The cryptocurrency and blockchain space has grown and thrived despite the opposition from particularly the U.S. government and regulatory agencies like the Securities and Exchange Commission (SEC). Cryptocurrencies, just like Bitcoin and Ethereum, are decentralized digital currencies that allow for peer-to-peer transactions without the need for intermediaries like banks. The blockchain technology that underpins these cryptocurrencies is defined by its system to be a distributed ledger system that enables secure and transparent record-keeping of these transactions.

Of course, the rise of this innovative technology has attracted both supporters and opponents, with the latter group often including government regulators. This is very much understandable as much more is now being done without approval or supervision from these government agencies like banks.

The Decentralized Technology Behind Cryptocurrency

Firstly, One reason for the resilience of the cryptocurrency and blockchain space is the decentralized nature of the technology. Unlike traditional financial systems that rely on centralized authorities, cryptocurrencies operate on a distributed network of computers, making them difficult to control, restrict or shut down. This decentralized system ensures that the transactions remain secure, transparent, and censorship-resistant, even in the face of government opposition.

Now, people can comfortably move millions of dollars without a bank asking questions and restricting the movement of these funds.

Top Institutional Adoptions

Moreover, the cryptocurrency and blockchain industry has become more mature (although it’s still in its early days, as some top Crypto OGs believe), with increased adoption and investment from individuals and institutions alike. Many major companies, such as Tesla and Square, have invested in Bitcoin, while others, such as Visa and PayPal, have integrated cryptocurrencies into their payment systems. These developments and adoptions from top firms indicate that the industry has gained mainstream acceptance, which has increased its resilience to government opposition.

Crypto And Blockchain Space Handling Regulations Well Enough

Furthermore, the cryptocurrency and blockchain space has evolved to address regulatory concerns. For example, developing stablecoins, which are pegged to a stable asset such as the U.S. dollar, provides a more stable alternative to volatile cryptocurrencies. This development has been well-received by regulators, as stablecoins have the potential to reduce market volatility and provide a more reliable means of payment.

Lastly, Another reason for the industry’s resilience is the growing number of jurisdictions that have embraced cryptocurrencies and blockchain technology. Many countries, such as Switzerland and Singapore, have created a favorable regulatory environment that encourages the growth of the industry.

El Salvador became the first country to adopt Bitcoin as its legal tender and has made notable investments in digital assets as well. In Africa, Kenya, Nigeria, South Africa, and Tanzania have also ranked in the top 20 for global crypto adoption. At the same time, The Central African Republic is the first country in Africa to declare Bitcoin as a legal tender. This has resulted in creating cryptocurrency and blockchain hubs that attract entrepreneurs, investors, and talent worldwide.

Final Thoughts

In conclusion, the cryptocurrency and blockchain space has continued to thrive despite opposition from the U.S. government and regulatory agencies. The decentralized nature of the technology, increased mainstream adoption, the evolution of the industry to address regulatory concerns, and the growing number of jurisdictions that have embraced the technology all contribute to this resilience. While regulatory challenges remain, the industry’s resilience indicates that it will continue to evolve and grow in the coming years. Although, there’s still a long way for the industry to go, and all investment processes and precautions should be taken as the space is still very much volatile.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: maxuser/123RF // Image Effects by Colorcinch

Ethereum broke to a new high yesterday after witnessing a steady three-day gain. It retraced today, and now looking for solid support to resume positive actions.

The second best-performing crypto by market cap accumulated for three weeks and broke out briefly to mark a 7-month high at $1,942 yesterday. That price level was later rejected. 

Aside from that, the upper boundary of the channel has also served as a resistance to buying pressure. However, the recent gains suggest that volume is trooping back into the market. Buyers are now positioned as they look for another entry-level. 

This impressive performance brought over a 5% increase in price since the start of the week. Although the price has retraced a bit today, providing a discount for the buyers to take more action. If they take advantage of this buying opportunity, ETH could activate a fresh rally to the August 2022 high. It currently trades at around $1880. 

While this week looks more volatile than the past one, there is a need for a strong buy to sustain momentum. 

It is important to note that Ethereum has managed established firm support above the $1.7k level in the past month. A decline below that level should trigger a deep retracement to the lower boundary of the channel. For now, the bulls appear to be in charge on the micro level.

ETH’s Key Level To Watch

Source: Tradingview

ETH dropped below the $1,883 level today, now marked as resistance. An increase above that level should activate a huge rally to the important $1,948 level and potentially to the last August’s high of $2,030 in the next leg up. The $2,200 resistance is next if those levels flip. 

The closest support to watch for a rebound lies at $1,788, followed by $1,722 and $1,678. The $1,613 level is the next support to keep in mind in case of a crackdown.

Key Resistance Levels: $1,883, $1,948, $2,030

Key Support Levels: $1,788, $1,722, $1,678

Spot Price: $1,866

Trend: Bullish

Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Introduction: Meme cryptocurrencies like Dogecoin, Shiba Inu, and BabyDoge have gained popularity in recent times, with many investors showing interest in them due to their recent developments, especially BabyDoge. On the other hand, Crypto AI projects have been growing in popularity as well, but they are not as historic as memecoins of the 2021/2022 bull run. This article seeks to explore the differences between meme cryptocurrencies and Crypto AI, and their investment advantages.

How Memecoin Has Gained Popularity

Meme coins are simply known as digital currencies that are created based on the internet or cryptocurrency memes. They are often created as a joke, but their popularity has grown to the point where they are being used for actual transactions in actual firms and establishments like Dogecoin and Shiba Inu. Also, Dogecoin, for instance, was created based on a meme and has gained a lot of attention due to its celebrity endorsements from the richest man on earth and Tesla CEO, Elon Musk, and increasing acceptance by merchants across the globe. BabyDoge, on the other hand, is among the more recent meme cryptocurrency that has gained popularity due to its low transaction fees and faster processing time. The team behind the memecoin has also embarked on massive repeated token burning, thereby reducing the total supply over time to cause a price increase.

The Evolution of Crypto Ai Projects

Crypto AI projects, on the other hand, are blockchain projects that use artificial intelligence to create decentralized applications to serve peculiar needs in the Ecosystem and general advancement of the Crypto space. These projects are designed to leverage the benefits of both blockchain and AI technologies, with the aim of improving efficiency, security, and transparency in various industries. Some popular examples of Crypto AI projects include Fetch.ai, SingularityNET, and Ocean Protocol.

Recently, Crypto Ai Projects have gained popularity following the creation and growth of ChatGPT, having many cryptocurrencies that are associated with AI experiencing massive price increases. Popular top celebrities also believe that Ai will be big this year, as Elon Musk has tweeted. It seems the first wave of price on crypto Ai projects has ended, and many investors are taking positions in anticipation of the next wave.

Memecoin And Crypto Ai Projects Investment Advantage

Regarding investment advantages, meme cryptocurrencies tend to be more volatile compared to Crypto AI projects. Meme cryptocurrencies are often driven by hype and celebrity endorsements, which can cause their prices to fluctuate wildly. This can be a double-edged sword for investors since they can make a lot of money if they buy at the right time, but they can also lose a lot of money if they buy at the wrong time.

Crypto Artificial Intelligence projects, on the other hand, tend to be more stable compared to meme cryptocurrencies. These projects are often driven by real-world use cases and partnerships, which can provide a solid foundation for their value. Additionally, the integration of AI into blockchain technology has the potential to revolutionize various industries, which could lead to long-term growth for these projects.

Another advantage of investing in Crypto AI projects is that they tend to have a longer-term investment horizon compared to meme cryptocurrencies. Meme cryptocurrencies are often short-term investments since their value is driven by hype, which can fizzle out quickly as we currently have many memecoins that’s not yet been noticed in the Crypto space. In contrast, Crypto AI projects tend to have more long-term potential since they are often focused on solving real-world problems. However, some Memecoins like BabyDoge are currently adopting real-world digital use cases as the team wants to remain relevant and not just remain a cryptocurrency made out of a joke.

Final Thoughts

In conclusion, both meme cryptocurrencies and Crypto AI projects have their advantages and disadvantages as investment options. Meme cryptocurrencies tend to be more volatile but can offer high returns quickly. On the other hand, Crypto AI projects tend to be more stable and have a longer-term investment horizon. Ultimately, deciding which investment option to choose depends on the investor’s risk tolerance, investment goals, and research. It is crucial to conduct proper research and seek professional advice before investing in any cryptocurrency.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Since Avalanche (AVAX) moved from little-to-no volatility last month, the price remained in a consolidation phase with choppy price action. It attempted a breakout but failed due to rejections.

The mid-March bounce saw AVAX through a decent recovery but failed to extend positive actions beyond the critical $18.3 resistance level as a result of a shrink in volatility. The price fell and held firmly above $17.

While in the middle of the consolidation, AVAX increased by 4% in the last three days to trade back above the $18 psychological level. This mild recovery gave the buyers a little dominance. But the critical resistance level is still posing threat to buying actions.

A notable surge above this resistance level could signal a big price movement toward the August 2022 peak in the near term. Otherwise, the price will remain trapped in the middle of consolidation.

Taking a critical look at the setups, AVAX appeared to be gathering volatility and, at the same time, building up a bullish momentum from a technical standpoint. 

We can expect a massive rally as soon as the price breakout of the structure from a short-term perspective. As of now, the buying volume looks insignificant on a daily scale. A perfect double-bottom pattern is in play.

AVAX’s Key Level To Watch

Source: Tradingview

Acting upon the latest gains in the market, the breakup level to keep an eye on lies on the critical resistance level mentioned earlier. The next resistance level to watch is $19.47 and $21.8 – which serves as the short-term breakup level. The closest resistance level above it lies at $23.7 and $25.

Considering AVAX for a bearish action, the price will have to slip below a weekly support level of $16.9 and potentially $15.56. The March rebound level of $14 remains a key breakdown level for more drawdowns.

Key Resistance Levels: $18.3, $19.47, $21.8

Key Support Levels: $16.9, $15.56, $14

Spot Price: $18

Trend: Neutral

Volatility: Low

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: inueng/123RF // Image Effects by Colorcinch

Simply put, Arbitrum is an optimistic rollups-based layer-two blockchain for Ethereum that processes transactions on its own sidechain and transmits the updated chain state to the Ethereum mainnet. Many projects have recently migrated to Arbitrum Ecosystem, and here’s our pick for April 2023. Arbitrum Ecosystem Tokens have a total market capitalization of $146,240,771,205 and a total trading volume of $29,360,217,091 in the last 24 hours.

Note: This List is sorted by their market capitalization from lowest to highest.

Synapse (SYN)

Price Unit: $0.89

Market Cap: $124,047,939

Distinct Features: To put it plainly, Synapse’s general messaging serves as a framework for global blockchain composability.

Synapse is an interoperability protocol created for transmitting arbitrary data between blockchains in a secure and safe manner. Any arbitrary data can be transmitted between chains in a safe and seamless manner using Synapse’s universal messaging system.

Apps no longer need to be individually distributed across many blockchains; instead, they can be put on a single chain and communicate with other chains to produce the exact same user experience from one central application layer.

Smart contract calls are a part of generic message transmission as well, allowing for simple communication across smart contracts on various chains.

Exchange: SYN is currently trading live on Binance, BTCEX, Deepcoin, BingX, and Bitget.

Gains Network (GNS)

Price Unit: $7.54

Market Cap: $228,336,824

Distinct Features: Gains Network transforms into a DAO under the control of the $GNS token in order to produce fantastic DeFi products that generate income that can be shared across $GNS staking pools.

Gains Network is creating gTrade, a decentralized, robust, and user-friendly platform for leveraged trading. Low trading fees, a variety of leverages, and trading in a wide range of pairs are all made possible by gTrade’s specially created synthetic architecture, which also makes it more capital efficient than any other platform now in use.

The protocol is centered on the ERC20 utility token (GNS) and ERC721 utility token of the ecosystem (NFTs). In order to allow ownership of the protocol through revenue capture & governance, GNS and the NFTs are designed to be actively used inside the platform.

It includes NFT holders receiving a smaller spread and higher rewards, as well as NFT bots executing limit orders and liquidations. It also includes GNS holders receiving platform fees through Single Sided Staking, burning of GNS using platform revenue, and NFT holders getting reduced spread and boosted rewards.

Exchange: GNS is currently trading live on Binance, Deepcoin, BingX, Bybit, and Bitget.

Gnosis (GNO)

Price Unit: $116.02

Market Cap: $300,006,791

Distinct Features: Being a DAO, Gnosis makes decisions about the growth, maintenance, and administration of its ecosystem using the goods it develops in an open and transparent manner.

GnosisDAO creates a decentralized infrastructure for the Ethereum ecosystem. The associated EVM chain for stable transactions is called Gnosis Chain. There are numerous projects and users involved, and it makes use of the xDai token.

The experimentation and creation of decentralized Ethereum ecosystem infrastructure have always been at the core of the Gnosis objective. When Gnosis was established in 2015, its main goal was to create prediction markets that would make accurate information available to everyone.

It was obvious that Gnosis needed to develop the supporting infrastructure as it was developing the prediction market platform. For instance, Gnosis Secure emerged from a need.

Exchange: GNO is currently trading live on Binance, BTCEX, BingX, Bitget, and Bitrue.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Gaming tokens are merely in-game digital currencies that gamers may use to purchase specific products in a gaming system. These tokens are available for purchase in-game and on cryptocurrency exchanges, or you may earn them by performing in-game missions. Gaming/NFTs Marketplace has a total market capitalization of $12,200,692,647 and a total trading volume of $3,285,010,280 in the last 24 hours.

Note: This List is sorted by their market capitalization from lowest to highest

VisionGame (VISION)

Price Unit: $0.004065

Market Cap: $217,912

Distinct Features: Demand and supply have never collided so effortlessly. Users may support the projects they care about using Brand Tokens before committing to particular NFTs, and thanks to VisionOffering, businesses can create the finest games without being constrained by early commitments.

The experience of traditional game publishing is enhanced for the blockchain via VisionGame. Raising the bar one game at a time, a suite of distinctive products, technical, and creative services are offered to support the gaming blockchain sector, which is constantly expanding.

By enabling technological features that typically need specialized teams to implement, Vision.SDK eliminates months of development time by utilizing well-known technologies like Enjin and Solana.

Developers can integrate blockchains more easily using the VisionSDK, and customers can sign up for services more quickly. Users will be able to swiftly and simply test out new games after their first registration thanks to the single sign-on process, which also gives developers access to a user base that is eager to play their game.

Exchange: VISION is currently trading live on Bitget, KuCoin, and Huobi.

Refinable (FINE)

Price Unit: $0.005996

Market Cap:$245,948

Distinct Features: They want to make NFT content accessible to all users, brands, and communities by giving multi-chain flexibility, extremely affordable substitutes, and high-performance solutions.

The decentralized multi-chain NFT exchange called Refinable allows users to trade goods from all around the metaverse.

On Refinable, users can create items with a wide range of creator-friendly options made available on the platform. Users can also discover, explore and find items that spark joy for you on the platform.

To begin using Refinable, you will require a digital or cryptocurrency wallet. You must sign in or connect to our marketplace using your own wallet because Refinable is a non-custodial marketplace, meaning we never take possession of your assets. Here, you can trade with others through their trusted and audited sale contracts. Also, users have the access to use their items beyond just the marketplace and unlock value with their partners as well.

Exchange: FINE is currently trading live on CoinTiger, Gate.io, PancakeSwap (V2), and AscendEX (BitMax).

AirNFTs (AIRT)

Price Unit : $0.003023

Market Cap : $338,562

Distinct Features: In the NFT Launchpad, users can gain access to their partners and the NFT community as well as generate money for their project through (INO).

The NFT marketplace known as Airnfts was developed on the BSC, Fantom, and Polygon platforms and places a strong emphasis on user experience and simplicity of use while creating, purchasing, and selling NFTs.

The AIRT Token, a cryptocurrency used on the platform that gives token holders access to applications, network governance, and additional token rewards, is the foundation of the token economy.

Staking and trading NFTs both allow you to earn AIRT. Use royalties for subsequent sales.

The platform is simple to use, inexpensive, one-click minting, and designed by artists for artists.

Exchange: AIRT is currently trading live on PancakeSwap (V2), Biswap, ApeSwap (BSC), and BabySwap.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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BTC dominance rises to 45.9% following a roughly $50 billion increase in the global market volume. It found a solid level above $27k this week and has shown signs of strength.

A quick recap from last month saw Bitcoin through a massive recovery from $19.6k to a local peak of $29,184 after witnessing a deep correction of the early-year rally. Following a rejection, the price slipped and continued to trend sideways.

This sideways movement has created a lot of suspense over the past weeks, and Bitcoin’s next major direction looks indecisive. However, this week’s bounce above the $27k level has hinted that the bulls are holding strong. 

But as the primary cryptocurrency experienced a series of rejections in the past weeks, the previous monthly resistance might pose another threat to the bulls. Nevertheless, it keeps marking a new high every week. 

It held the May 2022 low level as support in the past month and further reclaimed the $28k level yesterday, with a potential increase towards the crucial $28.8k level. A sudden surge at that level could fuel a big rally for this month.

With a lot of FUD surrounding the crypto market lately, Bitcoin’s price is likely to remain under $30k until it surpasses the $32.4k level – marked as resistance last May. For now, the price is still trapped in a sideways movement.

Bitcoin’s Key Levels To Watch

Source: Tradingview

As Bitcoin accumulates for the next leg up, the closest resistance level for confirmation is $28,886, followed by last month’s peak level. The major resistance level to watch next is $29,912, $31,765 and $32,400.

If the past weeks of accumulation turn out to be a distribution phase, BTC would need to first drop off this week’s lows of $28,000 and $27,200 before rolling over to last month’s low of $26,600. It will retest $25,255 as support if the price breaks lower.

Key Resistance Levels: $28,886, $29,912, $32,400

Key Support Levels: $27,200, $26,600, $25,255

Spot Price: $28,600

Trend: Neutral – Bullish

Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Bitcoin registered huge gains following an increase from $19.6k to $28.8k in two weeks. The moment looks exhausting with a double-top formation. It currently takes a downturn with a big potential sell-off.

The critical $26.6k level, which marked the May 2022 low appeared to have provided support for Bitcoin in the mid-week. It quickly bounced off it but later saw rejection around the $28.8k area for the second time.

This rejection led to about a 5% decline over the past 24 hours, bringing the price to $27.1k at the time of writing. 

Exhaustion in bullish momentum has turned the price weak again. The bears are slowly stepping back as BTC fails to advance higher and suspends a bullish rally for another day. As shown on the 4-hour chart, volatility is increasing due to heavy selling pressure. 

As the price nears the weekly support level, a breakdown will likely activate a big sell-off if supply becomes heavier. Such a scenario will confirm the bearish double-top pattern, formed yesterday.

If the breakdown fails and Bitcoin continues to find support above this critical support level, the price may bounce and maintains a sideways trend for some days before deciding to break or make.

Gauging the price from a technical standpoint, Bitcoin has reached an overbought zone and is likely to enter a consolidation or correction phase – it’s due for a drop.

Bitcoin’s Key Levels To Watch

Source: Tradingview

The price range to watch for a breakdown is $26k, followed by the $25.6k and majorly $25,255 support levels. Other support levels to consider are $24,700 and $24,277.

Should BTC starts to increase above this support, the first level of resistance would be $27.3k and perhaps $28k. Reclaiming these levels will trigger more push to $28,867 before soaring to a new high.

Key Resistance Levels: $27,300, $28,000, $28,867

Key Support Levels: $26,600, $25,255, $24,277

Spot Price: $27,100

Trend: Neutral – Bullish

Volatility: Low

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Avalanche is still on the fall, losing roughly 20% within two months. The price is inching near a two-week low following a slight breakdown from a week consolidation phase. Now looking a bit calm.

The leading DeFi token by market capitalization, Avalanche, maintained a downward slope despite bouncing off the yellow support line earlier this month. A lower low and lower high pattern in play.

Yesterday, the price plunged to a low of $16 after remaining indecisive for over a week. Due to rejection at this low-price level, the price recovered quickly to where it is testing the $16.6 level. This breakdown is likely to increase more chances for upcoming bearish actions.

Adjusting to the 4-hour chart, the increase in volatility indicates that more positions are being added. If the bears continue to step into the market, their footprints are likely to become significant on the daily chart. This could cause a big sell-off to the January bullish break-up level.

But with the current shrink in volatility, which still makes the price indecisive, Avax may continue to slow down bearish actions until volume starts to troop heavily into the market.

As the buyers continued to suffer along, a strong reaction above the $15 level is likely to fuel a fresh positive rally. As it stands now, the bears have a more upper hand over the bulls.

Avax’s Key Level To Watch

Source: Tradingview

While anticipating the next drops, the closest support level to keep in mind is $15.56, followed by the monthly bounce level of $14. The next support to watch out for is the January bullish break-up level of $12 and $11.

The $16.90 resistance still stands as a retest level. If the price climbs further to reclaim the monthly high of $18.3, the next resistance levels for an increase are $19.47 and $21.8 – which marks a breakout level for mid-term bullish.

Key Resistance Levels: $18.3, $19.47, $21.8

Key Support Levels: $15.56, $14, $12

Spot Price: $16.6

Trend: Bearish

Volatility: Low

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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With the frequent volatility of the crypto market, investors are constantly looking for opportunities to gain substantial returns. Recently, the Chainlink (LINK) price prediction and Avorak’s strong indicators for the next bull run have caught the eye of many investors.

What is Chainlink (LINK)?

Chainlink is a decentralized Oracle platform that aims to solve the problem of data reliability in smart contracts by providing a secure, decentralized way to obtain off-chain data sources. The LINK token is the native cryptocurrency of the Chainlink network and is used to pay node operators who provide data feeds to the network.

Chainlink (LINK) price prediction

The Chainlink network has been gaining popularity in the blockchain community, and its partnerships with major crypto projects and companies such as PWC Germany have helped to solidify its position as a leader in the Oracle space. Despite LINK seeing a decline in the last 30 days, with the growing demand for data, the Chainlink price is likely to increase in the near future.

What is Avorak AI (AVRK)?

Avorak AI is a new AI platform built on the blockchain. The project aims to offer a wide range of solutions under one single interactive AI. The AI will use text and voice-to-text input systems to enhance usability. Avorak’s solutions, such as the Avorak Trade bot, have already made impressive impressions in the crypto market. Many crypto enthusiasts such as Crypto Carlos and Crypto Epoch have shown interest in Avorak AI.

Avorak Trade has recently created excitement in the crypto community. The AI trade bot can work on different exchanges, generating large indicators and incorporating services like TradingView for more enhanced visualizations. Additionally, Avorak Trade can alert traders in case of any changes in trends or patterns. And of course, the AI trading bot can make automated trades on behalf of the user and offer predictions on future prices. But, rather than using codes to program these bots, Avorak AI offers users a simple, standard script-programming system for its AI bots.

Avorak AI strong indicators for the next bull run

The Avorak initial coin offering (ICO) event has been a constant success. The ICO recently blazed through phase 2, resulting in a 140% increase in AVRK’s price. AVRK is now selling at $0.145, which is already higher than many other tokens

The Avorak Trade bot recently made predictions in line with many seasoned crypto analysts. This is a strong indicator of the ability and potential of Avorak’s solutions. And has led to more investors and users joining the current phase 3.

Conclusion

Both Chainlink (LINK) and Avorak AI (AVRK) have the potential to offer significant returns on investments. However, AVRK is cheaper than LINK and additionally provides access to AI-based solutions.

Want to learn more about Avorak AI and its ICO?

Website: https://avorak.ai

Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Photo by Possessed Photography on Unsplash

Ethereum continues to show strength after reversing in the past week. The price dropped throughout yesterday but recovered today with a 1.8% jump. It looks to tap more highs in the coming hours.

After bouncing sharply off the $1,371 level on March 10, ETH recovered higher and increased significantly by more than 20%. The price flipped the previous resistance level and surged to a 7-month high of $1,841 yesterday. 

Unfortunately, the price decreased and closed at $1,758. Just a few hours ago, it recovered above the $1.8k level and appeared ready to resume positive actions in the 4-hour timeframe.

It is attempting to close this week on a bullish note but there’s a possibility for a retracement at $1.7k before the price continues to rise. It could even drop near this week’s low of $1,565 before it picks back.

Should the price keep rising without any strong retracement in the coming weeks, Ethereum is expected to move into higher price levels to reclaim the August 2022 resistance.

Now that Bitcoin has recovered to the crucial $28k level today, Ethereum and other top altcoins could see a big rally in the next few days before they retrace lower. It’s important to watch out for this potential retracement in the coming week. Ethereum remains bullish at press time.

ETH’s Key Level To Watch

Source: Tradingview

As Ethereum charges for an increase, the minor resistance to watch out for is $1,883, followed by the $1,948 level. The major resistance to keep an eye on is $2,030, marked as the August 2022 level.

In case of a retracement, the hourly support level to keep in mind for a rebound is the $1,788 level. The key support levels to pay attention to are the previous resistance of $1,722, $1,613 and $1,678 before slipping to the mentioned weekly low.

Key Resistance Levels: $1,883, $1,948, $2,030

Key Support Levels: $1,722, $1,678, $1,613

Spot Price: $1,811

Trend: Bullish

Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Dogelon Mars has joined other meme coins in this week’s recovery, rising by almost 12% in a week. It has formed a bullish pattern and seems ready for a surge in volatility, but the $0.00000039 resistance is suppressing positive actions.

Following last week’s rebound, which led to the current gains across the crypto industry, Elon flipped a three-week resistance line and retested it as support during the mid-week pullback. 

The price bounced off this line and pushed near the temporal weekly resistance level of $0.000000391 level today. The resistance level rejected bullish actions again as the price slipped to $0.000000362 at the moment.

However, there’s hope for a rebound at $0.00000035. The price is likely to flip this crucial resistance as soon as volatility becomes high. We can expect a big price movement after breaking out. If that fails to happen, the price may roll back to where it started to recover last week.

If we consider the recent upswing that formed a higher high and higher low pattern on the 4-hours chart, Elon appears ready for another upside movement after dropping consistently for three weeks.

Moreso, the price may remain sideways for days before initiating a rally. A drop below last week’s rebound level could set another bearish tone for Elon from a short-term perspective. The fifth meme coin by market cap looks weak with a 1% daily loss.

ELON’s Key Levels To Watch

Source: Tradingview

Elon is approaching a key support level at $0.0000003356. If the level fails to produce a rebound, the mid-week drop level of $0.000000333 will be the next support to watch. While the $0.00000030 level is the lower support to watch, it remains a breakdown level.

Above the $0.000000391 resistance level, the higher levels for buy actions are $0.00000043 and $0.00000048. The following level to keep in mind is $0.00000055 in the future.

Key Resistance Levels: $0.000000391, $0.00000043, $0.00000048

Key Support Levels: $0.000000356, $0.000000333, 0.0000003

Spot Price: $0.00000032

Trend: Bullish

Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: inueng/123RF // Image Effects by Colorcinch

After two-week of meltdowns, Bitcoin found solid support and started to show strength. The price has recovered fully over the past days as it resumes trading above $26k.

Bitcoin started to recover last week following a quick bounce from $19.6k, which happened to be its lowest price in two months. It further pushed higher and closed the week well above the important $20k mark level.

This week, it reiterated actions and surged heavily through the crucial resistance line to mark a 9-month high at $26.4k. Unfortunately, the high level was rejected and the price fell slightly below $24k. It bounced back yesterday and resumed the rally.

The primary cryptocurrency is on the verge of breaking the recently marked high to a new one. There’s no doubt that Bitcoin’s levels have changed as it poses to take more highs. The May 2022 lows are the potential levels BTC is likely to head next in the ongoing rally

And even though the current price level suppresses buying pressure again, Bitcoin may pullback a little to refuel bullish to the mentioned potential levels

However, it is noteworthy to say that Bitcoin has completely reversed the trend from a mid-term perspective considering the past week’s 33% gains. More positive actions should be expected in the coming days.

Bitcoin’s Key Levels To Watch

Source: Tradingview

One of the resistance levels to watch is close at $26,689, which marks the May 2022 lowest price. A hidden resistance level of $27.3k is the next area of interest, followed by the psychological $28k resistance level. Above it lies $28.5k.

If Bitcoin’s price drops, the current pullback level lies at $26k on an hourly scale and $22,255 on a daily. A deep pullback could slip the price to $24,277 and $23,463. The 22,300 and $21,550 supports are key levels to keep in mind for a retest.

Key Resistance Levels: $26,689, $27,300, $28,000

Key Support Levels: $25,255, $24,277, $23,463

Spot Price: $26,300

Trend: Bullish

Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: alexan107/123RF // Image Effects by Colorcinch

The bull might return, but one thing is clear. 2023 is the year of AI crypto, and as AI takes over the crypto space, Decentraland and The Sandbox metaverses are deploying AI solutions to automate tasks. Avorak AI’s proposal is a revolution to behold, as it is rolling out a bundled product suite of solutions for blockchains and individual investors.

Decentraland (MANA)

In Decentraland, players can create their plots of land, known as “parcels,” by purchasing them with the platform’s cryptocurrency, MANA. Once they own a parcel of land, they can customize and develop it as they see fit, creating anything from games and interactive experiences to virtual shops and galleries.

The Sandbox (SAND)

The Sandbox metaverse allows users to create, share, and monetize their 3D content, games, and applications. It is built on blockchain technology and uses NFTs to represent virtual assets, such as land, items, and experiences. To start playing The Sandbox, users must acquire the native currency, SAND, to purchase virtual land, assets, and experiences within the game. Users can purchase land directly on The Sandbox website by clicking on available plots on the map and paying with SAND. Alternatively, users can also purchase land on secondary marketplaces, such as OpenSea, using either SAND or ETH. Once users acquire land, they can start building and monetizing by selling items created on the marketplace.

Avorak AI (AVRK)

Avorak AI is a first-to-market crypto platform utilizing blockchain and machine learning technologies to attain simplified solutions. The platform’s bundled offering includes automated trading services, making it an attractive option for cryptocurrency traders. Avorak AI is the first AI-powered solution to integrate with blockchain technology, and its advanced algorithms of AI trade bot analyze market data to provide a competitive edge to traders.

AVRK tokens are priced at $0.105 each in phase 2 of Avorak’s ICO. The AVRK price is expected to increase in subsequent phases toward launch. Avorak AI’s success is evident through a strong community of YouTube crypto enthusiasts like AlienCrypto and CryptoShrek, who actively promote the platform. Furthermore, Twitter sentiments towards Avorak AI is picking momentum as DYOR_100X, and Hailey LUNC share investment insights on the platform.

The Avorak AI Solution: Sandbox and Decentraland AI Integration Benefits

Decentraland and Sandbox are leading metaverses in the digital world and built on the latest blockchain technologies and sharing similar themes. Both platforms allow users to own virtual land through gaming applications using avatars to create games within the virtual world. Integrating Avorak AI solutions into Decentraland and Sandbox could help personalize the user experience by providing recommendations based on the user’s previous interactions and interests. AI can help analyze user behavior and preferences, providing insights into how to improve the platform’s features and functionality.

Avorak AI tools can help creators generate original content automatically, including objects, texts, environments, and characters, allowing for faster and more efficient development. Avorak AI algorithms can help detect and prevent counterfeit transactions or duplicates to ensure a more secure environment for users. By automating tasks, such as moderating content or managing transactions, the efficiency of the platform can increase, thereby reducing costs.

Integrating Avorak AI solutions into Decentraland and Sandbox could open up new possibilities for user experiences, such as more advanced trade bots, chatbots, or intelligent avatars. AI could help avatars to personalize their interactions with users, become better conversationalists, recognize and respond to human emotions, learn and adapt over time, make real-time decisions, and become more interactive.

Conclusion

Integrating Avorak AI could help attract and retain users and ultimately contribute to the long-term success of Decentraland and Sandbox platforms.

Further resourceful reading on Avorak AI here:

Website: https://avorak.ai

Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Photo by Michael Dziedzic on Unsplash

There is a large gap in the market for secure, command-driven trading of cryptocurrencies. More investors are turning to AI-powered tools to help them make more informed investment decisions.  Avorak AI is gaining recognition in the AI crypto space because of the solutions it offers. With its advanced algorithms and deep learning capabilities, Avorak can quickly and accurately analyze large amounts of data to predict price trends of cryptocurrencies like Shiba Inu and Solana. The question, however, remains how exactly Avorak AI can help traders.

Shiba Inu (SHIB)

Shiba Inu (SHIB) was created in 2020 and is based on the Ethereum blockchain. The SHIB token has gained widespread attention from investors, more so recently because of the Beta launch of its native blockchain, Shibarium. This has driven up the SHIB price even further. Shiba Inu has set itself apart from other meme coins with its developments and potential use cases. Shiba Inu is becoming a serious contender in the cryptocurrency market, and its price is likely to continue on this uptrend. This thus offers investors a promising investment opportunity.

Solana (SOL)

Solana is a blockchain platform that enables fast and secure transactions with a keen focus on scalability and decentralization. The platform can process thousands of transactions per second, making it one of the fastest blockchains in the industry. Solana’s unique architecture enables it to handle large volumes of data without sacrificing speed or security. As a result, Solana has gained popularity in the crypto community, driving the Solana (SOL) price up in recent months. Solana has the potential to become a major player in DeFi, resulting in increased demand for SOL and, consequently, an increase in Solana price. This can also be beneficial to traders.

Avorak AI (AVRK)

Avorak is an AI crypto platform on the Binance Smart Chain that aims to streamline human-led tasks by reducing the time required to complete them. Avorak combines AI and blockchain technologies to offer solutions to traders, writers, videographers, graphic designers, and many more occupations. This wide range of solutions has made AVRK a popular token, with reputable crypto analysts such as AlienCrypto and Crypto Bape recommending getting AVRK through Avorak’s ICO.

AVRK is currently selling at $0.105, which indicates a 75% increase in its price. Investors who buy AVRK in the current phase 2 receive a bonus of 9%. AVRK holders will not only have access to Avorak’s AI services but also a chance to get a share of the profits made from these services and many other use cases.

How can Avorak AI help crypto traders?

Avorak’s accurate price predictions for assets such as Shiba Inu or Solana can make trading easier and more profitable for its users. With deep learning algorithms, machines can identify patterns in data sets faster than humans. By analyzing large amounts of data quickly and accurately, Avorak AI can help traders make decisions about what actions to take next, saving them both time and money.

Avorak will approach the trading market with a first-to-market, simple command line input that is programmed with a standard script instead of code. This makes these AI trading bots simpler to use. The bots can also work on different exchanges and multiple assets, which is especially suitable for large-scale traders. The Avorak Trading platform will also include both an automated API and a set of indicators for traders, in addition to linking to services such as TradingView to provide easy visual cues for trend and pattern changes.

Conclusion

Twitter has been flocking with tweets about Avorak and its ICO. This shows the growing interest in the solutions it has to offer and its growth potential. Avorak’s trading tools can help its users trade like pros, earning them more significant rewards with less hassle.

Want to learn more about Avorak AI?

Website: https://avorak.ai

Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Photo by m. on Unsplash

Avalanche’s price decreases significantly in the past hours after retesting last month’s support area as resistance on Tuesday. It encountered a rejection there and rolled over with an 8% loss.

The tussle for dominance between the bulls and bears has caused a quick swing of high and low since the start of the week. Their reactions have triggered a mixed signal and bias for Avax as the next actual direction looks indecisive.

Last week, the cryptocurrency initiated a buy and marked a 7-day high at $18 this week. This high happens to be February’s breakdown area, but due to a sudden rejection, the price fell to minor support of $15.5.

While it hovers around that support for the past few hours, buyers are trying to step back into motion. But their attempts need to be stronger. A notable surge above the weekly high could give them an upper hand. 

A continuous decline, especially below last week’s rebound level, will activate another bearish scenario that could last up to $10 in the coming weeks. However, paying attention to the recent bounce on the long descending trendline is important.

Looking at the setup from a technical perspective, Avax is expected to resume the early-year positive actions in the next few days. For now, it remains bearish from a long-term perspective.

AVAX’s Key Level To Watch

Source: Tradingview

An increase from the current holding support should push the price quickly to $16.9 and $18. On the way up, the next resistance level to remember is $19.47 and potentially $21.8 before breaking out of the structure.

Inversely, a decrease could send the price to last week’s rebound level of $14 before breaking lower. The potential support level to watch is $12.

Key Resistance Levels: $16.9, $19.47, $21.8

Key Support Levels: $15.56, $14, $12

Spot Price: $15.7

Trend: Bearish

Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: inueng/123RF // Image Effects by Colorcinch

Aptos recently found support after witnessing a downward correction for weeks. The price is increasing again as more positive actions could come into play after a pullback.

After rallying by almost 700% to the high of $20.4 in January, APT saw a rejection at that price level and lost momentum for seven weeks before locating support at $9.7. 

This healthy correction gave the buyers many discounts and opportunities for low entry. As shown on the daily chart, they seemed to have acted upon it.

However, the price bounced off that support level and increased to a high of $14.7 yesterday following a strong bullish reaction. It has slipped to $13.5 at press time. This increase led to a push above the descending resistance line that suppressed buying pressure for weeks.

Following yesterday’s rejection, which equally led to the current price drops, the asset is more likely to retest the resistance line as support. As soon as that happens with a double-bottom pattern, a quick buy should be expected to keep the price high.

However, if a retest fails, we can expect the price to keep rising until it finds a strong resistance level for a pullback. And in a case whereby the price plummets the previous low, selling pressure could resurface.

Aptos Key Level To Watch

Source: Tradingview

The retest level for a buy lies at $11.78, with a sublevel at $11. There’s still hope for a recovery even if the price pulls back to last week’s low level of $9.7. A drop off this low would activate another drawdown, which could sink the price to $8, $7, and $5.53.

A continuous price increase could tilt the price up to the $16.7 resistance level and perhaps $20.38 before pulling back. The potential resistance level to watch for a surge is $25.

Key Resistance Levels: $16.7, $20.38, $25

Key Support Levels: $11.78, $9.7, $8

Spot Price: $13.5

Trend: Bullish

Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Cardano appears to have found support on a crucial trendline after past weeks of drops. It must reiterate the latest positive actions for the next few days to signal a bullish reversal.

After a three-week decline, Cardano finally retested the eight-month descending trendline that got flipped in January. It found support above it and bounced to a trading price of $0.336 after the price consolidated for three days.

Although the $0.3 support level looks temporal. The latest recovery is low compared to the losses since mid-February. The bounce from this support appears more like a retest of last week’s crackdown.

But a look at the bullish engulfing candle that formed on the daily chart yesterday indicates that buyers are showing strong interest, as revealed on the candle. They are likely to regain control if they can push higher.

However, it is essential to note that yesterday’s volatility was somewhat high compared to what we saw in the last three weeks. The last time a similar volume surface was in mid-February when the price started to decrease. 

This increase in volume could be a bullish sign, but there’s a need for an increase above the $0.35 level or perhaps a slight pullback before confirming a buy. It currently faces hurdles around last week’s breakdown level.

Cardano’s Key Levels To Watch

Source: Tradingview

Here are resistance levels to pay attention to in case of more recovery. Last week’s breakdown support of $0.345 is currently acting as a resistance level. If ADA reclaims it, other resistance levels to watch are $0.376 and $0.4. It must climb above the $0.42 resistance level to validate a mid-term rally.

The closest level for a pullback lies at $0.325, while the $0.30 level holds as confluence support. If the price falls below them, there is still hope for buyers at $0.27. The last defense line for the bulls lies at $0.24.

Key Resistance Levels: $0.345, $0.376, $0.4

Key Support Levels: $0.325, $0.30, $0.27

Spot Price: $0.336

Trend: Bearish

Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: slavstan/123RF // Image Effects by Colorcinch

Apecoin fell sharply below $3.6 yesterday but recovered quickly above it today. It is looking for a retest while the trend remains bearish.

Earlier this month, Apecoin consolidated around the $5 price level for days and resumed selling pressure following a sudden down surge. This led to a breakdown of the crucial trendline line that served as support in the past months.

The price fell to a weekly low of $3.59, but the bears are currently taking a breath after the drawdown. They are much more likely to resume pressure once the weekly low fails to act as support. 

It has been hovering around the $4 price level following small gains over the past 24 hours. A strong recovery from the current trading level could fuel a retest to around $4.5 and potentially towards the broken support line, now acting as resistance. 

Should the price hold the current weekly low firmly and start to regain momentum in the coming weeks, we can expect a bullish reverse pattern to come into play for the leading metaverse coin. 

Ape is still following a bearish sentiment from a long-term perspective and remains down by 30% in the last 180 days of trading. If it extends bearishness to $, where it saw a decent recovery in late 2022, a breakdown from there will cause a heavy loss.

APE’s Key Levels To Watch

Source: Tradingview

Losing this week’s low should activate a bearish continuation toward the $3.26 and $2.86 support levels. The support level to consider next is $2.6 before finding new support, around $2.

Considering a strong recovery from the current trading level, Ape is likely to face psychological resistance at $4.2 before rising further to $4.49. The following resistance level to keep in mind is $4.77.

Key Resistance Levels: $4.2, $4.49, $4.77

Key Support Levels: $3.59, $3.26, $2.86

Spot Price: $4

Trend: Bearish

Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: inueng/123RF // Image Effects by Colorcinch

The price of Polygon‘s Matic token has continued to remain in a broadening wedge despite the ongoing decline. It currently trades near the wedge’s lower boundary, where a potential buyback could take place.

Following sell actions from the upper boundary of the wedge, Matic has shed a lot of losses in the past weeks as the pressure seems to be reaching an exhaustion point.

This week, it extended bearish actions as the price almost reaches the lower boundary of the wedge forming since last June. The $1.17 and $1.06 levels that serve as potential supports during last week’s surge have now turned resistance. 

Apart from that, it just lost a key psychological level of $1 a few hours ago. The price looks extremely weak on the chart but recovery is possible if the wedge’s lower boundary provides dynamic support.

Should the above boundary fail to suppress selling pressure, a surge below it will cause more pain and at the same time validate a mid-term bearish, which could last to $0.6 and perhaps $0.4 before regaining momentum.

But looking at the setups from a technical standpoint, the current market behavior does not appear to extend actions below the wedge. It is much more likely to be respected with a strong bounce.

Matic’s Key Levels To Watch

Source: Tradingview

The crucial support level to watch for a rebound is $0.93, which is well-sited on the lower boundary. A steep fall at this confluence support should roll the price $0.87 and potentially $0.82 in the future. Other support levels to keep an eye on are $0.75 and $0.69.

A significant recovery above the $1 level should fuel an increase to the recently mentioned breakdown levels. The resistance levels above lie at $1.26 and $1.35 before recovering fully back to $1.47 and $1.57, where it started to fall on February 18.

Key Resistance Levels: $1.06, $1.17, $1.26

Key Support Levels: $0.93. 0.87, $0.82

Spot Price: $0.98

Trend: Bearish

Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: fellowneko/123RF // Image Effects by Colorcinch