Is Shiba Inu’s bull run over? Here is the technical outlook
Cryptocurrencies continue to slide in a new week despite enthusiasm settling in previously. Shiba Inu (SHIB/USD) is one such cryptocurrency that posted massive gains. That allowed SHIB to overcome $0.000012…
Chainlink is about to pull a bullish trigger. Here is what could happen next
For yet another time, Chainlink (LINK/USD) is showing that it is punching below its knees. LINK has been trading within a tight range, with bearish pressure pushing the cryptocurrency below…
Polygon’s MATIC clears resistance on Meta news. Here is the next potential target
It is another good day for Polygon (MATIC/USD). CoinJournal reported that tech giant Meta would use Polygon for its digital collectibles. Meta says that creators can make their own NFTs…
BNB breakout could usher in new buyers. But here is what needs to happen first
Binance Coin (BNB/USD) traded at $337 on Monday, its highest level since June. In our previous CoinJournal analysis, we indicated that BNB was heading to $300, a crucial resistance level.…
Algorand records growth in on-chain activity. Here is what it needs to become bullish
The FIFA World Cup is fast approaching. The Algorand token (ALGO/USD) will likely be in the limelight as the platform is the official blockchain partner of the global event. Aside…
Ethereum overcomes another key resistance. Here is the next target
Ethereum (ETH/USD) has recaptured $1,500. As of press time, the cryptocurrency trades at $1,550 after gains of 20% in the past one week. Technical indicators show that the cryptocurrency has…
Has the Optimism token found its footing? Here is what the technical says
Optimism (OP/USD) may be gearing up for a recovery going by the current technical outlook. The token of the Ethereum Layer-1 scaling solution has reclaimed $1. The price is a…
Bitcoin rallies to $20,000. Here is the next potential target
Bitcoin (BTC/USD) trades at $20,660 as of press time, the highest level in 6 weeks. The cryptocurrency had added an intraday of 7%. The gains were accompanied by a 157%…
PancakeSwap maintains a descending triangle setup. Here is what could happen next
After remaining in a bullish momentum since June, PancakeSwap (CAKE/USD) buyers seem to have hit speed bumps. CAKE faced resistance at $5.0 in late September, a level more than double…
Ethereum recovers above 200-day MA. Here is the next price target
How long can Ethereum (ETH/USD) stay in the bear market? Not easy to answer, especially since it remains to be seen how the Federal Reserve will act to tame sky-high…