Price Analysis

Should You Continue Shorting IOTA in The Upcoming Days?

Should You Continue Shorting IOTA in The Upcoming Days?

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

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

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

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

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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Polkadot (DOT) Delivers Upside Following Bearish Run – Here’s What to Consider

Polkadot (DOT) Delivers Upside Following Bearish Run – Here’s What to Consider

Polkadot registered an impressive 6% surge on May 1 after ending April's bearishness that had the token extending downside. The leg-up may show the alt plans substantial upside rallies. Nevertheless, the current price performance shows current uncertainty holding the alt back. For now, DOT trades around the $15.23 mark, dropping 36% from the April peaks, transacting to an attractive discount. Such narrative poises the alt for attractive uptrends and analyzing the market shows significant accumulations after the token plummeted towards April's lowest level at $14.18. FIB retracement zones show price levels to consider during Polkadot's upside rebound. They comprise $16.57…
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Ripple (XRP): Why This Area May Trigger Positive Price Action

Ripple (XRP): Why This Area May Trigger Positive Price Action

Ripple saw a bearish wave after its Point of Control (POC) canceled bullish resurgence hopes from $0.77. The rejection witnessed multiple red candlesticks within the past ten days. Meanwhile, the latest bearish engulfing candles have formed a challenging hurdle at the $0.65 - $0.7 value area. Reversals from the prevailing selling spree might trigger a possible plunging wedge breakout that might encounter resistance within this range. While writing these lines, the remittance token traded at $0.5917, dropping 4.57% within the last 24hrs. Ripple Daily Timeframe The crash that originated from the ceiling at $0.86 saw Ripple losing 39.14% within the…
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Can Okay Bears Overthrow BAYC in Emerging NFTs Battle?

Can Okay Bears Overthrow BAYC in Emerging NFTs Battle?

Ethereum-based non-fungible tokens have always dominated the NFT marketplace. Nevertheless, the previous days appeared to have dethroned the Ether-based NFTs. Surprisingly, Solana has facilitated that. Okay Bear, Solana-based NFT, sold out in its initial 24hrs of going live. While publishing this content, the NFT saw 147,161 trading volume, reflecting a 19.48% increase within the previous 24 hours. Okay Bears saw 510.1K in trading volume with 115 SOL floor price within three days after the NFT listed on OpenSea. While writing these lines, the NFT boasted 1,356 sales, as the day's trading volume stood at 6,259.09 Solana. This context would likely…
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