Share: Optimism price struggles below the $1.86 and $1.80 resistance levels. If OP produces a lower high below $1.86, it could signal the start of a downtrend. Such a development could trigger a 15% pullback. Invalidation of the bearish … [Continue reading]
Yearn Finance crashes 40% in five hours, as altcoins lose footing
Share: Yearn Finance price faces an immense sell-off, knocking the YFI token down by 40%. Profit-taking in altcoins is likely going to trigger double-digit losses for many altcoins. Bitcoin price continues to move sideways around the $36,000 region … [Continue reading]
If Dogecoin price continues on its path, DOGE could kickstart 110% rally
Share: Dogecoin price has breached a declining weekly trend line, signaling a bullish resurgence. Clearing the weekly MRI resistance level at $0.0814 opens the path for DOGE to trigger a 100% move. A breakdown of the $0.0574 support level … [Continue reading]
Franklin Templeton spot Bitcoin product delayed as Fidelity joins BlackRock and Grayscale in Ethereum ETF race
Share: The US SEC has delayed Franklin Templeton’s spot BTC ETF, adding to the list of shattered hopes this week. Along with it, the eight-day window has closes, setting the next calendar date of interest as January 10. Fidelity has also filed for … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC unfazed as the SEC engages exchanges for spot ETFs
Share: Bitcoin price remains under the $36,500 level as the absence of momentum leaves BTC susceptible to a slump. Ethereum price risks at least 5% slump to the $1,864 level if it loses critical support at $1,935. Ripple price risks a 10% drop to … [Continue reading]
AUD/JPY Price Analysis: Friday’s bullish close looking for a rebound into 98.00
Share: The AUD/JPY saw a late break higher in Friday's broad-market sentiment recovery. The Aussie is catching a bounce from the 200-hour SMA and a rising trendline. The technicals are leaning bullish with more upside on the cards, but headwinds … [Continue reading]
US Dollar closes its worst week since July as investors bet on a dovish Fed
Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not … [Continue reading]
New Zealand Dollar continues climbing against US Dollar
Share: The New Zealand Dollar trades higher against the US Dollar but lower versus the Yen on Friday. The Kiwi is supported by a relatively benign outlook for inflation amongst most counterparts. NZD/USD establishes a floor and rebounds, … [Continue reading]
Oil: Saudi Arabia will extend its production cuts into 2024 if they want prices to remain above $80 – ANZ
Share: Oil prices are likely to settle around $80/bbl, strategists at ANZ Bank report. Saudi Arabia may extend cuts as Oil market tightness eases Tightness in the Oil market has eased as growth in non-OPEC supply has more than offset strong demand. … [Continue reading]
SushiSwap partnership for native Bitcoin swaps fails to trigger SUSHI rally
Share: Sushi has partnered with ZetaChain to explore native Bitcoin swaps for users across 30 blockchain networks. Experts believe Bitcoin users could gain exposure to DeFi in a native manner through the integration. SUSHI price yielded … [Continue reading]