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

Top 5 cryptocurrencies to watch this week: BTC, BNB, XMR, ETC, MANA

top-5-cryptocurrencies-to-watch-this-week:-btc,-bnb,-xmr,-etc,-mana

BTC price continues to encounter selling pressure, but a brief rally or the start of consolidation could lead to sharp gains in BNB, XMR, ETC and MANA. The Dow Jones Industrial Average has declined for eight consecutive weeks, the first such losing streak since 1923. On May 20, the S&P 500 briefly fell into bear … 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

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

Crypto Price Analysis May-20: Ethereum, Ripple, Cardano, Solana, and Polkadot

crypto-price-analysis-may-20:-ethereum,-ripple,-cardano,-solana,-and-polkadot

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polkadot. Ethereum (ETH) After a week of consolidation, ETH is giving some signs of optimism. The price found good support at $1,900 which represents a higher low compared to $1,700 which was hit on May 12. Ethereum is now in a position … Read more

Bitcoin Stable Near $30,000 But The Bearish Leg Is Far From Over

bitcoin-stable-near-$30,000-but-the-bearish-leg-is-far-from-over

Bitcoin has been getting stable at its crucial support level of $30,000. For over a week now, Bitcoin has been trading near its immediate support level. Over the last week, the coin lost close to 6% of its value and in the last 24 hours, BTC fell by 3%. The past week has been extremely … 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

Solana Fails at $60 as Bears Prevent Any Further Upside (SOL Price Analysis)

solana-fails-at-$60-as-bears-prevent-any-further-upside-(sol-price-analysis)

Solana had a good attempt at breaking above $60, but the market momentum was against it. Key Support levels: $44 Key Resistance levels: $57, $78 Solana attempted to rally after reaching the support at $44 and gained over 50%, reaching the key resistance at $57. However, at that point, sellers intervened and prevented any further … Read more

Shiba Inu Price Analysis: SHIB Staging a Recovery Following a 24% Weekly Crash

shiba-inu-price-analysis:-shib-staging-a-recovery-following-a-24%-weekly-crash

Volatility has decreased since the crash on May 12th, and the price appears to be staging a significant move soon. Key Support level: $0.000010 Key Resistance level: $0.000014, $0.000017 SHIB has formed a large pennant (in blue in the chart below) which can break as soon as volatility returns. The current support is found at … Read more