Moonvember: Small Cap Altcoins Lag Behind Solana, Binance Coin, and Others
November has been a good month for both bitcoin and altcoins. Some have done better than others though. The altcoin market has seen tremendous growth in just the first week of the month, with the top altcoins recording growth up to 50%. This has pushed both the small, mid, and large cap indexes as coins […]
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It’s official, this was Binance Coin’s year. There are no two ways about it, BNB crushed it throughout 2021 and cemented itself as the third more popular coin in the world by market capitalization. Not a small feat, considering the phenomenal year that altcoins had. Several projects had their moment in the sun, capturing capital, headlines, and attention. No one got near Binance Coin, though. Binance Coin's stellar performance | Source: The Weekly Update According to Arcane Research’s The Weekly Update: “Bitcoin may have beaten the stock market in 2021, but it has been left in the....
BNB’s price loses its $340 support as the price trades to a region of $290 before bouncing off this region. BNB’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. BNB’s price remains weak across all timeframes as the price trades slightly above the 50 Exponential Moving Average (EMA). Previous weeks saw the price of Binance Coin (BNB) outperform Bitcoin (BTC). Most altcoins trend higher as many produced gains of over 200%, including Binance Coin (BNB) rallying from a region of $300 to a....
SOL’s price struggle to reclaim a key support area of $30 after losing this region. SOL breaks below a descending triangle as the price looks weak despite Bitcoin (BTC) dragging market prices upwards. The price of SOL respects the resistance line as the price trades below 50 and 200 Exponential Moving Averages (EMA). The price of Solana (SOL) has had a difficult start to October despite many traders and investors speculating the month to be fruitful for most crypto, including Solana (SOL), calling it names like Uptober. The crypto market, including the big players like the likes of....
Solana price has finally broken past the $30 price mark and flipped that level into a support line. SOL has gained 6% in the last 24 hours. In the last week, the coin moved up by 4%. The Bitcoin rally has pushed many altcoins up on their respective price charts. Major altcoins have traveled northbound as they followed Bitcoin’s price action. The technical outlook of Solana has displayed bullish price action on the chart. The demand for the coin has shot up, which has caused buyers to enter the market. SOL’s next price movement remains crucial. A move above the $34 mark remains....
BNB price struggles as $270 support fail to hold, with many buyers wishing for $200 BNB. BNB price breaks below 50 and 200-day Exponential Moving Average; this invalidates the bullish price of BNB. The price of BNB could restest $200 if the price maintains a bearish structure. Many The price of Binance Coin (BNB) has struggled recently to reclaim its bullish strength against tether (USDT) but was unable to as the price hit a new fresh rock. The crypto market faced a new drawback as Bitcoin (BTC) price dropped from a region of $19,000 to $18,100 as the Consumer Price Index (CPI)....