Share: CyberConnect price has consolidated along an ascending parallel channel, with a recent correction testing the lower boundary on January 8. The network has a cliff token unlock on Sunday, with 1.26 million CYBER tokens worth $9.65 million to … [Continue reading]
MATIC price risks a 7% fall even as the network empowers the next wave of DeFi on Polygon zkEVM
Share: Polygon price faced a rejection from the $0.9702 resistance to hold thinly above the 50-day SMA at $0.8599. MATIC could drop 7% to the $0.8000 psychological level, with the buck resting on the 50 SMA. The bearish thesis will be invalidated … [Continue reading]
XRP price could witness correction as SEC goes after Ripple’s financial statements
Share: XRP price seems to be struggling to breach the $0.600 mark as the market is presently focused on Bitcoin. The SEC is continuing its futile attempts at bringing down Ripple, now filing a motion to produce the company's financial statement. … [Continue reading]
Ripple and SEC remain at a cross as the regulator goes after company’s financial statement
Share: XRP price seems to be struggling to breach the $0.600 mark as the market is presently focused on Bitcoin. The SEC is continuing its futile attempts at bringing down Ripple, now filing a motion to produce the company's financial statement. … [Continue reading]
Shiba Inu Price Forecast: SHIB investors still have a shot at a 41% rally
Share: Shiba Inu price, despite a 13.57% decline, still has not invalidated the double bottom bullish reversal pattern. SHIB is treading above the stop loss of $0.0000094, with minor hints of recovery. A 5% increase from the current price would … [Continue reading]
Grayscale outflows near $600 million on trading day 3 as GBTC holders leverage spot BTC ETF approvals
Share: Grayscale Bitcoin Trust (GBTC) has seen $484 million in outflows on Friday as GBTC holders capitalize on open redemption options. With it Bitcoin price has also dropped upwards of 7%. In hindsight, the Grayscale Bitcoin Trust … [Continue reading]
EUR/JPY Price Analysis: Falls to two-day lows below 159.00, as bears loom
Share: EUR/JPY's loss may indicate a bearish shift, with a possible close below Ichimoku Cloud signaling further downtrend. Immediate support levels include 159.50 and Tenkan-Sen at 157.62, with significant downside risk at Kijun Sen at 156.64. For … [Continue reading]
Canadian Dollar sees mixed results on Friday, softer overall on the week
Share: Canadian Dollar (USD) sees slight gains against US Dollar following US PPI miss. Canada economic calendar empty of meaningful data until next Tuesday’s CPI. Crude Oil up again on supply chain fears. The Canadian Dollar is a mixed bag in … [Continue reading]
GBP/USD needs to push under 1.26 decisively to put a negative spin on price action – Scotiabank
Share: GBP underperforms after mixed GDP data for November. Economists at Scotiabank analyze Cable’s outlook. Intraday support is 1.2690/1.2700 UK November GDP rose a stronger than expected 0.3% MoM but fell slightly more than forecast in the 3M/3M … [Continue reading]
Ripple drops IPO plan, eyes buy back of $285 million privately owned shares
Share: Ripple has dropped its IPO plans and is currently in the process of buying back $285 million private shares. Ripple CEO Brad Garlinghouse reveals Ripple’s plan to buy back shares on a regular basis to provide liquidity to … [Continue reading]