dogwifhat has retested key support levels as resistances in recent weeks, highlighting a strong downtrend. This trend has not yet halted, and lower timeframe buying pressure might not be enough to reverse the trend. As an experienced market analyst, I’ve closely monitored the recent developments of dogwifhat (WIF) and have formed a bearish opinion based … Read more
Crypto Fear and Greed showed that the market has descended into fear. Long liquidation volume also spiked. As a researcher with extensive experience in studying cryptocurrency markets, I cannot help but be concerned by the recent turn of events. The Fear and Greed crypto index, which I closely monitor, has plummeted to a reading of … Read more
Ethereum chalked out a classic descending channel pattern on the daily chart, confirming a bearish edge. The immediate support range at the $3,200 level can determine ETH’s near-term trajectory. As a seasoned crypto investor with a keen eye for technical analysis, I’ve seen my fair share of market fluctuations. Ethereum’s [ETH] recent price action has … Read more
Data showed that ADA sellers were exhausted, and have offered buyers a chance to buy at lower prices. The price-DAA divergence reinforced the bias, suggesting an increase to $0.40. As a seasoned analyst with extensive experience in the crypto market, I believe that Cardano (ADA) is on an uptrend and the recent price action supports … Read more
BTC losses compounded negative sentiment on crypto bull run prospects Despite the drawdown, analysts suggested that the market hasn’t topped. As a researcher with experience in cryptocurrency market analysis, I have observed the recent downturn in Bitcoin’s price and the accompanying negative sentiment. The losses on Monday, June 25th, compounded by the outflows from US … Read more
The range formation of April and May gained notability once again. The bulls might falter and cede the $60k level to the bears in the coming days. As an experienced analyst, I’ve seen my fair share of market volatility in the cryptocurrency space. The range formation of April and May gained significant attention once again … Read more