Tag: levels
Litecoin’s Glory Coming Back, Will LTC Price Range Beyond $200 in Next Week?
The post Litecoin’s Glory Coming Back, Will LTC Price Range Beyond $200 in Next Week? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
Most of the altcoins within the crypto space made huge moves without making much noise and Litecoin is one among them. No doubt the asset was swinging within a notable downtrend and slid down below the crucial support levels. But with the recent adoption the asset tends to flip the bearish divergence but whether the …
Ethereum (ETH) Price Bounces From Support Zone, 200 EMA Offers Minor Upside Hurdle
Ethereum (ETH) rises above the $3,300 mark following the previous session’s gains. After testing the highs, the world’s largest altcoin retraced lower and trades with 0.60% losses. Although, the price has recorded gains of 3.16% over the last seven days. ETH shows bullish interest from the long-term support zone of $2,900. A daily acceptance above
The post Ethereum (ETH) Price Bounces From Support Zone, 200 EMA Offers Minor Upside Hurdle appeared first on CoinGape.
Dogecoin (DOGE) Breaks the Downtrend and Eyes at Another 35% Upswing in the Next Week!
The post Dogecoin (DOGE) Breaks the Downtrend and Eyes at Another 35% Upswing in the Next Week! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
While many other crypto assets are attempting to sustain within the trembled situation, Dogecoin aims at making huge moves in the upcoming days. The popular memecoin yet again proved the necessity of an external factor to range beyond its depleting trend. But the main contrast with the recent plunge is the asset managed to sustain …
What is Chumbi Valley? (CHMB & LSTS)
Chumbi Valley is a mystical RPG blockchain game that features pets called Chumbis. Zelda and Pokemon have captivated our childhood, and even our adulthood years thanks to their entertaining and addictive gameplays. And while they haven’t announced any plans to migrate to blockchain gaming, one new game has dared to fuse their most exciting elements to […]
The post What is Chumbi Valley? (CHMB & LSTS) appeared first on Asia Crypto Today.
It’s Now or Never Rally for Bitcoin, BTC Price Primed to Go Lower Before Making a Huge Move Beyond $50K!
The post It’s Now or Never Rally for Bitcoin, BTC Price Primed to Go Lower Before Making a Huge Move Beyond $50K! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
The bearish trend is just about to end with the Bitcoin price as the asset is primed to enter a notable uptrend very soon. The crypto space since the past working day is showing some sign of strength with BTC price trading around $43K levels yet again. No doubt the asset is hovering along the …
STX Technical Analysis: Growing Consolidation Within EMAs Teases A Bull Run: Is It Too Soon To Buy?
STX coin price action forms a consolidation range between the 100 and 50-day EMAs. Will the recovery help in the bullish breakout? Stacks is a layer-1 blockchain technology that is designed to enable smart contracts as well as Decentralized Applications (DApps) to Bitcoin (BTC). These smart contracts are added to Bitcoin without altering any of the characteristics that make Bitcoin so effective such as its security and stability. It is powered by Stacks token (STX) that is used to fuel an execution process for smart contracts processing transactions, and also for creating new digital assets to the Stacks 2.0 blockchain. Let us move ahead to read about Stacks technical analysis. Past Performance of STX The STX coin price action shows a growth of 10% in the past week despite the bloodbath in the crypto market. However, the growth comes after a 20% fall from $2.40 to $1.85. The coin price shows a sideways movement for the past few days, but the presence of lower price rejection is clearly visible. That is why a stronger bullish side is seen. STX/USD Daily Chart STX Technical Analysis The STX coin price hints at a morning star pattern formation in the daily chart with substantially lower price rejection. Therefore, the possibility of a price jump by the day’s end is increasing. Crucial EMAs (50, 100, and 200) maintain a sideways trend in a bullish alignment in the daily chart. Moreover, the range formation between the 100 and 50-days EMA will shortly provide a breakout entry opportunity. The RSI indicator at 48% indicates the slope struggling to surpass the central mark in the daily chart. Moreover, the slope struggles to surpass the 14-day SMA as well. The MACD indicator shows the bearish histograms maintain a trend in the daily chart. However, the slight reversal in the fast line increases the chances of a bullish crossover. Therefore, the technical analysis shows the bullish powers struggling to take back the trend control. Upcoming Trend The sideways momentum in the STX coin price maintains a consolidation range in motion. However, the lower price rejection indicates a high possibility of a bullish breakout. The price action suggests upcoming resistance levels at $2.40 and $2.60 above the 50-day EMA. And, the support levels are at $1.85 and $1.65, below the 100-day EMA. At press time, the sentiments chart remains “NEUTRAL” on the STX coin.
The post STX Technical Analysis: Growing Consolidation Within EMAs Teases A Bull Run: Is It Too Soon To Buy? appeared first on Cryptoknowmics-Crypto News and Media Platform.
Uniswap Makes Positive Moves but Lacks Buyers at Higher Price Levels
Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows
Production costs for miners are around $34,000, and together with transaction fees, miners need not worry about another $40,000 support challenge on BTC/USD.
MKR Technical Analysis: Bulls Ride Up Against High Selling Pressure, Will the Buying Pressure Persist?
MKR coin price shows a sudden jump but struggles to rise above a high selling pressure near $2200. Will the bulls overcome the selling pressure? Maker (MKR) is the governance token of MakerDAO as well as the Maker Protocol. The decentralized autonomous organization and the software platform both are built upon Ethereum. Ethereum blockchain permits users to manage and issue the stablecoin of DAI. The Maker tokens are the equivalent of a voting share for the company that runs DAI and, while they don’t provide dividends to their owners. However, they grant the holders the right to vote in the advancement of the Maker Protocol and will increase in value according to the performance of DAI itself. Let us move ahead to read about Maker technical analysis. Past Performance of MKR The MKR coin price action shows lower price rejection near the horizontal level, slightly below $2000 at $1975. The lower price rejection drives the price close to $2200. However, the short-coming resistance trendline and the $2200 resistance level halt the increasing prices, teasing a reversal shortly. MKR/USD Daily Chart MKR Technical Analysis The MKR coin price consolidates between $2000 and $2200 in the daily chart while the price rests near the resistance after the price jump of 10%. Therefore, the recent jump indicates a high possibility of a range breakout. Crucial EMAs (50, 100, and 200) trend lower in a bearish alignment that may halt the post-breakout bull run. Therefore, traders need to keep an eye on the prices once they reach near the 50-day EMA. The RSI indicator at 44% shows a gradual rise in the slope with a higher high formation in the daily chart. Moreover, the recent bullish crossover with the 14-day SMA reflects a rise in buying pressure. The MACD indicator shows the MACD and signal lines merge in the daily chart, indicating a high possibility of a bullish crossover. Moreover, the rise of bullish histograms reflects a jump in underlying bullishness. Therefore, the technical analysis shows a rise in bullishness teasing a breakout of the consolidation range. Upcoming Trend The rising bullish powers within the consolidation range hints at a jump above the selling pressure at $2200 and the resistance trendline. However, price action confirmation is a must for safe traders. The price action suggests upcoming resistance levels at $250 and $300 ahead of the consolidation range. And, in case of a bearish reversal, the price can find support at $2000 and $1750. At press time, the sentiments chart gives a “SELL” signal for the Maker token.
The post MKR Technical Analysis: Bulls Ride Up Against High Selling Pressure, Will the Buying Pressure Persist? appeared first on Cryptoknowmics-Crypto News and Media Platform.