So far, the bulls have held the fort against the bears, and have even managed to push the total crypto market cap upwards by another 0.23% from $1.41 trillion yesterday, to $1.42 trillion.
According to the crypto market heatmap though, the bears appear to literally be giving the bulls a "run for their money".
For some reason though, the amount that traders have lost to liquidations over the last day has spiked from about $70 million yesterday, to $117 million.
So far the amount of liquidations on Ethereum and Bitcoin and Ethereum take the cake, with the bears suffering the most loss on both.
Bitcoin’s Squeeze Continues
Bitcoin continues to trend back and forth between a minor ascending trendline on its daily chart, and the $38,000 zone.
This, of course, has formed an ascending triangle on Bicoin’s daily chart. It also means that the Bitcoin bulls continue to buy Bitcoin back at higher and higher prices, every time the bears cause a price rejection from $38,000.
Before long, there bulls and bears will run out of space within this triangle and will be forced to let Bitcoin breakout/breakdown in either direction. This direction is likely to be $38,000.
Ethereum’s Bulls Advance
Ethereum's bulls are advancing closer each day, towards the $2,150 zone.
Over the last day, the cryptocurrency advanced by more than 1% but was rejected again at around $2,066.
Today, however, the bulls have wasted no time in pushing Ethereum further up to $2012 where it now sits. With an extra 7% increase, we can see Ethereum retest and break past $2,150 once again.
Worldcoin (WLD) Is About To Explode
Worldcoin has been bullish over the last few months and has even been trading inside an ascending trendline ever since.
Over the last three days, the bulls have launched several attacks on the upper trendline of this formation. This indicates that they are looking for an opening, and will waste no time in initiating a breakout as soon as they find one.
Worldcoin is currently up by about 1.57%, at around $2.38 per token. And before long, we might see a $3 WLD or higher.
What’s Up With Binance Coin (BNB)?
For some reason, Binance Coin (BNB) is up by about 5.37% and is trading at $2.58% over the last day. BNB is also the #1 hottest cryptocurrency on Binance (predictably, but for good reason).
However, the cryptocurrency is at a serious turning point. In the charts, we can see that BNB’s +5% rally only brought it into a retest of the $2.59 resistance.
This opens up a huge door of opportunity for traders willing to take the risk and go long on BNB.
If the cryptocurrency breaks through $259, we are likely to see a 40% rally that takes BNB straight up to about $340.
Smooth Love Potion…
Smooth love potion, or $SLP is a token from the Axie Infinity gaming ecosystem. And over the last day, we have recorded a 17% price rally on the cryptocurrency.
It turns out that SLP broke through $0.002 in late October, and promptly declined for a retest of this zone. SLP’s 17% price rally over the last day is the rebound move that comes after the retest, and SLP will need to break past $0.002976 to fully confirm this rebound.
