Share: XRP price shows a lack of bullish momentum as it approaches a set of crucial hurdles at $0.469 and $0.495. The bearish divergence between the remittance token and the RSI hints at a potential pullback. Invalidation of the bearish thesis will … [Continue reading]
Sandbox price prints first bullish sign, 13% recovery rally likely for SAND bulls
Share: Sandbox price has set up a higher high after a 33% slide in April and May 2023. This move could form the base for a 13% recovery bounce that tags the $0.586 hurdle. A daily candlestick close below the $0.504 level that flips into a … [Continue reading]
Maker price stays afloat above $620 even as participation drops to a four-year low
Share: Maker price has been sideways bound since May 11, trading under $630 at the time of writing. Active addresses on the network have declined to 135, falling by over half the average figure. The altcoin has been losing investor’s interest since … [Continue reading]
Cardano founder Charles Hoskinson warns Ledger against breaking social contracts, joins Binance, Polygon execs
Share: Cardano founder Charles Hoskinson has reacted to Ledger’s controversy, warning them against breaking social contracts. It comes after Ledger’s recent controversial update that allowed the firm to extract user keys. The idea received backlash … [Continue reading]
Shiba Inu price to rhyme with a 10% drop before the next recovery rally
Share: Shiba Inu price is moving with a plan as bulls plan a 10% drop down before a bounce north. SHIB could revisit the $0.0000080 support floor before a trend reversal akin to the December move. The bullish thesis will be invalidated upon a … [Continue reading]
GBP/USD Price Analysis: Bulls target 1.2500 while front side of dynamic support
Share: GBP/USD bulls eye a continuation toward 1.2500. Meanwhile, a correction could be on the cards. As per the prior analysis, GBP/USD Price Analysis: Bulls are lurking in demand area, the price has moved into key resistance and this leaves … [Continue reading]
EUR/USD Price Analysis: Initial support turns up near 1.0760
Share: EUR/USD attempts a mild bounce after testing lows around 1.0760. There is a temporary hurdle at the 55-day SMA near 1.0870. EUR/USD rebounds from new 2-month lows in the 1.0760/55 band and manages to briefly surpass the 1.0800 hurdle at the … [Continue reading]
Lagarde speech: ECB will be courageous to take decisions needed to bring inflation back to 2%
Share: European Central Bank (ECB) President Christine Lagarde said on Friday, “ECB will be courageous to take the decisions needed to bring inflation back to 2%.” “We are heading towards more delicate decisions going forward,” she added. Source … [Continue reading]
Japan Tertiary Industry Index (MoM) came in at -1.7% below forecasts (-0.1%) in March
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]
US Dollar Index: Anxiety ahead of Fed Powell’s speech, US debt limit news prods DXY bulls at two-month high
Share: US Dollar Index bulls take a breather at multi-day top after three-day uptrend. Hawkish Fed bets, hopes of no US default underpin US Treasury bond yields and DXY run-up. Challenges to US debt ceiling deal, likely spat between the Washington … [Continue reading]