BNB started the previous week with another push of price to the level of $330, however, another week in a row the coin did not manage to break this level on a road to the resistance line at $350. Weakness of the market for such a move has been caused by negative signals from the FED. Coin finished the week testing support line at $300. At the same time daily...
XRP continued its sideway trading during the week, still holding around $0.4 support line. Although this might look like positive news, on the second look, the question emerges for how long can $0.4 support withstand the selling orders pressure? During the week XRP tried to push the price to the upside, but it managed to reach only level of $0.43 on a short...
Bad period for ETH continues for the third week in a row. Resistance line at $1.950 has been tested during the week, when the coin reached the $2K psychological line, however, there has not been market strength to push the price above $2K, so the coin returned to the levels from the beginning of the week. ETH is finishing the week around $1.780 and testing the...
Inflation continues to be a major preoccupation of investors on financial markets. Latest signals from FED are not pointing that peak is near, which puts investors in a position to hold while positioning waits for the right signal from FED. In this sense, Friday would be a day to watch as the US inflation rate will be posted. Bitcoin started the previous week...
Last week in the news Markets continue side trading in expectation of new inflation figures during the following week. At the same time FED officials said that inflation is still not at its peak level, which implies possible further FED's rate hikes. Bitcoin was testing $30K but ended the week below this level. Ether is still below psychological $2K. Latest...
During the previous week LINK was clearly traded sideways. Price of the coin was moving modestly toward level of $7.6, however, during Friday`s trading price reverted again to the downside, ending the week around $6.5 level. Price recovery, after reaching a clear oversold market, continues to be on hold, as there is still ongoing selling pressure for this coin,...
Cardano continues to struggle with price reversal, after the coin reached a clear oversold market two weeks ago. During the previous week ADA continued to move to downside, reaching its lowest weekly level at $0.44, where it is finishing the week. RSI is not moving from the oversold market, with the highest weekly level at 35. This is a signal that the market is...
During the previous week BNB continued its recovery from the push to the downside two weeks ago. Coin managed to reach its highest weekly level at $337, however, on Thursday`s trading it reverted to the downside and finished the week at levels modestly above the $300 support line. Certainly during the week the coin was supported by Binance Coin`s further expansion...
During the previous week, XRP continued its slow moves around the $0.4 support line. Still, downside pressures continued during the week. This was particularly evident on Friday`s trading when volume of daily trading reached double the size of previous sessions, with prevailing selling orders. Price of XRP moved down to $0.37, however, the coin managed to sustain...
Another week in a row Ether outperformed BTC but again in a negative way. Namely, Ether was a coin which had the highest drop in market cap of around $24B, losing additional 10% in value. This drop definitely pushed the price below the $2K psychological line where the support line at $1.950 has been clearly breached. Lowest level reached during the week was...
During the last two weeks the crypto market has traded sideways. Investors are still weighing the current business environment marked with high inflation and central bankers lifting interest rates in order to cope with it. Insecurity is never welcomed by investors; hence, it might take some time until markets turn again to the upside. At the beginning of the...
Last week in the news Latest output of economic data is modestly increasing investors' confidence that inflation in the US might be slowing down, after the latest measures imposed by the FED. The US equities finished the week in a positive territory. However, the crypto market is currently on hold. Bitcoin is finishing the week modestly below $28K, Ether holds...
Two weeks ago general market correction started. Both equities and the crypto market were affected. Major reason behind this correction was FED`s another increase of interest rates by 50 basis points, as well as their narrative related to further monetary tightening. However, the question that still stands is if the latest market moves were only the beginning of...
XRPUSD remains at the bottom of its range at its important 0.39 level that was the pull back after-bottom low before its rally to highs after and above its sec low in Jan 2021. Noted is the the upside overshoots on its down trendline of the triangle and the exhausted indicators at all time lows. We suspect the next upside overshoot is more likely to materialize...
LINK continues to follow the general market trend. During the previous week, the coin started with a short reversal, after reaching a clear oversold market two weeks ago, however, the coin did not manage to sustain new levels and reverted a bit back, to the levels from the start of the week. Highest level reached during the week was the $8 long term resistance...
After reaching the historically lowest level, ADA started a short reversal to the upside. Previous week the coin started modestly above $0.5 and headed toward the $0.6 resistance line, which has been tested. However, during the week there has not been enough market strength to push the price above this level, so ADA reverted back once again, ending the week...
Two weeks ago BNB had a challenging week where the price of the coin was pushed strongly to the downside and to the $250 support line. Soon after the oversold market was reached, BNB started its clear reversal path. However, considering the still challenging market environment driven exclusively by fundamentals, the recovery path might not be so swift as BNB...
Markets have slowed down, and so is XRP. There has not been much movement during the previous week, but trading volumes have also decreased. To some extent, this could be positive for XRP, considering the depth of its market. Highest level reached during the week was $0.44, lowest one was $0.34. For the moment, it seems that the $0.40 support line is a safe zone...