Crypto experts are raising concerns about Dogecoin based on a warning sign in its price chart. Tech analyst Josh Olszewicz (@CarpeNoctom) has identified potential signs of a Head and Shoulders (H&S) pattern in the DOGE/USD 12-hour chart, suggesting that if this pattern is confirmed, Dogecoin’s price could experience a substantial decrease. An H&S pattern is … Read more
The Bitcoin reward for miners was reduced by half during the latest halving on April 20, 2024. This development has brought renewed enthusiasm to the crypto market. Although there was a temporary decrease in a significant futures marker, the majority of market signals point towards an uptrend emerging. At Kaiko, a company that offers market … Read more
“Solana made an effort to bounce back above the $140 mark, but its price has been finding it tough to surpass the barriers at $160 and $170.” SOL price recovered higher and tested the $160 resistance against the US Dollar. The price is now trading below $160 and the 100 simple moving average (4 hours). … Read more
Based on a recent Bloomberg article, Sam Bankman-Fried, co-founder of cryptocurrency exchange FTX, has reached an agreement with some of its investors and clients who had filed claims against him to withdraw those claims. As a counterpart, Bankman-Fried has consented to work with the accusers in their ongoing legal disputes against other defendants concerning the … Read more
The Ethereum price was unable to surpass the $3,280 barrier for resistance. Subsequently, Ethereum’s value dropped below the $3,200 mark as support, and it is currently holding steady above $3,100. Ethereum struggled to clear the $3,250 and $3,280 resistance levels. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a … Read more
The price of Bitcoin was unable to surpass the $67,000 mark for resistance. As a result, Bitcoin’s gains were pared back, and it’s currently having a hard time staying above the $63,650 support level. Bitcoin started another decline after it failed to surpass the $67,200 resistance zone. The price is trading below $65,000 and the … Read more
According to on-chain analysis, Bitcoin‘s largest investors (referred to as “whales”) currently hold approximately 25.16% of the total Bitcoin supply. These whales have been actively buying more Bitcoin in recent times, resulting in a growing hoard. Based on information from the cryptocurrency analysis company Santiment, over 266,000 Bitcoins have been amassed by large Bitcoin holders, … Read more
Unexpectedly, Hedera’s native token, HBAR, underwent a remarkable price increase of more than 100% in the wee hours of Tuesday. The coin, which had started at a low of $0.0875, soared to touch $0.1821 by Wednesday. The unexpected development was initiated when word broke out about BlackRock launching its tokenized fund, BUIDL. This announcement fueled … Read more
Over the past two days, XRP‘s price has bounced back, bringing optimism back to the market. This positive trend is believed to persist, with some analysts predicting a significant increase – up to 70% – according to RLinda, a well-known crypto expert. XRP Price Completes A False Breakdown In an examination shared on TradingView, crypto … Read more
According to Ki Young Ju, the founder of CryptoQuant, there’s been an uptick in the transfer of older Bitcoins on the X network. This trend is reflected in Bitcoin’s Average Dormancy chart, which has reached a 13-year peak recently. In simpler terms, a large number of Bitcoins that have not been active for a long … Read more