Connect with us

Amb Crypto

Chainlink, Monero, BitTorrent Price Analysis: 24 January

Avatar

Published

on

The major cryptocurrencies in the market have been consolidating but in most markets, bullish trends have been overtaken by bearish ones. Major cryptocurrencies like Chainlink [LINK], Monero [XMR], and BitTorrent [BTT] have been currently noting rising pressure from the sellers.

Source: CoinStats

Meanwhile, for the world’s largest cryptocurrency – Bitcoin, the past 24-hours saw the price increase by a negligible 0.8 percent and currently trades at $32,144 at press time.

Chainlink [LINK]

Source: LINKUSD on TradingView

According to the above chart, the current Chainlink [LINK] market has been bouncing between $23.64 and $25.02. The current trading value of the digital asset was $23.74, while the overall trend in the market seemed to favor the short traders.

The value has approached the support at $23.64 and the Bollinger bands were noting that the market was not as volatile as before. The signal line was over the price bars, noting a level of bearishness evident in the market. Whereas, the 50 moving average was currently supporting the price at $23.75.

The Relative strength index indicated that the asset was moving sharply towards the oversold zone.

Monero [XMR]

Source: XMRUSD on TradingView

The Monero price has also been seeing a long period of consolidation between $143.43 and $149.96. As the value recovered from the previous fall, it has found a stable territory to trade at. The 50 moving average has formed an arc under the candlesticks which have supported its price.

But like other altcoin markets, the sellers have taken a position in the market and the devaluation has begun. The RSI has been moving away from the equilibrium, while the MACD was noting a constantly changing trend.

BitTorrent [BTT]

Source: BTTUSD on TradingView

The BitTorrent price recently peaked and immediately corrected itself in the following hours. As the price moved lower, the 50 moving average came closer to the candlestick making the price take support from the $0.00034 price level.

Meanwhile, RSI was noting that the traders were balancing out the buying and selling of the coin. The Awesome Oscillator was indicating that the momentum had escaped the market and it is likely to reside in the current zone at least in the short term.

Source: https://ambcrypto.com/chainlink-monero-bittorrent-price-analysis-24-january/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

Avatar

Published

on

Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

Continue Reading

Amb Crypto

FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

Avatar

Published

on

A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

Continue Reading

Amb Crypto

Why Mark Cuban is looking forward to Ethereum’s use cases

Avatar

Published

on

Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

Continue Reading

Amb Crypto

Litecoin, EOS, Enjin Coin Price Analysis: 01 March

Avatar

Published

on

Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

Continue Reading
Gaming5 days ago

Betfred Sports, Represented by SCCG Management, Signs Multi-year Marketing Agreement with the Colorado Rockies

Blockchain5 days ago

‘Bitcoin Senator’ Lummis Optimistic About Crypto Tax Reform

Blockchain5 days ago

Dogecoin becomes the most popular cryptocurrency

Blockchain5 days ago

Billionaire Hedge Fund Manager and a Former CFTC Chairman Reportedly Invested in Crypto Firm

Blockchain5 days ago

Bitcoin Price Analysis: Back Above $50K, But Facing Huge Resistance Now

Blockchain5 days ago

NEXT Chain: New Generation Blockchain With Eyes on the DeFi Industry

Blockchain5 days ago

Institutional Investors Continue to Buy Bitcoin as Price Tops $50K: Report

Blockchain4 days ago

Elrond & Reef Finance Team Up for Greater Connectivity & Liquidity

Big Data2 days ago

Online learning platform Coursera files for U.S. IPO

Blockchain4 days ago

SushiSwap Goes Multi-Chain after Fantom Deployment

Blockchain4 days ago

Here’s why Bitcoin could be heading towards $45,000

Blockchain5 days ago

Dogecoin price reclaims $0.050 as crypto firm supports DOGE at 1800 ATMs

Blockchain5 days ago

UK Budget Avoids Tax Hikes for Bitcoin Gains

Blockchain4 days ago

eToro and DS TECHEETAH Change Face of Sponsorship With Profit-Only Deal

Blockchain5 days ago

Calls for Bitcoin Breakout Above $50,000 Grow; 3 Reasons Why

Blockchain4 days ago

Ethereum’s price prospects: What you need to know

Blockchain4 days ago

Apple Pay Users Can Now Buy COTI Via Simplex

Blockchain3 days ago

Non-Fungible Tokens – NFT 101 – Why People are Spending Millions of Dollars for Crypto Art and Digital Items

Business Insider2 days ago

Wall Street people moves of the week: Here’s our rundown of promotions, exits, and hires at firms like Goldman Sachs, JPMorgan, and Third Point

Blockchain4 days ago

Tron Dapps Market Gets A Boost As Bridge Oracle All Set to Launch MainNet Soon

Trending