At $45,000, there’s a degree of resistance that might stop the current advance. Central banks would taper quantitative easing and

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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 earning its lifetime milestone on 2 September, Cardano (ADA) has been on a steep descent that practically moved it below all its EMA ribbons. Over the last 19 days, ADA has formed a bearish […]

The price of Chainlink (LINK) has resumed its sideways trend as buyers emerge in the oversold region. On January 24, the downtrend eased as the altcoin fell to a low of $13.47.

The price of Dogecoin (DOGE) is trading in a narrow range at the bottom of the chart.

Bullish FLOW price prediction is $7.28 to $13.11. The FLOW price will also reach $15 soon. FLOW bearish market price

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The entire cryptocurrency market is off to a rocky start in 2022. Bitcoin notched a three-month low as global markets continued their New Year sell-off due to different factors. Ethereum fared even worse to start 2022, down nearly 18% following hawkish Federal Reserve meeting minutes. Macroeconomic factors to rescue  The Buck, #Bitcoin & #Ethereum — Bloomberg's […]

The ENJ coin price breaks above the long-coming falling wedge pattern resulting in an overnight trend reversal, aiming to break above the $2 mark. Co-founder of Enjin, Witek Radomski authored the code to create one of the very first Non-fungible Tokens (NFTs) in the world. He is the co-author of the ERC-1155 Ethereum token standard. Based on an on-chain platform and a blockchain infrastructure, the Enjin ecosystem allows businesses and game developers regardless of size to make use of tokenized digital assets in the course of their engagement, acquisition, retention, and strategies for monetization. The Enjin ecosystem is powered through Enjin Coin, an e-currency used to support the worth of blockchain-based assets. Let us move ahead to read about ENJ technical analysis. Past Performance of ENJ The ENJ coin price action makes a follow-through candle of the morning star pattern made slightly below the resistance trendline of the falling wedge. The morning star and the follow-through candles result in a price jump of over 15%. Thus, resulting in the breakout of the falling wedge pattern in the daily chart.  ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price action breaks above the long-coming falling channel pattern in the daily chart. Therefore, traders can expect the post-breakout rally to break above the $2 psychological mark. The crucial Exponential Moving Averages (50 and 200-day) showcase a death cross in the daily chart as the EMAs maintain a falling trend. However, the price jump may shortly reverse the trend in EMAs.  The RSI indicator indicates that the slope is increasing over that 14 day-SMA as well as the centerline of the daily chart. The increase is after the bullish divergence that is seen within the band. So, a continuation in the bullish direction could be likely. The Stochastic RSI indicator shows the K and D line undermining the previous bearish crossover as the K line gives a bullish crossover with the D line. The lines remain in the overbought zone reflecting a boom in underlying bullishness.  In a nutshell, the technical indicators represent the bulls taking over the ENJ price trend with the falling wedge breakout. Therefore, traders can expect a pst-retest rally. Upcoming Trend The ENJ technical analysis shows the coin price action demonstrating a bullish breakout of the falling wedge pattern in the daily chart. However, the price is yet to retest the breakout, that is why a reversal in the upcoming days is possible.  Buyers at the current price can expect a target above the $2 mark, close to the $2.15 horizontal level. However, the bearish influence by the death cross can result in a retest prior to the bullish rally.

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Uniswap (UNI) has been trading in a sideways trend for the past two weeks.

The BTC price successfully continues the uptrend after the retest of the falling wedge breakout. The rally breaks above the $40K and aims to head higher.  The most distinctive benefit of Bitcoin comes because it was the first cryptocurrency to hit the market. It has been able to establish an international community and gave birth to a completely new business sector with millions of passionate users who invest, trade, and utilize Bitcoin and other cryptocurrencies in their daily lives. The first cryptocurrency has provided an idea and a technological foundation that later influenced the creation of a multitude of different projects. Let us move ahead to read about BTC technical analysis. Past Performance of BTC The BTC price action retests the bullish breakout of the falling broadening wedge pattern within a morning star pattern. The bullish reversal with the morning star resulted in a price jump of more than 11%. Moreover, the price breaks above the crucial $40K mark.  BTC/USD Daily Chart BTC Technical Analysis The BTC price shows a slight retracement to retest the bullish breakout of the $40K in the price chart. However, traders can shortly find the price giving a lower price rejection to continue the uptrend.  The crucial Exponential Moving Averages (50, 100, and 200-day) showcase a bearish alignment in the daily chart. The price jump aims to break above the 50-day EMA (red) to reinstate the uptrend.  The RSI indicator shows a sharp increase in the slope as it breaks above the 14-days SMA and the central line in the daily chart. Therefore, the indicator reflects a boom in the underlying bullishness.  The MACD indicator shows the MACD and signal lines rising higher towards the zero line after the bullish crossover. Moreover, the increasing trend of bullish histograms showcases a rising buying pressure.  In a nutshell, the technical indicators and the sudden increase in buying pressure reflect a potential uptrend that may reach the $45K mark shortly.  Upcoming Trend The BTC price action finds a sudden increase in demand after the retest of the falling wedge pattern and breaks above the $40K mark. This improves the overall market sentiment and increases greed among investors.  As per the Bitcoin price action, the crucial support levels are at $40K and $38K. And, on the upside, the rising uptrend can find opposition near the $45 and $48K.

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In the last 48 hours, the price of Polkadot (DOT) has made desperate efforts to overcome the high of $20. Since January 22, the cryptocurrency's price has fluctuated between $16 and $20.

The GALA coin price shows a bullish breakout of the consolidation range in the daily chart. Will the sudden burst of buying pressure reach the $0.30 mark? Gala Games isn’t just one game, but rather, it is a range of games that put the fun first and blockchain at the back.  Users can use Gala Nodes, which are part of the Gala network. In exchange, they can earn rewards such as GALA Limited Edition NFTs, and other opportunities. The Gala Node ecosystem consists of three proof node systems: proof-of-work (PoW) and Proof-of-Stake (PoS) along with proof-of-storage. Let us move ahead to read about Gala technical analysis. Past Performance of GALA The GALA coin price action shows a growth of more than 30% in the past 48 hours, resulting in the consolidation range breakout. The rally breaks and reaches the crucial psychological mark of $0.25. Moreover, the recent jump creates a bullish engulfing candlestick in the price chart as it aims to surpass the 100-day EMA.  GALA/USD Daily Chart GALA Technical Analysis The GALA coin price action shows an incredible breakout of the accumulation range between the $0.18 and $0.22 marks. The price jump creates a phenomenal follow-through candle of the morning star pattern made at the bottom of the range.  The coin price breaks above the 20-day Exponential Moving Average and rises higher to breach the 100-day average. Moreover, the 50 and 100-day EMAs maintain a bullish alignment in the daily chart.  The RSI indicator shows the slope rising above the 14-day SMA and the central line in the daily chart. The jump comes after the bullish divergence seen within the range. Therefore, a bullish continuation is possible.  The DMI indicator shows the +DI crossing above the -DI in the daily chart proposing a bullish trend reversal. However, a falling slope in the ADX reflects a weakness in the trend momentum. In conclusion, as per the technical indicators, the bullish breakout of the range will show continuation on the upside. Upcoming Trend The GALA coin price broke the horizontal level of $0.22 with a significant price jump in the past 24 hours. Hence, the rising trend can shortly breach the $0.25 psychological mark and regain the bullish momentum.  Traders can expect the uptrend to reach the $0.30 to $0.35 mark if the trend momentum increases. However, a retest of the range breakout to $0.22 is also possible.

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