A confirmed head and shoulders pattern on SOL’s daily chart points toward a drop to $70. Solana (SOL) price may fall to $70 per token in the coming weeks as a head and shoulders setup emerged on the daily timeframe and possibly points toward a 45%+ decline.The chart below shows that SOL price rallied to nearly… More
Sell pressure on BTC and altcoins is beginning to alleviate, but data suggests that it’s too early to call for a reversal. Bitcoin (BTC) and select altcoins are showing signs of some buying near support levels. According to Arcane Research, the seven-day average real Bitcoin trading volume has dropped to the lowest level since July… More
Right now, bulls are buying each dip and bears are selling the top of each rally, suggesting that BTC and altcoins will remain range-bound for some time. Bitcoin (BTC) and most major altcoins are facing selling at higher levels and buying on dips, indicating the possibility of a range formation. On-chain analysis firm Whalemap said… More
Bitcoin’s inability to reclaim the 20-day EMA is a sign that selling in BTC and altcoins remains a threat. Bitcoin’s (BTC) price action has been uneventful in the first few days of the new year and it continues to languish below the psychological level at $50,000. The Crypto Fear and Greed Index is in the… More
The two cryptocurrencies look poised to end 2021 in double-digit percentage losses against Bitcoin. Bitcoin (BTC) looks set to beat its forked versions Bitcoin Cash (BCH) and Bitcoin SV (BSV) in terms of price-performance in 2021, market data shows.Notably, BTC’s year-to-date (YTD) returns sat near 60% at press time as its price wobbled near $47,500.… More
Bitcoin and most major altcoins have broken above their immediate resistance levels, increasing the possibility of a short-term rally. Bitcoin (BTC) bounced back above the psychological level at $50,000 and the S&P 500 hit a new all-time closing high on Dec. 23, suggesting that the panic selling caused due to the omicron variant is subsiding… More
The exploited nonfungible token project is looking to make things right before the holidays with the help of a compensation fund. On Tuesday, Solana nonfungible token (NFT) project Monkey Kingdom, which has received notable backing from American DJ Steve Aoki, announced via Twitter that hackers made off with $1.3 million of the community’s crypto funds… More
Bitcoin and most major altcoins are attempting a recovery to end the year on a strong footing. Bitcoin (BTC) is attempting to break above the psychologically critical level at $50,000 and close the year on a strong note. The up-move in Bitcoin has led to a sharp recovery in the value of the Crypto Fear… More
Bitcoin and most major altcoins are attempting a recovery, but they are likely to face strong resistance at higher levels. Bitcoin (BTC) is attempting to extend its recovery by rising above the psychological mark at $50,000, but several popular analysts believe that BTC could remain range-bound for a few weeks or even months.On-chain analytics firm… More
Bitcoin and most major altcoins are struggling to find bullish momentum, a possible signal that prices could continue to erode. Bitcoin (BTC) and most major altcoins continue to be pinned below their respective overhead resistances, indicating that bears are selling on rallies.According to Ki Young Ju, CEO of on-chain analytics firm CryptoQuant, “whales are depositing… More
Bitcoin and most major altcoins are attempting a recovery, but higher levels are still likely to attract strong selling. Bitcoin (BTC) dropped below $56,000 on Nov. 19, completing a near 20% correction from the all-time high. The Crypto Fear & Greed Index, which remained in the greed zone for most of the past two months,… More
Solana has grown nearly 13,000% year-to-date and while adoption has been increasing, there may be more than meets the eye. The top cryptocurrencies by market capitalization keep changing over time as the industry matures. Solana (SOL) has seen its value skyrocket so far this year and has been consistently processing over 2,500 transactions per second.The… More
More than 42 million Brave users will soon be able to access Solana dApps within Brave. During Solana’s Breakpoint conference in Lisbon, Portugal, executives at Brave and Solana Labs announced that the Brave browser would integrate with the Solana (SOL) blockchain and feature Solana decentralized applications, or dApps, on its browser. Simultaneously, Solana will promote… More
Lightspeed Venture Partners and FTX led blockchain game developer Faraway’s $21-million funding round. While the Ethereum blockchain has the community advantage, the competition with Solana is heating up thanks to the rise of blockchain-based play-to-earn games, which is now simply called GameFi.Founded by Scopely and Glu Mobile veterans, game developer and publisher Faraway announced that the… More
Bitcoin and Ether may witness a deeper pullback over the coming days and this move could shake weaker hands out of altcoins and other high risk positions. Bitcoin (BTC) has broken back below the psychological support at $60,000. While this seems to be negative in the short term, the price action has continued to mirror… More
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