Category: Cryptocurrency News

The price of Polygon (MATIC) and other notable crypto assets has been experiencing some volatility recently. The fluctuations present in the MATIC market can present traders and investors with profit-earning opportunities. Within the last seven days, the price has witnessed a significant increase of 3.25%, indicating strong momentum from the bulls. Analyzing The Polygon (MATIC) Bullish Momentum Polygon is the scaling solution for Ethereum and the network’s increasing adoption could increase its price as the demand grows over the long term. As of today, the price of Polygon (MATIC) is at $0.8861 in the last 24 hours, representing an increase of 1.64%. This price movement suggests a positive market sentiment and a growing demand for the asset. It also indicates that the bulls are in control of the market. Also, MATIC Dominance & Social sentiments are above 50%, indicating neutral pressure.  Since both the market dominance and social sentiment are rising above 50%, it implies that MATIC has a positive sentiment among investors in the crypto market. The MATIC/USDT pair has formed a bullish flag pattern, suggesting a potential trend reversal and an end-to-downtrend movement. The breakout that occurred in the bullish flag pattern may be considered a confirmation of a trend reversal for traders and investors. As the asset trades between its support and resistance levels of $0.8399 & $0.9086, traders are watching these levels closely for possible breakouts. Related Reading: Shibarium Developers Say Each On-Chain Transaction Will Burn SHIB Tokens If MATIC breaks above the significant resistance level, it will trigger a bullish trend. The next support and resistance level will be at $0.5142 and 1.5799.  However, if MATIC breaks below the $0.7536 support level, it could signal a bearish trend, and traders may look for selling opportunities.  MATIC bears are currently trying to build momentum, but the bulls strongly hold their respective positions. This indicates a consolidation phase and a potential long-term uptrend if the bulls maintain this strong momentum. MATIC Technical Analysis Using Indicators The token has been on a downtrend since April 18, when the bears took control of the market. But recently, the asset has been showing signs of a potential trend reversal. The Moving Average Convergence Divergence (MACD) trades above the signal line. This indicates a potential bullish trend in the market. Also, the histogram is above zero with strong green, confirming the bullish sentiment. Related Reading: Shiba Inu All Green Today – What’s The Energy Behind The Glow? Additionally, the Relative Strength Index (RSI) momentum oscillator has a reading of 42.35, suggesting neutral pressure from the bulls and bears.  The market trades below the 50-Day and 200-Day Simple Moving Averages (SMA). This suggests a possible bearish movement. Nevertheless, the token bounced off a critical support level of $0.88 and may attempt to continue the bullish move. Featured image from Pixabay and chart from Tradingview

I just deposited 20 bnb and I just read about some recent hacks, it just won't let me withdraw the money, any idea what happens? it's stuck on fetching past deposit events submitted by /u/oldhamer [link] [comments]

The ChatGPT plugin integrated into Solana is open source and can be downloaded from GitHub.

I don't know if I just missed it but I've been literally in this sub for almost everyday for the past 2-3 weeks, I might have missed commenting but I always opened this sub everyday for news and stuff and other fun discussions. But I've never seen any news about Kraken listing PEPE for a…
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Central bank digital currencies gain traction as countries worldwide engage in their development despite skepticism from the crypto community.

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Despite the prevailing bearish sentiment in the market last week, Ripple (XRP) bulls showcased their resilience by securing gains. XRP stood out among the top 20 cryptocurrency assets, recording impressive weekly gains of over 8%. Although the daily chart displayed a relatively modest increase of more than 1%, it was enough to maintain the bullish momentum. The technical outlook for XRP revealed an improvement in buying strength, with demand and accumulation indicators reflecting a recovery on the daily chart. Related Reading: How Does Current Bitcoin Rally Compare With Historical Ones? However, the price movement of major altcoins remained uncertain as Bitcoin slipped back into the $26,000 price level. The future trajectory of XRP will depend on the performance of BTC in the upcoming trading sessions. Buyers will gain further strength if BTC exhibits improvement, leading to increased demand for XRP. Conversely, if demand fails to rise significantly, it could impede the growth of the XRP price. Another positive sign was the recovery of market capitalization, indicating increased demand and buying strength. XRP Price Analysis: One-Day Chart As of the time of writing, Ripple (XRP) was trading at $0.46. The altcoin demonstrated a significant breakthrough by surpassing the crucial resistance level of $0.44, increasing demand for the asset. Moving forward, the next obstacle for XRP lies at the overhead resistance of $0.48, which is expected to pose a tough challenge for the coin. However, if the altcoin manages to overcome this resistance level, it could potentially target the $0.50 mark. Conversely, a decline from the current price level would bring XRP down to $0.44, potentially even below the $0.42 price mark. The recent session witnessed a positive momentum for XRP, as indicated by the green volume bar of the altcoin traded. Technical Analysis Upon the price breakthrough above the $0.44 level, buyers swiftly entered the market, exhibiting a surge in demand for the altcoin. This heightened interest is further supported by the Relative Strength Index (RSI), which currently positions itself above the half-line, just below the 60-mark. This indicates that buying strength outweighs selling strength at the present moment, underlining the positive sentiment surrounding the altcoin. Furthermore, the asset’s price has risen above the 20-Simple Moving Average (SMA) line, suggesting that buyers were driving the price momentum in the market. The increase in demand for the altcoin is reflected in the buy signals observed on the one-day chart for XRP. The Awesome Oscillator determines price direction and momentum. It generated small green signals closely tied to buy signals for the altcoin. Related Reading: Shiba Inu Struggles To Initiate A Breakout: Will It Defy Resistance And Rebound? This suggests a positive price action for the coin, highlighting the potential for further upward movement. Additionally, the Bollinger Bands, which measure price volatility and potential fluctuations, maintained a wide range. However, the parallel alignment of the bands indicates that the altcoin may trade within a relatively narrow range in the upcoming trading sessions. Featured Image From iStock, Charts From TradingView.com

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