Author
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
XLM Price Analysis: Will XLM End Consolidation On Bearish Note?
While most of the altcoins are rising higher with the Bitcoin recovery rally this Uptober, Stellar is far from the limelight. The XLM price struggles to end the consolidation trap as it moves along the 200-day EMA. Despite the recent correction and consolidation, with a 34% YTD growth, 2023 remains bullish for XLM and also …
Sohrab Khawas·4 Oct 20231 min
XRP Price Analysis: Bulls Eye $0.70 as Bears Look to Pullback!
Following the sharp correction to $0.4590 with a resistance trendline formation, the XRP price action displays a bullish recovery. The recovery rally prolongs the overall uptrend seen in Ripple prices in 2023. With a 58% year-to-date growth, the uptrend continuation strengthens again even after losing the partial victory gains against the SEC. Moreover, the market-wide …
Sohrab Khawas·4 Oct 20232 min
Litecoin’s Road to $100: Will Bulls Break Through $68 Resistance?
Within the lateral movement of Litecoin, the LTC price trend faces bearish dominance at the $68 horizontal zone. With multiple breakout attempts, the price action shows an inverted head and shoulder pattern rising in the daily chart. However, the bullish pattern faces multiple bearish oppositions that might delay or reverse the triggering of the breakout …
Sohrab Khawas·3 Oct 20232 min
ADA Price Analysis: Will Cardano Trigger A 35% Jump From $0.25?
Deep into the correction phase, the ADA price fails to hold the 883% gain in early 2023 as the pullback crashes the altcoin. With just 6.50% year-to-date growth in 2023, Cardano plans to reclaim the bullish momentum with a reversal from $0.24. With the reversal giving a breakout entry in Cardano, the chances of altcoin …
Sohrab Khawas·3 Oct 20232 min
BCH Price Analysis: BCH Eyes $300 Despite A Bear Trap!
With the market taking a bullish step in October, the altcoins are rising higher to their previous swing highs. Even the BCH price reaches the $250 mark with a remarkable growth of 10% within just two days. Currently, the overhead supply pressure at the psychological mark triggers a short correction in the Bitcoin Cash market …
Sohrab Khawas·3 Oct 20232 min
BTC Price Analysis: Bitcoin Starts Uptober With A Boom!
With the start of October, the Bitcoin price trend enters the bullish highway, putting the altcoin market into a fresh recovery phase. The BTC price jumps by 3.82%, forming a large candle and acting as the bullish sigil of a new uptrend. Fueling the October uptrend in Bitcoin, the short-term resistance trendline breakout remains a …
Sohrab Khawas·2 Oct 20232 min
MATIC Price Analysis: MATIC Breaks Trendline, Hints 30% Hike!
Taking a deep hit in the correction phase of 2023, the MATIC price fails to find a solid support level in summer. The downtrend movement leads to a death cross and a falling channel pattern for the altcoin. Accounting for a drop of more than However, the recent footing at $0.49 teases a potential reversal …
Sohrab Khawas·30 Sept 20232 min
ALGO Price Analysis: Turning Tides For Algorand Eyes 35% Jump!
The ALGO price trend shows a long-term downtrend in motion, leading to a falling wedge pattern in the daily chart. The bearish pattern brings the Algorand price down to $0.0885, accounting for a price fall of 35% in a month. However, the recent reversal teases a bullish exit from the bearish highway to reclaim the …
Sohrab Khawas·30 Sept 20232 min
XRP Price Analysis: Ripple Aims For $0.55 Break To Cross $0.70!
Following the falling channel breakout, the XRP price has struggled to overcome the supply inflow at the 200-day EMA. Taking a step backward to retest the channel breakout, the Ripple coin price finds the post-retest momentum. Rising sharply 2.28% on Thursday, followed by the sharp increase on Friday to reach $0.549 before closing at $0.5217. …
Sohrab Khawas·30 Sept 20232 min