Tag: Support

Solana Struggles Below Key Resistance, Can Price Flip $30 Into Support?

SOL’s price struggle to reclaim a key support area of $30 after losing this region.  SOL breaks below a descending triangle as the price looks weak despite Bitcoin (BTC) dragging market prices upwards.  The price of SOL respects the resistance line as the price trades below 50 and 200 Exponential Moving Averages (EMA). The price of Solana (SOL) has had a difficult start to October despite many traders and investors speculating the month to be fruitful for most crypto, including Solana (SOL), calling it names like Uptober. The crypto market,…

Fidelity To Support Ethereum Trading For Institutions

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Fidelity Digital Assets is adding support for Ethereum trading for institutional trading effective at the end of the month. The news comes through a widely amplified screenshot of a leaked email that was reportedly sent to the firm’s clients. Lets take a look at what we know in the early days around this leak, with realized support for Ethereum expected to be just a week away. Fidelity Digital Assets Makes A Big Stride Fidelity Investments operates one of the biggest financial institution behemoths on the planet, and has shown continued…

Solana (SOL) Breaks Below $30 Support; Have Bulls Given Up So Soon?

SOL’s price struggles to hold above key support as price trades below the region of interest for more uptrend.  SOL continues to struggle as prices get rejected in a downtrend price movement after losing support to bears.  The price of SOL trades below $30 first the first time after a while as the price continues its movement below 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe.  The price of Solana (SOL) hasn’t looked as strong as it should, as the price lost its key support and has…

Bitcoin Price Consolidates, Can Move To The Closest Support Line Soon

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Bitcoin price has been trading sideways, struggling to break past its immediate resistance level. Over the last 24 hours, Bitcoin fell by 1%, confirming sideways trading. In the last week, BTC has barely made any progress with its price. If the coin continues to stick around the same price level, it could soon be a free fall for the asset. The technical outlook points towards the weakness in buying power. Demand for the coin remains low as the asset fails to move up north. A fall from this price zone…

Casper Network (CSPR) Retraces To Key Support $0.041, Are Bulls Still In Control?

CSPR’s price struggles to hold above key support as the price needs to hold above $0.041 to maintain its bullish run.  CSPR continues to struggle as a hidden bearish divergence appears in the four-hourly timeframe suggesting a change in trend could be imminent.  The price of CSPR continues to look bullish as price trades above the 50 Exponential Moving Average (EMA) on the daily timeframe.  Casper Network (CSPR) has gained traction in recent weeks, with the price rallying from its weekly low to a high of $0.055, where it met…

Ripple (XRP) Clings To Support As Bearish Divergence Plays Out; Will $0.44 Hold?

XRP’s price struggles to hold above key support as the price needs to hold above $0.44 to maintain its bullish run.  XRP continues to struggle as bearish divergence appears on the daily timeframe suggesting a change in trend could be imminent.  The price of XRP continues to trade below the 200 Exponential Moving Average (EMA) as 50 EMA acts as support on the daily timeframe.  The price of Ripple (XRP) in the past few weeks has seen more traction as the price showed strength rallying from its weekly low to…

A16z Doesn’t Support Plan to Break Up DeFi Giant MakerDAO

“Currently, MakerDAO is wrestling with the trade-offs between growing the protocol or hardening it against regulatory risks,” Dustin Teander, an analyst at crypto intelligence platform Messari, told CoinDesk. “Decentralization has to play a part of course, but a small, decentralized product doesn’t actually solve the market problem for the people that need it.” Source

Effort to Reverse Bitcoin Fund Rejection Wins Broad Crypto Industry Support

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“The Commission’s ‘thumb on the scale’ approach does not withstand scrutiny,” the groups said, calling spot Bitcoin ETPs “ideally suited for investors that desire exposure to Bitcoin. The groups added that the SEC had allowed “similar, riskier products to enter the market,” and that spot ETPs plainly satisfy regulatory requirements for listing on national exchanges,” similar to Bitcoin futures ETPs. Original

Cardano Finds Breathing Room At $0.35 Support

Cardano is somehow keeping in-step with cryptocurrency frontrunners Bitcoin and Ethereum, sitting on price increase on its intraday chart. Cardano failed to hold the $0.41 crucial support range and settle to the new support marker of $0.36 ADA is forecasted to trade from $.0403 to $0.416 in the coming days Cardano addresses grow despite bearish market sentiments Tracking from Coingecko shows the smart contract token is trading at $0.371, raising its price by almost 1% during a 24-hour period. The altcoin, however, continues to struggle as it remains in the…

Cosmos Clings To $12 As Price Struggles, Will This Region Act As Strong Support?

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ATOM’s price shows strength as price breaks bounced off from $12 with good volume with eyes set to reclaim $13.  ATOM breaks out of a downtrend as the price resumes a bullish structure.  The price of ATOM continues to trade above 50 Exponential Moving Average (EMA) in the four-hourly timeframe.  The price movements of Bitcoin (BTC) have hurt most altcoins, with Cosmos (ATOM) finding its price at key support as bulls defend this region with blood and sweat. The recent Consumer Price Index news had a significant impact on the…