Coins

OMG Network Technical Update: OMG/USD Seeking Higher Support Following A 225 Percent Rally In 7 Days

August 21st, 2020

OMG Network has become the cryptocurrency of the week following a massive rally that seems unstoppable. In the last 24 hours alone, OMG has increased in value by more than 78% to record a monthly high of around $6.6. According to the data provided by CoinMarketCap, the crypto asset has rallied 225% in the last…

Ripple Technical Analysis: XRP/USD False Channel Breakout? Recovery Stalls Short Of $0.30

August 20th, 2020

Ripple like Bitcoin scaled several barriers after this week after bulls built on the consolidation experience last week above the key support at $0.27. The recovery movement saw XRP climb above $0.30 and this time it sustained the gains. The leg up extended past $0.32 before the resistance experienced early in August came into the…

Chainlink Technical Analysis: LINK/USD Tumbles To $15 After Forceful Rejection From $20

August 19th, 2020

Chainlink made a remarkable move this month, trading new all-time highs at $20. Unfortunately, the bulls lacked the momentum to sustain gains above this level, leaving LINK open to devouring by the bears. A reversal occurred on Tuesday, sending LINK downward within a descending channel. Fortunately, buyer congestion at the 38.2% Fibonacci level, of the…

Ethereum Price Forecast: ETH/USD Double-Top Pattern Rejection Retests $430, What Next?

August 18th, 2020

Ethereum price action in the last two days has been building on the support established above $410. Although there was a struggle to hold above $420, Bitcoin price breakout to highs of $12,492 carried the entire market upwards including ETH. The second-largest cryptocurrency by market capitalization rose to trade new yearly highs at $447. Recently,…

Ripple Price Forecast: XRP/USD Must Reclaim $0.30 To Get The Bullish Mojo Going – Analyst

August 17th, 2020

Ripple has in the past few days remained lethargic in its price action. These mundane trading activities around $0.30 come after Ripple ascended to highs around $0.3250. Looking back (approximately two months), the third-largest cryptocurrency has performed relatively well from June lows traded at $0.1686. The bullish action continued over the month of July with…

Waves Technical Analysis: WAVES/USD Hits Vital Make Or Break Level, Is the $4.0 Level Within Reach?

August 14th, 2020

Waves an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions have been attracting a lot of attention lately mainly due to the ballistic price action seen over the past few days. The network’s native token broke out extensively from July consolidation range between the support at $1.0 and the resistance…

ETC Group’s Bitcoin ETP Hits $49 Million Assets Under Management in Two Months

August 14th, 2020

Etc Group said Wednesday that its centrally cleared bitcoin exchange-traded product (ETP) has accumulated up to $49 million in assets under management since launch on June 18, 2020. The contract, known as Bitcoin Exchange Traded Crypto (BTCE), tracks the price of BTC and is 100% physically backed by the cryptocurrency. It started trading on Deutsche…

Chainlink Technical Analysis: LINK/USD Blasts New All-Time Highs But This Rising Wedge Pattern Spells Doom

August 13th, 2020

Chainlink is arguably the best performing cryptocurrency in the market this August. It is giving major assets such as Bitcoin, Ethereum and Ripple a run for their money. For instance, at the time of writing, LINK/USD has surged over 27% to trade at $16.41. This follows a minor retreat from highs around $17.00. A bounce…

Compound Price Analysis: COMP/USD In A bullish Phase Despite Rejection From $247 Monthly High

August 12th, 2020

Compound roared to highs above $240 towards the end of the American session on Tuesday. The Asian session on Wednesday has been characterized by increased seller dominance to the extent a reversal occurred with declines making it under $220. On the positive side, support seems to have been established above the 61.8% Fibonacci retracement level…

Chainlink Competitor Band Token Grows 300 percent in 7 Days Setting New ATH

August 11th, 2020

BAND, the native token of the Band Protocol, has grown by more 300% in just seven days. At the at time of writing, the token traded at $14.50 against the August 3 trading price of $3.86. On August 10, the token also touched a new high of $17.78 while the 24 hours traded volumes were…