TradeDog-Research

TradeDog-Research

Over the past week, Bitcoin's performance leaned towards the bearish side, with its price struggling to maintain stability above the critical $40K mark. The cryptocurrency experienced several dips below this level, hinting at a potential descent towards the $38K support line if the downtrend continues. On the technical front, Bitcoin's journey into the bearish...

TradeDog-Research

The recent price movements of Bitcoin have been heavily influenced by anticipation surrounding the approval of its ETF by the SEC. At the beginning of the year, the cryptocurrency showed promising upward momentum. However, things took a sharp turn when Matrixport's research report suggested that the SEC would likely reject all ETF proposals this month, leading...

TradeDog-Research

Last week, Bitcoin's volatility surged to 0.49, making it a rollercoaster ride. Starting at $38K resistance, it dipped to $35K, rallied back, but faced a second downturn at the same mark. Currently in a rising channel pattern, Bitcoin aims for a 3rd test of resistance, though bulls show weakness at the 0.786 FIB level. RSI remains positive, hinting at a...

TradeDog-Research

Last week was highly anticipated for Bitcoin (BTC) enthusiasts, as it saw the price surge above levels not seen in over a year. This bullish momentum, breaking through the $35,000 mark, is largely attributed to the growing optimism surrounding the potential approval of a Bitcoin Spot ETF by the SEC. Taking a look at the moving averages, the MA-20 (in red) has...

TradeDog-Research

The start of this month went quite bullish for the world’s largest cryptocurrency as it formed multiple bullish engulfing candles to test the resistance present around $28.5K. However, selling pressure kicked in soon after the bullish momentum, forcing the price level to drop below 0.618 FIB on the Fibonacci retracement table. BTC might be looking to form a...

TradeDog-Research

The past week's outlook for Bitcoin was significantly positive as the price level had a sudden surge after testing the support level of $25K. Weekly, BTC is up by 3.22%. The current price level is also sustaining the bullish momentum that occurred during the past week, building the support zone below the 0.786 FIB level on the Fibonacci retracement table....

TradeDog-Research

The world’s largest cryptocurrency is once again trapped in the consolidation phase after having a sudden spike to the price level of $28,000 during the past month. The current consolidation range lies between the price level of $25,000 to $26,000. The resistance zone on the Fibonacci retracement table can be placed above the 0.618 FIB level, while the support...

TradeDog-Research

The rangebound momentum is proving to be everlasting for BTC as it is still hovering between the price range of FWB:29K to $30K. However, it faced multiple breakdowns below the crucial support level of FWB:29K in the past week. This indicates that the sellers planning to close their position on BTC above $ 30K may have started to sell below it. The...

TradeDog-Research

On the Daily Time Frame, BTC has formed a Head & Shoulder Pattern with the neckline present at ~$44.3K. While it has broken down from the trendline, the further movement would largely depend on whether the price would continue its downward journey or it may also exhibit a breakdown failure at the current levels. While it has formed indecision candles for the...

TradeDog-Research

BTC witnessed a volatile last week as it traded in a range of $44,000 to $49,000, it faced strong selling pressure at the higher levels which triggered the downside rally. However, it closed the weekly candle in the green territory and formed a Doji kind of a candlestick pattern. Crypto markets started this week with negative sentiments as the top crypto assets...

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LUNA is the reserve currency of the Terra platform. As the Terra protocol is a Proof of Stake (PoS) based blockchain wherein the miners are required to stake their Luna tokens in order to mine transactions. As the probability of a validator being able to mine the next Terra block is directly proportional to the staked Luna tokens, thereby, Luna holds key...

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Elrond presents itself as a Scalable blockchain solution that leverages the sharding technique to offer extremely fast transaction speeds. It has developed Maiar- a digital wallet and global payments app with the aim to redefine how we interact with money by allowing easy yet secured accessibility and exchange of your digital assets. By Sep 6, 733K accounts have...

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My Neighbour Alice is a blockchain-based multiplayer builder game that allows players to buy, own and develop virtual lands on the platform leveraging NFTs. My Neighbor Alice has launched the Pre-Alpha version for playtesting on Aug 31 which would ultimately be a milestone in the development of the NFT platform while the overwhelming response from the community...

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Polkadot is currently in the Parachain Rollout (Final) phase of its Blockchain development. As parachains get tested and optimized on parachain testnet and Kusama, Polkadot governance can rollout parachain slot lease auctions. As the parachains get live on the network, Polkadot will be officially launched. Polkadot has been conducting various webinars to spread...

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Origin Protocol is built with the vision to bring NFTs and DeFi to the masses. The protocol is backed by some prominent institutional investors such as Blockchain.com Ventures, Hashed and Pantera Capital. The team includes serial entrepreneurs- Founder of PayPal, early employees at YouTube, and engineering managers at Google and Dropbox. The expertise of the team...

TradeDog-Research

As per the data provided by DeFiLlama, PancakeSwap has retained the second spot amongst the DEX and has locked in $6.4B in its protocol. Total Liquidity in the protocol has gained 30% in the past 1 month which lies in tandem with the current Bull rally in its native token. The support to the lower side is present at $20 while it may face resistance at the...

TradeDog-Research

My Neighbour Alice is a blockchain-based multiplayer builder game that allows players to buy, own and develop virtual lands on the platform leveraging NFTs. My Neighbor Alice is set to launch the Pre-Alpha version for playtesting on Aug 31 which would ultimately be a milestone in the development of the NFT platform and could potentially surge the price of its...

TradeDog-Research

Alpha Homora has retained the 6th spot in the list of lending protocols as per the data provided by DeFiPulse. At the time of writing, Alpha has locked in value worth $1.2 Bn in its protocol. In the last 30 days, TVL in the protocol has increased by 20%, while year-to-date, TVL in the Alpha protocol has increased by 6.36x, from $188.5 million on January 1 to...