Altcoins

EOS price started a fresh decline below the $0.580 zone against the US Dollar. The price is now trading below $0.580 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.5600 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.585 and $0.600 resistance levels. EOS price is struggling below $0.580 against the US Dollar, unlike Bitcoin....

Litecoin is slowly moving higher from the $57.50 support against the US Dollar. LTC price is now trading above $60 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $60.80 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $64.20 and $65.80 resistance levels. Litecoin price is recovering from the $57.50 zone against the US Dollar,...

Solana price gained bearish momentum below the $20.00 level against the US Dollar. The price is now trading below $20 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $18.50 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair could recover, but the upsides might be limited above the $20 resistance. Solana price is trading in a bearish zone below $20 against the US Dollar, similar to...

Market depth is an interesting concept to understand, especially for those who are into cryptocurrency trading. In essence, it’s a way to gauge how liquid a certain cryptocurrency is and if its order book is healthy and can consume a certain number of orders. That said, Ripple’s XRP is one of the most traded altcoins on the market, and it boasts a massive daily volume across most of the major cryptocurrency exchanges. Therefore, it’s interesting to take a look at how much...

In its latest prediction, Matrixport, a financial services network, released a report forecasting a dramatic dip in Ethereum’s prices, potentially to $1K, catalyzed by FTX creditor liquidation. Per Matrixport, ETH revenues have been disappointing, as the coin broke below the $1,650 and $1,600 supports. Matrixport cautioned of possible decline towards and below $1,500, potentially heralding a nosedive to $1,000, based on the Ethereum ecosystem’s revenue projections. The...

ADA price is trading in a bearish zone below the $0.255 support zone against the US Dollar. The price is now trading below $0.250 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.2485 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.255 resistance zone. Cardano price is struggling below $0.255 against the US Dollar, similar to Bitcoin. ADA price...

Ethereum price is struggling below the $1,620 resistance against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $1,600 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,600 and $1,620. Ethereum price is declining below $1,600 against the US Dollar. ETH/USD remains at a risk of more downsides if it...

In a recent interview with Yahoo Finance, Coinbase CEO Brian Armstrong shared insights into the company’s plans and its interest in flatcoins. Armstrong also shared more details on the future of cryptocurrency and the necessary next steps amid growing regulatory scrutiny. Armstrong Discusses Coinbase’s Future Plans Coinbase’s exec talked about ‘flatcoins’ in the interview, which is an emerging concept that has yet to gain much traction in mainstream crypto discussions....

Ripple, an investor in Fortress, has stepped in to compensate Fortress customers for any incurred losses as part of the acquisition process. Ongoing discussions surround the potential acquisition of Fortress by Ripple, a cryptocurrency payment network. This unexpected development follows security issues faced by Fortress due to the compromise of a third-party vendor’s cloud tools. While the extent of the crypto loss remains unclear, it raises concerns about the security of clients’...

Stellar lumen price is rising toward the $0.150 resistance zone against the US Dollar. XLM price is now trading above $0.120 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1320 on the 4-hour chart (data feed via Kraken). The pair could start another increase if it clears the $0.135 and $0.142 resistance levels. Stellar lumen price is trading above $0.130 against the US Dollar, similar to bitcoin. XLM...