Price Analysis

Quant (QNT) Falls Beneath $100 Following Corrections

Quant (QNT) Falls Beneath $100 Following Corrections

Briefly – Quant broke out of a descending resistance. Resistance and support stand at $150 and $45. QNT follows an ascending support Quant has printed declines since 8 August and might complete its close at $88. QNT has seen its value plummeting below a descending resistance since the September 2021 all-time high of $429.69. The downside trend triggered plummets towards June lows of $40.60. However, uptrends emerged, and the token broke out of a descending resistance on 19 June. The rebound that catalyzed an upside action also helped validate the horizontal line at $45 as support. The weekly Relative Strength…
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Solana (SOL): Investors Can Consider These Support Zones to Prevent Losses

Solana (SOL): Investors Can Consider These Support Zones to Prevent Losses

Solana's SOL is among the leading digital assets by market capitalization that witnessed massive losses this week. The escalated bearish condition pushed the alternative token out of the range that Solana navigated in nearly ten weeks. SOL has seen continued downtrends over the past six days, losing more than 25% amidst the timeframe. While publishing this post, the token changed hands at $36.25. That led to an ascending range exit. Remember, Solana has hovered within this area since mid-June. Solana's massive bearish action within the last day already pushed the token into the next foothold after leaving the ascending range.…
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Theta (THETA) Nears Yearly Lows – Losers of the Week

Theta (THETA) Nears Yearly Lows – Losers of the Week

Brief GRT and THETA follow ascending support levels. CVX broke down from an ascending channel. CRV completes A-B-C corrective setup. This analysis evaluates digital assets that saw the most decline over the previous week. Precisely, between 12 August and 19. Convex Finance – 28.57% down Oasis Network – 27.14% down The Graph – 25.67% drop Theta Network – 25.20% loss. Curve DAO Token – 25.05% Convex Finance (CVX) 13 August sessions saw CVX breaking down from an ascending channel that prevailed since 18 June. Breakdowns from these long-term patterns generally trigger substantial downside actions. CVX has its price retesting the…
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Flow (FLOW), Neo (NEO) Drop Again as Chronoly (CRNO) Extend Upside

Flow (FLOW), Neo (NEO) Drop Again as Chronoly (CRNO) Extend Upside

Neo, Flow, and Chronoly.io projects joined the cryptocurrency marketplace with new concepts. FLOW and NEO concentrate on creating a network for developers to build dApps, while CRNO wants to enhance the watch NFT market. Meanwhile, CRNO has gained 560% in three months of pre-sale as NEO and FLOW. Let us check what it takes to overcome negative sentiments (according to these projects). Will NEO Try Recovery Again? Neo is among the alts that received support from the cryptocurrency community regardless of pessimistic market sentiment. The altcoin launched upside when the overall market attempted revivals. Nevertheless, NEO couldn't sustain the upside,…
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Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution

Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution

Uniswap (UNI) nears a critical junction as the top decentralized exchange faces a gripping condition. The protocol has witnessed a barren run since overtaking Curve in most utilized DEX. For instance, Uniswap registered new lows in July, with trading volume plummeting to $37.8 billion, 2022's lowest mark. Furthermore, July's figures remain far by $24.8B from May's $62.7 billion – the yearly peak. Do Not Leave Yet Surprisingly, Uniswap has stayed busy lately after surging on the charts in market cap. UNI's growth over the week reflects such developments. Nevertheless, the altcoin endured a brief fall as other leading cryptos recorded…
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Evaluating What ETH Merge Might Mean for Ethereum Classic (ETC)

Evaluating What ETH Merge Might Mean for Ethereum Classic (ETC)

Ethereum Classic arrived in the marketplace as a hardfork outcome of the Ethereum (ETH) split in 2016, and it appears to remain in touch with the dominant alt. ETC climbed to new highs some hours after Ethereum concluded the Goerli testnet. July sessions saw Ethereum Classic hitting a 3-month peak after Ether's previous testnet before the Goerli. Indeed, the Merge looks to be a determiner in ETC's subsequent rallies. While publishing this news ETC changed hands at $43, gaining more than 10% within the past day. Meanwhile, the price levels represented the highest for the alt since March's final week.…
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1INCH: Why Near-Term Bearish Retracement Remains a Possibility

1INCH: Why Near-Term Bearish Retracement Remains a Possibility

The bearish performance in the overall crypto market during the 2022 first half had 1INCH extending its downsides from its ATH by a staggering 93%. Despite that, the platform maintained impressive development activity. That has been the narrative with most crypto projects targeting long-term growth. However, can that aid recovery in 1INCH? The alternative token shows revival signals despite the massive fall. 1INCH has (so far) gained around 67% from June's lowest price level. Furthermore, 1INCH experienced some selling strength during this publication. That came after the alt encountered resistance at the 23.6% FIB retracement area. The FIB retracement retest…
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Ethereum (ETH): Should Traders Execute Long Bets with Unsure Merge Date?

Ethereum (ETH): Should Traders Execute Long Bets with Unsure Merge Date?

Ethereum's migration into a PoS (proof-of-stake) mechanism continues to dominate debate in the blockchain industry. On August 11, the network's core developers confirmed a possible ETH Merge date. Meanwhile, the platform should complete Paris and Bellatrix upgrades before the ultimate Merge into a PoS blockchain. Meanwhile, developers confirmed completing Bellatrix on September 6, whereas Paris will arrive after the platform's hash rate hits a specific mark – a TTD (Total terminal difficulty) of 5875000000000000000000 – anticipated by September 16. This announcement triggered swift uptrends in ETH prices as the altcoin rallied above $1,900, a level it hasn't touched since May.…
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Bitcoin (BTC) Futures Market Liquidation Presents These Tips for Long-Term Holders

Bitcoin (BTC) Futures Market Liquidation Presents These Tips for Long-Term Holders

Bitcoin's latest actions have met defeat after surpassing the $24K mark. The narrative emerged when the bellwether crypto hit $24.8K on August 11, following a nearly 10% surge from August 10. Bitcoin endured a similar fate on July 30 when investors hoped $250 was inevitable after Bitcoin touched $24.5K. While publishing this content, Bitcoin traded well above $24K, changing hands at $24.6K. Meanwhile, analysts believe the same tale might showcase in the coming sessions. That means investors could have to wait before their expectations emerge. Why? Analysis by CryptoQuant stated that it might be too early for investors to cheer.…
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Tezos (XTZ): What for Investors that Bought the June Bottom?

Tezos (XTZ): What for Investors that Bought the June Bottom?

Tezos (XTZ) holders, specifically those who bought around the June market bottom, are up nearly 60%. Nevertheless, the altcoin just hit its initial massive resistance. That means a significant pullback could emerge this weekend. The altcoin has so far pushed to the $1.94 high this month. That represented a 62% surge from 2022's lowest mark. Its press time price of $1.88 appeared to highlight the massive selling momentum around that value area, catalyzing a brief retracement on the price charts. Meanwhile, the 23.6% FIB level fueled the mentioned selling momentum. What from XTZ Around the Mentioned Level? Prices often move…
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Polygon (MATIC): Closing Beyond This Mark Might Open Path to $1.18

Polygon (MATIC): Closing Beyond This Mark Might Open Path to $1.18

Polygon's latest bullish surge propelled a break past the Exponential Moving Average ribbons to confirm a massive buying comeback. While the EMAs eventually took a bullish turn, the $1 territory has plateaued a green candles' spree. Meanwhile, breaching the upward channel has suggested buying momentum cooling. A significant jump beneath the present pattern might expose Polygon to a short-term downside within the upcoming sessions. While publishing this post, MATIC traded at $0.9215. Polygon Daily Timeframe The latest ascending channel oscillation aided Polygon bulls to dominate the trends and flip the 20 Exponential Moving Average to support from resistance. Nevertheless, the…
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Chainlink (LINK): Investors Might Leverage This Setup’s Break for Profitability

Chainlink (LINK): Investors Might Leverage This Setup’s Break for Profitability

After May's inverse head & shoulder, bears have restricted buying moves around the $9.29 mark for about three months. As the price traversed beneath the 4-month trend-line support (past resistance), sellers kept securing new multi-month lows up to mid-June. However, the previous month confirmed a stable buying comeback as Chainlink kept this trend-line support to retest $9.29. The present pattern might catalyze a near-term drop before buying comebacks. While publishing this blog, LINK changed hands near $9.055. Chainlink Daily Timeframe LINK buyers have remained committed to reclaiming crucial price zones since sweeping 2-year lows on June 13. The previous month…
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Shiba Inu (SHIB): Accumulation Around This Price Area Might Be Profitable

Shiba Inu (SHIB): Accumulation Around This Price Area Might Be Profitable

Shiba Inu's price movements within the previous month comprised a massive buying spree, and higher troughs confirm the narrative. The altcoin's upside witnessed a gradual surge, but SHIB somewhat touched a plateau within $0.01239 - $0.0126 (we multiply SHIB prices by 1,000 for brevity). As the price action secured a spot beyond the 20 Exponential Moving Average and the 50EMA, bulls dominate the immediate Shiba Inu trend. Enough buying strength to keep $0.0126 away might mean a bullish volatile breakout for the token after sluggish movements. While publishing this post, SHIB changed hands at $0.0125, primed for uptrends in the…
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STEPN (GMT): Should you Invest Before The ‘Sneaker Season’ Ends?

STEPN (GMT): Should you Invest Before The ‘Sneaker Season’ Ends?

Most cryptocurrency projects have revived following the crypto winter. STEPN is among the digital assets that have presented extended upsides since the bottom of June. The move-to-earn platform has recovered following months of underwhelming actions. Furthermore, the founders have revealed development strategies for STEPN as the project tries to resurface within the crypto spectrum. Time to Wear Sneakers STEPN's sneaker non-fungible tokens are witnessing a somewhat rebirth in August. These sneakers have seen their demand increasing significantly within the previous week after slumping in July. Moreover, sales have displayed an optimistic upside in August's first week. This growth might accelerate…
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Does Bitcoin (BTC) Miner Capitulation Eventually Has an End Date?

Does Bitcoin (BTC) Miner Capitulation Eventually Has an End Date?

Bitcoin miners witnessed some respite as Glassnode confirmed miners' balance touched a 4-year high. First and foremost, BTC market recovery might have supported the same. Nevertheless, can August ensure relief considering the previous relationship between cryptocurrency and miners? Fixing the Past Miner capitulation is the primary indicator to reveal the relationship's status. Miner capitulations appear when a substantial percentage of miners shut their operations for an extended time. Blockware, a crypto mining company, revealed its recent Intelligence Newsletter on July 29, confirming the same. The hash ribbon index shows the ongoing miner capitulation event started on June 7. Meanwhile, it…
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Can Monero (XMR) Maintain Upside Amid Recovering Market Sentiment?

Can Monero (XMR) Maintain Upside Amid Recovering Market Sentiment?

Monero can be one of the lucrative cryptos for investors interested in riding recovery waves following the crypto crash of May. The alternative token recorded an impressive jump as most assets struggled to rebound. Furthermore, XMR maintains an attractive stance for this week, as some upticks allowed it to retrain the latest gains. Monero surged nearly 75% from the May 12 local low. The remarkable upside move seems to have seen hindrance at 0.236 FIB line, peaking near $208. The resistance led to a brief correction as the previous week ended. Fortunately, bulls stepped up during the past weekend, triggering…
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Cardano (ADA) Reclaims $0.513 Following Sudden Bullish Move – Price Analysis

Cardano (ADA) Reclaims $0.513 Following Sudden Bullish Move – Price Analysis

Cardano price reflects uptrends. ADA resistance sits at $0.540. Steady support stands at $0.463. Cardano's price outlook reveals an upside trajectory for the altcoin. Though ADA encountered bearish hindrances earlier, the past 24 hours saw bulls pushing to token beyond $0.484 to explore price levels above $0.513. Meanwhile, the green candle continuation reveals ADA has increased within the past 72 hours. Hourly price projections affirm similar trends as ADA/USD explored upside actions within the previous four hours. 1Day Timeframe – 11.82% Gain Pushes ADA Beyond $0.513 Cardano's 1-day chart presents encouraging news for crypto buyers, with ADA prices surging remarkably…
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Shiba Inu (SHIB): Tips for Holders to Sail Through Crypto Winter

Shiba Inu (SHIB): Tips for Holders to Sail Through Crypto Winter

For now, the crypto market struggles to overcome persistent bearishness. Though the space appears scary, faith and patience might be essential. Meanwhile, Shiba Inu holders out to go with the HOLDLing law. Also, they should trust in the prevailing market situations to maximize profits. The DOGE competitor has lost many weak hands as the redistribution event flourished. While publishing this content, about 75% of Shiba Inu holders remained in losses with cryptocurrency winter dominating. Moreover, several partnerships have failed to push the alt higher on its price chart. Shiba Inu traded near $0.00001073 at this publication, relatively flat within the…
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Ethereum (ETH) Struggles Beneath $2K amid Bearish Control – Technical Analysis

Ethereum (ETH) Struggles Beneath $2K amid Bearish Control – Technical Analysis

Ethereum finds challenges to overcoming the resistance zone at $2K. The altcoin maintains declines, though still beyond the vital support floor of $1,920. Key Points Ethereum reveals bearishness beneath the $2K hurdle. The altcoin trades beneath $2K and 100 hourly SMA. The 1hr chart shows a massive bearish line developing with resistance at $1,970. A decisive move beneath the $1,920 support can trigger sharp declines. Ethereum Settles Beneath $2,000 Ethereum recorded upswings beyond the $1950 hurdle and 100 hourly SMA. Nevertheless, bears halted the uptrends at the coveted $2K mark. The alternative token launched downtrends from the swing high of…
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Tezos (XTZ) Might Challenge $2.5 Daily Resistance – Price Analysis

Tezos (XTZ) Might Challenge $2.5 Daily Resistance – Price Analysis

Tezos price trends reveal bullish trends. XTZ has resistance at $2.5. The support level stands at $1.81. Tezos price reveals bullishness as the alternative token climes towards $2.09 following a slight consolidation around the $1.80 value area. Bulls stepped up to catalyze upside actions after XTZ broke past an ascending triangle setup. Meanwhile, Tezos dipped into a consolidation period after rising towards $2.49, trading within an ascending triangle setup as bears and bulls battled for market dominance. Bulls saw victory as they drove XTZ to $2.09, eyeing the target at $2.49. Breaking beyond this area would see Tezos exploring $3…
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