Aside from Bitcoin, Cardano (ADA) has rapidly become one of the most popular cryptocurrencies over recent weeks by investors and traders alike.The prominent altcoin, which has re-entered the top-10, has recently been subject to a strong boost. Data indicates that ADA is up 150% since the start of 2020, outpacing Bitcoin by around five times…
Ethereum has been consolidating over the past few days within the $220 region.Although on the surface its price structure seems similar to that of Bitcoin and its peers, it is important to note that it is currently stuck beneath its long-held trading range between $230 and $250.Its sustained bout of trading below this range is…
VeChain (VET) hit a year-to-date high (YTD) during the Friday trading session.The 24th largest blockchain asset rose 8.57 percent to 114 sats, bringing its YTD gains up by more than 85 percent.Nevertheless, the VET/BTC uptrend is showing signs of cooling off, albeit holding a string of dependable support levels underneath.VeChain’s crypto token VET rose 8.57…
Bitcoin plunged back towards $9,000 despite showing signs of upside correction in the early Friday session.The latest price correction coincided with the Federal Reserve’s balance sheet contraction that strengthened the US dollar.S&P 500 remained closed on Friday for the Independence Day holiday.The past 24 hours saw Bitcoin breaking its short-term positive correlation with the S&P…
Bitcoin was rejected once again near the $9,300 resistance against the US Dollar. BTC is currently recovering, but it remains at a risk of more downsides below $9,000.Bitcoin topped near $9,302 and declined more than $300 in the past few hours.The price is now trading well below $9,200 and the 100 hourly simple moving average.There…
Despite seeing a swift rebound, Bitcoin bears were able to push the cryptocurrency below its crucial $9,000 support just minutes ago.This breakdown has come about following a recent rejection posted by the crypto at $9,300, which appears to have become a resistance level.The latest decline below $9,000 indicates that the buying pressure that has been…
Ethereum is holding strong above the $225 support level against the US Dollar. ETH is slowly rising and it is likely to continue higher towards $235 and $240.Ethereum is following a bullish path and it recently spiked above the $230 resistance level.The price could correct a few points, but the $228 and $225 levels are…
Ripple is currently consolidating above the $0.1720 support against the US Dollar. XRP price seems to be preparing for a bullish break above the $0.1800 resistance region.Ripple price is facing a couple of important hurdles near the $0.1780 and $0.1800 levels against the US dollar.The price is trading well below the 100 simple moving average…
Bitcoin is slowly moving higher and it recently tested $9,300 against the US Dollar. BTC is now trading well above the 100 hourly SMA, and it is likely to surge above $9,300.Bitcoin is showing a few positive signs above the $9,200 and $9,150 levels.The price revisited the $9,300 resistance and it is now trading well…
Ethereum is currently on the cusp of breaking back into its long-established trading range between $230 and $250.A recent influx of selling pressure experienced by the cryptocurrency forced its price to break below the lower boundary of this trading range for an extended period of time, with ETH even testing its crucial support at $220…