cryptohopper

cryptohopper

Chainlink (LINK) has witnessed a substantial surge in the past two weeks and is now approaching the prospect of a new yearly high. Both weekly and daily timeframe analyses exhibit bullish tendencies, which is supported by the price action MFI. How Far Can Chainlink's Uptrend Continue? Looking at the weekly technical analysis, LINK's price has been on the rise...

cryptohopper

Polkadot (DOT) recently experienced a significant breakdown as it fell below the crucial $4.20 support level, marking its lowest weekly close since 2020. This decline has raised concerns among investors and analysts alike. DOT has been following a bearish trajectory since reaching its yearly high of $7.90 in February 2023. It slid below the $4.20 support level,...

cryptohopper

Bitcoin (BTC) enthusiasts might face some headwinds as a key monthly technical indicator, the stochastic, signals an "overbought downturn" according to Fairlead Strategies. The stochastic indicator recently dipped below 80, which indicates a loss of upward momentum. This indicator typically oscillates between 0 and 100, with readings above 80 signaling overbought...

cryptohopper

The price of Polygon (MATIC) has experienced a significant 22% collapse since its July highs, raising concerns about the possibility of a new yearly low. MATIC failed to break through a critical horizontal resistance area, leading to a breakdown from a short-term corrective pattern. This decisive rejection indicates a bearish trend, and if the breakdown is...

cryptohopper

Ethereum (ETH) has experienced a corrective phase following its new yearly high on July 14. While the price action confirms the correction, the wave count suggests that ETH will likely bottom soon, paving the way for it to resume the previous upward trend. Daily RSI Bearish Signal The daily Relative Strength Index (RSI) is bearish, corroborating the Ethereum...

cryptohopper

Dogecoin (DOGE), the meme cryptocurrency known for its wild price swings, has experienced an unusual period of calm this year, lagging behind the performance of Bitcoin (BTC) and Ethereum (ETH). However, a technical analysis with the Bollinger bandwidth indicator suggests that this tranquility may soon come to an end. Understanding Bollinger Bands: A Tool to...

cryptohopper

Investors in the cryptocurrency market are looking for buying opportunities despite the current volatility of Bitcoin and Ethereum. As a result, many traders are turning to bullish altcoins like KAVA, which has been showing steady price growth despite market selling pressure. KAVA, a native token of the KAVA blockchain, recently completed a higher low price...

cryptohopper

Injective has been one of the top-performing cryptocurrencies this year. Let’s see what happens next! What is Injective? Injective is a blockchain designed for finance, powering DeFi applications such as decentralized spot and derivatives exchanges, prediction markets, and lending protocols. It offers core financial infrastructure primitives and a fully...

cryptohopper

MultiversX (EGLD) has been showing signs of recovery after bouncing up from a support level of $40.00. In our last analysis, we identified this level as a key support level, and it has held the pullback so far. Currently, EGLD is on its way to the minor resistance level of $54.50. What is EGLD? MultiversX is a blockchain protocol that offers fast transaction...

cryptohopper

Stacks (STX) has been one of the best-performing coins on the market this year. The token soared by nearly 500% from January 1st to its high of $1.31 only 18 days ago. However, like most cryptocurrencies, STX is now experiencing a pullback. In this analysis, we'll take a closer look at what's happening with STX and what investors can expect in the coming...

cryptohopper

MAGIC is currently experiencing one of the strongest bull runs in the whole market. Let's see why! What is MAGIC? MAGIC is a utility token used as a cross-game currency to connect gaming communities in the Treasure Metaverse, a decentralized NFT ecosystem on Ethereum's Layer 2 scaling solution. It launched in September 2021 and serves as a reserve currency for...

cryptohopper

Let’s see how you can trade IMX in a ranging market successfully! What is ImmutableX IMX? ImmutableX IMX is the native cryptocurrency of the ImmutableX platform. ImmutableX is a layer-2 scaling solution for Ethereum, designed to offer fast and secure trading of non-fungible tokens (NFTs). ImmutableX uses the Ethereum network for security and settlement but...

cryptohopper

Maker has rebounded recently, but how stable is this renewed bull run? What is Maker? Maker (MKR) is a decentralized cryptocurrency that operates on the Ethereum blockchain. It is a governance token used to manage the MakerDAO platform, which is a decentralized finance (DeFi) protocol. MKR has experienced some recent market trends and developments, so let’s the...

cryptohopper

FTM is trapped between two levels, so what happens now? What is FMT? Fantom (FTM) is a decentralized blockchain platform designed to facilitate instant transactions at low fees, making it ideal for businesses and developers who need to process large volumes of transactions. FTM’s current situation FTM experienced an impressive rally recently, with its value...

cryptohopper

Bitcoin is at the $25,000 resistance. If the price breaks above this level, it will open the coin to further gains. The Details: Bitcoin recently hit the $25,000 resistance level, which was identified in our last analysis. This resistance level was last tested in August 2022, and has proven to be a tough hurdle for Bitcoin to overcome. Let’s review Bitcoin's...

cryptohopper

MATIC is currently at the $1.32 resistance. Can it break through and head toward the all-time high? About MATIC: Polygon (MATIC) is a blockchain platform that provides Ethereum compatibility through its Layer 2 scaling solution. It aims to solve scalability issues in the Ethereum network, and make it easier for developers to build and deploy decentralized...

cryptohopper

RNDR is at resistance and could experience a 120%-150% rally if the breakout pans out! The Details: Render Token (RNDR) is a cryptocurrency that powers the decentralized render network of OTOY. OTOY is a cloud graphics company that provides high-quality rendering services to the entertainment, architectural, and product design industries. RNDR is used to pay for...

cryptohopper

The cryptocurrency token Optimism has reached a new all-time high; let’s see what happens next! What is Optimism? Optimism (OP) is a cryptocurrency built on the Ethereum blockchain. It is a new type of token used to pay for transactions on the Optimism layer 2 scaling solution for Ethereum. The Optimism protocol allows for faster and cheaper transactions by...