The on-chain analytics firm Santiment has revealed how Shiba Inu and XRP are among altcoins that are seeing a bullish divergence on the MVRV Z-Score. MVRV Z-Score Says XRP And Shiba Inu Traders Are Seeing Losses Currently In a new…
Category: Crypto Analysis
Polygon Ecosystem On Fire: Daily Active Addresses And Transactions Soar, MATIC Gains 5%
Layer 2 scaling solution Polygon has maintained strong network activity even as the broader cryptocurrency market and its native token, MATIC, experienced a downturn in the second quarter of 2024, according to a new report from market intelligence platform Messari.…
Bitcoin Supply Drop Signals Upbeat Price Movement, Analyst Says
After its latest halving event, Bitcoin sent a positive signal throughout the crypto market. Historically, this big drop in supply has been connected to notable price gains, which has inspired investor hope. The halving, which cut the rate at which…
Toncoin Under Pressure As TON Price Falls Below 100-Day SMA, $6 Looms
Toncoin (TON) has recently seen a notable price decline, dropping below its 100-day Simple Moving Average (SMA). This breach of a critical technical indicator has placed the digital asset under bearish pressure, raising concerns among investors and traders. With the…
Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance?
Ethereum price extended losses and tested the $3,080 support zone. ETH is recovering and might aim for a test of the $3,350 resistance zone. Ethereum tested $3,080 and started a recovery wave. The price is trading below $3,350 and the…
Crypto Backs Donald Trump: $4 Million War Chest In Bitcoin, XRP For Re-election
Former President Donald Trump is set to deliver a keynote address at the 2024 Bitcoin Conference in Nashville, Tennessee, this weekend, amid growing speculation that Trump may announce Bitcoin as a strategic reserve asset for the United States. This move…
Cardano Down 50% In 4 Months: Sellers Unrelenting, Best Time To Buy ADA?
Cardano has been under pressure and selling off in the past four months. From the ADAUSDT daily chart, it is evident that bears have been in control. After peaking in March, prices plunged by as much as 60% before finding…
Cardano In The Spotlight: Why The $0.6 Level Is Important To ADA
Cardano (ADA) is currently in a pronounced seven-day decline, which was exacerbated by a fresh descent below the $0.41 mark. This decline is part of a broader trend observed across many altcoins, which have reacted negatively to Ethereum’s significant drop…
Ethereum Spot ETF Hype: ETH Whale Activity 64% More Than BTC
On-chain data shows whale activity on the Ethereum blockchain has been quite high recently due to the excitement around the spot exchange-traded funds (ETFs). Ethereum Whales Showing Significantly Higher Activity Than Bitcoin Ones According to data from the on-chain analytics…
Cardano (ADA) Falls: Ethereum’s Decline Pulls Altcoins Down
Cardano price started a fresh decline below the $0.4120 support. Ethereum’s decline seems to be dragging ADA lower toward the $0.380 support. ADA price started a fresh decline from the $0.450 resistance zone. The price is trading below $0.4120 and…