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Cardano (ADA) 📊 ADA consolidates before establishing a clear trend. Cardano price shows the exhaustion of bullish momentum that is resulting in sideways movement. As ADA price tries to establish a clear trend, a minor retracement to the immediate demand barrier ranging from $1.19 to $1.25 seems likely.

Stellar (XLM) 📊 Stellar sets up swing high but fails to turn bullish. XLM price surged nearly 13% from the previous swing low to set up a higher high at $0.547. The recently formed swing high failed to break above crucial resistance levels at $0.551 and $0.566, signaling weak buying pressure. A 10% pullback to the immediate support barrier at $0.4729 seems likely.

Litecoin (LTC) 📊 *PART 3* Furthermore, the 30-day MVRV model, which tracks the profit/loss of the LTC investors who purchased LTC over the past month, shows that it is approaching a local top at 13%. At the moment, this metric reveals that about 10% of market participants are in profit. However, the last three times, the MVRV approaches 13%, LTC suffered a pullback. Therefore, a similar turn of events could see LTC correct to the immediate demand barrier. While the technicals and on-chain metrics are both portraying a rejection, a potential spike in buying pressure that pushes Litecoin price to produce a decisive close above $317 will invalidate the bearish outlook. Additionally, this would flip the underwater investors into profit and signal a continuation of bullish momentum to local highs at $335.69. A further pile-up of bid orders could see this cryptocurrency climb to $400 and tap the upper trend line of the ascending parallel channel.

Litecoin (LTC) 📊 *PART 2* Supporting a rejection at the aforementioned resistance zone is IntoTheBlock’s Global In/Out of the Money (GIOM) model, which shows a cluster of underwater investors at $310. Here, roughly 94,500 addresses that purchased 845,000 LTC are “Out of the Money.” Therefore, Litecoin price could face additional sell pressure from investors who might want to break even.

Litecoin (LTC) 📊 *PART 1* Litecoin price is approaching a critical level that could decide its trend for the foreseeable future. Litecoin price to run into blockade. On the 1-day chart, Litecoin price is traversing in an ascending parallel channel, which is obtained by connecting the trend lines to the multiple higher highs and higher lows set up since January 2021. So far, the entire bull run for LTC seems to be encapsulated in this technical formation as it heads toward the upper trend line. However, a 6-hour supply zone that extends from $296 to $317 stands in its way. A rejection at this resistance barrier could send LTC in a 15% downswing to $247. Since the ascending parallel channel’s lower trend line is present above the demand zone, a bounce could trigger beforehand.

Ethereum co-founder Vitalik Buterin now holds over $1 billion worth of ETH in his main address, which he disclosed back in October 2018. The 27-year-old visionary also owns some other tokens. Buterin has some other undisclosed addresses on top of this main one, but he claimed that they were "quite small." Nevertheless, his official wallet already makes him the second-youngest self-made billionaire (behind only Luminar Technologies CEO Austin Russell). Russell replaced makeup mogul Kylie Jenner after she was removed by Forbes last year because of her family’s riches.

Polkadot (DOT) 📊 DOT price slows down. Polkadot price has recouped nearly 50% of its losses after the market crash between April 17 and April 23. While an upswing seems likely, investors should note that the resistance level at $38.70 will hinder any bullish momentum. If this barrier is cleared, the supply zone, extending from $42 to $44.06, will be the next point of contention. The Momentum Reversal Indicator’s preemptive top signal in the form of a yellow arrow on the current 12-hour candlestick adds to this bearish picture. Additionally, the 50 and 100 twelve-hour Simple Moving Averages (SMA) at $37.05 will play a pivotal role. A decisive close below the SMAs or rejection at any of these levels will lead to correction toward the demand barrier that stretches from $32.56 to $34.25. While this scenario isn’t bullish per se, it will allow the buyers to recuperate for the next leg. However, a breakdown of the 200 SMA at $32.58 will invoke a massive bearish outlook that could push Polkadot price to $27.95

Thoughts?

Polygon (MATIC) 📊 On the 12-hour chart, MATIC price is beginning to retrace after setting up two higher highs. The current sell-off seems to be due to investors booking profits after Polygon witnessed a 174% bull rally in under a week. The 200% and 161.8% Fibonacci extension levels at $0.734 and $0.617 could serve as support barriers. However, a breakdown of $0.734 would create a lower low, signaling the start of a retracement. Although unlikely, if this profit-booking phenomenon snowballs, the demand zone extending from $0.557 to $0.483 will be the last line of defense for MATIC price. A dip into this area will allow investors whose orders weren’t filed during the first leg to ride the next wave. Hence, investors should keep an eye for a roughly 26% retracement before Polygon price begins to rally to set up new highs at $0.971, coinciding with the 261.8% Fibonacci extension level.

Aave (AAVE) 📊 AAVE has printed an inverse head and shoulders pattern on the daily chart. This chart has broke the neckline of $428. If AAVE cannot continue to hold his neckline, price is in danger of falling to the 100MA. If this level fails to hold, the support range can relied upon to produce a bounce. While looking at the RSI, we can conclude the strength was stuck under a resistance line of around 62. The strength managed to break this key level and is attempting to hold it. This is a bullish signal for the AAVE price. The Stochastic RSI has risen to overbought levels, as long as this strength stays above the overbought line, AAVE is in a good bullish state for a try at ATH. AAVE intraday levels: • Spot rate: $500 • Trend: Bullish • Volatility: High • Support: $466 • Resistance: $523

Xrp (XRP) 📊 On the 4-hour chart, XRP price shows that it has risen to pre-crash levels. Ripple is trading at $1.61, indicating its intention of retracing lower after its recent upswing. The retracement could range from $1.52, a 6% decline from the current price, to $1.42, which denotes a much steeper correction of 11%. Hence, investors need to pay close attention to this area of interest. Such a pullback would allow the buyers to accumulate the remittance token at a discount for the next leg, which could extend up to $2. While the 22% upswing to $2 from the current price is plausible, market participants need to be aware of the supply barrier at $1.76, which could deter this upswing or halt it. On the flip side, if the pullback extends beyond the 50% Fibonacci retracement level at $1.31, it would invalidate the bullish thesis. In such a condition, the comeback for bulls would be arduous and might result in an 11% correction to $1.16.

Chainlink (LINK) 📊 *PART2* If the sellers overwhelm the bullish momentum around the 50% Fibonacci retracement level at $37.28, leading to a breakdown, Chainlink price could slide 7% to the immediate support barrier at $34.95. This pullback still doesn’t dent the bullish thesis, but if the demand level at $37.28 gives in, then the optimistic scenario will face invalidation. Such a move could cause LINK to retest the 200 4-hour SMA at $34.2 or the local bottom at $32.61

Chainlink (LINK) 📊 *PART1* On the 4-hour chart, Chainlink price has been on creating lower lows since hitting an all-time high of $44.37 on April 15. LINK formed the third consecutive swing high at the time of writing as it broke above the 50% Fibonacci retracement level at $37.28. This steady shift above suggests a possibility that Chainlink price might sweep the swing high at $41.96. If the bullish momentum persists above this level, LINK could easily hit the subsequent level at $43.43. Unless investors begin to book profits here, Chainlink price could surge an additional 2% to retest its all-time high at $44.37. While the above is a straightforward scenario, the chances of it occuring are less likely. The pragmatic outcome would be for LINK to retest $37.28, which will allow the buyers to recuperate and propel Chainlink price by 15%.

Algorand (ALGO) 📊 Bitcoin’s plummet below $60k had an adverse effect on Algorand’s price and the altcoin saw a massive drop of nearly 50% from $1.79. A single candlewick even dropped as low as $0.95, but steady buying was noted in the ALGO market from this point. In fact, the past week has been quite bullish and the cryptocurrency posted gains of over 20%, making higher lows in the process. The next target lay at the $1.50-mark, but bulls would first have to overcome some resistance at $1.45. A bearish crossover in the MACD would complicate matters for the bulls in their attempt to push ALGO north. On the plus side, the Chaikin Money Flow avoided a move below the half-mark as capital inflows outmatched outflows. The capital inflows could prevent a breakdown from the $1.24-support.

Waves (WAVES) 📊 High volatility over the past week led to sharp gains in the Waves market. On the 4-hour charts, a bullish flag breakout led to a jump of over 20% from the upper trendline as WAVES rose north of $23. However, the last few sessions saw a rising channel and a minor pullback could be forthcoming before the next upswing. The Awesome Oscillator showed a bearish twin peak setup and the price could dip towards the $21.6-support. Overall, the AO would likely remain above the half-line considering a bullish broader market. The MACD was also in a favor of a minor pullback after the index closed in on a bearish crossover.

Litecoin (LTC) 📊 A descending channel was observed on Litecoin’s 4-hour timeframe after forming lower highs and lower lows from a local top of $335. A breakout from this pattern helped LTC recapture the zone above $260, but there lay some resistance around the $275-mark. According to the Stochastic RSI, the press time price level was in overbought territory and a minor pullback can be expected from the upper ceiling. This could take place around the $260-level, a region that coincides with the 50-SMA (red). However, the Awesome Oscillator noted momentum on the bullish side and this could drive the price towards $300 over the coming days.

BitTorrent Token (BTT) 📊 The Bollinger Bands on BitTorrent Token’s charts were constricted as volatility remained low in the market. On the 4-hour charts, BTT traded within a tight channel of $0.0078 and $0.0065, but higher lows were observed over the past week and suggested that the bulls were preparing for an incoming price swing. Before this occurs, the accumulation could carry on for a few more days as market conditions did not reflect a breakout just yet. An ADX reading of 18 showed the lack of a trend at the press time price level. The index maintained its southbound trajectory as neither side had a grip on the market. Once the upswing does take place, bullish targets can be found at $0.0097 and $0.0108.

VeChain (VET) 📊 VeChain’s 4-hour chart was a spectacle for bullish traders. After VET’s most recent rally pushed the price towards $0.27, lower highs and higher lows gave rise to a symmetrical triangle. This pattern usually sees a breakout to the upside and with Bitcoin closing in on $60k, the expectation was for a favorable scenario. A move above the stiff resistance level of $0.20 could help VET take off on the charts and a rise above $0.22 could see gains all the way up to $0.25. The Squeeze Momentum Indicator made its way towards the half-line and the first green bar might present a buy signal. The Chaikin Money Flow stayed above equilibrium as capital inflows outweighed outflows.