Cardano continues to struggle with price reversal, after the coin reached a clear oversold market two weeks ago. During the previous week ADA continued to move to downside, reaching its lowest weekly level at $0.44, where it is finishing the week. RSI is not moving from the oversold market, with the highest weekly level at 35. This is a signal that the market is...
During the previous week BNB continued its recovery from the push to the downside two weeks ago. Coin managed to reach its highest weekly level at $337, however, on Thursday`s trading it reverted to the downside and finished the week at levels modestly above the $300 support line. Certainly during the week the coin was supported by Binance Coin`s further expansion...
During the previous week, XRP continued its slow moves around the $0.4 support line. Still, downside pressures continued during the week. This was particularly evident on Friday`s trading when volume of daily trading reached double the size of previous sessions, with prevailing selling orders. Price of XRP moved down to $0.37, however, the coin managed to sustain...
Another week in a row Ether outperformed BTC but again in a negative way. Namely, Ether was a coin which had the highest drop in market cap of around $24B, losing additional 10% in value. This drop definitely pushed the price below the $2K psychological line where the support line at $1.950 has been clearly breached. Lowest level reached during the week was...
During the last two weeks the crypto market has traded sideways. Investors are still weighing the current business environment marked with high inflation and central bankers lifting interest rates in order to cope with it. Insecurity is never welcomed by investors; hence, it might take some time until markets turn again to the upside. At the beginning of the...
Last week in the news Latest output of economic data is modestly increasing investors' confidence that inflation in the US might be slowing down, after the latest measures imposed by the FED. The US equities finished the week in a positive territory. However, the crypto market is currently on hold. Bitcoin is finishing the week modestly below $28K, Ether holds...
Two weeks ago general market correction started. Both equities and the crypto market were affected. Major reason behind this correction was FED`s another increase of interest rates by 50 basis points, as well as their narrative related to further monetary tightening. However, the question that still stands is if the latest market moves were only the beginning of...
XRPUSD remains at the bottom of its range at its important 0.39 level that was the pull back after-bottom low before its rally to highs after and above its sec low in Jan 2021. Noted is the the upside overshoots on its down trendline of the triangle and the exhausted indicators at all time lows. We suspect the next upside overshoot is more likely to materialize...
LINK continues to follow the general market trend. During the previous week, the coin started with a short reversal, after reaching a clear oversold market two weeks ago, however, the coin did not manage to sustain new levels and reverted a bit back, to the levels from the start of the week. Highest level reached during the week was the $8 long term resistance...
After reaching the historically lowest level, ADA started a short reversal to the upside. Previous week the coin started modestly above $0.5 and headed toward the $0.6 resistance line, which has been tested. However, during the week there has not been enough market strength to push the price above this level, so ADA reverted back once again, ending the week...
Two weeks ago BNB had a challenging week where the price of the coin was pushed strongly to the downside and to the $250 support line. Soon after the oversold market was reached, BNB started its clear reversal path. However, considering the still challenging market environment driven exclusively by fundamentals, the recovery path might not be so swift as BNB...
Markets have slowed down, and so is XRP. There has not been much movement during the previous week, but trading volumes have also decreased. To some extent, this could be positive for XRP, considering the depth of its market. Highest level reached during the week was $0.44, lowest one was $0.34. For the moment, it seems that the $0.40 support line is a safe zone...
Previous week was one of the rare weeks where Ether outperformed Bitcoin, unfortunately in a negative way. During the week Ether lost additional $5.6B in market cap by decreasing its price by 2.3%. Selling orders continue to be prevalent on the market. Highest price reached during the week was $2.1K, while lowest price reached was $1.9K. Current charts are...
After a quite turbulent week, the previous week crypto market remained in a relatively calm mood. Dip buyers have still not entered the stage, as they are still weighting news from central bankers and forthcoming inflation figures. On the other hand, there are analysts who are pointing out that the bear market started at the beginning of this year, and will...
Last week in the news After a strong corrective week, the previous week brought some relief on the crypto market. The US and EU equities continued to trade with increased volatility, and regardless of clear bearish trend, ended Friday in the green zone. Bitcoin is holding to $30K, Ether is testing $2K support. Monetary policies of central bankers of developed...
Introduction of crypto currencies and blockchain technologies was one of the highest technological breakthroughs, after the invention of the Internet a few decades ago. Initial premise related to these new algorithms and their major product – crypto coins, was that they exist to replace fiat currencies and solve issues that fiat currencies had for many years since...
Prevailing selling orders from two weeks ago, just continued their trend in an environment of negative market sentiment. LINK started the previous week around $10 short term support line, and continued the bearish trend down to the level of $5.3. Since a clear oversold market has been reached, the coin started its short term reversal, finishing week at $7.2. RSI...
During the previous week ADA reached a not so nice record. Namely, the coin managed to reach its historically lowest market price at the level of $0.39, but on a positive side, at least the coin managed to increase its volatility. ADA is finishing the week around level of $0.5, with RSI moving at oversold market and MA50 moving slightly away from its MA200...