Crypto News Archive - Seite 1704 von 1892 - Finanzmittel Info + Krypto + Geld + Gold

5. April 2022

Whale holdings in Cardano (ADA) drop to all-time lows – Should you be worried?

Despite showing strong bullish momentum in the last few weeks, it seems large wallets are not buying Cardano (ADA) as they used to. In fact, we have seen the exact opposite. But what does this mean? Is ADA risking a sell-off? Not exactly. Nonetheless, here are some important facts:

Whale holdings for ADA are now at an all-time low
But an influx of institutional money in 2022 could help balance the scales
ADA remains bullish and is up nearly 35% from its lowest price in 2022.

Data Source: Tradingview

Cardano (ADA) – Does loss of whale accumulation matter?

Well, at the end of the day, large wallets will have a massive impact on the price action of any coin. In an ideal situation, you would want to have whales holding an asset for longer. That is always a good sign.

But despite this, it doesn’t seem like ADA has largely been affected by a drop in whale holdings in fact, in the midst of all this, the coin has surged to its best possible price in 2022 and remains well above its yearly lows as well.

Besides, although whale holdings for ADA are at an all-time low, large wallets still hold a lot of Cardano. At least 83% of all ADA coins in circulation are held by large wallets. So, there is still a long way to go before a drop in whale accumulation starts to have a real impact.

What is Cardano’s long-term outlook?

Cardano still maintains a very positive long-term outlook. Conservative estimates expect ADA to close out 2022 at $4, which will be about 4 times its current price.

In that case, even if whales are dumping some of their ADA holdings, this does not change the fact that the coin could still deliver immense value for investors in 2022.

The post Whale holdings in Cardano (ADA) drop to all-time lows – Should you be worried? appeared first on Coin Journal.

5. April 2022

Aave (AAVE) to continue recent uptrend despite rejection at crucial resistance zone

Aave (AAVE) has ranked among the top 5 best performing major crypto assets in the last two weeks. The coin has been on a major uptrend and in fact, it managed to break above $200 for the first time this year. So, where does the price action go from here? Here are some pointers to keep in mind:

After surging towards $230, AAVE appears to have lost its upward momentum.
The coin has largely remained in sideways trading for the last two days
AAVE was also rejected at the crucial $241.8 resistance level

Data Source: Tradingview

Can Aave find momentum?

The rejection at $241.8 was a big letdown for bulls who had managed to push AAVE quite high in the last 14 days. In fact, the coin has since retreated and is trading at around $231. We expect bulls to try and breach the $241.8 price in the coming days.

Although this will be difficult given the current stagnation in the price action, it is not impossible. A break above $241.8 will push AAVE further above $261 before any resistance. This will represent a 15% upswing above the current price.

Despite this, there is still a very big risk of retracement. Remember AAVE has largely trended upwards for the most part of March. A correction is, therefore, due and as such, we could see a strong retracement that takes the coin back to $210. However, if the price action stays above $230, more upside will come.

Why should you consider AAVE now?

We still think that there is a little bit of upward momentum left for AAVE. In fact, a sharp rise toward $260 is still possible. Buying now will therefore give you a chance to make back at least 20% in returns.

But the risk of retracement on the downside should not be ignored. If bulls cannot keep the price above $230, then you should probably wait for it to fall back to $210 or thereabout before buying.

The post Aave (AAVE) to continue recent uptrend despite rejection at crucial resistance zone appeared first on Coin Journal.

5. April 2022

Dogelon Mars (ELON) remains highly vulnerable despite the recent rally

Over the last two weeks, Dogelon Mars (ELON) has reported a sharp recovery from March lows. The coin, like many others in the market, is riding an upward wave of improved investor sentiment. But it seems like ELON is very vulnerable to a major sell-off. Here are the facts:

After that strong rally over the last two weeks, ELON has now firmly stagnated
The meme coin has since lost nearly 30% of its value from its highest price in March.
It is likely the downtrend will continue in the weeks ahead.

Data Source: Tradingview

Dogelon Mars (ELON) – What to expect

We knew that it was a matter of time before the ELON rally lost a bit of steam. But it seems the meme coin is reversing faster than expected. After surging to $0.0000014, ELON was trading at its highest level this year, and it had managed to smash past several key resistance zones.

But the recent pullback is worrying. For instance, the meme coin has fallen about 30% from its March highs. More worryingly, it has dropped below $0.0000012, an important support zone that bulls couldn’t hold.

At the moment, it looks like the price is consolidating with very modest losses in the last 24 hours. If bulls are able to find enough demand, $0.0000012 will be the next target. Failure to cross over that price will mean another pullback will be likely.

How to play Dogelon Mars (ELON)?

Meme coins are very tricky because they can swing up and down very fast. But for ELON, there is a short-term play here. So far, the coin has fallen below $0.0000012.

If somehow bulls can take the price above that, then you should consider buying. ELON will add at least 35% of its value above that resistance before any pullbacks. But for now, there is just too much risk to buy right away.

The post Dogelon Mars (ELON) remains highly vulnerable despite the recent rally appeared first on Coin Journal.

5. April 2022

Filecoin (FIL) could target $32 despite the recent fallback as bulls search for momentum

The last 7 days or so have been quite brilliant for Filecoin (FIL) investors. The coin has surged but in the last few days, it looks like it has slowed. In the last 24 hours, the coin was largely trading sideways. But there are a lot of upsides. Here are some facts:

A bull flag has appeared on the daily chart that suggests a strong uptrend
FIL could surge past $32 or even higher in the near term.
Filecoin has also crossed a major resistance zone over the last 24 hours.

Data Source: Tradingview

Filecoin (FIL) – Is $32 likely?

The stagnation we saw in Filecoin’s price action appears to be nothing more than consolidation. In fact, during this period, the token managed to cross above $26. This means that the price is now above the crucial resistance zone of $25.9. It will be interesting to see if bulls can sustain this in the days ahead.

However, if we close today’s trading above $26, then FIL is headed for a major upswing. Besides, the bull flag that has appeared on the chart also suggests a strong uptrend. The coin could surge towards $32 before it encounters major resistance.

If indeed bulls are able to push further above the $32 mark, it is likely that more gains will follow, with FIL hitting $40 in the long run. This will represent gains of nearly 60% from the current price.

Is it time to buy Filecoin (FIL)?

The simple answer is yes. However, it would be best to wait until the end of trading today to see if bulls can keep the $25.9 support. Right now, the price is slightly above that, but it’s consolidating.

If indeed we start tomorrow’s trading above $26, then FIL will be a great buy. You can expect it to hit at least $32 in a worst-case scenario or $40 in the best-case scenario.

The post Filecoin (FIL) could target $32 despite the recent fallback as bulls search for momentum appeared first on Coin Journal.

5. April 2022

Quantstamp (QSP) could rally to $0.1 – Here is how this will happen

As trade volume for Quantstamp (QSP) fell sharply over the last two days, the price action has somewhat slowed. It seems like the coin is trying to consolidate the gains made over the last week before trying to rise again. But how far can it really go? Well, we’ll discuss this further but first, here are the latest developments:

QSP is up nearly 83% from its lowest price in 2022.
The coin is also trading well above its 25- and 50-day moving averages
Despite this, Quantstamp is still facing major resistance before breaking to $0.1

Data Source: Tradingview

Quantstamp (QSP) – The road to $0.1

The biggest threat for QSP bulls is the fact that the coin has actually rallied after hitting its lows this year. In fact, the price is almost double its lowest level in 2022 and as such, QSP may be ready for a correction. Despite this, other indicators appear bullish.

For instance, QSP is now trading above its 25- and 50-day SMAs. This indicates an important bullish alignment. Also, the coin has consolidated gains in recent days, something that suggests people are not selling. What remains now is for bulls to try and smash the $0.078 resistance zone.

QSP is still a bit further away from that. However, if the price action pushes above that zone, then $0.1 will be the next stop. As a result, QSP could offer an upswing of about 45% from its current price.

Quantstamp (QSP) – Should you go short or long?

As a long-term asset, Quantstamp is actually a very decent buy. The coin has incredible underlying fundamentals and should be perfect. But there is also a very good short-term play here that can lead to very good gains.

$0.078 is the key, and If QSP manages to smash that, then there is enough upside to deliver at least 30% in additional gains.

The post Quantstamp (QSP) could rally to $0.1 – Here is how this will happen appeared first on Coin Journal.