BONK, the altcoin with the hottest start to any year ever, is hitting profit-taking at the $0.000026 level. Following a massive rally from $0.000011 on June 22, BONK’s bullish trend is set to undergo a crucial test. Technical indicators have come together to suggest a likely pullback. Immediate support levels...
Ethereum is going through an important liquidity and sentiment headwind, which is why ETH is failing to break above the tight range at the moment. Investors and analysts alike have expressed concern at the current state of the market. At the same time, Ethereum is struggling to reclaim its breakout...
Celestia (TIA) has been in a bear market lately. This downside pressure has erased all of its weekly gains and places the $1.00 psychological support level in jeopardy. The altcoin is down double digits in the past 24 hours, adding to an ongoing pullback that started Thursday. Technicals imply further...
Having bounced sharply from the $100k mark recently, Bitcoin is proving strong buyer commitment to the continued bull trend. It’s encouraging that the price is still holding above the 20-day Exponential Moving Average (EMA). Sellers are trying to reestablish control just below at $36.74, which is the price action’s first...
The air is thick with anxiety. Bitcoin teeters, currently around $104,900, but everyone's whispering about the dreaded $100,000 mark. A floor, if cracked, some argue portends a disaster. Doom! Relax, people. Let's look at what's really happening.Fear Sells, But Data Tells A StoryYes, $105,000 is turning out to be a...
Ethereum is all the rage in crypto these days, and with good reason. The blockchain platform has continued to hum with activity. Because its open interest (OI) in futures contracts has shot to record levels. If this is the first you’ve heard of this idea, here’s how it works. Open...
Ethereum (ETH) is still consolidating under the important $2,800 resistance level, an important region that traders continue monitoring. The crypto’s recent price action shows a time of compression, where markets are getting ready for an impending, powerful breakout or breakdown. The deep increase in both trading volume and open interest...
Ethereum. The darling of decentralized finance, the backbone of countless NFTs, and a constant source of anxiety for anyone who's ever dared to invest. We're all staring at the charts, wondering if we're about to become crypto millionaires or bag holders for the next decade. The truthful account is more...
Ethereum has been on a big move back towards the $2,600 level indicating ETH market reversal after it had been moving consistently lower near the $2,500 level. A significant increase in institutional purchasing is powering this trend. Insiders are apparently buying up $240 million of Ethereum in the space of...
After a sharp 20% Ethereum price recovery, ETH price action has established a firm base of support at the $2,200 level. This rally comes after a period of consolidation and breakout above the $30 as a major resistance level. Bullish technical indicators point to continued bullish momentum, which could set...
