UNI Shows Signs of Rebound After Crashing 57%; What’s Ahead?
UNI logged a strong reversal in the running week after crashing by 57 percent in just four days of trading earlier this month. The UniSwap’s governance token was trading about 30 percent higher from its session low at $3.68. Traders came back to raise their bids for the crypto as its rivals in the decentralized […]
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Yearn Finance’s native token YFI showed fresh signs of recovery after crashing by up to 72 percent from its all-time high near $44,000. The decentralized finance cryptocurrency surged by as much as 16.08 percent in the last 48 hours of trading, hitting a local high near $15,171. Its price moves remained volatile, nonetheless, as they […]
Bitcoin has been causing the entire crypto market to see some uncertainty, which has had grave impacts on Ethereum and many other altcoins Ethereum is now consolidating alongside the benchmark crypto as it trades within the $350 region Where it trends next will likely depend on whether Bitcoin breaks out, or breaks down, from its range between $10,600 and $10,800 One analytics platform is noting that data shows Ethereum’s social volume is crashing at the […]
DeFi tokens like Chainlink and Yearn.Finance dominated the crypto market all throughout the summer months. But a recent shift in sentiment has prompted investors to derisk and these same coins have been crashing deeply. And while there’s no certainty that a reversal is near, a buy setup has triggered on these two once top-performing tokens that could at least provide a dead cat bounce it the short term. Chainlink Readies Rebound Following 50% Fall From […]
Bitcoin traders should get used to facing more shocks from Treasury markets even as the cryptocurrency goes through a strong rebound phase.
Here's a look at what we are focusing on in the bitcoin price this evening. Well, this is getting a bit frustrating. Price seems to want to weigh to the downside, even though we want it to hit 800 so much. Shows how much influence we have. The chart below shows action during the European session today. It’s basically gone as follow: break, consolidation, break, consolidation. We’re currently trading just ahead of the 740 mark, and it’s looking like sentiment is very much to the downside right now. Not too much of an issue for our intraday operations, but a little frustrating on the longer....