Bitcoin price is consolidating below former range highs, and a developing bear flag pattern suggests downside risk remains elevated with $80,000 emerging as the key support level. Summary Bitcoin lost the range high, which has flipped into strong resistance. A bear flag is forming near the range midpoint, signaling continuation risk. $80,000 is the key…
Dash price is bouncing from key Fibonacci support near $60, and if momentum holds, bulls may be positioning for a renewed rally toward the $97 yearly high. Summary Dash found support at the 0.618 Fibonacci level between $60 and $62. Daily support near $59 adds strong technical confluence. Continued volume expansion could fuel a rally…
Institutional demand for Bitcoin remained flat as the legacy crypto briefly lost another key support level ahead of the Bank of Japan interest rate decision. Summary Bitcoin ETFs have hit a four-day outflow streak totalling $1.6 billion. BTC has lost the $90k support as the investors reacted to macro pressures. Short-term technicals remain in favor…
Zcash price is grappling with heavy bearish pressure as it has dropped over 30% since the start of the year, as investors reacted to a mass resignation within the core development team. Now, renewed whale selling is positioning the token for more downside. Summary Zcash price is down 10% over the past week. Zcash price…
XRP price is drifting toward the $1.90 support zone as fading volume and negative funding rates suggest traders may be leaning too heavily to the short side. Summary XRP trades near $1.91, with weekly losses deepening and volume dropping nearly 50%. Funding rates have stayed negative since December, showing short-heavy positioning. Price is testing the…
Bitcoin price traded cautiously on Friday after the Bank of Japan kept its benchmark interest rate at 0.75%. Summary The Bank of Japan kept its benchmark interest rate at 0.75% but future hikes are possible if inflation persists. Bitcoin traded slightly below $90,000, reflecting short-term calm but ongoing caution from yen-driven liquidity pressures. Technical indicators…
LINK price retreated to a key support level after Chainlink acquired Atlas, a platform developed by Fastlane. Summary LINK price retreated and erased all gains made this year. Chainlink acquired Atlas from Fastlane. The buyout will help to support the ChainlinkSVR service. Chainlink (LINK) was trading at $12, its lowest level since January 1, meaning…
HBAR price wavered at a crucial support level after Hedera announced a major multi-year partnership with McLaren Racing. Summary HBAR price wavered after Hedera announced a major partnership with McLaren Racing. McLaren will use Hedera’s network to launch NFTs. The token has formed a descending triangle pattern pointing to more downside. Hedera (HBAR) was trading…
Bitcoin’s price remained in a tight range today, January 22, as investors reacted to new developments on Greenland and to ongoing ETF outflows. Summary Bitcoin price retreated after the US released strong GDP data. The numbers pushed the odds of Federal Reserve interest rate cuts this year. Technical analysis suggests that Bitcoin may continue falling,…
Pi Network price has staged a strong comeback in the past few days, paring back some of the losses it made earlier this week. Summary Pi Network price has rebounded by 23% from its lowest point this week. The rebound coincided with that of Bitcoin and other cryptocurrencies. Technical analysis suggests that the token has…
