Altcoins

EOS seems to be forming a decent support base above the $2.00 level against the US Dollar. The price is still trading well below $4.00 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to remain in a bearish zone unless there is a clear break above $4.00 and $4.20. EOS price is struggling to recover above $3.80 against the...

Litecoin price started an upside correction from the $105 support against the US Dollar. LTC price is still trading well below $140 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must clear $135 and $140 to start a fresh increase in the near term. Litecoin price is struggling to gain pace above $130 against the US Dollar, unlike...

Mark Cuban seems to have been a crypto fan for some time. Recently, he praised both bitcoin and Ethereum and claims to hold a substantial amount of both. However, one of the more recent coins to receive backing by the billionaire investor has tanked big time, and as a result, Cuban is stepping in and calling for clearer regulation regarding stable currencies. Mark Cuban Has Taken a Crypto Hit At press time, it is unknown which stable currency garnered Cuban’s attention,...

Tron price traded below the $0.0500 zone before it started a decent recovery against the US Dollar. TRX price is now trading well below $0.0600 and the 55 simple moving average (4-hours). There is a connecting bearish trend line forming with resistance near $0.0580 on the 4-hours chart (data feed via Bitfinex). The pair could start a major recovery if there is a clear break above $0.0580 and $0.0600. TRON price is slowly recovering above $0.0500 against the US Dollar,...

A professor at Cornell University believes that bitcoin can never accomplish all it has set out to do unless it manages to get past three big hindrances. According to Eswar Prasad, professor of economics at the educational institution, bitcoin still suffers from several flaws that are preventing it from being stronger than many of its altcoin cousins. Eswar Prasad: BTC Still Has a Way to Go In an interview, Prasad points to the idea that bitcoin mining is extremely...

Things in the cryptocurrency market are looking increasingly bad as the price for bitcoin just crashed below $30,000. Bitcoin’s price is currently trading below $30,000. This hasn’t happened in months as the last time we saw these levels was in January 2021. BTC/USD. Source: TradingViewOther cryptocurrencies are also following suit with most of the altcoins charting double-digit declines on the weekly. This has also led to almost $800 million worth of liquidated positions...

ADA price started a fresh decline from well above the $1.50 level against the US Dollar. The price is now trading well below $1.45 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.38 on the 4-hours chart (data feed via Bitfinex). The price is recovering, but it is likely to face sellers near the $1.38 and $1.40 levels. Cardano price is trading in a bearish zone below $1.40 against the US Dollar, similar to...

Ethereum price failed to stay above $2,500 and it extended its decline against the US Dollar. ETH price is now trading well below $2,300 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $2,060 on the 4-hours chart (data feed from Coinbase). The pair could correct higher, but it is likely to face resistance near $2,060 and $2,200. Ethereum price is gaining bearish momentum below $2,200 against the US Dollar....

Following a somewhat stagnant weekend in which BTC remained in a range between $35,000 and $36,000, the asset dumped to a two-week low of just over $32,000. Most alternative coins have performed even worse, with ETH plummeting beneath $2,000 for the first time since May. Altcoins in Red; ETH Below $2K Altcoins have been gradually declining in value for the past several days. Ethereum has been at the forefront as it traded well above $2,600 less than a week ago. However, the...

Stellar lumen price struggled to clear the $0.3500 resistance zone against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3080 on the 4-hours chart (data feed via Kraken). The pair is likely to extend its decline as long as it is below the $0.3500 resistance level. Stellar lumen price is facing hurdles near $0.3200 and $0.3500 against the US Dollar,...