Share: Cardano price shows signs of a breakout, forecasting a 15% rally to an area that holds a strong selling interest. The momentum comes amid 6.61 million ADA coming in, a net flow value attributed to 34,350 large transactions in two days. The … [Continue reading]
Shiba Inu tests 50-MA despite whales accumulating billions of SHIB tokens
Share: Shiba Inu price is testing the 50-day MA despite large wallets acquiring up to 100 billion tokens. This Moving Average has capped the meme coin, preventing SHIB from moving higher. Bulls must flip this hurdle into support to avoid … [Continue reading]
Ethereum price at catch-22, pressed between this bullish outlook and a waning of momentum
Share: Amid increasing volatility, Ethereum price has filled up the pennant making a breakout imminent. While the outlook is bullish, less-than-sufficient buying momentum may delay the $2,000 dream for ETH bulls. Large transaction volume has … [Continue reading]
Bitcoin price could finally have a shot at the much anticipated $30,000
Share: Bitcoin price gained momentum on June 1, increasing the odds for the crypto king to rally north. BTC could make a 10% leap to tag the $30,000 level enticed by the liquidity cluster above that level. The bullish outlook will be invalidated … [Continue reading]
Binance to support the Lightning Network for its exchange and wallet services
Share: Binance CEO has indicated plans for the exchange to integrate the Lightning Network for saved costs and faster transactions. The feature will be supported for small amounts at first, with various solutions already in the works. CZ also … [Continue reading]
Hedera Hashgraph price poised for a 15% rally after a massive rise in social volume
Share: Hedera is trending after the governing council meeting in the Google headquarters, news of fractionalized tokenization of property on Hashgraph. Amid a 129% weekly growth in social volume, Hedera price shows a rising momentum to support the … [Continue reading]
RPL price coils up for a breakout fueled by a 70% rise in Rocket Pool network growth
Share: Rocket Pool price is filling up a pennant, forecasting a 60% value growth. The optimism in RPL comes amid a burgeoning ecosystem, including the recent integration with Zksync Era. Santiment data indicates a 70% increase in network growth in … [Continue reading]
GBP/JPY Price Analysis: Hits YTD highs on risk-on sentiment, retraces as a rising wedge forms
Share: GBP/JPY surges to year's high, up by 0.18%, amid positive market sentiment. Expectations of a dovish Fed and resolution of the US debt-ceiling imbue strength to high beta currencies. Despite the overall upward bias, the technical outlook … [Continue reading]
EUR/JPY ends week lower despite two-day rally
Share: The EUR/JPY trades for a second consecutive day with gains. Cross ends week with gains, but below 150.00. Yield divergence favours the Euro. The EUR/JPY closes the week trading with gains above 149.80 as the Yen weakened across the board on … [Continue reading]
Chainlink price eyes 30% gains as cryptos stage a recovery rally
Share: Chainlink price is limited by massive volatility and a lack of momentum among the bulls. LINK could rise 30% to collect liquidity around the $8.17 price range if buying pressure is sustained. The bullish outlook will be invalidated upon a … [Continue reading]