MATIC had an interesting trading price range since the end of November. While the asset is currently oscillating near an all-time high, there continue to be some frailties alongside strong market indicators. It is therefore important to analyze key market signs in order to properly estimate immediate trend of Polygon’s native tokens MATIC and itsContinue reading “Can MATIC pull a ‘rabbit-out-of-hat’ rally akin to one in May 2021”

On 7 September, Bitcoin dropped by 11%. On 20 September, it declined by close to 9% yet again. However, the panic surrounding yesterday’s 8.30% drop has been far greater. The key difference between all these corrections is that on 3 December, the correction wick was close to 22%. It was the largest correction wick sinceContinue reading “Did Bitcoin fall prey to a ‘risk-off’ play from the traditional market”

Bitcoin and Ethereum have dropped the ball. The market has been witnessing a decline matched by the correction intensity from 19 May, 2021. Needless to say, that the long-term bullish structure is currently fractured. In recent articles, we highlighted the possible bullish scenarios for Bitcoin but none of them panned out like expected. In thisContinue reading “Bitcoin, Ethereum face largest correction since 19 May; is it time to buy the dip”

Bitcoin is consolidating at a range above $55,000 since recovering from the 26 November slump. Over the past few days, there hasn’t been any form of structural break indicative of a bearish bias. But an interesting on-chain development is suggestive of a possible dire situation. While Bitcoin remained at $56,460, the likelihood of a breakoutContinue reading “How 39,000 Bitcoin re-entering exchanges impact its bull run”

Bitcoin registered a strong recovery of 28 November with the price rising by 5%, after dropping down to a low of $53,500. However, bullish momentum hasn’t been monumental over the past few days, and recovery has been more conservative. Yet, fundamentally, there were strong developments on the derivatives side as one metric suggested a changeContinue reading “Given the weekend CME close, next 24 hours crucial to Bitcoin crossing $60,000”

Ethereum hasn’t had a great time in November. Dropping by more than 9% at one point, the asset continued to decline over the course of the month. However, the overall view might not be as bad as it seems on the surface. In fact, Ethereum has registered a 0.5% ROI for the month, which meansContinue reading “Should Ethereum investors really prepare for a ‘$6000’ December”

Bitcoin fueled momentary panic on 26 November when the market dropped by more than 5% on the hourly candle. It registered a new monthly low of $53,500 and some relative concerns took shape. The consistent decline over the course of November had already hindered the positive sentiment a little and the lower range consolidation didContinue reading “Bitcoin’s 5% recovery and what it means for December 2021”

While the collective market has undergone a strong decline in November, Metaverse-related assets continue to rise on the charts. Over the course of the last few days, Decentraland and Sandbox have both hit new all-time highs on the charts. While both these tokens are expected to undergo immediate corrections, the collective trend is recovering, withContinue reading “Metaverse play: What to expect from MANA, SAND tokens’ price this week”

Shiba Inu’s valuation has dropped by more than 44% in the month of November. However, optimism is seldom in shortage in the community. A major announcement was recently made public, one which has once again grabbed the attention of the community. With the crypto’s price falling under $0.00004, the meme token’s latest development was ratherContinue reading “Why Shiba Inu and Metaverse may be a match ‘forced’ in heaven”

Towards the end of October, XRP was expected to rally in the market. All the stars were close to aligning as positive sentiments were common across the industry. The SEC v. Ripple lawsuit has also been moving favorably over the past few weeks. Alas, unfortunately, November has not been so kind. At press time, XRPContinue reading “Is this XRP’s last held support before a confirmed bearish trend”

These are not the best of times for Cardano. While the asset may have maintained its sixth position in the rankings with a market cap of $49.1 billion, it is consistently reaching new lows over the past week, and at present, it is possibly at the last key support before an evident bearish reversal. ThisContinue reading “Cardano on the edge: Why and what it needs to make a recovery”

Short-term investors should look away at the moment. Or look closely, depending on one’s appetite for fear. Bitcoin, and Ethereum registered their largest 1-hour correction candles over the past few hours. BTC dropped by 3.38% in the chart, and Ethereum witnessed a 5.58% slip. However, the worst might not be over for both the topContinue reading “Where Bitcoin, Ethereum are headed post 26 November and why”