Chainlink’s bullish momentum hit a brick wall at $20 per LINK token, causing the previously unstoppable asset tumbling by as much as 25% in two days. After over 5,000% returns over the last two years, profit-taking may have only just begun. Now that Chainlink has started to fall, how deep can the correction go? 25%…
Bitcoin’s strong price action has shown some signs of faltering as the cryptocurrency’s price declines down towards $12,000 following yesterday’s sharp upswing. This level – which was previously heavy resistance – may soon be confirmed as support as the cryptocurrency’s price begins drifting lower. Analysts are now widely noting that BTC is well-positioned to see…
yEarn Finance, previously known as iEarn Finance, has stolen the spotlight of the cryptocurrency market. Following the launch of its governance token, YFI, in late July, this altcoin has done nothing but shot up. Although it debuted in the market trading at a low of $31.65, the price of this cryptocurrency has appreciated over 34,363.7%…
Litecoin started a steady increase above the $50.00 and $60.00 resistance levels against the US Dollar. The price traded as high as $68.92 and it is currently correcting gains. There is a crucial bullish trend line forming with support near $65.20 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). A clear…
Tezos has seen some strong price action in recent weeks, with the cryptocurrency pushing as high as $4.40 earlier today before hitting some heavy resistance that slowed its ascent. Despite this strength, the crypto may be in a precarious position due to its inability to take out its weekly pivot against its Bitcoin trading pair.…
XRP is currently pushing higher alongside Bitcoin and the rest of the cryptocurrency market. The digital asset has been struggling to break above the resistance that exists between $0.30 and $0.33, but it now appears that bulls are vying to push it past this key region. Where it trends next may largely depend on whether…
Bitcoin is currently catching some upwards momentum that has sent it past its key resistance level at $12,000. Although the crypto has yet to post a significant break above this level, bulls do appear to be building strength following the strong weekly close that BTC posted yesterday evening. Analysts are now offering mixed outlooks on…
Compound’s price has been caught within an intense consolidation phase throughout the past week, with COMP oscillating primarily between $190 and $220. The cryptocurrency has been struggling to garner any clear momentum, with the crypto’s intense upswing seen earlier this month starting to show some signs of faltering. Despite this, analysts remain confident that COMP…
Bitcoin and the entire cryptocurrency market have been seeing some rather mixed price action in recent weeks. Although the benchmark digital asset currently remains caught within a prolonged consolidation phase within the upper-$11,000 region, it has been facing multiple rejections at $12,000 that have hampered its near-term outlook. The latest rejection at this level took…
EOS price started a strong increase after it broke the $3.300 resistance zone against the US Dollar. A new monthly high is formed near $3.871 and it seems like there are chances of more upsides. EOS formed a strong support base above $3.000 and rallied over 10% in the past few hours. The price settled…