BTC started the week of July 19th to 25th with the bearish movement, falling to the low of $29,300 on July 0th, however, a strong pullback rally followed and helped BTC to close the week in the green territory and formed a big bullish engulfing candle to close the week with 11% gain at $35,428. At the time of writing, BTC is trading slightly above $38,200.
Major resistance at 34700 - 35000 USDT and also previous highs... Last trend break it fell 1700 USDT. RSI almost reached overbought in 4H.
RSI broke its daily downtrend since January. It is a good sign for Bulls.
Market in the last 24hrs
MATICUSD saw a major downward momentum as the price moved form the middle to the bottom Bollinger band. Trading volume has been high suggesting that the bearish momentum is strong and is likely to continue.
Today’s Trend analysis
The price appears to be moving below the bottom Bollinger band suggesting that the price has rejected it as a...
Bitcoin has taken support on the 29k line 3 times in the last 3 months.
RSI has cooled own from 90 to 57.
Next support for RSI is available at 48 and after that 43 which will be crucial, if we do not see a bounce back from 43 here then it may slip to 20k or probably 13k.
Hedera Hashgraph after gaining exponentially (~13 x) in the first quarter of 2021, has been caught up by the bears. Since then, bulls have not been able to take out their All-Time High of $0.36 (March 15, 2021).
With the bears tightening their control over the markets, promulgated by the backdrop of Bitcoin, it resulted in a tectonic shift in the sentiments of...
Compound- the torchbearer of the Yield Farming has established itself as one of the prominent names in the DeFi ecosystem. Being one of the early projects in the DeFi space, Compound has garnered in trust and reliance of the users that have contributed massively to the growth of the DeFi ecosystem.
At the of writing, Compound has locked in $7.01 Bn in its...