Low-cap altcoin like Luna Classic has had its fair share in the latest market surge as it exploded by a staggering 100% in a week. This led the asset to its highest price level in ten months with a slight rejection. After tapping the $0.000097 level in November, Lunc encountered resistance and pulled back to […]
Category: Market Analysis
While some meme coins are yet to recover from their two-week low, Dogecoin bounced back with a 9% gain in the last 7 days. It is currently trading near its channel’s upper boundary as a breakout looks imminent. After witnessing a 50% increase during October’s rally, Doge cooled off a bit and went through a […]
Despite recent drops in the global market cap, ETH’s dominance still stands at 18%. The price is up 2% today but looks indecisive on the daily. A double-top pattern spotted on the daily chart may trigger huge drops in the future. ETH’s bullish trajectory remains intact on the short-term perspective. However, the buying pressure appears […]
While most top altcoins are taking a break, FTT resurged this week and started to gain traction across the market. It currently looks poise for another leg up on a daily after charting a 14% gain in the last 24 hours. FTT’s recovery started two weeks ago after reclaiming the psychological $1 level. The price […]
Chainlink recently lost steam last week after reaching its highest price level in twenty months. However, it found support this week and bounced back strong to where it is facing minor resistance. Can it break higher? Following last month’s surge from a tight range, Link sustained momentum until it reached a monthly high of $16.6 […]
Ripple is in the red zone today following a steady drop in the past 7 days. Trading looks calm due to a shrink in volatility. It remained bullish but is now on the verge of breaking away from a symmetry triangle. XRP tested the $0.736 level a week ago and failed to sustain momentum. It […]
Following last month’s break above a descending wedge, Polkadot’s price continued to increase with no signs of weakness on a daily. A pullback may occur if the asset drops from the current trading level. DOT advanced higher this week and reached a new milestone after scaling through several resistance levels in the past weeks. That […]
This week, FTT recovered from last year’s crash and jumped by over 150% in the last 24 hours, making it the market’s top gainer. It has been gaining traction on the daily with no sign of weakness at the moment. FTT has been finding it difficult to recover loss since it crashed below a dollar […]
Bitcoin’s price remained stuck under $36,000 for almost a week following a massive surge in the previous month. However, it may continue to face serious hurdles if that price level holds firmly. Since the primary coin reached the high of $35,984 last week, it has been finding it difficult to advance higher for a while […]
This week saw XRP through another impressive gain after experiencing a slight pullback in the past week. It has formed a short-term bullish pattern on the daily and now looks ready for a big move. After retracing to the low of $0.47 two weeks ago, XRP established support there and started to increase until the […]