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Damanick Dantes

Damanick Dantes

Damanick was a crypto market analyst at CoinDesk where he wrote the daily Market Wrap and provided technical analysis. He is a Chartered Market Technician designation holder and member of the CMT Association. Damanick is also a portfolio strategist and does not invest in digital assets.

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(Fabe collage/Unsplash)
Markets
First mover
First Mover Asia: Bitcoin Dominates but Altcoins Lurk
Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below...
(Fabe collage/Unsplash)
By Sam ReynoldsDamanick DantesJames Rubin
May 24, 2022 at 11:33 p.m. UTC
May 24, 2022
First MoverAsia PacificBitcoinEtherAltcoinsGoogleTerraUST
Investors grapple with market risk. (Mostafa Meraji, Unsplash)
Markets
Bitcoin
Market Wrap: Cryptos Decline Amid Bearish Sentiment
The bitcoin Fear & Greed Index reached its second-lowest record fear level in history. Analysts expect a period of lower returns.
Investors grapple with market risk. (Mostafa Meraji, Unsplash)
By Damanick DantesKrisztian Sandor
May 24, 2022 at 8:53 p.m. UTC
May 24, 2022
BitcoinBitcoin PriceMarketsAltcoinsCryptocurrencyInvesting
Bitcoin daily price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)
Markets
Technical analysis
Bitcoin Range-Bound; Support at $27K, Resistance at $33K
Technical indicators are neutral, and upside appears limited from here.
Bitcoin daily price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)
By Damanick Dantes
May 24, 2022 at 6:30 p.m. UTC
May 24, 2022
Technical AnalysisBitcoinBitcoin PriceTradingMarkets
Most major cryptos declined in the ongoing risk-averse environment (Getty)
Markets
First mover
First Mover Asia: Funds Lost Billions in the Terra Collapse. Here are the Ongoing Effects; Bitcoin Sees Red
When a fund suffers a major dent to its token, the impact reverberates widely throughout the venture funding eco-system; most major cryptos fell despite gains in U.S. equity m...
Most major cryptos declined in the ongoing risk-averse environment (Getty)
By Sam ReynoldsDamanick DantesJames Rubin
May 23, 2022 at 11:46 p.m. UTC
May 23, 2022
First MoverAsia PacificBitcoinEtherAltcoins
Bitcoin 24-hour chart (CoinDesk)
Markets
Bitcoin
Market Wrap: Bitcoin Unable to Hold $30K, Altcoins Mixed
BTC declined by 2% over the past 24 hours, while Fantom's FTM token rallied by as much as 16%.
Bitcoin 24-hour chart (CoinDesk)
By Damanick DantesKrisztian Sandor
May 23, 2022 at 8:27 p.m. UTC
May 23, 2022
BitcoinBitcoin PriceMarketsAltcoinsCryptocurrency
Bitcoin daily chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)
Markets
Technical analysis
Bitcoin Holds Support at $27K-30K; Resistance at $35K
A brief relief bounce is likely, similar to what occurred in late February and late March.
Bitcoin daily chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)
By Damanick Dantes
May 23, 2022 at 6:40 p.m. UTC
May 23, 2022
Technical AnalysisBitcoinBitcoin PriceTradingMarkets
Terra's collapse will continue to ripple through the crypto industry. (Javardh/Unsplash)
Markets
First mover
First Mover Asia: Terra's Difficult Post-Collapse Path: VCs Backing Away, Regulators Jumping on Stablecoins
Some investors see salvageable pieces in the rubble while others are bemoaning their involvement and want to forget the protocol ever existed; bitcoin edges up in weekend trad...
Terra's collapse will continue to ripple through the crypto industry. (Javardh/Unsplash)
By Sam ReynoldsDamanick DantesJames Rubin
May 22, 2022 at 11:18 p.m. UTC
May 22, 2022
First MoverAsia PacificBitcoinEtherAltcoinsStablecoins
(CoinDesk archives)
Markets
Bitcoin
Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform
Aversion to risk remains as volatility returns to stocks and cryptos.
(CoinDesk archives)
By Damanick Dantes
May 20, 2022 at 8:43 p.m. UTC
May 20, 2022
BitcoinBitcoin PriceMarketsAltcoinsCryptocurrencyDeFi
Bitcoin's weekly chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)
Markets
Technical analysis
Bitcoin Drifts Lower, Support at $25K-$27K
BTC is roughly flat over the past week. Technical signals suggest a neutral to bearish outlook.
Bitcoin's weekly chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)
By Damanick Dantes
May 20, 2022 at 5:28 p.m. UTC
May 20, 2022
Technical AnalysisBitcoinBitcoin PriceTradingMarkets
(Shutterstock)
Markets
First mover
First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain
The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.
(Shutterstock)
By Shaurya MalwaDamanick DantesJames Rubin
May 19, 2022 at 11:30 p.m. UTC
May 19, 2022
First MoverAsia PacificBitcoinEtherAltcoinsWalmartTarget