Popular cryptocurrency analyst Michaël van de Poppe the prices of both $XRP and Litecoin ($LTC) will break out and embark on a ‘big run’ upward once the value of the U.S. dollar, measured against a basket of foreign currencies, starts dropping. Responding to some of his followers’ requests,...
The overall cryptocurrency market underwent a massive price correction phase as the market stood at the $1.81T mark. According to CoinMarketCap, the market suffered a 4.2% setback, and Bitcoin and Ethereum alone fell by around 5% and 4%, respectively. But, one coin showcased some vitals despite the overall decline following a bullish adoption development.
NEAR price trades lower as the fresh trading week begins. The price opened higher but failed to hold the sentiment as retraced lower. However, in the late U.S session, the price moved above $15.0 after a brief stint near $14.66. NEAR price continues to slide inside a short-term trading range. A daily close below $14.50 will set the base for a new directional setup. The bearish RSI divergence skewed in favor of the bears.
Cardano (ADA) has seen a healthy correction after a nearly 60% surge from its mid-March lows. On the dip, the 50 EMA (cyan) posed some hurdles. But the sellers were adamant to pull the price down towards the lower band of the Bollinger Bands (BB). On the downside, it is doubtful whether ADA would be able to sustain another bull run without a possible retracement. At press time, ADA traded at $0.901, down by 5.33% over the last day.
The meme-inspired cryptocurrency Shiba Inu ($SHIB) has become Ethereum whales’ top token holding after surpassing FTX’s $FTT token and leading stablecoin USDT among the network’s largest whales. According to on-chain large balance tracking platform WhaleStats, Shiba Inu recently surpassed FTX’s token, and has been above the native tokens...
Terra Rallies Despite Crypto Market Downturn Source link
Tron (TRX) was back to registering declines after the 61.8% Fibonacci resistance triggered a 25% plunge in value over the last three weeks. This fall matched its monthly low while losing its vital three-month trendline support. A close above its Point of Control (POC) could create room for compression in the $0.06 zone, while the 23.6% level stands sturdy. At press time, TRX was trading at $0.05982, down by 4.3% in the last 24 hours.
Crypto platform WonderFi Technology said on Monday it had agreed to buy Coinberry, one of Canada’s biggest crypto platforms. The move marks another step in WonderFi’s attempt to consolidate Canada’s crypto majors. WonderFi, which is backed by celebrity investor Kevin O’Leary, will pay about $38.6 million in stock for the platform, Bloomberg reported. Coinberry is among the six crypto trading platforms authorized by security regulators to operate in the Canada’s most populous province, Ontario. The deal, if approved, would give...
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