XRP Has Broken Below Its Long Standing Support, What’s Next?

xrp-has-broken-below-its-long-standing-support,-what’s-next?

XRP flashed lateral price movement at the time of writing. The coin register some gains over the last 24 hours however, it was quite minor. Bulls are not completely back in the market yet. For bulls to be back in the market, it is essential for XRP to move above the $0.60 mark. Technical outlook … Read more

Solana (SOL) Could Register An Upswing, Thanks To This Pattern

solana-(sol)-could-register-an-upswing,-thanks-to-this-pattern

Solana has been currently trading within a consolidation phase. Despite a recovery on charts, the coin is trading at the level it last traded in the month of August, last year. Over the last few days, the coin observed lateral price movements. Usually after a consolidated phase, it can be assumed that the altcoin could … Read more

Bitcoin Reclaims $30K Territory After Recent Weeks’ Struggle – Analysts Weigh In

bitcoin-reclaims-$30k-territory-after-recent-weeks’-struggle-–-analysts-weigh-in

Bitcoin recorded a significant positive divergence early Monday, following seven days of trading below $30,000. The crypto is trading at $30,536.93 at press time, a decrease of 2.5 percent from the previous week, according to Coingecko data. In the preceding 24 hours, the worldwide cryptocurrency market capitalization increased by almost 2 percent, reaching nearly $1.3 trillion. However, the … 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

Polkadot (DOT) Trades Beneath $11; How Soon Will It Target $14?

polkadot-(dot)-trades-beneath-$11;-how-soon-will-it-target-$14?

Polkadot (DOT) has held itself for sometime at the current price level. The consistent downslide of major market movers have pushed many altcoins near their immediate support and below their nearest resistance levels. Recent market conditions have been quite harsh for investors. The returns have been questionable. Polkadot (DOT) has witnessed a sharp fall in … Read more

Cardano (ADA) Grapples At $0.524; Bullish Trajectory Coming

cardano-(ada)-grapples-at-$0.524;-bullish-trajectory-coming

Cardano (ADA) prices show that the bulls are trying to overpower the market to diminish the bearish trend. ADA prices have been lingering steadily at $0.5, and a rejection strung at $0.628. More so, there has been a marked price decline of 7% in the market seen the previous days as the bearish trend takes … Read more

Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery

cosmos-(atom)-skyrockets-12%-following-bitcoin-and-ethereum-recovery

The crypto market is showing signs of recovery, and it seems Cosmos has also been pulled in the same direction with an increase of 12% in the last 24 hours. Cosmos (ATOM), the 27th biggest cryptocurrency, has a total market cap of $3.2 billion. ATOM, the token that fuels the Cosmos blockchain network, has been … Read more

Ethereum Could Tank Further; Here’s What The Charts Say

ethereum-could-tank-further;-here’s-what-the-charts-say

The bear market has been quite harsh to all major altcoins including Ethereum. Over the past 24 hours ago, the coin dipped by 4%. In the last week however, Ethereum tried to stage a recovery. The bears continued to drag prices down despite that. Buyers of Ethereum have tried to remain calm throughout most of … Read more

Tether Cuts 17% Of Its Commercial Paper Holdings Over Q1 2022

tether-cuts-17%-of-its-commercial-paper-holdings-over-q1-2022

As per the official report published on May 18, Tether, the issuer of the world’s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT. Tether made the reduction over Q1 2022 and continues for a further 20% … 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