Cryptocurrency News and Analysis

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·@esthar·
0.000 HBD
Cryptocurrency News and Analysis
![img_0.46814424427378576.jpg](https://images.ecency.com/DQmWYitAQcpFV58kRT8zPGdnGBF1q1HauNMUxZ9LnN71Qk7/img_0.46814424427378576.jpg)

Top 20 coins distance from their all-time high price. Solana (SOL) is the best performer with only 50% dump and internet protocol (ICP) is worst perfomer with 92% down from All-Time High.


![img_0.5902981009040962.jpg](https://images.ecency.com/DQmeimMLb2G9FjQPVbwqtFpEs1cRWXqtLKgnjQjptYtfVf3/img_0.5902981009040962.jpg)

Bank of America entered the Bitcoin futures trading game. Big banks joining the Bitcoin futures trading race. Good for cryptocurrency market as it brings new investors and trust.


![img_0.29553523333062015.jpg](https://images.ecency.com/DQmNikh8cktXJcAoPWtZY2x62zUVW6YoYYXvkMdRPbttHas/img_0.29553523333062015.jpg)

Bitcoin is trading in the range of $30,000 - $40,000 with huge wicks on both sides. Bitcoin is in the range for almost two months. The lower point of the trading range is $30,000-$31,000. The midpoint of the range is $35,000-$36,000 and the upper point of the range is $40,000-$41,000. A daily candle closes below $31,000 is bearish and will bring more dump. BTC needs to break and hold above $36,000 to turn bullish and go towards the upper band of the range.


![img_0.4952942613200685.jpg](https://images.ecency.com/DQmTqAVaTEyfWPRZ6uwxFfDndjxWb7BpjkqZyppStZZoPeR/img_0.4952942613200685.jpg)

HNT is now at the support zone and the wicks below it shows stop loss hunting. HNT bounced from this support and we expecting a good bounce again. The resistance is $11.8 and $13.4 area. 

Buy Zone: $10.3 - $10.4

Target: $11.4 - $11.8 - $12.7 - $13.4 - $14.7 - $15.8 - $17.2 - $19.4 - $22.5


![img_0.8601549915373367.jpg](https://images.ecency.com/DQmev9EK6FA7kuKW8zfyVNd98MKUwfmNCLGjR4MpcLHTVB8/img_0.8601549915373367.jpg)

LINK analysis: 

LINK is now trading above the major support zone of $15. LINK needs to hold above the support zone. There is a descending triangle pattern also which is known as a bearish pattern and usually breaks in the downward direction. You can open a long near $15 support zone with a tight stop loss. The resistance, for now, is $16.8 - $17.1 area.


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