May 27, 11:20 am
|Crypto Price Analysis May-27: Ethereum, Ripple, Cardano, Solana, and Tro...|
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Tron.
During a sustained sell-off yesterday, Ethereum lost the critical support level at $1,900, and its price fell to $1,700. This evaporated hopes of a quick recovery and turned market sentiment extremely bearish. ETH has lost 12.7% in the past seven days.
There is only one relatively good thing about the market right now - volume during this latest drop in price has been lower than on May 12th. This could signal that sellers are approaching an exhaustion point. Moreso, as long as the selling volume fails to pick up again, the daily RSI could form a bullish divergence.
ETH has had a very difficult time lately with eight consecutive weekly candles in red. To stop this downtrend, the cryptocurrency must hold above the $1,700 support level. Otherwise, bears could take the price much lower. If that happens, the next key support level will be found at $1,450, which was the previous all-time high from January 2018.
Chart by TradingView
XRP had a better week compared to Ethereum since its key support level at $0.38 has held well during the sell-off from yesterday. Nevertheless, it als...
May 27, 8:52 am
|Crypto Markets Shed $40 Billion, Ethereum and Cardano Down 5% (Market Wa...|
It's been a rough day for the cryptocurrency market, in general. The total capitalization declined by about $40 billion, and most of it was because altcoins are bleeding out.
Bitcoin Dominance on the Run
Every now and then, especially in bear markets, Bitcoin tends to outperform altcoins. The predominant reason for this is that it's an established ...
May 26, 11:00 pm
|Bitcoin Dominance Remains High As Market Sell-Offs Settle|
Bitcoin dominance over the market has still not receded even as the price has fallen below $30,000. Just as BTC had taken a hit, so had the altcoins. This had given the pioneer cryptocurrency more leeway to eat back into the market dominance. Even though the market has been brutal to investors in the past week, it is starting to level out and as th...
May 25, 6:00 pm
|Crypto Market Turning Point — Most Cryptocurrencies Down 57% to Ov...|
Roughly six months ago, bitcoin and a number of digital assets reached all-time highs and the crypto economy crested above $3 trillion in value. Today is a different story as a great majority of cryptocurrencies are down between 57% to over 80% against the U.S. dollar.While Cryptos Are Down From the ATHs, 2020 Holders Are Still in the Green