Cryptocurrency News and Analysis

Top 20 coins distance from their all-time high price. Solana (SOL) is the best performer with only 50% dump and internet protocol (ICP) is worst perfomer with 92% down from All-Time High.

Bank of America entered the Bitcoin futures trading game. Big banks joining the Bitcoin futures trading race. Good for cryptocurrency market as it brings new investors and trust.

Bitcoin is trading in the range of $30,000 - $40,000 with huge wicks on both sides. Bitcoin is in the range for almost two months. The lower point of the trading range is $30,000-$31,000. The midpoint of the range is $35,000-$36,000 and the upper point of the range is $40,000-$41,000. A daily candle closes below $31,000 is bearish and will bring more dump. BTC needs to break and hold above $36,000 to turn bullish and go towards the upper band of the range.

HNT is now at the support zone and the wicks below it shows stop loss hunting. HNT bounced from this support and we expecting a good bounce again. The resistance is $11.8 and $13.4 area.

Buy Zone: $10.3 - $10.4

Target: $11.4 - $11.8 - $12.7 - $13.4 - $14.7 - $15.8 - $17.2 - $19.4 - $22.5

LINK analysis:

LINK is now trading above the major support zone of $15. LINK needs to hold above the support zone. There is a descending triangle pattern also which is known as a bearish pattern and usually breaks in the downward direction. You can open a long near $15 support zone with a tight stop loss. The resistance, for now, is $16.8 - $17.1 area.