USD/INR licks its wound after refreshing multi-day low. Strong foreign inflow, broad US Dollar weakness underpins USD/INR slump. Hawkish Fed talks fail to impress USD bulls amid hopes of easy rate hike in February, policy pivot afterward. Markets … [Continue reading]
USD/JPY bears eye 129.00 on BoJ Minutes, focus on US GDP, Tokyo inflation
USD/JPY takes offers to refresh intraday low after BoJ Minutes. BoJ Minutes flashed mixed signals as majority supported easy-money policy, one member criticized YCC tweak. Mixed sentiment, broad US Dollar weakness exerts downside pressure amid … [Continue reading]
Gold, Chart of the Week: XAU/USD trapping longs for a significant squeeze ahead of key red-hot events
Gold price bulls getting jammed in above the prior week's highs in the $1,920s. A phase of distribution could be on the cards with last week's highs a potential spring for the bears to lean against. Gold price made the highest level since April … [Continue reading]
Weekly Recap: Genesis bankruptcy hearing, hackers promote BAYC, US banks receive billions in loans
Crypto lending firm Genesis' bankruptcy hearing is scheduled on January 23. Indian cricket team Royal Challengers Bangalore (RCB)'s Twitter handle was reportedly hacked and changed to Bored Ape Yacht Club. Silvergate and Signature Bank … [Continue reading]
Dogecoin price could trigger an explosive rally to $0.106 if these conditions are met
Dogecoin price has pierced through the hurdle at $0.0813 and is attempting to use it to propel higher. A bounce off this level could catalyze a 10% move to the selling climax at $0.0946. Invalidation of the bullish thesis will occur if DOGE flips … [Continue reading]
Here’s how Binance’s $100,000 limit via Signature Bank affects BNB price
Binance adds a minimum limit of $100,000 for buying cryptocurrencies Binance announced that Signature Bank was limiting its involvement in cryptocurrencies. As a result, the crypto platform’s fiat partner will only execute orders worth $100,000 or … [Continue reading]
XRP Price Prediction: Ripple primed for a 20% breakout
XRP price is knocking on a multi-year declining trend line, hinting an explosive breakout if its breached. Investors can expect a 20% upswing to tag the 200-week SMA at $0.493. Invalidation of the bullish thesis will occur if Ripple slides below the … [Continue reading]
Cardano price could trigger a 15% correction if ADA bulls fail to take control
Cardano price is having trouble overcoming the $0.369 hurdle while the RSI continues to tank. ADA could slide 15% to retest the $0.303 support level. A flip of the $0.369 resistance level into a support floor with the backing of rising momentum will … [Continue reading]
Ethereum Price Prediction: Odds stacked against bears’ comeback, but can ETH bulls retest $2,000?
Ethereum price shows a 37% year-to-date, which is almost equal to that of Bitcoin. The upside for ETH could extend up to $1,820, but if the momentum indicator continues to wane, this could be a top signal. Invalidation of the bearish thesis will … [Continue reading]
This is what needs to happen for Bitcoin price to hit $30,000
Bitcoin price has rallied 8% so far after an explosive start to 2023. A flip of the 200-weekly SMA at $24,646 will open the path for BTC to retest $30,000. Invalidation of the bullish thesis will occur if BTC flips the $15,443 support level. Bitcoin … [Continue reading]