The XRP price is currently experiencing a correction from the $0.570 resistance level, as it stabilizes above the $0.5240 support. This correction comes after a recent increase that saw the price climb above the $0.550 resistance level. The price is currently above $0.5250 and the 100 simple moving average (4 hours), indicating a positive trend
Analysis
Ethereum price has shown signs of recovery as it broke above the $3,120 zone. However, the bulls were unable to push the price past the $3,220 resistance level, resulting in a slight pullback. The price is now hovering below $3,120 and the 100-hourly Simple Moving Average, indicating possible consolidation in the short term. Bearish Trend
Bitcoin has seen a significant increase in price, surpassing the $64,000 resistance level. It is currently holding above $62,800 and showing potential for further upside movement. Despite reaching a weekly high of $65,500, there was a subsequent correction in price. Bitcoin is currently trading above $63,500 and the 100 hourly Simple moving average. There is
The recent transaction involving PEPE, the third-largest meme coin by market cap, has caused a stir in the crypto community. The transaction in question was made by a crypto whale who purchased 1.238 trillion PEPE from Binance at an average price of $0.000008424, amounting to $10.4 million. Following the purchase, the whale withdrew the tokens
The AVAX price has been showing a positive momentum recently, gaining pace above the $36.50 resistance level. The current movement of AVAX is indicating a potential rise if there is a clear move above the $40.00 resistance zone. The price of AVAX has been moving higher from the $30.50 support zone against the US dollar.
After experiencing a downtrend, Ethereum price has started to show signs of recovery as it crossed above the $3,000 zone. Currently, ETH is trading above the 100-hourly simple moving average, indicating a positive upward movement. However, there are still hurdles that the cryptocurrency needs to overcome in order to sustain this recovery. Bullish Momentum Ethereum
As the cryptocurrency market faces turbulence, XRP stands out as a token that is holding its ground. Despite experiencing a price dip, on-chain data indicates some intriguing trends that could offer hope to XRP investors. A notable development is the increase in the number of investors holding between a thousand and 1 million XRP tokens
In the first quarter of 2024, the Polkadot (DOT) blockchain protocol showed significant progress in terms of market capitalization and revenue. Despite experiencing an 80% dip below its all-time high of $55.5 billion, Polkadot’s market capitalization saw a notable 16% quarter-on-quarter (QoQ) increase, reaching $12.7 billion. This positive trajectory was accompanied by a 2,880% QoQ
Ethereum has recently experienced a recovery wave after finding support at $2,820. The price is currently facing a major hurdle near the 100-hourly simple moving average. Despite the positive movement, Ethereum is still trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at
On-chain data recently revealed that Ripple has conducted its monthly escrow unlock for May. This news has sparked concerns among investors regarding how this action could potentially impact the price of XRP, especially given the accusations of price manipulation that Ripple has faced. In May, 500 million XRP tokens were unlocked from Ripple’s escrow, which