Yaz Sheikh, Publisher at CoinCodex
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potential of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.
Yaz Sheikh Latest Articles
MATIC is starting to grow significantly after seeing another 40% price hike today, allowing the cryptocurrency to break above $0.5 again. The cryptocurrency is now up by an enormous 1,330% over the past three months.
Solana has taken the market by storm in recent weeks after being able to surge by a whopping 232% over the past month. The cryptocurrency had spiked above $50 earlier today but has since dropped slightly as it trades at $47.66, at the time of writing.
Despite the lethargic price action in Bitcoin, exchange tokens have still managed to surge by a total of 79% over the past month as they climb toward the $125 billion market cap level in total.
Dogecoin is now up by an incredible 465% over the past week of trading as the cryptocurrency now trades at around $0.42. The growth of Dogecoin in recent weeks has been absolutely outstanding with the help of billionaire investors such as Elon Musk and Mark Cuban.
Bitcoin saw a turbulent weekend in which the price dropped by over 14% as it slipped from $60,000 to reach as low as $51,310. Luckily, it found support at a .618 Fib Retracement there and rebounded to return to the current $52,700 level.
The price of Bitcoin is up by a total of 4% over the past week of trading as the cryptocurrency sets its sights for $61,000 before making another attempt at the ATH price.
Bitcoin is back above the $60,000 level this week as it approaches $61,000 with all eyeballs on the ATH prices. With Bitcoin looking strong, the rest of the market has the benefit of being extremely optimistic. It shows that the bull run is alive and that alt season is still in full swing. It is unlikely to end until we see Bitcoin make a lower low beneath $50,000, and even then, it might still have some strength.
Binance Coin surged by another 25% over the past week of trading as it continues to set new ATHs this week. The cryptocurrency had started to surge toward the end of March after breaking above a symmetrical triangle pattern. After the breakout, BNB started to power upward as it set an ascending price channel.
Ethereum has seen a solid week of trading as the cryptocurrency managed to surge by a total of 15% over the past week of trading. The cryptocurrency had started the month at around $1,920 as it started to push higher above the $2,000 level.
XRP saw an enormous 18% price surge over the past 24 hours of trading as it managed to break past $0.7 today. The cryptocurrency is in the process of recovering from the hit it took in December when the SEC filed a lawsuit against the company for conducting an unlicensed securities offering. As a result, XRP crashed by over 70% after the announcement.