USD/CAD remains pressured around fortnight low, keeps Friday’s break of 21-DMA. The first daily close below 21-DMA in six weeks, bearish MACD signals favor sellers. One-week-old descending trend line adds to the upside filters. USD/CAD fades the … [Continue reading]
XRP price might rally back to $0.50, heres why
XRP price shows a shallow pullback after a 10% countertrend rally. The Relative Strength Index is now in the supportive territory after auctioning several days in oversold territory. Invalidation of the bullish countertrend is a breach below … [Continue reading]
LINK price: Chainlink wallets accumulate the altcoin, prepare for massive comeback
Chainlink wallets holding between 10,000 and 1,000,000 LINK have purchased more than $223 million worth of the altcoin since min-May. Proponents believe the altcoin's cross-chain interoperability protocol is on its way to being the preferred … [Continue reading]
XRP Price: What is going on in the SEC v. Ripple case
The payment giant Ripple and the US regulator Securities and Exchange Commission have filed reply briefs to each other's motions for summary judgment. Both parties are speaking about the parts of the briefs they want redacted and filed … [Continue reading]
Metaverse users alert: World’s first global police force Interpol has entered virtual world
At a surprise session of the 90th Interpol General Assembly in New Delhi, Interpol unveiled the first ever metaverse specifically designed for law enforcement. The metaverse allows registered users to tour a virtual facsimile of the Interpol … [Continue reading]
Dogecoin struggles with consolidation as it continues to wait for the return of its 700,000 investors
Dogecoin has been stuck moving only sideways for more than two months now. Back in March, more than 700k DOGE holders left the network within 48 hours, less than half of which have returned since. Reclaiming those investors, combined with the … [Continue reading]
AXS dips by 10% ahead of Axie Infinity’s $194 million token unlock event
Over 21.5 million AXS tokens are set to be unlocked by October 25. These tokens’ distribution has already been allocated and will not be directly pushed into circulation. The selling pressure on AXS is already at its peak, with the price hitting … [Continue reading]
EURUSD: The Euro reclaimed 0.9800 as Federal Reserve officials would tune subsequent rate hikes
The Federal Reserve is laying the ground to shrink the size of upcoming interest rate hikes, weighed on the US Dollar. Falling US bond yields undermined the USD and boosted the EUR. The EURUSD is downward biased, though a break above 0.9900, could … [Continue reading]
Assessing the Ethereum Classic price and its’ bounce-worthy potential
Ethereum Classic price has been down 50% since September. ETC price hovers over a key Fibonacci level The uptrend depends on the $20 liquidity zone remaining unbreached. Ethereum Classic price is at an appetizing level that could reward early … [Continue reading]
WTI turns positive, hovering around $85.00 a barrel as the US Dollar tumbles
Western Texas Intermediate (WTI) s set to finish the week with losses of 0.55%. China’s demand and a soft US Dollar underpinned oil prices. WTI buyers unable to crack the 50-day EMA keeps the commodity downward biased. WTI is about to finish … [Continue reading]