Demand for Chainlink skyrocketed following the weekly candlestick open. As buy orders began to pile up, the decentralized oracles token saw its price rise by 38.5%. LINK surged from $4.75 to reach a new all-time high of $6.60.Despite the substantial upswing, investors seem to have taken advantage of the price action to take profits. Data…
Bitcoin price is once again flirting with resistance above $10,000 but has yet to penetrate and hold above the key level. This latest visit has resulted in a lower high.Unless the cryptocurrency can get through and set a new local peak, the asset is at risk of setting a new lower low. It could also…
It isn’t only Cardano and DeFi tokens that have performed extremely well over recent days.Stellar Lumens (XLM) is up over 50% in the past four days, having rallied from around $0.06 on the weekend to $0.09 as of the time of this article’s writing. At the local highs, the popular altcoin traded just a few…
Chainlink’s LINK token is amid a “full-blown parabolic advance,” according to forex analyst Cole Garner.The on-chain data investigator mentioned a string of technical and fundamental indicators that hint further gains for the altcoin.The analogy appeared as LINK climbed to its lifetime high against Bitcoin on Wednesday.LINK, an altcoin powering the Chainlink’s decentralized oracle network, is…
Bitcoin has continued to push higher after a weekend dip. As of this article’s writing, the leading cryptocurrency trades for $9,450, a few basis points below the local high of $9,480.The cryptocurrency is still waiting to surmount the crucial $9,500 level. Yet, analysts say that there’s a rapidly forming Bitcoin bull case.Related Reading: Economist Steve…
One of the so-called “Ethereum killers,” Cardano has made it to the headlines of the cryptocurrency market after the 80% bull run it has seen over the past week. The increasing buying pressure behind it seems to be fueled by the progress the IOHK team has made to finally roll-out the Shelley upgrade.Chart of ADA…
Bitcoin has stagnated around $9,300 but this hasn’t stopped Cardano (ADA) from surging higher. The altcoin is up over 30% in the past 24 hours, surging higher on an influx of buying volume across all major exchanges.With the latest move higher, Bitcoin Satoshi’s Vision (BSV) has been unseated as the sixth-largest cryptocurrency.Data from Messari’s OnchainFX…
Switching Bitcoin price charts from one type to another gives a clear as day look at what appears to be a full-blown breakout into a bull market.Better yet, the price action also shows a retest of downtrend resistance turned support, which could act as a launchpad for the cryptocurrency.Understanding Technical Analysis, Trend Lines, Subjectivity, and…
Although Bitcoin still can’t break above $10,000, nor can Ethereum overtake $250, Chainlink continues to set new record high after high. Even today, the crypto asset keeps raising the stakes on its all-time high.But as new highs are set, the price action has not only triggered but perfected a sell setup on monthly timeframes. Could…
Even after a healthy rally from $9,000 to a local high of $9,400, Bitcoin remains in no man’s land.The cryptocurrency is caught below $9,500 and caught above $8,500, both important levels on a medium-term time frame. Bitcoin may seem directionless as a result, as it is still anyone’s guess as to which way this range…