Price Analysis

XRP, Litecoin, EOS Price Analysis: 19 November

Market dominators Bitcoin and Ethereum noted double-digit weekly losses, at press time. Consequently, altcoins like XRP, Litecoin, and EOS corresponded by registering over 24% retracements in nine days. All these coins struck their weekly or monthly milestones on 10 November. After which all of them were in the correction phase and now showed signs of a possible recovery.  XRP Source: TradingView, XRP/USDT Since mid-October, XRP has followed a dynamic trajectory. After moving sideways for nearly two weeks, it oscillated within the ascending parallel channel (white). During this phase, XRP rallied

Avalanche’s AVAX Token Surges to All-Time High

Avalanche has grown steadily this year and competes with Ethereum by developing its DeFi ecosystem. It is the fastest-growing smart contracts platform in the blockchain industry. It can be used to solve various problems in enterprises, institutions, and governments, including debt financing and asset insurance.  Avalanche was launched by Ava labs, which was founded by Emin Gun Sirer, a Cornel University Professor. It has integrated various Defi projects like Reef, bZx, SushiSwap, and Securitise. It is also collaborating with the Ethereum network, which will allow transfers of assets between two

Ethereum, Shiba Inu, VeChain Price Analysis: 18 November

After a bullish rally in October and early November, last week saw a significant correction for most cryptos. Ethereum and Vechain registered double-digit losses over the past week. On the other hand, Shiba Inu has been on a steady downtrend for the past three weeks. Accordingly, near-term technicals for all the aforestated cryptos undeniably reflect a bearish bias. Ethereum (ETH) Source: TradingView, ETH/USDT Ether heightened in a slope between two parallel channels over the past seven weeks. The largest altcoin performed well after registering a 61% ROI from 22 September

Shiba Inu Price Shows Strong Support, AMC Announces Plans to Accept $SHIB

After the bear trap last week, Shiba Inu’s price continued to decline throughout the day. However, the market showed strong support at the $0.000053 level and is currently trading at $0.000056. Let’s take a look at any relevant Shiba Inu news and see what this week has in store for us. Shiba Inu News In a press release published earlier today, Tokens.com – a publicly traded company – announced that it has purchased 833 Million Shiba Inu tokens. Andrew Kigues, Tokens.com CEO commented: “We believe we are the first publicly

Ethereum, Uniswap Price Analysis: September 27, 2021

By John Isige Published 8 hours ago Updated 6 hours ago Ethereum leads altcoins into recovery after rebounding from last week’s crash to the 100-day SMA. Uniswap gains 35% in 24 hours, testing the $25 hurdle after leaving support at $17.5 in the rearview. The crypto market is making a comeback in the green with a bang as the week takes off. Trading over the week mainly favored the bulls after they defended crucial support levels last Friday. Volatility shot up following news that China has revolutionized crackdown on crypto

Solana, SUSHI, Zcash Price Analysis: 24 September

 Altcoins across the market benefitted as Bitcoin and Ethereum continued to trade in the green over the last few trading sessions. The likes of Solana, SUSHI, and Zcash also appreciated over the last 24 hours. Solana flashed a notable move on the upside by securing double-digit gains. SUSHI registered a hike of 8.1%, despite buying strength remaining low. Finally, Zcash noted a 3.8% hike in value after it recovered from the 19 September sell-off.  Solana [SOL]  SOL/USD, TradingView Solana surged by 11.7% over the last 24 hours and was priced

Cardano, Synthetix, VeChain Price Analysis: 07 September

Quite a few altcoins in the market experienced bearish momentum. The likes of Cardano, Synthetix and VeChain noted a decline on their respective charts. Cardano fell by 2.5% and was expecting to rest near its support zone of $2.49. Synthetix traded right above its support level of $12.49 and threatened to fall below it over immediate trading sessions. VeChain too, experienced loss while consolidating and was moving south towards its one-week price low of $0.124 Cardano (ADA) ADA/USD, TradingView ADA noted downward movement as it registered a 2.5% decline over

Tezos, Binance Coin, Cosmos Price Analysis: 02 September

As Bitcoin and Ethereum secured fresh gains, the altcoin industry mimicked their price actions. Tezos, in the midst of developmental news about Golden Goals introducing NFTs on the altcoin, pictured gains while eyeing its immediate resistance level of $6.05. Binance Coin surged by 5.2% as it steered clear of the crucial support level of $460.42. Finally, Cosmos rallied by 7.3% as it prepared to retest its all-time high.  Tezos [XTZ] XTZ/USD, TradingView XTZ rose up on its charts after Bitcoin pushed against $50k. Over the last 24 hours, XTZ registered

MATIC, Solana, BAT Price Analysis: 02 September

Bitcoin’s foray above $50k impacted the altcoin industry positively. Altcoins such as MATIC and Solana kicked off recent rallies. Amidst MATIC’s scalability news, institutional investments hiked pushing the coin up by 8.8%. Solana eyed revisiting its all-time high of $125.95 with a 7% appreciation over the last 24 hours. Finally, BAT retested its one-week high in 8 days after hiking by 4.6%.  MATIC MATIC/USD, TradingView MATIC surged by 8.8% over the last 24 hours and was trading at $1.51. The crypto touched this price level for the second time in

Litecoin, IOTA, Dogecoin Price Analysis: 27 August

It has been a mixed trading day for the altcoin market despite Bitcoin breaking above $47k. Litecoin lost 2% of its value and was trading close to the $163.24 support line while IOTA declined by 5% and moved closer to the $0.795 price floor. Finally, Dogecoin flashed signs of consolidation with chances of a price reversal according to its technicals.  Litecoin [LTC] LTC/USD, TradingView Litecoin was trading at $169.49 after it lost 2% over the last 24 hours. The coin was trading close to the immediate support level of $163.24.

Polkadot, WAVES, VeChain Price Analysis: 05 August

As bigger cryptocurrencies like Bitcoin and Ethereum recovered, altcoins mimicked the same movements. DOT was on its way to test its immediate resistance level. WAVES, however, still flashed signs of sideways price movement. Finally, VeChain gained by 4% overnight.  Polkadot [DOT] DOT/USD, TradingView DOT was trading around $18.74 at press time after it registered a 9.4% hike overnight. The altcoin, in case of a further upward push, will push beyond the $18.75-level and a dip could cause it to fall at $18 and then subsequently to $16.77.  Even on a

Tezos, NEM, IOTA Price Analysis: 03 August

Bitcoin tanked once more, falling to $38,692 as it experienced resistance at $42,000. Altcoins walked the same path and failed to hold prices beyond their resistance levels. Tezos had made minor gains but the bears took over at the time of writing. XEM’s attempt to test its immediate resistance was halted as the it fell by 4.6%. MIOTA was likely to fall below its current support level.   Tezos (XTZ) XTZ/USD, TradingView The price of XTZ was $3.07 at press time. It noted a minor gain over the last 24 hours