[ad_1] Cardano (ADA) is facing increasing bearish momentum, with its price nearing a critical support level at $0.8119. This potential retest signals a pivotal moment for the cryptocurrency as market conditions turn unfavorable. Recent price action with negative signals from key technical indicators has intensified concerns about further downside risks. The Relative Strength Index (RSI) and other metrics suggest growing selling pressure, making ADA’s ability to hold above this key level a matter of significance. A breach below $0.8119 could pave the way for more losses, potentially pulling ADA into uncharted bearish territory. However, defending this support level might provide…
Author: dfrancis36
[ad_1] In physics, Newton’s Laws of Motion dictate the outcome of two moving objects colliding. Different factors such as mass and speed make calculating the impact of, say, a linebacker tackling a wide receiver in the open field relatively predictable.In society, however, when two competing ideologies clash, the results are less predictable. Factors like resources and social capital can help experts make historically rooted predictions, providing analyses for what to expect during unstable times, but in a far less scientific manner.While economics is a social science, only one financial model has dominated the global economy for centuries, remaining largely unchallenged,…
[ad_1] Este artículo también está disponible en español. In his latest video published on December 21, crypto analyst Rekt Capital tried to answer the question “What’s The Worst Case Scenario For Bitcoin Right Now?”. After reaching a new all-time high at $108,374 on December 17, the BTC price is down more than -11%. How Low Can Bitcoin Price Go? Rekt Capital put the Bitcoin price pullback in a historical perspective, underscoring the historical importance of weeks 6, 7, and 8 in a “price discovery uptrend.” Drawing upon past cycles such as 2013, 2016–2017, and 2021, he explained that Bitcoin has…
[ad_1] 2024 has been one of the most positively eventful ever in the history of crypto, with three key occurrences that are likely to be remembered as particularly significant. First, the launch of spot Bitcoin ETFs back in January, followed also by spot ETH ETFs mid-year. Second, the election in November of a US president who is openly supportive of crypto and has clearly signalling a crypto-friendly approach, and third, bitcoin in December breaking the milestone $100,000 price target. From that basis then, let’s look at some predictions about what may be incoming in 2025, and try to assess whether…
[ad_1] The 24-hour Dogecoin price action has been highlighted by a range between $0.3049 and $0.3229 as both the bulls and bears work to break into either side. As the cryptocurrency continues to struggle with price corrections on the short-term timeframe, technical analysis of a wider timeframe shows a bullish structure that would lead to a parabolic surge in the coming weeks and months. According to technical analysis of the monthly candlestick chart by crypto analyst Trader Tardigrade, Dogecoin is well on track for a bullish breakout from here. He highlighted the formation of an ascending channel from the bottom,…
[ad_1] Este artículo también está disponible en español. The XRP price has continued its steep correction into the past 24 hours, with it currently hovering around the $2.2 price level. Nonetheless, analysts are still concerned about the possibility of the XRP price reaching new highs sooner than later, with some giving projections into the two-digit threshold at $10 and beyond. Interestingly, crypto analyst Cryptoinsightuk recently shared his thoughts on social media platform X, drawing attention to a potential roadmap for XRP to achieve this ambitious target. Mirroring The 2017 XRP Price Pattern Cryptoinsightuk has brought a compelling perspective to the…
[ad_1] Este artículo también está disponible en español. Bitcoin price extended losses and traded below the $100,000 zone. BTC is showing bearish signs and might continue to move down toward the $91,200 support zone. Bitcoin started a fresh decline from the $100,000 resistance zone. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $95,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $92,000 support zone. Bitcoin Price Dips Again…
[ad_1] President-elect Donald Trump has made headlines with his latest selection of Bo Hines as executive director of the newly formed Presidential Council of Advisers for Digital Assets, also known as the “Crypto Council”. This announcement, made via Trump’s Truth Social account, is a key step in shaping the incoming administration’s stance on cryptocurrency and blockchain technology. A New Era For Cryptocurrency Hines, a 29-year-old Yale graduate and former college football player, is slated to serve as the leader of this advisory group, in addition to David Sacks, who has been designated as the “Crypto Czar.” Trump’s remarks highlighted the council’s…
[ad_1] BNB price is consolidating above the $620 support zone. The price is consolidating and might aim for a fresh increase above the $675 resistance. BNB price is struggling to settle above the $700 pivot zone. The price is now trading below $680 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $675 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $640 level to start another increase in the near term. BNB Price Holds Support After a downside correction, BNB price found…
[ad_1] We are in the last week of the year. All that you have is 7 days to make an impact in your portfolio this year and in order to do that, you will need the right tokens. That’s what we have today – the top 4 best tokens that can surge by the end of the year just like PENGU and Fartcoin. For those who don’t know, Pengu already has a $2.3 billion market cap, and Fartcoin, which was launched in October has a market cap of $1 billion. 1. Solaxy (SOLX) SOLX is one of the hottest trending…