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Ethereum Price Analysis: ETH At Risk of Drop Below $1K

Ethereum price started a fresh decline from the $1,350 zone against the US Dollar. ETH price is now trading below $1,200 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1,210 on the 4-hours chart (data feed from Coinbase). The pair could start a recovery wave if it clears the $1,240 resistance zone. Ethereum price is struggling below $1,300 against the US Dollar. ETH/USD remains at a risk of more losses if...

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Cardano’s Algorithmic Stablecoin DJED to Launch in January 2023

Shahaf Bar-Geffen – CEO of COTI, a stablecoin development company – revealed the launch date for Cardano’s new algorithmic stablecoin at Cardano Summit on Monday.  After a successful audit, the over-collateralized DJED token will go live in January 2023. What is DJED? DJED is Cardano’s attempt to create a price-stable digital asset backed by ADA – the network’s native cryptocurrency.  By sending ADA to a given smart contract address on Cardano, users will receive the same...

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Stellar Lumen (XLM) Price Could Take Major Hit Below This Support

Stellar lumen price started a fresh decline from the $0.1000 resistance zone against the US Dollar. XLM price is now trading below $0.0950 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.090 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.0840 and $0.0800 support levels. Stellar lumen price is trading below $0.1000 against the US Dollar, similar to...

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Ripple Price Analysis: Bears Aim Retest of $0.32

Ripple price started a fresh decline from the $0.4000 resistance against the US dollar. The price is now trading above $0.3880 and near the 55 simple moving average (4-hours). There was a break below a connecting bullish trend line with support near $0.3875 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down towards the $0.320 support in the near term. Ripple price is struggling below $0.400 against the US Dollar,...

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