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Fantom: Here are the levels to watch out for after FTM’s $0.65 rejection
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Fantom had a bearish short-term momentum after posting strong gains throughout January. A pullback to $0.5 or deeper was possible. Fantom [FTM] saw a pullback of nearly 20%...
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Should Dogecoin buyers wait for a breakout past this psychological level before bidding?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure of Dogecoin was bullish. The lower timeframe analysis showed $0.085-$0.09 to be a support zone. Bitcoin [BTC] continued to trade beneath the $23k mark. While...
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MANA shows signs of a pullback, where can bulls look to enter next?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The lower timeframe market structure of MANA was bullish. The $0.75 level acted as support- but will it be broken soon in a pullback?. Decentraland has performed strongly...
ambcrypto.com
Solana posts losses over the past week, but here’s why buyers are interested
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The higher timeframe market structure remained bullish. Demand is likely to be seen on a dip to $22.7. Solana traded within a range formation. Longer-term investors have reasons...
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GRT plots rising graph as it surges 30% in 24 hours: More to come?
The Graph (GRT) has surged over 100% in value in February so far. The token was overvalued at press time. Following a decline in value in 2022, The Graph [GRT] has recovered alongside the rest of the cryptocurrency market. The value, however, has been rising even more rapidly since the beginning of February 2023. So, to what ends might this be happening, and what might the future hold?
ambcrypto.com
NFT transaction sends biggest shock on Bitcoin network in recent history
The largest Bitcoin transaction turns out to be an NFT. Bitcoin bulls cool off but golden cross might heat things up again. While everyone and their cat were focused on whether Bitcoin would kick off February with renewed upside or retracement, something interesting happened. The Bitcoin network registered the largest block in the last four months.
ambcrypto.com
Solana’s ‘bull trap’ risks pushing SOL down by about 20%
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. SOL’s price has tripled since January. It could face a correction because of a key metric divergence and a bearish pattern. Solana [SOL] bulls should be ready...
ambcrypto.com
Ethereum [ETH] bulls, watch for a reaction at these levels to buy
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The 4-hour market structure is bearish. Buyers can await a deeper pullback, while sellers watch the $1680 mark. Ethereum has shown substantial volatility over the past week as...
ambcrypto.com
XRP retests support zone: Bulls can look to book profits here
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. XRP consolidated beneath the highs of a range over the past three weeks. This consolidation can see a breakout provided Bitcoin defends $22.3k. Ripple [XRP] saw some volatility...
ambcrypto.com
XRP could enter a price correction in the next few days, here’s why
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. XRP exhibited divergence on key price chart technical indicators. The token saw an increased building on the network, but investors’ confidence declined. Ripple [XRP] could face a...
ambcrypto.com
BNB outperforms ETH in this area, but where is the catch
Despite beating Ethereum, BNB’s DAU was declining. BNB’s RSI and stochastic were overbought, which was bearish. Binance Coin [BNB] outperformed the king of altcoins, Ethereum [ETH], by a huge margin in terms of daily active addresses. As per CoinMarketCap, BNB’s daily active users exceeded 815,000, while Ethereum and Polygon [MATIC] reached 344,000 and 277,000, respectively.
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MATIC approaches the lows of a near-term range, what next?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The lower timeframe market structure was bearish. The presence of the range lows and bullish breaker can see recovery toward the range highs. Bitcoin is likely to see...
ambcrypto.com
Aptos’ [APT] 350% performance could finally meet a stumbling block- Here’s why
The decline in CMF and Aroon shows that the APT rally was on the verge of an end. Sentiment trended negative, but whales sustained buying momentum. The incredible performance by Aptos [APT] since the start of 2023 could eventually come to a halt, as per a 6 February Santiment insight. For holders of the Layer-one (L1) token, the few days in 2023 would be that would last in their memory. According to CoinMarketCap, APT’s 30-day performance was a monumental 302.31% increase.
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The Sandbox [SAND] sees large inflows into exchanges: Good news for investors?
The Sandbox saw close to 100 million inflows into exchanges in recent days. The token unlock event coming up in a few days might be a motivating factor. The value of The Sandbox [SAND] increased significantly at the start of 2023. Nevertheless, price movement has slowed recently, and a review of several crucial parameters revealed that some significant events for the game token might take shape.
ambcrypto.com
Bitcoin’s trillion dollar dream: Decoding if it can be a reality
ARK report predicts trillion dollar future for Bitcoin. Positive sentiment among investors and traders suggests a bright future for the king coin. The recent surge in the price of Bitcoin has reignited the belief that the leading cryptocurrency could become a trillion-dollar market in the future. ARK Research’s report takes...
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Ripple’s CTO confirms ‘never happening’ proposal as XRP momentum slides
Ripple’s development head held the firm’s ground on the global reserve currency proposal. XRP’s momentum drifted towards the reds. A section of the Ripple [XRP] community has long hoped for approval for the token’s buyback proposal since 2021. But all that desire may now be a pipe dream as the project’s Chief Technology Officer (CTO) put a nail to the coffin.
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How SingularityNET [AGIX] built momentum amid rising ChatGPT traction
AGIX topped social volume among all assets in the seven days. The token direction might continue in an upturned despite being overbought. Blockchain-powered AI token SingularityNET [AGIX], on the premise of the ChatGPT adoption, increased 680% in the last 30 days. Yes, the surge in value may not be surprising as it’s not the first time that breakthroughs in other sectors impact tokens linked with them.
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Ethereum’s future hinges on validators amidst declining interest and market trends
Ethereum network’s validator numbers remained steady despite bear market. Decreased whale interest, network growth, velocity, and trader sentiment raised concerns. Validators on Ethereum [ETH] could play a significant role in the network’s future. New data on 6 February suggested that the number of new validators added to the network remained constant in 2022, even during the bear market.
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Evaluating whether this new proposal can help SUSHI beat the bears
SUSHI Vesting Merkle Tree Clawback passed implementation with over 99% support. A few metrics and market indicators were bullish, but SUSHI’s daily chart was red. On 6 February, SushiSwap [SUSHI] announced that its proposal for Sushi Vesting Merkle Tree Clawback got approved for implementation. Realistic or not, here’s SUSHI’s...
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Interest in digital assets unabated with multiple weeks of consecutive inflows: Report
Digital asset investment products logged the fourth week of consecutive inflows last week. There has been a significant increase in investments in short-bitcoin, indicating that a substantial number of investors remain uncertain about the future trajectory of the market. Inflows into digital asset investment products totaled $76 million last week,...
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