consolidation

Chainlink Price Up 3.54% To $19.319 – How To Buy LINK

Chainlink is one of the top crypto projects in the industry. The blockchain platform enables the use of real-world data from off-chain sources. This way, a crypto protocol can gather information from data pools, application program interfaces (APIs), and several other sources aside from its on-chain data. This unique attribute has made Chainlink the go-to source for all blockchain platforms. Its LINK token has had a stellar year after increasing more than 300% from its entry price of $11.87 on Jan. 1 to $52.70 on May 10. This has been

Ethereum Price Analysis: ETH reached $2,200 overnight, bears ready to take over?

TL;DR Breakdown ETH continued to rally yesterday.Resistance found around $2,200.Market set to reverse today. Ethereum price analysis indicates bearish momentum to follow later today as the market has reached a $2,200 resistance level and rejected further upside overnight. Therefore, we expect ETH/USD to decline over the next few days and try to retest previous lows. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market trades with mixed results over the last 24 hours after a strong rally was seen yesterday. Bitcoin is up by 1.22 percent, while Ethereum has declined by

Cardano Price Analysis: ADA continues to trade above $1.20 resistance, targets $1.30 next?

TL;DR Breakdown ADA moved sideways overnight.$1.20 support still holds.ADA/USD targets $1.30 next. Cardano price analysis is bullish for the next 24 hours as the market price continues moving towards further highs after consolidation above the $1.20 mark overnight. Therefore, we can expect ADA/USD to target the $1.30 next resistance early next week. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market trades with mixed results over the last 24 hours. Bitcoin is up by 1,81 percent, while Ethereum by around 1.53 percent. Internet Computer(ICP) is among the best performers with a

High Volatility for Cardano, 60% Price Move Coming

Altcoin News Two critical price points will determine Cardano’s price movement. To be optimistic, rising above the $1.30 resistance level can take ADA to $2.00. However, if the $1.00 support fails, investors may have to prepare for a 60% crash. In a twisted turn of events, Cardano’s dormant stance could be heavily challenged by it coming closer to the peak of a consolidation pattern. This means that the chances for a groundbreaking price move are high. By this, we just mean that Cardano’s fate, and by extension the fate of

Bitcoin’s future price action would depend on these key aspects

A massive drop, fear and anxiety at their peak, and a superstar entry back with a bang, pretty much sums up Bitcoin’s price action over the past week. The king coin’s downward trajectory led to a market-wide fall and a major bearish market. However, nothing is permanent in this crypto-verse where volatility is the name of the game. Bitcoin’s foray below the $30k zone didn’t last long either, and the asset soon made a strong comeback with gains of 6.25% in 24 hours, at the time of writing. A closer look

COTI Struggles to Sustain Highs After Move Above Resistance

COTI (COTI) has been increasing alongside an ascending support line since it reached a bottom on Nov. 3. Nevertheless, COTI is expected to break down from this line and drop towards the support levels outlined below.   COTI Increases Alongside Support The COTI price has been moving upwards since Nov. 3, when it reached a low of $0.025. Since then, COTI has been following an ascending support line, validating it numerous times in the process. While COTI broke out above the $0.04 resistance area and validated it as support afterward,

Analysts Are Watching This Level After Bitcoin Price Plunged Under $12,000

Bitcoin seriously broke higher on Monday, breaking above $12,400 for the first time since 2019. The asset has since suffered a strong correction to $11,900, where it trades as of this article’s writing. BTC’s drop comes after the value of gold and the S&P 500 plunged after a strong start to the Tuesday trading session. Bitcoin remains above a pivotal support level, though, that analysts say the asset must hold to remain in a bullish state. BTC is now trading below the pivotal $12,000 level. That level held as resistance

Will Ethereum’s Strong Weekly Close Be Enough to Propel It Higher?

Ethereum has been hovering between $420 and $430 for the past few days, with the resistance found around $450 sparking a prolonged consolidation phase The cryptocurrency has been unable to extend its recent upwards momentum after facing a rejection at this level This has pointed to some underlying short-term weakness, although its long-term outlook remains incredibly bright Analysts are now noting that the token may be well-positioned to see significantly further upside after it sees a low-time-frame dip This potential strength comes after it closed its daily and weekly candle

A Massive Bitcoin Price Move Is Likely Imminent… Again: Here’s Why

Bitcoin has consolidated between $11,000-12,000 over recent weeks. While the consolidation has only lasted for just over two weeks, prices are tightening again. By indicators like the width of the Bollinger Bands, volatility is reaching notable lows yet again. This signals to analysts that a massive Bitcoin price move is likely imminent. Fortunately for bulls, there are many analysts expecting upside due to both technical and fundamental trends. How high Bitcoin rallies in this potential breakout, though, is not yet clear. Bitcoin Could Soon See a Massive Move: Volatility Indicators

Here’s How High One Trader Expects Bitcoin to Climb Before Forming a Top

Bitcoin faced yet another $12,000 rejection yesterday that caused the cryptocurrency’s price to reel down towards $11,700 This level appears to have been established as support, as buyers ardently defended against any break below it It now appears that the crypto’s short-term technical outlook remains unchanged, as BTC is still consolidating within the upper-$11,000 region As for where it may go next, one analyst explained that he is looking towards $13,000 as a near-term target He does note that the visit to this level may mark a mid-term top for

Bitcoin Could See a Major Breakout in The Coming Days; Here’s Why

Bitcoin has been stuck in a tight trading range throughout the past several days This has offered little insight into the cryptocurrency’s short-term trend, as both its buyers and sellers remain at an impasse As for where it may trend next, analysts now seem to believe that it is coiling up for a major breakout This could lead it well past $12,000 in the coming few weeks There are a few factors that suggest this type of movement is imminent, including Barstool Sports founder Dave Portnoy’s foray into BTC Bitcoin

Ethereum Price Hits 2-Year High as ETH Futures Open Interest Tops $1.5B

Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at a new record high of $1.5 billion.ETH-USD 4-hour chart. Source: TradingView.comThe record high open interest on ETH futures hints that traders remain bullish and further gains could be seen over the coming days.In recent months, Ethereum has seen strong momentum due to the explosive growth of the Decentralized Finance sector. The demand for Ether led to a sharp