• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Idelto

Cryptocurrency news website

  • About
  • Monthly analysis
    • August 2019
    • July 2019
    • June 2019
  • Bitcoin/Ethereum
  • How to invest in cryptocurrencies
  • News

Market Updates

Biggest Movers: XMR and SOL Higher on Monday

16/05/2022 by Idelto Editor

Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the biggest climbers, with solana also moving higher during the session.

Monero (XMR)

XMR was one of Monday’s biggest gainers, as prices rose by almost $20 from lows during Sunday’s session.

Following a low of $128.00 on Sunday, XMR/USD rallied to an intraday high of $174.62 to start the trading week.

Monday’s top came as prices surged for four consecutive sessions, hitting a near one-week high in the process.

Since these highs earlier in the day, XMR is now trading marginally below a ceiling of $173.00, as bullish strength faded as the day progressed.

The 14-day RSI is now trading at a resistance level of its own, which is below 43.14, and should it break, we could see XMR break resistance for the first time since March.

Should this happen, prices could move closer to the $200 region. A point which monero last hit only eight days ago.

Solana (SOL)

Following three consecutive sessions of gains, SOL was also higher to start the week, however prices declined as the day progressed.

On Sunday, SOL/USD finished the day trading at $53, and went on to hit a peak of $58.88 during the early part of Monday’s session.

Since then, prices have slipped, and as of writing SOL is currently trading at a level of $52.32, which is close to a one-week low.

Overall, SOL has dropped by over $100 since the beginning of April, with prices dropping below $35 last Thursday.

Looking at the chart, the 14-day Relative Strength Index is now tracking at 33.26, which is marginally below a ceiling of 36.

Bulls are likely going to attempt to push prices towards $70, if price strength moves past the current obstacle in the RSI.

Could we see runs higher in upcoming sessions? Let us know your thoughts in the comments.

Filed Under: Analysis, English, Market Updates, Monero, News Bitcoin, SOL, Solana, xmr

Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 to Start the Week

16/05/2022 by Idelto Editor

Following a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor. Overall, bitcoin was trading marginally below $30,000, with ETH hovering slightly above $2,000.

Bitcoin

BTC started the week trading below $30,000 following a volatile weekend of trading, which saw prices mainly consolidate.

Following a rise to a peak of $31,308.19 during Sunday’s session, BTC/USD fell to an intraday low of $29,412.58 on Monday.

Today’s low has seen prices approach the long-term support level of $28,800, following a rebound from this point on Saturday.

Overall, price strength continues to hover in oversold territory, with the 14-day relative strength index (RSI) tracking at 32.44.

This is below a resistance level of 36.40, which was held on Sunday, leading to today’s selloff, as bears re-entered the market.

Should this momentum continue, we will likely see the price floor of $28,800 hit, with a chance of a potential breakout towards $25,000.

Ethereum

The world’s second largest cryptocurrency also started the week lower, however, it was able to stabilize above the $2,000 level for most of the session.

ETH/USD dropped to a bottom of $2,000.09 on Monday, which is around 3.27% lower than yesterday’s peak of $2,147.19

Similar to BTC, today’s drop sees ETH move closer to its price floor, which is near the $1,950 level.

As of writing, prices are trading slightly higher at $2,024.92 following previous lows. However, the 10-day moving average is still pointing to further downwards momentum.

This trend was magnified after the 35.35 resistance level on the 14-day RSI failed to break out during yesterday’s session.

As discussed earlier with bitcoin, we may inevitably see further lows in the coming days, but how low prices will drop will be the key question to ask.

Do you expect ETH to stay above $2,000 this week? Leave your thoughts in the comments below.

Filed Under: Analysis, Bitcoin, BTC, English, ETH, Market Updates, News Bitcoin

Biggest Movers: LUNA Climbs 1,500% Following Do Kwon Tweets, While AVAX and NEAR Fall on Saturday

14/05/2022 by Idelto Editor

Following tweets from Terra founder Do Kwon, LUNA surged by over 1,500% on Saturday. However, with several exchanges halting deposits, only those who entered at the very bottom have seen these gains. This comes as AVAX and NEAR both fell by over 20%.

Avalanche (AVAX)

Although LUNA was undoubtedly today’s biggest gainer, recent volatility and price action makes it almost impossible to truly analyze.

However, another relative big mover in today’s session was AVAX, which fell by as much as 20%.

AVAX/USD slipped to an intraday low of $29.55, which as of writing, is 20.83% lower than Friday’s peak of $37.72.

Since breaking out of its long-term support level of $65.60 only ten days ago, AVAX has dropped for eight of those sessions, to now trading at a new floor.

This new support looks to be the $28.80 level, which is marginally above a nine-month low in prices.

Despite this recent decline in value, bulls are optimistic about a recovery, as the RSI hovers in oversold territory, which has led some to believe that price strength can only go up from here.

Near Protocol (NEAR)

SOL was also down close to 20% on Saturday, however the drop in NEAR sent prices closer to a nine-month low of its own.

Following a high of $7.58 on Friday, NEAR/USD sank to an intraday bottom of $5.98, which is over 21% lower than yesterday’s price.

NEAR has broken out of two key support levels in the last ten days —first, that of the $12.60 point, and more recently the $9.90 level.

As a result of these drops, it has been a struggle for traders to find a new floor, however this seems to have come at $6.00.

Despite prices falling to $3.57 earlier this week, which is the lowest level since last August, we have seen a slight recovery, as AVAX consolidates at the new support point.

The RSI is also tracking in oversold territory, and as of writing is at 25.76, which is its weakest point since September 2020, when the first AVAX token was issued.

Is this an ideal time for bulls to re-enter the market? Let us know your thoughts in the comments.

Filed Under: Analysis, AVAX, English, LUNA, Market Updates, Near, News Bitcoin, SOL

Bitcoin, Ethereum Technical Analysis: ETH Back Below $2,000, BTC Down 6% to Start the Weekend

14/05/2022 by Idelto Editor

Following a strong rebound on Friday, crypto prices moved back into the red today, with BTC falling below $30,000 to start the weekend. ETH also moved lower, as its own price slipped below the $2,000 level during Saturday’s session.

Bitcoin

On Saturday, bitcoin’s price fell below $30,000, as crypto bears returned to action to start the weekend.

Following a rise of nearly 10% during Friday’s session, BTC/USD fell to an intraday low of $28,860.79 earlier today.

Saturday’s decline comes after prices hit a peak of $30,924.80 yesterday, as LUNA appeared to have finally fallen into crypto irrelevancy.

However, as LUNA spiked by almost 2,000% in today’s session, the volatility and general uncertainty in markets likely contributed to BTC’s selloff.

Looking at the chart, the 14-day RSI is now trading lower, as it fell to a bottom of 25, which is a floor that has not been broken since late January.

Should this change, then we will likely be looking at bitcoin trading closer to $25,000 in upcoming sessions.

Ethereum

The world’s second-largest cryptocurrency also moved lower to start the weekend, as ETH fell below $2,000 on Saturday.

ETH/USD dropped to a bottom of $1,964.65 on Saturday, which is around 7% lower than yesterday’s peak of $2,139.71.

As a result of today’s move, prices are now hovering close to a support level of $1,950, which was the starting point of Friday’s rally.

Similar to BTC, the 14-day Relative Strength Index on the ethereum chart is also tracking around 25, which is its lowest point in over four months.

We have already seen prices of ETH fall to as low as $1,695 this week, and should the RSI continue to weaken, we might soon revisit these lows.

Overall, ETH is down over 26% in the last seven days, with BTC trading almost 20% lower in that same period.

Could we see these support levels broken this weekend? Leave your thoughts in the comments below.

Filed Under: Analysis, Bitcoin, English, ETH, Ethereum, Market Updates, News Bitcoin, Technical Analysis

Biggest Movers: SHIB, DOT Nearly 30% Higher, as SOL Also Surges

13/05/2022 by Idelto Editor

Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today’s session.

Polkadot (DOT)


DOT was one of today’s biggest gainers, as it climbed by nearly 40% during Friday’s stretch, moving away from recent lows in the process.

On Friday, DOT/USD surged to a peak of $11.73, which comes less than 24 hours after it hit a low of $7.04

This bottom was the lowest level DOT has reached since January 2021, and came as prices fell for eight of the last nine days.

Today’s rally commenced as prices jumped from a now support level of $8.50, climbing by as much as 38% to its intraday high.

Despite the rise, the 14-day RSI is still marginally oversold, and currently tracks at the 37.87 level, which is just below a ceiling of 40.

Should we see this ceiling broken, then we will see the price resistance of $12.50 also give way.

Shiba Inu (SHIB)


While SOL, MATIC, and AVAX were all trading by as much as 20% higher on Friday, it was a meme coin which was today’s most notable secondary mover.

SHIB was easily one of today’s biggest gainers, as it too rallied away from recent lows, following this week’s crypto sell-off.

Following a low of $0.00001041 on Thursday, shiba inu rose to an intraday peak of $0.00001426 to end the week.

Today’s move saw SHIB/USD move away from a recent eight-month low, as prices look to stabilize in the aftermath of recent declines.

Looking at the chart, the rally came as the 14-day RSI moved past a resistance level of 33.60, and is now tracking above 35.

The next notable ceiling is at the 40 mark, which may test bullish pressure, with some likely to use it as an opportunity to exit, while securing gains.

Will today’s crypto rally extend into the weekend? Let us know your thoughts in the comments.

Filed Under: Analysis, AVAX, DOT, English, Market Updates, News Bitcoin, shib, SOL

  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Interim pages omitted …
  • Go to page 70
  • Go to Next Page »

Primary Sidebar

Archives

Recents articles

  • Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products
  • Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency, Crypto Transactions
  • Former Fed Chair Bernanke: Bitcoin Is Mainly Used in Underground Economy for Illicit Activities
  • Five Stalls That Caught My Attention At Bitcoin 2022’s Bitcoin Bazaar
  • How Bitcoin Should Be Upgraded In The Future
  • Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF
  • China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities
  • Bitcoin Songsheet: Wind And Solar Are The Altcoins Of Energy

© 2022 · Idelto · Site design ONVA ONLINE

Posting....