Mudrex

Mudrex

Axelar (AXL) registers a sharp decline of 24.24%, marking it as the top loser for the week. Currently, AXL is trading at particularly risky levels. On April 12, 2024, it reached its all-time low of $0.8820 and has since formed a double top pattern, a classic indicator of a bearish reversal. Presently, the price of AXL stands at $0.9462. Should it breach the...

Mudrex

PEPE has emerged as this week's most impressive performer with a significant surge of 34.35%. The cryptocurrency successfully breached the resistance level at $0.00000997, climbing to a peak of $0.00001146. It is currently retesting this level in a one-day timeframe. Should PEPE manage to sustain a close above this threshold, further upward trends may be...

Mudrex

World Coin (WLD) emerged as the standout performer of the week, registering a remarkable surge of 29.76%. In March, WLD reached its peak at $12.034 before undergoing a correction to $3.698, finding significant support at the 200-day Exponential Moving Average (EMA). Presently, WLD is exhibiting a double bottom pattern on the daily timeframe, indicating bullish...

Mudrex

TAO is currently in a significant downtrend, emerging as the biggest loser of the previous week with a substantial loss of 25.50%. This downtrend persists as TAO continues to establish new lower lows and lower highs in parallel. The support level at $430 has been breached by TAO, and the bearish momentum has even broken the long-term support at $400, which has...

Mudrex

Bonk surged by an impressive 16.13%, outperforming amidst a predominantly bearish market. It reached a peak of $0.00002967 before undergoing a correction. Currently, Bonk is exhibiting a descending triangle pattern, characterized by lower highs and lower lows. It now hovers around the demand zone near the $0.00002285 mark, testing this crucial support level. A...

Mudrex

In the past week, Akash Network has surged to the forefront of the market, claiming the title of the top gainer with an impressive 77.41% increase. After a notable correction, AKT experienced a sharp decline, finding support within the demand zone spanning from $2.3471 to $3.3737. Subsequently, a bullish accumulation ensued, propelling AKT to achieve a remarkable...

Mudrex

Nervos Network (CKB) experienced a significant downturn of 15.45% this week following a surge to its all-time high of $0.038239. This decline coincided with the formation of a double bottom pattern, culminating in the breakout to this new ATH. In the preceding week, CKB encountered substantial price rejection, leading to a corrective phase. There's a growing...

Mudrex

The BRC 20 token, Ordinals Protocol, registered as the most significant market decliner of the week with a precipitous drop of 39.80%. ORDI plummeted to a price low of $38.844, marking its nadir since the first week of December. Currently, ORDI is trading at $41.95, endeavoring to recuperate within a weak demand zone defined by the $38-$43 price range. Technical...

Mudrex

In the context of the recent market downturn attributed to geopolitical conflicts and anticipatory adjustments prior to the cryptocurrency halving event, Ondo Finance emerged as the week's top performer with a commendable gain of 8.48%. ONDO's valuation peaked at $1.02638 before retracting to $0.79089, which has established itself as a robust support level....

Mudrex

First Halving (November 28, 2012) : The reward dropped from 50 BTC to 25 BTC. In the following 12 months, the BTC price escalated from approximately $12 to $1,075, an increase of 8,858%. The inflation rate of Bitcoin decreased from 25.75% to 12% by January 2013. Second Halving (July 9, 2016) : The reward halved from 25 BTC to 12.5 BTC. Over the next year, the...

Mudrex

In the daily time frame, Bitcoin's price action is exhibiting consolidation within a defined range, marked by the formation of a triple top pattern. This pattern is typically recognized as a bearish reversal indicator, emerging after a sustained uptrend. The appearance of the triple top on Bitcoin's daily chart may signal a potential shift in market sentiment from...

Mudrex

Currently, Bitcoin is exhibiting a pre-halving retracement, characterized by bearish signals and lateral market movements. A technical analysis of the weekly time frame reveals the formation of a Cup and Handle pattern in Bitcoin’s price chart. Traditionally, this pattern can precede further downward movements. Notably, there is robust support within the $60,000...

Mudrex

Last week, RUNE experienced a significant 24.84% decline. Presently, it's entrenched in a downward parallel trend, with a potential regression to the $7.336 level, currently trading around a key support zone. If this support level is breached, we may anticipate a continuation of the downtrend. Short-term indicators, such as moving averages and oscillators, are...

Mudrex

CORE experienced a remarkable surge of 235.90% following a prolonged accumulation period. Hitting a new peak of $4.1786, it's now undergoing profit booking, currently trading at $3.1281. In the short term, oscillators signal a sell, but moving averages indicate a robust buy. Looking at the monthly timeframe, all technical indicators strongly advocate for buying....

Mudrex Updated 

In the weekly timeframe, Bittensor (TAO) witnessed a modest decline of 2.81%. Presently, TAO is displaying a Cup and Handle pattern, with potential immediate support estimated around the $603 price level. Confirmation of this pattern is anticipated upon surpassing the $641 threshold, signaling a probable breakout towards the $690 target. Assessing technical...

Mudrex

Internet Computer Protocol (ICP) has experienced a remarkable surge, peaking at $19.78, marking an impressive 72.64% increase. This rally commenced following the conclusion of its bearish trend, diverging from the $10.54 price point. Presently, the price is encountering resistance at $19.772, leading to sideways accumulation, with interim support identified at...

Mudrex

Optimism (OP) is currently at a critical support level of $3. On the hourly timeframe, OP is showing a steep downward trend, indicating a bearish trajectory. While oscillators show a neutral stance on the daily and weekly charts, moving averages signal a significant sell-off. Optimism stands to benefit from Ethereum's Dencun Upgrade, which has notably reduced gas...

Mudrex

Last week, Solana (SOL) saw a surge in popularity, with both SOL and its ecosystem, including meme tokens, delivering impressive returns to investors. SOL rose by 18.56% to reach $209.4, approaching its ambitious all-time high of $259.6. However, it is currently experiencing profit-taking and an overall market correction, finding support around the $168 range,...