The current price action of Decentraland (MANA) indicates that market optimism is on the rise as the digital currency regains its bullish momentum, with the price now targeting the key resistance level of $0.3713. This recent surge in MANA’s price…
Category: Crypto Analysis
Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA
Cardano is at a significant milestone with the impending Chang hard fork. This pivotal moment follows the recent upgrade of its node validation software before the upgrade goes live. As the Cardano ecosystem gears up for this major update, the…
Ethereum Open Interest Rises By $1.5 Billion – What This Means
Ethereum (ETH) recorded a significant loss in price this week following the trading debut of Ethereum spot ETFs. According to data from CoinMarketCap, ETH has declined by 6.60% in the last seven days, falling as low as $3,100. However, amidst…
Analyst Predicts Solana Rise To $1,400 As Similarities With July 2021 Emerge
Crypto analyst Ali Martinez has identified similarities between Solana’s current price action and the 2021 bull run. Based on his analysis, Solana (SOL) could rise above $1,000 if it mirrors its move from 2021. Solana Could Rise To As High…
Shiba Inu, XRP Forming Bullish Divergence, Analytics Firm Reveals
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…
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…