CoinGape

CoinGape

Ethereum shakes off weak hands from the market following the freefall to $2,650. The 100-day SMA plays a crucial role, ensuring that ETH does not extend the bearish leg to $2,400. The cryptocurrency market is experiencing a downtrend run amid heightened volatility. Investors have been cautiously bullish, especially with the stock market bleeding in the wake...

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-HBAR has fallen nearly -50% over the last week -Price has formed a descending channel -15 MA continues to act as resistance

 Hedera Hashgraph (HBAR) had outperformed the overall crypto market the week before last as prices have rose nearly 100% from $0.24 to $0.49. HBAR refers to itself as the “trust layer of the internet”. Hedera Hashgraph is a public network...

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-MATIC has fallen over -15% the last week -Price is potentially forming a falling wedge pattern -MATIC must clear the 10 MA to start a revival 

Polygon (MATIC) has been generally quiet over the last few months as focus has turned to NFTs, Solana & Avalanche. Despite the hype mostly dying down around the Matic Network, MATIC token has still been able to hold its...

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Ripple extends the bearish leg to $0.86 but recovers gradually to $0.94. A confirmed breakout above $0.95 would affirm the bulls’ grip on the price for gains eyeing levels above $1. Ripple explored the levels below $1 following the bearish wave that started hitting the market on Sunday. The cross-border token had lifted to September highs of $1.4 before a...

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Bitcoin trims almost all the gains accrued last week as it tests support at $45,000. Long positions liquidations soar to $312 million while Bybit accounts for more than half. Bitcoin and cryptocurrencies suffered yet another blow on Monday during the Asian session. The massive drop of more than 5% in the crypto total market capitalization has mainly been...

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-Sushi has risen over 13% the last week
 -Price has been held up by 400 MA
 -Sushi Swap is heading towards its mid term trend line

 Sushi Swap has been doing fairly well over the last week compared to other coins in its class. Prices are up nearly 13% compared to the majority of coins being down -5%. Sushi Swap hosts a very impressive decentralized app as it...

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-DOT is down nearly -9% over the last week -Price has been stuck in an ascending channel over the last month -DOT has been holding the 200MA as support

 Polkadot has been performing better than the overall market over the last few weeks. Along with ALGO, ATOM, AVAX & more, DOT has been riding in a strong uptrend despite other major cryptocurrencies showing a...

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-ETH is down around -2% over the last week -Price has been held up by 300MA
 -Price has formed a month long ascending channel 
 Ethereum has surely been the motherboard of web3 over the last year as nearly all DeFi & NFT projects have some relation to the Ether blockchain. Price performance has been overall flat the last 60 days but we can look at this as a time...

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-XRP has been flat over the last week with prices down -1% 
-Price has been forming a descending channel 
 -300 MA is acting as support

 XRP has had a wild run over the last year as the SEC lawsuit has put many dampers in the price. Despite this lawsuit still pending, XRP has been consolidating above the $1.00 mark for nearly 35 days, marking the longest...

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Bitcoin price holds above robust support despite $48,000 seller congestion zone thwarting bullish efforts. A spike in on-chain levels throughout the week shows that Bitcoin is fundamentally ready to hit higher levels. Bitcoin bulls targeted closing the gap to $50,000 before this week came to an end. However, price action appears to have been limited to under...

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-THETA has fallen nearly -12% over the last week -Prices have formed a descending channel -THETA is being rejected by the 100MA

 Theta Token had an amazing start to the year as prices exploded nearly 1000% at its all time high of $15. Since the market downfall that occurred from May to July, THETA has had much trouble regaining the levels it previously traded...

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XRP price struggles to sustain around $1.1 amid bearish calls that risk another drop to $0.92. The US SEC maintains that the DPP protects its internal documents, and therefore Ripple has no right to request access. Ripple is dancing around $1 after plunging from a September high of $1.4 and testing support at $0.92. The international money transfer token has...

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Ethereum rebounds from $3,000 to above $3,400 but faces intense resistance between $3,500 and $3,600. The IOMAP model reinforces the resistance between $3,500 and $3,600 from an on-chain perspective. Ethereum has, in the last one week, focused on securing higher support, especially one that is strong enough to prevent losses from stretching below $3,000....

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-SAND has fallen nearly -20% over the last week
 -Price has formed a symmetrical triangle -45 MA is acting as resistance

 The Sandbox (SAND) has exploded in popularity & users over the last year thanks to the ongoing NFT boom. Virtual artwork, game figures, documents, & much more has grown in great amounts over the last year as more and more people show their...

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-HBAR is up nearly 95% over the last week 
-Price has formed an ascending channel
 -25 MA has continued to act as support

 Hedera Hashgraph (HBAR) has been outperforming the overall crypto market over the last week as prices have risen nearly 100% from $0.24 to $0.49. HBAR refers to itself as the “trust layer of the internet”. Hedera is a public network that...

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Bitcoin price bounced off a weekly low at $43,437, but upside potential above $45,000 is shaky. A short-term descending parallel channel contributes to the rising overhead pressure. Following a massive crash last week, Bitcoin extended the bearish leg below $46,000 on Monday, whereby a low was traded at $43,437 (data by Coinbase). Shortly after, a minor...

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-WAG is up nearly 38% over the last day -Price has just touched its near week long downtrend line -WAG is being supported by the 10 MA
 WagyuSwap describes itself as the the First DEX (decentralized exchange) to be built on the fastest blockchain known as Velas. WAG aims to offer swapping solutions better than Uniswap or SushiSwap as it is built on a much faster...

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-ALGO has risen 64% over the last week -Price has now formed an ascending triangle -ALGO has been held up by the 30MA 

Algorand just had one of its best weeks in terms of percentage growth since many months ago. Back on the 7th of September, the entire cryptocurrency market experienced a massive pullback that brought many coins down -20% or more. Since then,...