MATIC faces strong resistance, struggling to maintain levels above $0.75. Bearish sentiment prevails as MATIC traded below the Ichimoku cloud and all three moving averages. As a researcher with experience in analyzing cryptocurrency markets, I see Polygon (MATIC) facing significant resistance and struggling to maintain levels above $0.75 at press time. The bearish sentiment is … Read more
Bitcoin’s price declined by more than 4% in the last 24 hours. Most market indicators and metrics hinted at a further price drop. As a seasoned crypto analyst with years of experience in the market, I have seen Bitcoin’s [BTC] price fluctuations time and again. The recent decline of more than 4% in the last … Read more
RNDR experienced a 13% fall in the last seven days. Market sentiment showed optimism even though the prices have been declining. As a researcher, I’ve been closely monitoring the recent developments of RNDR (Render Network), and the last seven days have shown a significant downturn with a 13% decline and a further 1.62% drop in … Read more
Bitcoin’s Taker Buy Sell Ratio has risen over one. BTC remained in the $66,000 price range. Based on my analysis as a researcher, I find the recent development in Bitcoin’s Taker Buy Sell Ratio intriguing. The metric’s shift above one suggests that buying pressure has exceeded selling pressure across most exchanges, indicating a potential shift … Read more
While Open Interest increased, Funding Rate stalled. The price of the altcoin might keep swinging between $3,400 and $3,600 in the short term. As a researcher with experience in the cryptocurrency market, I have observed that Ethereum’s [ETH] Open Interest increased significantly from $13.14 billion to $14.10 billion within a day, indicating increased speculative activity … Read more
The number of active addresses dropped to the lowest figure in the last 90 days. Amid bearish sentiment, technical analysis indicated that ADA could fall to $0.40. As an experienced analyst, I’m concerned about the recent downturn in Cardano’s (ADA) on-chain activity and its potential impact on the token’s price. The number of active addresses … Read more