Markets

After a period of heightened buying activity and increased bullish momentum, Ethereum has successfully reclaimed a crucial resistance zone, notably the previous major yearly high at $3.6K. This breakout, if confirmed by a retest, sets the stage for ETH to potentially establish a new all-time high in the near future. By Shayan The Weekly Chart An in-depth analysis of the weekly chart reveals a significant bullish sentiment surrounding Ethereum, as evidenced by a substantial...

Shiba Inu is back in the spotlight with a massive rally. Key Support levels: $0.0000025 Key Resistance levels: $0.000037 1. Massive Rally in Progress SHIB’s buyers came in force in late February and took the price to levels not seen since 2022. Since then, SHIB’s price has increased by over 300%, which is an impressive achievement in such a short time — especially from a technical perspective. The current resistance is at $0.000037, and if buyers continue pushing at this...

CoinspeakerBinance Welcomes AEVO (AEVO) as 48th Project on Its Launchpool, BNB Price Jumps The AEVO tokens have a 1 billion maximum supply and will allow farming by Binance users who stake FDUSD and BNB tokens from the 8th of March. Binance Welcomes AEVO (AEVO) as 48th Project on Its Launchpool, BNB Price Jumps

Bitcoin went through a massive correction to under $60,000 after blasting past a new all-time high above $69,000 on Wednesday. Experts indicate that despite the volatility, there’s continued positivity in the market, hinting at potentially strong movements in the days ahead. Correction Brings Renewed Positivity CryptoQuant’s latest analysis, for one, suggests that the ongoing correction in Bitcoin’s price is actually fostering a more positive outlook for the crypto asset. The...

CoinspeakerBitcoin (BTC) Rebounds after Tipping $1B Market-Wide Liquidation Over $800M of the $1B in liquidation was accounted for by long positions, meaning leveraged bulls recorded massive losses. Bitcoin (BTC) Rebounds after Tipping $1B Market-Wide Liquidation

Solana price started a downside correction from the $145 zone against the US Dollar. The price is now trading below $125 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $130 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $115 and $110 support levels to start another increase. Solana price is trading above $110 against the US Dollar, like Bitcoin. SOL is...

Bitcoin price started a downside correction from the new all-time high at $69,324 against the US Dollar. The price is now trading above $60,000 and the 55 simple moving average (4 hours). There was a break below a key rising channel with support at $64,400 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $60,000 support zone. Bitcoin price is correcting lower below $65,000 against the US...

Binance has announced its plans to halt its services involving the Nigerian Naira (NGN) due to heightened regulatory attention from authorities in Nigeria. The crypto exchange said that it will remove all current NGN pairs by Thursday, and any remaining NGN balances will be transformed into USDT by Friday. According to the official blog post, Binance will halt NGN withdrawals starting from March 8, following which, any remaining NGN balances in users’ Binance accounts will be...

Crypto market sell pressure was relentless on Tuesday, with Bitcoin’s price drifting as low as $61,000, triggering more than $1 billion in liquidations across the crypto market. Data from Coinglass shows that $1.17 billion in liquidations have occurred over the past 24 hours, including $876 million of long trades and $292 million of shorts. This follows Bitcoin’s brief and narrow reclaim of its all-time high on Tuesday morning, rising to $69,200 before the market dumped. Over...

Bitcoin (BTC)’s meteoric rise over the past few months has many long-term holders starting to cash out their positions, on-chain data suggests. In a research newsletter published on Tuesday, Glassnode noted that long-term investors have already distributed 480,000 BTC since December 2023, from which time BTC has appreciated 45%. Bitcoin’s Distribution Phase According to lead Glassnode analyst James Check, roughly half of the old coins to started changing in the last three...