Analysis

Bitcoin’s price recently faced a hurdle while trying to surpass the $63,650 resistance zone, leading to a correction in its value. The cryptocurrency is currently retracing its gains and eyeing a potential revisit to the $60,850 support level. This downward correction comes after a failed attempt at breaking above key resistance levels. The price of
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Recently, Ethereum price faced a downside correction from the $3,520 zone. However, it remains stable above $3,420 and shows signs of attempting another increase in the near term. The price failed to surpass the $3,520 zone, leading to a corrective movement. Despite this, Ethereum is currently trading above $3,420 and the 100-hourly Simple Moving Average.
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The recent report released by the Polkadot Treasury for the first half of 2024 has sparked worries within the cryptocurrency community. The report indicates that the Treasury’s assets, spread across multiple chains, have become increasingly complex and challenging to manage effectively. This raises questions about the sustainability of Polkadot’s financial resources in the long term.
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Bitcoin’s price has been consolidating above the $60,550 support zone, but it is facing challenges in breaking above key resistance levels. The cryptocurrency is currently trading above $61,500 and the 100 hourly Simple Moving Average, indicating some stability in the market. However, the price has failed to recover above the $62,200 and $62,400 levels, making
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