Chainlink (LINK) has been on a downward trend since December 2024 from a peak of about $28.00. Currently, LINK trades at $11.36 with a 2.06% decrease in price over the last 24 hours. The token has lost more than 60% of its value since it was last priced at $28.00 four months ago. Will a reversal take place, or will the price plunge below the $10 support level? Chainlink Price Analysis The daily chart for LINK shows a bearishness since December 2024. The price has created multiple lower peaks at important Fib levels $26.71 (0 Fib), $24.38 (0.236 Fib), and…
Author: cryphedge
Avalanche (AVAX) price has been trading inside a descending channel since December 2024. The current price is at around $16.21, down 6.22% in the last 24 hours. Volume has decreased by 18.04% to $437.08 million in the same period.Will this bearish trend continue or is a breakout from the channel on the horizon? AVAX Price Analysis The AVAX price chart shows that there has been a bearish trend since December 2024, peaking around $56 in price, and then has fallen by approximately 71%. The long downtrend makes a well-formed descending channel that has been making lower highs and lower lows.…
In the first quarter of 2025, the memecoin market cap has dropped 65% from a three-month high peak of $116.7 billion to $40.46 billion. Amid the downfall, Dogecoin is struggling to resurface above the $0.15 mark. The Dogecoin market price has dropped from $0.46 to a current price of $0.1475 over the past 120 days. This accounts for a massive plunge of nearly 70%. Is there a reversal possibility for Dogecoin? Dogecoin Price Analysis The declining trend has breached the $0.15 crucial support level. Based on the Fibonacci levels, the declining trend is currently testing a crucial support of the…
The crypto market has gone through another shockwave recently as the bearish momentum has further deepened. As per the data from Lookonchain, crypto whales are dumping Solana ($SOL) as the bulls have witnessed another hit. The popular on-chain analytics platform disclosed this downturn in its recent X post. Whales Aggressively Offload $SOL, Increasing Fear Across Market Based on the latest market data, the crypto sector went through a severe plunge last night with Bitcoin ($BTC) seeing considerable value decrease. In this respect, Bitcoin’s price dipped to $76,000 overnight. In the mean time, SOL fell as low as $101.49. This marks…
Teucrium’s 2X Long Daily XRP ETF launched with $5 million in day-one volume, ranking in the top 5% of debuts. Strong demand reflects rising investor confidence in XRP post-SEC clarity, with global ETF momentum building across markets. Teucrium’s 2X Long Daily XRP ETF made its trading debut on NYSE Arca, pulling in $5 million in volume on launch day alone. The product, which is structured to double XRP’s daily price movement, stood out sharply in a slow-moving market where most ETFs struggle to get attention. Source: Brett This debut didn’t just slide in quietly. Bloomberg Senior ETF Analyst Eric Balchunas…
Weekly RSI falls below 30, indicating oversold conditions. Historically, similar conditions preceded 200%+ rebounds. ETH could rise towards $6,500–$7,000 if the reversal is confirmed. Ethereum, the world’s second-largest cryptocurrency by market capitalisation, has fallen more than 5%. As the digital asset struggles to hold above $2,000, analysts are focusing on a combination of technical signals and on-chain data to determine whether the current price action signals a broader trend reversal. Source: CoinMarketCap Ethereum is now testing the same levels it bounced from recently, which also correspond with its all-time high from 2018, suggesting a potential market bottom could be forming.…
New York may soon explore blockchain technology as a potential safeguard for its electoral process, following the introduction of a new bill in the state legislature.Assemblymember Clyde Vanel (D-33) filed Assembly Bill A7716 on Tuesday, aiming to initiate a formal study into how blockchain could be used to protect voter data and election results.The legislation directs the New York State Board of Elections to examine blockchain’s effectiveness in ensuring election integrity and deliver a report within one year.New York Bill Calls Blockchain an ‘Uncensored Truth’ for Election SecurityThe bill defines blockchain as a decentralized, cryptographically secure, immutable, and auditable system…
The cryptocurrency market continues its bearish trajectory. The market slightly recovered on Tuesday, Apr. 8. Bitcoin (BTC) got close to reclaiming the $80,000 mark. The rally was short-lived, and BTC has fallen back to the mid-$76,000 price point. TRON (TRX) and Chainlink (LINK) follow similar trajectories as well. Both assets experienced a slight recovery on Tuesday but are trading in the red zone on Wednesday.Also Read: Pi Network Eyes $3 as Price Rebounds 28% Amid Token Unlock BuzzTRON and Chainlink Continue To SlumpSource: Watcher GuruTRX has fallen 2.3% in the last 24 hours, 4.5% in the weekly charts, 0.7% in…
Since the launch of Ethereum in 2015, it has only outperformed Bitcoin on 15% of trading days, according to data shared by analysts.Glassnode’s lead analyst James Check posted on X, noting that Ether has historically lagged behind the leading cryptocurrency in most market cycles.Ethereum had a brief edge over Bitcoin in its early years, particularly between mid-2015 and mid-2017, and again in late 2019 to early 2020.Bitcoin Maintains Market Dominance as Ethereum Struggles to Keep PaceSince early 2020, Bitcoin has maintained dominance.The ETH/BTC ratio—a key metric comparing Ether’s value to Bitcoin’s—has now dropped to a five-year low of 0.018, the…
The U.S. has announced a dramatic 104% tariff on Chinese goods, effective at noon on Tuesday, April 9, 2025. This move is a significant escalation in the trade war between the two countries, following earlier threats from the White House. The new tariff comes as a response to China’s failure to remove retaliatory tariffs on U.S. exports.Bitcoin’s Price Faces Critical TestBitcoin has hit a critical support zone, which traders have been closely monitoring. The cryptocurrency’s price is testing a key range between $75,152 and $77,672. This is an important level for Bitcoin—if the price holds here, there could be a…
