A panel of crypto industry experts “sees a fairly bright future ahead” for Binance coin, predicting bnb to rise to $781 by 2025 and $1,814 by the end of 2030. One expert explained that “Since the bnb chain ecosystem continues to grow, the price may reach as high as $3,000 in 2030.” BNB’s Price Predictions […]
Almost half of the buyers of Hirst’s “The Currency” collection wanted to keep the NFT version.
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A crypto winter has come. With BitCoin (BTC) falling over 70% from its all time high along with Ethereum, and a steady drumbeat of news involving crypto-related funds, companies, and projects collapsing, it is clear that the last round of cryptomania has come to a close. Even juggernauts of GameFi such as Axie Infinity (and […]
The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets.
Ethereum started a strong increase above the $1,600 level against the US Dollar. ETH is up over 15% and might even clear the $1,700 resistance zone. Ethereum started a major increase above the $1,550 and $1,600 levels. The price is now trading above $1,600 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $1,675 level. Ethereum Price Jumps Above $1,600 Ethereum formed a base above the $1,400 level and started a major increase. ETH was able to clear a few key hurdles near the $1,500 and $1,550 levels. The price jumped over 15% and even surpassed the $1,600 level. There was a break above a key bearish trend line with resistance near $1,450 on the hourly chart of ETH/USD. The pair climbed sharply and surpassed the 76.4% Fib retracement level of the downward move from the $1,663 swing high to $1,357 low. It even broke the $1,650 level and now trading near the $1,660 zone. Ether price is now trading above $1,600 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,675 level. The first major resistance is near the $1,700 zone. Source: ETHUSD on TradingView.com The main resistance is now forming near the $1,735 zone. It is near the 1.236 Fib extension level of the downward move from the $1,663 swing high to $1,357 low. A clear move above the $1,735 level could push the price further higher. In the stated case, the price may perhaps rise towards the $1,800 resistance zone. Dips Supported in ETH? If ethereum fails to rise above the $1,675 resistance, it could start a downside correction. An initial support on the downside is near the $1,620 zone. A clear move below the $1,620 support might spark a move towards the $1,580 level. Any more losses might even push the price to the $1,510 support or even the 100 hourly simple moving average in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now in the overbought zone. Major Support Level – $1,620 Major Resistance Level – $1,675
Chainlink was bearish on its chart at the time of writing. Over the last week, the coin witnessed significant decline on its chart. Despite the 2% overnight appreciation the technical outlook of Chainlink remained negative. Fall in the market movers prices has pushed many altcoins to travel south on their charts. Prior to this, LINK was consolidating between $6.70 and $7.00 respectively. A fall in LINK’s price has caused it to travel below the $6.70 price mark. Technical outlook started to reflect a change in price direction as buying strength slightly grew in the market. Despite the change on the technical outlook, LINK was still hovering in bearish territories. At the present moment, the altcoin’s price movement cannot be termed as an invalidation of the bearish thesis. For LINK to defeat the bears, the coin has to be above the $8.00 mark. Along with that, buying strength has to consistently remain positive, a fall in that will drag the coin below the $6.00 support level. The global cryptocurrency market cap today is $1.03 Trillion with a 1.5% positive change in the last 24 hours. Chainlink Price Analysis: Four Hour Chart LINK was trading at $6.58 at the time of writing. Before the decline on its chart, the coin was priced between the $6.70 and $7.00 levels respectively. Immediate resistance for the altcoin was at $6.70 which had previously acted as a support level. If LINK can manage to swoop past the aforementioned level, the next price ceiling would be at $7.34. Nearby support level for the coin was at $6.22 but if the bears take over completely, LINK might fall as low as $5.54. The amount of Chainlink traded over the last trading session saw an increase which meant that buying strength was recovering in the market. Technical Analysis The altcoin over the last 24 hours rose by 2% and buying strength also displayed some recovery. The Relative Strength Index moved up and beyond the half-line which indicated that buying strength was slowly rising on the chart. This rise in the buying strength cannot be termed as a bullish move as the coin has to move past the $6.70 price level. Price of LINK however shot past the 20-SMA line which is an indication of buyers driving the price momentum in the market. As the demand resurfaced, LINK moved above the 20-SMA line. For bulls to take over completely, the coin has to remain above the 20-SMA line. Related Reading | Cardano Moves In The Red With The Market, Can The Price Of ADA Stay Above $0.46? The altcoin despite rising on the chart minorly still displayed signs of being under bearish influence. The Moving Average Convergence Divergence portrays price momentum and reversals in the same. MACD noted a bearish crossover and formed red signal bars. These red signal bars were sell signal for the altcoin. Bollinger Bands which represents price volatility, had started to narrow down. This reading meant that chance of price volatility and fluctuation was low at the time of writing. Related Reading | BNB Basks In The Green As Price Glows 5.84% In Fields Of Red Featured image from Libertex, chart from TradingView.com
I mean, it’s not going to 15k before end of year… I really really hope it does tho!! submitted by /u/MartyFDupp [link] [comments]
Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using the same proof-of-work (PoW) […]
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