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Price analysis 11/16: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, UNI, LTC
16.11.2022
The recovery in BTC and altcoins fizzled out fast, suggesting that investors continue to maintain a risk-off stance to all cryptocurrencies
Will Uniswap (UNI) turn long-term bullish breaking the resistance?
16.11.2022
At the time of writing this post, UNI was trading around $6.29, which is around the baseline of the Bollinger Bands. On the daily chart, $5.5 is a crucial level, and if the price sustains over this level, then you can trade in Uniswap for the short term. It is interesting to note that Bollinger...
Will Chiliz (CHZ) surpass $0.3 during the FIFA world cup?
16.11.2022
At the time of writing this post, CHZ was trading around $0.23, which is around the baseline (or upper range) of the Bollinger Bands. In the last two months, it has been consolidating, maintaining strong short-term support around $0.18. Moreover, it has been forming higher highs which is a bullish...
XRP close to its yearly low: Will it recover before 2022 ends?
16.11.2022
At the time of writing this post, XRP was trading around $0.386, which is around the yearly low. On the daily chart, you can find an upward momentum in the last two months. Before that (May to September), XRP was consolidating between $0.3 and $0.4. The positive momentum starts once investors...
Cronos traps under selling pressure: Can CRO recover?
15.11.2022
Cronos is compatible with both Ethereum virtual machines and cosmos-based ecosystems that allow easy porting of smart contracts and decentralized applications. It was launched in 2021 that runs parallel to the Crypto.org blockchain and powers the pay features of this platform. Crypto.com is...
XRP price recovers today: Can it overcome weekly losses?
15.11.2022
Crypto enthusiasts were worried about the negative sentiment developed after the FTX liquidity crisis. Many investors were selling out of panic because the situation directly questioned the sustainability of cryptocurrencies over the long term. Binance announced the acquisition of FTX to solve...
Dogecoin close to its previous lows: Was DOGE surge temporary?
15.11.2022
The movement of Dogecoin depends on market sentiment. When the market corrected over the news of the FTX liquidity crisis, Dogecoin did not lose its value like many other leading cryptocurrencies. Moreover, it recovered from the lower level sooner than other cryptos. It suggests positive momentum...
BTC losses get real as Bitcoin SOPR metric hits lowest since March 2020
15.11.2022
Sale price versus price paid diverges the most in over two years — since the last Bitcoin "black swan" event
Zilliqa continues bearish momentum: Should you buy ZIL in 2022?
14.11.2022
Many experts are bullish about the crypto markets, but no one expects it to recover in the short term. The FTX liquidity crisis became a major issue of the downfall when the crypto market started to recover from its yearly low. Before the end of this year, most cryptos formed a yearly low after...
Can Ethereum (ETH) recover before the end of this year?
14.11.2022
FTX, the third leading crypto exchange, faced a liquidity crisis. Since then, cryptocurrencies have been in a bloodbath because many retail investors are seeking an emergency exit due to the lack of sustainability of cryptocurrencies in the long term. After the news, Binance announced taking...
Solana losses more than half its value: What’s next for SOL?
14.11.2022
The FTX liquidity crisis hit the crypto industries, and retail investors are seeking an emergency exit by selling their stakes and investing in safer government bonds because central authorities do not back decentralized cryptocurrencies. If this liquidity crisis persists for a long time, then...
Polygon stands tall in the sell-off market: Will MATIC reach $2?
11.11.2022
In the long-term, Polygon has been in an uptrend, but it faced a sudden bearish momentum when FTX announced the liquidity crisis on their exchange. As a third popular crypto exchange, FTX is facing a liquidity challenge that leads to selling pressure in crypto markets. Binance came to the rescue...
Ethereum Classic (ETC) consolidates amidst the FTX liquidity crisis!
11.11.2022
Ethereum Classic is the fork version of Ethereum with ETC as a native coin that is used to pay gas fees on the network. Many investors treat it as an asset for the long term, but the ETC price has been consolidating in the last six months. After the news of the FTX liquidity crisis, …
Avalanche fails to sustain the support: Is it time to sell AVAX?
11.11.2022
Avalanche’s native token, AVAX, was down in the last few days when FTX announced its liquidity crisis, and Binance came to acquire FTX. However, Binance officials announced Wednesday that they would not buy FTX because the situation is beyond their control. That follows a negative sentiment...
Bitcoin Losses Continue after Binance Quits FTX Deal
10.11.2022
After a sudden turmoil in the FTX exchange, crypto enthusiasts thought Binance would come to the rescue, but Binance officials have announced that it is beyond their control. Binance exchange can’t support FTX customers to provide liquidity on the platform. As a result, the crypto market has been...
Ethereum price plunges 23%: Can ETH revive this fall?
10.11.2022
Even after the Merge upgrade, investors were optimistic for an uptrend, but the external factors such as US Fed regular rate hikes, supply chain issues, inflation, and now FTX ‘liquidity crunch’ has reduced the market cap of Ethereum, at least for the short term. Indeed, ETH is a popular coin,...
Cardano (ADA) falls short of buyers and fails to reach $0.45!
9.11.2022
Cardano is down these days! However, it may be an opportunity to buy for the long term because of the following three reasons. It is one of the top ten cryptocurrencies by market capitalization, so it has less risk than other altcoins. The best part is that Cardano has a public road map for...
BNB becomes a victim of extreme selling: Can it revive?
9.11.2022
Binance, the world’s largest crypto exchange platform, has signed a letter to compete in buying another major crypto exchange platform, FTX. The Binance community members are excited because FTX is the third-largest exchange by volume. As a result, the BNB price will surge in the future...
Shiba Inu (SHIB) loses charm again due to selling pressure!
9.11.2022
Shiba Inu is a meme coin and decentralized digital cryptocurrency named after a Japanese dog breed. No one knows who created this coin, but there was an individual known as ‘Ryoshi’ who brought the new cryptocurrencies to the world in August 2020, especially after the rise of Dogecoin. The logo...
Bitcoin continues to decline; Is it worth buying in 2022?
8.11.2022
Bitcoin is the largest cryptocurrency based on the market cap with a hard cap on coin circulation, which makes it one of the most popular digital assets in the world. From the USA to Australia, crypto enthusiasts love to treat it as an asset. Still, after Ethereum’s Merge upgrade, many people...