The release of the May US Consumer Price Index (CPI) data revealed a slight decrease in inflation, dropping from 3.4% in April to 3.3% in May, which has had a positive impact on the cryptocurrency market, leading to a strong recovery in major crypto assets. As Bitcoin’s price continues to
June 13, 2024 2 mins read
The Solana (SOL) coin price continues to trade under bearish pressure, despite the increased price volatility observed in the broader cryptocurrency market. The altcoin has repeatedly failed to break out of its resistance zone, indicating a weak price action and a lack of bullish momentum. Since the cross-market correction that
June 12, 2024 2 mins read
As Bitcoin’s price dipped below the critical support level of $68,000, the meme coin sector has experienced a downturn, with leading meme coins shedding substantial value from their respective portfolios. Among the affected tokens, the Pepe coin has continued to exhibit a strong bearish price action, recording a correction within
June 11, 2024 2 mins read
Polygon has announced the launch of its Community Grants Program (CGP) to foster the growth of its ecosystem and support the development of new projects built on both the Polygon and Ethereum networks. For the program’s inaugural season, Polygon has allocated 35 million MATIC tokens to fund innovative projects and
June 11, 2024 2 mins read
While some consider Cardano to be a passive or even dying blockchain, and its native token ADA is often deemed “dead” due to its inability to achieve significant price gains, the platform continues to show bullish signs as it prepares for the upcoming Cardano Node 9.0 hard fork. This hard
June 10, 2024 2 mins read
In recent weeks, the Solana (SOL) price has continued to consolidate around critical support levels, following Bitcoin’s latest struggle to establish a clear trend above the $70,000 psychological mark. Despite the overall stable market sentiment, Solana has experienced a mood swing in key on-chain metrics, suggesting the possibility of a
June 10, 2024 2 mins read
As Bitcoin surges above the $71,000 mark, the strength of the bulls in the cryptocurrency market continues to grow on a daily basis, and the Toncoin (TON) price is showcasing a massive upswing in motion. With a breakout rally currently underway, the TON price is displaying immense upside potential as
June 7, 2024 2 mins read
Solana’s price has encountered significant difficulties in surpassing a specific price level after rising above a certain range, resulting in heavy consolidation within an extremely narrow range just below the resistance. Compounding the issue, the trading volume has not reached the desired level, which further exacerbates the possibility of the
June 7, 2024 2 mins read
As the cryptocurrency market continues to exhibit a positive price action, with top altcoins adding significant value to their respective portfolios, the market leader, Bitcoin, has managed to maintain its price above the crucial $71,000 mark. In a similar vein, Ethereum, the leader of altcoins, has displayed a comparable price
June 7, 2024 2 mins read
Polygon (MATIC) has been experiencing a bearish trend over the past two months, as evidenced by its price consistently trading below the EMA 100 (Exponential Moving Average 100). However, a closer examination of key indicators such as the EMA 100, the Ichimoku Baseline, and the Ichimoku Cloud suggests that a
June 7, 2024 2 mins read