Crypto News Archive - Seite 1724 von 1838 - Finanzmittel Info + Krypto + Geld + Gold

23. Februar 2022

Following the dips – Top crypto assets to watch in the recent slump

The crypto market has dipped quite significantly in the last two weeks or so. Bitcoin for instance has tanked below $40,00 after recently testing $45,000. It’s not clear when the downtrend will abate. But even then, there are still some decent dips that you can consider. Here is why:

The current dip has been triggered mostly by geopolitical factors.
There is no significant systematic risk in the market as of now.
The crypto market is expected to rebound in the near term.

So, if you want to ride the coming recovery after the recent slump, then we have some assets to watch out here below:

Ethereum (ETH)

Ethereum (ETH) was predicted to hit $10,000 in 2022 after a very good performance in 2021. But the coin has not started the year in the same fashion. After slumping to around $2000 in January, we saw some decent bullish momentum at the start of this month.

Data Source: Tradingview

At some point, ETH was even about to thrust over $4000. But ever since, the coin has fallen. At press time, it was trading at around $2500. We expect ETH to bounce back to $3200 in the near term, so it’s a great dip to check out.

Near Protocol (NEAR)

The fundamentals of the Near Protocol (NEAR) have often been quite decent to say the list. But the coin is really bleeding right now, losing over 20% in the last 7 days. Although a rebound won’t come soon, it will manifest eventually. NEAR is at the moment is trading at $8.63, a massive discount considering the potential it has.

Theta Network (THETA)

Theta Network (THETA) has also been in the crosshairs of the Ukraine-Russia tensions. The coin has fallen by over 25% in the last 7 days. This weakness is likely to continue of course but there is still a lot of upsides to gain once the market rebounds.

The post Following the dips – Top crypto assets to watch in the recent slump appeared first on Coin Journal.

22. Februar 2022

Algorand (ALGO) price analysis – Why a 40% correction is coming?

Broader weakness in the crypto market has been quite evident over the last week or so. As a result, we are starting to see Algorand (ALGO) forming a bearish pattern that could lead to a massive price correction. Here are some highlights:

At press time, Algorand (ALGO) was trading at around $0.81, down 5% for the day.
The $0.8 mark has proved to be a crucial support line but we expect ALGO to fall below that.
When this happens, the coin could push towards $0.5 in the near term.

Data Source: Tradingview

Algorand (ALGO) – The coming 40% correction?

There is no doubt the broader crypto market has seen a lot of weakness in recent days. Algorand (ALGO) has also followed suit. After a more robust performance at the start of the month, the coin is now on the decline.

The $0.8 mark remains one of the key support zones. Although bulls have done well so far to maintain the price action above this, we don’t expect ALGO to hold out for much longer. As a result, the coin could fall to $0.5 before we start to see any signs of a trend reversal.

This will represent a correction of nearly 40%. However, if bulls can somehow manage to send ALGO above $0.9, the bearish outlook may abate in the foreseeable future. At press time, the coin was trading at $0.81.

Is it the right time to buy Algorand (ALGO)?

Well, most coins right now are trading lower, so if you are a dip buyer, this would be the time to come in. But when you consider that more weakness is projected on Algorand (ALGO), it would be more prudent to sit out for now and wait for the price to decline further. At least that way, you get minimal downside risk and a discount when you decide to buy.

The post Algorand (ALGO) price analysis – Why a 40% correction is coming? appeared first on Coin Journal.

22. Februar 2022

Axie Infinity (AXS) could bounce back by about 15% despite recent selling pressure

Axie Infinity (AXS) has seen some correction after surging quite impressively earlier this month. The coin has seen a 50% retracement of its price and is now looking well and truly in a bear market. But despite this, we still think there is real potential for a decent upside. Here are some highlights.

In recent days, AXS has bounced off between $45 – $49 after a 50% price retracement.
The coin could however pull back up to $55 in the near term.
At press time, AXS was trading at $49, down nearly 8% over the last 24 hours.

Data Source: Tradingview

Axie Infinity (AXS) – The outlook so far

It was largely expected that at some point, the crypto market will pull back after surging in February. But much of the slump we are seeing right now has largely been triggered by geopolitical tensions in Europe.

Axie (AXS) has as a result, seen a 50% retracement from its early February highs. At the moment, the price action has been bouncing off between $45 and $48. We don’t think this will remain the case for long. In fact, we expect the coin to test its overhead resistance of $55 in the coming days.

This will represent an upswing of around 15% or thereabout. While we don’t see AXS reclaiming its February high of $72, bulls will try to consolidate above $55 before the next leg up.

Why you should put Axie Infinity (AXS) on your watchlist

Metaverse and blockchain gaming tokens delivered insane growth last year, Axie Infinity included. While most of these tokens have slowed this year as the broader market continues to struggle, the metaverse is one of the most exciting areas of the crypto-verse.

Besides, it’s just recently when AXS was trading at over $200. It’s not inconceivable that the coin may get there again.

The post Axie Infinity (AXS) could bounce back by about 15% despite recent selling pressure appeared first on Coin Journal.

22. Februar 2022

Solana (SOL) bears eye $75 as sell-off in crypto continues to intensify

It doesn’t seem like long ago when there was talk of Solana (SOL) smashing past $500. But the altcoin, like many assets in the market, has seen massive corrections. The recent one came barely a few days ago, and bears now have the upper hand. Here are some highlights:

Solana (SOL) will continue to see more weakness and could hit $75 in the days ahead.
At press time, the coin was selling for $83, down about 5% for the last 24 hours.
There are fears that severe headwinds in the market could trigger a complete price capitulation.

Data Source: Tradingview

Solana (SOL) – Where does it end for bears?

There is no arguing that right now, bears have the upper hand as far as Solana (SOL) goes. The coin has faced one of the largest sell-offs of any major coins in the last week or so, and based on the chart pattern; bears are targeting $75 in the coming days.

Also, bulls have struggled to gain any traction. In fact, our analysis shows that for this bearish outlook to be invalidated, the coin would have to push a weekly close of $93 on Friday.

While this is not entirely impossible, based on the current sentiment in the market and prevailing geopolitical factors, it is highly unlikely. We are going to watch and see if the weakness continues below $75.

Is Solana (SOL) still hot?

When Solana (SOL) came out, it was by far one of the hottest projects in crypto, and it remained so for quite some time. It’s still arguably one of the most promising coins to buy.

But with the current volatility in the market, it’s probably not the best time to invest. It would be advisable to watch the sentiment and buy when there are some signs of improvement.

The post Solana (SOL) bears eye $75 as sell-off in crypto continues to intensify appeared first on Coin Journal.

22. Februar 2022

Uniswap (UNI) could crash to $5 in the coming days – Here is why

The initial climb by Uniswap (UNI) earlier in February appears to be evaporating. It’s been day after day of losses for the DEX, and there are signs that the bleeding will continue in the coming days. But how far can bears take the price action? Here are some highlights:

Uniswap (UNI) could crash to $5 before it finds its next leg up
The coin was trading at around $8.74, down by nearly 7% in 24 hours at press time.
The price action is within a crucial demand zone but so far bulls are staying off.

Data Source: Tradingview

Uniswap (UNI) – why a crash to $5 is likely?

As noted above, UNI has entered a crucial demand zone. Looking back at the chart, every time the token has entered the range of between $ $7.31 and $9, bulls have come in and bought in huge numbers. We are not seeing that right now.

In fact, even though at present UNI is trading at around $8.74, the bearish trend appears to be holding steady. We are watching to see if there will be any bullish activity in the coming days.

If indeed, UNI is able to generate demand and push back above $10, it could suggest more gains. But with sentiment in the market largely fearful, we don’t expect this to happen. Instead, UNI could slip below its demand zone and eventually settle at $5 in the coming days.

Is Uniswap (UNI) still a good investment?

The dip in crypto prices is a sign that perhaps this may not be as much of a smooth year as 2021. But even then, the long-term outlook on Uniswap (UNI) still remains very positive.

In fact, if indeed the coin drops to $5, get it. Even if you don’t end up holding for long, there is a chance the downward trend will reverse, and UNI will be back to double figures in no time.

The post Uniswap (UNI) could crash to $5 in the coming days – Here is why appeared first on Coin Journal.