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…
BNB, the native token of Binance crypto exchange, extended its rally on Wednesday to hit its five-month high. The latest upside move came after Binance Launchpad announced its support for a $3 million IEO by the Sandbox Game. It flipped BNB above a crucial resistance level, with an analyst predicting a bullish continuation towards an…
XTZ, the native token of Tezos – a multi-purpose blockchain, is looking to establish its quarter-to-date high, according to multiple analysts. Michaël van de Poppe, Jonathan Habicht, Karoush AK, amongst others see XTZ logging a bull run in the coming sessions. The analogy appears after XTZ/USD held strong support near $2.73 on multiple occasions. A…
Bitcoin price hit a year-to-date high at $12,134, notching a new milestone in a bull run that started in March 2020. The benchmark cryptocurrency, nevertheless, underwent a “flash crash” minutes after topping out. Its price fell towards $10,500, a support level that earlier served as resistance during the Bitcoin’s uptrend. Analysts at TradingShot.com now expects…
Binance’s native token BNB surged by more than 20 percent after its CEO Changpeng Zhao announced his plans to launch an in-house decentralized finance product. The BNB/USD exchange rate on Sunday established its quarter-to-date high at $22.94. It is now looking to extend its upside momentum towards $27, according to many crypto-analysts. BNB, the native…
Bitcoin began trading cautiously on Monday as US lawmakers struggled to finalize a stimulus plan following its expiry on July 31. The critical point of difference between Democrats and Republicans continues to be the proposed $1,200 assistance for the unemployed. A final stimulus announcement could put more downside pressure on the US dollar, which, in…
Bitcoin is eyeing a breakout towards $12,000, according to crypto-chart analyst Josh Rager. The analogy appears out of Ethereum’s latest upside move from a consolidation range. Mr. Rager sees Bitcoin repeating the same bullish action as it trades inside a similar sideways pattern. Bitcoin is at the cusp of hitting $12,000 in the coming sessions,…
IOTA, a transaction settlement token for the Internet of Things (IoT), has surged by more than 400 percent from its March 2020 nadir. Its price rally this week led to the formation of its first Golden Cross on a weekly chart. Technically, the moving average crossover indicates a bullish continuation in the coming sessions. IOTA…