Tag: Support

Crypto Analyst Predicts Cardano Rally To $3 As Price Reaches ‘Ultimate Support Test’

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Crypto analyst Trend Rider has drawn Cardano (ADA) holders’ attention to the crypto token’s potential to experience a significant price rally soon enough. Based on Trend Rider’s analysis, Cardano could rise to as high as $3 when this happens.  Cardano To Rise To $3 If History Repeats Itself Trend Rider mentioned in an X (formerly Twitter) post that if history repeats itself, Cardano might be on the brink of its “ultimate support test” before it makes a parabolic move to the upside. He further suggested that the crypto token could…

Solana Altcoin Rips After Earning Surprise Support From Crypto Exchange Coinbase

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One Solana (SOL)-based altcoin is soaring after landing a surprise listing on Coinbase, the top crypto exchange in the US. In an announcement via the social media platform X, Coinbase says it’s adding Shadow Token (SHDW) to its trading platform. Shadow Token is expected to be available on the platform starting Wednesday, at noon Eastern Standard Time. Amid the listing news on Tuesday, Shadow Token shot up from the day’s low of $1.83 to a high of $2.17, a gain of more than 18%. Shadow Token has since retraced slightly,…

New Zealand Crypto Policy Should Support Industry, Minister of Commerce Andrew Bayly Says

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin NFT Market Thrives, Franklin Templeton Remains Bullish, Binance Ends Support

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Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem.  The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes, the growth of Bitcoin Layer 2 (L2s) solutions, and the expansion of decentralized finance (DeFi) applications built on the Bitcoin network. Bitcoin Ordinals Shine According to the Bitcoin ETF issuer’s report, activity in the Bitcoin…

Binance Ceases Support for Bitcoin (BTC) NFTs in ‘Streamlining’ Process

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

DOGE Price Prediction – Dogecoin Could Restart Rally If It Holds This Support

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Dogecoin is correcting gains from the $0.230 zone against the US Dollar. DOGE must stay above the $0.1750 support zone to start a fresh increase. DOGE struggled to stay above $0.225 and corrected gains against the US dollar. The price is trading above the $0.1750 level and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support at $0.2040 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could restart its increase unless there is a…

Ethereum Price Drops To Support, Another Chance To Load ETH?

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Ethereum price faced rejection and dropped from the $3,650 zone. ETH retested the $3,320 support and might start another increase. Ethereum started another decline and traded below the $3,500 support zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,450 resistance zone. Ethereum Price Dips Again Ethereum price struggled to continue higher above…

XRP Price Holds Support – Indicators Show Risk of Downside Break

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XRP price is holding gains above the $0.60 zone. The price could gain bearish momentum if there is a close below the $0.570 support zone. XRP is facing a major hurdle near the $0.6580 zone. The price is now trading below $0.640 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.640 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum if there is a close below the $0.5720 support. XRP…