EOS price started a fresh decline from well above the $2.50 zone against the US Dollar. The price is now trading below $2.20 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2.12 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend decline if it settles below the $2.00 support zone. EOS price is showing bearish signs below $2.20 against the US Dollar, similar to bitcoin. The...
Read More »Litecoin (LTC) Price Analysis: Risk of Sharp Losses Below $100
Litecoin failed to clear the $120 resistance and started a fresh decline against the US Dollar. LTC price is now trading below $105 and the 55 simple moving average (4-hours). There is a major bearish trend line with resistance near $104 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to decline if there is a close below the $100 level. Litecoin price is struggling below $105 against the US Dollar, similar to bitcoin. LTC price...
Read More »Cardano (ADA) Price Analysis: Downtrend Below $1
ADA price declined below $1.00 and $0.92 against the US Dollar. The price is now trading below $1.00 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.945 on the 4-hours chart (data feed via Bitfinex). The price could extend decline if there is a clear move below the $0.800 support zone. Cardano price is struggling below $1.00 against the US Dollar, unlike bitcoin. ADA price could start a recovery wave if...
Read More »Ethereum Price Analysis: ETH Dives Below $3K
Ethereum price started a fresh decline from well above $3,000 against the US Dollar. ETH price is now trading below $3,000 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $2,930 on the 4-hours chart (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $2,480 support zone. Ethereum price is gaining bearish momentum below $3,000 against the US Dollar. ETH/USD remains...
Read More »Stellar Lumen (XLM) Price Remains At Risk Below $0.20
Stellar lumen price started a fresh decline from well above the $0.232 zone against the US Dollar. XLM price is now trading below $0.2000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.2050 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a clear move below $0.1920. Stellar lumen price is trading in a bearish zone below $0.2000 against the US Dollar, similar to...
Read More »Market Watch: Bitcoin Plummets to a 2-Week Low at $38K
Bitcoin’s troubles only intensified in the past 24 hours as the asset dropped by a few thousand dollars again to a 16-day low of $38,000. The altcoins are deep in the red as well, with Ethereum at $2,600, Cardano well below $1, and AVAX beneath $80. Bitcoin Dumps Again It’s safe to say that bitcoin has seen better days which weren’t all that long ago. Just on Tuesday and Wednesday, the cryptocurrency recovered from its latest dump to $42,000 and jumped to nearly $45,000....
Read More »Criminal Whales Hold More Than $25 Billion Worth of Crypto (Chainalysis Report)
The blockchain data company – Chainalysis – claimed that criminal whales represent 3.7% of all cryptocurrency whales. Those bad actors collectively own over $25 billion worth of digital assets. Almost 4% of Crypto Whales Are Criminals Cryptocurrencies have many merits, and numerous experts maintain that they represent a financial revolution. However, bitcoin and the altcoins have their critics, too. These claim that drug traffickers, terrorists, and money-launderers employ...
Read More »Bloody Weekend Watch: BTC Fights for $40K, ETH Dumps Below $2.8K
The bears continue to put pressure on the crypto market as bitcoin dropped below $40,000 for the first time in two weeks. The altcoins are also deep in red once again, with Ethereum sliding beneath $2,800 and massive price drops from Solana, Avalanche, MATIC, and others. Bitcoin Struggles Around $40K It was just three days ago when the landscape around the largest cryptocurrency seemed significantly more bullish. The asset had recovered from its latest dips to $42,000 and...
Read More »Bitcoin Cash Analysis: Risk of Downside Break Below $300
Bitcoin cash price started a fresh decline from the $360 resistance against the US Dollar. The price is now trading below the $330 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $328 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is a clear move below $300 in the near term. Bitcoin cash price is struggling below $330 against the US...
Read More »EOS Price Analysis: Key Hurdle Near $2.6
EOS price started a fresh increase above the $2.40 resistance zone against the US Dollar. The price is now trading near $2.50 and the 55 simple moving average (4-hours). There is a short-term rising channel forming with support near $2.48 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend increase if it clears the $2.60 resistance zone. EOS price is showing bullish signs above $2.45 against the US Dollar, similar to bitcoin. The...
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