Stellar lumen price is struggling below the $0.120 resistance zone against the US Dollar. XLM price is now trading below $0.1185 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.1182 on the 4-hour chart (data feed via Kraken). The pair could start a fresh increase if it clears the $0.125 resistance. Stellar lumen price is trading below $0.120 against the US Dollar, like Bitcoin. XLM price could extend...
Read More »Ripple Price Analysis: Dips Could Be Limited Below $0.4750
Ripple price started a downside correction from the $0.5080 zone against the US dollar. The price is now trading above $0.490 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $0.4960 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase unless there is a close below $0.4750. Ripple price is consolidating near $0.490 against the US Dollar, similar to...
Read More »Litecoin Finishes Its 3rd Major Halving
Litecoin – an asset that derived from bitcoin, the world’s number one digital currency by market cap – has undergone its third halving, and analysts are emerging left and right to comment on the results. Litecoin Remains a Dominant Force in Crypto Litecoin is one of the oldest digital assets around. At roughly 12 years of age, it’s almost as old as bitcoin and dates Ethereum by about four years. As bitcoin is often referred to as “digital gold,” Litecoin has...
Read More »Bitcoin Cash Analysis: Rally Gains Pace Above $210
Bitcoin cash started a strong increase above the $200 and $210 levels against the US Dollar. The price is now trading above the $210 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $190 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $225 and $232 to continue higher in the near term. Bitcoin cash price is climbing above $210 against the US Dollar, like...
Read More »New Bitcoin Ordinals Non-Profit is Underway
The team behind Bitcoin Ordinals (a new string of non-fungible tokens or NFTs) said in a recent interview they have created a new non-profit organization designed to support further inscriptions and NFT developments on the bitcoin blockchain. Thus far, the team has created roughly 21 million inscriptions. Bitcoin Ordinals Non-Profit Group is Coming While NFTs may not be anything new at this stage, the idea of NFTs being on the bitcoin blockchain is. Up to this...
Read More »Circle Partners with Grab to Pilot Web3 Experience
Circle co-founder and CEO Jeremy Allaire expressed delight at seeing major Web2 companies integrating blockchain technology. USDC issuer Circle has announced its partnership with Southeast Asian technology startup Grab to pilot Web3 customer experiences in Singapore. Established in 2012 as MyTeksi, Grab app is a multinational technology company that operates from out of Singapore and serves the entire South Eastern region. The company has a super-app that allows ride-hailing, door-to-door...
Read More »EOS Price Analysis: Bears In Control Below $0.60
EOS price started a fresh decline below the $0.580 zone against the US Dollar. The price is now trading below $0.580 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.5600 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 $0.585 and $0.600 resistance levels. EOS price is struggling below $0.580 against the US Dollar, unlike Bitcoin....
Read More »Litecoin (LTC) Price Analysis: Bulls Aim Rally Above This Hurdle
Litecoin is slowly moving higher from the $57.50 support against the US Dollar. LTC price is now trading above $60 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $60.80 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $64.20 and $65.80 resistance levels. Litecoin price is recovering from the $57.50 zone against the US Dollar,...
Read More »Solana (SOL) Price Analysis: Risk of Another Drop To $16
Solana price gained bearish momentum below the $20.00 level against the US Dollar. The price is now trading below $20 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $18.50 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair could recover, but the upsides might be limited above the $20 resistance. Solana price is trading in a bearish zone below $20 against the US Dollar, similar to...
Read More »Cardano (ADA) Price Analysis: Support Turned Resistance At $0.255
ADA price is trading in a bearish zone below the $0.255 support zone against the US Dollar. The price is now trading below $0.250 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.2485 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.255 resistance zone. Cardano price is struggling below $0.255 against the US Dollar, similar to Bitcoin. ADA price...
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