Market Analysis – May 7 GBPUSD daily chart featured a Judas swing pattern that emerged in March, marking a notable market development. Preceding this, the market underwent a period of consolidation spanning from November to February. However, in a deceptive turn of events, the price broke out to the upside of this range, creating false […]
Chainlink (LINK) shows resilience amidst massive token transfers as trading volume surges. In a recent development, Whale Alert, a leading blockchain transaction monitoring platform, has reported a substantial movement of LINK tokens. A staggering 3.7 million LINK tokens, valued at over $53 million, were transferred between undisclosed wallets, sparking speculation within the crypto community. Over […]
Market Analysis – May 8 In retrospect, the NAS100 index transitioned into a bullish trajectory back in November. This upward momentum was substantiated by the breach of short-term Moving Averages (Periods 30 and 50) and long-term Moving Averages (Periods 100 and 128). Throughout this period, the short-term Moving Averages acted as a steadfast support, guiding […]
Dogecoin (DOGE) Price Long-term Prediction: BearishThe Dogecoin (DOGE) price has fallen below the moving average lines as it faces rejection at $0.17. On May 1, the bears plunged the altcoin to a low of $0.12, prompting bulls to buy the dips. The bullish momentum broke above the moving average lines, but it was stopped at […]
The Rocket Pool token has landed in the second spot on the top crypto-movers list. This token has experienced a price increase of just 3.07%. Meanwhile, the price chart for this token shows that more traction may be gained in the market, with more movement expected. RPL Statistics: Current Rocket Pool Value: $21.11 RPL Market Cap: $437,926,412 Rocket Pool […]
Market Analysis – May 8 AUDJPY witnessed a sudden price decline subsequent to reaching the resistance level of 105.00. The presence of a wick on the candle’s body, extending into the supply zone, signified sensitivity and rejection. Subsequently, the market experienced a dip to 100.0, where the price found support, thereby reaffirming its bullish stance. […]
EUR/JPY Significant LevelsResistance Levels: 164.00, 166.00, and 168.00 Support Levels: 158.00, 156.00 and 154.00 EUR/JPY Price Long-term Trend: BullishThe EUR/JPY pair has risen above the moving average lines as it recovers above level 165.57. During the last price activity, the Yen was in an uptrend and soared to a level of 171.58. The currency pair fell […]
Quant Price Forecast: May 5 The Quant price forecast is for more periods of consolidation in the market before the buyers gain momentum for a breakout. Quant Long-Term Trend: Bullish (1-day Chart) Key Levels: Zones of supply: $117.60, $142.10 Zones of Demand: $95.80, $87.60 Quant was plunged into a consolidation zone between key levels. The […]
Render Network (RNDRUSD) is witnessing a bullish market surge due to its pivotal role in rendering services and Artificial Intelligence (AI). As the primary currency within the Render Network, the RNDR token facilitates rendering payments and incentivizes GPU contributions, enhancing its value proposition. Exploring $RNDR: The Powerhouse Token Driving the Decentralized Render Network’s AI Potential […]
