Bitcoin formed a smaller range within the range. Bullish conviction has weakened considerably, and selling pressure could soon dominate. Bitcoin has been trading between $73k and $60.7k recently, forming a smaller range. Bullish conviction has weakened significantly, and selling pressure may take over soon. In my earlier analysis for AMBCrypto, I mentioned that bulls needed … Read more
The market cap of JUP, the native token for Jupiter, crossed $1 billion. Other protocols such as Jito also saw growth. Solana’s (SOL) user base has expanded significantly over the past few months, leading to growth for not only SOL but also related protocols like Jupiter (JUP) and Jito. In fact, JUP became one of … Read more
Cardano’s non-zero addresses declined. Dogecoin’s non-zero addresses increased by over 13%. Recent data suggests that Dogecoin and Cardano have seen a slight shift in the number of active wallet addresses. Dogecoin’s holder count has grown by over 13% in the last three months, while Cardano’s has declined, despite both assets displaying flat trends recently. As … Read more
In summary, the altcoin market is showing mixed signs as some coins like Ethereum (ETH), Near Protocol (NEAR), Arweave (AR), and Core (CORE) are trying to recover from their recent declines, while others like Bonk (BONK) are facing resistance at key levels. The overall trend remains bearish, but the bulls are attempting to stage a … Read more
MATIC was up by nearly 6% in the last 24 hours. Metrics and market indicators looked bearish. As a crypto investor, I’ve noticed that Polygon (MATIC) has had a rough month with its price dropping over 26%, causing it to slide down the list of top 20 cryptos. However, there was some good news in … Read more
Shiba Inu has a bearish short-term market structure. The lack of demand at a key support zone was concerning. In recent analysis of Shiba Inu (SHIB), a bullish move was predicted, but the momentum has since slowed. The support zone at $0.0000235 showed promise for buyers, but bears had the upper hand due to declining … Read more