Archives par catégorie: Business

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 […]

Avalanche Struggles Under $18 – More Losses Seem Likely

Avalanche Struggles Under $18 – More Losses Seem Likely

Over the last few days, Avalanche has experienced significant losses, plunging by almost 20%. On a weekly timeframe, AVAX has lost 10% of its market value. Although the daily timeframe indicates that AVAX has made a slight upward movement on its chart, with an appreciation of 1.6%, the technical outlook for Avalanche remains bearish. Buyers […]

PepeCoin (PEPE) Rallies By 42% As Interest In Memecoins Rises

PepeCoin (PEPE) Rallies By 42% As Interest In Memecoins Rises

PepeCoin (PEPE), a newly launched memecoin, has been a focal point of investors’ interest in the last few days due to its massive market gains. In a crypto market that is generally bleeding red, PepeCoin, along with a host of other memecoins, has been quite profitable for investors.  PEPE Gains 42% In 24 Hours According […]

Celer Network (CELR) Soars 11% Amidst General Bearish Trend

Celer Network (CELR) Soars 11% Amidst General Bearish Trend

Celer Network (CELR) is currently experiencing a market pump amidst a general crypto fall. In a week in which several assets have bled with significant losses, CELR has repaid investors’ confidence gaining 10.8% in the last seven days. According to more data from Coingecko, CELR has gained by 26.3% in the last two weeks representing […]