Upcoming Muse NFT album becomes first new format added to charts in years
Will of the People, the upcoming Muse NFT album, is the newest chart-eligible album format to be added in seven years.
Will of the People, the upcoming Muse NFT album, is the newest chart-eligible album format to be added in seven years.
Optimism has been one of the best-performing altcoins, over the past weeks. Optimism Rollup network is one of the many blockchain solutions trying to solve Ethereum scalability solutions. Related Reading: How High Can Ethereum Go Before The Merge OP has shown a powerful bullish trend and continues to show why this is a crypto coin to accumulate for the bull run. Daily Chart Analysis Of Optimism (OP) Optimism (OP) started its bullish trend from the low of $0.45; after breaking out from the ranging channel with a resistance of $0.58, it has maintained an upward trend for the past weeks, going as high as $1.96, which is more than 300%. Daily low – $0.45 Daily high – $1.96 Daily supports – $1.34, $0.93, $0.45 OP on the daily chart looks good with a strong uptrend over the past few days. The structure of the bullish trends remains intact but accompanies it with a low volume showing that we could be coming to the end of the bullish trend. The support on the 1D charts for OP has already been indicated to allow possible accumulation or Dollar Cost Averaging (DCA) Dollar Cost averaging is a strategy employed to buy crypto assets with a sum of money in bits over time or a strategy used to buy crypto assets at market levels as the assets make reversals. As of writing, OP is trading at $1.567 and could go to $1.34, which is the nearest support for accumulation. This support corresponds with the Fibonacci retracement of 61.8%, a healthy pullback for all crypto assets that must maintain a strong bullish uptrend. OP would have difficulty breaking its All Time High (ATH) of $2.2, but should this region be broken; OP will continually in an upward trend or a price discovery to form a resistance and major support. Major support – $1.54, $0.93, $0.60, $0.45 Major resistance – $2.1 OP On The 4H Chart On the 4H chart, OP shows a bearish divergence sign – meaning we could be coming to the end of the bullish trend that has lasted for several days. OP is currently trying to break below the ascending wedge on the 1H timeframe; a break and close below would mean going down to the next support. OP holding above $1.1 means the bullish structure is still valid, but a break to the low of this range would invalidate the setup. Major supports on 4H – $1.1, $0.9 Major resistance on 4H – $2.1 OP, in general, looks good both in the bear market and in the next bull run; this is one of the assets with a good use case and a very strong community behind it. Related Reading: TA: Bitcoin Price Struggles Below $25K, Signs of Double Top Emerges
The Central Bank of Honduras has published a release that seeks to clarify the stance the institution takes about the use of cryptocurrencies in the country. The organization states that even with the popularity such instruments have attained in other countries, cryptocurrencies have no backing of any sort, and are also affected by high levels […]
British financial watchdog will tighten the guidelines for promoting high-risk products to individual investors.
Scammers are using fake crypto apps to steal funds from investors. Some malicious apps find their way into official app stores.
In July, exchanges flocked to get approvals under Dubai’s Virtual Asset Regulatory Authority (VARA) to expand their operations within the region.
The Polygon (MATIC) has had an impressive bull run seen in the last couple of days. The coin is treading above the EMA red lines as seen on the daily price chart. On the other hand, MATIC’s trading volume has plunged by as much as 42% or $1.1 billion overnight. MATIC price went for a bull run right after it breached the symmetrical triangle pattern spotted on the upside. As it turns out, $1.0 had been a critical level to break for a long time which was a tough challenge for MATIC. MATIC/USDT Currently At $0.93 MATIC/USDT pair is currently trading at $0.93. Bears are having a hard time keeping the coin’s price under $1.0. Moreover, Polygon’s price is shooting for the 200 DMA line. Meanwhile, Polygon’s total market capitalization has declined by 2.5% or is currently at $7.4 billion as seen over the past 24 hours. Trading volume for MATIC has also dropped by 42% or to $1.1 billion as seen overnight. RSI is also looking bullish as it was able to rebound successfully from its lower bottom. Despite the bull run, Polygon has been struggling to bust the resistance level of $1.0. However, a resistance breakout is looming for next week. Valdrin Tahiri, a top crypto expert, said that Polygon was able to jump off the critical support at $0.74 plus was able to cross the resistance line. More so, MATIC is targeting to test and shift the resistance at $0.74 to the support line. Polygon To Rise 20x To 60x In Next Bull Run Tahiri says that MATIC is trying to complete the fourth of the five-wave sequence of downward movements as the coin is bottoming out. MATIC is now ready to breach the upward trend once the last leg of the five waves is completed and targeting $1.40. CryptoFaibik, a popular crypto expert and YouTuber, was able to spot a bullish streak in the price chart of MATIC referred to as the Descending Broadening Wedge Breakout, which indicates the coin’s upside reversal. The crypto expert has set its eye on $1.97 or a 217% increase in MATIC price. According to Michäel van de Poppe, a popular crypto expert and educator, MATIC’s price is set to increase around 20x to 60x in the next bull run or uptrend. More so, analysts have also seen a bullish streak in the Polygon price chart allowing exception gains. MATIC traders and holders are enjoying the advantage of the partnerships and expansion projects that have been announced in the past month. MATIC total market cap at $7.20 billion on the daily chart | Source: TradingView.com Featured image from Analytics Insight, chart from TradingView.com
Binance’s new Binance Account Bound token is aimed at many use cases in the decentralized society but will initially only serve as Binance KYC user credentials.
Bitcoin was trading marginally lower to start the week, as prices of the token fell lower for a fourth consecutive session. The world’s largest cryptocurrency has suffered from increased market volatility, following last Saturday’s surge to a six-week high above $24,000. Ethereum was also in the red on Monday. Bitcoin Bitcoin (BTC) was trading in […]
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