Anaisomari
Thursday, February 9, 2023
Ledger - Crypto Beginners Pack
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
Anaisomari
No Result
View All Result

Ethereum, Solana and Cardano Signal Weakness Is Coming to Altcoin Market, Says Crypto Analyst – Here’s Why

October 15, 2022
in Altcoin
0

Crypto analyst and DataDash host Nicholas Merten is predicting altcoins like Ethereum (ETH), Solana (SOL) and Cardano (ADA) will drop lower in value.

In a new video, Merten tells his 513,000 YouTube subscribers that the 200-day moving average against Bitcoin (BTC) is now acting as a line of resistance for multiple altcoins in a bear market.

In the last bull market, it was one indicator of a “buy the dip opportunity.”

“There’s likely going to be further decline and an accumulation period for altcoins.”

Merten says since Ethereum’s price drop in September the 200-day moving average is acting as a line of resistance for the second-largest cryptocurrency, not an indicator of support.

“Usually the 200-day moving average is a point where it’s time to buy equities and get bullish, right? But what we’re starting to see now during a bear market is that a lot of these altcoins, which have remained overbought in my opinion, are now starting to tread resistance around these moving averages. And it’s not just Ethereum here.

Cardano, since back here in October since equities and crypto really started to basically decline, we’ve seen that the 200-day moving average has started to act as resistance practically every time. Sometimes we get deviations above it, but it doesn’t hold and it rolls right back down.

I’m not negative here on [Cardano co-creator] Charles Hoskinson or Cardano as a project fundamentally, I’m just saying that the price action is telling me that I don’t really have any need to rush into this. Even if I wanted to dollar cost average or buy the dip, I should be setting my expectations lower here, potentially looking for it to come down to this previous range or maybe even a lower price range. We will have to see, right?

Again, I’m not here to say exactly where things are going to go. I’m not a Nostradamus. My key point here is to talk about setting our standards here and making sure that we don’t get caught here buying what we think is a dip.”

Merten also says Solana may dip to a prior support range and “it might take years to potentially recover” to current prices.

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Razulation

Generated Image: DALLE-2



This news is republished from another source. You can check the original article here


Previous Post

Check Bitcoin, Ethereum, Dogecoin, Tether rates

Next Post

Konami Launches Metaverse Push With Web3 Focused Hiring Spree – Blockchain Bitcoin News

Next Post

Konami Launches Metaverse Push With Web3 Focused Hiring Spree – Blockchain Bitcoin News


Name Price
bitcoin
Bitcoin (BTC)
$22,957.00
ethereum
Ethereum (ETH)
$1,646.88
USDEX
USDEX (USDEX)
$1.08
tether
Tether (USDT)
$1.00
binancecoin
BNB (BNB)
$327.93
usd-coin
USD Coin (USDC)
$1.00
ripple
XRP (XRP)
$0.397633
binance-usd
Binance USD (BUSD)
$1.00
cardano
Cardano (ADA)
$0.393536
dogecoin
Dogecoin (DOGE)
$0.090202


Crypto News

Payments Company Affirm Is Shutting Down Its Crypto Business – CoinDesk

February 8, 2023

Ethereum staking versus Bitcoin: Here's what you need to know – Proactive Investors UK

February 8, 2023

Cryptocurrency prices today: Rates of Bitcoin, Ethereum, Shiba Inu … – NewsBytes

February 8, 2023

Bitcoin

Bitcoin Nears the Vaunted 'Golden Cross' | Video – CoinDesk

February 8, 2023

No Result
View All Result

Pages

  • Latest Crypto News
  • Live Rates
  • Privacy Policy
  • Shop
  • Terms of Service

Tether

This February, Tether and VeChain Cryptos Are Looking To … – Deccan Herald

February 8, 2023

Solana

Brave Collaborates With Solana To Add Support For DApp On Mobile – Bitcoinist

February 8, 2023

Want To Be A Crypto Millionaire? Buy Snowfall Protocol (SNW), Solana (SOL), and PaxGold (PAXG) – Analytics Insight

February 8, 2023

Advertisement

  • Latest Crypto News
  • Shop
  • Privacy Policy
  • Terms of Service

© 2022 Anaisomari.com


No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop

© 2022 Anaisomari.com


  • bitcoinBitcoin(BTC)$22,957.00-1.30%
  • ethereumEthereum(ETH)$1,646.88-1.55%
  • USDEXUSDEX(USDEX)$1.080.27%
  • tetherTether(USDT)$1.00-0.08%
  • binancecoinBNB(BNB)$327.93-1.52%
  • usd-coinUSD Coin(USDC)$1.00-0.12%
  • rippleXRP(XRP)$0.397633-1.60%
  • binance-usdBinance USD(BUSD)$1.00-0.05%
  • cardanoCardano(ADA)$0.393536-1.86%
  • dogecoinDogecoin(DOGE)$0.090202-2.98%
  • matic-networkPolygon(MATIC)$1.302.42%
  • okbOKB(OKB)$45.13-1.07%
  • solanaSolana(SOL)$23.12-3.68%
  • staked-etherLido Staked Ether(STETH)$1,644.81-1.45%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.31%
  • polkadotPolkadot(DOT)$6.74-2.94%
  • litecoinLitecoin(LTC)$99.20-1.53%
  • avalanche-2Avalanche(AVAX)$20.04-4.17%
  • tronTRON(TRX)$0.0666890.46%
  • uniswapUniswap(UNI)$6.77-3.46%
  • daiDai(DAI)$1.00-0.10%
  • cosmosCosmos Hub(ATOM)$15.141.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,944.00-1.28%
  • chainlinkChainlink(LINK)$7.12-1.56%
  • ToncoinToncoin(TON)$2.29-3.40%
  • ethereum-classicEthereum Classic(ETC)$22.58-2.78%
  • leo-tokenLEO Token(LEO)$3.380.13%
  • moneroMonero(XMR)$165.81-1.53%
  • bitcoin-cashBitcoin Cash(BCH)$131.14-3.39%
  • AptosAptos(APT)$14.98-6.53%
  • stellarStellar(XLM)$0.090972-1.62%
  • nearNEAR Protocol(NEAR)$2.603.70%
  • lido-daoLido DAO(LDO)$2.611.85%
  • crypto-com-chainCronos(CRO)$0.0844021.02%
  • apecoinApeCoin(APE)$5.72-4.71%
  • filecoinFilecoin(FIL)$5.41-3.31%
  • algorandAlgorand(ALGO)$0.2868582.13%
  • quant-networkQuant(QNT)$139.13-1.83%
  • hedera-hashgraphHedera(HBAR)$0.0752460.83%
  • vechainVeChain(VET)$0.025827-0.77%
  • internet-computerInternet Computer(ICP)$5.68-3.81%
  • the-graphThe Graph(GRT)$0.179062-13.04%
  • the-sandboxThe Sandbox(SAND)$0.84-9.40%
  • fantomFantom(FTM)$0.53-10.63%
  • decentralandDecentraland(MANA)$0.76-6.34%
  • axie-infinityAxie Infinity(AXS)$11.831.13%
  • aaveAave(AAVE)$86.58-2.84%
  • eosEOS(EOS)$1.08-2.98%
  • flowFlow(FLOW)$1.13-2.29%
  • elrond-erd-2MultiversX(EGLD)$46.02-2.76%