Share: Cardano price is testing a supply zone extending from $0.3998 to $0.4099 as part of a strong recovery rally. ADA could drop 10% to $0.3507 due to selling pressure from the aforementioned supply barrier. Invalidation of the bearish thesis … [Continue reading]
Singapore Purchasing Managers Index increased to 50.3 in November from previous 50.2
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]
dYdX price jumps almost 10%, defies narrative after 150 million DYDX token hit the market
Share: The dYdX network unleashed 150 million DYDX tokens to the market on December 1. Traders rode the associated volatility and now DYDX boasts almost 10% in gains hitherto. The tokens were unlocked on the dYdX chain, which is not supported by … [Continue reading]
Render price trades within a supply zone, risks a 20% fall unless this happens
Share: Render price is confronting a formidable supply barrier that continues to threaten its upside potential after a 165% climb. RNDR could drop 20% to the $2.825 support level amid selling pressure from this zone. The bearish thesis will be … [Continue reading]
Shibarium transactions hit new highs at $5.11 million but Shiba Inu price fails to show parity
Share: Shibarium transactions have hit a new all-time high of $5.11 million, according to lead marketer of the Shiba Inu ecosystem. Lucie cites reports increased traffic, soaring gas prices, and more burn, acknowledging that momentum is coming … [Continue reading]
SEC lawyers face possible sanctions for undermining integrity of court proceedings in Debt Box case
Share: A US court could impose sanctions on SEC lawyers with possible sanctions for pedaling false arguments in Debt Box case. Based on the report, the financial regulator misleadingly cajoled the court into imposing a temporary restraining order … [Continue reading]
Stacks price shows 15% upside potential, tops, before a possible nosedive
Share: Stacks token price uptrend could run out of steam soon, with only a 15% climb until the end of the line. STX could face a rejection from the $0.8860 resistance level, kickstarting a steep correction towards the ascending trendline. The … [Continue reading]
Coinbase stock trading volume skyrockets, outpaces Bitcoin, Ethereum after Binance capitulation
Share: Coinbase stock is up almost 300% in 2023, outpacing Bitcoin and Ether's growth of 130% and 75%. Among the drivers for the surge is skyrocketing trading volumes, Q4 numbers stand out with one month to go. It comes amid expectation that … [Continue reading]
US Dollar reverses its course despite Jerome Powell’s words, falling US yields
Share: The DXY Index is seen with losses around 103.15, after reaching a high of 103.70, above the 200-day SMA. Fed Chair Powell warned that the bank will hike again if needed, keeping its data-dependency approach. The US ISM Manufacturing … [Continue reading]
Gold Price Forecast: XAU/USD surges to a seven-month high, amid Powell’s remarks
Share: Gold price rallied to a new multi-month high of $2060.62 amid Powell’s speech. Federal Reserve Chair Jerome Powell's remarks on soft inflation data and high core inflation boost Gold's appeal as a hedge. US interest rate expectations now … [Continue reading]