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has outperformed most major cryptos over the last 7 days as it gained some 20%. The price is trading near the major resistance zone of €7.7 and is approaching the descending trendline. Bulls now need to push the price over the trendline in order to flip the trend.
This jump is probably related to Chainlink’s latest developments, as there were 11 integrations of three Chainlink services across five different chains, namely, , , , and .
gained enough bullish momentum for a move above €1,650 ahead of the much-anticipated merge. The price broke out from the descending wedge pattern and is now showing positive signs and might soon test the €1,785 level.
The next major resistance is near the €1,700 level, while on the downside an initial support level is around €1,500.
’s price action did not change significantly over the weekend. It closed with a doji candle on the weekly chart, marking a neutral pattern. is consolidating above the €19,150 support level, while facing resistance at around €20,000.
$ADA’s price rose some 10% over the weekend after news broke that the blockchain’s hard fork, Vasil, is scheduled for the mainnet on Sept. 22. closed the week with a bullish candle at the highest price in three weeks.
is the most significant upgrade to Cardano to date, bringing increased network capacity and lower transaction costs. The upgrade will also bring enhancements to , Cardano’s smart contract platform.
struggles to reverse its trend, the Crypto Fear & Greed Index reads “extreme fear” once again and is consolidating ahead of the Vasil hard fork.
Learn about all this and more in this week’s Bitpanda Pro market recap: https://blog.bitpanda.com/en/weekly-bitpanda-pro-market-recap-75
Weekly Bitpanda Pro market recap #75 Bitcoin heads into bearish territory, extreme fear is back and the upcoming Vasil Hard Fork - read more in our weekly Bitpanda Pro market recap.
is making bullish moves and trading above the dynamic trendline support. The price gained some 140% from its June low and is entering the resistance zone close to the €13 region. The 100-day MA is slowly reversing to the upside and the RSI is in bullish territory above 50.
bulls are pushing the price towards the upper resistance and are trying to flip the trendline into a support line. There was a breakout attempt on August 23, but bears managed to push the price back down. The 100-day MA is gaining momentum and the RSI is still above 50, suggesting bulls are in control.
The / pair is still forming a wedge pattern, however, the converging trendlines are narrowing, suggesting a breakout could follow in the next weeks. A breakdown from the lower trendline would mark the start of a bearish trend, while a breakout from the upper trendline would indicate the start of a new bullish trend.
is still consolidating below €20,000 and struggling to gain pace above the resistance. On the downside, an initial support level is near €19,150, while the main hurdle on the upside is near the €20,600 level.
The market sentiment has worsened a bit further, according to the Crypto Fear & Greed Index. At 20/100, the sentiment among investors can once again be classified as extremely fearful.
The / pair rose above the overhead resistance of 0.078 and is now eyeing some more gains ahead of The Merge. The pair is gaining momentum and is up some 7% in the last 48h, showing bulls are stronger at the moment.
corrected towards the €0.2 level after witnessing some strong resistance at €0.26. The RSI is slowly decreasing, but is still above 50, indicating that the bulls are still in control. The price is trading high above the 100-day MA, which acts as a major support zone.
is still consolidating around the €0,45 level ahead of the highly anticipated Vasil Hard Fork. According to the IOHK team, the new update may be released in September if the network does not encounter any further issues.
The Vasil Hard Fork is set to introduce critical advancements to the existing ecosystem. The fork will essentially improve the function of the overall network and enhance the development of smart contracts and DApps.
closed bearishly on the weekly chart, meaning more downside pressure could follow. The Crypto Fear & Greed Index has dropped to a value of 24/100, the lowest it has been since mid-July. is nearing the support zone at €19,150.
A weekend drop followed by consolidation, outperforming and a slight dip in sentiment.
Learn about all this and more in this week’s Bitpanda Pro market recap: https://blog.bitpanda.com/en/weekly-bitpanda-pro-market-recap-74
Weekly Bitpanda Pro market recap #74 A recent drop in BTC and ETH, worsening market sentiment, and outperforming smaller altcoins - read more in our weekly Bitpanda Pro market recap.
Most major are struggling to gain bullish momentum and are waiting for to show them some direction. spiked above the resistance zone of €1,650, but is struggling to clear the €1,700 level. The price is currently moving above the 100-day MA, while the RSI is in neutral territory.
’s price did not change much this week, as it closed with another indecisive daily candle. There is no clear directional bias from this region, so needs to break the €22,000 level to get more bullish momentum, while the downside support level is at €19,150.
The price took a dive below the ascending trendline and is now consolidating below the €0.35 resistance zone. The daily wicks suggest that the bulls are trying to push the price up in an effort to reverse the current trend. The price is currently below the 100-day MA, which is the first resistance on the upside.
failed to gain strength above the €0.50 level and is now trading above to the €0.45 support zone. The price has been moving in range since June - Once this range is broken, it may lead to bigger moves. As long as it’s intact, however, the movement cannot be predicted with much certainty.
is facing a strong resistance near the €36 level. A close above it might push the price back up towards €40, but on the downside the next support stands at €32,40. The RSI is below 50, indicating bearish momentum.
has failed to overcome the descending trendline resistance on August 13. The price fell below the €7.7 support level and is currently trading just above the 100-day moving average. The RSI is below 50, meaning that bears are currently controlling the price.
$EOS broke out from its descending trendline and proceeded to reach a high of almost €2. The price surged some 40% over the last 3 days. has been decreasing since September of last year and has lost almost 90% from top to bottom.
rallied over 25% in the last three days and cleared the €0,22 level, marking the highest point since mid-April. Fan tokens have been increasing since June 18, followed by a breakout from a falling wedge. is now up almost 200% since bottoming out in mid-June.
also closed the week with a strong bearish candle and has now shed 20% of its value in just the last seven days. failed to overcome the strong €2,000 resistance level and fell back to the €1,500 region. The weekly RSI is below 50, which is also considered bearish territory.
closed with a bearish weekly candle after retesting the €24,000 resistance zone. The price fell below the trendline support and is now trading under €22,000, the lowest it has been in four weeks. Major are following and also closed their weekly charts bearishly.
surged by some 130% since forming a bottom on June 15. The price is now hovering below the resistance level of €7.4, where bears are holding the line. The trend is still pointing upwards, but the higher highs, higher lows pattern needs to stay in place.
performed an impressive +50% run over the last 30 days and is now trading just shy of €100. Its price has been at nearly the same level for the last 10 days, gathering strength for the next leg.
A breakout above the €104 resistance level means the next important level will be right around €125. However, a bearish retracement is still in the cards, but the current resistance level has been holding up quite well.
has managed to climb above the €1,700 level and touched €1,785, the highest it has been since start of June. In the last 30 days, climbed more than 55% and once again surpassed €200 billion in market cap.
is on the edge of its accumulation channel in which it has been trading for more than a month. On a price chart, the accumulation area is characterised by sideways price movement. Now, the RSI has started to rise, indicating bulls are slowly gaining control.
, the 12th biggest crypto by market cap, managed a strong increase over the weekend, gaining some 15% to trade above €28, its highest price since late May.
The bullish move could be connected to the bullish breakout of its falling wedge and with the announcement of a partnership with Gamestar+ to bring interactive streaming games to .
closed with an indecisive candle on the weekly chart. The Monday intraday chart started bullishly which is also pushing major higher. Bitcoin's dominance fell to 40.9%, its lowest since the start of the year.
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