Tag: Support

Toncoin (TON) Must Reclaim $4.70 Support Or Face Potential 45% Drop, Analyst

boss

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Anchorage announces custody support for Bitcoin L2 Stacks

boss

Digital asset bank Anchorage has taken a major step in expanding its institutional custody services into the Bitcoin layer-2 ecosystem through a partnership with Stacks. Stacks (STX) is a leading L2 solution on Bitcoin (BTC) that recently marked a huge milestone with its Nakamoto upgrade. This partnership makes Stacks the first platform to integrate Anchorage Digital Bank N.A., offering STX holders access to custody services. In an announcement on Sept. 4, Anchorage Digital announced that it had added crypto custody support for STX, marking its official entry into the Bitcoin…

Bitcoin may find $54K support during bearish September: QCP

boss

After Bitcoin’s red August, QCP Capital analysts predict a bearish September for the crypto, but a Federal Reserve pivot could provide relief. According to the digital asset trading desk, Bitcoin’s (BTC) historical trend looked likely to repeat itself, and the cryptocurrency may dip another 5% this month following August’s downswing. Bitcoin has traded in the red during six of the last seven September months, averaging losses of up to 4.5% in those years. QCP Capital said this decline could work in BTC’s favor and support a potential upward move. The…

Approaching $0.3389 Support With Potential For A Deeper Decline

boss

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…

Bitcoin Price Retains Support: Is a Bounce Back on the Horizon?

boss

Bitcoin price remained stable above the $58,500 support zone. BTC is struggling and could only start a steady increase if it clears $61,500. Bitcoin is struggling to rise above the $60,200 and $61,500 resistance levels. The price is trading below $61,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $58,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it fails to stay above the $58,500 support. Bitcoin Price Stuck In…

Chainlink (LINK) Could Drop To $8 If It Loses Current Support: On-Chain Data Reveals

boss

Chainlink (LINK) has faced significant volatility this week. Its price dropped over 13% from Monday’s high, bringing LINK to a critical support level of around $11.20. Traders and investors are closely monitoring this crucial area. Related Reading The importance of this level is further emphasized by on-chain data from Santiment, which shows that demand for LINK is cooling off. This adds to the uncertainty surrounding the asset’s near-term price action. The next few days will be pivotal as Chainlink hovers around this crucial support. The outcome here could determine whether…

4 Crucial Support Levels To Watch If BTC Falls

boss

Bitcoin is trending lower when writing, cooling off after the encouraging leg up on August 23. Although the uptrend remains, and the coin is not far away from $63,000, there is no discounting the possibility of sellers pressing on. The alignment with the dip of early August could trigger another wave of liquidation, causing panic. Bitcoin Shaky, The First Two Levels To Watch Technically, Bitcoin is within a bullish breakout formation from the bull flag established after the expansion on August 8. Additionally, from a volume analysis perspective, bulls stand…

Robinhood wallet adds support for Solana

Robinhood has officially added support for Solana to its Wallet, expanding the platform’s crypto offerings. Johann Kerbrat, the General Manager of Robinhood Crypto, announced this integration, which will enable users to self-custody Solana (SOL) and conduct transactions over the Solana blockchain.  This move aligns with Robinhood’s broader strategy to enhance its Web3 wallet by incorporating more blockchains and digital assets, following previous integrations of networks like Ethereum (ETH), Polygon (MATIC), and Bitcoin (BTC). Robinhood and crypto Earlier this year, Robinhood demonstrated a growing interest in the cryptocurrency space. Notably, it…

Bitcoin Price Slips, But Key Support Remains Intact

boss

Bitcoin price started a downside correction from the $65,000 resistance zone. BTC could revisit $61,750 before it starts a fresh increase in the near term. Bitcoin failed to clear the $65,000 resistance zone and corrected gains. The price is trading below $63,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $63,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might slip further toward the $61,750 level before the bulls appear. Bitcoin Price…

Toncoin Tumbles To $4.6 As Bears Eye Further Decline, Will Support Hold?

boss

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…