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The Descending Triangle From Solana is a Sign of a Deeper Sell-off

The Descending Triangle From Solana is a Sign of a Deeper Sell-off

The broader market downturn was mirrored by Solana, which dropped 5.7 percent in the last 24 hours. Furthermore, if the 200-SMA (green) fails to protect against further losses, a descending triangle setup exposes the market to a more significant retracement. This conclusion was supported by sell signals on the RSI, MACD, and Aroon, all of which gave sell signals. After …

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Bitcoin

Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K

Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support. Bitcoin started a fresh decline from the $66,400 resistance zone. The price is now trading well below $65,000 and the 100 hourly simple moving average. There was a break below a major rising channel with …

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Crypto Corner: The Sports Slice

While there wasn’t a large amount of volume in the sports and crypto landscape over the past week, there were still some very notable headlines. Coinbase found themselves a new non-traditional sports partner, just a couple short weeks after securing the NBA as a partner, and fan tokens could be on the rise. There’s just a few stories that made …

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Crypto Corner: The Sports Slice

While there wasn’t a large amount of volume in the sports and crypto landscape over the past week, there were still some very notable headlines. Coinbase found themselves a new non-traditional sports partner, just a couple short weeks after securing the NBA as a partner, and fan tokens could be on the rise. There’s just a few stories that made …

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Ethereum

Ethereum Recovers Losses, Why ETH Could Aim A Test of $5K

Ethereum recovered losses and climbed above $4,700 against the US Dollar. ETH must clear the $4,850 resistance for a move towards the $5,000 level. Ethereum started a fresh increase above the $4,650 and $4,700 levels. The price is now trading above $4,700 and the 100 hourly simple moving average. There is a key rising channel forming with support near $4,735 …

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Bitcoin

Bitcoin Extends Correction, Why The Bulls Might Take Back Step

Bitcoin price started a downside correction below $66,000 against the US Dollar. BTC might extend its downside correction towards $62,000 in the near term. Bitcoin started a downside correction below the $66,000 and $65,000 levels. The price is now trading below $65,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with …

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Litecoin hits 6-month high as LTC price soars 20% in 24 hours

Litecoin hits 6-month high as LTC price soars 20% in 24 hours

Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears.#Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng— Holger Zschaepitz (@Schuldensuehner) November 9, 2021 The …

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