Altcoins

Ethereum price started a fresh decline from the $2,000 zone against the US Dollar. ETH price is now trading below $1,700 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $1,840 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,520 zone. Ethereum price is struggling below $1,700 against the US Dollar. ETH/USD remains at a risk of...

Stellar lumen price started a fresh decline from the $0.13 resistance zone against the US Dollar. XLM price is now trading below $0.1150 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.1240 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.105 and $0.100 support levels. Stellar lumen price is trading below $0.1250 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.3900 resistance against the US dollar. The price is now trading below $0.355 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.3780 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it breaks the $0.330 and $0.325 support levels. Ripple price is declining below $0.355 against the US Dollar, similar...

Bitcoin’s situation took another turn for the worse in the past 24 hours as the asset slipped to $20,750. Most altcoins are in a similar position this week, making it the worst performing trading one since the massive crash in mid-June. Bitcoin Down 15% Weekly A lot can change in the cryptocurrency markets within a week. Bitcoin, for instance, was riding high last weekend when it jumped above $25,000 on two separate occasions to mark new multi-month peaks. While the bulls...

The Seychelles-based cryptocurrency exchange Huobi has provided a timeline explaining its actions during HUSD’s de-pegging event on Thursday.  The exchange confirmed that the problem began with the stablecoin’s issuer. According to a tweet from Huobi, the firm detected “unusual price fluctuations” from its namesake stablecoin at 10:05 UTC on August 18.  Within five minutes, Huobi contacted the issuer of HUSD, Stable Universe Limited.. By 10:30, both the exchange and issuer...

Things took a turn for the worse in the past seven days as the leading cryptocurrencies plunged. The total market capitalization is down some $115 billion in seven days as multiple leading coins dropped by double-digit percentages. With that said, let’s unpack. Bitcoin trades at around $21,500, which is exactly 10% below its price at this time last week. The leading cryptocurrency by means of total market capitalization failed to overcome the critical resistance at $25K, and,...

Bitcoin cash price started a fresh decline from the $148 zone against the US Dollar. The price is now trading below the $140 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $139 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $125 and $122 support levels. Bitcoin cash price is moving lower below $135 against the US Dollar, similar to...

EOS price rallied over 15% and climbed above the $1.50 resistance against the US Dollar. The price is now trading above $1.40 and the 55 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $1.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $1.40 and $1.34 support levels. EOS price is rising above $1.40 against the US Dollar, similar to...

ADA price started a fresh increase above the $0.54 resistance against the US Dollar. The price is now trading above $0.54 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.536 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it stays above the $0.530 support zone. Cardano price is showing positive signs above $0.530 against the US Dollar, similar to bitcoin. ADA price could...

Ethereum price started a downside correction from the $2,000 zone against the US Dollar. ETH price is now trading above $1,800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1,820 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh increase unless there is a clear move below the $1,780 zone. Ethereum price is correcting lower below $1,900 against the US Dollar. ETH/USD could rise again...