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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Since matching its monthly low following its most recent plummet, Chainlink (LINK) was back to registering gains after bouncing back from its trendline and horizontal support at the $13.5-level. A close below the 23.6% Fibonacci […]
Bitcoin slipped beneath the $44k area and retested it as an area of supply the previous day, and there was selling seen across the crypto market. Terra and STEPN have been on a downtrend on the lower timeframes, while Waves has seen a severe drop that erased a significant chunk of the gains of the […]
How Is Crypto Taxed in the United States? It’s important for investors, including those with cryptocurrency IRAs, to understand how taxes affect their accounts. Cryptocurrencies are treated as property according to the IRS, just like many other investments. Every sale may cause a taxable event, with only a few exceptions. But if you hold your […]
Ethereum’s price has been on a roll after it moved past a crucial resistance barrier. If the bulls can sustain the recent run-up, there is a good chance ETH will revisit $4,000 with more opportunity for gains. Significance of the $3,150-level for Ethereum’s price action ETH has rallied by 34% over the past two weeks […]
A popular play-to-earn metaverse altcoin built on Ethereum is seeing significant gains after project developers revealed plans for community governance. In a new blog post, Axie Infinity (AXS) highlights the game’s tremendous growth over the past year and announces long-term plans to implement what it calls “progressive decentralization” to empower the community. “Players deserve ownership […]
UNI coin price breaks above the long-coming downtrend and the $10 mark with a 30% rally. Will the uptrend sustain to reach the $15 mark? Key technical points: UNI coin price breaks above the long-coming resistance trendline. In addition, the price surpasses the 50-day EMA. Finally, the 24-hour trading volume of Uniswap is $245 Million, marking a 25% fall. Past Performance of UNI UNI coin price shows a double bottom breakout-led bullish reversal from the $8 support level resulting in a price jump of 30%. The rally breaks above the long-coming resistance trendline marking a bullish milestone after a fatal downtrend. Moreover, it surpasses the 50-day EMA, which has provided a constant dynamic barrier. Source-Tradingview UNI Technical Analysis UNI coin price shows a retest phase of the trendline and the $10 breakout with a dragonfly candle of 1.92% retracement. Hence, a post-retest reversal rally may start shortly that may surpass the 100-day EMA. Uniswap token rally challenges the bearish aligned EMAs and outperforms the 50-day EMA while ready to approach the 100-day EMA. However, a potential rise to the 200-day EMA is possible with the $12.5 breakout. RSI Indicator: The RSI slope starts a remarkable journey with the bullish divergence generated at the $8 bottom. The rally approaches the overbought boundary and reflects a boom in buying pressure. MACD Indicator: The MACD and signal lines continue the bullish uptrend by undermining two bearish crossovers. Hence, the positive histograms continue to grow despite a few bearish dips. In brief terms, the UNI technical analysis shows a potential trend reversal possibility. Upcoming Trend UNI coin price gains bullish attention with the long-coming resistance and the $10 breakout that may result in a bullish rally. Post-retest, the rally aims at $12.50. A firmer bullish grip could drive the prices higher to the 200-day EMA closer to $16. Hence, the rally shows a 20-45% price jump potential. However, price succumbing under the 50-day EMA will rectify the rally and result in a downtrend to the $8 mark. Support Levels: $10 and $8 Resistance Levels: $12 and $16
UNI coin price breaks above the long-coming downtrend and the $10 mark with a 30% rally. Will the uptrend sustain to reach the $15 mark? Key technical points: UNI coin price breaks above the long-coming resistance trendline. In addition, the price surpasses the 50-day EMA. Finally, the 24-hour trading volume of Uniswap is $245 Million, marking a 25% fall. Past Performance of UNI UNI coin price shows a double bottom breakout-led bullish reversal from the $8 support level resulting in a price jump of 30%. The rally breaks above the long-coming resistance trendline marking a bullish milestone after a fatal downtrend. Moreover, it surpasses the 50-day EMA, which has provided a constant dynamic barrier. Source-Tradingview UNI Technical Analysis UNI coin price shows a retest phase of the trendline and the $10 breakout with a dragonfly candle of 1.92% retracement. Hence, a post-retest reversal rally may start shortly that may surpass the 100-day EMA. Uniswap token rally challenges the bearish aligned EMAs and outperforms the 50-day EMA while ready to approach the 100-day EMA. However, a potential rise to the 200-day EMA is possible with the $12.5 breakout. RSI Indicator: The RSI slope starts a remarkable journey with the bullish divergence generated at the $8 bottom. The rally approaches the overbought boundary and reflects a boom in buying pressure. MACD Indicator: The MACD and signal lines continue the bullish uptrend by undermining two bearish crossovers. Hence, the positive histograms continue to grow despite a few bearish dips. In brief terms, the UNI technical analysis shows a potential trend reversal possibility. Upcoming Trend UNI coin price gains bullish attention with the long-coming resistance and the $10 breakout that may result in a bullish rally. Post-retest, the rally aims at $12.50. A firmer bullish grip could drive the prices higher to the 200-day EMA closer to $16. Hence, the rally shows a 20-45% price jump potential. However, price succumbing under the 50-day EMA will rectify the rally and result in a downtrend to the $8 mark. Support Levels: $10 and $8 Resistance Levels: $12 and $16
XRP price earlier followed a substantial uptrend through ever since it managed to spike in the past couple of days. However, the asset consolidated for a while and currently shed most of its gains but quickly shed a huge amount of its value, yet sustains above $0.8. while the bears have capitulated the market, the …
Bitcoin Price Prediction – March 25 After a sudden and bullish price spike, the Bitcoin price prediction moves to cross the long-awaited $45,000 resistance. BTC/USD [...]