Tag: Support

COIN Stock Price Drops 6.4% after Coinbase Withdraws Support for Crypto Bill

Key Notes Brian Armstrong flagged major issues on tokenized equities, DeFi limitations, and others, over withdrawing their support from the Crypto Bill. The COIN stock dropped below $240 after another rejection near $255, triggering a death cross pattern. Armstrong said the bill’s work has intensified and that industry concerns align with Coinbase’s stance. COIN, the native stock of crypto exchange Coinbase, faced major selling pressure, correcting 6.4% on Jan. 15. This drop in the COIN stock price comes as Coinbase withdraws its support from the crypto market structure bill. Citing…

Solana (SOL) Slips Back to Support, Setting Up a High-Tension Test

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Solana failed to stay above $146 and corrected gains. SOL price is now trading below $145 and might find bids near the $140 zone. SOL price started a downside correction below $145 against the US Dollar. The price is now trading below $145 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $141 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $140 zone. Solana Price Starts Downside Correction Solana…

XRP Price Loses Most Gains, Next Support Now in the Crosshairs

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

ETH Charts Point To 25% Rally, But A Support May Happen First

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Ether (ETH) is trading near $3,300, and one futures market trend points to another 10% to 25% upside move. However, the market may first see a liquidation-driven price dip before any sustained rally develops. Key takeaways: Ether’s Leverage Ratio is near 0.60, a level that has historically preceded 10% to 25% rallies after short pullbacks. The ETH SOPR remains below 1, indicating realized losses still outweigh profits despite recent price gains. Ether leverage setup favors upside after a short cleanup Crypto analyst Pelin Ay highlighted a recurring structure in Ether’s…

Leading Monero Wallet Cake Adds Privacy-Focused Zcash Support, Swaps

Key Notes Key Zcash features include: shielded by default, rotation for transparent addresses, background sync, passphrase wallet, and cross-chain swaps powered by NEAR Intents. Cake Wallet was the first open-source Monero wallet for iOS, founded in 2018 by Vik Sharma, a known privacy advocate and supporter. ZEC is trading at $418, ranked 17th by CoinMarketCap, while XMR is trading at $716, up 50% in a week, ranked 11th. Cake Wallet—a multichain crypto hot wallet for mobile and desktop and one of the most used and recommended light wallets for Monero…

Coinbase Withdraws Support For Crypto Market Structure Bill

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Update (Jan. 15, 2:32 am UTC): This article has been updated to include additional commentary from Coinbase chief policy officer Faryar Shirzad. Major US crypto exchange Coinbase says it has withdrawn its support for the Digital Asset Market Clarity Act, with CEO Brian Armstrong arguing that it would cause far more harm than good to the crypto industry in its current form. “This version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better…

XRP/Gold Ratio Just Reached A Historical Support Zone, What This Means For Price

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Despite its slow momentum over the past few weeks, XRP is still on analysts’ radar as they look beyond its dollar price action and into its performance against gold. One analyst has said that the long-term XRP/Gold ratio has just reached a historical support zone, signaling a familiar technical setup that could determine its next move. XRP/Gold Ratio Arrives At Critical Support Level Market expert ‘Steph is Crypto’ has released a fresh analysis focusing on the XRP to gold ratio and its historical behaviour. In his post on X this…

XRP Price Finds Its Footing at Support, Bulls Test Their Strength

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Price Stays Pinned Above Support, Setting Up a Bigger Move

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Bitcoin price started a consolidation phase below $92,000. BTC is holding the $89,500 support and might attempt to start a fresh increase. Bitcoin started a recovery wave above $90,000 and $90,500. The price is trading above $91,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $90,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it stays above the $90,000 zone. Bitcoin Price Stays In A Range Bitcoin price managed…

Economists Urge MEPs to Support Digital Euro in Open Letter

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Seventy economists and policy experts called on members of the European Parliament (MEPs) to back a digital euro that serves the public interest, arguing that it is crucial for Europe’s monetary sovereignty and for guaranteeing access to central bank money in an increasingly cash‑light economy.  The open letter, published on Sunday and titled, “The Digital Euro: Let the public interest prevail!,” warned that without a strong public option, private stablecoins and foreign payment giants may gain even greater influence over Europe’s digital payments. The signatories, including former European Bank for…