Ethereum price started a fresh increase from the $2,850 zone against the US Dollar. ETH price is now trading near $3,050 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $2,910 on the 4-hours chart (data feed from Coinbase). The pair could continue to rise if there is a clear move above the $3,100 resistance. Ethereum price is showing positive signs above $2,900 against the US Dollar. ETH/USD might rally further if...
Read More »Stellar Lumen (XLM) Price Turns Bearish Below $0.2200
Stellar lumen price started a fresh decline from well above the $0.25 zone against the US Dollar. XLM price is now trading below $0.2200 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.2200 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is a clear move below $0.2050. Stellar lumen price is trading in a bearish zone below $0.2200 against the US Dollar, similar to...
Read More »Ripple Price Analysis: Key Support Nearby, Approaches Breakout
Ripple price started a fresh increase above the $0.80 zone against the US dollar. The price is now trading above $0.7500 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.8200 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if it clears the $0.8200 resistance level. Ripple price is trading in a bullish zone above $0.7000 against the US Dollar, like...
Read More »Crypto Rewards Firm Fly Coin Raises a Lot of Money
Fly Coin – a digital currency travel rewards company – has raised more than $30 million through a new seed funding round. Fly Coin Raises $33 Million Fly Coin allows regular travelers to garner crypto-based rewards for all their travel habits. Whether they are checking into hotels, purchasing airline tickets, renting cars, or paying for carry-ons, they can garner these rewards granted they utilize Fly Coin every time they make a travel move. They are paid in the...
Read More »Bitcoin Cash Analysis: Dips Turn Attractive Near $320
Bitcoin cash price started a fresh increase above the $300 level against the US Dollar. The price is now trading above the $320 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $340 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could test the $320 support before it might start a fresh increase in the near term. Bitcoin cash price is gaining pace above $320 against the US...
Read More »EOS Price Analysis: More Gains Possible Above $2.8
EOS price started a fresh increase above the $2.45 resistance zone against the US Dollar. The price is now trading above $2.50 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $2.45 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend increase if it stays above the $2.45 support zone. EOS price is showing bullish signs above $2.50 against the US Dollar, similar to bitcoin. The...
Read More »Litecoin (LTC) Price Analysis: Bulls In Action Above $130
Litecoin price started a fresh increase above the $120 resistance against the US Dollar. LTC price is now trading above $130 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $130 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $130 and $125 support levels. Litecoin price is gaining pace above $130 against the US Dollar, similar to bitcoin. LTC...
Read More »The IRS Backs Down on Crypto Staking Case
It looks like the Internal Revenue Service (IRS) doesn’t have as much power as we thought. The agency is offering to pay a man named Joshua Jarrett, who allegedly was denied a refund two years ago after creating new coins through staking. Despite the offer, Jarrett is saying “no” and continuing his case against the tax people in D.C. to ensure the IRS never pursues him on the matter again. Has Crypto Beaten the IRS? In 2019, Jarrett was made to pay income taxes on new...
Read More »Tron (TRX) Price Analysis: Dips Turn Attractive Near $0.062
Tron price started a decent increase above the $0.0600 level against the US Dollar. TRX price is now trading above $0.0620 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0630 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move up if it stays above the $0.0620 support zone. TRON price started a fresh increase above $0.0600 against the US Dollar, similar to bitcoin. TRX price could rally...
Read More »Pollen Mobile Will Pay Users in Crypto to Grow the Network
A new peer-to-peer (P2P) wireless network known as Pollen Mobile is emerging. What’s the clincher? The project is looking to pay its users in crypto for running their own mini cell towers. This will build out the network’s coverage in San Francisco, where the company is stationed. Pollen Mobile Mixes Cell Phones with Crypto Pollen Mobile was launched by Pronto AI, an autonomous vehicle startup which was begun by Anthony Levandowski. He was pardoned in 2021 by President...
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