Category: Cryptocurrency News

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More than 900,000 Mercedes vehicles in the United States will have access to the new ChatGPT-enabled beta feature, which will be trialed for about three months.

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A FOIA request with the SEC regarding Prometheum has been filed, while others found former FINRA and SEC staffers among the firm’s ranks.

Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover.

Dogecoin is attempting a recovery wave above the $0.0585 resistance against the US Dollar. DOGE could rally if it clears the $0.065 resistance zone. DOGE is currently struggling to clear the $0.0628 resistance against the US dollar. The price is trading below the $0.065 zone and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0635 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could start a fresh rally if it clears the $0.065 resistance zone. Dogecoin Price Eyes Recovery After a sharp decline, Dogecoin’s price found support near the $0.0554 zone. DOGE formed a base and recently started a decent recovery above $0.058, similar to Bitcoin and Ethereum. There was a clear move above the $0.0585 resistance zone. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $0.0714 swing high to the $0.0554 low. The price is now consolidating above $0.060. DOGE is still trading below the $0.065 zone and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.0635 on the 4-hours chart of the DOGE/USD pair. On the upside, the price is facing resistance near the $0.0628 level. The first major resistance is near the $0.0635 level and the trend line. It is close to the 50% Fib retracement level of the downward move from the $0.0714 swing high to the $0.0554 low. Source: DOGEUSD on TradingView.com A close above the $0.0635 resistance might send the price toward the $0.065 resistance. The next major resistance is near $0.0675. Any more gains might send the price toward the $0.070 level. More Losses in DOGE? If DOGE’s price fails to gain pace above the $0.0635 level, it could continue to move down. Initial support on the downside is near the $0.0595 level. The next major support is near the $0.0580 level. If there is a downside break below the $0.0585 support, the price could decline further. In the stated case, the price might decline toward the $0.0554 level. Technical Indicators 4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. 4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.0595, $0.0580, and $0.0554. Major Resistance Levels – $0.0628, $0.0635, and $0.0650.

Ethereum price is still struggling below $1,720 against the US Dollar. ETH could continue to move down if it stays below $1,700 and $1,720. Ethereum is slowly moving higher from the $1,620 support zone. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to recover above the $1,700 and $1,720 resistance levels. Ethereum Price Faces Uphill Task Ethereum’s price remained in a bearish zone below the $1,720 resistance. ETH extended its decline below the $1,660 level, similar to Bitcoin. There was a spike below the $1,630 support. The price tested the $1,620 zone. A low is formed near $1,620 and the price is now attempting a recovery wave. There was a move above the $1,640 and $1,650 levels. The bulls pushed the price toward the 50% Fib retracement level of the downward move from the $1,748 swing high to the $1,620 low. Ether is still trading below $1,700 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance near $1,720 on the hourly chart of ETH/USD. Immediate resistance is near the $1,700 level or the 100-hourly Simple Moving Average. It is close to the 61.8% Fib retracement level of the downward move from the $1,748 swing high to the $1,620 low. The next major resistance is near the $1,720 level and the trend line. Source: ETHUSD on TradingView.com A proper move above the $1,700 and $1,720 resistance levels might start a steady recovery wave. The next resistance sits near $1,775, above which Ethereum could rise toward the $1,820 level. Any more gains above the $1,820 resistance zone might send the price toward the $1,850 resistance. Fresh Decline in ETH? If Ethereum fails to clear the $1,700 resistance, it could start another decline. Initial support on the downside is near the $1,640 level. The next major support is near the $1,620 level. If there is a break and close below the $1,620 support, the price could dive toward the $1,550 support. Any more losses may perhaps send the price toward the $1,500 zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,620 Major Resistance Level – $1,700

A District Judge ordered a separate trial for the DOJ’s charges against Sam Bankman-Fried which were added following his extradition to the U.S.