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.
MATIC Price Analysis: With A Buyer’s Barricade At $0.52, Will MATIC Bounceback?
Dropping to a Year-to-Date move of 25%, the MATIC price is trading at a 64% discount from the 2023 high of $1.56. Avoiding a new bottom formation in 2023, Polygon finds a bullish barricade at $0.52, avoiding a drop to $0.50. The demand belt forming at $0.52 helps in a double bottom reversal with a …
Sohrab Khawas·5 Sept 20231 min
XLM Price Analysis: With Trendline Breakout, Will XLM Price Ready To Cross $0.14?
Trading at a discount of $37% discount from the 2023-high of $0.1959, XLM price trades at $0.12269 with an ongoing recovery. Bouncing back from the 200-day EMA, the XLM price action displays a bullish double-bottom reversal, leading to a breakout rally that may soon propel the Stellar Lumens market value to new 2023 heights. Furthermore, …
Sohrab Khawas·4 Sept 20231 min
XRP Price Analysis: Face-off At $0.50, Will XRP Price Jump To $0.60?
As Bitcoin price stabilizes above the $25K demand belt, the XRP price makes a comeback above the broken $0.50. With a 1.48% jump on the weekends and an intraday growth of 0.79% today, the XRP price trades at $0.50867. Meanwhile, the market sentiments may soon recover with the overall stronger position of Ripple labs and …
Sohrab Khawas·4 Sept 20232 min
Polygon Price Analysis: Trapped In A Triangle MATIC Price Are At Crossroads, $0.50 Drop or $0.70 Jump?
Polygon price finally finds a solid footing at $0.53, leading to a short recovery support trendline. Moreover, with hours left for the Bitcoin ETF’s SEC deadline, the support levels’ altcoins may find a bullish spike soon. As MATIC prices downtrend under the influence of a resistance trendline, the MATIC price action forms a triangle pattern …
Sohrab Khawas·1 Sept 20231 min
Avalanche Price Analysis: AVAX Price Holds At $10 As Spartan-like Buyers Challenge Falling Channel
Maintaining a downtrend for almost two months now, the AVAX coin price lost 37% to drop to $10 from the swing high of $15.99. Creating a falling channel pattern in the 4-hour chart, the Avalanche price undergoes a bearish avalanche phase. Breaking multiple support levels between $16 and $10, the downtrend finally finds a spot …
Sohrab Khawas·1 Sept 20231 min
LTC Price Analysis: Litecoin Bounces Back, Will Buyers Turn It Bigger Than A Retest?
Following the rising channel fallout and death cross pinning a bearish dominance over the daily chart, Litecoin drops to $60. Holding off any further depreciation in the market value, the buyers lead the LTC price into a sideways trend, waiting for the right moment. Bring hope to the Litecoin investors, Grayscale’s victory in the legal …
Qadir AK·31 Aug 20232 min
Solana Price Analysis: With SOL Price Struggles For A Bull Wave, Will Sellers Plunge It To $15?
Despite spending the majority of 2023 in the sideways lane, Solana maintains a year-to-date growth of 112%. One of the few blue-chip crypto to maintain a triple-digit YTD growth, the SOL price trend promises a short-term recovery rally. Currently, the SOL price remains trapped in a falling channel, a 24% correction drops the crypto to …
Sohrab Khawas·31 Aug 20231 min
Shiba Inu Price Analysis: With Shibarium Back To Work, Will SHIB Price Resurface Above $0.000010?
Following the recent embarrassment of the Shibarium network failing to respond, the layer-2 scaling solution for the Shiba Inu blockchain is now live. Despite the initially rocky start, the market welcomes the news with open hands. With a 2.24% jump last night in response to the Shibarium network, the SHIB coin price forms a strong …
Sohrab Khawas·29 Aug 20231 min
Polkadot Price Analysis: DOT Price Prepares To Bounce And Break The Triangle, Will It Reach $6.30?
Following the recent correction to $4.29, the DOT coin price finds footing at the base of the descending triangle. Making $4.29 a multi-contact support level, buyers are extremely confident of a bounce back within the triangle. With a rounding bottom-like reversal, DOT price starts a positive cycle within the triangle pattern and may soon challenge …
Sohrab Khawas·29 Aug 20231 min