Altcoins soar while Bitcoin and Ethereum price stall near key levels
Altcoins moved higher while a lack of buy volume prevented Bitcoin and Ethereum price from breaking out after the completion of a bullish inverse head and shoulders pattern. On May 26 the the bullish momentum that had propelled Bitcoin and altcoins into a relief rally was somewhat subdued as traders remain unsure of what may happen next. After an early morning attempt by Bitcoin bulls to drive (BTC) price above $40,000 was met with stiff resistance, the digital asset lost momentum and slumped back to the $38,000 support level. BTC/USDT 4-hour chart. Source: TradingViewDespite the continued....
Related News
APE’s price fails to rally high as the price continues to stall in its price movement despite the market looking green across boards. APE’s price continues to trend below key support as the price tries to build more strength to overcome this area of resistance that has held the price from rallying. APE’s price remains indecisive on the daily timeframes as the price trades below the 50 and 200 Exponential Moving Averages (EMA). The price of Apecoin (APE) has failed to rally like other altcoins in the past few weeks as the price continues to stall in its price movement....
AXS’s price needs to rally high as the price continues to stall in its price movement despite the market looking green across boards. AXS’s price continues to trend below key support as the price tries to build more strength to overcome this area of resistance that has held the price from rallying. AXS’s price remains indecisive on the daily timeframes as the price trades below the 50 and 200 Exponential Moving Averages (EMA). Axie Infinity (AXS) has recently struggled to rally like other altcoins, as the price continues to stall, with little hope of a rally to a high....
SOL’s price fails to rally high as the price continues to stall in its price movement despite the market looking green across boards. SOL’s price continues to trend below key support as the price tries to build more strength to overcome this area of resistance that has held the price down. SOL’s price remains strong on the daily timeframes as the price trades below the 50 Exponential Moving Average (EMA). The price of Solana (SOL) has yet to show some good price action to the upside as the price has continued to stall in its price movement as the crypto market....
In previous weeks, the crypto market looked like it was set to lose its key support with major altcoins such as Bitcoin (BTC), Ethereum (ETH), and other altcoins at the brick of losing their support area holding price sell-offs. Despite the uncertainty, some altcoins have continued to look green at the face of any litmus test. Let us discuss on top 5 cryptos you should pay attention to this week. Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and never invest more than what you can afford to lose. Related Reading: NEAR....
Bitcoin price is just under $35,000 and altcoins like Ethereum, Litecoin, and many DeFi tokens are once again heating up. The combined capital pouring in has resulted in the total crypto market cap within striking distance of $1 trillion. When the asset class finally reaches $1 trillion in value, will the rest of the world of finance finally begin paying attention to more than just Bitcoin? Bitcoin Institutional FOMO Takes Top Cryptocurrency Cap To $640 […]