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Optimism (OP) is currently at a critical support level of $3. On the hourly timeframe, OP is showing a steep downward trend, indicating a bearish trajectory. While oscillators show a neutral stance on the daily and weekly charts, moving averages signal a significant sell-off. Optimism stands to benefit from Ethereum's Dencun Upgrade, which has notably reduced gas...

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Last week, Solana (SOL) saw a surge in popularity, with both SOL and its ecosystem, including meme tokens, delivering impressive returns to investors. SOL rose by 18.56% to reach $209.4, approaching its ambitious all-time high of $259.6. However, it is currently experiencing profit-taking and an overall market correction, finding support around the $168 range,...

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Shiba Inu is currently priced at $0.00003266, boasting a market cap of $19.28 billion and circulating supply of 589.29 trillion tokens. Over the last 24 hours, its value has dipped by -4.34%, and throughout the week, it's down by -13.37%. Reviewing the past week, SHIB experienced a breakout to $0.00004541, swiftly followed by a rejection. The RSI is now edging...

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Floki Inu is currently trading at $0.0002706, boasting a market cap of $2.58 billion and a circulating supply of 9.55 trillion tokens. Over the last 24 hours, its price has dipped by -3.56%, though it's seen a remarkable surge of +93.93% throughout the week. Examining the daily time frame reveals Floki Inu is presently undergoing profit booking. Following a climb...

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What is File Coin and why is it a hot topic? Filecoin is a decentralized, peer-to-peer digital storage marketplace leveraging blockchain technology, built on top of the InterPlanetary File System (IPFS). It enables users to rent unused hard disk space and earn FIL tokens. It functions as a decentralized storage network, allowing individuals to rent out storage...

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If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! We must’ve heard multiple stories about people investing in XYZ stocks ten years back and forgetting about them, which eventually turned into millions of bucks currently. Although this seems to be a...

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If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: BTC has been in a range-bound consolidation over the past few days. We are witnessing a rise in trading volumes, and the price action suggests that there could be a bullish breakout soon....

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If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: Prior to the FOMC meeting, we saw a massive volatility in the cryptocurrency market. We saw a sudden jump in price in anticipation of the first rate hike after a considerable amount of...

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If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: The market has been highly volatile over the past couple of weeks owing to the ongoing socio-political tussle. Both the weekly candles have large upside wicks signaling weakness in the...

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If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: Over the last 10 days, we saw a lot of activity across financial markets. Cryptos, being the riskier asset class, witnessed a massive volatility. BTC had dropped below $35,000 and the...

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If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: Over the past few days, we saw the largest cryptocurrency by market capitalisation struggling quite a bit under the bearish dominance. We saw BTC dropping from over the $44,000 mark to...

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If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Don't you think 2021 was a big year for cryptocurrency? Many cryptos have gained, while others have lost their battle. On the other hand, significant crypto players such as Bitcoin, BNB, and Dogecoin...

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If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: After the recent recovery following the previous selloff, the crypto blue chips, Bitcoin and Ethereum, are looking strong. ETH looks solid with healthy trading volumes. Top cryptos have...

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If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: It has been an absolute bloodbath across the cryptocurrency spectrum over the past few days. We saw BTC and ETH dropping to approx. $33,000 and $2100 respectively. Retail traders and...

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If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: BTC is moving in a range-bound territory over the past ten days. BTC dominance is below the 40% mark. This is a good time to hold on to your horses before jumping into taking positions....

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Imagine having a tool that helps one predict whether an asset is undervalued or overvalued. The price to earnings ratio is an incredibly powerful tool that is used for valuing the worth of a stock. If the P/E of a company’s stock is 50, it means that investors are willing to pay $50 for every $1 earnings of the company. However, with crypto, there cannot be a...

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Market in the last 1 week DOGEUSD moving in an overall downward momentum along with the lower Bollinger band. This could also be backed by the low daily trading volume suggesting that traders are not confident in the asset at the moment. Trading volume has been on the lower side of the spectrum for about some time which might have led to the current bearish...

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Market in the last 24 hours The price saw a major downtrend in the last 24 hours with the price moving from the middle to the lower Bollinger band. Trading volume has been relatively high in the last 24 hours. Next 24 hours Trend analysis The recent green tick seems to indicate that the price has accepted the bottom Bollinger band as a support line suggesting a...