Author: Best Owie

Cardano Whales Start 2023 With Accumulation Trend That Could Be Bullish For ADA

Best Owie

Cardano (ADA) has seen some pretty tragic price action in the last couple of months, which has dragged its price down toward two-year lows. It still continues to maintain this downtrend and is barely moving, just like the rest of the crypto market, but some developments among large ADA investors could see some bullish momentum for the digital asset. Cardano Whales Begin Accumulating In New Year Toward the end of 2022 when momentum in the crypt market was dropping, there had been some selling from large ADA investors. This was…

Santiment Paints Bullish Picture For XRP, But This May Not Be The Case

Best Owie

XRP price is having a shaky start to the year 2023 after a sharp drop on Monday during Asia hours. The digital asset eventually recovered but it remains shaky even now a new report from Santiment shows that there could be a bull case for the cryptocurrency. This bull case is tied to large XRP holders who have been accumulating coins over the past six months. A Bull Case For XRP The report from Santiment starts out with the revelation that large investors holding between 1 million and 10 million…

Litecoin (LTC) Tops List Of Christmas Gainers, Is $100 Still Possible?

Best Owie

Litecoin (LTC) emerged as the top gainer over Christmas Day with an impressive performance. This put it ahead of market leaders such as bitcoin and ethereum in terms of performance, solidifying its position as the market leader through the first half of the holidays. Litecoin Tops List Of Gainers Over the last 24 hours, Litecoin has been on an upward rally that put its price firmly above $65, turning resistance into support for it. The digital asset saw upwards of a 6% increase in price over the last day. The…

Ethereum Stalls At $1,200, Why Bears Still Have The Upper Hand

Best Owie

Ethereum is still closely mirroring the price of bitcoin through the bear market and that has seen its price basically stall in the last day in tandem with BTC. ETH’s price is presently resting just above $1,200, and while this would have served as a good bounce-off point for the digital asset, it shows no signs of doing so. Ethereum Price Stuck At $1,200 Given the current market circumstances, Ethereum at $1,200 presents one of the best prices that the market will see for the digital asset before 2022 runs…

Polygon Profitability Tanks As MATIC Nosedives 5.6%

Best Owie

MATIC has had a rollercoaster of a year. Its price has fluctuated between cycle peaks and cycle lows year-to-date but has seen some good recoveries as well. However, as the week draws to a close, MATIC dove off its $0.9 cliff, and investor profitability has plummeted right along with it. MATIC Loses 5.6% In 24 Hours Over the last 24 hours, the price of MATIC is already down more than 5.6%, according to data from TradingView. The digital asset which had been able to maintain its $0.9 level for the…

Exchanges Close Q3 With Massive Bitcoin Outflows, Why A Rally Is On The Horizon

Best Owie

The third quarter of 2022 was a rollercoaster for the price of bitcoin. BTC’s price had fluctuated wildly during this time and ended up hitting lower lows than expected. However, this has not changed investors’ convictions about the cryptocurrency. As the third quarter drew to a close, there had been a massive withdrawal spree from centralized exchanges, which led to more than $600 million in outflows. Bitcoin Outflows Grow The last day of September has proven to be an important trading day for bitcoin. Given that it was both the…

Bitcoin Dumps After Revisiting June Lows, Where Does The Bottom Lie?

Best Owie

Bitcoin reversed below $20,000 once more after the sell-offs that followed the completion of the Ethereum Merge. With the decline, the digital asset had revisited lows not seen in three months, giving credence to the bears during this time. However, one problem remains, and that is the fact that the cryptocurrency has been unable to find suitable support, causing the downtrend to continue. Bitcoin Price Falls To Range Lows Over the last week, bitcoin has seen multiple declines in its price. The Ethereum Merge had turned into a “buy the…

Ethereum Merge Fails To Move ETH Price, $2,000 Remains Elusive

Best Owie

The price of Ethereum continues to struggle below $1,600 despite the Merge being successful. As pointed out previously, the Ethereum Merge had looked to be a “buy the rumor, sell the news” event, which seems to be playing out, but the lack of highly fluctuating prices suggests that even the expected sell-offs seemed not to have happened. Instead, it looks to be that momentum is currently muted, making it impossible for the price to swing either way. Merge Is Priced In During the rallies that led up to the Ethereum…

Impressive Rally Puts Bitcoin Above $24,000, But Is $28,000 Still Possible?

Best Owie

Bitcoin has rallied once more above $24,000. This impressive rally follows an intense week where the FOMC’s announcement has basically shown that the United States is now in a recession. Investors had flocked to the bitcoin off the back of the news, causing the digital asset to surge immensely during this time. As the digital asset has beat one important technical level, it remains to see if it can beat another. Accumulation Triggers Rally There are a lot of factors that usually trigger a rally, such as the one that…

Is Bitcoin Headed For Its Ninth Red Weekly Close?

Best Owie

This week, Bitcoin had made history when it recorded its eighth consecutive red weekly close. This first-of-its-kind streak had cemented the digital asset on one of the worst bearish trends that have ever been recorded. Now, even as the week runs towards another close, the cryptocurrency has not been able to make any considerable recovery, indicating that it may not be done with its bearish streak. Bitcoin Headed For A Ninth Red Close? With bitcoin still trading well below $30,000, it is no long shot to speculate that the digital…