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Price Analysis

Dogecoin [DOGE] gets hit by bear crunch as token falls to ninth place

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Dogecoin’s price hikes seem to have come to a halt as the cryptocurrency continued on its stagnant price movement. Ever since the fall at the start of June, Dogecoin has been unable to recover its All-Time High behavior. One of the few positives about the behavior was that the immediate support has been untouched for more than two weeks.

At press time, Dogecoin was trading for $0.23 with a total market cap of $31.2 billion. The bear drop over the past couple of weeks made a significant dent in DOGE’s price action. A 17 percent weekly red line caused the daily trading volume to fall to $1.36 billion. Even though the cryptocurrency had rocketed to the podium spots earlier, currently it held the 9th position on the charts.

Dogecoin 1 hour:

doge 1hr

Dogecoin’s hourly performance was reminiscent of earlier bear runs where the support gets cut out from underneath. The memecoin’s safety line was drawn at the $0.26 mark as DOGE stayed afloat during trading hours.

Relative Strength Index: As of now, Dogecoin’s RSI is maintained in the middle of the graph. This meant that the number of users holding their assets and selling them was almost equal.

MACD: The signal line and the MACD moved upwards in tandem as the histogram blinked green A convergence may result in a change in Dogecoin’s price movement

CMF: Dogecoin’s short-term capital movement was not enough to disrupt the price action. The recent bear dip could be contributing factor in the graph’s dip below the zero line.

Dogecoin 1 day:

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Long term DOGE movement has been a sight to watch as it set its ATH in May after Elon Musk push The long term support clocked in at $1.5 as the bear set its set to form consecutive red candles

RSI: In the long run, DOGE’s buying momentum bad reduced since it’s a breach of the overbought zone. The graph had fallen below into the trading zone after more users sold their Dogecoin.

CMF: The CMF continued to stay below the zero line as capital influx reduced. According to the graph, Dogecoin had last enjoyed a strong CMF bullish run towards the end of April.

MACD: In the long run, the MACD line and the signal line moved downwards as the histogram ticked red

Dogecoin [DOGE] suffers bear’s wrath as support fluctuates

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As the week drew to a close, the cryptocurrency market began leaning towards the bear. Altcoin graphs blinked green with Dogecoin [DOGE] suffering the biggest hit on Friday. The meme coin , after enjoying a bull run last week, fell by double-digit numbers as the market cap had a big chunk taken from it.

At press time, Dogecoin was trading for $0.227 while the market cap closed at lunch for $35.76 billion. DOGE’s 25 percent dip over the past week brought its daily trading volume to 2.157 billion. Sitting in the 7th position on the charts, Dogecoin still had some ways to go before overtaking its nearest competitor ie. XRP.

Dogecoin 1 hour:

doge 1 hr

Technical indicators pointed to the cryptocurrency trying its best to level the playing field with a positive user sentiment push. Dogecoin’s immediate price support fell to $0.268 over the past 24-hours as the bull took charge of the market.

Bollinger bands- The upper band and the lower band moved parallel to each other with a lack of a strong Bollinger cloud.

Chaikin Money Flow- Dogecoin’s CMF crossed the zero line as the capital coming into the market overtook the outflow.

Relative Strength Index- The RSI was near the oversold zone which meant that more users were selling their DOGE than keep it.

Dogecoin 1 day:

doge 1 day

In the long term, Dogecoin was still in its nascent stages. Recent price actions have allowed its volatility to be showcased with its histogram interspersed with green and red candles.

Chaikin Money Flow- Dogecoin’s sideways movement put a dampener on investor sentiments with capital influx dropping to 2-week lows.

Relative Strength Index- The RSI saw an uptick after a strong push by its user base. DOGE HODLers are driven by the sentiment that the cryptocurrency will “shoot to the moon” in the coming years.

Bollinger bands: Both the band’s formed an open mouth punctuated by Dogecoin’s last bullish run.

Litecoin buoys steadily in a bull market as altcoins tick upwards

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As the week comes to a close, the cryptocurrency market seems to have taken it upon itself to maintain a price rally. Friday even saw Cadnao take the 3rd rank from Tether with a remarkable double-digit climb. Other altcoins such as Litecoin also witnessed a steady hike over the past day.

The 12th largest cryptocurrency in the market had risen by 6 percent in the past 24 hours. Litecoin was trading for $181.47 with a market cap of $12.1 billion. A weekly hike of 27 percent had allowed the cryptocurrency’s trading volume to hit $2.38 billion.

Litecoin 1 hour:

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Bitcoin Silver as Litecoin is more popularly called has enjoyed a stellar week with green candles abounding on the charts. The support has been untouched in a week as the technical indicators sided with the bull.

Litecoin’s Parabolic SAR markers stayed below the price candles, pointing to a sustained bullish momentum. LTC’s Relative Strength Index broke through the overbought zone to climb to two-week highs.

The cryptocurrency’s CMF attained new heights as the graph moved vertically from the zero lines.

Litecoin 1 day:

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Litecoin’s daily support stayed below the $147 mark after populating the charts with green candles. After forming six consecutive green candles, LTC’s buy-in pressure peaked on Friday.

Long-term RSI mimicked the hourly chart by climbing above the overbought zone. The increased number of users boosted the Litecoin market to climb into the top 10 club. The cryptocurrency’s new influx of capital allowed the graph to shoot up.

The Parabolic SAR pointed to a hopeful weekend for Litecoin as the value rode on the momentum. Even new entrants into the market were experimenting with investing in altcoins predicted to be in the bull’s good books.

Dogecoin [DOGE] Takes Elevator with Bull as Prices Begin Capitulating

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As greener pastures abound in the world of digital assets, more users have begun to test their luck. Over the past week, the cryptocurrency market witnessed a flux of new investments, which in turn triggered bull runs. The massively popular Dogecoin also enjoyed its share of the climb by rising by over 34 percent. 

After hitting all-time highs and becoming Elon Musk’s center of attention earlier this year, Dogecoin’s price fell back into a lull. The cryptocurrency was trading for $0.275 with a total market cap of $35.3 billion. A 3 percent price increase had elevated Dogecoin’s trading volume to $5.03 billion. 

Dogecoin 1 hour:

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With Dogecoin’s support holding below the $0.24 mark, the cryptocurrency only has to watch out for it on the way down. A majority of the indicators pointed to a price capitulation after the previous week’s rally. 

Dogecoin’s upper and lower Bollinger bands moved parallel to each other as the price pattern became interspersed with reds and greens. Even the RSI steadied itself in the middle of the graph indicating a balance between the buyers and sellers. 

The MACD line and the signal line dipped after a bearish crossover on August 1. 

Dogecoin 1 day: 

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Long-term charts showed a cryptocurrency steadily lifting its support steadily. With the value at $0.17, Dogecoin users would hope that the addition of capital would trigger a spark. 

The daily RSI was a friend of the bull as the graph touched the overbought threshold for the first time since the start of May. Bollinger bands diverged strongly from one another as a price cloud began to form. 

Dogecoin’s daily MACD charts moved upwards in tandem as the histogram displayed 23 consecutive green candles. 

Binance Coin (BNB)stays true on the bullish path as support climbs

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The cryptocurrency market’s resurgence mid-week has instilled a sense of belief that the bull was here to stay. Altcoin climbs held their own against Bitcoin’s 20 percent weekly gain. Binance’s cryptocurrency, BNB, had a stellar hike with an 8 percent daily gain allowing it to stay up in the fourth position. 

At the time of writing, Binance Coin was trading for $385.95 with a daily trading volume of $2.17 billion. The cryptocurrency’s $59.53 billion market cap was approximately $4 billion more than its nearest competitor, Cardano. BNB’s stellar growth was representative of the vertical climbs enjoyed by the rest of the market. 

BNB 1 hour:

bnb 1hr

Binance Coin has seen a steady increase in price since the start of this month. With the immediate support holding below the $330 mark, Binance Coin was slowly but surely building on it. 

BNB’s Chaikin Money Flow indicator ticked upwards unveiling a new set of investments into the Binance Market. The cryptocurrency’s RSI stayed above the oversold threshold despite crashing in the wee hours of Wednesday. 

The chart also showed BNB’s prowess through the Parabolic SAR. The PSAR markers have stayed below the candles for the longest stretch for the month of August. 

BNB 1 day:

bnb 1 day


The long-term charts indicated a bullish with multiple batches of green candles. The long-term support remained unwavering at $230 with all 3 indicators siding with the bull.

The mix of positive market sentiment and elevated prices has helped in the revival of the BNB market. This sentiment had reached a 30 day low on June 21 after which the coin saw tremendous growth. 

BNB’s PSAR stayed below the graph for the 19th consecutive price candle. This matched the bullish nature the cryptocurrency was beading towards. The CMF’s upward run capped a mid-week run that could set off a surge before the weekend. 

THETA Token holds its fort as price fluctuations take over the crypto market

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The cryptocurrency market’s resurgence over the past few days instilled new vigor into the ecosystem with the help of rising prices and market caps. Several altcoins climbed on the charts with some even outperforming Bitcoin and the rest of the mainstays. One of the biggest gainers as the week came to a close was Theta token which maintained its 17th position on the charts.

Theta’s performance over the past few weeks mimicked the rest of the bearish market with signs of recovery posted during mid-July. Since then, the cryptocurrency has risen steadily in value, sometimes even displaying 5 consecutive green candles. At press time, THETA was trading for $6.98 holding a total market cap of $6.91 billion. A whopping 15 percent daily growth further elevated its trading volume to $683.5 million. The following technical indicators show how the cryptocurrency rallied against its compatriots this week.

THETA 1 hour:

theta 1 hr

With the immediate support holding firm at $5.89, THETA managed to rally to the upper resistance ranges. After enjoying multiple consecutive green candle ranges, THETA’s price stabilized at a rate near $6.9.

Parabolic SAR- In the short term, the markers stayed above the candles. This indicated an imminent bearish atmosphere for THETA and its holders.

MACD- The MACD line and the signal line diverged from one another after crossing over earlier. The downturn indicated another price slowdown.

RSI- Short-term RSI had crashed just below the overbought zone after the price settlement. This was a sign that THETA holders still had faith in the cryptocurrency’s functionalities.

THETA 1 day:

theta 1 day

THETA’s daily charts painted a picture of a cryptocurrency trying to get out of its bearish trap. The long-term support below $4 remained steady as THETA bounced back to avoid a support break. According to the charts, the last time THETA enjoyed a 5 green candles run was during the beginning of June.

RSI- The Relative Strength Index climbed to the overbought threshold indicating a stellar increase in buying pressure over selling pressure.

PSAR: Unlike the hourly charts, the daily picture was slightly less bearish for THETA. With only four markers on top of the price candles, THETA has the chance to stop the buck there.

MACD: The MACD histogram was fully in the green albeit with smaller amplitudes. This bullish turn was also signified by a positive crossover by the MACD line and the signal line.


Uniswap [UNI] Price Relishes Arrival of Bull As Pastures Turn Green

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As the cryptocurrency market rallied to beat the bear, some altcoins took it upon themselves to lead the charge. Uniswap (UNI) was one of the cryptocurrencies climbing rapidly while taking the title of “biggest gainer” in the top 10 cryptocurrency club. As it stands, the 10 largest coin was green ticking at date of 10.6 percent in the daily timeframe.

At press time, Uniswap was trading for $23.09 with a market cap of $13.6 billion. The double-digit climb also elevated the cryptocurrency to a 24-hour trading volume high of $576.8 million. Aside from Uniswap, its nearest competitor Polkadot was also making moves by achieving daily growth of over 10 percent.

Uniswap 1 hour:

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The hourly charts painted a bearish picture for the cryptocurrency after a sweltering start to the week. A majority of the indicators pointed to a bearish atmosphere interspersed with bullish gains.

Uniswap’s Bollinger bands moved parallel to each other after a massive price breakout. The formation of the positive Bollinger cloud was one of the few bullish signs for Uniswap. Both the Chaikin Money Flow indicator and RSI crashed to the bottom of their graphs after the last price action. This was a sign of more users selling their tokens while the capital reduces in the Uniswap market.

Uniswap 1 day:

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Long-term charts held some good news for Uniswap as some of the aforementioned indicators sided with the bull. While the support was no longer threatened, the price movement still invoked a closer look.

The daily RSI fell sharply yesterday from the overbought zone. Although this still kept Uniswap above the zero level, it occurred at a time when the CMF shot up. Uniswap’s CMF had climbed significantly over the past few days to settle much higher than the zero line. If it maintains its momentum, Uniswap CMF had the chance to touch mid-July highs.

The Bollinger bands here projected a smaller breakout with the upper and lower band diverging from one another.

Chainlink Stays On Course As Altcoin Market Battles Bear

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The altcoin market continued to follow Bitcoin’s price action with Chainlink becoming one of the biggest weekly gainers. After its bull run this week, the cryptocurrency market has settled into a steady price movement interspersed with red and green signals.

LINK’s performance in the last few months propelled it into the top 20 club as other mainstream coins fell off. At press time, Chainlink was trading for $19.04 with a total market cap of $8.4 billion. A weekly gain of 26 percent allowed its daily trading volume to climb to a respectable $880.56 million. An analysis of the charts showed that only Bitcoin and Wrapped Bitcoin had a better performing week.

Chainlink 1 hour:

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The hourly support clocked in at $17.7 as the bear cut short any chance of new resistance creation. According to the Bollinger bands, the cryptocurrency had settled into a stagnant price movement with a lack of any major breakout.

The RSI and the CMF displayed similar movements as the graphs peaked above the zero line. LINK’s positive RSI meant that the buying pressure had overtaken the selling pressure. The number of fluctuations on the RSI was indicative of the importance of price on sentiment.

As more people buy LINK, the capital coming into the market also increases. This was verified by the CMF as the graph peaked above the zero line for the first time in 36 hours.

Chainlink 1 day:

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LINK’s Bollinger band movement was similar to the hourly charts as the upper and lower band moved parallel to each other. The cryptocurrency’s recent fall had caused it to almost touch its long-term resistance of $12.4.

Daily RSI had climbed sharply in mid-July with a small downturn indicating a decrease in momentum. The buying pressure was still strong with more users entering the ecosystem. Long-term CMF was the only clearly bearish indicator as the graph stayed below the zero line. A decrease in price could be imminent because of the increase in capital leaving the Chainlink market.

Ethereum Stumbles Against Bear as Market Enters Red Zone

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The start of the new week spelled misery for the world’s largest altcoin as prices plummeted to 14-day lows. Ethereum’s drastic price action was replicated across all indicators as well with a majority of them siding with the bear. At the time of writing, Ethereum was trading just above the $2000 mark.

The cryptocurrency’s current price hold came at a time when organizations were building new products on the Ethereum platform. India-based CoinDCX recently launched an Ethereum backed token called Liqueth with the intention of making staking accessible to all. Speaking about its latest token, CoinDCX CEO and co-founder Sumit Gupta stated:

“We want to make staking very simple and accessible for our users, which is why we are providing an ETH staking facility to anyone who holds at least 0.1 ETH in their CoinDCX wallet. Ultimately, we believe that this will allow our users to unlock the full earning potential of digital assets—by more actively participating in the token economy and the DeFi space.

Ethereum 1 hour:

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Ethereum’s hourly charts showed signs of the bear’s arrival in the market. After having enjoyed the near $2500 range this month, the cryptocurrency was currently holding immediate support of $1992. Meanwhile, the immediate resistance clocked in at $2398 after which Ethereum dipped sharply.

The RSI surged back into the oversold zone post crashing below it on the 12th. This was a sign that users were buying back into the Ethereum market despite the red streaks on the chart. According to the Chaikin Money Flow, the capital coming into the Ethereum ecosystem had drastically reduced compared to the outflow.

The upper and lower Bollinger bands had converged towards one another indicating a price settlement.

Ethereum 1 day:

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This year has been nothing short of dynamic for the altcoin. After the surge in May, a massive price correction brought Ethereum to its current level of $2014.

The CMF in the long term had turned for the worse but still stayed above the zero line. Reduced capital flow was imminent and if this continues, the outflow may overtake it soon.

Bollinger bands on the daily spectrum moved parallel to each other. An increased sell-off pressure may result in the upper band diverging from the lower band. The Relative Strength index fell below the zero line today as the selling pressure overtook the ETH buying pressure.

Ethereum holds down the fort as bear comes hunting

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The past was witness to multiple changes in the cryptocurrency markets as there was a clash between the bull and the bear. As the week came to a close, several coins fell prey to the bear with a few outliers still in the green. Ethereum could resist the bear to an extend where its weekly gains fell from double-digit highs to 7.78 percent.

Ethereum had stabilized in the short term to settle at $1831. After the recent support break, holders of the cryptocurrency were waiting with bated breath for the $2000 breach. The trend line since the 28th has been positive with technical indicators pointing to a bullish forecast.

Ethereum 1 hour:
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The Relative Strength Index struggled to move past the halfway line as it trudged near the oversold zone. Short term investors pulling out is the main reason for the dip triggered by coin selloffs. Once the price action settles, one can expect an influx of new ETH buyers.

Ethereum’s Chaikin Money Flow Indicator breached the zero line ever so lightly on Friday. An earnest boost by ETH proponents resulted in a wave of new investments. The MACD indicator displayed a slight convergence between the signal line and MACD line. If the pattern is maintained, Ethereum would be heading for a bullish crossover soon in the short term.

Ethereum 1 day:
eth 1 day

Ethereum’s long-term performance improved in mid-June as shown by the price candles. Although the gain was minimal, it was enough to avoid another support break. Ever since the gains stopped, the dip in investors sentiment was indicated by the RSI.

A sharp decline in the graph pointed to a vast number of holders ditching their ETH. The Chaikin Money Flow indicator had fallen below the zero line unlike in the hourly charts.

The MACD lines blinked green as both signal and MACD line headed for a convergence. As the MACD histogram showed green, users could be reassured that the bearish dips were opportunities to “buy the dip”.