Since the rejection from $50,648, buyers kept Bitcoin price above the 100-day SMA near $46,000. On-chain data by Glassnode reveals increased on-chain demand accumulation as investors eye another liftoff above $50,000. Bitcoin has remained lethargic in its trading since last week. The rejection from $50,548 left investors dejected because their expectation was...
-DOGE has fallen nearly -14% over the last week -Price has formed a falling wedge -30 day MA is acting as support DOGE has fallen short in terms of performance over the last month when compared to other large cap alt-coins. Price is up around 75% since the low on July 20th was set. Many expected DOGE to be well above the $0.30 range by now but an overall...
-Matic has fallen -15% over the last week -Price is attempting to break below mid term trend -25 day MA is acting as support MATIC had an amazing run in the first half of this year as prices rose nearly 16,000%. Since the cryptocurrency market had its 2 month correction, MATIC has been attempting to reach previous levels traded at in May. Only a few alt coins...
-ETH has stayed flat over the last week -Price has been attempting to break over 8 month trend line -25 day MA is acting as support Ethereum usage has skyrocketed over the last month thanks to the ongoing NFT boom. Opensea, the largest NFT marketplace that runs on ETH, has experienced an explosion in volume over the month of August. Since this has occurred, the...
-XRP has risen over 65% the last month -Price has been struggling to break a 4 month downtrend -25 day MA has been acting as support XRP has had one of the best months of the year in terms of percentage gains. Prices rose 160% off the low set on July 20th. Since then, XRP has been struggling to break over its 4 month downtrend line. BTC & other major alt coins...
-BTC is up 25% over the past month -20MA has acted as support since the bottom in July -Price has formed a curve which shows breakout in 1 week or less Bitcoin has been having trouble tackling the $50,000 mark over the last 2 weeks. After prices surged off the bottom of $29,000, BTC managed to rise nearly 75% in less than a month. Since then, BTC has been steady...
-SOL has risen over 250% the last month -Price has been supported by the 15 MA -A bearish divergence may put this rally at risk Solana has been one of the strongest coins in the top 100 over the past month. Prices have surged off the July 20th low of $22 to nearly $95 in only a months time. This rally was sparked by BTC & ETH breaking out of their multi month...
Bitcoin price managed to hold above $46,000, supported by the 200-day SMA. The bellwether cryptocurrency is headed for high volatility following 1.68 million BTC exchange inflow, the largest since June 19, 2019. Bitcoin is about to step above $47,000 after the declines that dominated this week’s trading embraced crucial support. The flagship cryptocurrency...
-AVAX is up nearly 30% the last week -Price just bounced off mid term trend line -RSI prints hidden bullish divergence Avalanche has been one of the best performing coins in the month of August. Prices have risen nearly 300% since the start of the month as investors have taken a strong bullish stance on the potential use cases of the AVAX technology. AVAX...
-XRP has fallen over 15% the past week -Price is being held up by 125MA -XRP has formed a descending channel XRP has struggled to continue its uptrend over the last week. Prices rose to $1.30 nearly 2 weeks ago and have been bouncing above a dollar ever since. BTC has largely influenced XRPs price action as BTC failed to hold above the $50,000 mark. BTC & the...
BNB price holds in the green, accruing 5% in gains while other major altcoins falter. Binance coin targets $600, but first, buyers must confirm a real break above $500. The United Kingdom Financial Conduct Authority says that Binance has finally complied with regulatory requirements. Binance Coin is brushing shoulder with $500 following a brief swing higher...
Bitcoin briefly slipped under $48,000, but bulls reacted immediately, pulling the price higher. The transaction history model reveals that BTC sits on robust support areas, crediting the recovery. The MACD has a minor bearish impulse that may keep bulls from accomplishing their goals above $50,000 in the near term. Bitcoin price eventually slipped under...
-LTC is down over 5% the past week -Bears have relentlessly defended the $200 level -Price has been held up by the 100MA for a month Litecoin has underperformed the market over the last month. Even though prices are up over 50% from its low in July, comparing these gains to other coins in the top 20, LTC is severely lagging behind. Litecoin is one of the OG coins...
-DOT has fallen roughly -8% over the last week -Price has been holding the 75MA for over a month -DOT has been stuck within an ascending channel Polkadot is showing some signs that a pullback may be underway. BTC & ETH have stalled at their resistance levels over the last couple days and have since started falling to lower support levels. This bearish price...
Ethereum price stalls after brushing shoulders with the 61.8% Fibonacci level. Overhead pressure begins to increase amid a looming correction to $3,000. The MACD has a vivid bearish impulse following a sell signal. Ethereum is trading slightly above $3,300 on Tuesday during the Asian session. On Monday, its price action was mainly drab, with bulls unable to...
-DOGE has fallen nearly -10% the past week -Price has formed a bull pennant -70MA has acted as support for nearly a month Doge Coin has been overall silent over the last month as many coins have went parabolic. The meme hype has surely died down over the last few months and so have the many Doge Coin influencers. Many are questioning why DOGE is not back above...
-CAKE has risen 27% over the last week -Price has been stuck within an ascending channel -50MA has held as support for a month Pancake swap has been in a strong uptrend for nearly a month. The rest of the cryptocurrency market has been going berserk as many coins have been surpassing their all time highs. CAKE has been working its way up to its major resistance...
Bitcoin lifts above $50,000 since May while bulls shift attention to $60,000. BTC’s technical picture remains bullish, suggesting that this is a bull cycle. Bitcoin price continues with the recovery from $44,000 during the weekend session. As expected, settling above $48,000 triggered more gains as buyers looked forward to trading past $50,000. At the time of...