TA: Bitcoin Struggles Near $56K, Here’s Why 100 SMA Is The Key
Bitcoin price spiked above the $56,000 resistance against the US Dollar, but it failed to continue higher. BTC is could correct lower, but the 100 hourly SMA is likely to provide support. Bitcoin extended its rise above the $55,500 and $56,000 resistance levels. The price is now trading well above $54,000 and the 100 hourly […]
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XRP is suffering currently, even while Bitcoin trades well above its former all-time high. The reason for the altcoin’s struggles is due to the SEC slapping the coin’s parent company and its top executives with a lawsuit. The crypto community has been quick to point the finger to laugh, despite its dangerous implications for the […]
Bitcoin price is holding the $55,000 support zone against the US Dollar. BTC must clear the $57,000 resistance and the 100 hourly SMA to move into a positive zone. Bitcoin is somehow holding the $55,000 and $54,500 support levels. The price is now facing a strong resistance near $57,500 and the 100 hourly simple moving […]
Dogecoin has found itself navigating erratic zones as it struggles to keep up with the impressive price surges of various altcoins in the crypto market. DOGE Experiences Slow Growth While the broader cryptocurrency market is preparing for the upcoming bull run and has experienced several upticks from the current industry trends, the price of DOGE […]
Welcome to the CryptoCoinsNews weekly altcoin news update, where we examine important altcoin stories that have gone under-the-radar. This week's article examines Litecoin's recent price struggles, Darkcoin's recent progress toward anonymity, and QuarkBar's introduction of adaptive coin creation. Litecoin Price Struggles. Since its release in 2011, Litecoin has consistently remained cryptocurrency's silver standard. However, hundreds of new altcoins have followed in Litecoin's shadow over the past several years. While most of these altcoins are essentially worthless, more and more are....
Dogecoin struggles to maintain its momentum, dropping steadily by 9%. And it seems investors are letting the chips fall where they may. Following the announcement that Elon Musk would buy Twitter, DOGE soared 26% and everything went bullish especially after the news that the Tesla CEO bought Twitter for $44 billion. Suggested Reading | Dogecoin (DOGE) Trading Volume Plunges – Here’s Why Musk Shakes Things Up For DOGE Apparently, the popular meme coin had a sharp spike in April 5 when Musk decided to join Twitter’s board with a 9.2% stake. Now, DOGE is losing all the gains and dropping....