
It has been a month since the crypto crash but the market has shown no clear signs of recovery just yet. Majority of altcoins have traded below major resistance marks and the same was no different for XRP. Losses over the last 30 days accumulated to 30% as the digital asset struggled to break above […]
Dogecoin vs the odds: What could happen next?
With the global cryptocurrency market depending on Bitcoin’s movement since 19 May, altcoins have predominantly oscillated between their major support and resistance marks due to the king coin’s fluctuations. The same was true for Dogecoin, which saw movement between $0.447-resistance and $0.280 support since the crypto sell-off. However, Bitcoin’s recent pullback towards $35,000 had a […]
This level would be a crucial point for Binance Coin
For more than a week now, Binance Coin has oscillated between a tight channel of $380 and $320 despite sharper fluctuations in Bitcoin’s price. While a period of consolidation seemed to be in effect, movement within its support/resistance levels did present an opportunity for swing traders to bag some profits. At press time, Binance Coin […]
Can Ethereum Classic bounce back from this strong support zone?
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The last few days have been quite eventful for the global cryptocurrency market. Bitcoin’s movement above $40,000 and its subsequent decline back towards $35,000 saw most altcoins oscillate between major support and resistance levels. […]
Dogecoin: Is this a cause for concern?
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Dogecoin’s rise to crypto-glory made for a compelling story during the first half of 2021. Its year-to-date gains amounted to over 5,000% as the ‘meme coin’ cemented its position at the top of the […]
Ethereum: Will this level hold in the face of selling pressure?
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The weekend curse seemed to continue as the global cryptocurrency market opened in the red on yet another Saturday. Ethereum was no exception to the trend and found itself burdened by selling pressure. At […]
Ethereum, Litecoin, Chainlink Price Analysis: 15 June
Ethereum traded within a ascending triangle and presented targets at $3,100 or even $3,600 in an extreme bullish outcome. Litecoin could see a rally towards $240 over the coming sessions. Finally, bullish momentum could push LINK beyond $27-resistance. Ethereum [ETH] Ethereum formed an ascending triangle on its 4-hour chart and a breakout was expected over […]