Technically Speaking – July 22, 2022

Price Levels To Watch This Weekend For Polkadot And Basic Attention Token

Polkadot ($DOT.X)

Bulls show some difficulty moving above the $8.00 value area. However, if bulls close DOT at or above $8.00, analysts suggest a fast move higher through a gap in the volume profile may occur before finding resistance at the next high volume node and psychologically important $10.00 value area. 

Basic Attention Token ($BAT.X)

The very thin red horizontal line in the volume profile is known as the Volume Point Of Control (VPOC). The VPOC represents the price level where the most buying and selling has occurred and is interpreted by analysts as one of the most important support/resistance levels on a chart. 

BAT is trading slightly above the VPOC but inside a high volume node (the long horizontal blob of yellow). Analysts are watching for any daily close below $0.34 because there is no volume profile support below that price level, indicating a fast move lower may occur. 

Conversely, analysts are watching for any daily close above $0.45. The volume profile is extremely thin above $0.45. Analysts interpret large gaps in the volume profile as areas of easy movement. 

When price moves above or below a high volume node into a gap, it gets sucked towards the next high volume node like a vacuum. For Basic Attention Token, analysts warn that BAT could spike towards the $0.55 to $0.60 value area. 🪙

More in   Crypto

View All

Tron (TRON) Flips Solana (SOL)

Solana ($SOL.X) is no longer a Top 10 market cap cryptocurrency – let that soak in for a minute. Instead, the once-touted Ethereum-killer Solana struggles to hold onto the $12 value area. At its peak, Solana was trading near $265. 

Solana’s position in the Top 10 was taken by Tron ($TRX.X). This is not surprising, considering how Solana and Tron have traded this year.

Read It

Top 10 Market Cap Staking Yields – November 18, 2022

The table below is the current (November 11, 2022) staking yield rates of the top ten cryptocurrencies by their market cap. Not all cryptocurrencies have a staking mechanism on their networks, so, for example, you don’t see Bitcoin ($BTC.X) listed. 

Staked % is what percent of the total supply of that cryptocurrency is currently used to earn staking rewards. Sometimes called ‘Locked Up.’

Read It

Crypto.com Caught In The Crossfire

My bad. Didn’t check. My fault. Oops. That’s on me. Sorry about that. Darn. 

Ever sent your crypto to the wrong address? It sucks. But you probably haven’t made a mistake worth $400 million. 

Read It