On February 28, Bitcoin and some altcoins resumed trading in the bullish trend zone as cryptocurrencies broke out above the moving averages. Nonetheless, the altcoins listed below are the biggest losers as cryptocurrencies continue to experience a downward correction.
The cryptocurrencies under review are moving positive as altcoins break above the moving averages. This is an indication that the downtrend is gradually coming to an end.
Bitcoin and other cryptocurrencies have increased in value since February 4. This is due to Bitcoin rising above current support as bulls bought the dips. Moreover, the largest cryptocurrency has regained the psychological price level of $40,000 and held above it. This has helped the altcoins to recover as well.
Bitcoin rallied above $40,000 on Friday, however, this was not the biggest mover in crypto markets to end the week. Cryptocurrencies climbed today, following news that over 400,000 jobs were added to the U.S. economy last month. Biggest gainers Bitcoin (BTC) climbed to $40,000, ethereum was fast approaching $3,000, with Solana nearing $110, however, none […]
Bitcoin and the altcoins have all fallen into the oversold regions of the market. This means that buyers will emerge in the oversold region where a price recovery is likely.
Perhaps the most elemental rule in the world of crypto trading is buying when prices are low and selling as their value hits the graph high. However, just like the stock market, this practice has its own pros and cons. But there is a catch. The crypto market is highly volatile. None can guarantee you […]
TL:DR Breakdown Binance Coin price expected to move sideways BNB faces resistance at the $320 mark The closest support level lies at $280 Binance Coin price opened the day with a bearish outlook as the price fell from the $315 mark towards the $291 mark where it bottomed out for the day. Currently, BNB is […]