ADA price started a downside correction from the $0.538 zone against the US Dollar. The price is now trading below $0.52 and the 55 simple moving average (4 hours). There was a break below a major bullish trend line with support near $0.500 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.510 and $0.520 resistance levels. Cardano’s price is consolidating above $0.4650 against the US Dollar, like Bitcoin. ADA...
Read More »Ethereum Price Analysis: ETH Could Rally Above $2,400
Ethereum price is eyeing an upside break above the $2,400 resistance against the US Dollar. ETH price is now trading above $2,300 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $2,280 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,240 support zone. Ethereum price is consolidating above the $2,240 level against the US Dollar. ETH/USD could rise again if it...
Read More »Global Crypto Assets Record $708 Million in Weekly Inflows
CoinspeakerGlobal Crypto Assets Record $708 Million in Weekly Inflows Global crypto assets flows turned positive after two weeks of outflows. Solana’s weekly inflows improved as Ethereum recorded more outflows. Global Crypto Assets Record $708 Million in Weekly Inflows
Read More »Super Bowl 2024 Next Week Will Not Feature Any Crypto and AI Ads
CoinspeakerSuper Bowl 2024 Next Week Will Not Feature Any Crypto and AI Ads Two years ago, crypto advertisers occupied the top ad spots at Super Bowl. But the FTX debacle has pushed them out of the game making way for traditional businesses. Super Bowl 2024 Next Week Will Not Feature Any Crypto and AI Ads
Read More »Stellar Lumen (XLM) Price Grinds Lower As Bulls Lose Control
Stellar lumen price is moving lower below the $0.1120 pivot level against the US Dollar. XLM price is now trading below $0.1100 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.1095 on the 4-hour chart (data feed via Kraken). The pair could extend its decline below the $0.1080 support zone in the near term. Stellar lumen price is trading below $0.1120 against the US Dollar, like Bitcoin. XLM price could...
Read More »XRP Price Analysis: Risk of Downside Thrust Escalate
XRP price started a fresh decline from the $0.5400 resistance against the US dollar. The price is now trading below $0.5350 and the 55 simple moving average (4 hours). There is a connecting bearish trend forming with resistance near $0.5180 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.500 support zone. XRP price is struggling below $0.5350 against the US Dollar, unlike Bitcoin. The price could...
Read More »Watch These Altcoins in February as Hundreds of Millions of Tokens Set to Unlock
Multiple altcoins with relatively large market capitalizations are going to see token unlocks in the upcoming days. These events are normally associated with fluctuating prices because of the shift in the dynamics of supply and demand. However, it’s worth noting that the entities behind them have been through multiple of these in the past years, and cushioning the impact on the market seems likely. Starting off with the first one on our list – Aptos (APT). Data from Token...
Read More »BTC Settles at Around $43K While ICP Soars 7% Daily (Weekend Watch)
After the enhanced volatility experienced lately, BTC has finally calmed at around the $43,000 mark. Most altcoins are also untypically calm on a daily scale, aside from ICP and TIA – both of which have marked impressive gains. BTC Stalls at $43K Bitcoin slumped hard in the weeks following the approval and launch of nearly a dozen spot ETFs in the States and bottomed last Thursday at $38,500. The bulls finally managed to intervene at this point and didn’t allow any further...
Read More »Bitcoin Tops $43K, Massive Jupiter (JUP) Airdrop and Solana’s Rise: This Week’s Crypto Recap
The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark in terms of total capitalization. This comes on the back of increases in Bitcoin’s price, a massive airdrop, as well as a proper performance from some major altcoins. Starting with Bitcoin – managed to push past the $43K level and even attempted a shot at $44K but came short. This puts BTC at an increase of slightly less than 5% for the past seven...
Read More »Solana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection
CoinspeakerSolana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection Despite the recent growth, Solana's weekly volume is behind Ethereum’s 7-day DEX volume, with $5.518 billion compared to Ethereum's $7.971 billion. Solana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection
Read More »