Connect with us

Amb Crypto

Chainlink, Uniswap, Dogecoin Price Analysis: 14 February

Avatar

Published

on

The cryptocurrency market has been witnessing a rally and many altcoins were currently seeing a sharp rise in value. However, the altcoin market appeared to be peaking and a correction seems imminent.

Chainlink [LINK] 

Source: LINKUSD on TradingView

The above chart of Chainlink indicated the gradual movement of the coin towards the top. As the value of the digital asset is traded at $33.64, it has remained above its crucial support at $26.76.

The 50 moving average was way below the candlesticks and indicated that the price has been inflated and may require a correction to stabilize. Meanwhile, the momentum in the market appeared to be going strong.

The Relative Strength Index showed that the digital asset is now in the overbought zone.

Uniswap [UNI]

Source: UNIUSD on TradingView

The Uniswap market has been showing wave-like growth in the market. The digital asset has been moving higher since the beginning of 2020 but the value has been supported at $18.01. UNI has been trading at $21.55, at the time of writing.

The price has been moving sideways and has been trying to move higher. The signal line and the 50 moving average remained under the candlesticks indicating the bullish behavior of the market.

Interestingly, the Bollinger bands were apart signaling the increased volatility in the market. While the Relative Strength Index remained close to the overbought zone. The saturated market hints at a trend reversal coming in.

Dogecoin [DOGE]

Source: DOGEUSD on TradingView

The Dogecoin market has been surging for no real reason. It was the hype that was pushing the price of the digital asset higher and was currently valued at $0.058, as $0.052 acted as the immediate support.

Despite the strong bullishness in the market, the trend reversal for DOGE has already begun. While the relative strength index has just dropped under the overbought zone, the MACD indicator was noting a crossover. Due to the lack of organic momentum in the market, it might be difficult for DOGE to hold on to its present high value.


Sign Up For Our Newsletter


Source: https://ambcrypto.com/chainlink-uniswap-dogecoin-price-analysis-14-february/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

Avatar

Published

on

Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

Continue Reading

Amb Crypto

FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

Avatar

Published

on

A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

Continue Reading

Amb Crypto

Why Mark Cuban is looking forward to Ethereum’s use cases

Avatar

Published

on

Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

Continue Reading

Amb Crypto

Litecoin, EOS, Enjin Coin Price Analysis: 01 March

Avatar

Published

on

Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

Continue Reading
Esports4 days ago

PowerOfEvil on TSM’s Spring Split playoff preparation: ‘A lot of things are going to change in the next couple of days’

Blockchain2 days ago

‘Bitcoin Senator’ Lummis Optimistic About Crypto Tax Reform

Blockchain2 days ago

Dogecoin becomes the most popular cryptocurrency

Gaming3 days ago

Betfred Sports, Represented by SCCG Management, Signs Multi-year Marketing Agreement with the Colorado Rockies

Aerospace5 days ago

Astra’s 100-year plan: Q&A with CEO Chris Kemp

Cyber Security5 days ago

Critical Vulnerability Discovered in a Firewall Appliance Made by Genua

Cyber Security5 days ago

How you can get someone’s Snapchat password?

Payments4 days ago

4-parter on Coinbase “IPO” – Part 1 = 5 Reasons Why It Matters

AR/VR3 days ago

‘Farpoint’ Studio Impulse Gear Announces a New VR Game Coming This Year

Aerospace4 days ago

Partners produce rotor blade 3D-printed tool on Ingersoll 3D printer

Blockchain2 days ago

Bitcoin Price Analysis: Back Above $50K, But Facing Huge Resistance Now

Blockchain2 days ago

Billionaire Hedge Fund Manager and a Former CFTC Chairman Reportedly Invested in Crypto Firm

Cyber Security5 days ago

Most Popular Software Trends for 2021

Blockchain2 days ago

NEXT Chain: New Generation Blockchain With Eyes on the DeFi Industry

Startups4 days ago

What to expect tomorrow at TC Sessions: Justice 2021

Blockchain2 days ago

Institutional Investors Continue to Buy Bitcoin as Price Tops $50K: Report

AI4 days ago

How AI is Transforming Cybersecurity in 2021?

Private Equity4 days ago

Instacart raises $265M at a $39B valuation

Blockchain3 days ago

Why March 2021 may see Bitcoin register yet another pullback

Esports4 days ago

How to download Pokemon Unite APK, iOS, and Switch

Trending