Category: Cryptocurrency News

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

Ethereum started another decline below $1,200 against the US Dollar. ETH could decline heavily if there is a close below $1,150. Ethereum failed to clear the $1,280 resistance zone and declined below $1,200. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline if there is a close below the $1,150 level. Ethereum Price Takes A Hit Ethereum attempted an upside break above the $1,275 resistance zone. However, ETH failed to extend gains and started a fresh decline below the $1,220 level. There was a clear move below the $1,200 level and the 100 hourly simple moving average. Ether price traded below the 50% Fib retracement level of the upward move from the $1,076 swing low to $1,276 high. It is now struggling to stay above the $1,150 support zone. The price is consolidating near the 61.8% Fib retracement level of the upward move from the $1,076 swing low to $1,276 high. There is also a major bearish trend line forming with resistance near $1,180 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,175 level. The next major resistance is near the trend line zone and $1,180, above which the price may perhaps rise towards $1,220. Source: ETHUSD on TradingView.com The key barrier is still near the $1,280 level, above which the price could gain strength. In the stated case, the price could rise towards the $1,350 resistance zone. More Losses in ETH? If ethereum fails to rise above the $1,180 resistance, it could continue to move down. An initial support on the downside is near the $1,123 zone. The next major support is near the $1,080 zone. A downside break below the $1,080 support may perhaps send the price further lower. In the stated case, the price may perhaps decline toward the $1,020 level. If the price fails to stay above the $1,020 or $1,000, it could even slide towards the $950 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now well below the 50 level. Major Support Level – $1,125 Major Resistance Level – $1,180

The embattled platform continues to wind down its debts to decentralized finance (DeFi) lending protocols, having just paid off 20 million USDC to Aave.

Projects formerly running on the fallen Terra blockchain have collaborated to help each other migrate over to the Polygon layer-two network.

TradeStation Crypto, a self-clearing online brokerage for trading cryptocurrencies, today announced adding trading support for six additional coins to its trading platform. The coins below are now available to TradeStation Crypto clients: Aave (AAVE Compound (COMP Chainlink (LINK) Polygon (MATIC) Maker (MKR) Shiba Inu (SHIB) “We are thrilled to expand the number of coins we…
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Interest in Axie Infinity appears to be picking up again following the launch of its new NFT land staking feature and ongoing upgrades to the Origin battle game mode.

This is one aspect of the transition I don’t understand. Won’t miners have an incentive to run the old software, keep mining coins, and hope they retain some value? submitted by /u/Sugarbird676 [link] [comments]

This is not about XRP it's about entire crypto, no coin is safe if SEC wins this case. I'm pretty sure they will sue another big market cap after, possibly Ether. And that would be disaster. It doesn't matter if you are xrp holder or not, if you're in US or not.. You should be…
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Bitcoin trimmed gains and declined below $21,000 against the US Dollar. BTC must stay above $20,500 to avoid a major decline in the near term. Bitcoin failed to stay above the $21,000 support and extended drop. The price is now trading below the $21,500 level and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $20,520 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another major decline if there is a clear move below $20,500. Bitcoin Price Reaches Support Bitcoin price attempted a close above the $22,000 level, but the bears remained active. As a result, there was a slow and steady decline below the $21,500 level. The price declined below the 50% Fib retracement level of the upward move from the $19,300 swing low to $22,498 high. The price is now trading below the $21,500 level and the 100 hourly simple moving average. It is testing the key $20,500 support zone. There is also a major bullish trend line forming with support near $20,520 on the hourly chart of the BTC/USD pair. The trend line is near the 61.8% Fib retracement level of the upward move from the $19,300 swing low to $22,498 high. If bitcoin price stays above the trend line, it could correct above $20,800. On the upside, the price is facing resistance near the $20,800 and $20,850 levels. Source: BTCUSD on TradingView.com The next key resistance is near the $21,250 zone and the 100 hourly simple moving average. A close above the $21,250 resistance zone could set the pace for a test of the $22,000 level. Any more gains might open the doors for an increase towards the $22,500 level. The next major resistance sits near the $23,200 level. Downside Break in BTC? If bitcoin fails to stay above the trend line support, it could continue to move down below $20,500. An immediate support on the downside is near the $20,050 level. The next major support now sits near the $19,600 level or the last swing low. A close below the $19,600 support zone could push the price to $19,000. In the stated case, there is a risk of a move towards the $18,500 level. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now in the oversold zone. Major Support Levels – $20,500, followed by $20,000. Major Resistance Levels – $20,800, $21,250 and $22,000.