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See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n

\"\" — Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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ADVERTISEMENT

\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 19, 2024

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\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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ADVERTISEMENT

\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 19, 2024

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Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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December 19, 2024

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\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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December 19, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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December 19, 2024

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\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

Most Read

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Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 3, 2024

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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ADVERTISEMENT

\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 19, 2024

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\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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Follow The Distributed

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ADVERTISEMENT

\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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Follow The Distributed

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ADVERTISEMENT

\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

Most Read

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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Follow The Distributed

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ADVERTISEMENT

\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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ADVERTISEMENT

\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Altcoins

Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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December 19, 2024

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\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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December 19, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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Follow The Distributed

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ADVERTISEMENT

\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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Follow The Distributed

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\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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December 19, 2024

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Follow The Distributed

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ADVERTISEMENT

\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Altcoins

Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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December 19, 2024

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Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Altcoins

Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Cryptocurrencies

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December 19, 2024

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Follow The Distributed

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\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Altcoins

Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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December 19, 2024

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\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

Most Read

Altcoins

Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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December 3, 2024

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December 19, 2024

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\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Altcoins

Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Altcoins

Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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December 19, 2024

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Type your email here

Follow The Distributed

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\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

Most Read

Altcoins

Basic Attention Token (BAT) Price Prediction For January 2023

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\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Earlier, Binance\u00a0announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
\n
Earlier, Binance\u00a0announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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December 19, 2024

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\n
According to a\u00a0tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
According to a\u00a0tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

Most Read

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Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

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December 19, 2024

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\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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December 19, 2024

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\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 2 3 4 5 6 … 10 Next

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Altcoins

Basic Attention Token (BAT) Price Prediction For January 2023

December 28, 2022 - Updated on April 10, 2023

Artificial Intelligence

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17

December 19, 2024

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Type your email here

Follow The Distributed

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\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Basic Attention Token (BAT) remains in a bear market, and the risk of further decline for this crypto is not over, especially after the major central banks reported that they would raise interest rates further in 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Basic Attention Token (BAT) might have a hard time holding above the current support level, which stands at $0.15.<\/p>\n","post_title":"Basic Attention Token (BAT) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"basic-attention-token-bat-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:54:13","post_modified_gmt":"2023-04-10 07:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
Conclusion<\/h2>\n\n\n\n
Basic Attention Token (BAT) remains in a bear market, and the risk of further decline for this crypto is not over, especially after the major central banks reported that they would raise interest rates further in 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Basic Attention Token (BAT) might have a hard time holding above the current support level, which stands at $0.15.<\/p>\n","post_title":"Basic Attention Token (BAT) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"basic-attention-token-bat-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:54:13","post_modified_gmt":"2023-04-10 07:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> Chiliz (CHZ) Price Prediction For January 2023<\/a><\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Basic Attention Token (BAT) remains in a bear market, and the risk of further decline for this crypto is not over, especially after the major central banks reported that they would raise interest rates further in 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Basic Attention Token (BAT) might have a hard time holding above the current support level, which stands at $0.15.<\/p>\n","post_title":"Basic Attention Token (BAT) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"basic-attention-token-bat-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:54:13","post_modified_gmt":"2023-04-10 07:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n
\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
BAT might have a hard time holding above the current support level, which stands at $0.15, and a break below this level would indicate that we could see this cryptocurrency at $0.13 or even below. The upside potential remains limited for now; still, if the price of BAT jumps above $0.25, the next target could be resistance that stands at $0.30.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Chiliz (CHZ) Price Prediction For January 2023<\/a><\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Basic Attention Token (BAT) remains in a bear market, and the risk of further decline for this crypto is not over, especially after the major central banks reported that they would raise interest rates further in 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Basic Attention Token (BAT) might have a hard time holding above the current support level, which stands at $0.15.<\/p>\n","post_title":"Basic Attention Token (BAT) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"basic-attention-token-bat-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:54:13","post_modified_gmt":"2023-04-10 07:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n
\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
$\"Basic$
Basic Attention Token Support and Resistance Levels<\/figcaption><\/figure>\n\n\n\n
BAT might have a hard time holding above the current support level, which stands at $0.15, and a break below this level would indicate that we could see this cryptocurrency at $0.13 or even below. The upside potential remains limited for now; still, if the price of BAT jumps above $0.25, the next target could be resistance that stands at $0.30.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Chiliz (CHZ) Price Prediction For January 2023<\/a><\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Basic Attention Token (BAT) remains in a bear market, and the risk of further decline for this crypto is not over, especially after the major central banks reported that they would raise interest rates further in 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Basic Attention Token (BAT) might have a hard time holding above the current support level, which stands at $0.15.<\/p>\n","post_title":"Basic Attention Token (BAT) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"basic-attention-token-bat-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:54:13","post_modified_gmt":"2023-04-10 07:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n
\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Basic Attention Token (BAT) has collapsed from $0.34 to $0.17 since November 05, and the current price stands at $0.18. The price continues to move below the 10-day moving average, indicating that Basic Attention Token (BAT) could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Basic$
Basic Attention Token Support and Resistance Levels<\/figcaption><\/figure>\n\n\n\n
BAT might have a hard time holding above the current support level, which stands at $0.15, and a break below this level would indicate that we could see this cryptocurrency at $0.13 or even below. The upside potential remains limited for now; still, if the price of BAT jumps above $0.25, the next target could be resistance that stands at $0.30.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Chiliz (CHZ) Price Prediction For January 2023<\/a><\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Basic Attention Token (BAT) remains in a bear market, and the risk of further decline for this crypto is not over, especially after the major central banks reported that they would raise interest rates further in 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Basic Attention Token (BAT) might have a hard time holding above the current support level, which stands at $0.15.<\/p>\n","post_title":"Basic Attention Token (BAT) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"basic-attention-token-bat-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:54:13","post_modified_gmt":"2023-04-10 07:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n
\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
Technical Analysis of Basic Attention Token (BAT)<\/h2>\n\n\n\n
Basic Attention Token (BAT) has collapsed from $0.34 to $0.17 since November 05, and the current price stands at $0.18. The price continues to move below the 10-day moving average, indicating that Basic Attention Token (BAT) could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Basic$
Basic Attention Token Support and Resistance Levels<\/figcaption><\/figure>\n\n\n\n
BAT might have a hard time holding above the current support level, which stands at $0.15, and a break below this level would indicate that we could see this cryptocurrency at $0.13 or even below. The upside potential remains limited for now; still, if the price of BAT jumps above $0.25, the next target could be resistance that stands at $0.30.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Chiliz (CHZ) Price Prediction For January 2023<\/a><\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Basic Attention Token (BAT) remains in a bear market, and the risk of further decline for this crypto is not over, especially after the major central banks reported that they would raise interest rates further in 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Basic Attention Token (BAT) might have a hard time holding above the current support level, which stands at $0.15.<\/p>\n","post_title":"Basic Attention Token (BAT) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"basic-attention-token-bat-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:54:13","post_modified_gmt":"2023-04-10 07:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n
\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Basic Attention Token (BAT) Price Prediction For January 2023

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\n
Because of this, the outlook for risk appetite in the near term is not looking good, and many analysts expect a global recession that could weigh on stocks and cryptocurrencies even more. Caleb Franzen, the senior market analyst, and strategist at Cubic Analytics, believes<\/a> that the price of Bitcoin is heading down toward $14,000 and might drop even lower. If this really happens, Basic Attention Token (BAT), together with many other cryptocurrencies, would move towards lower price levels.<\/p>\n\n\n\n
Technical Analysis of Basic Attention Token (BAT)<\/h2>\n\n\n\n
Basic Attention Token (BAT) has collapsed from $0.34 to $0.17 since November 05, and the current price stands at $0.18. The price continues to move below the 10-day moving average, indicating that Basic Attention Token (BAT) could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Basic$
Basic Attention Token Support and Resistance Levels<\/figcaption><\/figure>\n\n\n\n
BAT might have a hard time holding above the current support level, which stands at $0.15, and a break below this level would indicate that we could see this cryptocurrency at $0.13 or even below. The upside potential remains limited for now; still, if the price of BAT jumps above $0.25, the next target could be resistance that stands at $0.30.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Chiliz (CHZ) Price Prediction For January 2023<\/a><\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Basic Attention Token (BAT) remains in a bear market, and the risk of further decline for this crypto is not over, especially after the major central banks reported that they would raise interest rates further in 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Basic Attention Token (BAT) might have a hard time holding above the current support level, which stands at $0.15.<\/p>\n","post_title":"Basic Attention Token (BAT) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"basic-attention-token-bat-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:54:13","post_modified_gmt":"2023-04-10 07:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n
\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The European Central Bank, the Bank of England, and the U.S. Federal Reserve reported that they have more work to do in order to bring down inflation. Hawkish messages from central banks fueled the worries of market participants who continue to worry that higher interest rates will harm the global economy.<\/p>\n\n\n\n
Because of this, the outlook for risk appetite in the near term is not looking good, and many analysts expect a global recession that could weigh on stocks and cryptocurrencies even more. Caleb Franzen, the senior market analyst, and strategist at Cubic Analytics, believes<\/a> that the price of Bitcoin is heading down toward $14,000 and might drop even lower. If this really happens, Basic Attention Token (BAT), together with many other cryptocurrencies, would move towards lower price levels.<\/p>\n\n\n\n
Technical Analysis of Basic Attention Token (BAT)<\/h2>\n\n\n\n
Basic Attention Token (BAT) has collapsed from $0.34 to $0.17 since November 05, and the current price stands at $0.18. The price continues to move below the 10-day moving average, indicating that Basic Attention Token (BAT) could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Basic$
Basic Attention Token Support and Resistance Levels<\/figcaption><\/figure>\n\n\n\n
BAT might have a hard time holding above the current support level, which stands at $0.15, and a break below this level would indicate that we could see this cryptocurrency at $0.13 or even below. The upside potential remains limited for now; still, if the price of BAT jumps above $0.25, the next target could be resistance that stands at $0.30.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Chiliz (CHZ) Price Prediction For January 2023<\/a><\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Basic Attention Token (BAT) remains in a bear market, and the risk of further decline for this crypto is not over, especially after the major central banks reported that they would raise interest rates further in 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Basic Attention Token (BAT) might have a hard time holding above the current support level, which stands at $0.15.<\/p>\n","post_title":"Basic Attention Token (BAT) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"basic-attention-token-bat-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:54:13","post_modified_gmt":"2023-04-10 07:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n
\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Basic Attention Token (BAT) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for BAT is still not over, especially after the major central banks reported that they would continue to raise interest rates further.<\/p>\n\n\n\n
The European Central Bank, the Bank of England, and the U.S. Federal Reserve reported that they have more work to do in order to bring down inflation. Hawkish messages from central banks fueled the worries of market participants who continue to worry that higher interest rates will harm the global economy.<\/p>\n\n\n\n
Because of this, the outlook for risk appetite in the near term is not looking good, and many analysts expect a global recession that could weigh on stocks and cryptocurrencies even more. Caleb Franzen, the senior market analyst, and strategist at Cubic Analytics, believes<\/a> that the price of Bitcoin is heading down toward $14,000 and might drop even lower. If this really happens, Basic Attention Token (BAT), together with many other cryptocurrencies, would move towards lower price levels.<\/p>\n\n\n\n
Technical Analysis of Basic Attention Token (BAT)<\/h2>\n\n\n\n
Basic Attention Token (BAT) has collapsed from $0.34 to $0.17 since November 05, and the current price stands at $0.18. The price continues to move below the 10-day moving average, indicating that Basic Attention Token (BAT) could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Basic$
Basic Attention Token Support and Resistance Levels<\/figcaption><\/figure>\n\n\n\n
BAT might have a hard time holding above the current support level, which stands at $0.15, and a break below this level would indicate that we could see this cryptocurrency at $0.13 or even below. The upside potential remains limited for now; still, if the price of BAT jumps above $0.25, the next target could be resistance that stands at $0.30.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Chiliz (CHZ) Price Prediction For January 2023<\/a><\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
Basic Attention Token (BAT) remains in a bear market, and the risk of further decline for this crypto is not over, especially after the major central banks reported that they would raise interest rates further in 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Basic Attention Token (BAT) might have a hard time holding above the current support level, which stands at $0.15.<\/p>\n","post_title":"Basic Attention Token (BAT) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"basic-attention-token-bat-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:54:13","post_modified_gmt":"2023-04-10 07:54:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9036","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9029,"post_author":"8","post_date":"2022-12-25 01:07:24","post_date_gmt":"2022-12-24 14:07:24","post_content":"\n
BNB Technical Analysis: Key Findings<\/h2>\n\n\n\n
\n
BNBUSD pulled back from the current support at $220 despite the recent bearish rally.<\/li>\n<\/ul>\n\n\n\n
\n
The bullish movement got restricted below the resistance at $253.<\/li>\n<\/ul>\n\n\n\n
\n
The bearish crossover between 8 and 21 EMA suggests an overall downtrend.<\/li>\n<\/ul>\n\n\n\n
\n
RSI value holds below 40, indicating bearish momentum.<\/li>\n<\/ul>\n\n\n\n
\n
The price must exceed the resistance at $253 to revive the bullish momentum.<\/li>\n<\/ul>\n\n\n\n
$\"BNB$ <\/a>
BNBUSD<\/a> may return to long-term support at $184 following the current downtrend. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Binance Coin<\/a> has been under an overall bearish sentiment since the price dropped below $250. However, the price rejected the support at $220 and gained 11.26% since December 17. The bullish momentum started weakening after sellers restricted the price below the current resistance at $253.<\/p>\n\n\n\n
The price is currently testing the dynamic resistance at 8 EMA. Besides, the 8 and 21 EMA plots a bearish crossover that signals an overall downtrend.<\/p>\n\n\n\n
Furthermore, the Relative Strength Index (RSI) value fails to exceed 50 and currently lying below 40, suggesting a revival of the bearish momentum.<\/p>\n\n\n\n
If the price decides to rejoin the current bearish trend, BNB price may drop to a further downside target near the long-term support at $184. Contrarily, a bullish breakout of the current consolidation range may revive the recent bullish momentum and push the price above the $300 mark.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Binance Coin Bullish Rally Stalls Below The Current Resistance $253 - BNB Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bullish-rally-stalls-below-the-current-resistance-253-bnb-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:01","post_modified_gmt":"2023-04-10 07:55:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9029","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8976,"post_author":"16","post_date":"2022-12-24 01:43:53","post_date_gmt":"2022-12-23 14:43:53","post_content":"\n
The Korean government has frozen 120 billion won, equivalent to US$92 million, of Terra-affiliated company Kernel Labs<\/a>.<\/p>\n\n\n\n
\n
This is one of the actions of the Korean authorities to investigate the collapse of Terra Luna<\/a>, this action is to freeze the assets of both individuals and organizations related to this company and avoid an amount of unethical earnings massive inroads into the country's finances.<\/li>\n<\/ul>\n\n\n\n
\n
For LUNA investors this is a remarkable action, we have interviewed a few LUNA<\/a> and LUNC<\/a> token holders and they said that this action of the government greatly affects their investment strategy, 70% of investors convert LUNA and LUNC from long-term investment into venture capital, they intend to bottom fishing LUNA as an opportunity to make money at this time.<\/li>\n<\/ul>\n\n\n\n
\n
At the time of this writing, the price of new LUNA from $1.31 has dropped to $1.22 or 6.8%, LUNC from $0.00001413 to $0.001298, LUNC has lost 8.1% of its value in just 1 day.<\/li>\n<\/ul>\n\n\n\n
\n
LUNA seems to have completely lost its footing with the Korean market in particular and Asia in general after these two shocking incidents. Binance's CEO Changpeng Zhao<\/a> spoke after the \"disaster\" of UST and LUNA which has now lost its reputation in the eyes of investors, investing in LUNA will carry quite high risks and will not bring long-term benefits.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Do Kwon Cashes Out Almost 10 BTC After Fleeing To Serbia<\/a><\/p>\n","post_title":"LUNA Investors Have a Headache Again After Terra-Affiliated Assets Are Frozen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"luna-investors-have-a-headache-again-after-terra-affiliated-assets-are-frozen","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 17:55:43","post_modified_gmt":"2023-04-10 07:55:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8970,"post_author":"15","post_date":"2022-12-23 16:26:23","post_date_gmt":"2022-12-23 05:26:23","post_content":"\n
Chainlink active addresses jump almost 15x in just one day. Here's what the data shows:<\/p>\n\n\n\n
\n
Data\u00a0from CryptoQuant<\/a>, an analytics platform that provides on-chain information, show exponential growth of the active addresses. On December 21, 2022, Chainlink registered a total of 47,955 active addresses which is 14x higher than the previous day of 3,274. The last ATH was seen last March 03, 2021, with a reported data of 23,426 addresses which is 50% lower than the current high.<\/li>\n<\/ul>\n\n\n\n
\n
Chainlink is a decentralized oracle network. Oracles in blockchain act as middleware that provides external data to smart contracts<\/a>. These data can be stock prices or even election results.<\/li>\n<\/ul>\n\n\n\n
\n
According to a\u00a0 tweet\u00a0<\/a>by CryptoQuant, active sending addresses hit an ATH of 46,148. On contrary, active receiving addresses show no notable increase. Which led them to the conclusion that \"this kind of behavior usually occurs when multiple addresses deposit to central exchanges.\".<\/em><\/li>\n<\/ul>\n\n\n\n
\n
Earlier, Binance\u00a0 announced\u00a0<\/a>that it will be moving assets as part of its housekeeping. These assets are $XRP and $LINK which are collateral for Binance-pegged tokens.\u00a0 Exchange Depositing Transaction<\/a>,\u00a0 Exchange Total Inflow<\/a>, and\u00a0 Exchange Reserve<\/a>\u00a0data of Binance concerning Chainlink shows significant growth.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/strong><\/em> Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83<\/a><\/p>\n\n\n\n
$\"Chainlink:$
Chainlink: Active Addresses (courtesy of CryptoQuant<\/a>)<\/figcaption><\/figure>\n","post_title":"Chainlink Active Address Reach New Highs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-active-address-reach-new-highs","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2023-04-10 17:56:15","post_modified_gmt":"2023-04-10 07:56:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8970","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8949,"post_author":"14","post_date":"2022-12-23 14:00:16","post_date_gmt":"2022-12-23 03:00:16","post_content":"\n
Table Of Contents<\/h2>
Chiliz (CHZ) Price Prediction<\/a><\/li>
Summary Of Chiliz Price Prediction<\/a><\/li><\/ul><\/div>\n\n\n\n
Chiliz (CHZ), like most other cryptocurrencies, came under selling pressure after the collapse of the FTX cryptocurrency exchange<\/a>. The risk of further decline for Chiliz is still not over, especially after hawkish messages from major central banks.<\/p>\n\n\n\n
The U.S. Federal Reserve, the European Central Bank, and the Bank of England hiked the benchmark interest rate by 50 basis points last week and signaled that it would keep lifting interest rates in 2023 in order to bring down inflation. Investors continue to worry that higher interest rates will harm the global economy, and the outlook for risk appetite in the near term is not looking good. Bridgewater Associates co-chief investment officer Greg Jensen said<\/a>:<\/p>\n\n\n\n
\"During periods of high inflation like what the U.S. economy is experiencing today, recessions tend to last longer unless central banks slash interest rates quickly. You haven't seen the bottom in risky assets, and it's going to be a couple of years down cycle here.\"<\/em><\/p>\n\n\n\n
According to Greg Jensen, investors have yet to price in the coming multiyear recession that could weigh on stocks and cryptocurrencies even more. January 2023 could be a tough month for Chiliz (CHZ), and it is important to note that the crypto selloffs could gather speed if Bitcoin cannot hold at the $16,000 mark.<\/p>\n\n\n\n
The cryptocurrency market is still unable to show positive signs and continues to face a deep trust crisis. The collapse of the FTX created unprecedented market turmoil that could last for several more months, and there are still fears that the collapse of the FTX could drag some other big exchanges into the mud.<\/p>\n\n\n\n
Chiliz (CHZ) Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened from $0.30 to $0.10 since November 07, 2022, and the current price stands at $0.11. The price of this cryptocurrency is usually correlated with Bitcoin, and if the price of Bitcoin falls below $16,000, we could probably see CHZ at a lower price level than the current price.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below. According to technical analysis, Chiliz (CHZ) remains in a bear market, but if the price jumps above $0.13, the next target could be resistance that stands at $0.15.<\/p>\n\n\n\n
Summary Of Chiliz Price Prediction<\/h2>\n\n\n\n
The price of Chiliz (CHZ) has weakened more than 60% since November 07, and the risk of further decline is still not over. The current support level stands at $0.10, and a break below this level would indicate that we could see CHZ at $0.09 or even below.<\/p>\n","post_title":"Chiliz (CHZ) Price Prediction For January 2023","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chiliz-chz-price-prediction-for-january-2023","to_ping":"","pinged":"","post_modified":"2023-04-10 17:56:30","post_modified_gmt":"2023-04-10 07:56:30","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8949","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8931,"post_author":"8","post_date":"2022-12-22 10:45:39","post_date_gmt":"2022-12-21 23:45:39","post_content":"\n
Aayush Jindal<\/a>, crypto journalist and technical analyst at NewsBTC, has posted his technical view on the latest changes in Cardano price actions. According to his report<\/a>, ADA shows no sign of a bullish reversal. Instead, the price might move on within the current bearish trend and hit the critical support around $0.22.<\/p>\n\n\n\n
\n
Cardano's price has steadily fallen from the $0.320 barrier over the last three days. Eventually, the price broke the support at $0.280 and is yet to show a sign of recovery anytime soon.
<\/li>\n\n\n\n
The decline accelerated below $0.265 and the 100 SMA (H4 chart). The ADA price even dropped below the support at $0.250, trading as low as $0.2481. Unlike Bitcoin and Ethereum, Cardano is now displaying a significant number of bearish indications near the $0.250 level.
<\/li>\n\n\n\n
The primary resistance is currently forming near $0.2840. It corresponds to the 50% Fibonacci retracement of the decline from $0.3188 to $0.2481. If the price exceeds the resistances at $0.280 and $0.284, it could begin a strong rise. In the aforementioned scenario, the price could steadily rise toward $0.32.
<\/li>\n\n\n\n
The next support awaits near $0.245. A break below $0.245 could signal the start of a new downturn toward $0.220 in the upcoming weeks. The ultimate support lies near $0.200.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>In One Month 400 Projects And 100k Wallets Have Appeared On Cardano<\/a><\/p>\n\n\n\n
$\"Cardano$ <\/a>
Aayush Jindal explains why Cardano might keep moving under the overall bearish trend. Source: NewsBTC\/CryptoAnalysis<\/figcaption><\/figure>\n","post_title":"Cardano (ADA) Rejoins The Long-Term Bearish Rally And May Hit The Downside Target Near $0.22 \u2013 Cardano Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cardano-ada-rejoins-the-long-term-bearish-rally-and-may-hit-the-downside-target-near-0-22-cardano-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:57:18","post_modified_gmt":"2023-04-10 07:57:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8931","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8896,"post_author":"8","post_date":"2022-12-22 10:07:13","post_date_gmt":"2022-12-21 23:07:13","post_content":"\n
TRON: Key Findings<\/h2>\n\n\n\n
\n
TRX remains under an overall downtrend since the price failed to exceed the critical resistance at $0.06530.
<\/li>\n\n\n\n
Recently, the price tried to revive the bullish momentum but got rejected from the current resistance at $0.0576.
<\/li>\n\n\n\n
TRON is trading below the 21 and 50 EMA, suggesting a fresh downside rally.
<\/li>\n\n\n\n
The Relative Strength Index (RSI) dropped below 50, indicating a bearish momentum.
<\/li>\n\n\n\n
The price may return to the recent market low at $0.04522 following the current downtrend.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Dominica Welcomes First National Crypto DMC In Partnership With Huobi, Tron<\/a><\/p>\n\n\n\n
$\"TRON$ <\/a>
TRX\/USD<\/a> is under an overall downtrend and may retest support at $0.04522. Source: The\u00a0Distributed<\/figcaption><\/figure>\n\n\n\n
TRON (TRX) Technical Analysis<\/h2>\n\n\n\n
TRX tried to exceed the $0.0650 level several times but got strongly denied by the resistance on November 9th that kept the price under the long-term downtrend.<\/p>\n\n\n\n
Although the price maintained a bullish momentum since it rebounded from the support at $0.04522. However, the momentum weakened after the price got rejected at the immediate resistance ($0.0576).<\/p>\n\n\n\n
The price has already broken the dynamic support at 50 EMA. Besides, the 21 EMA maintains below the 50 EMA, suggesting a bearish crossover.<\/p>\n\n\n\n
According to RSI, the momentum index has dropped below the 14 SMA and currently holding below 50, which indicates bears are still in the dominating position.<\/p>\n\n\n\n
Furthermore, The number of transactions taking place on the network drastically decreased. Data from TRONSCAN shows<\/a> that the volume of daily network transactions dropped from 7.5 to 6.3 million during the past two weeks.<\/p>\n\n\n\n
We\u2019ll remain bearish with TRON until the price exceeds the current resistance at $0.0576. Also, our downside target will remain at the long-term support near $0.04522 as long as the price holds below the immediate dynamic resistance at 50 EMA.<\/p>\n","post_title":"TRON (TRX) Intends To Rejoin The Long-Term Downtrend And Return To The Recent Market Low At $0.04522 \u2013 TRON Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tron-trx-intends-to-rejoin-the-long-term-downtrend-and-return-to-the-recent-market-low-at-0-04522-tron-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 17:58:52","post_modified_gmt":"2023-04-10 07:58:52","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8896","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8875,"post_author":"8","post_date":"2022-12-19 01:47:07","post_date_gmt":"2022-12-18 14:47:07","post_content":"\n
Quant: Key Findings<\/h2>\n\n\n\n
\n
QNT rejected the resistance at $133.40 before rejoining the recent downtrend.
<\/li>\n\n\n\n
The daily chart prints a double-top pattern right below the current resistance.
<\/li>\n\n\n\n
The price is holding below both 50 and 100 EMA, indicating a downtrend.
<\/li>\n\n\n\n
Quant is now testing support at $110.50 following the overall bearish momentum.
<\/li>\n\n\n\n
The technical analysis on Quant found the key support near $85 is a potential downside target for QNT.<\/li>\n<\/ul>\n\n\n\n
$\"QNT$
QNT could initiate a fresh bearish rally following the potential breakout at $110.50 Source: TheDistributed<\/figcaption><\/figure>\n\n\n\n
Quant (QNT) Technical Analysis<\/h2>\n\n\n\n
The Quant price got rejected at the current resistance near $133.40 multiple times and showed no sign of returning to the level anytime soon. The price moved below 50 and 100 EMA, suggesting an upcoming downtrend.<\/p>\n\n\n\n
However, the EMAs are yet to plot a bearish crossover. Since the price is testing the current support at $110.50, a bearish breakout at this level may enforce the 50 EMA to move below the 100 EMA, confirming a fresh bearish trend.<\/p>\n\n\n\n
QNT daily chart shows the price has formed a double top pattern right below the critical resistance ($133.40) and rejected the dynamic resistance of exponential moving averages multiple times.<\/p>\n\n\n\n
The Relative Strength Index (RSI) value drops below 50 and the 14 SMA, and currently roaming around 40, signaling a strong bearish momentum.<\/p>\n\n\n\n
The recent development of overall bearish sentiment suggests Quant may break the current support at $110.50 and return to a further downside target near $85.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n","post_title":"Quant (QNT) May Break Below $110.50 And Retest Critical Support At $85 \u2013 Quant Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"quant-qnt-may-break-below-110-50-and-retest-critical-support-at-85-quant-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:15","post_modified_gmt":"2023-04-10 08:01:15","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8875","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8838,"post_author":"14","post_date":"2022-12-16 04:35:13","post_date_gmt":"2022-12-15 17:35:13","post_content":"\n
Algorand (ALGO) has weakened more than 40% after FTX filed Chapter 11 for bankruptcy<\/a> and created fears of a domino effect that could drag other crypto exchanges into the mud. The risk of further decline for ALGO is still not over, especially after the U.S. Federal Reserve signaled that it would keep lifting interest rates in 2023 in order to bring down inflation.<\/p>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
The sentiment on the cryptocurrency market has plummeted again, and we could probably see new lows for ALGO in the days ahead. The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, and it is important to note that the federal funds rate is now in a range of 4.25% to 4.5%, which is the highest level since the 2007 year.<\/p>\n\n\n\n
The U.S. economy faces recession risk that could dent corporate earnings, and according to many analysts, stocks and cryptocurrencies would not make any significant jump until the U.S. Federal Reserve shifts its policy from \"hawkish\" and goes back to monetary easing.<\/p>\n\n\n\n
Algorand (ALGO) Technical Analysis<\/h2>\n\n\n\n
Algorand (ALGO) has weakened from $0.44 to $0.20 since November 07, and the current price stands at $0.21. The price continues to move below the 10-day moving average, indicating that this cryptocurrency could fall even more in the upcoming days.<\/p>\n\n\n\n
$\"Algorand$
ALGO\/USD<\/a> Source: TradingView<\/figcaption><\/figure>\n\n\n\n
Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20, and a break below this level would indicate that we could see ALGO at $0.18 or even below. The upside potential remains limited for now; still, if the price of Algorand (ALGO) jumps above $0.30, the next target could be $0.35.<\/p>\n\n\n\n
Conclusion<\/h2>\n\n\n\n
The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Binance Coin (BNB) Technical Analysis As Recession Worries Continue To Rise<\/a><\/p>\n","post_title":"Algorand (ALGO) Price Prediction After Fed Hiked Interest Rates, Again","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"algorand-algo-price-prediction-after-fed-hiked-interest-rates-again","to_ping":"","pinged":"","post_modified":"2023-04-10 18:03:02","post_modified_gmt":"2023-04-10 08:03:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8838","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8811,"post_author":"8","post_date":"2022-12-14 22:40:02","post_date_gmt":"2022-12-14 11:40:02","post_content":"\n
Blockchain specialist Editah Patrick<\/a> <\/strong>has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of Chainlink in her latest technical report<\/a> published on Cryptopolitan.<\/p>\n\n\n\n
\n
According to Edith\u2019s analysis, the resistance at $6.83 could be critical for Chainlink as the price inflates to $6.61, as recorded on December 13th. \u201cIt (LINK) is currently facing rejection at $6.71, which may indicate that a pullback to the $6.57 support level is likely,\u201d<\/em> she added<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
The Chainlink daily chart reveals that over the past 24 hours, LINK\/USD has retraced to $6.61 as traders took profits off the table in the wake of the strong bullish movement. However, given that it is anticipated to keep gaining momentum in the upcoming weeks, this could be an excellent time for long-term investors to purchase Chainlink on the dip.<\/li>\n<\/ul>\n\n\n\n
\n
For LINK\/USD, the MACD indicators show an upward trend, and the recent price movement indicates a further bullish move. With the 50 EMA currently above the 200 EMA, plotting a bullish crossover. Also, the relative strength index (RSI) is positive at 50, indicating a possible upside rally.<\/li>\n<\/ul>\n\n\n\n
\n
The 4-hour chart shows the LINK price is consolidating within a tight range from $6.57 to $6.71.<\/a> Although there seems to be a balance between bullish and negative price movements, we are currently observing positive price movements, which may suggest that the price will continue to rise.<\/li>\n<\/ul>\n\n\n\n
\n
Furthermore, the MACD line points upward and indicates a solid bullish momentum. This provides technical evidence that the price could increase over the next few days. Additionally, the RSI is at 37.36, indicating a market that may be due for a fall and is slightly overbought. Another technical support for this bullish trend is the EMA crossing, which is positive on the 4-hour chart.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Chainlink (LINK) Price Prediction For December<\/a><\/p>\n\n\n\n
$\"\"$
Editah Patrick illustrates potential support\/resistance levels for Chainlink amid the recent uptrend. Source: CryptoPolitan\/Chainlink Price Analysis<\/figcaption><\/figure>\n","post_title":"Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 - Chainlink Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"chainlink-link-bullish-run-stalls-near-the-critical-resistance-at-6-83-chainlink-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:14","post_modified_gmt":"2023-04-30 11:29:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8811","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Chainlink (LINK) Bullish Run Stalls Near The Critical Resistance At $6.83 – Chainlink Technical Analysis

Blockchain specialist Editah Patrick has mentioned the resistance at $6.83 could be a deciding zone for the upcoming trend of ...

by Md Ishtiaque Ahmed
December 14, 2022

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