XRP price is gaining pace above the $0.505 support against the US dollar. The price is now trading above $0.512 and the 55 simple moving average (4 hours). There is a key rising channel forming with resistance near $0.5350 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above $0.500. XRP price is rising above $0.505 against the US Dollar, like Bitcoin. The price must stay above $0.500 to continue...
Read More »Bitcoin Cash Analysis: Indicators Suggest Fresh Increase To $250
Bitcoin cash is eyeing a fresh increase above the $235 resistance against the US Dollar. The price is now trading above the $220 zone and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $222 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $235 and $242 to start a fresh increase in the near term. Bitcoin cash price is consolidating gains above $220 against the US Dollar,...
Read More »EOS Price Analysis: Risk of Downside Thrust Toward $0.50 Still Exist
EOS price remained in a bearish zone and declined below the $0.550 zone against the US Dollar. The price is now trading below $0.545 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.5475 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.525 and $0.520 resistance levels. EOS price is struggling below $0.540 against the US...
Read More »Litecoin (LTC) Price Analysis: Bulls Lose Control As Bears Aim For $50
Litecoin started a fresh decline from the $66.50 resistance zone against the US Dollar. LTC price is now trading below $62.50 and the 55 simple moving average (4 hours). There was a break below a key rising channel with support near $62.20 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless there is a recovery wave above $62.00. Litecoin price is struggling below $62.50 against the US Dollar, like Bitcoin....
Read More »Solana (SOL) Price Analysis: More Gains Possible Above $25
Solana price started a decent increase above the $22.40 resistance against the US Dollar. The price is now trading above $23.50 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $23.20 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $24.40 and $25.00 to continue higher in the near term. Solana price is trading in a positive zone above $23.50 against the US...
Read More »Coinbase Takes Measures to Boost Liquidity, Suspends 80 Non-USD Trading Pairs
Coinbase noted that the recent action is part of its efforts to enhance overall market health and consolidate liquidity. One of the world’s largest crypto exchanges Coinbase Global Inc (NASDAQ: COIN) has been taking measures in order to boost liquidity on the platform. As a result of this, Coinbase has suspended a total of 80 non-USD trading pairs. This includes cryptocurrencies like Bitcoin, stablecoins, and fiat currencies like Euro. Coinbase recently announced the removal of several...
Read More »Cardano (ADA) Price Analysis: This Support Might Trigger Bullish Wave
ADA price is attempting a fresh increase above the $0.250 zone against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $0.2485 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.2550 and $0.2580 levels. Cardano price is holding the $0.250 support against the US Dollar, like Bitcoin. ADA price could gain...
Read More »Ethereum Price Analysis: ETH Eyes Fresh Increase To $1,750
Ethereum price is eyeing an upside break above the $1,640 resistance against the US Dollar. ETH price is now trading above $1,575 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $1,560 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,560 support zone. Ethereum price is consolidating above the $1,560 level against the US Dollar. ETH/USD could rise...
Read More »Stellar Lumen (XLM) Price Aims Fresh Rally If It Clears This Hurdle
Stellar lumen price is attempting a fresh increase from the $0.1020 zone against the US Dollar. XLM price is now trading above $0.1050 and the 55 simple moving average (4 hours). There was a break above a connecting bearish trend line with resistance near $0.1048 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1106 resistance zone. Stellar lumen price is trading above $0.1050 against the US...
Read More »XRP Price Analysis: XRP Turns At Risk Below $0.50
XRP price started a fresh decline below the $0.520 zone against the US dollar. The price is now trading below $0.50 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.492 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.472 support zone. XRP price is struggling below $0.50 against the US Dollar, like Bitcoin. The price could decline...
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