Kategorie: Altcoin News

Arweave has seen gains in three straight trading sessions. The coin is looking up and could reclaim the important $15 support. But will this trigger a major bull run, and how far can AR actually go? The detailed analysis is below but first, key highlights:

• AR has seen a modest bull run in the last 7 days.

• The coin is up by around 20% as sentiment in crypto improves.

• Arweave could test $18 in the coming days if this trend holds.

Data Source: TradingView

Arweave price analysis: The Short term setup

The crypto market has been very volatile for the better part of 2022. Every time we think we are about to see a decisive turn, prices just crash once more. June has started quite well for most coins. In fact, the overall market cap for the entire industry has gone up by around 20%. 

Arweave appears to be following this broader trend in the market. It is likely the coin will continue rising in fact, once the $15 resistance is breached, AR could target $18 next in a short-term burst of bullish activity. This will represent a 25% gain from the current price. 

The big challenge however for AR bulls will be to keep the momentum going. As we have seen before, most bullish runs in crypto this year have often been pushed by dip buyers. At some point, these short-term traders will cash out. We believe for AR; the cash-out price is $18. So, once the coin starts to get close to that threshold, expect it to pull back to around $13.

Should you buy Arweave?

AR offers a very decent short-term play. Once it crosses $15, there could be a buying opportunity with an exit price of $18. 

Also, from a longer-term point of view, AR is heavily discounted right now. The coin has the required fundamentals to offer double-digit returns in the coming 6 months.

The post Arweave could reclaim $15 support – Should you buy? appeared first on CoinJournal.

When Terra rebranded into Terra Classic, there was a bit of fun fare. But investors did not really buy into the idea. As a result, Terra 2.0 plummeted shortly after launching. The coin has lost 85% from its airdrop price. But there is an opportunity for LUNA to actually deliver astonishing short-term gains. Here are the highlights.

• After massive volatility, LUNA appears to have established strong support at $3.5.

• The coin has also established a trading range between $3.5 and $10.25.

• We expect this range to come into play over the coming weeks.

Data Source: TradingView

How LUNA could deliver 4x growth

Our thesis on LUNA’s short-term bullish setup is based on the range mentioned above. You see, despite facing massive volatility, the coin has established a consistent range between $3.5 and $10. Also, $3.5 is now the strongest support zone, and despite massive selling pressure, LUNA has managed to keep the price above this. 

A consolidation phase is now happening, and in the coming days, LUNA could easily retrace its $3.5 to $10.25 range. This will deliver gains of nearly 3x from the current price. However, we don’t think $10.25 will be the end of everything. 

If LUNA is able to get to double digits within a short time, it could trigger immense demand that could deliver more returns. Besides, there is a very limited downside risk to this setup. Even if LUNA loses the $3.5 support, we expect it to jump right back up in no time.

LUNA’s long-term prospects?

The volatility around LUNA is not going to abate soon. However, we expect the price to be a bit more predictable within the $3.5 and $10.25 range. 

LUNA will likely remain within this range for a few months before it finds any serious upward momentum. The good news however is that downside risk appears to have eased a bit.

The post These Indicators show LUNA could grow 4x in the near term appeared first on CoinJournal.

A combination of a strong use case, low prices, and world cup sponsorship push up CRO’s growth potential

Key points:

• Cronos is one of the few cryptocurrencies that have actual adoption, thanks to the Crypto.com wallet.

• Cronos will get instant visibility to millions of people globally by sponsoring the upcoming FIFA World Cup in November 2022.

• Cronos is currently trading at massive lows, creating an opportunity for long-term investors.

The cryptocurrency market is heavily bearish at the moment. The worst part is that with a top 10 cryptocurrency like Terra going to zero, it can be hard to tell what altcoins to buy and hold long term. While no one can tell what the future holds, the odds are that cryptocurrencies that have actual adoption stand a chance of doing well going into the future. That’s where Cronos comes into the picture.

Cronos (CRO) is one of the few cryptocurrencies with actual usage. Cronos’ best asset is the Crypto.com wallet, heavily adopted by cryptocurrency users globally. They can use it to store crypto, make everyday payments, and even trade crypto. With the adoption of Crypto.com ever going up, the value of CRO, the native token of the Cronos blockchain, stands to go up as well.

Is Cronos a good buy today?

Like the rest of the cryptocurrency market, Cronos has tanked in 2022. However, since the market is cyclic and bull markets follow bear markets, the bear market is a perfect opportunity to invest in Cronos.

Thanks to its strong use case and growing adoption, the odds are that Cronos will do well in the years and even possibly months to come. Besides, Cronos has some push factors to it in 2022 that many cryptos do not have. The FIFA World Cup is coming in November 2022, and Cronos will be among the official sponsors. This means before the end of the year, Cronos will have a level of global publicity that other cryptocurrency projects can only dream of.

If the broader cryptocurrency market is bullish at the time, this is an event that could easily trigger FOMO in Cronos and see it test price levels it has never tested before.

The post Why Cronos (CRO) could be the best crypto bet in 2022 appeared first on CoinJournal.

Shiba Inu is currently trading sideways along a declining trend line. The coin has also managed to consolidate above an important support zone, but upside momentum has been very limited. SHIB is staring at a brutal sell-off in the coming weeks, but this could be avoided if certain conditions in the market materialize. 

Key Points – 

• SHIB has finished a consolidation phase without really breaking out.

• This shows weakness, and the token could fall below the $0.0000101 support.

• The coin will phase a 40% wipeout from its current price if this happens.

Data Source: TradingView 

How can SHIB avoid this decline?

It’s very difficult right now to see any decisive bullish run for SHIB. The market in general has not favored meme coins. In fact, after crashing in May, SHIB has recovered very modestly compared to other coins. It has also traded sideways for the past two weeks along a declining trend line. 

This suggests that there is no momentum for any real bull run. So, to avoid a sell-off, the meme coin needs to hold the $0.0000101 support. So far, SHIB is slightly above this, and we have not seen any bear pressure. 

However, as market conditions change, a dip below$0.0000101 could come in the next week or so. When this happens, it will trigger a major sell-off that could push SHIB lower by nearly 40%. Recovery from this fall may also not be as quick as we want.

What Happens to SHIB investors?

It’s just a wait and see game for now. The biggest test will be how long the coin holds off bears above the $0.0000101. 

If indeed SHIB is able to close the week above this price, then bulls can take a breather. But still, upward momentum for SHIB is highly limited at the moment.

The post How can Shiba Inu avert a brutal sell-off in the coming weeks? appeared first on CoinJournal.

As the crypto market starts to rally, several major coins have reported modest gains. However, Waves appears to be outperforming the entire market by huge margins. The coin is seeing rapid recovery and a trend reversal that could deliver immense gains in the near term. Here are the highlights:

• WAVES has surged by around 60% in the last 24 hours

• The coin has managed to reclaim two important support zones in this bull run

• The momentum will likely push WAVES towards $12 in the coming weeks.

Data Source: TradingView 

WAVES price analysis and prediction

In 2022, the broader crypto market has seen major weakness. But despite this, WAVES has remained one of the most stand-out performers. The coin however saw one of its worst sell-offs of the year in May. The step decline pushed it towards a bottom price of $4.18. It seemed at the time that all the momentum and the gains WAVES had built this year were all gone. 

But we are now seeing a stunning recovery. In fact, WAVES has surged by nearly 120% from its lowest price in May. The coin is now testing the crucial overhead resistance of $9.2. 

If indeed WAVES is able to cross above this, it will surge towards $12 in the coming days. This will represent gains of around 50% from the current price. It will also mean that WAVES would have delivered nearly 3x gains in barely weeks.

Can WAVES keep the uptrend going?

It’s not the first time WAVES has rallied impeccably this year. However, in almost all these instances, the coin has retreated sharply from highs. The key in this bull run will be to see how long the price will stay above $12.

If there is consolidation there for a few days, then a retreat will be less severe. But in the short term, WAVES offers incredible upswing potential.

The post Waves fast recovery could push the token towards $12 appeared first on CoinJournal.