Markets

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase. The price action looks promising, and buyers are returning to the market. This optimism is also reflected in the daily MACD, which is making higher lows on the histogram. Looking ahead, ETH is working its way back up and could soon...

Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. The market...

After months of recovery, Bitcoin’s price has failed to break above $48K and has been decisively rejected to the downside. Yet, the uptrend may be far from over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rejected from the $48K resistance level. Yet, the $40K support zone has held the market, preventing a deeper drop. The price consolidates between these two price levels, and breaking out in either direction is likely to dictate...

CoinspeakerVelar to Launch World’s First PerpDEX on Bitcoin with $3.5M Seed Fund Velar’s eventual product suite will include an Automated Market Maker (AMM), project launchpad, and PerpDEX. Velar to Launch World’s First PerpDEX on Bitcoin with $3.5M Seed Fund

CoinspeakerPlanetarium Labs Unveils ‘Prelude to Guild War’ Event as Future of Nine Chronicles M While the 'Prelude to Guild War' serves as a pilot event, it marks a crucial chapter in Nine Chronicles M's journey into the realms of Web3 gaming. Planetarium Labs Unveils ‘Prelude to Guild War’ Event as Future of Nine Chronicles M

Bitcoin cash price started a downside correction from the $245 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours). There is a key declining channel or a bullish flag pattern forming with resistance near $240 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $232 and $230 support levels. Bitcoin cash price is declining from the...

TL;DR Analysts predict a short-term increase in XRP’s value, with some viewing the current moment as a “buy-the-dip” opportunity. Long-term forecasts are highly optimistic, reaching up to $594 by 2050, despite ongoing trends and the historical size of the cryptocurrency market. The Most Recent XRP Predictions Ripple’s XRP might have underperformed in the past month, but multiple analysts remain confident its price would thrive in the short term. According to the X (Twitter)...

EOS price started a fresh decline after it failed to clear $0.735 against the US Dollar. The price is now trading below $0.720 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.710 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.7000 and $0.7200 resistance levels. EOS price is struggling below $0.700 against the US Dollar,...

CoinspeakerZeitgeist Floats DLMSR-Based AMM to Boost Prediction Markets Compared to the traditional Constant Product Market Maker (CPMM) model, Zeitgeist's DLMSR approach reduces slippage dramatically. Zeitgeist Floats DLMSR-Based AMM to Boost Prediction Markets

Litecoin started a fresh decline from the $72.50 resistance zone against the US Dollar. LTC price is now trading below $70.00 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $67.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $64.20 support zone. Litecoin price is struggling below $70.00 against the US Dollar, like...