Nov 20, 2021 02:20

Altcoins Pull Back after Hitting Some ATHs: What to Expect Next?

With Bitcoin tremendously growing in value and reaching its new ATH of almost $69k last week, altcoins set some new records as well. (Read More)

Sep 30, 2021 10:15

BUSD and USDT Netlfow Hints At Another Bearish Crypto Weekend

Stablecoins and their outflow can help determine which direction crypto markets may head in next. If the outflow decreases, there is often a positive price change. Unfortunately, for now, neither BUSD nor USDT offers much hope in that regard.  BUSD and USDT Netflow Aren’t Helping As the crypto markets remain stuck in semi-bearish mode ahead […]

Feb 24, 2025 04:20

Bitcoin Holds Near $96K as Key Indicators Signal Potential Volatility

Bitcoin (BTC) is currently trading at $95,895.79, marking a 0.93% decline over the last 24 hours. The cryptocurrency hit a low of $95,685.71, with a 24-hour trading volume of $15.68 billion, reflecting a 65.45% decrease. The market cap remains at $1.9 trillion. South Dakota and Utah are advancing plans to

Jul 13, 2023 04:45

KAVA Succumbs To Bearish Market Trend, Loses 11% In The Last Day

Following the bearish wave which has swept across the crypto market today, the KAVA token has experienced a significant fall in its market price. According to data from CoinMarketCap, KAVA is currently down by 10.90%, representing the biggest loss of the day. In general, the total crypto market cap is down by 0.31%, with the market leader, Bitcoin (BTC), losing by 0.46% in the last 24 hours. This is while prominent tokens, such as Ripple (XRP), Dogecoin (DOGE), and Solana (SOL), have managed to stay afloat, recording no significant gain or loss. KAVA Price Action And Analysis KAVA began the week with sideways movement hovering around that $0.94 price region. However, after a slight price dip which saw the token retest at $0.91 on July 10, it embarked on a bullish run reaching as high as $1.02 the next day. Related Reading: PEPE Price Drops More Than 60% From ATH – What Lies Ahead? Following a consolidation at this zone for some hours, the token experienced a significant price boost yesterday,  hitting a top price of $1.06. Albeit, since attaining this price level, KAVA has been on a downward trend returning to the price levels seen at the start of the week.  Analyzing its 4-Hour chart, KAVA is currently in a strong consolidation zone, but if the bulls assume control of the market, the token could rise to the $1.06 price region, which has previously served as a strong resistance level. A sustained bullish momentum that results in the altcoin pushing past this level could lead to a market price in the region of  $1.22. That said, if the current selling pressure remains strong, KAVA could drop from its consolidation zone, falling as low as $0.73. Based on CoinMarketCap data, KAVA is currently trading at $0.94, with a 0.16% gain in the last hour. Meanwhile, the token’s daily volume is down by 16.64% and now stands at $48 million. KAVA ranks as the 70th biggest cryptocurrency with a market cap value of $588 million.  KAVA Trading At $0.94 On The 4-Hour Chart | Source: KAVAUSD Chart On Tradingview.com KAVA Records Some Positive Moves Despite Price Movement  Contrary to its negative price movement today, Kava has actually recorded some positive news in the last few days. Just yesterday,  its blockchain network launched the Kava 14 mainnet upgrade, which in part likely caused the price hike seen yesterday. As expected, this latest upgrade introduces a lot of new features, most notably smooth and seamless asset conversion between the Cosmos and Ethereum ecosystems. Related Reading: Shiba Inu Whale Holding 10% Of Total SHIB Supply Shocks The Market In addition to this network upgrade, KAVA was also recently listed by the Bitfinex cryptocurrency exchange. Launched in 2012, Bitfinex ranks as one of the top exchanges in the world, with a presence in 52 countries worldwide.  Featured Image From Kiplinger, Chart From Tradingview

Nov 01, 2024 02:30

Solanas Bearish Trend: Should Traders Cancel Shorts As Volume Declines?

The trading volume drop of Solana is now causing some concerns among the traders.In a recent X post, Alan Santana maps the current volumes against those from 2023, leading to a potential change in Solanas price path. However, while Bitcoin is having a good time, SOL market indicators look more like a bearish picture, with […]

Jul 10, 2023 02:10

Compound (COMP) Rises By 11% Amidst General Bear Market

COMP, the native token of DeFi lending protocol Compound Finance, has drawn much attention following its positive price performance in the last day. According to data by CoinMarketCap, COMP has risen by 11.03% in the 24 hours, emerging as the top daily gainer of the market. This price rise is quite significant, as COMP recorded [...]

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