Market
Mar 16, 2020 at 13:47
Ethereum May Fall Into Local Bottom as Bears Break $100 Support Level
Last week, the bears pushed Ethereum to the bottom of the chart. Ethereum nosedived to the low of $101 but pulled back above $120 to resume a sideways trend. The bulls could not push price above $140 resistance. Ether is also repelled each time price tested the resistance level. This also explains that ETH lacks buying power at a higher level.
Mar 16, 2020 at 10:41
Altcoins Face Selling Pressure as Markets Reach the Oversold Regions
Enjin Coin, Holo Coin, Ontology and VeChain are in a sideways trend as the coins fail to break their respective overhead resistances. OmiseGo is in the overbought region as the market crashes to its low.
Mar 15, 2020 at 08:57
Cryptocurrency Trading Needs a Circuit Breaker to Neutralize Profits and Losses
As the price of Bitcoin trading plummeted by 50% overnight, there are opinions among investors that the cryptocurrency market needs to introduce a circuit breaker system like the stock market.
Cryptocurrency Decline is Getting Deeper and Closed, Bitcoin Hits $4900
On March 14, the cryptocurrency market started off with some stocks rebounding, but the decline in the afternoon strengthened. At press time, seven of the top ten stocks fell, and 70 of the top 100 were lit red, indicating a stronger drop. Among the top 10, it’s only Bitcoin SV, EOS and Binance Coin that are still resisting the forces of falling.
Ethereum Slumps as Bears Overrun Bulls
The downtrend continued to a low of $101 on March 12. Later, Ether pulled back above $120 and resumed consolidation. As the market is oversold, buyers are likely to emerge. The uptrend is likely if the price is sustained above $120 support.
Ripple Plunges to $0.12 Low, Buying at Lower Levels Pushes Coin Upward
Ripple has finally plunged to a low of $0.12 after breaching the $0.20 support level. The bears have earlier overwhelmed the bulls at $0.24 to reach the $0.20 support level. However, the bulls defended the $0.20 support for five days before the bears broke the support level.
Litecoin Drops to $28 Support, Faces Further Decline
For the past two days, Litecoin has been fluctuating between $50 and $48 before the downward move. Currently, the market has dropped to a low of $28 as of March 12. The price makes a sharp drop and breaks the $40 horizontal line to close below it.
Bitcoin Cash Faces Selling Pressure as Bulls Fail to Push Price above $340 Resistance
The bulls made positive moves but could not sustain the price above the $340 resistance. This attracted aggressive selling as the price fell to the low above $260 on March 9.
Chainlink Sees Shocking Correction, Plummets by Over 40%
On March 12, the entire cryptocurrency market is seen to be somehow booming, and the market's 12th largest cryptocurrency, Chainlink (LINK), is down more than 40%, the worst among the major stocks, as Bitcoinist reported. LINK has actually been surpassed by UNUS SED LEO altcoin from its usual 11th position to where it is now.
