In our “Analytics” section, we analyze cryptocurrency market trends, price movements, and key developments in the blockchain industry. Here you will find expert insights, market forecasts, and breakdowns of major crypto events that influence Bitcoin, Ethereum, and other digital assets. Read the “Analytics” section on ForkNews to better understand the crypto market and make informed decisions.
There are several fundamental factors that could influence today's price action. If Bitcoin and EOS can show decent growth, then prices could skyrocket
The main cryptocurrency pairs were able to demonstrate growth after consolidation. Ripple showed the greatest growth. Over the past 12 hours, the volume of purchases was so large that the exchange rate increased by almost 17%.
No new fundamental news, however I would like you to take a look at NEO. Judging by the charts, buyers are not allowing prices to fall, and just like EOS, a consolidation process is taking place. Similar to our previous forecast, traders need to look for opportunities to buy these two altcoins
Despite a good attempt at growth, further upward movement can only be continued after consolidation and a pullback from the overbought zone of the RSI indicator
The Porn Hub portal yesterday made an official statement that their users will now be able to purchase pornography using Verge coin. The Litecoin founder supports this move. On his Twitter, Charlie addressed the porn site and asked to be notified if a similar offer for LTC appears in the future.
Our forecasts for the dynamics of cryptocurrency pairs remain unchanged. Consolidation near the strength levels of support and resistance continues
Despite previous growth, the cryptocurrency market is currently showing sluggish price movement. In fact, a reverse recovery in the prices of many altcoins has begun. In my opinion, we should wait for a decent buy signal before purchasing NEO, Litecoin, Stellar Lumens, EOS or IOTA
Today, the dynamics of cryptocurrency pairs will have a sideways trend with a gradual decrease in price
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