Dogecoin saw a notable gain in a recent rally but it appeared to have lost some ground due to a small retracement in the past few days. It is currently in red with a 1% drop in the past hours. Doge recently found support above $0.057 after initiating drops for two months. It took off […]
Category: Market Analysis
As the overall market cooled off in the past few days, Litecoin fell slightly and further maintained a sideways trend. It appeared to have lost some steam and now sits on minor support with a 4% gain in a week. Following recent market rallies that brought most altcoins to their new multi-month high, LTC saw […]
Chainlink’s price appeared to have entered an overbought zone following a 50% rally in a week. It rejected $12 this week and remained calm ever since. Buying may be suspended if the price further retraces in the next few days. Link’s price dropped to as low as $4.76 while trading in a long tight range […]
While most altcoins surged through their mid-term resistance since the start of the week, ADA found it difficult to break higher as it remains trapped in a descending wedge after a sharp rejection. It is currently up by 15%. A few days ago, Cardano’s price took off at a base support level of $0.24 and […]
With an 8% surge in the last 24 hours, Ethereum’s dominance increased to $17.3% as the global crypto market added $200 billion in a week. It currently looks bullish but is still trapped in a daily descending channel. Ethereum was trading as low as $1,522 a few days ago after retracing from $1,751 on October […]
Bitcoin advanced higher following a steady rebound from a two-week retracement. It looks prime for a big price movement with a new bullish formation. The reverse would be the case if this formation fails to play. Bitcoin started this month in a correction mode and later found support after two weeks of drops. This came […]
Following last month’s rebound from a channel’s lower boundary, Solana retraced and found support above $20. It initiated a fresh buy and resumed buying this week. So far, it posted 35% gains in 7 days. Solana advanced bullish this week after taking undergoing a short correction earlier this month. This explosion came after locating support […]
While XRP remained neutral-bearish on the daily chart, it has managed to reclaim $0.5 in the latest surge and stayed calm above it. However, it currently looks trapped as it struggles to find a solid break out. XRP has not seen a significant movement since it saw a sudden rejection at $0.422 in August. Instead, […]
Ethereum encountered resistance earlier this month and resumed bearish after failing to climb above the $1,750 level during last month’s recovery. It initiated a fresh drop this week and lost 2% in the past hours. ETH seems technically back in the woods after witnessing a small increase in the past month. It attempted to cross […]
Almost all the metaverse tokens are trading around their lows during this period. Apecoin is extremely oversold as it appears to have found a bottom. It is struggling to recover amid the break in bearish actions. Ape has not seen a notable change in levels since the price fell to the $1 psychology level last […]