Bitcoin Stalls At $77K As Major On-Chain Resistance Kicks In – Details
Bitcoin prices are consolidating around the $77,000 mark, following a net 2.12% in the last week. The maiden cryptocurrency has registered significant positive traction in April, rising from around $67,000 to its current price level in the last three weeks. However, on-chain data indicates Bitcoin is yet to encounter the major resistance levels that could mark a change in market direction. Related Reading: The Ethereum Golden Triangle That Has Predicted Every Move Shows Where Price Is Headed Realized Price Bands Signal Heavy Resistance Ahead In an X post on April 25, Axel Adler Jr shares....
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Bitcoin started an upside correction above $19,000 against the US Dollar. BTC is now struggling to clear the $19,400 and $19,500 resistance levels. Bitcoin traded as low as $18,550 and started an upside correction. The price is now trading below the $19,500 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $19,310 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another drop unless there is a clear move above the $19,500 resistance. Bitcoin Price Faces Resistance Bitcoin price started a....
According to reports on social media, crypto forums, onchain metrics, and the Solana Status Twitter account indicate that Solana’s blockchain has stalled. Solana mainnet-beta suffered a four-hour downtime and is still down after a technical glitch. ** Editor’s Note: At 3:30 p.m. (EST) on Sept. 14, 2021, this post was updated with a statement written by the Solana Status Twitter account. At the time of update, Solana’s issues still persist and the community is preparing a fix. Solana’s Network Stalls In recent times, solana (SOL) joined the top ten crypto assets....
Chainlink is currently attempting to confirm $10.00 as a support level as it faces inflows of selling pressure that jeopardize its near-term outlook. Despite the present weakness it is facing, a confirmation of this level as support would be incredibly bullish, as it would mark a mid-term support-resistance flip that potentially kicks off the next […]
Following Tuesday’s price surge, bitcoin was trading lower during today’s session, as markets hit a key resistance point. This comes as ETH was once again trading below the $3,000 level. As of writing, the crypto market cap is down 1.87%. Bitcoin BTC bulls ran into a stumbling block on Wednesday, as traders appeared to once again short the world’s largest cryptocurrency. Following a high of $44,793.60 yesterday, BTC/USD hit an intraday low of $43,307.96 earlier in today’s session. BTC is down 2.42% on the day, as of writing, and is currently trading at....
XRP price started a decent increase above $1.420. The price is now correcting gains and might aim for more gains if it stays above the $1.40 zone. XRP price started a fresh increase above the $1.420 zone. The price is now trading above $1.40 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $1.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.450. XRP Price Corrects Gains XRP price started a major upward move above $1.40 and $1.420, like Bitcoin and....