Category: Cryptocurrency News

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submitted by /u/Herowing83 [link] [comments]

Hello everyone, bear markets can be pretty boring price action-wise, so to keep myself entertained I try to find ways to learn and grow in my knowledge of this space. There’s a free course at MIT (link: https://ocw.mit.edu/search/?q=Blockchain) that covers a lot of the basics of crypto, discusses use-cases of crypto, strengths and weaknesses and…
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The global law enforcement agency the International Criminal Police Organization (Interpol), issued a notice for Terraform Labs co-founder Do Kwon just a few weeks after a warrant for his arrest was issued by South Korean authorities. The red notice enables South Korea to receive help from global law enforcement bodies in locating and “provisionally arrest[ing] […]

BNB price ranges below 50 and 200 EMA on the daily timeframe.  BNB shows bullish strength on the 4H timeframe as price breaks an asymmetric triangle. The price could be poised to retest the 1D and 4H resistance of $280.  Binance Coin (BNB) price showed bullish strength in recent weeks, but the price has failed to match that run against tether (USDT). With the price of Binance Coin facing resistance to breaking above $337, acting as a tough resistance area, the price of BNB has maintained a downtrend as the price broke its bullish structure. (Data from Binance) Related Reading: Why Investing In Terra Classic (LUNC) May Be A Bad Idea Binance Coin (BNB) Price Analysis On The Weekly Chart The price of BNB has recently declined after bouncing from its weekly low of $210 as a price rally to a high of $340 before facing a stip rejection, and the price has struggled to re-establish its bullish trend. The price of BNB is still above a critical support level of $270, which acts as a good demand zone for buy orders. The price of BNB must break through its weekly resistance of $280 in order to trend higher. To restore a relief bounce, the price of BNB must break and hold above the $280 resistance, which is preventing the price of BNB from trending higher. If the price of BNB continues to reject $280, we may see a retest of $270 and possibly a lower support area of $210 on the weekly chart. If the price of BNB breaks and holds above $340, this could start a major rally as this has proven to be a tough area to break out for BNB price. Weekly resistance for the price of BNB – $340. Weekly support for the price of BNB – $270. Price Analysis Of BNB On The Four-hourly (4H) Chart The price of BNB continues to show strength in the 4H timeframe, breaking out of its downtrend range after forming an asymmetric triangle with good volume. The price of BNB is $278, which is higher than the 50 EMA but lower than the 200 EMA. The 50 EMA acts as a support for the BNB price, while the 200 EMA acts as resistance. Prices at the 50 and 200 EMA for BNB are $274 and $280, respectively. Four-Hourly resistance for the BNB price – $280. Four-Hourly support for the BNB price – $274-$250. Onchain Analysis Of BNB The price of BNB from the on-chain analysis looks more decent, producing a reasonable return on investment (ROI) compared to other crypto assets that have struggled for the past three months. With backing from investors and partnerships, the price of BNB could do well. Related Reading: XRP Price Stumbles Near $0.47, What’s Next With Selling Pressure Building? Featured Image From zipmex, Charts From Tradingview and Messari

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Are you tired of losing your crypto founder? Has the founder of your preferred crypto gone on the run? Is the Founder of your biggest investment hiding? Have your funds been locked up? Fear no more friends because with the newly developed app "Founder Finder" your crypto founder is always just a click away. ​…
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The XRP price has depreciated considerably over the last 24 hours. The price of the altcoin continues to totter near the $0.47 price mark. The bears seem to be back on the charts for XRP. Over the last 24 hours, the XRP price fell by 4.12%. On the other hand, the coin has rallied by over 30% in the past week. The technical indicators of the altcoin also started to paint bearish price action on the one-day chart. The bulls have lost steam in the past week owing to an increase in selling strength in the market. The indicators have yet to move into the excess selling zone, but the major technical outlook indicated that the buyers were leaving the market. This could be termed a price pullback for XRP after the positive investor interest over the last week that caused the rally. The global cryptocurrency market cap today is $971 billion, with a 0.8% negative change in the last 24 hours. XRP Price Action: One Day Chart The altcoin had secured a rally in the last week when it surged to touch the $0.54 mark. The XRP price was trading within an ascending trendline from which it broke away due to a decline in buying strength. The resistance mark for the coin stood at $0.48, a move above which XRP could falter near the $0.51 price level. The support zone for the coin rested at $0.42. A fall from the aforementioned support line will drag XRP to $0.38. The amount of XRP traded in the last session was in red, signifying that buying strength fell slightly on the chart. Technical Analysis With buying strength increasing significantly as XRP rallied, the coin was overbought in the past week. Usually, when the coin is overvalued, a price pullback is anticipated. On the one-day chart, XRP fell from its overvalued zone. The Relative Strength Index was falling near the 60-mark, which meant that the coin was meeting with an increase in selling pressure. The XRP price was still above the 20-SMA line, signalling that demand was still present in the market and that buyers were also driving the price momentum. If buyers hold onto the price momentum, then XRP can attempt to break past its immediate resistance mark. Related Reading: Ethereum Price Broke Out Of Descending Channel, What’s Next? Buyers have not completely faded out of the market because the XRP price displayed a buy signal on the 24-hour chart. The Moving Average Convergence Divergence tells us the price momentum and overall direction of the altcoin. MACD continued to show green signal bars, which were tied to the buy signal for XRP. Despite the presence of the green signal bars, they were declining in size, meaning that bullish momentum was fading at the time of writing. The Chaikin Money Flow shows the amount of capital inflows and capital outflows at a given time. CMF was also positive as the indicator was above the half-line, indicating more capital inflows compared to outflows. Related Reading: Litecoin Price Watch: Why Only 15% of LTC Holders Are Making Profit Featured image from Mint, chart from TradingView.com

This is a truely controversial opinion, one which I expect to get many downvotes for. Note I am focusing on the period of 2020-2022, I know that you would be well ahead of inflation if you invested in bitcoin in 2010! However crypto, especially in 2020-2021, was being marketed as the 'hedge against inflation' on…
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