Crypto market in shambles as BTC consolidates
Bitcoin price is moving sideways, trapped between crucial weekly moving averages. This consolidation has had a positive knock-on effect on Ethereum price which is setting up a bullish pattern ready for a breakout. Ripple, on the other hand, has already embarked on a climb and is preparing for its second leg-up.
BTC/USD 1-day chart
Terra's LUNA bound for profit-taking after hitting new all-time highs
Terra price embarked on a massive uptrend on December 13 that pushed it to new highs. While this ascent was impressive, the uptrend will likely see a reversal as market participants book profits. This development will likely push LUNA lower to stable support levels.
LUNA/USDT 4-hour chart
Polkadot price fails to recover after five parachains auctions
Polkadot price has failed to recover from a drop below $30. The network is the first heterogenous sharded blockchain to launch five blockchains in its ecosystem.
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