Bitcoin’s volatility sparks a $30 million liquidation surge amid a price struggle. Bitcoin’s recent correction triggered a surge in long liquidations, exceeding $30 million in a day. This surge coincided with Bitcoin failing to exceed the $62,000 price level. Analysts note the strong correlation between this volatility and historical patterns. Bitcoin liquidations spike amid market […]
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 […]
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Sellers oppose buyers again in AUDUSD market AUDUSD Price Analysis – 08 May Buyers may be able to drive AUDUSD up to roughly $0.66 or possibly $0.67 if they are persistent enough to break through the $0.65 barrier. The price may drop to the $0.62 and $0.61 support levels if sellers are successful in pushing […]
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Buyers’ pressure increase further in TRON market TRON Price Analysis – 08 May If the buying trend continues over $0.127, the price of TRON might be able to break through the $0.134 and $0.138 barriers. On the other hand, the price may fall to $0.117 and $0.114 if the declining trend continues below $0.120. Key […]
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 […]
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. […]
SPONGEUSDT market under bulls control SPONGEUSDT Price Analysis – 07 May If the bulls can break above the $0.000358 resistance level, Sponge might increase as far as $0.000400 and $0.000455, respectively. If the bulls are unable to hold onto their gains and break above the $0.000358 mark, the price of the cryptocurrency may suffer a […]
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 […]
