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” Descending channel pattern and weak futures data continue to constrain Ethereum price “ Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870…
” Here’s why blue-chip NFT prices continue to soar nearly a week after the Otherside mint “ In May 2021, OpenSea closed out nearly $140 million in total volume. Fast forward a year and the most dominant nonfungible token (NFT) marketplace closed over $880 million in less than a week partially because of the Yuga…
” Avalanche rebounds 25% in five days as AVAX price tests key level — big rally ahead? “ Avalanche (AVAX) has rebounded strongly five days after testing a key inflection area as its support. Now, the AVAX/USD pair faces the possibility of continuing its upside retracement move further into Q2. A 30%-plus move ahead? AVAX’s…
” DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hacking problem “ Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector. DOT price gains 12% on XCM launch Bulls pushed DOT’s…
” 3 key metrics signal Terra (LUNA) price is preparing for a recovery “ Terra (LUNA) price lost 31% over the past four weeks, erasing all of the gains accrued year-to-date and even though the token continues to outperform the broader cryptocurrency market by 20%, Terra is struggling to hold above the $85 support. Previously,…
” Bitcoin pushes to $40K, but are bulls strong enough to win Friday’s $735M options expiry? “ Bitcoin (BTC) price has been stuck in a falling wedge pattern for the past two months and during this time it has tested the $37,600 support on multiple instances. Adding to this “bearish” price action, BTC is down…
” Ethereum eyes mini breakout above $3K as Coinbase ETH outflows hit new record “ Ethereum’s native token Ether (ETH) is poised for a mini bull run above $3,000 primarily due to a classic bullish reversal pattern on its shorter-timeframe chart, and a huge spike in ETH outflows from Coinbase. ETH price forming falling wedge…
” WSJ says ‘the NFT market is collapsing’ but the data says otherwise “ An article in the Wall Street Journal has claimed sales of non-fungible tokens (NFTs) are “flatlining” — in the same week that the top five collections alone accounted for more than $1 billion in primary and secondary sales. The article cited…
” 3 reasons why Bitcoin price is clinging to $38,000 “ Bitcoin (BTC) has been unable to break from the 26-day-long descending channel. Investors are uncomfortable holding volatile assets after the United States Federal Reserve pledged to reduce its $9 trillion balance sheet. While inflation has been surging worldwide, the first signs of an economic…
” ALGO price in danger of 25% correction despite Algorand–FIFA partnership hype “ Algorand (ALGO) prices rallied higher on May 3 after becoming FIFA’s official blockchain solution provider. Nonetheless, the ALGO/USD pair continues to face selloff risks. High-profile partnership ALGO’s price jumped 20% to $0.74, its highest level since April 22. Its move upside came…