Hello people. In the wake of FTX contagion, a lot of people are opting to have a control of their own crypto. They want to use a crypto wallet, but they are confused about its functioning, and security threats. So, I decided to write a series of posts regarding these topics. This post is part-2…
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So with all the FTX drama going on lately and exchanges not actually having full reserves and whatnot, it just made me realize yet another reason why everyone should be custodying their own coins and ALWAYS taking them off exchanges when they buy. Basically, if an exchange or custody service is pulling some fuckery, you…
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Ripio, an Argentina-based cryptocurrency exchange, has announced that it will expand its operations to the U.S. The company, which serves more than 4.5 million customers in Latam, received a license in the state of Florida to operate and will start offering its Ripio Select services to companies and institutional investors. Ripio Expands Operations to US […]
SOL’s price bounces off key support of $10 as price rallies to a high of $14 as bulls feel a measure of safety. SOL’s price continues to look bearish with the market’s current state, as most traders and investors remain cautious. SOL’s price bounces from a low of $11 on the daily timeframe as the price looks weak, trading below 50 and 200 Exponential Moving Average (EMA) Solana (SOL) has had a rough start this month, with the price action not looking nice after suffering a drastic price decline from a region of $35 to $11 due to the FTX fiasco, which has had a more direct impact on the price. Despite the relief bounce from Solana (SOL), the price still trades below the key region of interest that would attract the attention of many buyers. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market is yet to make a major move leading to much fear about where the market could be headed. (Data from Binance) Related Reading: XRP Price Prediction: Why The Bulls Could Aim Fresh Rally To $0.45 Solana (SOL) Price Analysis On The Weekly Chart Despite the uncertainty and turbulence that has affected the price of Solana (SOL) and the crypto market at large, many altcoins are struggling for survival, trying to stay afloat as the prices of altcoins continue a downward price movement. Solana (SOL) has suffered more price loss, and the community has been affected and, as such, needs more rebuilding in terms of price and trust for the project after the damage caused by FTX. SOL’s price declined from a region of $35 to a region of $11 as SOL lost its key support of $20. The price of SOL failed to hold above $20, leading to price retesting lower price points. The price of SOL continues to hold above $11, indicating a good sign for the price of SOL on the weekly chart and other timeframes. If the price of SOL loses this region of interest, this will lead to lower prices, and panic could set in. Weekly resistance for the price of SOL – $20. Weekly support for the price of SOL – $10. Price Analysis Of SOL On The Daily (1D) Chart The price of SOL remains considerably weak in the daily timeframe as the price trades above $14 after SOL saw its price decline from $35 to $11 as the market continues in its state of uncertainty. SOL’s price continues to struggle as price aims for more relief bounce from this region. The price of SOL needs to reclaim and trade above $20 for a short-term relief bounce. The $20, corresponding to the Fibonacci retracement value of 38.2%, will strongly resist the SOL price. If the price of SOL flips the region of $20, we could see more rallies for SOL to a region of $30 or more. Daily resistance for the SOL price – $20. Daily support for the SOL price – $11. Related Reading: Bitcoin Price Faces Rejection, Why BTC Could Resume Its Downtrend Featured Image From zipmex, Charts From Tradingview
Starting from January 2023, only licensed cryptocurrency firms will be allowed to provide cryptocurrency trading services to Uzbek citizens.
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PRESS RELEASE. Project Xeno is pleased to announce that Fumiya, a social media creator with over 6 million followers on SNS, has been appointed as the Southeast Asia ambassador for “PROJECT XENO.” Fumiya is a social media creator based in the Philippines, working extensively as an actor, singer, TV personality, and YouTuber. He has 2.31 […]
Ripple remained well bid above the $0.35 support against the US Dollar. XRP price seems to be eyeing a fresh rally towards the $0.45 level. Ripple started a decent increase from the $0.32 support zone against the US dollar. The price is now trading above $0.350 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.374 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a strong increase if it clears the $0.400 resistance zone. Ripple Price Eyes Fresh Increase After a strong decline, ripple’s XRP formed a base above the $0.320 zone against the US Dollar. The price started a decent increase above the $0.335 and $0.340 resistance levels. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $0.5099 swing high to $0.3200 swing low. Besides, there was a break above a major bearish trend line with resistance near $0.374 on the 4-hours chart of the XRP/USD pair. XRP is rising steadily above the 100 simple moving average (4-hours) and outperforming both bitcoin and ethereum. The price is now facing hurdles near $0.395 and $0.400. The first major resistance is near the $0.415 level. The 50% Fib retracement level of the downward move from the $0.5099 swing high to $0.3200 swing low is also near the $0.415 level. A successful break above the $0.415 resistance might send the price towards the $0.450 resistance. Source: XRPUSD on TradingView.com The next key resistance is near the $0.465 level. Any more gains might send the price towards the $0.50 level in the coming days. Dips Supported in XRP? If ripple fails to clear the $0.415 resistance zone, it could slowly move down. An initial support on the downside is near the $0.380 level and the 100 simple moving average (4-hours). The next major support is near $0.345. If there is a downside break and close below the $0.345 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.380, $0.345 and $0.320. Major Resistance Levels – $0.400, $0.415 and $0.450.
CoinList blamed “custodian issues” with one suffering an outage affecting “many tokens” on the platform as the reason for reported withdrawal problems.
