Damanick Dantes

Crypto Market Analyst

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.

Latest from Damanick Dantes

Markets

Bitcoin Relief Bounce Faces Resistance at $33K-$35K

Buyers are reacting to oversold conditions, although upside appears limited.

May 31, 2022

Gráfico diario de soporte/resistencia de bitcoin. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Bitcoin Jumps Above $31K; Crypto Carbon Trading Races to Clean Up Act

Carbon credit protocols have had a difficult time in recent months but have been working to improve the way they operate; bitcoin on Monday notched its biggest single-day gain in more than two months.

May 30, 2022

Onshore wind turbines on the Bradwell Wind Farm near Bradwell on Sea, U.K., on Tuesday, Sept. 21, 2021. U.K. Business Secretary Kwasi Kwarteng warned the next few days will be challenging as the energy crisis deepens, and meat producers struggle with a crunch in carbon dioxide supplies. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Markets

First Mover Asia: Bitcoin Extends Losing Streak, New LUNAs Crash Like Old LUNAs, Stepn's China Dilemma

Bitcoin was headed for a ninth-straight weekly loss, a record. Terra delivered its new LUNA "revival" tokens, which crashed. Stepn has plenty of company among firms making changes to accommodate Chinese data-protection laws.

May 29, 2022

Los nuevos tokens LUNA, de Terra, se desplomaron casi en el mismo momento de su lanzamiento. (NASA)

Markets

Market Wrap: Bitcoin Stuck Below $30K as Buyers Remain on Sidelines

BTC declined by as much as 3% over the past 24 hours and is on track to end the month in the red.

May 27, 2022

Markets

Bitcoin Faces Resistance at $33K; Support at $22K-$25K

Volatility could rise, especially if another price breakdown occurs.

May 27, 2022

Bitcoin weekly chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Market Wrap: Cryptos Down, Stocks Up; Altcoins Underperform

BTC was roughly flat over the past 24 hours, compared with a 6% decline in ETH and a 2% rise in the S&P 500.

May 26, 2022

Crypto briefly decouples from stocks (cdd20/Unsplash)

Markets

Bitcoin Pares Earlier Losses; Resistance at $33K

BTC remains in a choppy trading range with limited upside.

May 26, 2022

Bitcoin daily price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Regulatory Attention on Terra Could Change South Korean Trading Environment; Bitcoin Goes Sideways

The founders of two prominent crypto-related organizations said tightened restrictions could make it difficult for foreign tokens to list on Korean exchanges, discouraging projects from trying.

May 25, 2022

Seoul, South Korea (Ciaran O'Brien/Unsplash)

Markets

Market Wrap: Metaverse Tokens Rise; Crypto Analysts Expect More Volatility

BTC was roughly flat over the past 24 hours while SAND rose by as much as 7%.

May 25, 2022

Markets

Bitcoin Stabilizes in Tight Range; Support at $27K, Resistance at $30K-$35K

BTC has shown no signs of life, but a volatile price move is likely.

May 25, 2022

Bitcoin four-hour price chart (Damanick Dantes/CoinDesk, TradingView)

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