Category: Cryptocurrency News

The regulator will publish a final report based on feedback received and submit the draft technical standards to the European Commission by June 2024.

THORSwap acknowledged the ongoing illicit use of the DEX and are acting to find a permanent block to the misuse.

Cardano (ADA) has been on a rollercoaster ride in the cryptocurrency market, with its recent price recovery rally encountering some significant challenges.  As of the latest data from CoinGecko, ADA is trading at $0.261, showing a modest 1.7% gain in the past 24 hours, but boasting a seven-day rally of 4.9%. However, beneath the surface, there are signs of growing overhead pressure that could limit ADA’s upward momentum. ADA’s journey to reclaim its previous highs faces its first major hurdle at the $0.26 mark. But this is just the beginning, as multiple layers of resistance lie above it, signifying significant supplier congestion levels. The price recovery may be stalling due to these formidable barriers. Related Reading: Solana Price On Fire: October Red-Hot Prediction – $30 Within Reach? Cardano: Key Insights To gain a deeper understanding of ADA’s current price dynamics, we turn to a new price analysis. Data reveals a crucial level of buying interest at $0.25. In fact, over 600,000 ADA buy limit orders are placed at this level.  This suggests that if ADA can breach the range-high and the 50-day Exponential Moving Average (EMA), it might find support around the mid-range of $0.25. On the sell side, key sell limit orders start to emerge between $0.265 and $0.270, indicating that there is substantial selling pressure just above the current price levels. ADA market cap currently at $9.1 billion. Chart: TradingView.com The fate of ADA’s price also hinges on Bitcoin’s performance. Should Bitcoin post losses and dip below $27,500, ADA could follow suit, potentially finding support at the mid-range of $0.25. Conversely, a bullish rally in Bitcoin could set the stage for ADA to re-target its next hurdle at $0.28. Related Reading: XRP Battle With Resistance: Could A Crucial Update Propel The Altcoin Forward? Technical Indicators Signal Caution Technical indicators are also raising caution flags for ADA investors. The Relative Strength Index (RSI) is currently below the 50 level and trending downward, indicating fading momentum. Furthermore, the Awesome Oscillator (AO) remains in negative territory, signaling a lack of bullish sentiment. ADA  Global In/Out of the Money (GIOM) metric. Source: IntoTheBlock/FXStreet Descent To Range Low Likely Considering the current market conditions and technical indicators, analysts are leaning towards a bearish outlook for Cardano’s price. There is a possibility that ADA could descend to test the support floor at $0.2415. In a worst-case scenario, the price could plummet further, potentially reaching the range low of $0.2200, marking a substantial 15% drop from its current levels. While Cardano has shown resilience with its recent gains, the road ahead is riddled with resistance levels, and Bitcoin’s influence remains a significant factor. Investors should closely monitor the developments in ADA’s price, as it navigates through these challenging market conditions. The cryptocurrency landscape is as unpredictable as ever, and ADA’s journey is far from certain. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from

The umbrella organization for Canada’s securities regulators has set conditions for trading and issuing stablecoins.

A fault in the Stars Arena price function allowed hackers to escape with roughly $2,000; however, the vulnerability has since been patched.

BNB price (Binance coin) is still struggling to clear the $220 resistance against the US Dollar. The price could decline heavily below the $210 and $202 support levels. Binance coin price is slowly moving lower from the $220 resistance against the US Dollar. The price is now trading below $215 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $214.5 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might accelerate lower if it breaks the $210 support level. Binance Coin Price Remains At Risk This past week, BNB price attempted a recovery wave above the $210 level. The price was able to clear the $215 resistance zone. However, it failed to clear the $220 resistance. There was a fresh decline in BNB, like Bitcoin and Ethereum. The price declined below the $215 support level. The bears pushed the price below the 50% Fib retracement level of the upward move from the $207 swing low to the $221 high. Besides, there was a break below a key bullish trend line with support near $214.5 on the 4-hour chart of the BNB/USD pair. The price is now trading below $215 and the 100 simple moving average (4 hours). It is consolidating near the 76.4% Fib retracement level of the upward move from the $207 swing low to the $221 high. If there is a recovery wave, the price could face resistance near the $213 level and the 100 simple moving average (4 hours). Source: BNBUSD on TradingView.com The next resistance sits near the $215 level. A clear move above the $215 zone could send the price further higher. In the stated case, BNB price could test the main resistance at $220-$222. A close above the $222 resistance might set the pace for a larger increase toward the $250 resistance. More Losses in BNB? If BNB fails to clear the $215 resistance, it could start another decline. Initial support on the downside is near the $210 level. The next major support is near the $207 level. If there is a downside break below the $207 support, the price could drop toward the $202 support. Any more losses could initiate a larger decline toward the $165 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $210, $207, and $202. Major Resistance Levels – $215, $220, and $222.

The judge presiding over a class suit by EMAX token investors gave them a final chance to file their claims against celebrities who allegedly promoted it.

Ethereum price is slowly moving lower toward the $1,585 support against the US dollar. ETH must clear the $1,650 resistance to start a recovery wave. Ethereum is struggling to stay above the $1,600 support zone. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,645 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,650 and $1,665 resistance levels. Ethereum Price Grinds Lower Ethereum attempted a recovery wave from the $1,630 zone. ETH climbed above the $1,650 resistance level but upsides were limited, like Bitcoin. The price struggled to gain pace for a move above the $1,665 resistance level. A high was formed near $1,654 and the price reacted to the downside. It declined below the $1,620 support and even traded close to the $1,600 level. A low is formed near $1,607 and the price is now consolidating losses. Ethereum is now trading below $1,650 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance near $1,645 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,630 level. It is close to the 50% Fib retracement level of the recent decline from the $1,654 swing high to the $1,607 low. The next major resistance is $1,650, the trend line, and the 100-hourly Simple Moving Average. The trend line is close to the 76.4% Fib retracement level of the recent decline from the $1,654 swing high to the $1,607 low. A close above the $1,650 resistance might send the price toward the key resistance at $1,665. Source: ETHUSD on TradingView.com To start a steady increase, Ether must settle above the $1,650 and $1,665 levels. The next key resistance might be $1,720. Any more gains might open the doors for a move toward $1,750. More Losses in ETH? If Ethereum fails to clear the $1,650 resistance, it could continue to move down. Initial support on the downside is near the $1,610 level. The next key support is $1,600. The first major support is now near $1,585. A downside break below the $1,585 support might start another strong decline. In the stated case, the price could decline toward the $1,540 level. Any more losses may perhaps send Ether toward the $1,500 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,585 Major Resistance Level – $1,665