Day: September 25, 2020

Weekly Cloud Indicator: XRP May Rain Down Pain On Ripple Investors

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Weeks ago, XRP outperformed the rest of the market, surprising Ripple investors and other crypto holders alike. A recovery looked to be in full effect, but the altcoin has since fallen back to the bottom of weekly cloud support where bulls are trying to hold. If the cryptocurrency loses cloud support on weekly timeframes, it could rain down a storm of pain on XRP investors who have already sustained so much frustration in the last few years. XRP Ready To Fall Out Of Cloud Support, Storm Of Pain Could Strike…

The Pivotal Bitcoin Level Analysts Are Watching as End of September Nears

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It’s been quite a boring month for Bitcoin. After plunging around $2,000 at the start of the month, the leading cryptocurrency has entered a tight consolidation range between $10,000 and $11,000, bouncing back and forth between those pivotal technical levels. As of this article’s writing, BTC trades for $10,700, at levels that some analysts have dubbed no man’s land. Here’s a crucial level analysts are eyeing as Bitcoin nears the end of September. How the cryptocurrency interacts with that level is likely to decide Bitcoin’s directionality moving forward. Related Reading: MicroStrategy’s…

Uniswap’s UNI Token Could Rocket Past $6.00 as Bulls Defend Crucial Support

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UNI – the governance token of the Uniswap platform – has been seeing some immense turbulence in the time since its launch. The hype surrounding the token – which was airdropped to all of Uniswap’s users – sent the price of the cryptocurrency rallying up to highs of $8.50. The token lost its momentum once it reached these highs and dipped down towards lows of $3.75. In the time since this rejection and selloff, bulls have stabilized its price around $5.00, with buyers not gaining further control over its near-term…