Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Loopring stood ranked #76 on CoinMarketCap with a market capitalization of $1.3 billion, at the time of writing. Like many altcoins, Loopring faced heavy selling pressure in late November and all of December as it […]
The ATOM/USDT pair registers a 13% gain from the $25.5 support in the last two days. The coin price rebounded with a long bullish candle, engulfed the last four days of trading activity. The buyers have managed to breach a descending trendline, which should kickstart a recovery rally Key technical points: The ATOM price shows
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In a previous article, the possibility of a bearish retest of the $75 level was explored. At press time, it appeared that such a retest might already have occurred for Avalanche. Even though some gains […]
Red Rock Resorts (NASDAQ:RRR) posted another set of impressive margin gains in the fourth quarter, prompting one analyst to say the stock could be undervalued if that trend continues. In the last three months of 2021, Red Rock earned $1.66 a share on revenue of $422.35 million. Wall Street expected earnings per share of 52 […]
Popular metaverse token SAND dipped briefly before $3 but has recovered in the past week. Well, the interesting question here is- Could SAND token push toward $4.5? Or was the rally in late January only a relief rally? The $4.5 area (cyan box) had been defended from the bears for all of December, but in […]
As the broader sentiment deteriorated in the last 24 hours, Chainlink fell toward the $15.6-mark. Moreover, the king coin’s movement would be critical to ETH’s trajectory. Should the bulls dwindle, a test of $2,340 would not be of a surprise. On the other hand, MANA saw a bullish divergence with its 4-hour RSI. Ether (ETH) […]
Bitcoin is currently a combination of peak fear sentiment and bullish on-chain fundamentals, according to popular analyst Willy Woo. Speaking on the What Bitcoin Did podcast with Peter McCormack, Woo says BTC’s bull market remains intact, and that traders looking for more capitulation to the downside will probably be forced to enter higher. “Structurally, on-chain, […]
The NFT space since the past month is undergoing a roller coaster ride with multiple ups and downs. While it was swinging within the higher levels back in Q4 2021, many expected the year 2022 could be the year of NFT’s but woefully, the bears outperformed even the traditional cryptos. But however, the NFT space …