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Kraken Daily Market Report for May 29 2021

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Overview


  • Total spot trading volume at $1.64 billion, down from the from the 30-day average of $3.34 billion.
  • Total futures notional at $466.5 million.
  • The top five traded coins were, respectively, Bitcoin(-3.0%), Ethereum (-5.6%), Tether (0%), Cardano (-7.2%), and USDC (0%).
  • Most coins were negative for two straight days, except for Curve Dao (+8.5%), Kusama (+2.8%), and Filecoin (+2.2%).

May 29, 2021 
 $1.64B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
BTC 
$34616. 
↓3.0% 
$522.1M
ETH 
$2278.4 
↓5.6% 
$439.0M
USDT 
$1.0007 
↑0.02% 
$218.6M
ADA 
$1.4038 
↓7.2% 
$97.7M
USDC 
$0.9999 
↓0.01% 
$61.7M
XRP 
$0.8317 
↓7.5% 
$51.1M
DOT 
$19.855 
↓7.1% 
$47.9M
DOGE 
$0.3030 
↓2.6% 
$37.6M
LINK 
$25.373 
↓8.9% 
$34.4M
LTC 
$163.84 
↓7.7% 
$31.4M
BCH 
$652.11 
↓5.3% 
$24.2M
XMR 
$242.87 
↓7.5% 
$20.7M
ATOM 
$12.088 
↓4.9% 
$15.2M
KSM 
$297.64 
↑2.8% 
$12.4M
UNI 
$23.170 
↓11% 
$11.4M
AAVE 
$298.03 
↓6.6% 
$11.0M
MATIC 
$1.6986 
↓7.9% 
$9.43M
EOS 
$6.0234 
↓1.5% 
$9.23M
SC 
$0.0162 
↓2.9% 
$9.0M
XLM 
$0.3674 
↓7.9% 
$8.74M
ZEC 
$149.22 
↓9.4% 
$6.95M
XTZ 
$3.1958 
↓5.8% 
$5.89M
FLOW 
$13.373 
↑0.7% 
$5.37M
DAI 
$1.0008 
↓0.03% 
$5.19M
YFI 
$39126. 
↓5.0% 
$5.09M
DASH 
$177.08 
↓3.3% 
$4.94M
FIL 
$68.223 
↑2.2% 
$4.46M
ETC 
$64.236 
↓5.8% 
$4.45M
ALGO 
$0.8310 
↓7.7% 
$3.67M
NANO 
$6.6378 
↓5.4% 
$3.43M
BAT 
$0.6809 
↓9.3% 
$3.3M
OMG 
$5.8480 
↓6.4% 
$3.15M
GRT 
$0.6263 
↓4.4% 
$3.08M
CRV 
$1.74 
↑8.5% 
$2.61M
TRX 
$0.0688 
↓4.4% 
$2.52M
QTUM 
$11.257 
↓8.5% 
$2.31M
BAL 
$27.04 
↓4.1% 
$2.13M
MANA 
$0.7445 
↓8.9% 
$2.07M
WAVES 
$13.117 
↓6.3% 
$2.01M
OXT 
$0.3719 
↓6.6% 
$1.86M
ANT 
$3.9882 
↓3.9% 
$1.67M
PAXG 
$1927.5 
↑0.5% 
$1.6M
ICX 
$1.0287 
↓4.8% 
$1.55M
KAVA 
$3.1479 
↓4.4% 
$1.24M
MKR 
$3067.8 
↓8.2% 
$1.14M
STORJ 
$1.0089 
↓5.6% 
$1.12M
OCEAN 
$0.5429 
↓9.6% 
$910K
SNX 
$11.035 
↓8.1% 
$906K
COMP 
$354.31 
↓6.0% 
$887K
LPT 
$22.96 
↓16% 
$843K
ENJ 
$1.3215 
↓8.2% 
$647K
LSK 
$3.28 
↓7.3% 
$566K
KNC 
$1.5318 
↓5.3% 
$477K
MLN 
$66.668 
↓7.7% 
$400K
GNO 
$160.81 
↓5.1% 
$383K
EWT 
$8.164 
↓4.6% 
$317K
RARI 
$9.03 
↓17% 
$295K
KEEP 
$0.2493 
↓7.8% 
$274K
SUSHI 
$10.13 
↓9.1% 
$258K
REP 
$27.456 
↓3.7% 
$242K
REN 
$0.4515 
↓14% 
$232K
ZRX 
$0.8959 
↓11% 
$167K
REPV2 
$22.625 
↓6.8% 
$146K
SAND 
$0.3076 
↓8.2% 
$90.6K
ANKR 
$0.0939 
↓6.3% 
$49.9K
TBTC 
$34439. 
↓6.0% 
$27.9K
BNT 
$3.992 
↓12% 
$16.7K
GHST 
$1.0500 
↓9.4% 
$15.4K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (May 29 2021)



Figure 2: Mid-size trading assets: (measured in USD) (May 29 2021)


###########. Daily Returns. #################################################

Daily Returns %


Figure 3: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (May 29 2021)


###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

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Source: https://blog.kraken.com/post/9349/kraken-daily-market-report-for-may-29-2021/

Blockchain

MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

Rate this post MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA. Past Performance On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76. https://www.tradingview.com/x/UKThRKwE/ MIOTA Technical Analysis At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal. The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token. The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength. Day-Ahead and Tomorrow  As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46. On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

The post MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily appeared first on Cryptoknowmics-Crypto News and Media Platform.

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MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA.

Past Performance

On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76.

TradingView Chart

MIOTA Technical Analysis

At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal.

The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token.

The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength.

Day-Ahead and Tomorrow 

As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46.

On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

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Source: https://www.cryptoknowmics.com/news/miota-technical-analysis-trading-above-the-support-level-of-1-41-tested-the-level-twice-daily/

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Blockchain

SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run

SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run

Rate this post According to Sia’s whitepaper, its long-term goal is to compete against existing storage solutions. It considers itself to be in direct competition with cloud storage providers like Amazon, Google, and Microsoft. Sia (SC) can offer storage rates competitively because of its decentralized nature. Files on the Sia network can be divided into 30 encrypted segments. Each segment is uploaded to a different host for redundancy. Smart contracts are used to enforce agreements between hosts and uploaders. Siacoin is the payment method on the network. Renters pay hosts using SC, and hosts lock SC in smart contracts to secure it. Skynet, the company behind Siacoin and Siastream, has announced a number of products that are built on top of Sia’s network. These include SiaStream, a cloud-based media streaming app, and the Skynet network, its flagship content delivery network and file-sharing network. The company has received grants and funding from Paradigm, Bain Capital Ventures, and INBlockchain in several rounds. Each storage-related transaction on Sianet is subject to a 3.9% charge. This fee is paid to Siafund holders — Skynet owns approximately 85%. Past Performance of SC SC coin price faces rejection from a crucial resistance level of $0.025. This projects the possibility of a downtrend if the price fails to sustain above the $0.013 support level. On September 06, 2021, Siacoin opened at $0.024. On September 12, 2021, the price closed at $0.019. Thus, in the past week, the Siacoin price fell by approximately 22.50%. Source – Tradingview SC Technical Analysis At the time of writing, the SC coin price is trading at $0.01806 with a decline of 4.36% in the past 24 hours. The growth in underlying bearishness projects the increased possibility of a downfall. Source – Tradingview The recent rejection from the $0.025 resistance results in the formation of the bearish engulfing candlestick. This may briefly cause a downfall with a follow-through. In the daily chart, the SC token price consolidates below the $0.020 level that may soon give a decisive breakout. However, in the case of a bearish turn, the solid support level of $0.0080 might be able to reverse the trend. As the support level has been able to reverse the bearish attack twice in the last 3 months. As per the price action, the coin price may find resistance near $0.025 and $0.030. And the support levels are at $0.010 and $0.0080. The exponential moving averages of 50, 100, and 200-days move sideways as the price consolidates below the 50-day EMA and close to the 100-day EMA. The 200-day EMA might be able to provide the push to increase the bullish pressure. Currently, the RSI indicator is resting at 46% as it projects a draw between bullish and bearish powers. The slope of RSI is moving sideways within the neutral zone. The breakout of RSI from the range of 50%-43% may decide the future trend. Day-Ahead and Tomorrow As per Siacoin cryptocurrency’s technical analysis, the trend is bearish but may soon find demand near the crucial support levels that are in close proximity. Moreover, the ongoing accumulation phase may give a bullish breakout. Hence, investors might want to wait till a decisive trend is in action.

The post SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run appeared first on Cryptoknowmics-Crypto News and Media Platform.

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According to Sia’s whitepaper, its long-term goal is to compete against existing storage solutions. It considers itself to be in direct competition with cloud storage providers like Amazon, Google, and Microsoft. Sia (SC) can offer storage rates competitively because of its decentralized nature.

Files on the Sia network can be divided into 30 encrypted segments. Each segment is uploaded to a different host for redundancy. Smart contracts are used to enforce agreements between hosts and uploaders. Siacoin is the payment method on the network. Renters pay hosts using SC, and hosts lock SC in smart contracts to secure it.

Skynet, the company behind Siacoin and Siastream, has announced a number of products that are built on top of Sia’s network. These include SiaStream, a cloud-based media streaming app, and the Skynet network, its flagship content delivery network and file-sharing network.

The company has received grants and funding from Paradigm, Bain Capital Ventures, and INBlockchain in several rounds. Each storage-related transaction on Sianet is subject to a 3.9% charge. This fee is paid to Siafund holders — Skynet owns approximately 85%.

Past Performance of SC

SC coin price faces rejection from a crucial resistance level of $0.025. This projects the possibility of a downtrend if the price fails to sustain above the $0.013 support level.

On September 06, 2021, Siacoin opened at $0.024. On September 12, 2021, the price closed at $0.019. Thus, in the past week, the Siacoin price fell by approximately 22.50%.

SC Technical Analysis

At the time of writing, the SC coin price is trading at $0.01806 with a decline of 4.36% in the past 24 hours. The growth in underlying bearishness projects the increased possibility of a downfall.

The recent rejection from the $0.025 resistance results in the formation of the bearish engulfing candlestick. This may briefly cause a downfall with a follow-through.

In the daily chart, the SC token price consolidates below the $0.020 level that may soon give a decisive breakout. However, in the case of a bearish turn, the solid support level of $0.0080 might be able to reverse the trend. As the support level has been able to reverse the bearish attack twice in the last 3 months.

As per the price action, the coin price may find resistance near $0.025 and $0.030. And the support levels are at $0.010 and $0.0080.

The exponential moving averages of 50, 100, and 200-days move sideways as the price consolidates below the 50-day EMA and close to the 100-day EMA. The 200-day EMA might be able to provide the push to increase the bullish pressure.

Currently, the RSI indicator is resting at 46% as it projects a draw between bullish and bearish powers. The slope of RSI is moving sideways within the neutral zone. The breakout of RSI from the range of 50%-43% may decide the future trend.

Day-Ahead and Tomorrow

As per Siacoin cryptocurrency’s technical analysis, the trend is bearish but may soon find demand near the crucial support levels that are in close proximity. Moreover, the ongoing accumulation phase may give a bullish breakout. Hence, investors might want to wait till a decisive trend is in action.

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Source: https://www.cryptoknowmics.com/news/sc-technical-analysis-hold-through-the-fall-for-upcoming-bull-run/

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Blockchain

AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level

AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level

Rate this post Avalanche is an open-source platform for decentralized applications and enterprise blockchain deployments in a highly scalable, interoperable ecosystem. It enables the participation of millions of independent blockchain validators as full block producers through the entire Ethereum development toolkit and confirms transactions in under one second. With over 1,000 nodes, the testnet broke the world record for most active nodes. Let us look at the technical analysis of AVAX. Past Performance On September 11, 2021, AVAX opened at $49.48. On September 17, 2021, AVAX closed at $69.93. Thus, in the past week, the AVAX price has increased by approximately 40.39%. In the last 24 hours, AVAX has traded between $60.92-$74.16. https://www.tradingview.com/x/Vj8ZU6nE/ AVAX Technical Analysis At the time of writing, AVAX is trading at $49.48. The price has increased from the day’s opening price of $69.93. Thus, indicating a bullish day ahead. The MACD is currently above the zero range. However, we can witness a bullish crossover by the signal line over the MACD line, near the zero range. If the buying pressure overcomes the selling pressure, the lagging indicator may breakout above the zero range. Talking about the RSI indicator. It is more than 70%. It is constantly facing rejection at the 51% mark, which is acting as a strong support level. However, it is making a bullish divergence. Thus, buying pressures are slowly mounting.  We have to wait and watch if buying pressures become strong enough to bring about a fresh breakout. The OBV indicator has broken its downtrend and picked up an upward trajectory. In short, when we look at oscillators, we can say that the price may continue to rise for the rest of the day. However, we cannot rule out the possibility of a trend reversal. Day-Ahead and Tomorrow Currently, AVAX is trading below the second Fibonacci pivot point of $78.83. If the bulls remain strong till day end, then the price is likely to rise above the 50% FIB resistance level. Since it will enter into an uncharted zone, we can not give the price levels. On the downside, if the price breaks the support level of $60.38, then we can expect a strong downward movement in the price. It will highlight the next support level of $48.26. Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price downswing is likely to continue tomorrow as well.

The post AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Avalanche is an open-source platform for decentralized applications and enterprise blockchain deployments in a highly scalable, interoperable ecosystem. It enables the participation of millions of independent blockchain validators as full block producers through the entire Ethereum development toolkit and confirms transactions in under one second. With over 1,000 nodes, the testnet broke the world record for most active nodes. Let us look at the technical analysis of AVAX.

Past Performance

On September 11, 2021, AVAX opened at $49.48. On September 17, 2021, AVAX closed at $69.93. Thus, in the past week, the AVAX price has increased by approximately 40.39%. In the last 24 hours, AVAX has traded between $60.92-$74.16.

TradingView Chart

AVAX Technical Analysis

At the time of writing, AVAX is trading at $49.48. The price has increased from the day’s opening price of $69.93. Thus, indicating a bullish day ahead.

The MACD is currently above the zero range. However, we can witness a bullish crossover by the signal line over the MACD line, near the zero range. If the buying pressure overcomes the selling pressure, the lagging indicator may breakout above the zero range.

Talking about the RSI indicator. It is more than 70%. It is constantly facing rejection at the 51% mark, which is acting as a strong support level. However, it is making a bullish divergence. Thus, buying pressures are slowly mounting.  We have to wait and watch if buying pressures become strong enough to bring about a fresh breakout.

The OBV indicator has broken its downtrend and picked up an upward trajectory.

In short, when we look at oscillators, we can say that the price may continue to rise for the rest of the day. However, we cannot rule out the possibility of a trend reversal.

Day-Ahead and Tomorrow

Currently, AVAX is trading below the second Fibonacci pivot point of $78.83. If the bulls remain strong till day end, then the price is likely to rise above the 50% FIB resistance level. Since it will enter into an uncharted zone, we can not give the price levels.

On the downside, if the price breaks the support level of $60.38, then we can expect a strong downward movement in the price. It will highlight the next support level of $48.26.

Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price downswing is likely to continue tomorrow as well.

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Source: https://www.cryptoknowmics.com/news/avax-technical-analysis-price-is-likely-to-rise-above-the-50-fib-resistance-level/

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