Share: Hong Kong industry insiders are pushing regulators to approve spot cryptocurrency exchange-traded funds (ETFs). It comes after the US approved spot Bitcoin ETFs, reinvigorating the Asian state’s desire to become Asia’s’ … [Continue reading]
Celestia price tops out with a possible 10% correction for TIA before another buying opportunity
Share: Celestia price has benefitted from active buyer accumulation whenever corrections happened with an ascending parallel channel in play. TIA could drop 10% to the Saturday open at $16.38 before bulls have another opportunity I buy the dip. … [Continue reading]
CyberConnect price could fall 10% as $9.65 million worth of CYBER tokens due to flood markets in cliff unlock
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]