Bitcoin price corrected lower recently and tested the $4,920 support area against the US Dollar. The price recovered nicely recently and traded above the $5,040 and $5,100 resistance levels. There is a major breakout pattern in place with resistance at $5,130 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
Ripple price declined heavily after it broke the key $0.3500 support area against the US dollar. The price broke many supports on the way down such as $0.3440, $0.3350 and even $0.3250. There is a short term bearish trend line formed with resistance near $0.3260 on the hourly chart of the XRP/USD pair (data source…
ETH price extended losses and traded below the $170 support level against the US Dollar. Sellers gained momentum and pushed the price towards the $160 support level. There is a key bearish trend line in place with resistance at $164 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to…
Tron prices down 12.7 percent Tron dApps activity high Gambling and related betting dApps are driving blockchain and crypto adoption according to a report by dApp tracker. Although most dApps do launch from Ethereum, activity is visible in Tron and EOS. Regardless, TRX is down 10.6 percent after gapping down in the Asian session. Tron…
Bitcoin prices accumulate above $5,100 Transparency translating to confidence, Bitcoin on the path to $50,000 The transparent nature and increasing oversight on Bitcoin-related transactions mean it hard to launder money via the network. That’s unlike traditional systems where banks now have to fire employees and shoulder heavy fines after flouting AML and KYC rules. It…
Litecoin prices drop 10 percent CoinBase teaming with Visa will drive adoption Not only is CoinBase aggressively listing digital assets and departing from their cautious approach, but they are also busy partnering, opening doors allowing their users to spend their Litecoin balances thanks to their collaboration with Visa. Meanwhile, prices are dropping and may retest…
Bitcoin price climbed further higher and broke the $5,400 resistance level against the US Dollar. The price traded to a new multi-month high at $5,461 before correcting lower sharply. This week’s followed important ascending channel was breached with support at $5,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair…
The total crypto market cap failed again to clear the $178.5B resistance and declined recently. Binance coin (BNB) price is down around 4% and it could test the $17.40 support level. Litecoin (LTC) price is slowly moving lower and it may revisit the $82 support area. Bitcoin cash price retreated from the $300 resistance and…
Ripple price seems to be struggling near the $0.3600 and $0.3700 resistance levels against the US dollar. The price is likely to break the $0.3480 support area and decline further in the near term. There is a key bearish trend line formed with resistance near $0.3600 on the hourly chart of the XRP/USD pair (data…
Bitcoin price is slowly moving higher towards the $5,300 and $5,360 resistances against the US Dollar. The price is placed nicely in an uptrend and it could gain strength above $5,360. Yesterday’s highlighted significant ascending channel is intact with support at $5,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…