Bitcoin’s price has once again failed to clear the $44,000 resistance zone, signaling potential downside risks. The cryptocurrency is slowly declining and may be at risk of a downside break below the $41,500 level. Despite a fresh attempt to gain pace above the $43,200 level, Bitcoin struggled to reach the $44,000 resistance zone and formed
Bitcoin
Binance Coin (BNB) has recently experienced a significant decline due to market volatility and the SEC lawsuit against Binance and its founder Changpeng Zhao (CZ). However, despite these obstacles, BNB has shown a remarkable recovery and promising prospects. This article will analyze the factors contributing to BNB’s resurgence, including the growing usage of decentralized applications
In the ever-evolving world of cryptocurrencies, PancakeSwap has emerged as a force to be reckoned with. The recent surge in the value of its token, CAKE, has caught the attention of the cryptocurrency community. With an astounding 54% increase in just the past seven days, PancakeSwap has solidified its position as a significant player in
The recent rally in the price of Ethereum has hit a roadblock, with bears now in control of the market. The digital asset is currently correcting gains and is trading below the crucial $2,250 support zone. Ethereum is also below the 100-hourly Simple Moving Average, indicating a downside momentum. There are two bearish trend lines
Despite concerns over network congestion and high gas fees, Ethereum is expected to have a positive future outlook, according to borovik.eth, a partner at Rollbit. While other layer-1 coins like Solana and Cardano have seen significant growth, borovik.eth maintains a deviant and optimistic view on Ethereum. The key factors driving this positive outlook are Ethereum’s
In the midst of a bearish cryptocurrency market, NEAR Protocol (NEAR) has defied the downtrend and showcased remarkable resilience. Unlike the majority of cryptocurrencies that have experienced a downturn, NEAR has not only weathered the storm but has actually surged in value. Over the past week, NEAR has seen an impressive 80% increase in value,
XRP price is showing signs of upward movement from the $0.578 support level. This could indicate a potential new surge towards the $0.680 and $0.700 levels. After finding stable ground near the $0.578 zone, XRP price experienced a decent increase, surpassing the $0.595 and $0.600 resistance levels. The price even cleared the $0.630 resistance, indicating
Cryptocurrency analyst Ali has recently highlighted a potential decline in the price of Polkadot (DOT) based on a sell signal observed in its weekly price chart. By utilizing the TD Sequential tool, commonly used for identifying reversal points in asset prices, Ali suggests that Polkadot may experience a significant drop. This article delves into the
Solana, a popular cryptocurrency, has reached an impressive milestone in December, continuing its trend of significant gains throughout the year. The cryptocurrency has nearly doubled in price since the beginning of the month, attracting more users and increasing its appeal. As a result, the Solana blockchain has experienced an extraordinary surge in user engagement this
Over the past 24 hours, the Shiba Inu burn initiative has witnessed a significant increase in its token burn rate. The burn rate recorded an astonishing 5,043% increase, with over 53.13 million SHIB tokens burned during this period. This surge in burn rate can be attributed to two substantial transactions, each involving over 20,000,000 SHIB