Crypto Market Under Downside Pressure, Risking Massive Sell-Offs

The cryptocurrency industry is under pressure yet again ahead of Wednesday’s Taiwan visit by Nancy Pelosi of the United States, escalating tensions between Chain and the US. Moreover, the $200 million Nomad exploit and the SEC charging eleven for the $300M Forsage Ponzi scheme added some downside pressure on the marketplace, triggering price plunges. The … Read more

Chainlink (LINK): How Investors Can Capitalize on This to Stay Profitable

Chainlink’s previous declining triangle pattern reignited the selling momentum as LINK plunged beneath its four-hour Exponential Moving Average ribbons. Consequently, the token dropped to $6.1 before recording an attractive growth within the previous week. As bulls supported LINK’s spot beyond the Exponential Moving Average ribbons, Chainlink underwent a bullish flip. While the latest actions printed … Read more

The Ongoing Crypto Rally Might Not Have Legs: Expert Explains

The cryptocurrency market witnessed a rally following the Federal’s move to execute the expected 75 basis point rate hike. Bitcoin price surged more than 9% within the past day to surpass $23.2K. That triggered uptrends in the altcoin market, with Ethereum gaining more than 13% over the previous day to topple $1.6K. However, The Macro … Read more

Ethereum (ETH): These Metrics Might Offer Some Clarity to Aggressive Traders

Ethereum has seen a somewhat challenging journey during July sessions. The leading alt explored the lows of $1,040 before climbing towards $1,640 within three weeks. This price change of more than 58% is unusual normalcy for leading chains like Bitcoin and Ethereum. However, the recent sluggish start of the week triggered some worry. Moreover, traders … Read more

26 July Crypto Prices: MATIC, AVAX, SHIB, ETH Drop Up to 9%

The global crypto market capitalization dropped over 4% within 24 hours to hover lower at $966.86 billion. On the other hand, total crypto trading volume gained approximately 18% to $75.16 billion. The crypto space extended downward tendencies on Tuesday as investors await the upcoming policy meeting by the Fed Reserve. Market players have started countdowns … Read more

Polygon (MATIC): Evaluating Whether Bulls Can Trigger Another 10% Surge Following This Bullish Crossover

Polygon buyers finally accumulated enough strength to catalyze a bullish overturn on the Exponential Moving Average ribbons last week. A steady buying spree saw The alternative token float beyond the 38.2% FIB mark. Bulls overpowered the previous FIB levels following ascending triangle breakouts. Sustained bullish efforts might support bulls in triggering the 50% FIB retest … Read more

Tesla Adds $936M to Balance Sheet After Selling 75% of Bitcoin Holdings

Briefly – Tesla sold 75% of its BTC holdings. The global carmaker purchased Bitcoin worth $1.5 billion in Feb 2021. The company revealed BTC investment negatively affected its Y/Y operating income. Tesla published its second-quarter results on 20 July, and the electric car manufacturer highlighted its Bitcoin (BTC) holdings. Data shows Tesla sold 75% of … Read more

Evaluating Crypto Market’s ‘Good & Bad Signs: BTC, ETH, ETC, MATIC

July has proven a lucrative month for the crypto after 2022’s first six months dragged most digital coins to abysmal depths. July 18 saw the world’s leading crypto, Bitcoin, breaking past $22,500 before stretching higher during intraday sessions. That triggered massive leg-ups in the alt market, with Ethereum climbing beyond $1,600 to explore price levels … Read more

Crypto Market Capitalization Eyes $1T; BTC Hits Weekly High, ETC Soars 33%

The global crypto market capitalization is close to $1 trillion, as Bitcoin explores weekly highs and Ethereum Classic explodes by 33%. Bitcoin extended its upside following yesterday’s brief decline and climbed beyond $21.5K to print a weekly high. The alternative tokens joined green, with Ethereum hitting monthly highs, whereas Solana, BNB, MATIC, and Polkadot recorded … Read more

Dogecoin (DOGE) To Overcome $0.7 During the Weekend – Price Analysis

Briefly – Dogecoin price reveals bullishness today. DOGE/USD ready to extend higher. The meme coin has a support level of $0.502. Dogecoin’s price outlook paints a bullish picture today and seems ready to extend the upside. The original meme coin secured support near $0.502 following breaks out from a descending triangle setup. Moreover, the alt … Read more

Here’s Why Polkadot (DOT) Lost Its Crucial Support Level This Week

Polkadot’s DOT formed a support level around the $6.40 mark after bottoming in June. The altcoin retested this foothold several times within the past few weeks. Another retest appeared this week, but the support presented weakness signals this time. July 12 sessions saw DOT dipping towards the $6.26 lows after breaching a support line. That … Read more

Ethereum (ETH): Falling Beneath $1K Will See This Support in Play

Early June sessions saw the leading altcoin falling below the demand zone of $1,700, and Ethereum has no immediate recovery plans. ETH has held the support band of $1,000 within the previous month, whereas it failed to overcome the resistance zone at $1,300. ETH Ranges Between $1K and $1.2K Though Ethereum appeared to form a … Read more