Tag: Support

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…

How This Newly Found Support Will Boost SHIB Price

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Shiba Inu, a meme crypto like the Dogecoin, was the fastest growing digital coin of 2021. The rate at which the asset grew was mind blowing, especially after it recorded a 46,000,000% price increase. Shiba Inu’s trading price is now its resistance marker SHIB token now priced at $0.00001118 The meme crypto is forecasted to end 2022 with a price of $0.00001501 Shiba Inu, a meme crypto like the Dogecoin, was the fastest growing digital coin of 2021. The rate at which the asset grew was mind blowing, especially after…

Brazilian Presidential Candidate ‘Lula’ Da Silva Signals Support for Central Bank of Brazil Involvement in Crypto Regulation – Regulation Bitcoin News

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The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil should be responsible for building a cryptocurrency law framework. Lula also stated that the impact of cryptocurrencies should be measured to avoid any adverse effects it might bring to the national economy Lula Supports Central Bank Oversight on Crypto The candidate that obtained most of the votes in the first voting round in Brazil’s presidential elections, Luis Inacio…

NEAR Protocol partners with Google Cloud to support Web3 devs

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NEAR Foundation has announced a new partnership between Google Cloud and NEAR Protocol, providing infrastructure to NEAR’s Web3 startup platform, Pagoda.  According to an Oct. 4 announcement, this partnership will allow Google Cloud to provide “technical support” to NEAR grant recipients by providing infrastructure for NEAR’s Remote Procedure Call (RPC) node provider to Pagoda. Near Protocol is a decentralized application (DApp) platform that focuses on usability among developers and users. It uses sharding technology to achieve scalability and, as a competitor to Ethereum, is also smart-contract capable and a proof-of-stake…

XRP Chills About Support And Aims Higher, Will It Breach $0.5?

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The crypto market is bouncing from daily support levels with XRP outperforming larger cryptocurrencies, such as Bitcoin and Ethereum. This token has been trending to the upside and moving against the tide even when conditions were unfavorable on small timeframes. At the time of writing, XRP’s price trades at $0.49 with a 3% profit and 9% profit in the last 24 hours and 7 days, respectively. With the exception of Bitcoin, larger cryptocurrencies are recording sideways movement or negative performance as XRP bounces. XRP’s price with bullish momentum on the…

Bitcoin derivatives data reflects traders’ belief that $20K will become support

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Bitcoin (BTC) showed strength on Oct. 4 and 5, posting a 5% gain on Oct. 5 and breaking through the $20,000 resistance. The move liquidated $75 million worth of leverage short (bear) positions and it led some traders to predict a potential rally to $28,000. $BTC #Bitcoin Shared this descending channel 2 days ago.$BTC has managed to break through the middle line.Next target = Upper channel trendline = ~21.5k. In case of a breakout, 28k-30k are possible. pic.twitter.com/dyqMLdcXZ4 — ⓗ (@el_crypto_prof) October 4, 2022 As described by @el_crypto_prof, the descending…