Litecoin attempted to rise on its chart, however, the bears were still strong on the chart. Although the coin showed some recovery, technical outlook pointed towards further decline. Bitcoin too has lost steam as the coin plunged below the $20,000 mark. Broader market weakness can be attributed to Litecoin’s downward price movement. Closest support line…
Solana was on a downtrend as the bulls have lost steam after SOL fell below the support line of $38. Over the last 24 hours the coin depreciated 4% and in the last week, the coin fell by 8%. Price of Solana was pushed to $33, however, at press time the coin was trading slightly…
XRP has retraced on its chart over the last few days although the coin had attempted to head upwards, the bulls tired out. XRP at the moment has secured $0.30 as a strong support level. Price of the asset has to rise above its immediate resistance over the upcoming trading sessions in order for the…
Ethereum over the past few weeks has registered multiple rejections at $1,280. It continues to aim toppling above the aforementioned price level. ETH has been trading in a downward channel since July 8. Over the last 24 hours, Ethereum lost 3.3% which to an extent has reversed its weekly gain considerably. Technical outlook remains bearish…
The crypto community got a major surprise two years ago when a leading provider of crypto solutions for businesses was slapped with a lawsuit by the U.S. Securities and Exchange Commission. Ripple was taken to court by the SEC, which sparked what has become the most closely watched legal showdown in the cryptocurrency industry. The…
On Saturday, the price of Quant (QNT) extricated from the seven-month-old falling wedge formation. With the continuing retest phase on Monday, buyers will verify the legitimacy of the breakout. QNT is the native cryptocurrency of the Quant Network, a blockchain platform that facilitates the interoperability of blockchains. Monday’s trade price for QNT is $75.71, a decrease…
Dogecoin (DOGE) could not muster enough strength on Saturday as the collapse of Elon Musk’s Twitter acquisition crushed hopes for the mainstream acceptance of the coin. After the disclosure, the price of the largest memecoin in the world decreased by more than 4 percent. In recent weeks, the token looks to be reacting less strongly…
Dogecoin has been flashing bullish signs on its short term chart. The coin is currently trading laterally. Over the past week, DOGE registered 7% appreciation. The meme-coin has stabilised on the $0.06 support line. The key support level for the coin stood at $0.064. For DOGE to continue on a bullish path, demand for the…
Bitcoin has witnessed a massive plunge from the $30,000 level to $20,000 in the month of June. Price of Bitcoin has been witnessing movement within a range of $20,000 and $21,000 respectively. The short term technical outlook of the coin has been pointing towards bullishness. It is however too soon to term the upward price direction…
Over the past 24-four hours, Solana (SOL) maintained a strong position above the $35.00 support level and displayed a reversal pattern indicating a rebound. As of this writing, SOL is trading at $36.86, up 13% in the last seven days, data from Coingecko show. SOL currently has a trading volume of $1,177,991,581, down 24% in…