Chainlink has continued seeing incredibly strong price action despite some tempered signs of weakness within the aggregated crypto market. The strong token is now breaching into the double-digit price region for the first time in its history, with this marking a massive rise from its multi-week lows of $7.40 that were set in late-August. Analysts…
XRP is currently hovering around the key $0.30 region as its buyers attempt to stop it from breaking below this crucial support level. This slight decline comes as the aggregated crypto market begins facing heightened selling pressure, although it has not been enough to invalidate the market’s macro strength. Analysts are now noting that XRP…
Bitcoin is currently in the throes of a boring consolidation phase within the upper-$11,000 region. This comes as the cryptocurrency struggles to surmount the resistance that sits at $12,000. It is important to note that the growth its price has seen in recent times appears to be far more organic than those seen in previous…
Litecoin (LTC) has surged 42 percent in a three-week winning streak. But the rally showed signs of exhaustion upon testing a “huge falling resistance” for a breakout. LTC printed a so-called “bearish engulfing candle,” which, according to financial analyst Vince Prince, spells downside risks for the cryptocurrency. Litecoin is at risk of breaking lower after…
LEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0.485. Jeff Dorman, the chief investment officer at Arca, credited the LEND economic model behind its 2,000 percent rally this year. The price of LEND jumped another 20 percent in…
Bitcoin is currently growing incredibly strong from a technical and fundamental perspective. One indicator of the digital asset’s fundamental strength is the massive exchange outflows seen throughout the past several weeks. The trend has been picking up steam as of late, and just a couple of days ago, the balance of BTC within exchange wallets…
DeFi token KAVA has caught investors’ attention following its 170 percent rally in the third quarter. Luke Martin, a cryptocurrency analyst, listed two reasons why KAVA/USD should continue its bullish momentum in the coming sessions. One of them is its potential listing on US-based crypto trading platform Coinbase Pro. KAVA is trading 170 percent higher…
The amount of Bitcoin tokens held across all cryptocurrency exchanges dropped dramatically earlier this week. Traders withdrew over 110,000 BTC on August 3 – a day after the BTC/USD rate plunged from $12,000 to as low as $10,500. On-chain analyst Cole Garner theorized the outflow as a sign of whales buying the Sunday sell-off. A…
BAND, the native token of a decentralized oracle of the same name, surged by up to 100 percent this week. The rally appeared in the days leading up to BAND’s listing on Coinbase Pro, a US-based crypto trading platform. Nevertheless, the DeFi token now stands overbought according to its technical positioning. It ensures an imminent…
The cryptocurrency market is on fire again, after spending several years locked in a cold and painful crypto winter. Bears came out of hibernation and swatted down valuations, and with it, interest plummeted. But with a new dawn here, search interest in the asset class is suddenly springing up once again according to Google Trends…