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Monero Resists Selling Pressure Following Rally & Recent Atomic Swaps Launch
25.8.2021
The popular privacy-focused cryptocurrency monero (XMR) stood out as one of the better performers in what is a vastly red crypto market today, it itself turning red as well. This correction follows a rise of over 17% in the past week, and this strong price performance comes as the implementation...
Bitcoin and Ethereum Correct Gains, Altcoins Absorb Selling Pressure
30.3.2021
Bitcoin price followed a bullish path above the USD 57,000 resistance. BTC even cleared the USD 58,000 resistance and traded close to USD 58,500. It is currently (04:30 UTC) correcting gains, with major supports near USD 57,000 and USD 56,500.
Similarly, most major altcoins gained bullish momentum....
Bytetree Founder Believes Grayscale Should Lower Its ‘Unrealistically High’ Fee: Warns of Possible ‘Systemic Risk’
21.3.2021
The founder of Bytetree Asset Management, Charlie Morris, has suggested the reduction of the GBTC management fee as one way Grayscale Investment can ease the current selling pressure and possibly reduce the discount on the shares. Morris says if no action is taken, “the selling pressure will...
Analyst: Chinese New Year could drive Bitcoin selling pressure
28.1.2021
Stack Funds’ analysis suggests that Bitcoin’s floor price has yet to be found as the Chinese New Year approaches
Bitcoin Cash Faces Increased Selling Pressure Ahead of Hard Fork
13.11.2020
With the Bitcoin Cash (BCH) hard fork fast-approaching, BCH inflows to exchanges reached their highest point in eight months, and it appears that more market participants want to sell than buy the coin, according to the data provided by blockchain analysis company Chainalysis.
Another hard fork...
Bitcoin and Altcoins Face Increased Selling Pressure
3.11.2020
In the past three sessions, bitcoin price saw an increase in selling pressure below USD 13,650. BTC broke the USD 13,500 support and even extended its decline below the USD 13,350 support. The price is currently (05:00 UTC) holding the USD 13,200 support, but it might struggle to climb back above...
Bitcoin Stuck In Crucial Range While Altcoins Face Selling Pressure
21.9.2020
After a clear break above USD 11,000, bitcoin price faced resistance near USD 11,200. BTC started a downside correction and it is currently (08:30 UTC) trading below the USD 11,000 level. It seems like the price is stuck in a range above the USD 10,750 support level.
On the other hand, most major...
Bitcoin and Altcoins Showing Signs of Increase in Selling Pressure
16.7.2020
Bitcoin price failed to remain stable above USD 9,200 and it is currently (08:30 UTC) down 1%. BTC is trading below USD 9,150 and it seems like the bulls are losing control. The main support is near USD 9,050 and USD 9,000, below which the price could start a new bearish wave.
Similarly, most major...
Market Wrap: Derivatives May Reduce Miner Selling Pressure After Bitcoin Halving
6.5.2020
The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue post-halving
China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic
3.2.2020
China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into...
Dogecoin Retests Support at $0.0022 and Falls Under Selling Pressure
24.1.2020
Dogecoin (DOGE), at the time of writing this analysis, was trading at $0.00223 Just when Bitcoin price rose temporarily above $9,000, DOGE price had also hit a fresh 30-day high at $0.00258 DOGE’s current trading price gains support from the 200-day MA as it is retesting support around $0.0022...
Bitcoin (BTC) Trades Stably; Lightens the Selling Pressure
9.12.2019
Bitcoin moves beyond the ‘strong selling pressure’ that it withhold since quite some time now BTC’s current trading price gains support from the short-term Moving Averages BTC holds the major support around $7,300 and $7,250, while the major resistance $7,650 price area Bitcoin has been trading...
Dogecoin Trades with Moderate Selling Pressure; Gains Support from Short-term MAs
2.12.2019
Dogecoin trades around $0.0022 price area; gains support from the short-term moving averages Dogecoin price takes a swift downturn trading from $0.0028 to falling at $0.0020 in a 30-day time frame Currently, the currency trades with a 10% growth when compared to the lowest in the said time frame...
LTC Trades with Bullish Impact; Selling Pressure Remains Prominent
29.11.2019
Litecoin trades at $47.84 with slight support from the short-term moving averages Just like other altcoins, LTC is also trading with utmost selling pressure LTC’s current trading price is 9% higher than the lowest of the past 30 days Litecoin (LTC) has hit the new 90-day low at $42 in the past four...
Dogecoin (DOGE) Trades Under Selling Pressure; Dips at $0.0023
22.11.2019
Dogecoin hits bottom at $0.0023, after having traded around $0.0027 for a notable time period DOGE price slips to trade at $0.0023 after a month of trading beyond it Dogecoin price records a fall of over 5.5% in the past 24 hours The whole crypto market crashes as Bitcoin, Ethereum, and XRP trade...
Litecoin (LTC) Oscillates in the Midrange And Holds Solid Selling Pressure
19.11.2019
Litecoin price slides below $60 and now even below $58, trades at the major support price $55 Keeping in light the current market volatility, we fear that LTC price may even test $50 price mark soon if it continues to descend LTC/USD currently trades in the mid-range of the lowest and the highest...
Litecoin Faces Major Support at $55, Trades with Utmost Selling Pressure
18.11.2019
LTC price takes a break below $60 and now even $59, forming a descending trendline If LTC price descends even below it will form a loss-making zone until it reclaims above $60 Litecoin price shows volatility with a falling wedge observed in the initial days of the past week Litecoin (LTC)...
Ethereum Tests Support at $180, Trades with Solid Selling Pressure
15.11.2019
Ethereum slides close to the major support around $180 and trades at $182 ETH/USD also tests supports at $180, in the same duration once Ethereum faces a strong struggle to climb against its imminent supports Like Bitcoin, ETH price slips in the selling zone as well After having traded below...
Bitcoin Price May Test $7,750 as Selling Pressure Grows
17.10.2019
Bitcoin is looking increasingly weak, having closed below $8,000 on rising trading volumes Wednesday
Binance Coin Comes Under Selling Pressure; Hovers Around $15
2.10.2019
Binance Coin (BNB) is dealing with the bearish trend. However, the coin booked a heavy profit in yesterday’s chart. The uptrend invited the selling pressure, which is now observed by the entire market. The selling pressure started taking over since yesterday. BNB was seen dealing at $16.29 high...