Bitcoin is consolidating at a key resistance within a descending channel. With volume declining and price nearing a pivotal area, traders are watching closely for either a strong rejection or a volume-backed breakout. This move could define the short-term trend going into next week. Bitcoin (BTC) has spent most of the week consolidating at a…
XRP rallied 2% in the past week, and nearly 1% on the day, bucking the typical trend of correction in the crypto market. The second-largest altcoin by market capitalization ranks among the top 10 gainers, according to Grayscale data. XRP (XRP) is the third-largest cryptocurrency by market capitalization and is the only altcoin with positive…
NEAR is showing signs of a potential bottom after weeks of aggressive selling. A falling wedge formation on the daily timeframe, combined with extreme oversold conditions and RSI divergence, points toward a possible bullish reversal targeting the $4.66 resistance zone. NEAR (NEAR) has been in a steep and sustained downtrend, marked by heavy bearish expansions…
The Algorand price remains in a tight range this week, as activity in the cryptocurrency industry continues to stay muted. Algorand (ALGO), a layer-1 network, was trading at $0.1865 on Thursday, just above its lowest level this year. It has plunged by nearly 70% from its November 2023 high. Algorand is facing substantial challenges that…
The Cardano price remains in a deep bear market, having lost over half its value since peaking in November last year. Cardano (ADA) dropped to $0.615 on April 16, mirroring the performance of other top layer-1 coins, such as Avalanche (AVAX) and Solana (SOL). ADA remains significantly lower than its all-time high of $3.1. There…
Pi Network price continued to retreat this week as investors remain concerned about its increasing supply. Pi coin (PI) retreated to a low of $0.60, its lowest level in a week and 21% below its highest point this month. The most likely reason for the sell-off is that more tokens are being released to the…
Ripple coin wavered at a crucial resistance level this week as Bitcoin and most major altcoins stalled. Ripple (XRP) was trading at $2.10 on Thursday, up over 30% from its lowest point this month. The most significant news on Ripple was a U.S. court’s decision to grant both Ripple and the Securities and Exchange Commission…
SYRUP jumped as much as 36% today, driven by strong ecosystem growth and whale accumulation. On April 17, Maple Finance’s SYRUP token hit an intraday high of $0.15, putting it up more than 76% from its monthly low. At the time, its market cap sat around $128.8 million, and daily trading volume surged 157% to…
Cardano (ADA) has shown major structural developments as it re-enters a multi-year trading range. The recent price action suggests acceptance back within this long-term structure, with indicators pointing toward a potential move to the lower support region. Cardano (ADA) has re-entered a significant trading range that has contained its price action for over three years….
BONK is trading at a key high time frame support level while showing signs of a potential trend reversal. A double bottom formation is developing, and a breakout above dynamic resistance could confirm a shift in market structure, setting the stage for a bullish rally. After a prolonged bearish trend marked by consecutive lower highs…
