Tag: Support

Bitcoin Loses $110,000 Support But Risk Signal Says Market Is Safe

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

SUI Retest Key Support Amid 8% Drop – Bounce Or Breakdown?

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SUI is attempting to hold a crucial area as support amid the recent market downturn. Some analysts suggest the altcoin’s price is retesting a make-or-break level that will determine the direction of its next big move. Related Reading SUI Hits Two-Month Low On Thursday, SUI is retesting the local range lows after an 8% daily drop from the $3.40 area to a key support level. The recent market pullbacks have momentarily halted most bullish rallies, sending leading cryptocurrencies like Ethereum (ETH) to an eight-week low of $3,800. Now, SUI’s rally,…

Bitcoin Price Breaks Down – Support Fails As Traders Question If Bulls Return

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Bitcoin price extended losses after it traded below $112,500. BTC is now consolidating losses and might decline again to test the $108,500 support zone. Bitcoin started a fresh decline below the $112,500 zone. The price is trading below $111,500 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance at $110,500 and $113,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $113,000 zone. Bitcoin Price Dips Further Bitcoin…

Zcash Price Surges 92% Annually as Privacy Coin Gains Major Crypto Industry Support

Key Notes Leading crypto influencers including Helius CEO Mert are actively promoting Zcash as essential for financial privacy. Technical experts praise ZEC’s zero-knowledge proof implementation as superior to competing privacy cryptocurrencies. Cross-chain integration with NEAR Protocol and mobile wallet improvements drive increased adoption and utility. Zcash ZEC $55.11 24h volatility: 5.2% Market cap: $900.37 M Vol. 24h: $160.06 M , the second-largest privacy cryptocurrency by market cap, has doubled in price in a year from Sept. 25, 2024, as demand for privacy coins surged and big names in the industry…

Avalanche Price Holds Key Support, But Analyst Casts Warning

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After a strong price performance over the past month, driven by growing interest in the Avalanche ecosystem, AVAX now faces a key resistance area that could delay its long-awaited rally. Related Reading Institutional Momentum Fuels Avalanche Price On Wednesday, Avalanche continued its recovery from the start-of-week pullback and is currently retesting the $34 area as support. The cryptocurrency recently fell to the $29 level, but quickly bounced toward a seven-month high of $36.1 on Tuesday, fueled by institutional interest in the ecosystem. AgriFORCE Growing Systems recently announced its rebrand to…

Wedge Breakout Or False Alarm? Ethereum Faces Its Biggest Support Test Yet

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

Aster Forms Bullish Hammer At Key Support – Reversal Setup?

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ASTER, the native token of the decentralized perpetual exchange Aster, officially launched last week and immediately made waves across the crypto market. Backed by Yzi Labs (formerly Binance Labs) and carrying the public endorsement of former Binance CEO Changpeng “CZ” Zhao, the token quickly drew massive attention from traders and investors. Upon launch, ASTER surged to nearly $1.94, sparking excitement around its potential to rival leading decentralized derivatives platforms. However, the enthusiasm was quickly tested as the token dropped 33% to lows of $1.33 within days, reflecting the volatility often…

Democrats Signal Support for Bipartisan Solution to Market Structure Bill

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A group of Democratic senators in the US Congress has signaled its intention to work with Republicans on advancing legislation to establish a digital asset market structure framework. In a Friday statement, 12 Democrats, including members of the Senate Banking Committee and Senate Agriculture Committee, issued a statement ahead of an expected vote on a crypto market structure bill pushed by Republican leadership. “We hope our Republican colleagues will agree to a bipartisan authorship process, as is the norm for legislation of this scale,” the statement reads. “Given our shared…

Bitcoin.com Launches Accelerator to Support the Next Generation of Bitcoin and Crypto Startups

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Bitcoin.com, the most accessible and trusted entry point into Bitcoin and the broader crypto ecosystem, today announced the launch of the Bitcoin.com Accelerator, a program designed to identify, support, and amplify high-potential projects building at the intersection of Bitcoin, crypto, culture, and commerce. The Accelerator provides startups with access to Bitcoin.com’s vast distribution network, technical […] Original