Share: EUR/GBP looks to gain ground above 0.8700 psychological level. Eurozone PMI data provided support for the Euro. BoE’s surprise decision to pause its rate hike cycle has undermined the Pound Sterling (GBP). EUR/GBP continues the winning … [Continue reading]
ECB’s Villeroy: Patience is more important than raising rates further
Share: Bank of France President Francois Villeroy de Galhau spoke in a weekend interview that he is in no rush to raise rates further after hiking to 4.00% last week, according to Bloomberg. Key quotes “From today’s perspective, patience is more … [Continue reading]
Worldcoin Price Prediction: Is WLD done with uptrend after 77% rally?
Share: Worldcoin price currently trades at $1.57 after reaching a local top of $1.72. Investors can expect WLD to pull back to $1.33 before triggering its next bullish leg. Invalidation of the bullish thesis will occur on the September 18 … [Continue reading]
Ethereum whales prepare ahead of futures Ethereum ETF approval on October 2
Share: Ethereum options’ open interest hit an all-time high on CME, suggesting interest from traditional investors. This move comes ahead of a potential approval of futures ETH ETF on October 2. The whale transaction metric also shows a spike … [Continue reading]
Ripple Price Forecast: Declining network growth and underwater XRP holders suggest more downside for XRP price
Share: XRP price trades at $0.511 after dropping 6% in the last month. The disinclination towards buying can be noticed in declining network growth spurts. Holders selling their tokens at a loss, suggesting that investors are not bullish on the … [Continue reading]
Chainlink Price Prediction: LINK bears set to wipe 25% gains
Share: Chainlink price rallied 25% between September 11 and 23 to create a local top at $7.235. The rally that originated due to the bullish divergence is at an end and hints at a reversal. Investors can expect LINK bears to trigger an 8% … [Continue reading]
Binance Coin Price Forecast: BNB needs to retrace before a bullish breakout
Share: Binance Coin price is traversing a falling wedge pattern on the daily chart. BNB is likely to retrace to $202.64 before triggering a breakout to $231.23. Invalidation of the bullish outlook will occur on the breakdown of the $202.64 … [Continue reading]
Solana Price Forecast: SOL can rally 14% if RSI can reclaim this level
Share: Solana price has been struggling to overcome the $20.25 resistance level for nearly three weeks. The AO indicator shows bullish development but needs RSI’s recovery above 50 so SOL can kick start its rally. Investors can expect the altcoin … [Continue reading]
Cardano Price Prediction: ADA could explode 25% due to this divergence setup
Share: Cardano price sets up a bullish divergence setup on the daily chart. The resolution of this formation could result in a 25% ascent to $0.306. Invalidation of the bullish thesis will occur if ADA produces a lower low below $0.231. Cardano … [Continue reading]
Shiba Inu price fall likely as bearishness rains down on SHIB holders, bringing losses to June high
Share: Shiba Inu price has been moving sideways for the past ten days, right above the critical support line of $0.00000699. The lack of incentive to conduct transactions on-chain has left the network losing traction as the formation of new … [Continue reading]