Crypto EcoBlog
Tron price traded to a new 2020 high at $0.0268 before correcting gains against the US Dollar.TRX price declined below the $0.0235 support and recently tested $0.0200.There was a break below a key bullish trend line with support near $0.0225 on the 4-hours chart (data feed via Bitfinex).The price is currently rising, but it is likely to face a strong resistance near $0.0235.TRON price is likely to resume its upward move against the US Dollar, similar to bitcoin. However, TRX price must clear...
Read More »Ethereum Price Analysis: ETH Bulls Eyeing Crucial Break Above $300
Ethereum price corrected lower below $260 and $250 against the US Dollar.ETH price found support near the $236 level and it recently bounced back above $265.There is a major bullish trend line forming with support near $248 on the 4-hours chart (data feed from Coinbase).The price is likely to continue higher if it clears the $274 resistance area.Ethereum price is showing many bullish signs above $250 against the US Dollar. ETH/USD might aim a key upside break above the $300 resistance in the...
Read More »Coinbase Allows Retail Players to Accept Dai As a Means of Payment
Coinbase is looking to make it easier for retail merchants to accept cryptocurrencies as means of payment.Coinbase and Dai Working to Bring Retail ChangeThis week, the company announced that it had integrated Dai – a cryptocurrency released by Maker DAO – into its Coinbase Commerce retail merchants’ division, so that stores and similar business establishments could accept Dai in the future as payment for goods and services. Companies on platforms like Shopify and WooCommerce are now eligible...
Read More »IOTA Wallet Attack Results in $1.6 Million in Stolen Funds
It’s happened again, folks. Another cryptocurrency hack is in the books, and this time, the victim is IOTA, the 23rd largest cryptocurrency by market cap.The IOTA Foundation Is Working to Stop HackersThe IOTA Foundation has decided to shut down its entire network (albeit temporarily) following a simple wallet hack in which attackers walked off with millions in crypto funds. The event is reported to have occurred last Wednesday on February 12. On Twitter, the Foundation released the following...
Read More »Stellar Lumen (XLM) Price Nosedives Below $0.075, More Losses Possible
Stellar lumen price topped near the $0.0888 area and declined heavily against the US Dollar.XLM price broke a few key supports near $0.0800 to enter a bearish zone.There was a break below a major bullish trend line with support near $0.0752 on the 4-hours chart (data feed via Kraken).The pair even broke the $0.0700 support area and it is currently consolidating losses.Stellar lumen price is trading in a bearish zone against the US Dollar and bitcoin. XLM could continue to move down if it...
Read More »Ripple Price Analysis: XRP Starts Strong Corrective Decrease Below $0.30
Ripple price topped near the $0.3480 area and started a strong decline against the US dollar.The price is down more than 15% and broke the $0.3000 support area.There was a break below a key bullish trend line with support near $0.2885 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair tested the $0.2680 support area and it is now showing a few bearish signs.Ripple price started a strong bearish wave from well above $0.3400 against the US Dollar. XRP price is now...
Read More »Bitcoin Cash Analysis: Can The Bulls Overcome $500?
Bitcoin cash price rallied above the $440 and $450 resistance levels against the US Dollar.The price traded as high as $487 and it is currently consolidating gains.There is a key rising channel forming with support near $460 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could continue to rise above $485 and $490 in the coming sessions.Bitcoin cash price is trading in a strong uptrend above the $450 level against the US Dollar. BCH/USD must stay above $450 to...
Read More »Is Libra Responsible for Bitcoin’s Latest Price Boost?
As we’ve all seen over the past month or two, bitcoin has completely revamped itself and is now trading for well above the $10,000 range. Many people attribute this spike to many things, but one individual believes hype surrounding Libra has a lot to do with bitcoin’s recent good fortune.Libra Could Be Behind Bitcoin’s Sudden SurgeTo be completely fair, it’s not necessarily Libra itself, but rather words regarding Libra that have led to bitcoin’s growth. Vijay Ayyar – head of business...
Read More »EOS Price Analysis: Rally Could Extent To $7.00 or $7.50
EOS price is surging higher and it broke the $5.000 resistance level against the US Dollar.The price traded to a new 2020 high at $5.517 and it is currently consolidating gains.There is a major bullish trend line forming with support near $5.100 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to continue higher towards the $6.000 and $6.500 resistance levels.EOS price is gaining bullish momentum above the $5.000 resistance against the US Dollar, similar...
Read More »Litecoin (LTC) Price Analysis: Larger Rally To $100 Seems Possible
Litecoin price is climbing higher and it recently climbed above the $80.00 resistance against the US Dollar.LTC price traded to a new 2020 high at $84.51 and it currently consolidating gains.There was a break above a major ascending channel with resistance near $80.70 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to continue higher above the $85.00 and $88.00 resistance levels in the near term.Litecoin price is gaining momentum above $80.00 against the...
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