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Tag Archives: Altcoin News

Cardano (ADA) Price Analysis: More Downsides Likely Towards $1

ADA price started a fresh decline after it failed to surpass $1.30 against the US Dollar. The price is now trading well below $1.20 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1.15 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue lower below the $1.10 support level in the near term. Cardano price is trading in a negative zone below $1.20 against the US Dollar, similar to...

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Ethereum Price Analysis: ETH May Soon Revisit $1,500

Ethereum price started a fresh decline and it broke the $2,000 support zone against the US Dollar. ETH price is now trading well below $2,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1,850 on the 4-hours chart (data feed from Coinbase). The pair is likely to accelerate lower if there is a close below the $1,750 support zone. Ethereum price is showing bearish signs below $2,000 against the US Dollar....

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Doge Co-Creator Jackson Palmer Has Apparently Lost His Love of Crypto

Jackson Palmer – the co-creator of popular meme currency Dogecoin – had some unflattering things to say about the industry he has called home for so many years. Palmer: Cryptocurrency Is “Inherently Right Wing” In a recent interview, Palmer claimed that the crypto space has largely become exactly like the financial industry it was designed to replace. He says it is controlled by a small group of wealthy elitists that have managed to weave their way in and implement...

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Ripple Price Analysis: Risk of a Larger Decline Below $0.50

Ripple price is slowly moving lower below the $0.6200 support zone against the US dollar. The price is now trading well below the $0.6000 resistance and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $0.5900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if it clears the $0.6000 and $0.6200 resistance levels. Ripple price is struggling to recover above...

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Jerome Powell: If USD Was Digital, BTC Would Vanish

Federal Reserve Chairman Jerome Powell took the stand to discuss bitcoin and other cryptocurrencies with the U.S. Financial Services Committee. He stated to the panel that if the United States had its own digital currency in play, bitcoin would serve no purpose and would ultimately disappear. Jerome Powell Doesn’t Appear Against the Idea of a National Digital Currency Powell explained: One of the arguments that are offered in favor of a digital currency: you would not...

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Bitcoin Cash Analysis: Can Bulls Overcome Selling Pressure?

Bitcoin cash price remained in a bearish zone below the $500 resistance against the US Dollar. The price is now trading below the $475 support and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $472 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could start a decent increase if it clears the $472 and $475 resistance levels. Bitcoin cash price is struggling to move higher above $475...

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EOS Price Analysis: Struggle Continues, Key Support Nearby

EOS started a fresh decline after it failed to surpass $4.40 against the US Dollar. The price is now trading below the $4.00 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $3.65 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue lower if it breaks the $3.50 support zone in the near term. EOS price is showing bearish signs below $4.00 against the US Dollar,...

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Litecoin (LTC) Price Analysis: Risk of More Losses Below $125

Litecoin price extended its decline below the $130 support zone against the US Dollar. LTC price is now trading below $132 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $133 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh decline as long as it is below the $132 and $135 levels in the near term. Litecoin price is struggling to recover above $132 against the...

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Tron (TRX) Price Analysis: Bears In Control Below $0.060

Tron price started a fresh decline from well above $0.0650 against the US Dollar. TRX price is now trading well below $0.0620 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0640 on the 4-hours chart (data feed via Bitfinex). The pair is likely to continue lower below $0.0560 unless the bulls gain strength above $0.0650. TRON price is slowly moving lower below $0.0600 against the US Dollar, similar to bitcoin....

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Cardano (ADA) Price Analysis: Bears Aim Retest of $1.20

ADA price started a fresh decline after it failed to surpass $1.50 against the US Dollar. The price is now trading well below $1.35 and the 55 simple moving average (4-hours). There was a break below a key rising channel with support near $1.38 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue lower below the $1.25 support level in the near term. Cardano price is trading in a negative zone below $1.35 against the US Dollar, similar to...

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