Cryptocurrency

What Next for Cronos (CRO) Price – May 18 Analysis
18 May

What Next for Cronos (CRO) Price – May 18 Analysis

Edward RichardsonCrypto News, Cryptocurrency, Price Analysis
Crypto exchanges have witnessed lots of dramatic developments recently. That isn't a surprise after the latest Terra disaster, which sent a shock through DEX and centralized exchanges. As a result, exchange tokens witnessed massive actions within the last two weeks. CRO, the 8th largest crypto by market value, traded near $0.1995 at this publication. The alternative token gained 4.43% within the previous day, though 14.81% down over the past seven days. Though that remains impressive, there's a lot behind the scene. Impending Surges for CRO? First and foremost, CRO has seen its velocity dramatically surging. That shows investors sending their…
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Tron (TRX): Losing $0.075 Support Suggests 18% Drop
15 May

Tron (TRX): Losing $0.075 Support Suggests 18% Drop

Edward RichardsonCrypto News, Cryptocurrency, Price Analysis, Tron (TRX)
Tron (TRX) buyers could not dodge range-bound rallies, indicating a potential downward move towards $0.057. Losing grounds at $0.075 provides interested investors with a short opportunity for an 18% target. Will the concentrated Exponential Moving Averages stall the coming TRX freefall? TRX price has declined by 16% since the previous week. The altcoin's price chart reveals a possible bearish cross of 20-day EMA and 200-day Exponential Moving Average, TRON's 24hr trading volume sat at $1.77 billion, reflecting a 21.5% slump. Tron has seen its price resonating within a horizontal channel since 2022 began. The consolidation phase had the crypto relying…
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Binance Coin (BNB): Why Another 20% Decline Isn’t a Surprise
12 May

Binance Coin (BNB): Why Another 20% Decline Isn’t a Surprise

Edward RichardsonAltcoins, Crypto News, Cryptocurrency, Price Analysis
Binance Coin left uncollected downside liquidity, suggesting further decline for the token. Violating the demand region at $253 - $308 will see bears sweeping $222 for liquidity. Recoveries beyond the $336 range low will cancel BNB's bearish thesis. Binance Coin sees its price rebounding from a steady demand region that paused its bleed. Nevertheless, untapped downside liquidity might attract bears to ruin the support floor. For now, BNB seems primed for further declines. Binance Coin Indecisive The past five days saw Binance Coin losing approximately 31% of its value to explore the $276 mark. The downside spiral paused as the…
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Should You Continue Shorting IOTA in The Upcoming Days?
11 May

Should You Continue Shorting IOTA in The Upcoming Days?

Edward RichardsonAltcoins, Bitcoin, Crypto News, Cryptocurrency, Price Analysis
The past couple of months had IOTA's action backing a bearish thesis. An extended downside wave since September 2021 peaks showed a bull cycle end. Meanwhile, the current dominant bears saw the alternative coin plummeting towards a multi-month baseline near $0.389. Considering the liquidity range, IOTA needed to overcome the 23.6% obstacle to reignite any massive bull run chances. While publishing this content, IOTA traded near $0.4372, surging 1.81% within the past day. IOTA Daily Timeframe IOTA witnessed a significant breakdown from its long-term downward channel's upper trend-line. After barely hovering beyond the 20 Exponential Moving Average and 50 Exponential…
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Tron, Decentraland, ApeCoin Price Analysis – May 10, 2022
10 May

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

Edward RichardsonAltcoins, Bitcoin, Crypto News, Cryptocurrency, Metaverse, Price Analysis, Stocks
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
09 May

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

Edward RichardsonBitcoin, Crypto News, Cryptocurrency, Ethereum (ETH), Price Analysis, Shiba Inu (SHIB)
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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Ethereum (ETH): What Derivatives Data Presents Amid Dreary Price Action
08 May

Ethereum (ETH): What Derivatives Data Presents Amid Dreary Price Action

Edward RichardsonCrypto News, Cryptocurrency, Ethereum (ETH), Price Analysis
Ethereum's upward actions fizzled as the leading altcoin failed to recover losses incurred during 2022 Q1. The crypto retained an impressive attitude toward April end as it hovered around the $3K mark. However, massive bearishness within the marketplace saw the crypto surrendering critical support that might have helped ETH rebound towards $3,200. This spot is a 23.6% FIB retracement area, matching $2,815, which Ethereum tested two days ago but could not close beyond the zone. The 8.4% crash that followed dragged the token towards value levels of $2,686 at this publication. Now, the vital question remains, Can ETH Explore the…
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Cosmos (ATOM) Appear to Rally; What to Consider Before Buying In
04 May

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

Edward RichardsonAltcoins, Bitcoin, Crypto News, Cryptocurrency, Price Analysis
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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