XBTFX

XBTFX

Step by step, week by week and XRP will reach a $0.4 resistance line. For the last two months, XRP is side traded, but with slow and gradual steps toward the next resistance line. During the previous week the coin was moving in a range from $0.34 up to $0.38, still unable to clearly reach the next resistance line, let alone to test it. But whoever follows this...

XBTFX

A “Merge” is a word lately often used by both analysts and investors when Ether is in question. It refers to the announcement by the Ethereum Foundation that a new fork, which will be released in September, will bring more efficient proof-of-work for the Ethereum network. For the last two weeks, ETH is strongly supported by this news, where the price of the coin...

XBTFX

It seems like investors finally regained some of the confidence back from bearish sentiment, which was dominant on the market for the last three months. Macro data in the US is currently sending some mixed signals in terms of high inflation and producer prices on the one hand, and strong labour market on the other hand. Stronger positioning has not yet started,...

XBTFX

Last week in the news Economic indicators in the U.S. are still not providing a clear picture to investors whether the economy might slip into recession in the coming period. US equities finished the week in red, while EU stocks moved to green territory after the ECB raised interest rates for the first time after 11 years. Crypto market gained during the...

XBTFX

Side trading continues for LINK third week in a row. During the previous week, the coin managed to move in a range from $5.6 up to $6.57. On a positive side is that during the last four days, buying orders were the dominant one on the market, which might further support the coin in the week ahead. Positive development as of the end of the week was that RSI was...

XBTFX

Side trading continues for ADA. It seems like the market is looking for a certain end of the bearish market in order to push this coin to the higher grounds. On a positive side, the support line at $0.40 is holding strongly, while during the week, the coin managed to reach its highest level at $0.45. Daily trading volumes continue to be decreased, on a positive...

XBTFX

Under the sentiment of the bearish market, BNB, like many other coins on the crypto market, was pushed to the lower grounds without an obvious reason. Based on its latest moves, it seems like that the market started to look at actual value of the coin, and not only toward macro economics, which would certainly be positive for BNB in the future period, considering...

XBTFX

Slow motion moves continue for XRP, but with some positive indications based on technical analysis. Charts are starting to point toward the $0.4 resistance line, however, considering decreased daily trading volumes, it might take some time till XRP reaches this level in the coming period. Previous week was positive for XRP, regardless of the coin`s slow moves....

XBTFX

It was quite nice to see that the eyes of inventors are back on Ether. For some unclear reason, Ether was completely neglected by the market, which pushed coin all the way down to $1.0 support, during the latest period. It looks like things are changing as investors have moved from strictly macro fundamentals toward actual good developments occurring with Ethereum...

XBTFX

Posted macro fundamentals during the previous week shows that inflation in the US is still very strong, implying that the FED will most probably continue with its tight monetary policy. This would mean less liquidity to invest in the markets, and the crypto market is also one of them. Investors are currently looking at the next FOMC meeting, which will be held as...

XBTFX

Last week in the news U.S. equities bounced a bit back on Friday; however, they are still below levels from the beginning of the previous week. Crypto market had a modestly volatile week, but still ended in a weekly profit. Bitcoin erased losses from the beginning of the week by reaching levels above $21K, while Ether bounced back to $1.3K level. The most...

XBTFX

LINK started July with side trading. After reaching the $6 support line, there has not been further market strength to push the price to the downside, so the price managed strongly to hold to this level. This is actually good news for LINK, considering overall negative market sentiment due to macroeconomic developments. The price range during the week was $6.13...

XBTFX

Since the middle of June ADA entered into side trading mode. It was the same during the previous week, when the prices were moving in the range between $0.44 and $0.48. It looks like the coin reached its bottom line around $0.4 level and continues to move in this range, as there are no significant buying orders which would push the price higher. At this moment, it...

XBTFX

There was another positive news regarding Binance business expansion during the previous week, as the company introduced its zero-fees crypto trading on its platform. This was a positive move from Binance, as the company managed significantly to increase trading volumes. However, market reaction, when it comes to BNB, was minimal. Macro fundamentals continue to...

XBTFX

Ripple continues with its slow motion moves, however, as long as they are in a positive direction, holders will not have anything against it. XRP started the previous week at level of $0.31 and reached its highest weekly level at $0.35. By looking at historical prices, XRP always starts with side trading when the market is exhausted by previous sharp moves to the...

XBTFX

It was a pretty good week for ETH as the coin managed to outperform its main rival on the market, with a gain of 15% on a weekly basis. For some time now, the market was pushing ETH`s price strongly to the downside, without a clear reason. Price moves during the previous week suggest that some confidence in ETH is back on the market, but due to macro risks, higher...

XBTFX

We have seen some long awaited positive developments on the crypto market during the previous week. Some of the losses incurred two weeks ago were erased during the previous week. However, the same risks that were driving the markets to the downside are still on a market stage, in which sense, it might be too early to cheer the end of the down cycle. Released data...

XBTFX

Last week in the news Last week was a small relief from a bearish trend since the beginning of this year. However, risks from the macro environment are still in play, in which sense, it is too early for celebration. Bitcoin managed to sustain a support line at $20K, reaching its highest weekly level at $22.5K. Ether is back at $1.2K. Positive economic news...