CFTC commissioner visits Ripple offices as decision in SEC case looms
The outcome of the SEC v. Ripple lawsuit could influence whether the CFTC or SEC will play a greater role in handling the XRP token as a commodity or security.
The outcome of the SEC v. Ripple lawsuit could influence whether the CFTC or SEC will play a greater role in handling the XRP token as a commodity or security.
Where is Do Kwon? This is a new book coming out that will allow you to search for Do Kwon yourself. You will be able to take the roll of a Interpol Detective and search the world for Do Kwon. You will travel to far away exotic locations in your search for Do Kwon, This…
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I know many of you are fearful amidst all the uncertainty in market,but this is the time to accumulate your crypto currencies of choice specially BTC,it's called accumulation period for a reason guys. I see lots of post here spreading fear,bears are running wild and there's blood in the streets,these are the prices you buy…
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Social networks should be in the hands of people and not corporations. Private enterprises played their part in the beginning, they provided us with their amazing inovations and platforms that milions of users use today, but they gew so big that they became data sucking machine. In the early days of development, founders had to…
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The price of Solana (SOL) has been volatile against tether (USDT), causing more pain for hodlers. Despite showing such strength, the price of Solana (SOL) has risen from $30 in recent weeks to around $45, as many investors hoped for more relief rallies to around $60. Solana (SOL) prices were rejected and have continued to fall with no significant bounce. (Data from Binance) Related Reading: Solana Price Trades Laterally, What Could Be The Next Level? Solana (SOL) Price Analysis On The Weekly Chart SOL’s price dropped from $250 to around $30, representing a drop of more than 70% from its all-time high. After touching a weekly low of $32, the price of SOL rallied to $45, demonstrating great strength as many set prices and expectations for a rally back to $60, but the price was met with rejection. On the weekly chart, the price of SOL formed a downtrend line as it continued to respect this resistance line, bouncing off to continue its bearish run. Nonetheless, the price of SOL was rejected from the trendline resistance after a while, and it could not break this trendline. SOL is trading above the key support level of $30; the price of SOL must remain above this level to avoid falling to $24-$20. With the price of SOL holding this support, we may be able to trade higher to the $35 region. A break below $30 would signal a return to lower demand zones and a reluctance of bulls to enter buy orders as there would be more agitation for lower prices. To resume its bullish trend, SOL’s price must break and hold above the trendline resistance that is preventing the price of SOL from trending higher. If the price of SOL continues to reject the trendline resistance, the price may fall because there are more sell orders than buy orders. Weekly resistance for the price of SOL – $45. Weekly support for the price of SOL – $30. Price Analysis Of SOL On The Daily (1D) Chart The daily timeframe for SOL prices continues to deteriorate as prices break to the downside, with prices ranging in a channel with $45 as resistance and $30 as support. The price of SOL must break out of this range channel with significant volume to restore hope and relief to most investors. A break and close below $30 would be bad for the SOL structure because the price would face more sell orders and panic. If the price of SOL breaks and closes above $45, we may see a minor relief bounce to the $60-$80 range. The Relative Strength Index (RSI) for SOL is above 40 on the daily chart, indicating more sell order volume. Daily resistance for the SOL price – $45. Daily support for the SOL price – $30. Related Reading: Stellar (XLM) Shows Strong Recovery From Recent Slide Featured Image From zipmex, Charts From Tradingview
Digital currency markets, precious metals, and stocks dropped another leg down on Monday following the drop markets saw last Tuesday. Last week’s fall was one of the worst weeks in more than three months as market strategists believe a sizable Fed rate hike is coming this week. Bank of America’s analysts led by Savita Subramanian […]
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Bitcoin price dropped to $18,270, but derivatives traders didn’t flinch. Here is why.
Bitcoin price dropped to $18,270, but derivatives traders didn’t flinch. Here is why.