Category: Cryptocurrency News

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Following a decline from October 10–October 20, FLOW is currently making a comeback. CoinGecko reports that FLOW is performing well across nearly all time frames shown by its platform, and at the time of writing, the coin was trading at $1.76. Along with this rise in price comes an increase in TVL value. DeFiLlama reports that since yesterday, FLOW’s TVL has increased from $3.97 million to $4.168 million, an increase of about 5%. Market slippage was noted earlier, but the market structure produced by FLOW price changes may prevent a recovery. Related Reading: Shiba Inu Facing Tough Hurdles For Weeks – How Could SHIB Overcome These? Going With The Flow The coin has created a bearish descending triangle and cup pattern as of this writing. Due to the coin’s Stoch RSI readings being in the overbought zone, this is the case. After this metric enters the overbought zone, the market immediately begins to realign and correct itself. The current value of Chaikin’s money flow indicator is -0.06, suggesting that selling pressure is prevalent in the market. There has been a slight pick-up in momentum, as shown by the indicator. This rise may be due to the inclusion of the cup’s rebound mechanism. Chart: TradingView Nonetheless, the RSI indicator, which displays a positive divergence at the time of writing, largely disregards these signs. This could be the moment from which the bulls can recover. Currently, FLOW’s uptrend is maintained by the price support level at $1,601, with the current trading range between $1,398 and $1,781. With the price movement being influenced by two bearish patterns. In light of this, we anticipate that the price of FLOW will drop dramatically during the following few days. Downward Current As evidenced by the market, FLOW is on a slippery slope. This notion is bolstered by its technicals, which indicate short- and long-term bearishness. For bulls to survive the forthcoming corrective period, they must defend the $1.398 support level of FLOW’s trading range. However, the bulls might use the existing support at the $1.601 price level to trigger a breakout over the $1.781 resistance range. However, with the Stoch RSI at its highest level, a period of correction is inevitable, hence strengthening the resistance level. At the current market price, investors and traders might initiate a short position in preparation of the forthcoming corrective phase. Related Reading: THETA Shows Renewed Vigor – How Far Can The Coin Push Ahead? FLOW total market cap at $1.89 billion on the weekend chart | Featured image from Freepik, Chart: TradingView.com Disclaimer: The analysis represents the author’s personal views and should not be construed as investment advice.

Sharing his opinion around crypto regulations, Buterin spoke against the regulations that have an impact on the inner workings of a crypto ecosystem.

How can we solve the liquidity fragmentation across L2s? Will they forever just be in each silo of the L2 or is it possible we can all join them to seamlessly use liquidity across all of Ethereum and it's L2s? (or at least all zk L2s?) submitted by /u/mybed54 [link] [comments]

submitted by /u/Every_Hunt_160 [link] [comments]

Hong Kong is relaxing its crypto regulation to allow retail investors to trade digital assets directly. A licensing regime for crypto platforms that allows retail crypto trading is reportedly set to be enforced in March next year. Hong Kong Nears Allowing Retail Crypto Trading Hong Kong is reportedly relaxing its strict cryptocurrency regulation with a […]

Ethereum price has rallied yet again in the last 24 hours. ETH has demonstrated an 8% jump over the past day. This has made the altcoin break past a few trading levels and now flipped them into support lines. The altcoin was quite bullish at the time of writing. In just one week, the coin gained more than 20%, turning the price action bullish. The technical outlook of Ethereum was also leaned towards the bulls as demand for the altcoin turned heavily positive at the time of writing. As a result, buying strength also turned optimistic at the time of writing. Ethereum can target the $1,700 resistance mark only if the bulls can maintain the price above Ethereum’s immediate resistance mark. If the bulls lose steam, the coin could again start to trade near the $1,500 price zone. The coin could witness a sell-off at the $1,690 resistance mark. If the bulls manage to overturn the $1,690 level, then this could be the start of a broader trend change. Buying strength and wider market strength remain vital for Ethereum. Ethereum Price Analysis: One Day Chart ETH was trading at $1,620 at the time of writing. The coin had struggled to move past the $1,500 price mark over the last few weeks. The recent bullish force has helped Ethereum topple above a number of resistance levels. As Ethereum continues to remain quite favorable, the jump to $1,700 could be possible if the coin breaks past the immediate price ceiling of $1,630. It can experience weighty resistance at the $1,690 level. If the price pushes above that mark, the bulls will stay around for a considerable period of time. A fall from the current price level will bring ETH to $1,520 and then to $1,460, causing ETH to consolidate between those levels. The amount of ETH traded in the last session was positive, indicating a rise in buyers. Technical Analysis The altcoin has accumulated hefty buying strength on its 24-hour chart. The Ethereum price was overvalued due to excessive demand. The Relative Strength Index was above the 80-mark, which is a sign that buyers have heavily outnumbered sellers in the market. Once the asset has visited the overbought zone, the price usually experiences a pull-back. The Ethereum price was above the 20-SMA line, which indicated that demand experienced a steep increase and that buyers were driving the price momentum in the market. Related Reading: Polygon Price Could Aim For These Levels Before The Bulls Wane Off Other technical indicators have also pictured that the bulls were in complete control of the altcoin’s price. The Awesome Oscillator formed green signal bars which were growing in size. These were the buy signals of the coin. AO exhibits the price momentum and the strength of the price direction. The Chaikin Money Flow depicts the capital inflows and outflows at a given time. CMF was above the half-line, which revealed that capital inflows exceeded outflows, painting a positive price action for Ethereum. Related Reading: Avalanche Price Remains Positive But Could Experience Bearish Pull At This Level Featured Image From UnSplash, Charts From TradingView

After a couple years in crypto, I maintained my viewership of a few crypto influencers I thought had merit. One was James at InvestAnswers. I thought he was more transparent than others, had the viewer's best interest in mind, and appreciated his empathy for animals. However, the year leading up to Celsius locking out users,…
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Hi, I have a question regarding accessing a mapping of address => Struct posted on StackOverflow. Basically, I need to use ethers.js to give a parameter of an address, but it returns as undefined. Please refer to my question on SO for more details. https://stackoverflow.com/questions/74249392/how-can-i-access-a-solidity-mapping-address-struct-using-ether-js submitted by /u/Taking-Jester766 [link] [comments]

I'm not here to talk about Matt Damon. I'm sure he probably couldn't care less how Crypto.com is doing since he apparently got paid in cash anyway. Let's take a look at the history of the exchange since the day of the famous commercial launch. For reference, I'll compare it to Bitcoin. The commercial premiered…
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