With how LINK is moving in recent times and its historical precedent, there are indications that it may serve as a market leader once again, potentially triggering another bullish trend. Chainlink (LINK), a decentralized blockchain oracles service provider has emerged as a standout performer, witnessing an astounding 50% increase in its price as the crypto market witnessed a significant uptick in valuation. Understanding the Chainlink Surge The recent surge in Chainlink’s price can be...
Read More »Bitcoin Cash Analysis: Bulls Struggle To Protect This Key Support
Bitcoin cash price started a downside correction from the $270 zone against the US Dollar. The price is now trading above the $240 zone and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support at $242 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $242 and $240 support levels. Bitcoin cash price is declining from the $270 zone against the US...
Read More »EOS Price Analysis: Rally Could Extend By 20%
EOS price started a fresh increase from the $0.525 support against the US Dollar. The price is now trading above $0.580 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.594 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.6150 and $0.625 resistance levels. EOS price is rising above $0.580 against the US Dollar, like Bitcoin. The price...
Read More »Litecoin (LTC) Price Analysis: Bulls Aim For Rally To $80
Litecoin started a steady increase above $65 against the US Dollar. LTC price is now trading above $66 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $69.75 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $70.80 and $72.00 resistance levels. Litecoin price is showing positive signs above $68 against the US Dollar, similar to Bitcoin. LTC...
Read More »Solana (SOL) Price Analysis: Bulls In Control Above $28.50
Solana price started a steady increase above the $25.00 resistance against the US Dollar. The price is now trading above $28.50 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $30.40 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $32.00 and $32.80 to continue higher in the near term. Solana price is trading in a positive zone above $28.50 against the US Dollar, like...
Read More »Year-to-Date Inflows to Solana Hit $74 Million as SOL Price Shot Above $30: CoinShares
Market sentiment has experienced a significant upturn, with a noticeable trend in digital asset investment products attracting inflows for four consecutive weeks, accumulating a total of $66 million. This recent four-week streak of inflows has now reached $179 million. Following a recent increase in prices, the total Assets under Management (AuM) have surged by 15% from their September lows, reaching nearly $33 billion, marking the highest point since mid-August, according to...
Read More »Cardano (ADA) Price Analysis: More Gains Seems Likely Above $0.30
ADA price is showing positive signs above the $0.278 zone against the US Dollar. The price is now trading above $0.280 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.2520 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.290 and $0.300 resistance levels. Cardano price is rising above $0.278 against the US Dollar, like Bitcoin. ADA price...
Read More »Ethereum Price Analysis: ETH Rally Could Extend To $1,920
Ethereum price is moving higher above the $1,750 resistance against the US Dollar. ETH price is now trading above $1,750 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,740 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,740 support zone. Ethereum price is rising above the $1,740 level against the US Dollar. ETH/USD could rise further if it clears the...
Read More »Lawyer: SEC Has Just 3% Chance against Ripple if They Appeal XRP Case
Morgan asserts that XRP sales fail to meet at least two of Howey test prongs, making the SEC’s case weak. With the facts apparently not aligning with the Howey framework, he sees little room for the SEC to overturn the earlier judgment. In the ongoing Ripple versus SEC case over XRP, legal experts are assessing the chances of a successful SEC appeal after Judge Analisa Torres granted Ripple a partial win in July. The judge ruled that XRP sales on public exchanges were not unregistered...
Read More »Stellar Lumen (XLM) Price Could Rally Further Toward $0.12
Stellar lumen price is rising toward the $0.1165 resistance zone against the US Dollar. XLM price is now trading above $0.1075 and the 55 simple moving average (4 hours). There is a short-term rising channel forming with support near $0.1100 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.1125 and $0.1165 resistance levels. Stellar lumen price is trading above $0.1080 against the US Dollar, like bitcoin. XLM...
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