Tag: Key

Crypto Winter Hurt Confidence, but Building Digital Asset Infrastructure Remains Key

CryptoX – Cryptocurrency Analysis and News Portal Crypto market leverage, however, is greater in this cycle than the last. That’s probably because crypto institutions such as market makers, companies and investors are the dominant traders in the market this time round, whereas in 2017-18 retail dominated. Original Source The post Crypto Winter Hurt Confidence, but Building Digital Asset Infrastructure Remains Key appeared first on CryptoX. CryptoX Portal

Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

Ethereum is holding the key $1,150 support against the US Dollar. ETH is rising and might even clear the $1,250 resistance zone in the near term. Ethereum corrected lower, but the bulls were active near $1,150. The price is now trading above $1,180 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,195 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $1,200 and $1,230 resistance levels. Ethereum Price Eyes Fresh…

Key Indicator Signals Bottom; Ethereum Core Devs Back EIP-4844

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The downfall of FTX has also left its mark on the Ethereum (ETH) price. Over the last 30 days, Ether has recorded a drop of around 20%. At press time, the price was at $1,171, just above the crucial support level of $1,100. In the short term, the ETH price has found support at $1,171. However, if the key resistance at $1,230 is not breached in the next few days, a retest of the level at $1,100 could be on the cards. Ethereum price, 1-hour-chart. Source: TradingView An important on-chain indicator…

Ethereum Price Reclaims Key Demand Zone Of $1,200

ETH price reclaims demand zone of $1,200 as the price aims to trend higher Price continues to look bearish with the market’s current state, as most traders and investors remain cautious  ETH price bounces from a low of $1,100 on the daily timeframe as it eyes a recapture of $1,300 above the 50 Exponential Moving Average (EMA) Ethereum (ETH) continues to display a better price action than Bitcoin (BTC) as the price reclaims the demand zone and eyes a further rally to a region of $1,300 if the crypto market…

Bitcoin Price Recovery Remains Capped, Why 100 SMA Is The Key

Bitcoin price started an upside correction from $15,500. BTC is now facing a strong resistance near the $16,300 zone and the 100 hourly SMA. Bitcoin found support near $15,500 and started an upside correction. The price is trading below $16,300 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $16,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $16,300 level and the 100 hourly SMA. Bitcoin Price…

Quant (QNT) Struggles Above Key Support Of $100; Here Are Levels To Watch

 QNT’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $100.   QNT’s price continues to look weak as bearish market sentiments increase, with things looking uncertain for most traders and investors.  QNT’s price looks weak and continues to trade below the daily 50 Exponential Moving Average (EMA) as bulls attempt to reclaim the region. The price action displayed by Quant (QNT) in previous weeks was not short of a spectacle but has yet to meet those expectations, with…

Polygon Faces Decision Time As Price Sits On Key Support; Will $0.7 Hold Sell-off?

 MATIC’s price lost its demand zone as the price struggled to hold above $0.7.   MATIC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.  MATIC’s price looks weak as the price struggles to hold above $0.7, with the possibility of reclaiming the daily 50 Exponential Moving Average (EMA) remaining bleak. The price action displayed by Polygon (MATIC) has continued to look disheartening, with the FTX effect affecting small crypto projects like Genesis as the market continues to look weak on…

Ethereum price weakens near key support, but traders are afraid to open short positions

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Ether (ETH) has been stuck between $1,170 to $1,350 from Nov. 10 to Nov. 15, which represents a relatively tight 15% range. During this time, investors are continuing to digest the negative impact of the Nov. 11 Chapter 11 bankruptcy filing of FTX exchange.  Meanwhile, Ether’s total market volume was 57% higher than the previous week, at $4.04 billion per day. This data is even more relevant considering the collapse of Alameda Research, the arbitrage and market-making firm controlled by FTX’s founder Sam Bankman-Fried. On a monthly basis, Ether’s current…

Binance Coin Shows Weakness As Price Sits On Key Support; Is $200 Possible?

 BNB’s price fails to hold amidst market turmoil as the price falls back to its key support zone with a range-bound movement.  BNB’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors.  BNB’s price continues to hold $270 on the daily timeframes as the price aims for a bounce above the 50 Exponential Moving Average (EMA) The price of Binance Coin (BNB) has been a standout performer in recent weeks rallying from a low of $280…

Collaboration key for Binance’s Investigations team

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Historical crime has left a proverbial black mark on the cryptocurrency ecosystem with multi-million dollar hacks, scams and fraud cases grabbing headlines around the world. Various research reports have highlighted the use of cryptocurrencies for illicit means, with varying degrees of severity since Bitcoin’s inception in 2009. This has ebbed and flowed but crypto is still perceived by some as a means to launder money, finance terrorism and facilitate other serious crimes. The prevalence of cryptocurrency-related crime inevitably led to the development of better tools and services to track and…