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
SHIB and PEPE saw large deposits on the Binance exchange. The memecoins have remained in a bear trend. As a seasoned crypto investor with a keen interest in memecoins, I’ve been closely following the recent developments surrounding Shiba Inu (SHIB) and Pepe (PEPE). The data from various analytics platforms has been intriguing, to say the … Read more
Pompliano explains BTC’s recent drop is normal, highlighting profit-taking and seasonal trends. He predicts a bullish future for Bitcoin coupled with the power of AI. As an experienced financial analyst, I believe that the recent drop in Bitcoin’s price is a normal occurrence in the market. Profit-taking and seasonal trends are significant factors contributing to … Read more