Author: Sollcrypto
The Ethereum price is currently consolidating above the $2,250 mark, and there is potential for a new upward trend if it convincingly breaks through the $2,320 resistance zone. Initiating an upward movement, Ethereum has surpassed the $2,200 and $2,220 levels, with the current price trading above $2,240 and the 100-hourly Simple Moving Average. On the hourly chart of ETH/USD, a significant rising channel is evident, indicating support around $2,275. For a sustained upward momentum, it is crucial for the price to close above key resistance levels at $2,320 and $2,350. This breakthrough could pave the way for a steady increase…
Bitwise Invest, a specialized investment firm in the cryptocurrency sector, has recently disclosed its eagerly awaited crypto forecasts for the year 2024. These predictions offer insights into the future of the cryptocurrency industry, emphasizing significant milestones and potential advancements for major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and platforms such as Coinbase. Anticipated Record-Breaking Performance Forecasted for Bitcoin. Bitwise’s initial forecast indicates that Bitcoin is poised to exceed its previous records, reaching above $80,000 and establishing a new all-time high. The firm attributes this optimistic projection to two pivotal factors: the impending launch of a spot Bitcoin exchange-traded fund (ETF)…
Shiba Inu’s value has sharply declined from its recent peak above $0.00001, effectively nullifying the golden cross configuration. The cryptocurrency has now breached a crucial support level, catching both the market and holders off guard and prompting a sense of caution. The golden cross, characterized by a short-term moving average surpassing a long-term moving average, typically signals a potential uptrend. Investors in SHIB had anticipated such a positive market movement, but the sudden reversal raises concerns about the potential invalidation of this bullish pattern. As the asset grapples to sustain its position, the risk of impending challenges grows, particularly for…
The current Bitcoin market demonstrates a bullish trend, as evidenced by the behavior of prominent Bitcoin holders, often referred to as “whales.” Based on a recent analysis conducted by CryptoQuant, the prevailing pattern in the Bitcoin market closely resembles historical bullish trends. This analysis implies that if these patterns persist as observed in the past, the market is likely to sustain its upward trajectory. Significant Market Impact from Whales A detailed examination of Bitcoin’s ecosystem unveils a compelling storyline: the major participants, commonly referred to as ‘whales,’ are intensifying their activities. Market analyst Ali (@ali_charts) has highlighted a discernible rise…
The Ethereum price is descending below the crucial $2,250 support level, placing ETH in jeopardy of further declines below the $2,120 support zone. Despite attempts, Ethereum faced challenges in initiating an upward momentum beyond the $2,250 resistance.At present, the price is positioned below both $2,250 and the 100-hourly Simple Moving Average.A significant descending channel is taking shape, with resistance around $2,225 according to the hourly chart of ETH/USD (data feed via Kraken).Should the price dip below the $2,120 support zone, there is a possibility that the pair could extend its downward trajectory. Ethereum experiences a price setback. Ethereum’s price made…
In a recent post on X (formerly Twitter), renowned cryptocurrency trader and analyst Dan Gambardello suggested that Cardano (ADA) might attain a $11 target. He emphasized that this price projection is “a highly realistic figure.” Despite the analyst’s optimistic perspective on ADA, the cryptocurrency has experienced a decline in price within the last 24 hours. According to data from CoinMarketCap, ADA registered a 1.24% decrease, currently trading at $0.5599. However, when examining longer timeframes, ADA still showed a notable increase of over 32% in the past 7 days. At present, ADA is testing the formidable resistance at $0.5940. If it…
On Monday, the largest federation of international labor unions announced a groundbreaking agreement with technology giant Microsoft, allowing employees to unionize and initiating a dialogue on the ethical use and implementation of artificial intelligence (AI) within the company. Microsoft President Brad Smith emphasized the importance of collaborating with labor leaders to ensure that AI serves the workforce. He stated, “This groundbreaking partnership honors the rights of workers, learns from the advice of labor leaders as we develop technology, and helps us provide people with the skills that will become essential in a new AI era.” The agreement with the American…
Monday’s Trading Session Spurs Over $500 Million in Crypto Futures Liquidations as Bitcoin and Ether Experience Steep Volatility During Monday’s trading session, cryptocurrency futures traders faced significant losses, exceeding $500 million in liquidated positions due to the impact of steep volatility on highly leveraged long and short positions. Major cryptocurrencies, including Bitcoin (BTC), witnessed fluctuations from $43,000 to as low as $40,300, resulting in drops of up to 12%. This trend extended to other tokens like Chainlink (LINK), Cardano’s ADA, and Solana’s SOL, which experienced over an 8% decline before a partial recovery. Riskier assets like Shiba Inu (SHIB) and…
Bitcoin Core and Knots Vulnerability Rated as Medium-Risk (5.3) in National Vulnerability Database The National Vulnerability Database has highlighted a security concern within Bitcoin Core and Bitcoin Knots, assigning a 5.3 medium-risk rating to this vulnerability. This development is significant due to its potential impact on the security and integrity of the Bitcoin blockchain, shedding light on the ongoing struggle between security and innovation in the cryptocurrency realm. The identified flaw, as documented in the database, impacts Bitcoin Core versions up to 26.0 and Bitcoin Knots versions before 25.1.knots20231115. It allows for the circumvention of datacarrier size limits through code…
Pepe Coin Price Forecast: Across the last four months, the PEPE price exhibited a lateral trend, depicting a lack of decisive action from buyers or sellers. Yet, a closer examination of the technical chart unveiled this period of consolidation as the development of bullish reversal patterns, specifically inverted head and shoulder patterns. The recent breakout beyond the neckline of this pattern suggests that buyers are poised to assume control. Positive Pattern Positions $PEPE for Substantial Recovery The ascending PEPE price might encounter resistance levels above at $0.00000190 and $0.00000234. The upward slope of the 50-day EMA remains a source of…