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CSPR’s price remains strong despite price facing rejection from a high of $0.055 as the price holds above the key support area.  TWT breaks out of a descending triangle as the price looks strong despite Bitcoin (BTC) dragging market prices down.  The price of CRV respects the downtrend line as the price aims to break out of its downtrend price movement.  The crypto market has not had the Uptober that many expected, as the market has continued to range despite showing some great signs of rallying in the early part of the month. Except for a few exceptional coins, such as Casper Network (CSPR), Trust Wallet Token (TWT), and Curve DAO (CRV), have shown strength despite the growing concern for Bitcoin Dominance (BTC.D) as this could affect the price of altcoins when BTC retraces. Here are 3 altcoins that have defied the pull of BTC.D. Related Reading: Arca Firm CEO Believes Crypto Winter Has Reached The End, How True Is That? Casper Network (CSPR) Price Analysis On The Daily Chart Most projects have fared poorly in the bear market, with many experiencing more than 50% price declines, discouraging most traders and investors from stockpiling these assets. With Bitcoin’s dominance (BTC.D) rising and the price of BTC moving in a range, this has affected most crypto projects. The price of CSPR has enjoyed a somewhat good price rally. After dropping to a daily low of $0.03, the price of CSPR rallied to a high of $0.055, reclaiming its key support.  CSPR’s price needs to hold above $0.045, which corresponds to the 200 Exponential Moving Average; a close above this region could push the price to $0.077. Daily resistance for the price of CSPR – $0.077. Weekly support for the price of CSPR – $0.045. Price Analysis Of Trust Wallet Token (TWT) The daily timeframe for the price of TWT has shown resilience as the price continues to maintain its bullish strength after a successful breakout from a descending triangle.  TWT’s price faces resistance at $1.2; the price needs to break this region to rally higher; if the price fails to break this range, we could see the price retesting the support at $1.  Daily resistance for the TWT price – $1.2. Daily support for the TWT price – $1. 3 Altcoins – Price Analysis Of Curve DAO (CRV)  After dropping to a daily low of $0.5, the price of CRV bounced from that area as the price rallied to a high of $1.5 before facing rejection to trend higher. The price of CRV saw rejection as the price continued to range, forming a descending triangle with a possible breakout to a high of $1. Daily resistance for the CRV price – $1.2. Daily support for the CRV price – $0.65. Related Reading: This On-Chain Metric Suggests Bitcoin Not In Danger Of Another Sharp Drawdown Featured Image From zipmex, Charts From Tradingview 

Historical data of an on-chain indicator could suggest Bitcoin may not be in danger of another sharp crash right now. Bitcoin Spot Exchange Depositing Addresses Stay At Very Low Values As pointed out by an analyst in a CryptoQuant post, signs are that another crash similar to Q3 2018 isn’t likely to happen currently. The relevant indicator here is the “spot exchange depositing addresses,” which is a measure of the total number of Bitcoin wallet addresses that are making send transactions to centralized spot exchanges right now. Generally, investors deposit their coins on spot exchanges for selling purposes. Thus, a spike in this metric can be bearish for the price of the crypto as it could be a hint at dumping behavior from a large number of addresses. On the other hand, low values imply not many holders are adding to the selling pressure in the market at the moment. Now, here is a chart that shows the trend in the Bitcoin spot exchange depositing addresses over the last few years: Looks like the value of the metric has been going down in recent months | Source: CryptoQuant As you can see in the above graph, the quant has marked the relevant zones of trend for the Bitcoin spot exchange depositing addresses. It seems like usually around periods where this indicator has sharply risen up to local tops, the price of BTC has also observed a top and subsequently declined. Related Reading: Will Bitcoin Tank Following The Charles Schwab Indicator? Do BTC Investors Need To Worry? Since the bull run top last year, the spot exchange depositing addresses have been overall winding down, seeing only a couple of peaks in the period. Some investors have recently been wondering whether another sharp drawdown is coming for Bitcoin in the near future, just like the one the 2018 bear market saw after months of sideways movement similar to now. Looking at the chart for the trend during the 2017/2018 cycle, it’s apparent that the metric declined following the bull run top and then plateaued at low levels as the bear market went on. Related Reading: Bitcoin Dominance To Regain Control Over Crypto? | BTC.D Analysis October 20, 2022 However, in Q3 2018, the indicator suddenly jumped up. A couple of months or so after this happened, the price observed a crash. As during recent weeks there has been no such sharp increase in the indicator, the analyst believes there is no indication that a decline similar to then would take place now. BTC Price At the time of writing, Bitcoin’s price floats around $18.8k, down 4% in the last week. The value of the crypto seems to have dipped below the $19k level again | Source: BTCUSD on TradingView Featured image from André François McKenzie on Unsplash.com, charts from TradingView.com, CryptoQuant.com

MATIC’s price remains strong despite price facing rejection from a high of $0.8 as the price holds above the key support area.  MATIC breaks out of a descending triangle as the price looks strong despite Bitcoin (BTC) dragging market prices down.  The price of MATIC trades above key support of $0.77 as the price continues to trade above 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe.  Polygon (MATIC) price has held strong above the key support area after breaking out of its descending triangle and assuming a bullish price movement against tether (USDT) as BTC price remains in its range, dragging most crypto assets down. The crypto market has not had the Uptober that many expected, as the market has continued to range despite showing some great signs of rallying in the early part of the month. Except for a few exceptional coins, such as Polygon (MATIC), Bitcoin (BTC), Ethereum (ETH), and other crypto assets have remained dormant. (Data from Binance) Related Reading: Tron Development Activity Grows In The Last 7 Days – Except TRX Price Polygon (MATIC) Price Analysis On The Weekly Chart Most projects have fared poorly in the bear market, with many experiencing more than 50% price declines, discouraging most traders and investors from stockpiling these assets. With Bitcoin’s dominance (BTC.D) rising and the price of BTC moving in a range, this has affected most crypto projects, including the price of MATIC, as the price has shown less aggression after breaking out from its descending triangle. With BTC.D trying to resume its rally above the 43% mark, this would mean altcoins will be hurt when BTC declines in price and prevent other coins like MATIC from rallying.  After rallying to $1, the price of MATIC faced resistance to trend higher to $1.5 as the price struggled to break above the resistance at $1 despite rallying from a weekly low of $0.3. The price of MATIC retraced to a region of $0.77, where the price formed strong support to rally to a high of $1 as bulls still take control of the price; if the price of MATIC holds above 0.77 support, we could see more rallies from MATIC. Weekly resistance for the price of MATIC – $1. Weekly support for the price of MATIC – $0.77. Price Analysis Of MATIC On The Daily (1D) Chart The daily timeframe for the price of MATIC has shown resilience as the price continues to hold and maintain bullish strength after a successful breakout from a descending triangle.  MATIC’s price failed to break above $1, but it has shown strength, holding above its key support as this would be the basis for more rallies.  If MATIC’s price breaks below $0.77, we could see bears taking over the price of MATIC. Daily resistance for the MATIC price – $1. Daily support for the MATIC price – $0.77-$0.7. Related Reading: Why The Bitcoin Price May Be Ready To Return To $20,000 Featured Image From CPO Magazine, Charts From Tradingview