Ethereum’s price has shown signs of recovery as it managed to break above the crucial $2,350 resistance level. This upward movement has sparked hope among investors that ETH could potentially gain bullish momentum in the near future. However, the journey ahead is still uncertain as the cryptocurrency market remains highly volatile. As per the hourly
Analysis
Despite the recent significant price decline of XRP in the wider crypto market, on-chain transaction data indicates that large holders, or ‘whales,’ are taking advantage of the lower prices to accumulate more tokens on various exchanges. Recent data from the whale transaction tracker Whale Alerts reveals an intriguing accumulation pattern among XRP holders. Within the
Uniswap (UNI) has recently experienced a 13% rebound, pushing its price above the critical $5.6 level. This rebound has sparked optimism among investors and traders as they wonder whether the bulls can sustain this momentum and drive the price even higher. At the time of writing, UNI is trading at around $5.77 with a market
Aayush Jindal’s journey in the financial markets began at a young age when he exhibited a natural aptitude for deciphering complex systems and unraveling patterns. His insatiable curiosity for understanding market dynamics led him on a path towards becoming an esteemed authority in the fields of Forex and cryptocurrency trading. With over 15 years of
Recently, the price of Bitcoin took a significant hit, dropping below the $50,000 mark causing panic among investors. However, a recovery wave has been observed with Bitcoin now back above $55,000. Despite this positive movement, the cryptocurrency is facing several hurdles near the $58,000 zone. Bitcoin has managed to start a recovery wave above key
Recently, the price of Bitcoin has experienced a significant decline, dropping below the crucial $55,000 support zone. This sharp downturn has seen Bitcoin lose over 15% of its value, sparking concerns among investors and traders. The downward trend started when Bitcoin failed to maintain support levels at $56,500 and $55,000, leading to a bearish momentum
Aayush Jindal is a prominent figure in the world of financial markets, with a career that spans over 15 years in Forex and cryptocurrency trading. His journey to success began at a young age, where he displayed a natural talent for unraveling complex systems and patterns. Aayush’s insatiable curiosity for understanding market dynamics led him
The Ethereum price recently experienced a significant nosedive after failing to maintain its position above the $3,000 mark. This decline has left ETH down over 20%, forcing it to try to regain ground from the $2,000 zone. The downward trend began when Ethereum broke crucial support levels such as $2,800 and $2,650, signaling trouble ahead
Chainlink (LINK) is currently facing increased bearish pressure in the decentralized finance space, as key technical indicators are signaling the potential for further losses. This article provides an in-depth analysis of the current market sentiment around Chainlink, examining critical support levels and implications for LINK’s price stability. As of the time of writing, LINK had
Bitcoin has been facing a tough time in the market, with the price extending losses and testing the $65,500 support zone. Despite attempting a recovery wave, the cryptocurrency is still trading below $68,000 and the 100 hourly Simple moving average. A connecting bearish trend line forming with resistance at $66,400 on the hourly chart of