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Ethereum Oscillating in a Bear Flag, ETH Ceiling at $2.15k

Ethereum prices are trending lower at spot rates, looking at the development in the daily chart. Even though traders are generally upbeat, expecting more gains in the medium term, current developments point to weak bulls. For instance, in the last trading week, ETH is down three percent as ETHUSDT prices oscillate inside a bear flag. Technically,...

The Crypto Market Shows Positive Signs at the Beginning of the Week

Over the past few weeks, the crypto market has struggled to gain positive momentum. Several coins have continuously shed their values. The overall crypto market lost around $800 billion in market value because of these plunging prices. One major contributor to this development was the crash of Terra LUNA and UST tokens. In one of the most surprising...

Cardano (ADA) Prices in a Tight Trade Range, Resistance at $0.60

Cardano prices are still within a tight horizontal consolidation at spot rates. The coin is stable in the past 24 hours, adding three percent but down six percent versus the USDT in the past trading week. Nonetheless, there are encouraging hints of strength at press time since there are higher highs relative to the lower BB. Most traders are apprehensive...

Bitcoin Stable at $30k but BTC Prices are Down 20% from Early May

Bitcoin prices are stable at spot rates and wavy at around $30k, much to the disappointment of bulls. Even though there are hints of strength because of the recent higher highs relative to the lower BB, the uptrend is labored. Currently, BTC is down roughly 20 percent from the beginning of May. What’s slowing down the upward momentum is the failure...

Ethereum Remains in a Bear Breakout Formation, ETH Ceiling at $2.2k

Ethereum prices are stable when writing. However, performance remains underwhelming, if not dismal, considering the general expectations amongst traders. At spot rates, ETH is up four percent versus the USDT and still down double-digits in the last trading week, losing 14 percent. The recovery from last week’s low could set precedence, allowing...

BNB Adds 33% From $220, Is The Bear Run Over?

BNB is still in the top-5 with more than twice the market cap of XRP, the sixth most valuable cryptocurrency. As per the arrangement in the daily chart, BNB wasn’t spared the sell-off of last week. However, the good news is that BNB remains resilient, impressively soaking selling pressure of the past 24 hours and adding four percent versus the USDT....

Bitcoin Recovers from $26.7k Pits, adds 10% as BTC Bulls Aim Higher

Bitcoin has had it rough in the past few trading days, reading from the performance in the daily chart. Even though the coin could be back in green in the past 24 hours versus the USDT, where it is up a decent nine percent, the primary trend is bearish. Notably, as per the general candlestick arrangement, BTCUSDT is within a bear breakout formation...

Ethereum Retests Q1 2022 Lows but Will ETH Slip to $1.8k?

Ethereum hasn’t been spared the drawdown of early this week, reading from the formation in the daily chart. Although there are pockets of strength and ETH is stable in the past 24 hours, the coin has been deep in red in the past trading week. To quantify, ETH slid 16 percent against the USDT week-to-date, sling below a crucial support level in a...

Bitcoin Briefly Touches $30K; Has Crypto Winter Arrived?

Four straight days of tumbling has seen Bitcoin (BTC) spiral to its lowest price of $29,961 today, since July 2021. However, the flagship token quickly recovered its lost ground and managed to pop slightly above the $31K mark in just a few hours. The global crypto market crash has coincided with the broader financial markets impacting major cryptocurrencies....

Terra (LUNA) Dumps 24%, Rabid Sellers Target $45

LUNA prices are still in red at spot rates. Like the rest of the cryptocurrency market, the coin is under immense selling pressure, sliding 24 percent week-to-date. Sellers are evidently in a vantage position, unwinding progress made in the second half of 2021. LUNA is trailing the USDT and equally performing dismally versus the BTC and ETH. Overall,...

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