Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

price-analysis-5/23:-btc,-eth,-bnb,-xrp,-ada,-sol,-doge,-dot,-avax,-shib

Bitcoin and the major altcoins have bounced off their immediate support levels, paving the way for a possible relief rally in the short term. The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate … Read more

Avalanche nears key breakdown level that could sink AVAX price by another 65%

avalanche-nears-key-breakdown-level-that-could-sink-avax-price-by-another-65%

Strongly bearish fundamentals act as tailwind to Avalanche’s technically bearish setup. Avalanche (AVAX) gained 0.5% to reach over $31 on May 23 but AVAX price remains trapped inside a trading range that appears like a “bear pennant” structure. Avalanche could get buried technicals  Bear pennants are bearish continuation patterns, i.e., they resolve after the price … Read more

Avalanche (AVAX) Shows Optimism But Is This A Price Reversal?

avalanche-(avax)-shows-optimism-but-is-this-a-price-reversal?

Avalanche (AVAX) has displayed recovery on its chart. Over the last 24 hours, the altcoin brought home 4.8% gain. Although, there has been a considerable daily gain, AVAX is trading underneath its long-standing price floor. It is difficult for investors to look at just the daily gain as a good enough reason to buy the … Read more

Crypto Bloodbath Impact: DeFi TVL Sinks to Lowest Levels Since June 2021

crypto-bloodbath-impact:-defi-tvl-sinks-to-lowest-levels-since-june-2021

The recent crypto market downturn has not only hurt retail investor sentiment but also the decentralized finance space. According to the popular resource and aggregator DeFi Llama, the total value locked across various chains has declined to levels last seen in June 2021. DeFi Total Value Locked. Source: DeFi Llama   Bitcoin, for one, has … Read more

Avalanche Founder Compares LUNA’s Collapse to Mt. Gox

avalanche-founder-compares-luna’s-collapse-to-mt.-gox

The collapse of Terra’s ecosystem – more specifically, the depeg of UST and the subsequent crash of LUNA – are undoubtedly crypto’s hottest story in 2022 and perhaps even beyond. Speaking on the matter was the founder of Avalanche – Emin Gun Sirer. He noted how Terra’s previous growth affected other blockchains and what its … Read more

Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

price-analysis-5/20:-btc,-eth,-bnb,-xrp,-ada,-sol,-doge,-dot,-avax,-shib

BTC and altcoins produced the occasional relief rally, but technical analysis suggests that the prevailing trend will remain bearish for some time to come. Bitcoin’s (BTC) tight correlation with the legacy markets continues to be a drag, especially as the United States equity markets remain in a firm bear trend. The Dow Jones Industrial Average … Read more

Avalanche Crumbles More Than 16% As Crypto Landslide Continues

avalanche-crumbles-more-than-16%-as-crypto-landslide-continues

Avalanche (AVAX), dubbed the “Ethereum killer,” has plunged to more than 16% following the disastrous crypto market scenario. Other crypto tokens that are also competitors to Ethereum have had massive double-digit losses in the last 24 hours. AVAX, considered the 13th biggest cryptocurrency with a market cap of $7.6 billion, has dramatically sloughed off over … Read more

Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more…

terra-fallout:-stablegains-lawsuit,-hashed-loses-billions,-finder-wrong-and-more…

Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”. Fallout from the collapse of the Terra ecosystem continues to unfold with the United States-based yield generation app Stablegains facing potential legal … Read more

Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15

here’s-why-terra’s-snowball-effect-could-send-avalanche-(avax)-price-to-$15

The collateral damage of Terra’s collapse could continue to impact Avalanche price, especially considering that the Luna Foundation Guard holds 1.97 million AVAX tokens. Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and it’s a near-dead … Read more

Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

price-analysis-5/18:-btc,-eth,-bnb,-xrp,-ada,-sol,-doge,-dot,-avax,-shib

Ailing stock markets continue to impact crypto prices and technical analysis suggests BTC is at risk of falling below its recent $25,500 low. On May 17, United States Federal Reserve Chairman Jerome Powell told the Wall Street Journal that the 50-basis-point rate hikes would continue until inflation is under control. Powell’s emphasis on a hawkish … Read more