A bearish breakdown from the ascending trendline indicates the continuation pattern has resulted in favor of MANA sellers. In addition, the retest phase validated the prior support trendline has flipped to resistance. Can traders sustain the bearish momentum to reach the January bottom support($2)?
As winter moves into spring, will the longer days and blooming flowers perhaps wield a positive influence on investor sentiment? Here’s what the data had to say.
In a surprising turn of events, Immutable X was seen charting gains in an unfavorable market. The ecosystem developments coming from the Layer-2 scalability protocol for NFTs on Ethereum certainly have had a hand in its growth.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Chainlink bulls were hopeful in early February that $15.3 was defended and a longer-term rally might have been initiated. However, their hopes were dashed when the $18 resistance zone simply did not budge. The wider market sentiment has also not been particularly bullish. Quite the opposite, it has been fearful on the longer timeframes. Like many other altcoins, Chainlink was...
The Cardano (ADA) price is trapped within a falling wedge pattern for almost two months. The coin price is close to the pattern’s apex and is poised to give a breakout. The winning party of this tug-of-war will lead the next rally in ADA price.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The longer-term outlook for Polygon on the charts was not positive. This was something that was common across the altcoin market- only a handful of coins have a bullish outlook on longer timeframes. Away from the charts as well, Polygon has seen trouble in recent hours. The previous day brought with it news that a bug had caused the Polygon...
DOT price edges higher with significant gains on Saturday. The price opened higher and recovered quickly to test the session’s high at $18.69. However, trading volume is supportive of the current price action with more than 10% gains. DOT price extends the previous session gains on Saturday. More gains if gives closes above 50-day EMA at $19.42. The price might shoot toward the ultimate target of $22.0. As of press time, DOT/USD is trading at $18.58, with 4.85% for the day.
The Bill allowing European Parliament to ban cryptocurrencies using the proof-of-work (PoW) mining, including Bitcoin (BTC) has made its way back into the draft. As per latest reports, the EU parliament will vote over it on Monday. Earlier, the bill was removed from the Markets in Crypto Assets (MiCA) proposal facing backlash from the crypto community.
One of the world’s biggest blockchains Ethereum is testing a new way to approve transactions. It will be merging the existing Ethereum mainnet with the Beacon chain of the Ethereum 2.0 system. It is scheduled for launch in the second quarter of 2022. However, an exact date has not been disclosed.
Russia-Ukraine conflict is getting deeper day by day. Since the war broke out many countries with the USA have tried to punish Russia with multiple sanctions. The restrictions were an attempt to hit the Russian financial system. However, China came forward to present an alternative to SWIFT. Now Russian Deputy Foreign Minister, Sergei Ryabkov expressed that China is their reliable partner.
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