So the other day I was screwing around with the gas for a given transaction so I know where to set the alert on my phone for when gas gets to that level. I guess I mistakenly accepted it and it has been in pending hell. For those of you who don't know, when a…
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Efforts to keep Bitcoin mining operations afloat may end up pushing the spot BTC price even lower.
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According to a recent report, members of the Saudi government and crown prince Mohammed bin Salman have been privately mocking U.S. president Joe Biden by questioning his keenness of thought and mental acuity. The report follows Biden’s recent trip to the region in July, when the U.S. president pressed the Saudis for more oil production, […]
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss why Bitcoin whales are accumulating right now and why this could be significant.
On average, a bear market in traditional markets lasts around 290 days. Since the Great Depression, there have been 14 bear markets lasting between 1 month and 1.7 years. Source: https://www.investopedia.com/a-history-of-bear-markets-4582652 https://www.forbes.com/sites/qai/2022/08/24/the-average-bear-market-lasts-289-days-how-long-do-we-have-left/ https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/bear-markets.html What about crypto? In the most basic definition of a bear market, the previous crypto bear markets lasted roughly a year: 2014…
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ENS’ price shows strength as price holds strong above the key support zone to avoid price retesting lower point on the daily chart. ENS rejected a trend higher above $20 as the price faced a sharp rejection to a region of key Support of $16.5. The price of ENS continues to hold strong above the 50 and 200 Exponential Moving Averages (EMA) as the price aims to rally toward $20. The price of Ethereum Name Service (ENS) has continued to hold strong as price trends toward the region of $20 as the price faced rejection earlier from that region. The crypto market has had little volatility compared to previous weeks, with many altcoins and major crypto players like Bitcoin (BTC) and Ethereum (ETH) continuing to move in a range with few exceptions. The likes of Ethereum Name Service (ENS) have had a great time rallying despite the uncertainty in the market, with many wondering if the $20 resistance would be broken for a higher high. (Data from Binance) Related Reading: Litecoin Registers Over $1 Million In Whale Transactions For 2022 – Good News For LTC? Ethereum Name Service (ENS) Price Analysis On The Weekly Chart. Despite many altcoins struggling to trend in a range market, the price of ENS has been a standout performer as price rallied and held strong at key support zones showing the strength of buyers not willing to let go of price to sellers. The price of ENS has had a bad time recently as the price declined from an all-time high of over $100 to a region of $8 before rallying to a high of $17. ENS’ price faced a rejection from $17 to break higher to the region of $20. After the price of ENS was rejected from $17, the price dropped to a region of $11, where the price seemed to have formed strong Support and likely a demand zone for future buy orders. The price of ENS rallied from $11 to a high of $17 as the price broke above to rally with more strength to $20, where it faced resistance back to $17. The overall structure for ENS looks good as there are high chances of price retesting the regions of $20 and even higher. Weekly resistance for the price of ENS – $20. Weekly Support for the price of ENS – $16.5-$17. Price Analysis Of ENS On The Daily (1D) Chart In the daily timeframe, the price of ENS continues to hold strong and trade above the key Support formed at 50 EMA after forming an uptrend line as the price respects this line acting as Support. The price of ENS needs to break and hold above $20 for the price to trend higher to a region of $27 and possibly $30. Daily resistance for the ENS price – $20. Daily Support for the ENS price – $16.5. Onchain Analysis Of ENS The ENS price from the on-chain analysis looks more decent despite a fall of over 70%. ENS produced a reasonable return on investment (ROI) of 72% over the past three months compared to other crypto assets that have struggled for the past months. Related Reading: Shiba Inu Burn Rate Spikes By 1,860% – Why Investors Should Take Note Of This Featured Image From zipmex, Charts From Tradingview and Messari
Dollar weakness shows instant results for BTC price strength, with local highs coming back in for a test.
Dogecoin rose to a one-week high on Tuesday, as the meme coin rebounded from recent losses. The token rose by as much as 3% earlier in today’s session, moving away from a recent point of support in the process. Monero was also higher, as bulls pushed it closer to a key resistance level. Dogecoin (DOGE) […]
There is a new hype going on right now and it's called the Reddit NFT avatar hype! (You can decide however you wanna call it). The first round of Reddit NFT's (Gen1) wasn't that popular at first but when Reddit started rolling out those free NFT's with it, it completely changed the way people think…
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