EOS started a fresh decline after it failed to clear the $4.300 resistance against the US Dollar. The price is currently trading well below the $4.000 support and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $4.050 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could correct higher, but it is likely to face sellers near $3.750 and $3.800. EOS price is showing bearish signs below...
Read More »Litecoin (LTC) Price Analysis: Risk of More Losses Below $170
Litecoin price is showing bearish signs and it declined from the $200 resistance against the US Dollar. LTC price is now trading well below the $200 level and the 55 simple moving average (4-hours). There was a break below a declining channel with support near $180 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue lower below $170 and $165 in the near term. Litecoin price is showing bearish signs below $200 and $195...
Read More »Analysts Argue Over Whether Bitcoin or Ethereum Will Rule the Crypto Future
Bitcoin is up more than 600 percent over the last year, making it the most talked about coin – and likely the most talked about asset – amongst traders. Everyone acknowledges it as the number one digital currency by market cap, and it has recently crossed the $1 trillion threshold. At this stage, anyone who hasn’t heard of bitcoin is likely living under a rock, but many analysts still believe that Ethereum could potentially overtake the asset as the number one coin in...
Read More »Tron (TRX) Price Analysis: Key Support Intact Near $0.055
Tron price rallied towards the $0.0680 zone before correcting lower against the US Dollar. TRX price is now trading above the $0.0575 support and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support near $0.0580 on the 4-hours chart (data feed via Bitfinex). The pair could start a fresh rally if it clears the $0.0620 and $0.0630 resistance levels in the near term. TRON price is trading in a positive zone above $0.0550 against...
Read More »Bitcoin Price Analysis: BTC Could Dive Further Below $53.2K
Bitcoin price started a fresh decline from well above $58,000 against the US Dollar. The price is now trading below the $55,000 support and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $56,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue lower below the $53,200 and $53,000 support levels in the near term. Bitcoin price is holding a major support above...
Read More »Cardano (ADA) Price Analysis: Support Turned Resistance at $1.20
ADA price topped near the $1.450 level and started a fresh decline against the US Dollar. The price is now trading below the $1.200 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.070 on the 4-hours chart (data feed via Bitfinex). The price remains at a risk of more losses below the $1.070 and $1.050 support levels. Cardano price is showing bearish signs below $1.200 against the US Dollar, similar to...
Read More »Ethereum Price Analysis: ETH Could Nosedive To $1,500
Ethereum price failed to clear the $1,850 resistance and declined heavily against the US Dollar. ETH price is currently trading well below $1,800 and the 55 simple moving average (4-hours). There was a break below a rising channel with support near $1,788 on the 4-hours chart (data feed from Coinbase). The pair is likely to continue lower towards the $1,600 and $1,500 support levels in the near term. Ethereum price is slowly moving lower from $1,800 against the US...
Read More »TRON Embraces NFTs and Gaming with MixMarvel Partnership
With non-fungible tokens (NFTs) permeating the mainstream, TRON is doing everything it can to guide some of that attention to its network. Following a strategic collaboration between TRON and MixMarvel, the latter’s blockchain-agnostic gaming ecosystem will be bringing its tokenized gaming interface to TRON.This is intended to unlock new value for both communities, as MixMarvel will be able to introduce TRX as a base asset in its gaming ecosystem and gain access to TRON’s community, while the...
Read More »Stellar Lumen (XLM) Price Facing Uphill Task Near $0.410 and $0.435
Stellar lumen price is facing resistance near $0.4100 and $0.4350 against the US Dollar. XLM price is now consolidating near $0.4000 and above the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.4000 on the 4-hours chart (data feed via Kraken). The pair must clear the $0.4100 and $0.4350 resistance levels to start a strong increase. Stellar lumen price is forming a base above the $0.4000 level against the US Dollar,...
Read More »Ripple Price Analysis: Uptrend Intact Above $0.50
Ripple price is showing positive signs above the $0.4980 and $0.5000 resistance levels against the US dollar. The price is now well above $0.5000 and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $0.4960 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to start a strong increase above the $0.5250 and $0.5300 resistance levels. Ripple price is trading in a positive zone above the...
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