A string of back-to-back upside rejections at a local top is putting Ethereum at risk of correcting lower towards $350. Looking at ETH/USD 1H chart shows the pair attempting to close above $384, a resistance target that had held through extreme bullish biases in the past. It continues to defend bears as Ethereum traders repeatedly…
Bitcoin price today smashed back above $11,000 and is attempting to hold currently. The incredibly bullish price action following a retest of resistance turned support could have given bulls the confidence to push the crypto asset’s price much higher. But as bullish momentum builds in Bitcoin, altcoins have turned bearish. According to one crypto analyst,…
Bitcoin is surging but the rest of the crypto space isn’t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What’s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here’s the good, the…
Ripple blockchain’s native token XRP is up more than 25 percent so far into 2020. Nevertheless, the fourth-largest cryptocurrency is still looking to pare those gains, according to a string of bearish indicators brought forward by a TradingView.com analyst. The US-based chartist pitted XRP/USD against three technically bearish setups. They included a long-term Moving Average…
All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the “meme” downtrend line and the critical level of $10,000. The asset thus far has held strong, confirming both former resistance levels as support. But at the same time, the leading cryptocurrency by market cap may have also…
It appears that crypto bulls are back in full force: Ethereum and Bitcoin have pressed 4-5% over the past hour and altcoins have done even better, bouncing swiftly from the weekend lows. One coin, in particular, has stood out: Wrapped NXM (WNXM) or NXM, an Ethereum-based coin for the Nexus Mutual protocol that has gained…
If Bitcoin reacts to the recent substantial printing of more Tether stablecoins the same as it has in the past, we may finally have a catalyst for the crypto asset retesting its former all-time high. According to an ongoing correlation that suggests Bitcoin pumps with each new chapter of the Tether saga, the leading cryptocurrency…
At the turn of tonight’s weekly close, Bitcoin will have reached 144 weeks from the asset’s all-time high at $20,000. On this crucial date, Bitcoin price is currently trading at roughly 50% from the high. But it could be the last time the asset is priced any lower, according to the previous bull market and…
Earlier this week, Ethereum plunged as low as $310-315 as legacy markets tumbled, dragging crypto lower. The cryptocurrency has since undergone an extremely strong bounce, recovering 25% to the $389 level where ETH sits at now. Analysts are eyeing $392 as a level for the cryptocurrency. One says that if that level is confirmed as…
Ethereum’s DeFi darling, Yearn.finance (YFI), has surged 15% in the past 24 hours as buyers finally step in. This comes after the coin corrected 50% in the span of a week due to weakness in Bitcoin and Ethereum. The coin just reached a new all-time high just shy of $44,000 and now trades at $43,600.…