Archives par catégorie: Business

Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $28K

Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $28K

Bitcoin price is showing bearish signs below the $28,000 zone. BTC must clear $28,000 to avoid more losses in the coming sessions. Bitcoin struggled to gain pace above the $28,000 resistance zone. The price is trading below $27,800 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance […]

Filecoin Experiences Sharp Sell-Off, Potential For Price To Drop Below $5

Filecoin Experiences Sharp Sell-Off, Potential For Price To Drop Below $5

The bearish onslaught has taken a toll on the price of Filecoin, which slipped below the $6 mark, and the bears now have a strong foothold. On the one-day chart, Filecoin is showing consolidation with a loss of 1.1%. Over the last week, the coin has depreciated by nearly 17%. The technical outlook for Filecoin […]

Bitcoin’s Upcycle Shows Small Drawdowns, Report

Bitcoin’s Upcycle Shows Small Drawdowns, Report

The Bitcoin (BTC) market has faced some resistance this week, according to a report by cryptocurrency analytics firm Glassnode. The market reverted from a weekly high of over $31,000 to a low of $27,000, signaling a potential correction in the market. Despite this recent dip, Glassnode’s analysis shows that the opening to 2023 has been […]

CELR On A 16% Bear Strike, Bulls Must Hold The Line At This Level

CELR On A 16% Bear Strike, Bulls Must Hold The Line At This Level

CELR, the official native token of Celer Network, is down badly from its previous week’s highs of $0.031, recording a disappointing -16% in today’s trade session. While several cryptocurrencies have shown price weakness, the Celer Network token has been the biggest loser over the past 24 hours. In recent times, the general market sentiment has […]

Standard Chartered Predicts Bitcoin Could Reach $100,000 By End of 2024

Standard Chartered Predicts Bitcoin Could Reach $100,000 By End of 2024

Bitcoin, the world’s most well-known cryptocurrency, has been on a wild ride over the past few years, with its price surging to new highs before crashing back down.  Despite this, some experts still believe the asset could record new significant highs in a few years to come. At current market prices, Bitcoin has currently decreased […]

Bitcoin ‘ESR’ Continues To Show Bullish Divergence, Will Price Follow?

Bitcoin ‘ESR’ Continues To Show Bullish Divergence, Will Price Follow?

Bitcoin on-chain indicator Exchange Stablecoin Ratio (ESR) has continued to show bullish divergence recently. Will the price also mimic this? Bitcoin ESR Has Continued To Sharply Ascend In Recent Weeks As explained by an analyst in a CryptoQuant post, the ESR is currently acting as a leading indicator for BTC’s price. A relevant metric here […]

Cardano At Risk Of Falling 8% If It Doesn’t Hold Above Key Support Line

Cardano At Risk Of Falling 8% If It Doesn’t Hold Above Key Support Line

The Cardano price surged as it broke through a critical resistance trendline on its chart, a few days ago. However, the bullish momentum was short-lived, and ADA has since lost 0.5% of its value on the daily chart. The past week saw a significant depreciation of 14% in ADA’s value, with demand and accumulation both […]

Solana (SOL) Rebounding After A Major Drop, Will It Recover Previous Losses?

Solana (SOL) Rebounding After A Major Drop, Will It Recover Previous Losses?

Many investors are unsure what will happen to the Solana (SOL) price going forward after its recent 7 days decline of 13%. Will SOL make a strong comeback?  Solana has emerged as one of the most popular blockchains in the cryptocurrency industry due to its fast transactions and expanding ecosystem. However, it had a rough […]

What’s Behind The Recent Bitcoin Drop? Here’s What On-Chain Data Says

What’s Behind The Recent Bitcoin Drop? Here’s What On-Chain Data Says

Bitcoin on-chain data hints that selling from the miners may have been behind the latest plunge in the asset’s price below the $28,000 mark. Bitcoin Miners Have Shown Signs Of Selling Recently As pointed out by an analyst in a CryptoQuant post, miners had been putting on some selling pressure on Bitcoin while the decline […]

These Top 5 Cryptos Open The Week With Big Losses – Will They Drop Lower?

These Top 5 Cryptos Open The Week With Big Losses – Will They Drop Lower?

After weeks of gains, the crypto market finally succumbed to the bears. According to CoinMarketCap, the total market cap of cryptos is at $1.12 trillion, a measly 0.22% increase from yesterday. Since the start of the week, the metric has gone down by 9%.  This was largely caused by economic woes that plagued US equity […]

Loopring (LRC) Slides 20% In 5 Days Despite NFT Red Packet 2.0 Launch

Loopring (LRC) Slides 20% In 5 Days Despite NFT Red Packet 2.0 Launch

Loopring (LRC) prices remain under pressure, dropping roughly 20% days after announcing the launch of non-fungible token (NFT) Red Packet 2.0. Loopring Announces Red Packet 2.0 Loopring, a layer-2 decentralized exchange using zkRollups on Ethereum allowing traders to exchange assets, said NFT Red Packet 2.0, currently available on their Loopring Smart Wallet and the web app, let […]

MATIC Below Key Support Levels: What’s Next?

MATIC Below Key Support Levels: What’s Next?

MATIC had been consolidating between $1.4 and $1.8 until it faced bearish pressure and declined. Over the last week, it depreciated nearly 16%, with a 6% dip on the daily chart. The technical outlook indicated bearish price action, with a drop in demand and accumulation. Major altcoins also struggled to surpass their resistance levels as […]

ADA Price (Cardano) Close Below $0.38 Could Spark Larger Degree Correction

ADA Price (Cardano) Close Below $0.38 Could Spark Larger Degree Correction

Cardano’s price started a fresh decline from the $0.460 resistance. ADA could decline further if there is a clear move below the $0.38 support. ADA price declined heavily from the $0.460 resistance against the US dollar. The price is trading below $0.400 and the 100 simple moving average (4 hours). There was a break below […]

Ethereum Price Vulnerable To More Losses If It Stays Below $1,920

Ethereum Price Vulnerable To More Losses If It Stays Below $1,920

Ethereum price extended its decline below $1,920 against the US Dollar. ETH could continue to move down if it breaks the $1,820 support zone. Ethereum traded further lower below the $1,920 support. The price is trading below $1,920 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with […]

Bitcoin Price Could Resume Increase But 100 SMA Is The Key

Bitcoin Price Could Resume Increase But 100 SMA Is The Key

Bitcoin price is attempting a fresh increase from the $27,200 support. BTC must clear $28,000 to start a decent increase in the near term. Bitcoin extended its decline below the $28,000 support zone. The price is trading below $28,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend […]