Tag: Key

Ethereum Bears Keep Pressing, Why ETH Price Might Revisit This Key Support

boss

Ethereum price is moving lower from $2,130. ETH is showing a few bearish signs and might decline toward the $1,920 support zone. Ethereum is slowly moving lower below the $2,060 zone. The price is trading below $2,060 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down toward the $1,920 support zone. Ethereum Price Extends Decline Ethereum price started a fresh decline after it struggled…

LUNA, LUNC, USTC surge as social activity skyrockets after key update

The three tokens of the Terra ecosystem — Terra (LUNA), Terra Classic (LUNC) and TerraClassicUSD (USTC) — have gained momentum following an update last week.  The surge comes a week after Terraform Labs deployed $10 million worth of assets in three different liquidity pools.  LUNA is up by 22% in the past 24 hours and is trading at $0.83 at the time of writing. The asset’s market cap rose to $490 million, making it the 99th-largest cryptocurrency. Terra’s 24-hour trading volume also witnessed a 400% surge, reaching $485 million. LUNA…

Bitcoin buyer pushes BTC price past $38K as traders demand key breakout

boss

Bitcoin (BTC) bulls kept the pressure on 18-month highs on Nov. 24 as analysis eyed buyer interest spiking. BTC/USD 1-hour chart. Source: TradingView Bitcoin fights for new 18-month high Data from Cointelegraph Markets Pro and TradingView showed the BTC price trajectory heading upward into the Wall Street open. The largest cryptocurrency saw increasing momentum during the Asia trading session, this nonetheless with its roots on derivatives markets. Following the action, popular trader Skew confirmed that a single entity was likely behind the latest charge on $38,000. “Some buyer probably single…

Bitcoin Price Key Indicators Suggest Strong Case For Another Rally

boss

Bitcoin price is holding gains above $37,000. BTC is consolidating and might soon aim for another rally if it clears the $38,000 resistance zone. Bitcoin is still consolidating below the $37,750 resistance. The price is trading above $37,200 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance near $37,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a strong increase if it clears the $38,000 resistance zone. Bitcoin Price Remains Supported Bitcoin price remained well-bid…

Is Dogecoin About To Reverse? Key Factors To Watch

boss

These Dogecoin on-chain indicators may be the ones to watch to see if the meme coin has a chance of finding a reversal in the near future or not. Dogecoin Large Holders Have Been Growing, Old Coins Have Come Alive In a new post on X, the on-chain analytics firm Santiment has talked about how two on-chain metrics related to Dogecoin have been looking recently. The first indicator of relevance here is the number of DOGE addresses carrying at least 1 million tokens in their balances. At the current exchange…

Key takeaways from Magic’s guide to selecting a wallet-as-a-service

In web3, choosing an appropriate Wallet-as-a-Service (WaaS) provider is critical for any forward-thinking brand. Magic Labs, a wallet-as-a-service (WaaS) provider, recently released a guide to help users choose the ideal solution.  This article distills the key takeaways in Magic Labs’ manual, illuminating the crucial aspects individuals/businesses should consider when choosing a wallet-as-a-service provider.  Understanding wallet-as-a-service The report starts by explaining WaaS and why it is an essential component of web3. To elaborate, it offers a solution for managing digital assets and facilitating secure transactions within blockchain ecosystems.  Unlike traditional digital wallets, WaaS…

Bitcoin Price Returns To Key Resistance As The Bulls Aim For $40K

Bitcoin price trimmed all losses and climbed above $37,000. BTC is now eyeing a major upside break above the $37,750 and $38,000 resistance levels. Bitcoin is showing positive signs and testing the $37,750 resistance. The price is trading above $37,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance near $37,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if it clears the $38,000 resistance zone. Bitcoin Price Regains…

Ethereum Price Recovery In Trouble? Here Are Key Hurdles To Fresh Increase

Ethereum price declined sharply alongside Bitcoin. ETH traded below $2,000, but it is still holding the key support at $1,920 and might attempt a fresh increase. Ethereum struggled to clear the $2,070 resistance and corrected lower. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,000 hurdle. Ethereum Price Eyes Fresh Increase Ethereum price…

BTC price returns key profit mark to Bitcoin exchange users at $34.7K

boss

Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms. Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.” Bitcoin exchange users claw back bear market losses Bitcoin returned multiple investor cohorts to profit when it retook $30,000 last month, but current prices are having an impact on BTC buyers who entered much earlier. According to Glassnode, which monitors the aggregate price at which coins left exchange wallets each…