The XRP price has been undergoing a series of fluctuations recently, with a constant struggle to maintain its position above key support levels. The price has extended losses below the $0.5120 support zone and tested the $0.5080 level, facing challenges in initiating a recovery wave towards $0.5350. A key bearish trend line has been forming
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The price of Bitcoin has been experiencing a choppy market condition, putting a halt to hopes of a breakout to new highs in the near future. Despite this, there is still optimism surrounding the current bull cycle, with the premier cryptocurrency taking its time to gather momentum for an upward trend. Recently, on-chain observations have
Bitcoin’s recent failure to break above the $72,983 resistance level has resulted in a downward trend in its price. Despite trading above the 1-day Simple Moving Average (SMA), the rejection has caused the crypto asset to drop to $66,785, moving below the SMA in both the 1-hour and 4-hour charts. This decline below the SMA
Recently, there has been a noticeable increase in investor confidence in the crypto market, with Bitcoin emerging as a primary beneficiary of this positive trend. Despite some frustrations surrounding its price action, large-scale investors have been actively accumulating BTC. The premier cryptocurrency ended May below the $70,000 mark, although it had touched this level multiple
US President Joe Biden recently vetoed H.J. Res. 109, a resolution aimed at overturning the SEC’s SAB 121 rule. Biden stated that the rule represents the considered technical views of SEC staff and plays a crucial role in protecting the public. He emphasized that the resolution would limit the SEC’s authority over accounting practices, hindering
A recent analysis conducted by crypto analyst Egrag Crypto has presented a bullish narrative for the XRP price. In this analysis, two potential scenarios were outlined that could lead to a breakout for the crypto token, potentially pushing it as high as $7.5. The Relative Strength Index (RSI) for XRP has reached its lowest levels
In the world of cryptocurrency, Bitcoin has been a hot topic of discussion among analysts and experts. Recently, crypto analyst Pierre shared his insights on why the $69,000 price level is crucial for Bitcoin’s future performance. According to Pierre, breaking above $69,000 could pave the way for Bitcoin to reach a new all-time high (ATH)
Near Protocol has been holding steady throughout the turbulent market conditions of the year 2024, defying multiple crashes and maintaining a relatively stable price. However, recent analysis suggests that the altcoin may have reached its peak and could be headed for a significant downturn. At the beginning of May, Near Protocol’s price formed a wedge
BNB price recently faced a challenge as it struggled near the $615 resistance level. This led to a bearish reaction, causing the price to dip below the $600 support zone. The downward movement was in line with similar movements in Ethereum and Bitcoin. Moreover, the price tested the $585 support zone and traded as low
There has been speculation surrounding the launch of US spot Ethereum ETFs, with Bloomberg ETF analyst Eric Balchunas suggesting that they could potentially launch in June. Balchunas mentioned that while a mid-June launch may be a long shot, there is a legitimate possibility that these ETFs could be available by the end of June. However,