Author: Nancy Lubale

The popular memecoin, Dogecoin (DOGE), has been relatively quiet during the recent altcoin market rally. However, don’t let that fool you, as it appears that Dogecoin might just be gearing up for a powerful breakout on the technical set up. The DOGE price is below key support levels, suggesting that overhead pressure could be suppressing the price. Fortunately for bulls, the price has formed a bullish chart pattern that can result in a significant upward move if confirmed. Dogecoin Holders Could Exploit A Rounded Bottom To $0.09 A look at Dogecoin’s price action on the daily timeframe reveals the formation…

The world’s biggest cryptocurrency Bitcoin (BTC) by market capitalization is largely sluggish with its price revolving around $30,000. Exchanging hands at $29,893, the big crypto is down a mere 0.6% over the last 24 hours. Its trading volume has risen 32% to $15 billion over the day after shrinking to $11 billion on Thursday. Bitcoin’s market capitalization stands at an impressive $579 billion, and the digital asset has experienced a cumulative loss of 4.96% over the past seven days. Where Could Bitcoin Be Headed Next? Bitcoin’s price continues to fluctuate within the same supply zone, with bullish sentiments holding firm…

PEPE price remains stuck in between major SMAs after crashing 23% over the last four days. Currently, bulls are trying to recoup the losses with $0.0000015 psychological level providing strong support for the meme coin. This points to a sustained rebound that could see Pepe rise above key hurdles. PEPE Price Bulls Target a Climb to $0.00000195 Pepe price dropped 23% from the $0.00000195 swing high set on July 14, a sell-off that was halted by buyer congestion around the $0.0000015 psychological level. During this descent, the frog-themed crypto lost key support levels including the 50-four-hour simple moving average (SMA)…

Bibance Coin (BNB) trades at $247, up 5.5% over the last 24 hours with a daily trading volume of $882 million. BNB, the token that powers the Binance Smart Chain (BSC), has risen 0.45% over the past week and is currently trading 3% above its level 30 days ago. The token has, however, had a rough start to the year as it faces increased regulatory scrutiny globally. This coupled with the effects of the 2022 “crypto winter” has seen Binance Coin drop 23% over the last three months and 13.2% over the last six months. With a market capitalization of…

XRP price went ballistic on Thursday after a US Judge ruled that it is not security when sold on exchanges. The Ripple Labs token rallied 101% from yesterday’s opening at $0.471 to set a swing high at $0.947. At the time of writing, XRP had pulled back to $0.769, up 67% in the last 24 hours. With a market capitalization of $41.4 billion, XRP has reclaimed its position as the third largest non-stablecoin cryptocurrency on the CoinMarketCap ranking. Other tokens which had been listed as securities by the US Securities and Exchange Commission (SEC) in the lawsuits it brought against…

Ripple (XRP) fate hangs on a cliff after the judge in the SEC vs LBRY case failed to rule on the status of the LBC token. Following the ruling, XRP price dropped 2.45% on Wednesday from $0.475 to a low of $0.464. At the time of writing, the remittances token is trading at $0.470 down on the day. The price is consolidating in a bearish triangle that projects further declines toward $0.394 as the journey to $1 gets more and more difficult. XRP Price Turns Down After SEC vs LBRY Ruling The final ruling on the SEC vs LBRY case…

Binance Coin (BNB) had been trading in a tight range over the last 30 days with a key level under pinning the price. The bearish sentiments arising from the regulatory challenges the Binance crypto exchange has been witnessing around the globe have added healdwinds to BNB’s price. At the time of writing, the exchange coin was hovering around $249, up 1.1% on the day and 2.39% over the last seven days. Binance Coin has drop 23% over the last three months and 13.2% over the last six months. With a market capitalization of $38.8 billion, BNB remains the third largest…

You might be aware that any discussion around cryptocurrencies always revolves around the two largest cryptos by market capitalization, Bitcoin (BTC) and Ethereum (ETH). It is obvious that Bitcoin is a favorite amongst those looking for a peer-to-peer (P2P) electronic payment system and is preferred as a digital store of value, overshadowing Ethereum, but ETH still has a lot to offer. Ethereum advocates usually look at it as more than just a crypto and believe that it has a wide variety of use cases, huge intrinsic value and provides unique earning opportunities to its investors. As such, the large altcoin…

Ethereum (ETH) set a swing high at $2,140 in April. Since then, the largest altcoin by market capitalization has neither revisited the 2023 high nor closed above the $2,000 mark, but recoiled above the $1,800 support level. Short-Term Consolidation For Ethereum? Ethereum price has been consolidating above the $1,800 zone, oscillating above and below the 100-day Simple Moving Averaged (SMA) while the 50-day SMA provides dynamic support. The daily Bollinger Bands (BB) added credence to Ether’s consolidation. This was illustrated by the squeezing of the Bollinger Bands, indicating decreasing price volatility. Moreover, the horizontal flattening of the moving averages validated…

As Bitcoin (BTC) consolidates above a key support level, investors are waiting to see the direction the big crypto will take. The technical set up and on-chain metrics point to a stiff barrier ahead with a possibility of a 10% retracement before BTC continues its upward journey. Bitcoin Price Bulls Frustrated By the $32,000 Level BTC price is at an inflection point as it trades within a major supplier congestion zone stretching from $30,000 to $32,000. Note that this is a very significant resistance zone which has rejected the Bitcoin price twice in the recent past. After the may 2022…