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Tag Archives: Altcoin News

Major ETH-Based Currency Hex Is Crashing

The crash of Terra Luna – an algorithmic stable currency – caused ripples throughout the digital currency space. The price of bitcoin has fallen more than 70 percent from its all-time high of $68,000 last November, and the digital currency arena has lost more than $2 trillion in valuation. Now, it looks like another bigtime digital asset – Hex – could potentially fall into the same category as Terra Luna. Hex Is Dropping Rapidly Hex was launched three years ago in 2019....

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Bitcoin Cash Analysis: Bulls Aim Upside Break Above $110

Bitcoin cash is attempting a fresh increase from the $88 zone against the US Dollar. The price is now trading above the $100 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $98 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $107 and $110 to continue higher in the near term. Bitcoin cash price is climbing above $100 against the US Dollar, similar to bitcoin....

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EOS Price Analysis: Risk of More Losses Below $0.8

EOS price started a fresh decline below the $0.95 support against the US Dollar. The price is now trading below $0.95 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.905 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.90 and $0.95 resistance levels. EOS price is struggling below $0.95 against the US Dollar, similar to bitcoin. The...

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Litecoin (LTC) Price Analysis: Bulls Aim Fresh Increase Above $60

Litecoin started a fresh decline from the $65 resistance zone against the US Dollar. LTC price is now trading below $60 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $57 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $60 resistance zone. Litecoin price is struggling below $60 against the US Dollar, similar to bitcoin. LTC price...

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Solana (SOL) Price Analysis: Bears In Control Below $20

Solana price started a fresh decline from the $28.00 resistance zone against the US Dollar. The price is now trading below $20 and the 55 simple moving average (4-hours). There was a break above a short-term bearish trend line with resistance near $14.50 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair could recover, but upsides might be limited above the $20 resistance. Solana price is trading below $20 against the US Dollar, similar to...

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FTX Drama Part I: The Fall of a Token

The native token of FTX – a leading, yet new digital currency exchange – took a harsh dip in mid-November after news came about that Binance – one of the world’s biggest crypto trading platforms – was liquidating its holdings of the asset and ending its support for it as a means of preventing competition to its own native currency BNB Coin. FTX Is Having It Hard The FTX asset fell by as much as 15 percent following the news, and this leakage eventually made its way into...

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