Technical Analysis: LEO up 60% Today, SHIB Falls Lower Following Monday’s Gains
Shiba inu’s (SHIB) 50% rise on Tuesday, seems to have inspired LEO bulls, who moved to push prices up by 61% in today’s session. The move comes as crypto markets consolidated yesterday’s gains. Biggest gainers Monday’s biggest loser, was Tuesday’s biggest gainer, as UNUS SED LEO was up by as much as 61% as of writing. LEO/USD rose to an intraday high of $8.04 during today’s session, after trading at a low of $4.82 to start the week. The move comes following a breakout of the $5.40 resistance level, which was formed last Friday, and in place up....
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Gains in cryptocurrencies slowed down on hump-day, as bitcoin and ethereum prices hit resistance levels. ETH fell below the $3,000 level, with BTC falling below its long-term ceiling of $42,500 during today’s session. Bitcoin The global crypto market cap was 0.69% lower as of writing, as gains in BTC eased on Wednesday, and prices encountered resistance. Following a high of $43,336 during Tuesday’s session, BTC/USD rose to an intraday low of $41,877.51 on Wednesday. This came as BTC was unable to sustain yesterday’s breakout from the $42,500 resistance, as bulls....
Bitcoin was trading lower in today’s session, as it was revealed that Tesla had sold 75% of its holdings in the cryptocurrency. The news comes following the company’s Q2 earnings call, where they confirmed converting the token into fiat currency. Ethereum was also lower on the news.
Bitcoin
Following a recent run of gains, bitcoin (BTC) fell lower in today’s session, after it was revealed that Tesla had sold 75% of its holdings in the token.
Tesla stated that, “As of the end of Q2, we have converted approximately 75% of our Bitcoin....
Following a 12% decline yesterday, shiba inu (SHIB) rose by that same percentage today, as bulls once again boarded the rocket ship. This comes as prices of FLOW were also higher during the session.
Biggest gainers
Price movement in SHIB continues to be volatile, with the meme coin rising by as much as 60% in the last week.
However, it was FLOW that secured the title bull of the day, as it rose by as much as 20% in today’s session.
FLOW/USD, which was trading at a low of $7.01 on Tuesday, climbed to an intraday high of $8.52 earlier today.
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Ethereum dropped below $1,500 on Friday, as cryptocurrency markets fell following earlier gains in the week. Bitcoin was also in the red in today’s session, as the token moved closer to a breakout below $20,000. Overall, the global crypto market cap is down 1.90% as of writing. Bitcoin Bitcoin (BTC) fell lower for a second consecutive day on Friday, as bullish sentiment continued to fade. Following a peak of $21,022 on Wednesday, BTC/USD dropped in back-to-back sessions, with today’s decline sending the price to a low of $20,086.07. Today’s slip in bitcoin comes as USD....
IOTX was Friday’s big gainer, as crypto markets were lower across the board to end the week. Overall, the global cryptocurrency market cap is down close to 4% in today’s session.
Biggest gainers
Following a strong start to the week, which saw the likes of shiba inu (SHIB), and leo token (LEO) both rally by over 50%, cryptocurrency prices fell as we headed into the weekend.
Although the majority of the top 100 markets were in the red, there were a few notable exceptions to this.
IOTX/USD, which was trading at a low of $0.1029 on Thursday,....