Day: June 14, 2024

DOGE Breaking Support Could Spark Bearish Action

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Dogecoin is showing bearish signs below the $0.150 resistance zone against the US Dollar. DOGE could accelerate lower if it breaks the $0.140 support. DOGE price is moving lower below the $0.150 support zone. The price is trading below the $0.1450 level and the 100-hourly simple moving average. There was a break below a key bullish trend line with support near $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1450 to gain bullish momentum and continue higher. Dogecoin Price Dips…

Key Support Levels to Watch

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XRP price failed to stay above the $0.4840 support zone. The price declined and tested the $0.4750 support zone, and is now at risk of more losses. XRP extended losses and traded below the $0.4840 support zone. The price is now trading below $0.4880 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.4880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could recover, but the upside might be limited above the $0.4920 resistance. XRP Price…

Solana Set To Soar? Analyst Predicts Over 50% Surge For SOL If This Key Support Holds

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As the cryptocurrency market experiences its typical ebb and flow, Solana (SOL) draws particular attention from analysts who anticipate significant movements in its price. Currently, Solana is trading just below $150, but recent analyses suggest a potential for a substantial increase. Related Reading Solana Eyes Major Surge As Key Technical Patterns Emerges According to well-known crypto analyst Ali, Solana would surge higher by 53%, with Ali pointing to an ascending triangle pattern that could be a sign of a coming bull rally. Ascending triangle pattern on Solanโ€™s price chart. |…

Binance CEO Sees 2024 as a โ€˜Landmark Yearโ€™ for Crypto

Binance CEO Richard Teng described 2024 as a โ€œlandmark yearโ€ for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). โ€œThe momentum continues to be very strong, which is a very encouraging sign for us โ€ฆ Other [โ€ฆ] Source CryptoX Portal

Market Indicators Point to More Dips

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Ethereum price struggled to clear the $3,650 resistance. ETH started another decline and there is now a risk of more dips below the $3,420 support. Ethereum started a fresh decline below the $3,550 support zone. The price is trading below $3,540 and the 100-hourly Simple Moving Average. There is a crucial bearish trend line forming with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it stays below the $3,550 resistance zone. Ethereum Price Struggle Continues Ethereum price failed to…

Bitcoin Bears Gain Control: Further Drops on the Horizon

Bitcoin price struggled to recover above the $68,000 resistance zone. BTC is again moving lower and might even decline below the $66,000 support zone. Bitcoin started another decline from the $68,200 resistance zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $67,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover but the upsides might be limited above the $68,000 level. Bitcoin Price Turns Red Again Bitcoin…

Coinbase’s State of Crypto report: Here’s what we learned

A staggering 86% of Fortune 500 executives believe tokenization could be valuable for their companies โ€” and The State of Crypto report says theyโ€™re bullish on stablecoins too. Coinbaseโ€™s latest The State of Crypto report has landed โ€” and as ever, it makes for interesting reading. The exchangeโ€™s research struck a bullish tone, and noted that ETFs based on Bitcoinโ€™s spot price in the U.S. have mopped up โ€œsignificant pent-up demandโ€ by allowing investors to gain exposure to the worldโ€™s biggest cryptocurrency. Assets under management in these funds now stands…

Bitwise Forecasts $20 Trillion Boost To Global GDP From Crypto And AI By 2030

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The intersection of artificial intelligence (AI) and crypto is poised to unleash a notable wave that could add a staggering $20 trillion to the global gross domestic product (GDP) by 2030, according to a recent report by Bitcoin ETF issuer Bitwise. The study by analyst Juan Leon highlights the potential magnitude of this synergy, which is expected to surpass current expectations. The annual Consensus conference in Austin further underscored the significance of this trend, with industry experts discussing its wide-ranging implications, from tokenization and regulation to monetary policy and Bitcoin…

BNB Chain and Binance Labs Unveil BNB Incubation Alliance to Boost Blockchain Innovation

BNB Chain and Binance Labs have announced the launch of the BNB Incubation Alliance (BIA), a strategic initiative aimed at accelerating the growth of early-stage blockchain projects. The alliance will collaborate with leading venture capitalists, incubators, and developer communities to foster innovation in the blockchain space, according to the BNB Chain Blog. How the BNB Incubation Alliance Works The BNB Incubation Alliance will organize global events to support promising early-stage projects. These events will be primarily offline and will feature a selection process managed by…

Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation

The Manta Foundation has announced the launch of its $50 million EcoFund, aimed at cultivating a robust ecosystem for leading blockchain projects, according to Manta Network. This initiative comes as part of the foundation’s commitment to providing funding opportunities and developer support to innovative projects within the blockchain space. Funding and Support Opportunities The EcoFund, which is set to run for one year starting June 15th, offers substantial financial support through its Ecosystem Grant Program. The program is designed to empower early-stage projects with grants…