Category: Cryptocurrency News

If Bitcoin rises from the current level, it could boost the price of MATC, NEAR, ATOM, and HNT in the short term.

When looking at the crypto marketplace, I see many coins such as Hedera, Solana, and Cardano to name a few, who are massively superior in most senses like energy consumption, transactional speed and security, and gas fees, to the major coins such as BTC and ETH. And yet, these big cryptos are still seen as…
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Ethereum corrected lower from the $4,150 resistance zone against the US Dollar. ETH price is holding the $4,000 support and could start a fresh increase. Ethereum is trading above the $4,000 and $4,050 support levels. The price is trading above $4,040 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $4,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $4,000 to continue higher in the near term. Ethereum Price Holds Key Support Ethereum attempted an upside break above the $4,150 resistance zone but failed. ETH started a downside correction and traded below $4,100. There was a break below the 23.6% Fib retracement level of the upward move from the $3,895 swing low to $4,155 high. The price even spiked below $4,050 and the 100 hourly simple moving average. However, the bulls remained active near the $4,000 level. The 50% Fib retracement level of the upward move from the $3,895 swing low to $4,155 high also acted as a support. It is now rising and trading above the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $4,100 level. There is also a key bearish trend line forming with resistance near $4,100 on the hourly chart of ETH/USD. The next major resistance is near the $4,155 level. A clear upside break above the $4,155 level could start another major increase in the near term. In the stated case, the price could rise towards the $4,250 level. Any more gains could send the price towards the $4,350 level. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,100 level, it could correct further lower. An initial support on the downside is near the $4,040 level and the 100 hourly SMA. The first key support is now forming near the $4,000 level. A downside break below the $4,040 and $4,000 levels could put a lot of pressure on the bulls. In the stated case, the price could decline towards the $3,920 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is above the 50 level. Major Support Level – $4,000 Major Resistance Level – $4,155

The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, has reportedly passed a resolution demanding a ban on cryptocurrency in India. “Disobeying the ban should make person/entity liable to financial penalty,” the resolution states. Swadeshi Jagran Manch Wants Crypto Outrightly Banned in India The Swadeshi Jagran Manch (SJM), the Indian economic, […]

submitted by /u/alexo12 [link] [comments]

Any realistic headlines that you can see happening in the year of 2022, but are not price related?! Another country adopting? Spot based ETF approval? Low ETH fees consistently? The flipping event? Crypto looks to becoming mainstream with naming rights of arenas and big time celebrities getting involved. NFTS has made a splash and brought…
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Hey guys, I got my ETH stolen yesterday because a fake metamask support account on twitter convinced me to give up my seed phrase to help me claim $SOS tokens. (I know I wasn't thinking). However, after doing some reading, I realized that $10m in crypto is stolen from people's wallets every single day and…
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Bitcoin is holding gains above the $50,000 resistance against the US Dollar. BTC is showing positive signs and there could be more gains above $52,000. Bitcoin settled above the $50,000 resistance zone and dips remained supported. The price is trading well above $50,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $50,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is gaining pace and might soon clear the $51,200 resistance zone in the near term. Bitcoin Price Gains Pace Bitcoin price started a minor downside correction from the $51,800 zone. BTC declined below the $51,200 level to move into a short-term bearish zone. There was a break below the 50% Fib retracement level of the upward move increase from the $48,105 swing low to $51,800 high. There was even a spike below the $50,000 level and the 100 hourly simple moving average. However, dips remained limited below $50,000. The price tested the 61.8% Fib retracement level of the upward move increase from the $48,105 swing low to $51,800 high. It formed a base and started a fresh increase above the $50,000 level. Bitcoin is trading well above $50,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $50,400 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com An immediate resistance on the upside is near the $51,200 level. The next key resistance could be $51,500. A clear move above the $51,500 resistance zone could start a fresh increase. The next major stop for the bulls may possibly be near the $53,500 level. Dips Limited In BTC? If bitcoin fails to clear the $51,200 resistance zone, it could start another downside correction. An immediate support on the downside is near the $50,200 level. The first major support is near $50,000. A downside break below the $50,000 level could push the price towards the $49,400 support. Any more losses may possibly push the price towards the $48,500 support zone. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well above the 50 level. Major Support Levels – $50,200, followed by $50,000. Major Resistance Levels – $51,500, $52,000 and $53,500.