EOS price started a downside correction from the $0.810 zone against the US Dollar. The price is now trading below $0.7650 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support near $0.752 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.780 and $0.800 resistance levels. EOS price is declining below $0.780 against the US Dollar, like...
Read More »Litecoin (LTC) Price Analysis: Bulls Protect Key Support At $68
Litecoin started a downside correction from the $77.00 zone against the US Dollar. LTC price is now trading below $70 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $69.65 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $67.20 support. Litecoin price is correcting gains from $77.00 against the US Dollar, like Bitcoin. LTC price...
Read More »SOL Price Analysis: Solana Could Gain Momentum Above $105
Solana price started a fresh increase from the $88.00 zone against the US Dollar. The price is now trading above $95.00 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance at $104.00 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $104 and $105 to continue higher in the near term. Solana price is trading above $95 against the US Dollar, like Bitcoin. SOL could start a strong...
Read More »Morgan Stanley: Bitcoin and CBDCs Threaten US Dollar’s Dominance as Global Currency
The report states that an increase in the adoption and use cases of Bitcoin and CBDCs could weaken the strength of the US dollar. Andrew Peel, the Head of Digital Assets at financial services giant Morgan Stanley (NYSE: MS), has warned that the use of cryptocurrencies like Bitcoin could negatively impact the US dollar. Peel said a potential paradigm shift in the way people view and interact with digital assets, including CBDCs (Central Bank Digital Currencies), could weaken the US dollar’s...
Read More »Pro-Crypto Republican Vivek Ramaswamy Ends Presidential Bid in US
Ramaswamy’s departure from the presidential race leaves a void in terms of a candidate explicitly championing pro-crypto policies. Pro-crypto Republican candidate Vivek Ramaswamy has officially withdrawn from the United States presidential race, marking the end of his nearly year-long campaign. Ramaswamy, who gained attention for his outspoken stance on cryptocurrency and blockchain technology, announced at a press conference in Des Moines, Iowa. Despite his efforts to bring a pro-crypto...
Read More »Solana Mobile Preparing Lower-Cost Crypto Smartphone Successor to Saga
Solana Mobile plans to significantly reduce the price to make the smartphone more competitive and affordable compared to Saga. Solana Mobile made a big impact last year when it introduced Saga, a smartphone designed specifically for cryptocurrency enthusiasts. The phone stood out because it had a built-in hardware wallet and supported decentralized apps. It was a success, and now Solana Mobile is working on a new, more affordable smartphone to attract a wider audience. According to a...
Read More »Cardano (ADA) Price Analysis: Risk of Bearish Break Below $0.525
ADA price started a downside correction from the $0.620 zone against the US Dollar. The price is now trading below $0.55 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.5420 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.550 and $0.565 resistance levels. Cardano’s price is consolidating above $0.525 against the US Dollar, like Bitcoin. ADA...
Read More »Ethereum Price Analysis: ETH Eyes Fresh Rally Above $2,600
Ethereum price started a downside correction from the $2,720 resistance against the US Dollar. ETH price is now trading above $2,450 and the 55 simple moving average (4 hours). There is a key declining channel forming with support at $2,420 on the 4-hour chart (data feed from Coinbase). The pair could start a fresh increase if it clears the $2,560 resistance zone. Ethereum price is declining below $2,600 against the US Dollar. ETH/USD remains at a risk of more...
Read More »Celestia’s Native Token TIA Crosses $20, Reaches New All-Time High
Besides being in the top 40 tokens in terms of market cap, TIA is also listed on CoinGecko’s trending tokens list. 2024 has started off on a positive note for the crypto market. Besides the Bitcoin ETF and the air of excitement that it has created, several altcoins are seeing positive price movement. Along with more optimism from investors, many of these projects offer new and exciting uses for crypto and blockchain. One example of this is TIA, the native token of Celestia. TIA has just...
Read More »SUI Price Jumps 78% to New ATH in One Week
SUI has demonstrated an impressive surge over the last couple of days, taking the token’s price to a new ATH. The price of SUI, currently the 50th largest cryptocurrency by market capitalization according to CoinMarketCap data, hit a new all-time high (ATH). SUI rose to $1.43, the highest price since May 2023, shortly after the network’s launch. The platform’s market cap is now at $1.54 billion. SUI seems to be on an impressive bull run, climbing more than 10% in the last 24 hours, and...
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