ADA price started a fresh increase after it tested the $1.10 support zone against the US Dollar. The price is still trading well below $1.75 zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.48 on the 4-hours chart (data feed via Bitfinex). The price could correct further lower, but the bulls are likely to remain active near $1.400 and $1.350. Cardano price is facing a major barrier near the $1.700...
Read More »Ethereum Price Analysis: ETH is Facing Uphill Task Near $3K
Ethereum price declined below $2,000 before starting an upside correction against the US Dollar. ETH price is still below $3,500 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $3,000 on the 4-hours chart (data feed from Coinbase). The pair must clear the main $3,000 resistance to start a fresh increase in the near term. Ethereum price started an upside correction from the $1,750 zone against the US Dollar....
Read More »Litecoin (LTC) Price Analysis: Bulls Facing Uphill Task Near $220
Litecoin price declined sharply below $350 and $300 against the US Dollar. LTC price is now trading well below the $250 level and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $255 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is correcting losses, but it is likely to face sellers near $220 and $250. Litecoin price is correcting losses from the $145 support zone against the US...
Read More »Ethereum Price Analysis: ETH Dives Further, $3K Holds The Key
Ethereum price started a fresh decline from well above $3,500 against the US Dollar. ETH price is currently trading well below $3,500 and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $3,600 on the 4-hours chart (data feed from Coinbase). The pair must stay above $3,000 to start a fresh increase in the coming sessions. Ethereum price extended its decline below $3,500 against the US Dollar. ETH/USD is approaching...
Read More »New York Family Makes Millions Thanks to Shiba Inu Coin
You know a cryptocurrency has reached a whole new pinnacle when it features its own hard fork or spin-off coin. In bitcoin’s case, there are several assets that stem from its technology such as Bitcoin SV (BSV), bitcoin cash (BCH) and Litecoin (LTC). Now, it looks like Dogecoin – a cryptocurrency that was never designed to be taken seriously – has its own alternate currency known as Shiba Inu coin, and some people have already become millionaires thanks to early...
Read More »Coinbase Customers Can Soon Buy and Sell Dogecoin
Customers of Coinbase – one of the largest cryptocurrency exchanges in the world – are about to get a big surprise if they are Dogecoin fans. The asset – which has recently become the fourth largest cryptocurrency by market cap – will now be supported by the San Francisco-based trading platform, meaning clients can buy, sell, and trade the currency granted they have supported payment methods attached to their accounts. Coinbase Is Going to Support Dogecoin Dogecoin has...
Read More »Stellar Lumen (XLM) Price Stable Above $0.60, More Gains Possible
Stellar lumen price corrected lower from the $0.8000 resistance zone against the US Dollar. XLM price is now trading just below $0.6800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.6200 on the 4-hours chart (data feed via Kraken). The pair is likely to accelerate higher above the $0.6850 and $0.7100 resistance levels. Stellar lumen price is holding ground above $0.6000 against the US Dollar, similar to...
Read More »Ripple Price Analysis: Bulls Aim Fresh Rally Above $1.60
Ripple price is holding ground above the $1.22 support zone against the US dollar. The price is now consolidating above $1.45 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near the $1.5500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.55 and $1.60. Ripple price is trading nicely above the $1.40 support against the US...
Read More »Elon Musk Manages to Send Dogecoin Up Again
It is hard to understand Elon Musk at times. There are moments when he appears to be quite clear regarding cryptocurrency, and other days when he seems to be way off the mark. Either he does not fully understand the influence he has on the space, or he does and says certain things knowing they will have certain impacts. Either way, he has now sent Dogecoin through the roof again with his latest words following the rough week it has had. Elon Musk and Dogecoin Are Mixing...
Read More »Dogecoin Has Fallen, but People Still Love It
In the cryptocurrency space, it is usually considerably easier to focus on the negative than it is to look at the positive. As of late, Dogecoin is enduring some heavy suffering, with the fourth largest cryptocurrency by market cap falling as much as 20 percent in recent days, so for the most part, we are likely to see a lot of news coverage about this drop. Dogecoin Is Still a Beloved Asset However, despite this little setback, there is nothing to suggest that the...
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