Markets

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EOS price started a downside correction from the $1.315 resistance against the US Dollar. The price is now trading above $1.18 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $1.24 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $1.145 support zone. EOS price is declining from $1.315 against the US Dollar, similar to bitcoin....

Litecoin started a fresh decline below the $100 zone against the US Dollar. LTC price is now trading below $100 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $96.90 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could struggle to clear the $97 and $100 resistance levels in the near term. Litecoin price is struggling below $100 against the US Dollar, similar to bitcoin. LTC price...

Ethereum’s price is struggling to break above a key resistance level following a substantial rally over the last couple of months. However, there are multiple support levels that could hold the price in case of a reversal. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has failed to break above the $1800 level and the higher boundary of the large symmetrical triangle pattern. The cryptocurrency appears to be facing rejection to the downside at...

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White House officials Brian Deese, Arati Prabhakar, Cecilia Rouse, and Jake Sullivan have penned a letter calling on Congress to instill stricter crypto trading laws to ensure that something like the FTX debacle never occurs again. A Letter to Those in Charge The letter states: Congress could also make our jobs harder and worsen risks to investors and to the financial system. Legislation should not greenlight mainstream institutions, like pension funds, to dive headlong...

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Solana price started a decent increase above the $22 resistance against the US Dollar. The price is now trading above $22 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $24.50 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $23.40 and $22.60 support levels to start another increase. Solana price is trading above $22 against the US Dollar, similar to bitcoin....