ADA price is struggling to clear the $2.32 and $2.45 resistance levels against the US Dollar. The price is now trading below $2.30 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $2.40 on the 4-hours chart (data feed via Bitfinex). The price remains at a risk of more downsides below $2.05 and $2.00. Cardano price is struggling below the $2.50 resistance against the US Dollar, similar to bitcoin. ADA price must...
Read More »Ethereum Price Analysis: ETH Faces Major Hurdle Near $3,160
Ethereum price started an upside correction above $3,000 against the US Dollar. ETH price is now trading below $3,100 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $3,150 on the 4-hours chart (data feed from Coinbase). The pair could start a fresh decline if there is no break above $3,160 in the near term. Ethereum price is showing bearish signs below $3,160 against the US Dollar. ETH/USD could resume its...
Read More »Stellar Lumen (XLM) Price Could Rally If It Clears $0.3000
Stellar lumen price started a strong decline below $0.3200 against the US Dollar. XLM price is now trading below $0.3000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3000 on the 4-hours chart (data feed via Kraken). The pair could continue to decline if there is no upside break above the $0.3000 and $0.3100 resistance levels. Stellar lumen price is trading well below $0.3000 against the US Dollar, similar...
Read More »Ripple Price Analysis: Bulls Eye Recovery Above $1
Ripple price started a major decline from the $1.12 resistance against the US dollar. The price is now trading below $1.00 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.9750 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if there is a clear break above $1.00. Ripple price is showing bearish signs below $1.00 against the US Dollar, similar to...
Read More »Bitcoin Cash Analysis: Upsides Could be Capped Near $600
Bitcoin cash price started a major decline below the $600 zone against the US Dollar. The price is now trading well below the $600 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $572 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to decline unless there is a clear break above $572 and $600. Bitcoin cash price is eyeing recovery above $580 against the US Dollar,...
Read More »AMC to Accept Additional Forms of Crypto for Movie Tickets, but Will This Help the Chain?
Not too long ago, AMC announced that it was going to allow crypto fans to purchase concession items and tickets with bitcoin. Now, it looks like the company is adding several additional digital currencies to its list of accepted payment methods hoping this will potentially attract more movie goers. AMC Says “Yes” To ETH, BCH, LTC No doubt theatre chains have taken serious hits over the past year and a half following the coronavirus pandemic. Theatres require people to...
Read More »EOS Price Analysis: Bulls Facing Uphill Task Near $4.8
EOS price extended its decline and traded below $4.00 against the US Dollar. The price is now trading well below $4.80 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $5.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could recover higher if there is a clear break above the $4.50 and $4.80 resistance levels. EOS price is trading in a bearish zone below $5.00 against the US...
Read More »Litecoin (LTC) Price Analysis: Recovery Possible Above $175
Litecoin price declined heavily below $180 and tested $145 against the US Dollar. LTC price is now trading below $170 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $164 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must move above the $175 resistance to start a decent recovery in the near term. Litecoin price is recovering losses from $145 against the US Dollar, similar to...
Read More »Christine Lagarde Is Not a Big Fan of Digital Currencies
Christine Lagarde – the president of the European Central Bank – has issued a warning about cryptocurrencies like bitcoin and Ethereum, calling them highly speculative and saying that they are “suspicious.” Lagarde: Crypto Is NOT Cash! Bitcoin and digital assets have shot up like crazy over the past year. The idea is that these assets are becoming hedge tools against inflation and other economic problems caused by the current presidential administration and ongoing...
Read More »Tron (TRX) Price Analysis: Bears In Control Below $0.10
Tron price started a fresh decline from the $0.1200 resistance against the US Dollar. TRX price is now trading below $0.1000 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.1150 on the 4-hours chart (data feed via Bitfinex). The pair could accelerate lower if there is a clear break below the $0.8200 support zone. TRON price failed to continue higher above $0.1200 against the US Dollar, similar to...
Read More »