Price analysis 10/22: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI
BTC and ETH reversed course as both assets search for underlying support, suggesting that bears are attempting to trap over-leveraged bulls. Bitcoin (BTC) and Ether (ETH) have both witnessed aggressive profit-booking after hitting their respective new all-time high. This suggests that traders who had bought on rumors of a Bitcoin exchange-traded fund booked profits following the successful launch of the ProShares’ Bitcoin Strategy ETF (BITO).The bulls tried to stage a recovery in Bitcoin after the launch of the second BTC futures-linked ETF by digital asset manager Valkyrie on Oct. 22 but....
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The price of Dogecoin (DOGE) has continued to remain strong against Tether (USDT) despite growing bearish market sentiment as other crypto assets continue to decline in price. Bitcoin has shown bearish signs after being rejected from $25,200, but the price of DOGE has continued to trend higher with eyes set on the $0.1 mark. Related Reading: Bitcoin And Ethereum Retrace Before Crypto Sentiment Could Reach “Greed” Dogecoin (DOGE) Price Analysis On The Weekly Chart From the chart, the price of DOGE saw a weekly low of $0.052, which bounced from that area and rallied to a price of $0.088....
On Monday, terra (LUNA) rose for its 8th session in nine days, as its value increased by close to 60% over the last week. Anchor (ANC), on the other hand, was lower after climbing by almost 50% in the same period. Biggest Gainer Terra (LUNA) has been one of the standout performers in cryptocurrency markets in recent weeks, despite increased market volatility. Monday’s rally in LUNA/USD saw prices climb to their highest level in over six weeks, hitting the long-term resistance point of $84.70 in the process. This surge comes as the 14-day RSI also hit a hurdle, climbing to its....
DOGE’s price shows strength as it bounces from a downtrend range as price rallied to a high of $0.085 with eyes set on $0.1. DOGE could rally more if the price breaks and closes above $0.1 with good volume, as the price of DOGE looks bullish now. DOGE’s price remains strong on the daily timeframe above the 50 and 200 Exponential Moving Averages (EMA) as the price aims for more rallies. The price of Dogecoin (DOGE) has been one of the standout performers during the past few days, gaining the attention of many traders with the news of Elon Musk finalizing the ownership of....
LUNA has increased by about 300% just these past days, making it appear as if it had risen from the ashes. The feat began on September 9 and ended within a couple of hours. This is a result of a proposal to put a 1.2% token burn tax on all transactions, which will allow LUNC to become a deflationary cryptocurrency, according to a recent tweet from Haily LUNC. Unquestionably, the May-June LUNA crash has influenced the whole crypto community. There is a correlation between LUNA and other crypto stalwarts such as Ethereum if we compare the two. It may not be a price correlation, but rather....
DOGE’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $0.1. DOGE faces a major test to trend higher above $0.1 after the price broke out of its long-range price movement. DOGE’s price remains strong above the 50 Exponential Moving Average (EMA) as it attempts to rally past a key area of $0.1. The price of Dogecoin (DOGE) has remained strong after breaking out of its long-range with good volume as it aims to capture the region of $0.1. The crypto market has appeared more stable this week, with Bitcoin (BTC) and Ethereum (ETH)....