Tag: Support

Solana Fails To Hold $30 Support, How Cheap Will Solana’s Price Be?

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SOL price struggles as $30 support failed to hold, with many buyers sweating on their open SOL position.  SOL price breaks below 50 and 200-day Exponential Moving Average; the price continues its range around the $30 mark.   The price of SOL could restest $24-$16 if the price maintains a bearish structure.  The price of Solana (SOL) has struggled recently to reclaim its bullish strength against tether (USDT) but was unable to as the price hit a new fresh rock. The crypto market faced a new drawback as Bitcoin (BTC) price…

Binance Coin (BNB) Loses Key Support, Is $200 The Next Stop?

BNB price struggles as $270 support fail to hold, with many buyers wishing for $200 BNB.  BNB price breaks below 50 and 200-day Exponential Moving Average; this invalidates the bullish price of BNB.  The price of BNB could restest $200 if the price maintains a bearish structure.  Many The price of Binance Coin (BNB) has struggled recently to reclaim its bullish strength against tether (USDT) but was unable to as the price hit a new fresh rock. The crypto market faced a new drawback as Bitcoin (BTC) price dropped from…

Exchange Giant Coinbase Adds Support for Ethereum-Based Blockchain Video Game Altcoin As Markets Stumble

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Cryptocurrency exchange Coinbase is listing the utility and governance token of Illuvium (ILV), an open-world fantasy battle game built on the Ethereum (ETH) blockchain. According to the announcement by the largest crypto exchange in the US, consumers should only trade ILV on the ETH network. “Coinbase will add support for Illuvium (ILV) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on Coinbase and Coinbase Exchange in regions where trading is supported.”…

Bitcoin price threatens $19K support ahead of 'most hyped' CPI print

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Nerves are showing on the market after several days of Bitcoin “stuck” in a tiny trading range. Bitcoin (BTC) began Oct. 13 with classic fluctuations around $19,000 as markets prepared for crucial macro data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No sign of upside ahead of key U.S. data Data from Cointelegraph Markets Pro and TradingView showed BTC/USD threatening downside at the time of writing with hours to go until the United States Consumer Price Index (CPI) print for September. Expected at 6.5% year-on-year as per a Bloomberg survey,…

Curve DAO Proposal to Enable Easier CRV Rewards Passes With Overwhelming Support

Depositors on Curve earn up to 4% annual yields from one of the many pools on the platform. Curve is the third-largest decentralized finance (DeFi) project with over $5.8 billion in value locked. Its CRV are issued as yield farming rewards to liquidity providers on Curve Finance, and can be converted into vote-escrowed CRV (veCRV). Holding veCRV allows users to participate in platform governance, earn higher rewards and fees and receive airdrops. Source

Ripple (XRP) Struggles As Bearish Divergence Emerges, Eyes $0.42 Support

XRP price slows down after several days as price remains bullish despite showing weakness. XRP trades above 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs with the emergence of bearish divergence.  The price of XRP continues to hold strong and could retest $0.42 support.  The price of Ripple (XRP) continues to hold strong as the price aims to maintain its bullish price movement against tether (USDT). Ripple (XRP) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market cap…

Stellar Development Foundation launches $100M fund to support native smart contract adoption

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The Soroban Adoption Fund incentivizes developers to begin building products and tools on the new smart contract platform. Stellar Development Foundation (SDF), the nonprofit organization supporting the development of the Stellar network, has launched a new funding initiative to encourage developers to build on the Soroban smart contract platform, which officially went live on Futurenet on Oct. 11.  Soroban brings Turing-complete smart contracts to the Stellar blockchain, enabling developers to build new financial services rails on the network, SDF said. Tomer Weller, SDF’s vice president of technology strategy, said Soroban…

Bitcoin risks key support as trader says BTC price bottomed at $17.6K

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Investor cost basis narrowly escapes a support/resistance flip as traders diverge over whether Bitcoin has really bottomed. Bitcoin (BTC) wicked below $19,000 on Oct. 11 as crucial support saw its first test in a week. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC shorts “priority” on low timeframes Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it saw local lows of $18,962 on Bitstamp. A subsequent rebound saw the $19,000 return to remain unchallenged in the six hours since. At the time of writing, the pair traded at…

Bitcoin Price Slides Below Key Support Amid Russia-Ukraine War Escalation

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Bitcoin price is slowly moving lower below the $19,200 support against the US Dollar. BTC could slide further if there is further escalation in Russia-Ukraine war situation. Bitcoin is slowly moving lower below the $19,200 and $19,000 levels. The price is trading below above $19,500 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $19,260 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if there is a clear move below…

Customer support staff swamped during market swings — exchange execs

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Binance Australia’s CEO says it is imperative that customer support is ready for a large influx of customer inquiries at any moment. Crypto market turbulence can be an immensely stressful time for customer support staff at crypto exchanges, with companies vastly bolstering headcounts just to meet demand during surges.  Speaking to Cointelegraph, Alex Harper, co-founder and CEO of Australian crypto exchange SwyftX said that “no matter what your role title is […] no one was above customer support at Swyft.” He said that he, along with staff members from human…