Cryptocurrency News
After witnessing some recovery in the past week, Bitcoin topped out at resistance and initiated a heavy drop below the previous low. It lost 6% in the dip and has shown no sign of stopping at the moment. More bloodbath lies ahead. Following a bounce from the 4-hour channel’s lower […]
DigiToads is making investors and crypto fans more interested in meme coins than ever. Bitcoin (BTC), the first digital currency, is presently displaying negative indications in the constantly changing world of cryptocurrencies, which has investors and enthusiasts on edge. However, a new player has surfaced in this unpredictability, grabbing the […]
The cryptocurrency market has faced challenges in its upward momentum. Avorak AI has identified long-term bearish patterns, causing concerns among investors and traders. However, the platform also comes with solutions. What is a crypto bear market? A crypto bear market is a period when the overall value of cryptocurrencies experiences […]
Ethereum and most top altcoins have suffered a substantial loss amidst the latest crypto market’s downfall. The bears are stepping back to pull the price to $1,700 in the next few days. It lost 2.5% overnight. Following last week’s recovery that pushed the price above the $1900 level last weekend, […]
There’s an old saying among investors: “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.” Yet, in the uncharted waters of the cryptocurrency sea, amidst the roiling waves of a bear market, certain digital lifeforms, Algorand (ALGO), Aave (AAVE), and DigiToads (TOADS), are […]
Litecoin formed a double-top pattern on April 18 and started to lose momentum from $103. So far, it lost almost 11% in a week and now finds a solid support level to contain the ongoing selling pressure. Due to the sudden sell-off that hit the market in mid-April, Litecoin failed […]
Ethereum (ETH) made a fakeout last week and immediately washed gains with a bearish engulfing candle. This led to a roller coaster for weeks as the bears seemed ready to mount pressure again. Currently down by 2% weekly. The first quarter of the year saw Ethereum’s price rally from the […]
Cardano fell from a vital resistance level in mid-April after witnessing a steady increase for a month. It has found temporal support, but there’s not enough volatility to initiate a buy. The support may collapse soon. The price of ADA has been on the rise since the start of the […]
Frax Share (FRX) and GMX (GMX) offer investors little chance at a price swing, as the tokens are expected to continue their downtrends. This has heightened interest in the Sparklo presale, which offers uptrend price movement. Sparklo (SPRK): What is all the Fuss? The fuss around Sparklo stems from its […]
Dogecoin closed last month trading indecisively and attempted to resume bearish this month. However, it has bounced a bit from yesterday’s drop due to the latest price recovery. Last week saw Dogecoin through a consolidation phase after experiencing a steady breakdown in late April. During that phase, the leading meme […]
While some altcoins have charted substantial gains recently, Apecoin remained indecisive and is yet to witness a major price movement. It currently looks calm but lost 4% over the past hours. The past weeks have been so uninteresting for traders and investors amid the negative sentiments that hits the entire […]
After losing several levels in the past week, Bitcoin found temporal support and traded calmy around the $27k level since the start of the week. More reds could be painted. Just after BTC failed to recover above the $28k level yesterday, the price retraced and started to form another swing […]
Shiba Inu remains weak after decreasing by more than 10% since last week. It is still finding close support to a lay-by for a while before deciding on where next it’s heading. Last week saw the entire crypto market undergo a broader correction. The dogecoin killer – SHIB is not […]
After witnessing low volatility for several days, Cardano surpassed a psychological level and printed a new high. It fell throughout this week and shed a 15% loss in a week. But recovery is underway. Before surging through the $0.40 resistance level last week, Cardano witnessed a serious shrink in volatility […]
Algorand is one of the many cryptocurrency protocols that suffered greatly from the bear market. Currently, over 93% below its all-time high of $3.28, this crypto still strives to shake off the bear effect. With its price going up by nearly 24% in 2023, Algorand could hit some positive milestones […]
Corrections are part of the normal cycle of every market, mostly following after a strong impulsive move. However, the current market corrections digital assets are experiencing are steeper than what many investors would have liked. Aptos (APT) and Near Protocol (NEAR) were on the verge of a price breakout. However, […]
While for different reasons, both Solana and XRP have shown bearish divergence on lower time frames according to the Avorak AI Trade algos. This is in line with many experts, and has led to many investors wondering how else Avorak AI trade can help amid these developments. When will the […]
The price of Polygon‘s Matic token has continued to remain in a broadening wedge despite the ongoing decline. It currently trades near the wedge’s lower boundary, where a potential buyback could take place. Following sell actions from the upper boundary of the wedge, Matic has shed a lot of losses […]