Shiba Inu price continues consolidation above $0.0197 to $0.0273 level. On-chain metrics reveal that investors are looking to book profits. SHIB holders need to decide between being patient or booking profits for a better entry. Shiba … [Continue reading]
Uniswap price likely to provide buy-the-dip opportunity before rallying 45%
Uniswap price is likely to slide double-digits before it stabilizes. A bounce from the $9.26 to $8.29 accumulation zone could send UNI to $11.39 and $12.87. A breakdown of the $8.29 support level will invalidate the bullish thesis. … [Continue reading]
This Binance Coin price pattern breakout forecasts $1,000 per BNB
Binance Coin price consolidates inside a Bullish Pennant pattern. This setup forecasts a nearly 63% rally to $1,005 for BNB. A daily candlestick close below $526 will invalidate the bullish thesis. Binance Coin (BNB) price has been in a tight … [Continue reading]
President Biden vetoes Congress repeal of bill preventing financial institutions from custodying crypto assets
US President Joe Biden signed a veto decision to overturn the reversal of SAB121, which Congress passed. The veto stirs doubts among crypto community members amid speculations that the President seeks to turn pro-crypto. Biden seeks to … [Continue reading]
NYSE president commends Bitcoin ETFs amid skeptical views from financial advisors
Lynn Martin, the New York Stock Exchange group president, says you can't argue with the success of Bitcoin ETFs. US financial advisors remain skeptical of Bitcoin ETFs amid market enthusiasm. An interview conducted by CNBC suggests that … [Continue reading]
Ethereum on-chain and derivatives data indicates bullishness following updated ETH ETF S-1s from issuers
Six issuers submitted updated S-1 filings with key changes to the SEC. Ethereum accumulating addresses have increased steadily since the beginning of May. Ethereum derivatives data indicates traders are highly bullish. Ethereum (ETH) maintained a … [Continue reading]
PEPE could set a new all-time high after large holders refused to book profit
Large holders are still holding onto PEPE despite its recent all-time high. PEPE is on the brink of a new all-time high after an 8% rally. Investors must exercise caution as few addresses control 65% of the token's supply. PEPE is showing signs of a … [Continue reading]
Key Ethereum data indicates bullishness, Grayscale submits updated filings amid JP Morgan’s bearish prediction
Ethereum accumulating addresses have increased steadily since the beginning of May. JP Morgan analysts predict that spot Ethereum ETFs will see a disappointing launch. Ethereum derivatives data indicates traders are highly bullish. Ethereum (ETH) … [Continue reading]
Forecasting the Coming Week: ECB and US NFP steal the show
The Greenback traded on the back foot this week, managing to reclaim the 105.00 barrier and above when measured by the USD Index (DXY), although eventually giving away all those gains in response to the lack of any surprise from PCE data. The US … [Continue reading]
India Bank Loan Growth fell from previous 19.6% to 19.5% in May 13
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]