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Bitcoin’s price was above the $51k mark; as soon as the coin had displayed bullish sentiments, other altcoins reflected the same price movements. Solana, Polkadot, and VeChain have displayed continued bullishness on their charts.
Over the last seven days, these coins specifically have soared substantially, logging double-digit gains. All the coins have now stood above their immediate price floors. These coins could topple over their immediate resistance lines with the continued uptrend.
Solana/USD Four-Hour Chart

Solana’s price trajectory was sandwiched between an ascending channel, although Sol’s price action has formed an ascending wedge that can possibly amount to an upcoming bearish pressure. The immediate price floor stood at $203.08, falling beneath which the coin can trade at $192.02.
Although the coin can possibly display a bearish price action, near-term technicals have pointed towards bullish price action.
The Relative Strength Index was positive, above the midline as the buyers have entered the market. The Awesome Oscillator displayed red histograms in anticipation of bearish price action. Chaikin Money Flow was also above the midline as capital outflows have decreased over the past few days.
If the price pullback doesn’t happen over the upcoming trading sessions, then the overhead resistance stands at $225.78.
DOT/USD Four-Hour Chart

Polkadot’s price stood at $32.49 after the coin traded and formed a descending wedge, signaling a bullish price action. Over the last week, DOT rose by 26.6%, and over the previous 24 hours, the coin appreciated over 11%.
An upward push from the bulls can cause the coin to trade near the resistance level of $37.98, breaking above which DOT could trade near the $44.47 level. DOT has been bullish, and the coin price stood above the 200 SMA too, which is indicative of positive price action.
The immediate support level of the coin was $31.71. The Relative Strength was above the half-line as the coin was in the overbought zone. On Balance, Volume was also bullish as buying pressure took over in the market as the coin was overvalued at the time of writing.
VET/USD Four-Hour Chart

VeChain was trading at $0.101 at press time; over the last few days, it witnessed a mundane price action and then ended up forming a double bottom pattern. This pattern signified an upcoming price action, which happened as the coin again broke past its support level of $0.100.
Immediate price resistance that VET could encounter stood at $0.115 and toppling which the coin could attempt to trade near the $0.137 mark. On the flip side, the coin could find support at $0.77.
The Relative Strength Index stood above the 80-mark as the asset was overbought and overvalued. This is the second time the Relative Strength Index was seen touching this mark as the indicator last felt the 80-mark at the beginning of November.
MACD underwent a bullish crossover as green histograms were visible. Balance Volume shot up steeply as buying strength resurfaced over the last 24 hours.
The post Solana, Polkadot and VeChain Remain Bullish; Near Term Technicals Suggest Uptrend appeared first on CoinGape.


Bitcoin&#8217;s price was above the $51k mark; as soon as the coin had displayed bullish sentiments, other altcoins reflected the same price movements. Solana, Polkadot, and VeChain have displayed continued bullishness on their charts. Over the last seven days, these coins specifically have soare...

coingape.com

Solana, Polkadot and VeChain Remain Bullish; Near Term Technicals Suggest Uptrend

Tezos was on downfall over the past few days shortly after it rallied on December 6. However, at press time, it was trading for $4.52 post zooming up on its chart by 6.7% over the past day. Over the last few days, the prices continuously remained sandwiched between $4.52 and $3.89 price levels.
Over the last multiple weeks, Tezos attempted to breach its long-standing resistance level of $5.91, but the bulls did not manage to sustain. If bulls tend to stick around for the upcoming sessions, the local resistance mark was $4.54 and then $5.18.
Tezos: XTZ/USD Four-Hour Chart

After withstanding extreme weakness, the Relative Strength Index managed to rise above the half line into the bullish zone; however, this reading could reverse any moment considering the downtick seen on the indicator. Unless the bulls gather strong momentum, it cannot be ascertained if XTZ would continue with positive price action.
The Directional Movement Index preferred the bulls, although the reading remained quite meek at the time of writing. MACD confirmed bullishness as it registered green histograms. In the likely event of bears taking over, XTZ would fall to trade near the support line of $3.89.
MANA/USD Four-Hour Chart

The allure of metaverse tokens had diligently started to fade away. In the case of Decentraland, the token was on a downhill over the past weeks. In the last 24 hours, MANA’s price action transposed into a bullish outcome as the coin rose by 7.7%. At press time, MANA was exchanging hands at $3.30.
The bulls had tried to move past the 38.2% Fibonacci level in the past trading sessions but met with rejections afterward. For MANA to trade at its next price level of $4.11, the bulls need to propel above the aforementioned Fibonacci level.
The Directional Movement Index showed signs of revival as it barely crossed the -DI line. Even though parked into the bullish territory, the Relative Strength Index did not look promising as the indicator noted a downtick is gravitating towards the bears in the market. Awesome Oscillator projected chances of a bearish comeback as the green signal bars declined in size.
VET/USD Four-Hour Chart

VeChain’s bearish gravitation expedited right after the token formed a descending channel over the past few weeks. However, VET’s price action brought respite to traders after a 9.9% appreciation. Indicators turned bullish in sentiment as VET traded for $0.085 at press time. Immediate price resistance that VET could encounter stood at $0.100 and then at $0.115.
On the four-hour timeframe, The Relative Strength Index had struggled to see the bullish side of the midline; however, as prices recovered, the indicator shot right up. The bearish influence was fading out as buyers entered the market. The Directional Movement Index also confirmed the bullish outlook of the coin. On Balance, Volume projected a steady rise in bullish price action.
In case the coin invalidates the bullish theory, it will land on the $0.077 price level.
The post Tezos, Decentraland and Vechain Price Analysis: DeFi Coins Up More Than 6% appeared first on CoinGape.


Tezos was on downfall over the past few days shortly after it rallied on December 6. However, at press time, it was trading for $4.52 post zooming up on its chart by 6.7% over the past day. Over the last few days, the prices continuously remained sandwiched between $4.52 and $3.89 price levels. O...

Tezos, Decentraland and Vechain Price Analysis: DeFi Coins Up More Than 6%

EOS was trading at $3.18 and had declined on its chart by 3.3% over the last 24 hours. The token had been displaying a bearish price trajectory and at the current price level, EOS was almost 151% below its all time high. The consolidation on its charts forced buyers to exit the market, the token recently fell below its long standing support level of $3.28.
 EOS/USD One-Day Chart 

The Relative Strength Index displayed negative buying pressure as the indicator remained below the half-line ever since the end of November. If buying pressure revives, then EOS might find itself trading near its immediate resistance of $3.28 and then finally at $3.66.
In respect to volatility, the indicator displayed narrowed bands, which meant that volatility would remain low and EOS could continue to trade in a consolidated manner. Further consolidation could also push the coin to trade lower than its current price level at its local support of $2.93.
Chaikin Money Flow had displayed considerable signs of recovery in the last few days, but as support from broader market withdrew itself, capital inflows also had started to lessen.
VET/USD One-Day Chart 

VeChain declined over 13% in the last one week and at press time the coin was trading for $0.0754. Over the last 24 hours VET declined 3.7%. As seen on the daily chart, VET was trading within a descending channel. VET seemingly would encounter a robust resistance at the 61.8% Fibonacci level. Immediate resistance for the coin stood at $0.0772, breaking above which VET could trade around the $0.1007 mark.
The Relative Strength Index remained below the half line for the past few weeks and buying action remained bearish. On the Directional Movement Index the -DI stood over the +DI line which indicated that the trend for the coin was bearish at the time of writing.
With continued decreased buying strength, VET could soon fall to the $0.0576 support line. Although VET’s trading trajectory was bearish, the coin was still 100% above its all time low price.
LINK/USD One-Day Chart

Chainlink was trading for $17.41 and it noted a 2.7% depreciation over the last 24 hours. The coin was trading within its descending channel. The immediate resistance for the coin stood at $21.31 and the other price ceilings stood at $24.93. The price of LINK was seen below the 20-SMA which meant that price action was dominated by sellers in the market.
The local support level of the coin was at $17.38 and $13.77. If buyers come back to the market, Chainlink might witness a resistance at the 38.2% Fibonacci level.
The Relative Strength Index was in the bearish zone. With a fall in selling pressure, LINK might retest the $21.31 and $24.93 level again.
The post Eos, Vechain And Chainlink’s Bearish Gravitation: Crucial Levels To Watch Out For! appeared first on CoinGape.


EOS was trading at $3.18 and had declined on its chart by 3.3% over the last 24 hours. The token had been displaying a bearish price trajectory and at the current price level, EOS was almost 151% below its all time high. The consolidation on its charts forced buyers to exit the market, the token ...

Eos, Vechain And Chainlink’s Bearish Gravitation: Crucial Levels To Watch Out For!

Cryptocurrency analyst and trader Michaël van de Poppe is looking at three altcoins and outlining the path forward after the recent market correction.
Starting with Polygon (MATIC), Van de Poppe tells his 150,000 YouTube subscribers that the Ethereum (ETH) scaling solution could potentially hit a new high of $2.70.

“…Overall we are making higher lows. So we are building up the pressure and we are building up towards a new breakout above this all-time high [$2.62]. 
Right now we are getting into the last resistance point through which if there is an area that you want to look at for potential entries, you’re looking at this green zone here [around $1.80] in which we can be dipping all the way there and still be bullish before we’re going to make a breakout…
…we can be starting to expect $2.70 if this green zone is going to hold.”
Polygon is currently ranging between 0.00002170 BTC ($1.23) and 0.00003500 BTC ($1.98). According to the crypto analyst, Polygon could potentially break out of the range and “start accelerating upwards” and hit 0.00005200 BTC ($2.94).
Next up is the native token of blockchain platform Harmony (ONE). Van de Poppe says that potential short-term buying opportunities exist around the 0.00000417 BTC ($0.24) and 0.00000344 BTC ($0.19) support levels.
“This is an area [0.00000417 BTC] where I want to seek for potential long entries. If this one is lost, I’m seeking for a long entry in this region [0.00000344 BTC].”
The cryptocurrency trader says he is bearish on Harmony and would target profits of between 0.00000090 BTC ($0.005) to 0.00000500 BTC ($0.28).
“…definitely only looking for a bounce play to watch for 0.00000090 BTC to 0.00000500 BTC as most likely we’re going to make a lower high and continue to trend downwards.”
Van de Poppe says that Harmony’s key support levels lie between $0.21 and $0.23. The cryptocurrency analyst warns that Harmony is trending downwards and could plunge to $0.17.
“I think the only crucial support you should be looking at is this entire green zone [between $0.21 and $0.23] which is the range low. So if we dip here, I think you still want to look for potential longs.
However, we’ve already got a lower high taking place here, so potentially the trend is downwards. And if the trend is downwards, I’m also going to look around the area of $0.17.”
Next up is the utility token of the supply chain blockchain VeChain (VET). Van de Poppe says that a potential buying opportunity for VeChain exists at around the 0.00000210 BTC ($0.12) level if the altcoin prints a higher low on the charts. A higher low usually indicates an uptrend in technical analysis.
The crypto trader and analyst says VeChain is sitting at the $0.11 support level but will wait for Bitcoin’s price action to determine the direction of altcoins.
“When it comes to VeChain against USDT we are also back into support at this stage but still we’re looking for confirmation from Bitcoin. 
If that one is going to confirm that the market is ready for continuation, that is the moment where altcoins are starting to fire off. And at this moment, I’m not convinced about Bitcoin yet.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/Voger Design
The post Crypto Analyst Michaël van de Poppe Details Path Ahead for Polygon, Harmony and VeChain appeared first on The Daily Hodl.


Cryptocurrency analyst and trader Michaël van de Poppe is looking at three altcoins and outlining the path forward after the recent market correction. Starting with Polygon (MATIC), Van de Poppe tells his 150,000 YouTube subscribers that the Ethereum (ETH) scaling solution could potentially hit a...

dailyhodl.com

Crypto Analyst Michaël van de Poppe Details Path Ahead for Polygon, Harmony and VeChain

The VET/USD chart indicates a strong uptrend as the coins show a steady rally of higher highs and higher lows. The coin price recently gave a breakout from the $0.155 resistance, which initiates a significant up momentum in this coin. 
Key technical points:

The 20-day EMA provides excellent dynamic support to the VET price
The Daily RSI chart struggling to keep up with the bullish momentum
The intraday trading volume in the VET coin is $3.1 Billion, indicating a 3.96% hike


Source- VET/USD chart by Tradingview
Since the blood bath of the crypto market in May month, the VET coin price has never been seen above the $0.155 mark. The coin tried a few attempts to breach this overhead resistance, but they were a major fail that pushed the coin back to the lower levels.
However, on November 5th, the coin price finally managed to break out from this resistance, with sufficient support from the volume activity, providing the crypto trader an excellent opportunity to go long.
The daily chart’s crucial EMAs(20, 50, 100, and 200) suggest a bullish trend in this coin. In addition, the 20 EMA line provides strong dynamic support to the coin price.
The Relative Strength Index(63) indicates a bullish sentiment regarding this coin. However, the RSI line is struggling to keep up with the bullish price action, suggesting some weakness among market buyers.
VET/USD Chart In The 4-hour Time Frame

Source- VET/USD chart by Tradingview
The VET coin showed a remarkable rally in this lower time frame chart. Furthermore, the coin is still trying to sustain above the $0.155 mark, and with the losing momentum in RSI, the task becomes slightly difficult. 
However, If the price obtains sufficient support from this level, the coin price would have a strong stepping stone to initiate a significant up movement. The current price of this coin is $0.166, with an intraday gain of 3.1%.
.
 
The post VeChain Price Analysis: A massive Gain Waiting For VET Investors IF The Price Sustains Above This Crucial Level appeared first on Coingape.


The VET/USD chart indicates a strong uptrend as the coins show a steady rally of higher highs and higher lows. The coin price recently gave a breakout from the $0.155 resistance, which initiates a significant up momentum in this coin.  Key technical points: The 20-day EMA provides excellent dynam...

VeChain Price Analysis: A massive Gain Waiting For VET Investors IF The Price Sustains Above This Crucial Level

Crypto analyst Justin Bennett is looking at how Bitcoin (BTC), Ethereum (ETH), and three other altcoins will move after BTC tumbles from its all-time high.
As Bitcoin threatens to plunge below $60,000, the founder of Cryptocademy says he sees a “ton of confluence” for the largest crypto asset by market cap around $55,000.
 
“There’s a ton of confluence around $55,000. However, don’t forget that the September high near $53,000 could also play a role… Key resistance above $60,000 comes in at $63,600 and $67,000.”
Source:  Justin Bennett/CryptoAcademy
The crypto trader says that Ethereum should not fall below the critical support level at $3,900, which the coin is currently testing.
“If we get the latter [below $3,900], I’ll be keeping an eye on the $3,700 area…
As I’ve maintained for a while now, ETH/USDT needs to clear $4,370 on a daily closing basis to secure the breakout and enter price discovery.”
Source:  Justin Bennett/CryptoAcademy
Dogecoin (DOGE) just moved above the new support near $0.23, but the analyst says it may not be the best time to buy the altcoin because it is testing lower levels.
“Today’s session would need to close inside of Tuesday’s range for it to be considered a bullish signal. Tuesday’s low was $0.2520, so that’s the level to close above.
If DOGE can do that, we could see this market move back to $0.27 resistance. And if it doesn’t, then it likely slides lower toward $0.23 support.”
Source:  Justin Bennett/CryptoAcademy
After VeChain (VET) quickly dropped by 21% in recent days, Bennett says the coin’s movement will depend on BTC. He says VeChain’s resistance level will be back to $0.155 if Bitcoin has already hit its bottom price.
“However, a deeper correction toward $53,000 BTC could put VET in the $0.10 to $0.11 range, especially as we’ve seen VET/BTC reach resistance and sell-off today.
Of course, if the bottom for Bitcoin is already in, then VET should hold its current level and move back to $0.155 resistance.”
Source:  Justin Bennett/CryptoAcademy
Bennett is also expecting Verasity (VRA) to pull back amid a rally following its $0.05 breakout.
“If VRA/USDT does pull back to the $0.055 – $0.065 support area, it could present a favorable buying opportunity. Key resistance is $0.085.”
Source:  Justin Bennett/CryptoAcademy
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/Voger Design/Andy Chipus/Sensvector/pikepicture/MrArtHit
The post Crypto Strategist Justin Bennett Analyzes State of Bitcoin, Ethereum, Dogecoin, VeChain and Verasity After Aggressive Market Pullback appeared first on The Daily Hodl.


Crypto analyst Justin Bennett is looking at how Bitcoin (BTC), Ethereum (ETH), and three other altcoins will move after BTC tumbles from its all-time high. As Bitcoin threatens to plunge below $60,000, the founder of Cryptocademy says he sees a &#8220;ton of confluence&#8221; for the largest cryp...

Crypto Strategist Justin Bennett Analyzes State of Bitcoin, Ethereum, Dogecoin, VeChain and Verasity After Aggressive Market Pullback


VET price dropped as much as 22% in crypto market correction witnessed on October 28.
VeChain is likely to drop another 34% to $0.0825 before restarting the uptrend.

The VET price dropped 11% from $0.14033 to $0.12364 in a crypto market dip witnessed on Wednesday October 27. VeChain lost as much as 22.8% from a high of $0.15177 on October 26 to yesterday’s intra-day low around $0.11711. VeChain’s technical pattern hints at further losses.
VET Price Risks Losing 34% of its value
The VeChain price has been on an uptrend rising a massive 82% from $0.08255 on September 30 to hit a high of $0.15086 on October 25. During this rally, the VET price has spelt out an ascending parallel channel chart pattern on the daily chart. This chart pattern is formed when an asset makes a series of higher highs and higher lows over an extended period of time.
At the time of writing VeChain price trades within the confines of the rising channel at $0.12586. It sits on strong support around $0.11855 where the 200-day Simple Moving Average (SMA) coincide with the lower boundary of the prevailing chart pattern.
Note that a slip below this crucial level could see the asset slide below the rising channel to tag the 50- and 100-day SMAs at $0.11947 and $0.11855 respectively.
Increased selling pressure could see the VeChain price tank below the 0.10 psychological level towards the demand zone ranging from $0.08255 and $0.09540. This would represent up to 34% drop from the current price.
VET/USD Daily Chart

The sharp movement of the Relative Strength Index (RSI) Indicator away from the overbought zone validates VeChain’s bearish outlook.
On the upside, if VET price bulls push a decisive daily close at or above $0.130 psychological level, it will signal the buyers are back in town. A confirmation of a bullish breakout can be obtained if VeChain produces a daily close above $0.140 above the middle boundary of the ascending parallel channel.
If that happens, investors can expect this bullish momentum and other positive fundamentals to push the VET price towards the channel’s top point at $0.16204.
The post VET Price Could Tank To $0.0825 As The Crypto Market Dip Lingers appeared first on Coingape.


VET price dropped as much as 22% in crypto market correction witnessed on October 28. VeChain is likely to drop another 34% to $0.0825 before restarting the uptrend. The VET price dropped 11% from $0.14033 to $0.12364 in a crypto market dip witnessed on Wednesday October 27. VeChain lost as much ...

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