VeChain has been on a tear over the last couple of weeks. Since the beginning of the month, VET entered a bull run that has seen its price appreciate more than 149%. The blockchain-based supply chain management token went from trading at a low of $0.0088 to hit a new yearly high of $0.022. This…
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As Bitcoin sails on calm waters, its rival Cardano is up more than 36 percent already in the third quarter. Traders looking to diversify from the top yet flat cryptocurrency could pump Cardano further into July. The upside sentiment takes cues from the altcoin’s upgrade to proof-of-stake at the end of this month. When bitcoin…
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Bitcoin is trading almost 12 percent below from its local top near $10,400, but a historically accurate technical indicator hints a trend reversal. The pattern formed on Monday as the short-term moving average of Bitcoin’s hash rate jumped over the long-term moving average, signaling the beginning of a buying setup. Its previous two formations over…
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Bitcoin has found itself in no man’s land. Take the chart below, which shows that over the past few months, the cryptocurrency has centered around the low-$9,000s, Chart of BTC’s price action over the past four months. Chart from TradingView.com The stagnation in the cryptocurrency market has been further accentuated by volatility indicators. Bitcoin’s historical…
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Following the Bitcoin halving, concerns over miner capitulation have proven unfounded. The week just gone saw the network hash rate reach a new all-time high of 125 million TH/s. Source: blockchain.com Significant pullbacks occurred in March and May, sparking fears of the beginning of a miner’s exodus. Current data shows the Bitcoin network is strong…
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Tezos’s price rallied more than 10% and it crossed the $3.000 resistance against the US Dollar. It seems like XTZ is following Chainlink’s (XTZ) rally and aiming more upsides in the coming days. XTZ started a strong increase above the $2.500 and $2.750 resistance levels against the US dollar. The price traded to a new…
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Chainlink (LINK) rallied more than 40% and traded to a new all-time high at $8.530 against the US Dollar. It is currently correcting lower, but dips are likely to find support near $7.200. Chainlink token price extended its rally above the $7.500 and $8.000 resistance levels against the US dollar. The price traded to a…
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There’s been talk about Bitcoin’s “Hash Ribbons” over recent days. The Hash Ribbons is an indicator that derives signals from crosses in the short-term and long-term moving averages of the hash rate of the Bitcoin network. Crypto investors have begun to discuss it because they said it was on the verge of printing a bullish…
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Bitcoin is holding the $9,120 and $9,200 support levels against the US Dollar. However, BTC is facing a confluence of resistance near $9,400, above which it could start a strong rally. Bitcoin is slowly rising and trading above the $9,200 support zone. The price is trading well below the $9,400 resistance, but above the 100…
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As repeated time and time again by analysts, Bitcoin is currently in no man’s land. The cryptocurrency remains above the $8,500 support while below the resistance region at $10,000-10,500. Price has responded in kind, flatlining in the low-$9,000s as neither bulls and bears have managed to establish a trend. Yet a volatility analysis predicts that…
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