Chainlink’s euphoric in the third quarter took its price to an all-time high of $8.53 on Monday. Nevertheless, the tenth-largest cryptocurrency corrected lower by up to 19 percent from its record level. Now a string of technical and fundamental catalysts hints that further bearish correction is underway. Chainlink went to its own moon this week.…
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Bitcoin price wavered on Tuesday as traders awaited second-quarter earnings from the most prominent American banks. The reports expect to provide more details about the status of the US economy, which may indirectly impact the Bitcoin market. Meanwhile, Goldman Sachs noted that it expects S&P 500 earnings per share to plummet by 60 percent in…
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Cardano’s price rallied more than 25% in the past few days and it traded close to $0.1400. ADA is currently down 7%, but it is still holding key supports and likely to resume its surge. ADA surged towards the $0.1400 level before correcting lower against the US dollar. The price is currently consolidating above the…
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Ripple started a downside correction from the $0.2110 resistance region against the US Dollar. XRP price seems to be following a bullish flag pattern and it could resume its rally above $0.2000 and $0.2100. Ripple price is correcting lower from the $0.2118 swing high against the US dollar. The price is trading nicely above the…
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Bitcoin is facing an uphill task near $9,300 and $9,400 against the US Dollar. BTC seems to be preparing for the next big move either above $9,400 or below $9,000. Bitcoin is stuck in a broad range above the $9,120 support zone. The price is struggling to clear the $9,300 and $9,400 resistance levels. There…
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Bitcoin’s recent mining rewards halving that took place just a couple of months ago went off without a hitch and has had a negligible adverse impact on the dynamics seen amongst the cryptocurrency’s miners. This comes despite what many analysts had previously believed, as some had been calling for an imminent “hash rate death spiral”…
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Cardano (ADA) has been one of the most popular cryptocurrencies over the past few months. This is for good reason: according to market data, the price of the altcoin has risen by 200% since the start of 2020. This has allowed Cardano to outpace Bitcoin, Ethereum, and a swath of other top cryptocurrencies. The project…
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Bitcoin price continues to trade sideways for several weeks now, bringing the asset’s notorious volatility to a chilling halt. This type of price action often indicates accumulation, which typically takes place at lower prices. Additional data reflecting crypto exchange BTC balance also suggests that accumulation is taking place, all while Bitcoin trades just below $10,000.…
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Chainlink has seen a monster-sized rally throughout the past couple of years, with its gains being unparalleled by virtually all other major altcoins. This momentum reached a boiling point last night when the crypto surged to highs of nearly $8.50 before hitting some resistance that slowed its ascent and catalyzed a slight selloff. It is…
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