After facing strong resistance at the $2,320 level, Ethereum price has entered a correction phase. The bulls are currently taking a step back, allowing the bears to push the price lower. There is a possibility that Ethereum may test the $2,050 support zone before the bulls regain control. As the correction takes place, Ethereum is
Bitcoin
The cryptocurrency market is facing a prolonged bearish trend, with most digital assets experiencing a significant downturn. However, NEAR Protocol (NEAR) stands out as an exception, displaying remarkable resilience and defying the prevailing downtrend. With a sustained upward trajectory since mid-December, NEAR has captured the attention of market participants and enthusiasts alike. In just seven
XRP price has found support at the $0.578 level and is now primed for a bullish surge towards the $0.680 and $0.700 levels. The digital asset is currently trading above $0.620 and the 100 simple moving average (4 hours), indicating positive momentum in the market. A key rising channel is forming with resistance near $0.650
A cryptocurrency analyst has recently highlighted a potential sell signal in Polkadot’s weekly price chart, indicating a potential decline in the cryptocurrency’s value. This analysis is based on the TD Sequential indicator, which is commonly used in technical analysis to identify potential reversal points in an asset’s price. In this article, we will explore the
The Shiba Inu burn initiative is off to a strong start this week, with a remarkable increase in its token burn rate. In the past 24 hours, the burn rate has surged by over 5,000%, indicating a significant reduction in the supply of SHIB tokens. Let’s delve into the details of this impressive development and
Solana, a prominent cryptocurrency, has experienced significant gains throughout the year, reaching a new milestone in December. The price of Solana has nearly doubled since the beginning of the month, attracting more users to this promising digital asset. As a result, the Solana blockchain has witnessed an extraordinary surge in user engagement. In fact, within
XRP has experienced a recurring cold spell in the month of December over the years, characterized by red charts and a general downtrend. The memory of the 66% drop in 2021 still haunts some buyers, instilling fear and caution in the market. However, there was a time when XRP experienced remarkable growth, with an impressive
Ethereum (ETH) has been making headlines in the crypto space throughout 2023. As the second-largest cryptocurrency and the most prominent altcoin, ETH has attracted investor interest for numerous reasons. Despite positive developments such as the Shanghai/Capella upgrade and increased institutional adoption, Ethereum’s market performance has not been as impressive as that of other major assets.
The altcoin market has been gaining significant attention as 2023 concludes, with Polkadot emerging as a standout performer. With an impressive 47% gain in December alone, Polkadot (DOT) continues to garner interest from investors and traders alike. Recent developments have seen the value of DOT surge by 20% in just the past two days, breaking
Cryptocurrencies, including XRP, have experienced significant price fluctuations throughout this year, demonstrating their volatile nature. However, XRP has shown a promising upward trend, with a 74% price increase so far. Despite the current stability, the cryptocurrency seems to be entering a consolidation phase. In this article, we will analyze a recent AI analysis by Bard
