More often than not, asset prices tend to recover following periods of stretching as the last two weeks demonstrate. In our case, unless we see a recovery in Bitcoin, most coins as Litecoin or EOS for example might extend their losses. Others as Stellar Lumens might be destabilized even...
Though altcoins are finding reprieve following rapid depreciation mid this week, the fact that most are trading at new 2018 lows as IOTA, Litecoin while some as EOS and Stellar Lumens are retesting important support line means the market might add to their losses in coming days/weeks. However, there...
Many are speculating that the SEC decision might have triggered this sell frenzy but what we should also realize is that most coins were dangling right at the edge waiting for a collapse. All altcoins caved in, registering double digit losses as EOS and IOTA lead the loss making...
EOS Price Key HighlightsEOS price looks prime for a break of a short-term support zone, paving the way for further declines.Price is also trending lower inside a descending channel visible on the 4-hour and daily time frames.Horizontal support levels are also nearby, and buyers might be waiting to defend...
Perhaps a stand out is IOTA which despite news of IOTA Hub, addition of new personnel together and prospects of Qubic continues to dump down. Week over week, IOTA is down 18 percent and trending below 2018 lows. Others as EOS, Litecoin and Stellar Lumens are stable with the...
As altcoins drag lower syncing with Bitcoin (BTC) drop, fundamentals and technical formations are clearly divergent. Yes, sellers are in charge and are even cancelling the last Stellar Lumens (XLM) bullish attempts of mid-July. However, while we are yet to see proper sell signal below key support lines in...
Even with our altcoins optimism, there seem to be no demand to buoy further higher highs. We can rightly see that in Stellar Lumens, Litecoin and IOTA charts. Most noteworthy from all altcoins under our review is IOTA which is simply ‘flat” despite announcement of IOTA Hub. This hub...
As fundamentals and coin related news thin out, so are buyers. At current spot prices, altcoins are weak and IOTA, EOS, Tron and XLM sellers are wreaking havoc, reversing last week’s gains. Overly, the bear break out pattern that is so clear in our daily charts might pan out....
Undeniably, the positive correlation between altcoins as Litecoin, EOS and Bitcoin price is dragging to say the least.What that means is that when BTC drops in value, altcoins follow suit but there is a little bit of loss amplification.Nevertheless, research findings from eToro indicate that there is gross undervaluation...
It is an across the board altcoins erosion with EOS registering a five percent drop yesterday. While there are hopes for buyers, we need to see rejection of lower lows especially in IOTA, EOS and XLM which is technically bullish. Before then, we shall take a conservative approach and...