Under the sentiment of the bearish market, BNB, like many other coins on the crypto market, was pushed to the lower grounds without an obvious reason. Based on its latest moves, it seems like that the market started to look at actual value of the coin, and not only toward macro economics, which would certainly be positive for BNB in the future period, considering...
Slow motion moves continue for XRP, but with some positive indications based on technical analysis. Charts are starting to point toward the $0.4 resistance line, however, considering decreased daily trading volumes, it might take some time till XRP reaches this level in the coming period. Previous week was positive for XRP, regardless of the coin`s slow moves....
It was quite nice to see that the eyes of inventors are back on Ether. For some unclear reason, Ether was completely neglected by the market, which pushed coin all the way down to $1.0 support, during the latest period. It looks like things are changing as investors have moved from strictly macro fundamentals toward actual good developments occurring with Ethereum...
Posted macro fundamentals during the previous week shows that inflation in the US is still very strong, implying that the FED will most probably continue with its tight monetary policy. This would mean less liquidity to invest in the markets, and the crypto market is also one of them. Investors are currently looking at the next FOMC meeting, which will be held as...
Last week in the news U.S. equities bounced a bit back on Friday; however, they are still below levels from the beginning of the previous week. Crypto market had a modestly volatile week, but still ended in a weekly profit. Bitcoin erased losses from the beginning of the week by reaching levels above $21K, while Ether bounced back to $1.3K level. The most...
LINK started July with side trading. After reaching the $6 support line, there has not been further market strength to push the price to the downside, so the price managed strongly to hold to this level. This is actually good news for LINK, considering overall negative market sentiment due to macroeconomic developments. The price range during the week was $6.13...
Since the middle of June ADA entered into side trading mode. It was the same during the previous week, when the prices were moving in the range between $0.44 and $0.48. It looks like the coin reached its bottom line around $0.4 level and continues to move in this range, as there are no significant buying orders which would push the price higher. At this moment, it...
There was another positive news regarding Binance business expansion during the previous week, as the company introduced its zero-fees crypto trading on its platform. This was a positive move from Binance, as the company managed significantly to increase trading volumes. However, market reaction, when it comes to BNB, was minimal. Macro fundamentals continue to...
Ripple continues with its slow motion moves, however, as long as they are in a positive direction, holders will not have anything against it. XRP started the previous week at level of $0.31 and reached its highest weekly level at $0.35. By looking at historical prices, XRP always starts with side trading when the market is exhausted by previous sharp moves to the...
It was a pretty good week for ETH as the coin managed to outperform its main rival on the market, with a gain of 15% on a weekly basis. For some time now, the market was pushing ETH`s price strongly to the downside, without a clear reason. Price moves during the previous week suggest that some confidence in ETH is back on the market, but due to macro risks, higher...
We have seen some long awaited positive developments on the crypto market during the previous week. Some of the losses incurred two weeks ago were erased during the previous week. However, the same risks that were driving the markets to the downside are still on a market stage, in which sense, it might be too early to cheer the end of the down cycle. Released data...
Last week in the news Last week was a small relief from a bearish trend since the beginning of this year. However, risks from the macro environment are still in play, in which sense, it is too early for celebration. Bitcoin managed to sustain a support line at $20K, reaching its highest weekly level at $22.5K. Ether is back at $1.2K. Positive economic news...
Although LINK started the previous week in a positive manner, heading toward the upside, still the highest level reached was $7.1. Long term resistance line has not been tested on this occasion. By following general market sentiment, price soon reverted to the downside, to the level of $5.88. Coin is finishing the week testing the support line at $6, but without...
As it has been expected, ADA continued with side trading during the previous week. This is sort of typical behavior of this coin, after prior strong price moves. During the previous weeks, the price of ADA reached historically lowest levels, after which, the coin started its side trading around level of $0.45. Relative Strength Index is a reflection of the side...
General negative market sentiment is continuing to impact the price of BNB coin. During the previous week, the coin was making modest moves between levels of $242 down to $204. Support line at $200 has not been clearly tested on this occasion. As of the end of the week buying orders started to emerge, which stopped the price of moving further to the downside. RSI...
XRP significantly slowed down volatility during the previous week. Market was side trading this coin. Considering general negative market sentiment, side trading sometimes might be a good thing. It suggests that the $0.3 support line is the current bottom for this coin and there is no strength to move the coin further to the downside. Highest level reached during...
Market continues to punish ETH without any obvious reason. Since the beginning of this year ETH lost almost 72% in value, while BTC lost around 60% for the same period of time. There is no rational reason for such a loss in value for ETH, except only to comply with saying that the market is always right. Market is still in a sort of vacuum when the price of...
Markets do not favour uncertainty, in which sense, capital preservation currently plays a more important role from returns on capital. Last week there was a further decrease in the value of both equities and crypto currencies, but the only assets that gained in value were US Treasury bonds. Capital flow currently goes to Treasury bonds as a means of capital...