Category: Cryptocurrency News

Critics have called out the SEC’s “regulation by enforcement” tactics, but to some investors, it’s a positive sign they’re seeing to invest in digital assets.

Reddit’s non-fungible token (NFT) avatars have produced significant market action in the NFT industry, as the collectible’s secondary market sales reached more than $5 million on October 24 across more than 20,000 sales. The demand for Reddit’s collectible NFT avatars minted on Polygon has also spurred over three million Redditors to leverage Reddit’s Vault blockchain […]

Hello, This post will show you how to create your own cryptocurrency token with minimum spending (Less than 5$). 1- You need to have metamask connected on your browser (Download from their official website). and Add BNB network (You can find how to add it from here) https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain 2- Send some BNB from your exchange…
Read more

Ethereum is consolidating gains above the $1,300 zone against the US Dollar. ETH could gain pace if there is a clear move above the $1,370 zone. Ethereum is showing positive signs above the $1,320 and $1,330 levels. The price is now trading above $1,320 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally if there is a clear move above $1,350 and $1,370. Ethereum Price Remains Supported Ethereum gained pace after it broke the $1,300 and $1,320 resistance levels. ETH even cleared the $1,350 level and settled above the 100 hourly simple moving average. However, the price failed to clear the $1,370 level. A high was formed near $1,370 before there was a downside correction. There was a move below the $1,350 level. Ether price declined below the 23.6% Fib retracement level of the upward wave from the $1,250 swing zone to $1,370 high. It is now trading above $1,320 and the 100 hourly simple moving average. There is also a key contracting triangle forming with resistance near $1,350 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $1,350 level and the triangle trend line. The first major resistance is near the $1,365 and $1,370 levels. The main barrier is still near the $1,400 zone. A clear upside break above the $1,400 resistance zone could open the doors for a strong increase. In the stated case, the price might climb towards the $1,500 level. Dips Supported in ETH? If ethereum fails to climb above the $1,350 resistance, it could continue to move down. An initial support on the downside is near the $1,320 level. The next major support is near the $1,310 level and the $1,300 zone. It is near the 50% Fib retracement level of the upward wave from the $1,250 swing zone to $1,370 high. A downside break below the $1,300 zone might start a fresh decline to $1,270 in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,320 Major Resistance Level – $1,370

Despite the ongoing bear market, family offices and high-net-worth individuals in Hong Kong and Singapore are keen to invest in crypto or already have holdings.

The Tel-Aviv Stock Exchange, the only public stock exchange in Israel, has announced that it is entering the crypto space and creating a platform for digital assets. “The next five years are a critical window of opportunity for TASE to play an active role in the technological revolution of the global capital markets,” said the […]

UNI’s price shows the first sign of bounce after forming a bullish pattern as the price gets rejected into a range channel.  UNI bounced off its downtrend movement as the price broke its resistance of $6.8 but failed to hold this region.  The price of UNI continues in its range movement as the price gets rejected into a range and trades below the 50 Exponential Moving Average (EMA). Uniswap (UNI), a one-time favorite of many in the crypto industry, has failed to live up to the hype it once had as its price rallied from a low of $3 to $30. The crypto market, including the big players like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), has had a quiet month as the prices of most altcoins have found themselves fighting for survival as they seek to defend their key support areas. The price of UNI, despite having a good start in recent weeks, formed a bullish pattern but failed to complement this structure with some rally. (Data from Binance) Related Reading: Altcoin Exchange Dominance Rises To 50%, What Does It Mean For Bitcoin? Uniswap (UNI) Price Analysis On The Weekly Chart. Uniswap has struggled to regain its bullish momentum in recent times; despite the uncertainty that has befallen the crypto space, the price of UNI hasn’t enjoyed a measure of relief after showing so much strength on the weekly chart rallying from a low of $3.5 to a high of $9.5 before facing rejection from that region.  After the price of UNI rallied to a high of $9.5, the price has faced rejection to break higher to a region of $10, and the price has continued to struggle to stay afloat, considering how tough the crypto market has been lately. The price of UNI dropped to a low of $5 after rejection from the high of $9.5; the price of UNI bounced from that region to a high of $6.5, where the price was rejected into a range channel.  Weekly resistance for the price of UNI – $10. Weekly Support for the price of UNI – $5.5. Price Analysis Of UNI On The Daily (1D) Chart In the daily timeframe, the price of UNI continues to trade below the key resistance formed at 50 EMA after forming a cup and handle pattern but failed to complete the pattern as the price was rejected into the range. The price of $7 acts as the resistance holding the price of UNI from breaking the range and trending higher. The price of UNI needs to break and hold above $7 for the price to trend higher to a region of $9.5-$10, which is a key supply zone for most traders. If the UNI price fails to break above this region, we could see the price retest its Support at $5.5. Daily resistance for the UNI price – $9.5-$10. Daily Support for the UNI price – $5.5. Related Reading: Twitter Working On Its Own Crypto Wallet Prototype Featured Image From zipmex, Charts From Tradingview

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

Bitcoin price corrected lower from $19,650 against the US Dollar. BTC is holding the $19,200 support and might soon start a fresh increase. Bitcoin started a downside correction after it failed to clear the $19,650 zone. The price is trading above $19,200 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $19,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear move above the $19,350 resistance. Bitcoin Price Remains Supported Bitcoin price was able to gain pace for a move above the $19,500 resistance. However, BTC struggled above the $19,600 zone. It traded as high as $19,679 and recently started a downside correction. There was a correction below the $19,500 and $19,400 levels. The price declined below the 23.6% Fib retracement level of the key increase from the $18,865 swing low to $19,680 high. The price even spiked below the $19,250 level. However, the bulls were active near the $19,200 support zone. Bitcoin price is now trading above $19,200 and the 100 hourly simple moving average. It is also stable above the 50% Fib retracement level of the key increase from the $18,865 swing low to $19,680 high. On the upside, an immediate resistance is near the $19,320 level. There is also a connecting bearish trend line forming with resistance near $19,320 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The first major resistance sits near the $19,500 level. The next major resistance might be $19,650. A clear move above the $19,650 resistance might send the price towards the $20,000 resistance. Any more gains might set the pace for a steady increase towards the $21,200 resistance zone. Dips Limited in BTC? If bitcoin fails to rise above the $19,500 resistance zone, it could continue to move down. An immediate support on the downside is near the $19,270 zone. The next major support is near the $19,200 zone and the 100 hourly simple moving average. A downside break and close below $19,200 might open the doors for a fresh test of the $18,800 support. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $19,270, followed by $19,200. Major Resistance Levels – $19,320, $19,500 and $19,650.