Bitcoin

Tron, Decentraland, ApeCoin Price Analysis – May 10, 2022

Tron, Decentraland, ApeCoin Price Analysis – May 10, 2022

The cryptocurrency market saw a massive sell-off within the past couple of days as Bitcoin as stock indices recorded heavy losses. TRON was among the few tokens that recorded upswings over the previous week, but it declined below critical support. Decentraland and ApeCoin might present shorting or selling opportunities in the coming hours. Tron (TRX) According to the 1hr chart, Tron maintained upside actions over the previous day but could not rise beyond the resistance level at $0.089. While writing this content, the past 72 hours also witnessed the A/D indicator starting to decline even with bulls attempting to catalyze…
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Shiba Inu (SHIB) Hits 7-Month Lows as Bears Dominate Markets

Shiba Inu (SHIB) Hits 7-Month Lows as Bears Dominate Markets

The ongoing bearish sentiment in the crypto world sees the renowned dog token Shiba Inu crashing towards its 7-month lows on Monday. The previous 24 hours saw Shiba Inu losing 8.9% towards the $0.00001723 (Coinmarketcap data). The canine-themed crypto maintained downtrends over the past week, losing nearly 19% within seven days. That had SHIB exploring value areas last witnessed in October 2021. For now, Shiba Inu ranks 15th in the cryptocurrency list by value, its market capitalization standing briefly beyond $9.5 billion. The latest slump in the Dogecoin competitor emerged despite the recent efforts by the community to keep the…
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Cosmos (ATOM) Appear to Rally; What to Consider Before Buying In

Cosmos (ATOM) Appear to Rally; What to Consider Before Buying In

Though cryptocurrency investors might concentrate on the top 10 tokens by market cap, drastic changes unfolding in somewhat smaller but significant projects are could impressive to ignore. Cosmos (ATOM), ranking 25th by market capitalization (during this publication), is among the small projects worth your consideration. While writing this content, ATOM changed hands near $18.57, following a 5.57% increase within the previous day. Nevertheless, the alternative token stayed 14.63% down over the past seven days. For now, the alt appears on a recovery road. Detailed ATOM Outlook Though Cosmos volumes remained far lower from upticks registered even after January 2022 and…
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Litecoin (LTC): Can ‘Dip-Buying’ Call Attract Investors’ Attention

Litecoin (LTC): Can ‘Dip-Buying’ Call Attract Investors’ Attention

As things stand, crypto enthusiasts nowadays are only interested in opportunities to join the bandwagon. That has had the 'buying the dip' narrative trending each time BTC plunged within the past two months. The same case appears to develop this time, with Bitcoin and other alt tripping the market capitalization, triggering a 5.66% slump that erased about $103 billion from the cryptocurrency marketplace. Buying LTC Dip? Surprisingly, most demand comes from Twitter, which has had its share of turmoil since Elon Musk purchased the social media site for $44 billion. Nevertheless, can this demand support Litecoin to record some upside…
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Dogecoin, Chainlink, Litecoin Price Analysis – April 27, 2022

Dogecoin, Chainlink, Litecoin Price Analysis – April 27, 2022

The past few days saw BTC snapping to $40.6K from $38.2K before plunging towards the $38K mark again. Such volatility had the alt market weaving on the charts. For instance, Dogecoin experienced a sharp uptick following several days of range accumulations. Chainlink and Litecoin extended their downside trends. Dogecoin (DOGE) Dogecoin pumped towards $0.171 from $0.122, and analysts used the move print Fibonacci retracement areas. Meanwhile, DOGE slipped below the supply zone at $0.14 over the past day. That came as the broad market displayed a bloodbath. Nevertheless, DOGE secures some support around the $0.134 barrier. Momentum indicators displayed bearishness,…
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Bitcoin (BTC) Overpowers Obstacles; Why It Might Regain Strength

Bitcoin (BTC) Overpowers Obstacles; Why It Might Regain Strength

Bitcoin stretched its downward move but steadied beyond the barrier of $38K. For now, the bellwether crypto traded beyond $40K and 100-hr SMA. Kraken data shows a break past a crucial trend-line with $39,550 resistance on BTC/USD 1hr chart. Bitcoin targets further highs past the resistance at $40.5K and $40,950. Bitcoin experienced extended drops and touched the $38.2K mark. However, the crypto kick-started a colossal recovery wave, surging past the resistance at $40K. Bitcoin Sees a Swift Recovery Bitcoin stayed inside a bearish territory following the decline under $39.2K support. The leading cryptocurrency extended the plunge beneath the $38.5K mark,…
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Here’s Why ApeCoin (APE) Can Surge 20% Soon

Here’s Why ApeCoin (APE) Can Surge 20% Soon

ApeCoin (APE) presents an interesting technical picture as crypto nears a critical obstacle. A swift move past this barrier may trigger uptrends for the alt, an upside that will likely print a base before rallying towards ATHs. APE Price Prepared for Recovery? ApeCoin's price saw massive drops since the alt touched the $17.46 record high on March 18. Though the first hype dwindled, the token cauterized near $10.60. APE surged towards the $15 level (after creating a swing low), printing a local high on March 28. However, the barriers between $10.68 and $15 have held the ApeCoin price hostage since…
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Bitcoin (BTC) Recovers Latest Losses; Why $41.5K Could Stop Upsurges

Bitcoin (BTC) Recovers Latest Losses; Why $41.5K Could Stop Upsurges

Bitcoin stretched downsides beneath $39,250 and $39K before securing support. For now, BTC trades beyond $40K and 100-hour Simple Moving Average. Bitcoin's 1hr chart shows a break past a crucial bearish trend line with the resistance of $40,220. The crypto should overpower the resistance of $41.5K for extended upside actions. BTC extended its leg-down beneath the $39,000 mark. The leading crypto secured a foothold around the $38,550 zone and launched a massive recovery wave. BTC Price Still Encounters Obstacles Bitcoin dropped under the $40K mark after following a bearish road. The dominant crypto even plunged to new weekly lows as…
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