Binance users in India can no longer avoid tax payments by making cash deposits for P2P trades as the exchange has suspended this option. Major crypto exchange Binance has blocked the use of cash payments for peer-to-peer (P2P) cryptocurrency trades in India. Local users can no longer buy or sell supported cryptocurrencies by depositing or receiving cash payments. Binance P2P Users in India Cannot Use Cash Anymore Before now, Binance allowed Indian traders to use an escrow option that allows users to close transactions after cash has been received or…
Category: Reviews
Bitcoin Price Slips Lower: Slow Descent or Opportunity Ahead?
Bitcoin price extended losses and declined below the $67,200 level. BTC found support near $66,650 and now consolidating in a range. Bitcoin spiked below $67,000 but the bulls are still in action. The price is trading above $68,000 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance at $68,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $68,400 level. Bitcoin Price Stuck Below $70K Bitcoin price extended its…
DOGE Hang On Tight or Prepare to Bark!
Dogecoin corrected gains and tested the $0.1620 zone against the US Dollar. DOGE is now forming a base and might start a fresh increase above $0.1680. DOGE price declined and tested the key support at $0.1620. The price is trading below the $0.1650 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1685 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.170 to move into a positive zone and start a fresh…
Can Cardano (ADA) Bounce Back? A Closer Look at Its Recovery Potential
Cardano (ADA) corrected gains and tested the $0.4520 support zone. ADA must stay above the $0.450 support to start a fresh upward move. ADA price is struggling to gain bullish momentum above the $0.4750 zone. The price is trading below $0.460 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.4570 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $0.4620. Cardano Price Tests Support…
Will the Rally Ignite a Surge?
Solana found support near the $160 zone. SOL price is slowly rising and might gain bullish momentum if it clears the $172 resistance zone. SOL price corrected lower and tested the $160 support zone against the US Dollar. The price is now trading above $165 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $164 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $172 resistance unless it fails to stay above…
Ethereum Price Dips, Then Rips: Exciting Trading Opportunities Ahead
Ethereum price dipped sharply after it rallied toward $3,940. ETH is now consolidating near $3,850 and is eyeing more upsides in the near term. Ethereum started a consolidation after it rallied toward the $3,940 resistance zone. The price is trading above $3,720 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,620 support. Ethereum Price Eyes More…
Polkadot Price Sets Sights on New Highs: DOT Bullish Momentum Building
Polkadot (DOT) is consolidating gains above the $7.40 zone against the US Dollar. The price could start another increase if it clears the $7.70 resistance. DOT gained pace and tested the $7.70 resistance level against the US Dollar. The price is trading above the $7.20 zone and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $7.40 on the hourly chart of the DOT/USD pair (data source from Kraken). The pair could continue to rise if it fails to stay above the $7.20…
Steadying Before the Next Move?
Ethereum price started a consolidation phase above the $3,650 support. ETH seems to be preparing for the next move up toward $4,000 in the near term. Ethereum started a consolidation after it tested the $3,840 resistance zone. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $3,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,450 support. Ethereum Price Holds Support…
Will Bulls Ignite a Fresh Increase?
Bitcoin price started a downside correction below the $70,000 level. BTC is now testing the $68,800 support and might attempt a fresh increase. Bitcoin extended its decline below the $70,000 support zone. The price is trading above $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $70,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a close below $68,800. Bitcoin Price Revisits Support Bitcoin price started a…
Analyst Predicts 3,600% Jump To $20
A crypto analyst has predicted the next price target for the XRP price, noting that the altcoin was nearing a key point that could potentially trigger a major bull rally for the cryptocurrency. XRP Price Roadmap to $20 In an X (formerly Twitter) post on May 20, Crypto analyst, Javon Marks forecasted a strong bullish breakout for the XRP price in this market cycle. Marks explained that XRP was steadily approaching a critical converging point, with an emerging Relative Strength Index (RSI) pattern indicating strong underlying momentum for the cryptocurrency. …