Tether, the biggest stablecoin by market capitalization, recently announced that it launched the Tether USDT cryptocurrency on Solana, which has become the 7th network to support the stablecoin.

The stablecoin is already supported by the Ethereum, Tron, Algorand, EOS, Liquid Network, Omni, and Bitcoin Cash networks, which has allowed the currency to reach a market capitalization of over $37 Million and occupy the 4th spot in the cryptocurrency ladder.

The Solana Token, SOL, saw its price spike after the announcement by reaching a value of $16.32, the closest the token has got to its all-time high of $18.12 back on February 24th.

Tether expects that with the addition of USDt to Solana, users will be able to enjoy the speeds of more than 50k transactions per second and low fees the network offers, facilitating the adoption of the currency and boosting innovation in spaces like Decentralized Finance (DeFi).

The addition of USDt support has proven to be beneficial for networks that have integrated in the past by attracting investors who see the stablecoin as safe haven in times of high market volatility, as well as crypto enthusiasts that rely on the stablecoin due to its 1-on-1 peg to the US dollar.

Back in late February, Tether announced that there were forged documents circulating online that aimed to undermine Tether and cryptocurrency’s credibility.

The group behind the extortion was asking 500 BTC to be sent to prevent the leak of the documents, which according to them could “harm the bitcoin ecosystem”.

Tether stated that they believe the extortion was a “pretty sad attempt at a shakedown” but it was being taken seriously, with all the information being forwarded to law enforcement for an investigation to take place.

The alleged documents supposedly show an email thread in which a Tether employee’s communicated with a representative from Bahamas bank Deltec would put in doubt the companies claims of its currency’s backing.

Fear, uncertainty, and doubt (FUD) campaigns are not unusual in the cryptocurrency ecosystem but attempts to extortion companies of the size of Tether are pretty unusual.

However, as the cryptocurrency ecosystem continues to grow and more attention is paid to companies behind the projects, these types of actions are expected to increase.

Despite being the most popular stablecoin used by millions, Tether has been in the eye of controversy since its inception in 2014 due to its claims of being backed by US dollars, which has been contested by multiple experts.

The controversy recently resulted in New York’s attorney general, Letitia James, investigating Tether’s operations and going as far as branding the company as “fraudulent” back on February 23rd and imposing an $18.5 million fine.

The reason behind the assertion was that Tether had been operating with the funds that backed the cryptocurrency by interacting with Bitfinex, which according to the attorney general was not aware of the location of the money during the investigation.

While Tether and Bitfinex settled with the general attorney’s office, both companies were banned from offering trading services in the state. Both companies denied any wrongdoing and claimed to pay the fine to “put this matter behind”.

Tether also agreed to disclose additional information about its reserves every quarter to the attorney general’s office and its users, increasing transparency to regain investor confidence.

The stablecoin is seen by many as one of the most influential forces in the crypto market, with personalities like Vitalik Buterin going as far as calling it a “ticking time bomb demon” when referring to the Bitcoin ecosystem, as it has proven to have a considerable impact on the most popular coin’s performance.

In the courts, lawyers representing Ripple asserted that XRP was no different from Bitcoin or Ethereum, and the SEC has deemed those non-security assets while XRP was deemed a security. The SEC countered by saying that Bitcoin is not one single entity, whereas Ripple was, and furthermore had created and issued XRP. On a longer timeframe, XRP reversed its downtrend at $0.43 and broke out of the descending channel it had been trading within since mid-February.

On the charts, the short-term price action was bullish for XRP. There was a region of former supply at $0.052-$0.528 that XRP broke past in recent hours, and could retest as a region of supply in the next day few hours. This retest can be used to enter a long position on XRP.

As previously stated, the price stalled the bearish pressure at the $0.43 mark and has since broken out upwards. Descending channel breakouts generally target the peak of the channel as a target, and in this case, the $0.63 mark is the technical target for XRP.

The 38.2% retracement level at $0.539 is also a level of support just above the $0.52-$0.528 area.

The technical targets pointed at a bullish short-term move for XRP.

The RSI oscillated about the neutral 50 as price dithered beneath the former supply region. The RSI shot sharply upward alongside price, and at the time of writing the most recent closed trading session showed a value of 70 on the RSI.

The Chaikin Money Flow also climbed sharply above +0.05 to show net capital flow into the markets, and the sessions where XRP shot upward had significant trading volume.

The Directional Movement Index also showed a strong uptrend in progress as the ADX (yellow) climbed above 20, and +DI (blue) denoted bullish bias.

The $0.539 and $0.528 areas can be used to buy XRP on a pullback, with a technical target of $0.63 for XRP in the coming days. Aggressive traders can set a stop-loss at $0.51 in the scenario in which these bids are filled.

Crypto.com Coin, Bitcoin SV, Decred Price Analysis: 22 March

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

Ethereum, Dogecoin, XRP Price Analysis: 28 March

Ethereum Price Analysis: 27 March

XRP Price Analysis: 27 March

XRP, Theta, Uniswap Price Analysis: 27 March

XRP Price Analysis: 26 March

Cardano Price Analysis: 26 March

The Bitcoin market has pulled itself out of the earlier $45k-$48k range and has been trading above $57k. At the time of press, the largest cryptocurrency was being traded at $58,335 with a market capitalization of $1 trillion.

The sudden surge which carried BTC to its new all-time high above $60k was followed by a correction. The value of BTC stumbled to $53k, however, it was since pushed higher by the traders.

Bitcoin six-hour chart

The above chart noted these highs and lows witnessed over the past few days. BTC’s current market has been showing signs of consolidation and it may continue with this trend in the mid-term.

Reasoning

The Bollinger Bands had remained diverged after the correction and surge. This push in the price has resulted in the bulls remaining in charge of the current trend. The signal line slipped under the candlesticks indicating the rising pressure. Despite the correction, the 50 moving average was noting that the Bitcoin price has been building higher as it remained under the price bars.

Meanwhile, the Relative Strength Index [RSI] highlighted that as the buying pressure in the market rallied the price also surged. At the time of press, the RSI value was 54, which was close to the equilibrium zone. Currently, the buying and selling pressures were equalized given the value of BTC.

However, despite the bullish market, the momentum has remained low. This indicated that the market may not be prepared for a price swing and may continue to move along the current price range.

Conclusion

The above chart of Bitcoin indicated that the sudden surge and fall has caused the current value to move sideways. This sideways movement may continue as the buyers and sellers evened each other out in the market while the momentum remained low.

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Bitcoin Cash, Dogecoin, FTX Token, Decred Price Analysis: 20 March

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Bitcoin Cash Price Analysis: 27 March

Bitcoin Price Analysis: 27 March

Polkadot Price Analysis: 26 March 

Dogecoin Price Analysis: 26 March

Monero Price Analysis: 22 March

Uniswap Price Analysis: 21 March

The cryptocurrency market has been seeing great volatility over the past few days. This volatility has changed the existing trends in the market for almost all altcoins.

With a market capitalization of $4.171 billion, Monero [XMR] was pushed down to the 28th position on the CoinMarketCap list. The volatility in the market has been pushing the digital asset and at the time of writing, the market was once again seeing changes as XMR was being traded at $233.10.

Monero six-hour chart

The above chart of Monero indicated that the price noted a common trend of a surge followed by a period of consolidation since the beginning of the month. The digital asset has maintained this move as it witnessed a surge in value a couple of days ago, pushing it past the resistance at $225.56. Currently, the price has been consolidated between $225 and $241.

As the market progresses, there were signs that this bullishness in the market may get wiped away as the bears came charging.

Reasoning

Although the market was witnessing great volatility earlier, the current XMR market indicated low volatility. This was highlighted by the convergence of Bollinger Bands. Meanwhile, the signal line which was supporting the price until now was seen moving above the candlesticks.

Whereas the 50 moving average was moving parallel to the candles offering support a little above $225.

Meanwhile, the Relative Strength Index has been noting that irrespective of the volatility in the market, the buying and the selling pressures in the market have remained mostly equal. At the time of writing, the RSI was valued at 52 which meant the buying and the selling pressures were now evened in the market.

Conclusion

A lack of momentum and volatility has maintained XMR’s consolidatory trend. However, the bears were catching up. XMR may have to put to test the support at $225 and if it fails, the value of XMR will drop close to $211.

Litecoin, FTX Token, Compound Price Analysis: 22 March

Uniswap, BitTorrent, DigiByte Price Analysis: 22 March

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Aave, Cosmos, Monero Price Analysis: 28 March

Monero, Zcash, Chiliz Price Analysis: 27 March

Bitcoin Cash Price Analysis: 27 March

Bitcoin Price Analysis: 27 March

Polkadot Price Analysis: 26 March 

Dogecoin Price Analysis: 26 March

The past 24-hours saw increased bullish momentum in the overall crypto market as Bitcoin went past its ATH and surged past $60k. Since then BTC’s price has managed to move slightly upward. Despite the altcoin market having had a traditionally high correlation with Bitcoin, the bullishness hasn’t been uniform. Cardano’s sideways movement continues as the coin continues to trade in a narrow range.

At the time of writing, ADA was being traded at $1.091 with a market cap of $34.8 billion. In the past week’s time, the coin has endured a dip of over 3.5 percent and noted a 24-hour trading volume of over $2 billion.

Cardano 1-day chart

Cardano’s price has been continued in a narrow range over the past week. There hasn’t been enough momentum in the market for its price to move in either direction. The resistance at $1.29 continues to be a formidable barrier and the past few days have seen the price failing to go past this range.

This has led to increased sideways movement and given the overall bearish nature of ADA’s long-term market, it won’t be long before ADA heads towards its immediate support at $0.78. One can argue that if the coin fails to see strong bullish momentum in the near term, and the resistance level at $1.29 continues to remain unbreached, in the coming week, ADA’s price is quite likely to see a dip, giving traders with short positions an opportunity.

Rationale

The MACD indicator illustrates this bearish sentiment in ADA’s market. The signal line continues to hover quite above the MACD line and after having endured a bearish crossover, there seem to be no signs of a reversal. The RSI indicator concurs and continues to remain in the neutral zone with the indicator heading towards the oversold zone.

Important levels to watch out for 

Resistance: $1.29

Support: $0.78, $0.57

Take Profit: $0.78

Stop Loss: $1.26

Risk/Reward: 1.22

Conclusion 

The price of ADA needs to breach its immediate resistance in order for its rangebound price action to come to an end. If the coin fails to breach the resistance level in the coming 24-hours then one can argue that a drop to its immediate support at $0.78 is inevitable for ADA. This is likely to happen over the course of the coming week.

XRP, Monero, Ontology Price Analysis: 14 March

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Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.

Cardano Price Analysis: 25 February

The cryptocurrency market has been dealing with a lot of volatility over the past couple of days. Although the surge in price dragged the digital assets out of a consolidation phase, the correction has been pushing the price of altcoins down. The third-largest cryptocurrency with a market cap of $39.86 billion, Binance coin [BNB] was trading at $256.78.

Binance Coin [BNB] one-hour chart 

The above chart of BNB highlighted how the price of the digital asset was on a gradual downtrend. After hitting $270 the price saw a further drop and was currently at $259.18.

At the time of press, the coin found support at $254.48 and has been holding onto this level. Given the bearishness in the market and the strength of the BNB market, we may be looking at a period of consolidation.

Reasoning

The BNB market was noting a sudden surge in volatility as the correction set in. However, the market has turned bearish since it started to trend lower, but the selling pressure increased as the asset encountered a sudden drop.

However, the buyers were trying to stabilize the price of BNB and pushing it higher from the support. This was indicated by the Relative Strength Index that had dipped in the oversold zone but had now reversed. The value of the indicator was still close to the oversold zone but was pointing towards the equilibrium zone.

Crucial levels

Entry-level: $258.95 Take profit: $270.65 Stop-level: $251.27 Risk to Reward: 1.52

Conclusion

The Binance Coin market may have suffered a strong correction but the price has been holding above support at $254.48. Despite the bearish signs in the market, the value of BNB may move sideways as the remaining crypto market recovers.

Why it’s crucial to keep track of Bitcoin exchange deposits at the moment

XRP, Cosmos, BAT Price Analysis: 15 March

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Binance Coin, Monero, Basic Attention Token Price Analysis: 21 March

Binance Coin Price Analysis: 20 March

Bitcoin Price Analysis: 20 March

Binance Coin, Cosmos, Dogecoin Price Analysis: 19 March

Binance Coin, Ontology, Verge Price Analysis: 17 March

Bitcoin Cash Price Analysis: 15 March

Binance Coin noted exponential growth within the first three months of 2021. The digital asset has been returning 590% in year-to-date to investors and was currently seeing the price stabilize above $260.

At the time of writing, BNB was valued at $267.24, whereas its market capitalization hit $41.425 billion making it the third-largest digital asset in the market.

Binance Coin [BNB] chart

The above chart of the Binance coin was indicating the value of BNB has experienced a sudden surge and drop. This surge helped it hit $300, however, the correction pushed the value back under $250. The price has since been built higher and was currently at $267.

The current price was stabilizing and was holding on to the support at $260 and may continue to consolidate at the current level.

Reasoning

The Bollinger Bands that were diverged due to high volatility have now converged. This convergence of the bands has been indicating the reduced movement of the BNB price. As BNB moved sideways the bands indicated that the market was not expecting a price swing anytime soon. However, this sideways movement could be allowing bearishness to seep in.

The 50 moving average and the signal line were crossing over the candlesticks. This suggested that although the price moved sideways, the trend might be flipping.

Meanwhile, the Relative Strength Index [RSI] remained at equilibrium. This level indicated that the current price was being supported by both buyers and sellers. While the MACD indicator also highlighted this reducing bullishness in the market with green bars fading.

Conclusion

The current BNB market has been seeing the price gain stability above $260. The price may remain at this level for a while, however, with bears starting to creep in, the traders may want to be alert for a trend reversal.

Bitcoin: Is this the deciding factor for further price discovery?

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Bitcoin Cash Price Analysis: 27 March

Dogecoin, Polkadot, Binance Coin Price Analysis: 27 March

Bitcoin Price Analysis: 27 March

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Dogecoin Price Analysis: 26 March

Bitcoin Cash, Bitcoin SV, Binance Coin Price Analysis: 26 March

Many of the market’s altcoins share a high correlation with Bitcoin. At the time of writing, Bitcoin was being traded at $52,593 and saw a marginal price hike of over 0.3 percent in the past 24-hours.

Altcoins like IOTA, Litecoin, and Polkadot have also seen the bearishness withdraw during the same time frame and are now inching upward on their respective price charts.

IOTA

IOTA was trading at $1.44 and noted a market capitalization of over $4 billion. For the past few weeks, the coin traded mostly sideways and this trend seems to be changing at the time of writing. There is increased bullish momentum in IOTA’s market at the moment and the coin may head toward its immediate resistance around the $1.87 price range. The coin also has strong support that has been tried and tested multiple times at $1.26.

Technical indicators however looked bearish at the time of writing. MACD indicator underwent a bearish crossover and Stochastic indicator continued to fall well into the oversold zone. This could signal that a trend reversal was in the works and IOTA may witness a short-term price correction.

Litecoin [LTC]

Litecoin is currently recovering from the strong bearish pressure it faced from 21-25 March. The coin was valued at $176 and has a market cap of over $11 billion. If the upward price action were to sustain, LTC would soon come in contact with resistance at $209, there is also another resistance around the $243 mark; however, it is unlikely that LTC will reach that price level in the coming week. There are also two strong supports at $162 and $137, if the bears were to take control once again.

MACD indicator underwent a bearish crossover and a reversal doesn’t seem likely in the short-term. RSI looked promising and is now moving away from the oversold zone and is currently in the neutral zone.

Polkadot [DOT]

Polkadot currently occupies the 6th spot on CoinMarketCap’s list and was trading at $30.7. The current trading price of the coin is close to the support at $28.3 and if the price were to see a further price drop, then there is also adequate support around the 21.1 range. The past 24-hours saw DOT’s price increase by a marginal 1.7 percent and if the uptrend were to sustain then DOT may soon be faced with resistance around the $41.1 price range.

EMA ribbons have now settled just above the coin’s trading price and are likely to offer a bit of resistance toward its upwards price action. MACD indicator saw the signal line go past the MACD line registering a bearish crossover.

Cardano Price Analysis: 26 March

Without this, ‘Bitcoin might have been a fringe asset’

Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.

Litecoin, Augur, Verge Price Analysis: 30 March

IOTA, Decred, Basic Attention Token Price Analysis: 29 March

Polkadot Price Analysis: 29 March

Algorand, Chiliz, Polkadot Price Analysis: 28 March

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Ethereum met with rejection above $1,841.9 and projected consolidation within its present channel. Tron could move below $0.06-support and stabilize at lower levels. Lastly, a retest of the $1.24 level could see ALGO test $1.35 resistance once again.

Ethereum was rejected above the $1,841.9 mark and the price moved back within a range at the time of writing. While the consolidation phase continues for the world’s largest altcoin, bulls must be wary of losing out to $1,725.9 support. Since the aforementioned support coincided with the 200-SMA (green), a breakdown from the current channel would likely lead to a sell-off at the $1,640 level.

The OBV showed a majority of sellers as the price closed in on the $1,944-level. The MACD flashed a bearish crossover as ETH fell below its press time resistance, while the histogram noted a rise in bearish momentum.

Tron traded just above around the $0.06 mark at the time of writing, after reversing direction from a local high at over $0.068. The RSI peaked in the overbought region, reversed trajectory, and floated around 60 as the bulls maintained strength in the market. However, a bearish crossover in the MACD would likely see TRX lose out to its press-time support and settle at lower levels.

The next support marks reside at $0.057 and $0.0537, which presented a more realistic goal for stabilization. Trading volumes of above $3.5 Billion showed that sellers were already offloading the cryptocurrency, and little resistance by the bulls could mean a breakdown over the coming sessions.

While Algorand climbed steadily above multiple resistance levels on the 4-hour timeframe, sellers stepped in at the $1.35-mark. The OBV showed a bullish divergence, but the same was negated as the price moved south despite higher highs on the index. The next few sessions could determine whether ALGO would continue its recovery. A retest and a move above $1.24 resistance would likely see the price head towards the next ceiling at $1.35 once again.

If the bulls fail to make a comeback, some consolidatory movement can be expected between the cryptocurrency’s current channel. The Awesome Oscillator’s red bars moved below the half-line and backed a bearish outcome in the short-term.

Chainlink, Cosmos, FTT Token Price Analysis: 21 March

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

Ethereum, Dogecoin, XRP Price Analysis: 28 March

Algorand, Chiliz, Polkadot Price Analysis: 28 March

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Ethereum Price Analysis: 27 March

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Ethereum bounced strongly off the $1550 region and could flip the $1700 to demand in the coming hours. XRP displayed neutral momentum in the markets but had strong support at $0.53, while Dogecoin saw buyers step in at $0.049 and could be headed back toward $0.062.

ETH showed signs of buyer dominance in the market. The $1550 area saw a strong bounce, and the $1720 area was tested. ETH then saw a minor dip to $1670 before climbing above the $1700 mark.

A move above $1730 can be used to enter a long position with a stop-loss of $1680 and a target of $1850.

The confluence between Fibonacci retracement levels for different price moves marked the $0.53 level as an important support level. The shorter-term Fibonacci levels showed XRP had recovered well, and XRP has also climbed past the $0.52-$0.528 area.

OBV showed that there was a lack of buyers behind XRP; the drop from $0.58 to $0.48 had a greater selling volume than the buying volume that has pushed the price back to $0.55. MACD also showed that recent hours saw momentum grind to a halt.

This spelled uncertainty for XRP in the short-term. On a longer-term outlook, the recent drop was only a minor setback for XRP bulls, who effected a breakout from a descending channel and had a target of $0.63.

DOGE suffered a near 20% drop over the past two weeks as it fell from $0.062 to $0.049, but saw a strong bounce off the support level to trade at $0.054 at the time of writing. These two levels have remained intact since mid-February when DOGE dropped from $0.085 to consolidate at $0.05.

At the time of writing, Awesome Oscillator showed a shift in momentum to bullish as the histogram crossed over above the zero line. The Aroon indicator had seen a dominant Aroon down (blue) in recent days, but that has changed as well.

The trading volume was average at best and did not hint at an imminent major move.

Aave, Cosmos, Monero Price Analysis: 28 March

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

Ethereum, Dogecoin, Synthetix Price Analysis: 03 April

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Bitcoin Cash, Waves, Dogecoin Price Analysis: 29 March

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

The cryptocurrency market has been seeing a volatile period in the short-term. Bitcoin Cash [BCH] is a case in point, with the popular Bitcoin fork noting a sharp upsurge in value followed by a wave of corrections in the hours before press time.

At the time of writing, the value of BCH was $538.73, with the alt having a market capitalization of $10.18 billion. Thanks partly to the performances of its fellow alts, Bitcoin Cash had been pushed down to the 14th position on CoinMarketCap.

Bitcoin Cash [BCH] hourly chart

The Bitcoin Cash market recently hit a high of $554.91, following which it started retracing. In fact, BCH’s value fell under the support level at $544, with the alt trading close to $540, at the time of writing. The next support level was observed to be at $533, with the evolving selling pressure in the market likely to push the price to this level soon.

Reasoning

With volatility across the market increasing, BCH was seen moving towards the overbought zone. The Relative Strength Index was highlighting this growing saturation of buyers in the market, with the same noting a figure of 61 while pointing north.

However, a degree of bullish momentum in the market could be seen too, despite some of the market’s sellers trying to realize some profit. Despite a bearish crossover, the MACD was too close to the Signal line to suggest anything. In fact, it seemed likely that a strong surge could make its way into the market before the selling pressure finally takes over.

Crucial levels to watch out for

Entry-level: $541.91 Take Profit: $533.69 Stop-level: $544.50 Risk to Reward: 3.17

Conclusion

The Bitcoin Cash market, at press time, was retracing following its latest surge in price. It was supported at $533.44, but selling pressure was evolving and could push the price to this support level, a development that could earn profits for short traders.

Bitcoin Price Analysis: 01 April

Bankera introduces SEPA instant payments for crypto-businesses

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Bitcoin Cash Price Analysis: 06 March

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Despite recovery being the norm for most of the last 36 hours, the last few trading sessions in the market saw some corrections setting in, despite the generally bullish trend. The same was evidenced by the price actions of Polkadot, SUSHI, and THETA, with each of these alts noting inconsistencies in movement.

Polkadot [DOT]

Polkadot, the sixth-largest cryptocurrency by market cap at press time, was one of the altcoins to recover well following the industry-wide depreciation on the 24th of March. In fact, DOT seemed to be very close to recovering all its losses too. At press time, however, DOT’s steady recovery run had stalled somewhat, with its 8.9% being followed by swift corrections.

That being said, it seemed unlikely that the same would constitute a sustained trend reversal as while the Relative Strength Index was holding firm above 50, the Parabolic SAR’s dotted markers continued to be placed well below the price candles.

DOT’s press time movements were in line with those projected by a recent price analysis, with the same projecting that DOT is unlikely to register a major price swing in any direction in the near-term.

Polkadot was in the news yesterday after FireProtocol decided to jump ships from Heco.

SushiSwap [SUSHI]

Like Polkadot, SUSHI too recovered most of its losses in the days after the aforementioned market-wide depreciation. However, unlike DOT, SUSHI was quick to fall again, with a visible downtrend pulling the value of the crypto lower down the charts. Over the last 36 hours, while the popular DeFi token did climb by almost 5%, some corrections were visible at the time of writing.

Thanks to the same, SUSHI was once again trading at a level well away from its local top on the charts.

As far as SUSHI’s indicators were concerned, while the mouth of the Bollinger Bands was closing in to suggest a fall in near-term volatility, the MACD line was closely intertwined with the Signal line, underlining the hesitancy to choose a price trend.

According to many, however, SUSHI is likely to provide traders with double-digit gains in the short-term.

The altcoin made headlines a few weeks ago after it was one of the cryptos chosen to be listed by Coinbase in its latest listing round.

THETA 

To many, THETA has been the surprise story of the year, with the altcoin surging over the past few weeks to enter the much-vaunted top-10 of CoinMarketCap’s charts. In fact, in doing so, THETA overtook the likes of Litecoin, Chainlink, and Bitcoin Cash, all cryptos that are perhaps better-established in the market.

After hitting an ATH on the charts, however, corrections set in, with the cryptocurrency yet to recover from the same completely, at press time. Oddly, while a majority of the last 2 days saw the larger crypto-market go on a recovery run, THETA’s price action took the alt lower down the charts, with the crypto registering losses of 6.7%.

The seeping bearishness in the THETA market was underlined by its indicators as while the Awesome Oscillator pictured an uptick in negative market momentum, the Chaikin Money Flow was dropping below zero to highlight the strength of the capital flowing out of the market.

Despite the aforementioned fall in value, however, the cryptocurrency is widely expected to surge again and touch the $40-mark in the near-term.

Cardano, Neo, VeChain Price Analysis: 30 March

This is why a new ATH may be coming soon for Cardano

Jibin is a news editor at AMBCrypto. With over three years of experience as a political writer, he primarily focuses on the political impact of crypto developments. A graduate in Law and International Relations, his writing is by and large focused on cryptocurrencies from the political and financial perspective. A Liverpool FC fan. YNWA

The Bitcoin cash market like the Bitcoin market suffered from a sell-off. The value of the 11th largest cryptocurrency with a market cap of $9.90 billion was $528.70. However, in the long-term, this fall formed a part of an on-going trend in the market and may not impact the long-term prospects of the coin.

Bitcoin Cash 1-day chart

The Bitcoin Cash price was earlier supported at $356, however, given the volatility in the Bitcoin market, the value of the digital asset also was pushed higher on the price scale. BCH breached through levels of resistances and its price topped above $656.66, before retracing to $494.

Ever since the price of the Bitcoin hard fork has remained between $494 and $575. This was a consolidation trend in progress and was visible in the long-term chart. This trend may continue and the traders may want to watch out for signs for BCH to break away from this.

Reasoning 

The Bollinger bands were noting the volatility in the market to reduce as the price began to move along the aforementioned price level. At the time of writing, the volatility in the market had reduced to a minimum, which would make it possible for the price to move sideways than expect a price swing.

Meanwhile, the Relative Strength Index was noting the market was currently at an equilibrium stage. This meant the buying and the selling pressure were currently evening each other out. This added to the sideways momentum.

Whereas, the Chaikin Money Flow has just dropped under the zero level. This indicated that the money was flowing out of the market, which was a bearish sign. However, over the past few days, the CMF has been oscillating near the zero-level and it may bounce above it.

Conclusion

The current Bitcoin Cash market has been moving sideways with low volatility in the market. The coin may continue this trend in the long-term unless Bitcoin’s volatility impacts BCH’s market.

Uniswap, BitTorrent, DigiByte Price Analysis: 22 March

EOS, Aave, SushiSwap Price Analysis: 21 March

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Digital asset company CoinShares  released its weekly fund flow report. The report pointed out that because the price of Bitcoin surged to as high as 60K, some investors may sell their Bitcoin holdings to realize the benefits. Therefore, the data shows that approximately $39 million of funds have flowed out in the past week.

But Ethereum has a different situation.

According to the fund flow data chart, Ethereum is very popular among investors. Nearly half of the total flow of funds went into Ethereum, and the total inflow in the past week was approximately $113.5 million.

The report added that available pricing data suggests passive investment products continue to outperform their active peers. Compared with active investment, investors still prefer passive management strategies, with an asset management scale of $5.41 billion. Only $786 million is listed under active management.

Ethereum (ETH) Price Analysis

The current trading price of Ethereum (ETH) is $1,844, a drop of more than 9% compared to its all-time high of $2038.84 on February 20.

At a market value of $212,459,515,466, the world's second-largest cryptocurrency ETH managed to find a natural support level on the daily 20 Exponential Moving Average (20-EMA).

Judging from the daily candlestick chart, ETH is now in an ascending channel, and candlesticks in recent days have all closed above the 20-day Moving Average. This is a good sign that proves that the bulls have not hesitated and are still defending the price at a higher level. At the same time, the upwardly curved moving average distribution also confirms this point.

From a technical perspective, the stochastic RSI indicator shows that the blue K-line has turned upwards and has overlapped with the yellow D-line, which is a sign that a bullish crossover has formed.

If the bulls can actively defend the rally near yesterday's intraday high so that the two lines can climb upwards and approach the 80 overbought zones, the new momentum may push ETH to the first resistance at $1942. If ETH/USD successfully breaks through this resistance, the bulls retest their all-time high of $2038.84. Any further increase will likely make ETH/USD a new round of rising.

The MACD indicator is in the bullish zone, the blue MACD line has been hovering above the yellow Signal line and both lines are running above the zero axes.

If the bulls are not strong enough, repeated retesting of the 20-EMA support level of $1,757 will weaken the support level. If the bears lower the price around $1,757, the ETH/USD currency pair may gradually begin to fall to 50-EMA of $1,623.

Binance Coin [BNB] has become a major cryptocurrency in the past few months and its market capitalization hit $40.96 billion. The third-largest cryptocurrency has witnessed a 596% growth since the beginning of the year as its price surged from $39 to $275.

The coin has managed to avoid the highly volatile market and hold on to its high price with only minimal correction. Even as Bitcoin and the remaining altcoin market have been witnessing a sell-off, BNB’s price has not been impacted much and it was trading at $265.86, at press time.

Binance Coin 1-hour chart

The above chart highlighted the growth of BNB and the strength of its market enabling it to hold on to the $200-level. After a surge observed on 17th March, BNB met with a correction that plunged its value to $256. The value reversed and the digital asset was now consolidating between $262 and $272.

This sideways movement in the short-term market was a good example of how the market is unimpacted with large volatility and may continue to trade at this level.

Reasoning

The Bollinger Bands were converged close to the price which indicated that the BNB market was devoid of high volatility. Whereas the signal line was interlinked with the candlesticks due to the ongoing sell-off. However, the market has not taken a bearish turn just yet.

Meanwhile, the Relative strength index showed that the asset has remained in an acceptable range and did not move in either the overbought or the oversold zone over the past couple of days. The RSI value was at 49 due to the sell-off but was still closer to the equilibrium zone. This meant that the buyers and the sellers were evening each other out.

The Chaikin Money Flow was trending above the zero-level, which meant that the money was flowing into the BNB market.

Conclusion

BNB traders have been maintaining the high value of the digital asset and due to the strong support, the coin has continued to hold on to the support at $262. It may continue at this level unless unexpected volatility hits the market.

Ethereum, EOS, Waves Price Analysis: 22 March

Binance Coin, IOTA, Ethereum Classic Price Analysis: 22 March

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.