A friend turned me on to the intothecryptoverse YouTube channel some years ago, and I have been following the channel for some time now, and I'm starting to really feel like this guy, Ben Cowen, gets way more credit than he deserves. He built his whole channel around this notion of "lengthening cycles" based all…
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PRESS RELEASE. SEOUL – Iskra took the stage at Korea Blockchain Week, outlining their vision of game publishing in the era of Web3. “The technology is now available for us to provide an ecosystem that enables better outcomes for everyone: players, game developers and the platform itself. There is now an opportunity for every stakeholder […]
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I thought it was wild how low we went earlier in the year. Never thought I'd see it drop under 1k. Do you all think we are staying above 1900 now or does anyone see some more drops coming? I know no one knows for sure. Just thought I'd see what everyone else thinks/predicts. Happy…
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Solana price has attempted to revisit the $44 price mark again and it is a matter of time till the coin displays its next move. Over the last week the coin rose by 14% and in the past one day there has been a close to 3% increase in market value. The coin has demonstrated steady recovery in the last 24 hours. At the moment bullish force has built up considerably in the market and it could push price of SOL higher with sustained demand. Technical outlook for the coin remained positive at the time of writing. Solana price previously in the past had not managed to break past the $44 price mark. For SOL to finally break past that level, demand needs to consistently go up. If the coin does not remain above the $44 level, it would fall to trade near its support zone. The global cryptocurrency market cap today was at $1.21 Trillion, with a 0.6% hike in the last 24 hours. Solana Price Analysis: Four Hour Chart SOL was trading at $44.79 at the time of writing. After multiple attempts the bulls were again attempting to move past the aforementioned price level. Overhead resistance for the coin stood at $46, however, moving past the $44 price zone will itself be a challenge for the bulls considering the bulls failed twice previously. Local support for Solana price stood at $40. If the bulls manage to cross the $46 price level then it could touch the $50 price level. Amount of SOL traded in the previous session increased suggesting increased buying strength. Technical Analysis SOL’s technical outlook reflected bullishness on the four hour chart. The moment Solana price moved up, the indicators reflected the same sentiment. The Relative Strength Index was above the 60-mark signifying that buyers exceeded sellers at press time as demand for the altcoin soared. Solana price was also above the 20-SMA line and that meant buyers were responsible in driving the price momentum. SOL was above 50-SMA and 200-SMA signifying increased bullish momentum. Related Reading: SOL Makes Another Shot At $44, After Two Failed Attempts This Week The past week for SOL was quite beneficial to the coin. Over the last week the bulls gathered momentum which is why a push to the $44 mark was possible. Moving Average Convergence Divergence displays the price momentum and the reversals in the same. MACD underwent a bullish crossover and formed green signal bars which are in accordance with the buy signal and increased demand. The Chaikin Money Flow points towards the capital inflows and outflows. CMF broke past the half-line into a positive zone which meant increased capital inflows. Related Reading: Bitcoin Bearish Signal: Whales With 1k-10k BTC Depositing To Exchanges Featured image from Engadget, Chart from TradingView.com
Two of the biggest soccer clubs in Spain, Real Madrid and FC Barcelona, have applied to receive trademarks for some elements in the metaverse. The clubs have introduced an application that encompasses different activities and services that they can conduct in the metaverse, including a cryptocurrency wallet and the possibility of selling virtual merchandise. Real […]
Not that I am an expert by any means, bur I have been checking the flippening index a lot recently. It is with pleasure to inform you that the flippening broke the magical barrier of 50 percent for the first time since Ether's bull run last year. With the recent pump the index might not…
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It's big news in the cryptocurrency world but in case you're unaware, the US Treasury has sanctioned Tornado Cash addresses including the contract address. The Dutch government has arrested the developer who maintained the Tornado Cash codebase. Circle has locked up significant amounts of capital. So what are the lessons to learn from all of…
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ETH is trying again to break 2000$ ceiling. It is still too far below its ATH of almost 4900$ but at least for now market seems a little more enthusiastic. How much of this upward movement is due to upcoming merge is anyone's guess. As BTC also slowly moving toward 25k. Good news is if…
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