Category: Cryptocurrency News

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Dogecoin has been flashing bullish signs on its short term chart. The coin is currently trading laterally. Over the past week, DOGE registered 7% appreciation. The meme-coin has stabilised on the $0.06 support line. The key support level for the coin stood at $0.064. For DOGE to continue on a bullish path, demand for the coin has to remain in the positive. On the four hour chart, Dogecoin is targeting the $0.07 level. Although buying strength is still in the positive, there has been a minor decline in the buying pressure on the short term chart. If buying strength declines, then a pullback is in order for the meme-coin. Bulls will lose steam if the coin does not manage to trade above the $0.064 level for a considerable period of time. With Bitcoin’s price showing signs of upward movement, altcoins are also registering relief on their charts. The global cryptocurrency market cap today is $997 Billion with a 1.7% positive change in the last 24 hours. Dogecoin Price Analysis: Four Hour Chart DOGE was trading at $0.069 at press time. The coin has mostly registered sideways trading but has managed to slowly gain over the past weeks. Buyers currently outnumber sellers but if Dogecoin doesn’t move past the $0.070 mark, buying strength might lose momentum. This may cause DOGE to revisit the $0.047 support level. If Dogecoin moves above the $0.070 resistance mark  and trades there for a substantial period of time then a jump to $0.094 might be possible. The amount of DOGE traded in the last session declined considerably signifying a fall in selling pressure which remains a sign of bullishness. Technical Analysis With price of the coin increasing steadily the demand for Dogecoin also moved on an upward trajectory. In accordance with the increased buying strength, the Relative Strength Index was pictured above the half-line. This reading signified positive buying strength and bullish price action, however, a small downtick on the indicator was noted. Moving Average Convergence Divergence depicts price momentum. MACD underwent a bullish crossover and flashed green signal bars. These green signal bars suggested buy opportunities. Related Reading | Dogecoin Has Formed A Bullish Reversal Pattern, What’s Next? DOGE’s price action is headed in a bullish way but as the coin laterally traded for sometime, it reflected on the indicator seen on the above chart. Bollinger Bands are tied to depicting chances in price fluctuation. Bollinger Bands opened up slightly however, it was mostly parallel suggesting that price of the coin might not undergo heavy movement. The Directional Movement Index indicates price trend and the strength of the same. DMI was positive as the +DI line (Blue) was above the -DI line (Orange). Average Directional Index (ADX) rose above the 20-mark, which represented that the current price trend was gaining momentum on the chart. This indicated that Dogecoin could log short term gains over the upcoming trading sessions. Related Reading | Dogecoin Adds $1 Billion To Its Market Cap Folllowing Elon Musk’s ‘Boring Company’ Announcement Featured image from Unsplash.com, chart from TradingView.com  

The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relationships with Metropolitan Commercial Bank, “all customers’ USD held with Voyager is FDIC insured.” Voyager Probed by FDIC The Federal Deposit Insurance Corporation (FDIC) is looking into Voyager […]

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Web3 has had severe scalability concerns. But application sidechains have emerged as a viable answer to crypto’s most persistent problem.

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A class-action lawsuit has been filed claiming that cryptocurrency solana (SOL) is an unregistered security under the Howey test. “The specific facts and circumstances relating to SOL securities support the conclusion that SOL is a security under the Howey test,” the plaintiff argued. Solana Is a Security, Lawsuit Claims A lawsuit, filed on July 1 […]

Bitcoin has witnessed a massive plunge from the $30,000 level to $20,000 in the month of June. Price of Bitcoin has been witnessing movement within a range of $20,000 and $21,000 respectively. The short term technical outlook of the coin has been pointing towards bullishness. It is however too soon to term the upward price direction as a relief rally. If BTC manages to remain afloat above the $21,000 price mark, the coin can target the next price barrier. Buyers have shown optimism on the chart and as a result, price of the coin demonstrated a respite. Bitcoin witnessed overbought conditions over the last 48 hours painting a bullish outlook on the chart. With continued buying strength, BTC might be able to target $24,000, however chances of bullish pullback cannot be ruled out. Bitcoin Price Analysis: Four Hour Chart BTC was trading at $21,600 at the time of writing. The coin has broken past the $20,000 mark and managed to ascend as seen on the above chart. If the cryptocurrency displays a rebound from the consolidation phase, its immediate resistance stands at $24,000. A fall from the current price level will again drag BTC to $20,000 which could fuel a crash to the $16,000 support level. As the demand for BTC grew, the coin managed to secure a 4% gain overnight. The amount of BTC traded in the previous session fell, suggesting that selling pressure had diminished on the chart. This marked a positive sign for Bitcoin. Technical Analysis Bitcoin buyers returned to the market, the $21,000 marks an important demand zone for the coin. BTC registered overbought conditions over the last two days. In accordance with the same, the Relative Strength Index was above the 60-mark suggesting heavy buying strength in the market. Bitcoin was also above the 20-SMA line which meant that buyers were driving the price momentum in the market. The coin was above the 50-SMA which indicated positive price momentum. Related Reading | Crypto Traders Lose $280 Million Following Bitcoin’s Break Above $22,000 BTC on the short term duration flashed signs of heavy accumulation. This is related to increased amount of buying over the past 48 hours and it can be considered bullish for the asset. The Chaikin Money Flow which indicates capital inflows and outflows painted a positive picture. CMF soared up and away from the half-line suggesting growth in capital inflows. Awesome Oscillator was above the half-line, the indicator is responsible for depicting the market trend. A reading above the half-line meant bullish forces were present in the market, however, as the bars turned red, there could be chances of a price pullback. If demand continues to remain stable, Bitcoin can move past its current price level and trade near its immediate price resistance. Related Reading | Why Bitcoin Must Meet These Conditions If It Wants To Stay Above $20K Featured image from UnSplash, charts from TradingView.com

I've been looking at zk-rollup based layer 2 solutions and obviously came across Starkware and noticed: – proprietary software – 8 billion dollar valuation – no plans for a token (if there would be one it would most certainly be a VC dump given how much VC money it has) – no native evm compatibility…
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