Altcoins

Bitcoin cash price started a fresh decline from the $450 resistance against the US Dollar. The price is now trading below the $400 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $380 the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must gain pace above $400 for more gains in the near term. Bitcoin cash price is showing positive signs above $380 against the US Dollar,...

EOS price started a fresh decline from the $3.20 zone against the US Dollar. The price is now trading below $3.00 and the 55 simple moving average (4-hours). There was a break above a key declining channel with resistance near $2.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend recovery if there is a clear move above the $3.00 resistance. EOS price is showing bullish signs above $2.80 against the US Dollar, similar to bitcoin....

Tron price started a fresh decline from the $0.0780 resistance against the US Dollar. TRX price is now trading below $0.0700 and near the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.0650 on the 4-hours chart (data feed via Bitfinex). The pair could start a major increase if there is a clear break above the $0.0700 resistance. TRON price started a fresh decline below $0.0780 against the US Dollar, similar to...

Jerome Powell – chairman of the Federal Reserve – appears to have reversed one of his previous positions on the relationship between CBDCs and stablecoins. Testifying in front of the US congress, he suggested that both could co-exist, without the former replacing the latter. Allowing Stablecoins and CBDCs. Powell discussed the possibility of a Federal Reserve issued CBDC during his renomination hearing on Tuesday. Republican Senator Pat Toomey – a known crypto advocate –...

GameStop is getting more involved in the cryptocurrency and non-fungible token (NFT) spaces. According to many mainstream sources, the company has developed a team of approximately 20 individuals at the time of writing to establish a whole new market designed for selling virtual items, which may include in-game tokens and cosmetic skins. GameStop Is Getting More Involved in Crypto NFTs have become one of the biggest trends in the digital asset space. Now valued at...

ADA price started a fresh decline from the $1.35 resistance against the US Dollar. The price is now trading below $1.20 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.165 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase if it manages to clear the $1.20 resistance zone. Cardano price is struggling below the $1.20 resistance against the US Dollar, unlike bitcoin. ADA price...

Ethereum price started a fresh decline from the $3,250 resistance against the US Dollar. ETH price is now trading well below $3,500 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $3,150 on the 4-hours chart (data feed from Coinbase). The pair could start a steady upward move if there is a move above the $3,200 level. Ethereum price is struggling below $3,200 against the US Dollar. ETH/USD remains at a risk of a...

2022 has not started off well for most cryptocurrency traders. At the time of writing, bitcoin – the world’s number one digital currency by market cap – as well as many of its altcoin cousins are experiencing bearish activity that has seen them endure some of their biggest price drops in months. Bitcoin and Other Assets Are Experiencing Heavy Dips Bitcoin, for example, is presently trading for around $43,000 per unit. This is about $25,000 less than the all-time high it...

Stellar lumen price declined heavily below the $0.2800 support zone against the US Dollar. XLM price is now trading below $0.2800 and the 55 simple moving average (4-hours). There was a break above a declining channel with resistance near $0.2588 on the 4-hours chart (data feed via Kraken). The pair could start a steady upward move if there is a clear break above $0.2800. Stellar lumen price is trading in a positive zone above $0.2800 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.8650 zone against the US dollar. The price is now trading below $0.8000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.7800 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it stays below the $0.8000 resistance. Ripple price is struggling below $0.800 against the US Dollar, like bitcoin. XRP price...