After declining for about two weeks, Bitcoin is now back and has surpassed the important levels. With the shift in BTC’s sentiment the overall market too traded in green and registered gains. Bitcoin at the time of writing is trading at $42.709. Second largest cryptocurrency Ethereum is trading at $3289. Cardano has emerged as a …
The global cryptocurrency market capitalization fell 0.12 percent to $2.06 trillion in the last 24 hours, while trading volume fell 27.12 percent to $61.66 billion on January 16. Guy, the host of the Coin Bureau crypto channel, explains why, despite recent sell-offs, he remains bullish on five key crypto assets. He informs his 1.87 million …
This weekend, the cryptocurrency market continued to recover, with the major coins remaining in the green.BTC is approaching $44K resistance, while ETH is staying around $3.3K. Aave, on the other hand, is leading the race with gains of 9.1%. The host of the famous channel Coin Bureau examines what the future holds for Aave, a …
Coin Bureau crypto channel host Guy is revealing why he remains bullish on five major crypto assets despite recent sell-offs. Guy tells his 1.87 million YouTube subscribers that he is unconvinced that the bull market is over and thinks there are “upcoming crypto milestones that could be a catalyst for a massive reversal.” Starting with Solana […]
With the recent news that Microsoft shuttered production of the Xbox One—finally ending 8th gen for the company—Sony isn’t doing that, at all. Various forms...
On Friday (January 14), crypto research startup Delphi Digital looked at how $FTM has performed against $ETH and $USDT over the past six months. The research firm pointed out that: $FTM’s price action suggests that it is on the verge of a breakout. Although “TVLs across crypto have stagnated”, Fantom’s TVL is up 20% over […]
Bitcoin’s hashrate has been riding high again as the processing power tapped another lifetime high on January 15, 2022, reaching 219.68 exahash per second (EH/s). The new record follows the previous all-time high (ATH) on the first day of the year, when the network’s hashrate tapped 219.5 EH/s. Bitcoin’s Hashrate Hits a Milestone, Analyst Discusses […]
Crypto research firm Delphi Digital thinks a blockchain platform designed for decentralized finance (DeFi) could be the next major player among layer-1 scaling solutions. In its Delphi Daily tweets offering updates and insights about the crypto space, the firm tells its 103,700 followers that Fantom (FTM) is defying an industry-wide downtrend by racking up an […]
NEAR coin price creates a new all-time high level at $20 but falls due to increased profit booking. Will the bulls regain trend control to reach $23? NEAR Protocol is a layer-1 blockchain that was created as a cloud computing platform run by community members. It removes certain limitations that have plagued other blockchains such as slow transaction speed and interoperability. It provides the perfect environment for DApps and provides an easy-to-use and developer-friendly platform. For example, NEAR uses human-readable account names, as opposed to the cryptocurrency-based wallet addresses used by Ethereum. NEAR is also able to provide innovative solutions to scaling issues and also has its own mechanism for consensus called “Doomslug.” Let us move ahead to read about Near Protocol technical analysis. Past Performance of NEAR The NEAR coin price faces rejection near the all-time high level of $20.38, predicted in our previous article. The coin price shows a growth of 60% in the last five days resulting in multiple bullish engulfing candlesticks. The price jump results in the breakout of multiple resistance levels including $18. Therefore, the current retracement acts as the retest of the $18 breakout. NEAR/USD Daily Chart NEAR Technical Analysis The NEAR coin price forms a bearish candle with a minuscule wick, indicating a solid selling pressure in action. However, the free fall in the coin price can find support at $18 as a previous candle shows lower price rejection from the horizontal level. Crucial EMAs (50, 100, and 200) rise in an ascending alignment reflecting a solid bull run in action. Therefore, retracements to 20-day EMA can provide buy-the-dip opportunities. The RSI indicator at 65% shows a small reversal in the slope as it struggles to rise into the overbought zone. Nonetheless, the slope and the 14-day SMA sustain above the center mark in the daily chart. The MACD indicator shows a gradual rise in the MACD and signal lines in the positive segment in the daily chart. Therefore, the indicator remains bullish for the NEAR coin. Therefore, the technical analysis indicates a solid bull run with a short correction in action to retest the bullish breakout. Furthermore, the indicators maintain a buy signal for the coin. Upcoming Trend The creation of an all-time new high level at $20 marks a significant bullish milestone for the NEAR coin. That is why a fall due to profit booking is seen. However, the retest of $18 will drive the prices higher to the next pivot level. That is why holders can see the price break above $20 shortly. The price action suggests support levels at $18 and $16 can halt the profit booking induced falling price. And, a bullish reversal can find selling pressure at $20 and $23. At press time, the sentiments chart gives a “BUY” signal for the Near Protocol token.
The ostensible first cryptocurrency ATM machine has been installed in Uruguay, developed as a joint initiative between Urubit and Inbierto, two national crypto companies. This represents a milestone for the country, which according to estimates has between 40K and 50K cryptocurrency users, whose primary avenue for purchasing crypto relies on peer-to-peer markets. Uruguay Enters the […]