Ethereum recently faced rejection at Fibonacci (Fib) resistance and trended downward. However, its price has now bounced at a critical Fib support level, signaling that the coin may turn bullish again soon. This rebound suggests investors might resume purchases, potentially lifting ETH out of its post-resistance decline. Bear Cycle weighs
February 8, 2024 2 mins read
The price of Cardano (ADA) has drifted lower in recent days, now trading under a key descending resistance level. After hitting a high of $0.69 in December, ADA has struggled to regain bullish momentum. It currently trades at around $0.48. According to technical analysis, ADA fell over 35% from its
February 6, 2024 2 mins read
Yet another multi-hundred thousand dollar crypto hack hit the news this week, tied to the surging real-world asset tokenization trend and lax security practices. According to threat intelligence group Arkham, hacking syndicate Inferno Drainer made off with $900,000 worth of Chainlink’s LINK tokens from a Swiss crypto investment fund’s hot
February 5, 2024 2 mins read
Based on technical indicators flagged by prominent crypto analyst Ali Martinez this week, meme-inspired token Dogecoin looks set to enjoy a sharp move in price action after an extended period of listless trading. The question now becomes whether the impending volatility spike portends a bullish price surge or another collapse
February 5, 2024 2 mins read
Solana’s native token, SOL, plunged this week after facing rejection around the $108 level, sparking debate on whether the asset can reclaim lost ground in the near future. SOL had traded rangebound between approximately $99 and $108 for over two weeks into late January, struggling to regain bullish momentum following
February 1, 2024 2 mins read
Rario, the world’s premier licensed digital cricket collectible platform, received significant backlash from users recently over proposed changes to its rewards system. However, the company announced this week that it has decided to walk back the adjustments and maintain the current program following pleas from collectors. In its update tweet,
February 1, 2024 1 min read
XRP slipped over 5% in the last few hours, violating multiple price floors as bears seized short-term control. The token also fought to hold above the psychologically important $0.51 mark. The breakdown revives downside risks, depending on whether or not crucial support bottles up selling pressure. After spiking briefly on
January 31, 2024 1 min read
The Shibarium Layer-2 network has facilitated over 320 million total transactions while aiming to substantially lower Ethereum-imposed fees, limiting adoption. The mounting developer imprint comes as SHIB prices exhibit early signs of bottoming out following an 85% crash since 2022’s heights. The token has lifted 11% off recent swing lows
January 31, 2024 1 min read
Prominent crypto analyst Rekt Capital issued an upbeat short-term forecast for Solana’s SOL token this week, calling for a “significant surge” toward the $115 level. The prediction comes as Solana prices regain positive momentum after reclaiming former range lows. According to Rekt Capital, Solana continues tracking a predetermined price path
January 31, 2024 2 mins read
The Securities and Exchange Commission could follow eerily similar tactics with its pending ruling over proposed spot Ethereum exchange-traded funds (ETFs) as it recently did with sanctioning Bitcoin ETFs, says a new Standard Chartered report. Analysts eye mid-May as a prime decision target to send ETH to $4K—if the past
January 30, 2024 2 mins read