With the crypto market dipping lower again over the past 24 hours, bearish noises seem to be getting louder and louder on Twitter.

For example…


And this one…

Although to be fair, that particular head-and-shoulders-pattern-spruiking trader has been pretty bearish for weeks now. Unlike this one…

Another prominent analyst, Rekt Capital, is eyeing the famed Bollinger band indicator, invented by the American financial analyst John Bollinger in the ’80s.

These bands are formed by an upper (positive movement) band and a lower band (negative) of typically two standard deviations from a middle simple moving average trend line.

If Rekt Capital is right, a wick down to the lower band range, at about US$39k, could be on the cards.

If it plunges much lower than that and things really start capitulating, we’re betting the likes of Michael Saylor will be buying. Either that, or checking to see if his old gig at McDonald’s is vacant…

As for Peter Schiff, we probably shouldn’t keep giving him airtime, but he always elicits fun responses…


Top 10 overview

With the overall crypto market cap in danger of losing the magical US$2 trillion mark for the first time in about three months, here’s the state of play in the top 10 by market cap at the time of writing, according to CoinGecko data.

Aside from stablecoins (as you’d hope), everything’s still dipping, with Solana (SOL) and Terra (LUNA) the hardest hit on the daily and weekly timeframes.

After a cracking 2021 in general, Solana’s not having the best time of it just lately. On Tuesday the popular project reportedly suffered its third network-clogging incident in three months, going offline for about four hours.


Winners and losers: 11–100

Sweeping a market-cap range of about US$21.2 billion to about US$1.2 billion in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time.


• Frax Share (FRAX), (mc: US$1.36b) +13%

• Dash (DASH), (mc: US$1.4b) +8%

• Chainlink (LINK), (mc: US$12.2b) +4%

• Zcash (ZEC), (mc: US$1.7b) +2.5%

• Huobi (HT), (mc: US$1.4b) +2%



• Olympus (OHM), (mc: US$2b) -13%

• Kadena (KDA), (mc: US$1.5b) -12%

• Arweave (AR), (mc: US$2b) -13%

• Spell Token (SPELL), (market cap: US$1.2b) -11%

• Helium (HNT), (mc: US$3.6b) -11%


Lower-cap winners and losers

Moving below the crypto unicorns (in some cases well below), here’s just a selection catching our eye…


• IrisNet (IRIS), (mc: US$142m) +37%

• Kyber Network (KNC), (mc: US$158m) +16%

• Exeedme (XED), (market cap: US$30.m) +14%



• Fancy Games (FNC), (market cap: US$20m) -23%

Guild of Guardians (GOG), (mc: US$36m) -19%

Vader Protocol (VADER), (mc: US$346m) -18%