The correlation coefficients respectively indicate nearly parallel market movements. On-chain data suggested that holders should anticipate further gains in the future. As a crypto investor with some experience under my belt, I’ve learned that market correlations and on-chain data can provide valuable insights into potential investment opportunities. Based on recent analysis by IntoTheBlock, Cardano (ADA), … Read more
The significant decline hinted at a cooling interest in Solana-based memecoins. SOL’s price might test the lower support levels around $145.90 if interest continues to decline. As an experienced analyst, I believe that the significant decline in Solana-based memecoin trading volume and Solana decentralized exchange (DEX) volume is a clear indication of waning interest in … Read more
Pepe saw another all-time high. Its Open Interest was also nearing its all-time high. As a researcher, I’m thoroughly intrigued by Pepe’s [PEPE] recent performance in the crypto market. Its consistent surge in price to reach several all-time highs (ATH) is truly remarkable. Each new ATH seems to be fueling further interest and trading volume … Read more
Analysis showed that the coin could see an upswing to $738 by June. Derivatives market data indicated bullish sentiment, as BNB might favor long positions. Based on my analysis as an experienced cryptocurrency analyst, I believe that Binance Coin (BNB) is showing signs of potential growth in the coming months. I arrived at this conclusion … Read more
Bitcoin saw a positive reaction on the price charts, but social metrics underlined weakness. The high demand for Bitcoin in May could propel prices past the ATH soon. As a seasoned crypto investor, I’ve witnessed my fair share of market volatility and trends. The recent price action of Bitcoin has been intriguing, with its sudden … Read more
Ethereum whales have become more active recently. ETH is attempting to establish the $3,600 range as its support. As a researcher with experience in cryptocurrency market analysis, I have been closely monitoring the recent activities of Ethereum whales and the broader Ethereum ecosystem. Based on my findings, I believe that Ethereum whales have become more … Read more