Top 5 cryptocurrencies to watch this week: BTC, ETC, LUNA, KLAY, AXS
Bitcoin bulls are looking for BTC to rebound off a support zone and if confirmed, ETC, LUNA, KLAY and AXS could push higher. Bitcoin (BTC) is facing a stiff challenge from the bears near the $48,000 mark. As Cointelegraph reported earlier, the buy and sell levels show that sellers on Binance have held their ground at $48,000.PlanB, the creator of the stock-to-flow Bitcoin price model, said if Bitcoin manages to close August above $47,000, the year-end "worst-case scenario" target price of $135,000 may come into play.Despite the slight downturn, the institutional adoption of Bitcoin....
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KLAY’s price shows strength as the price holds strong above the key support zone to avoid price retesting lower point on the daily chart. KLAY rejected to trend higher above $0.3 as the price faced a sharp rejection to a region of key Support of $0.2. The price of KLAY continues to hold strong above the 50 Exponential Moving Average (EMA) as the price aims to rally toward $0.4. Klaytn (KLAY) has maintained its strong price trend as it approaches the $0.3 region, where it was previously rejected. With few exceptions, the crypto market has seen little volatility in recent weeks, with....
Klaytn bulls ignored a deadly moving average crossover after assessing KLAY's upcoming listing on Binance. Bids for Klaytn's native cryptocurrency KLAY spiked on Thursday after the South Korea-based public blockchain project confirmed its listing on Binance, one of the world's top cryptocurrency exchanges by volume.#Binance Will List @klaytn_official $KLAYhttps://t.co/41yyLvHS0I— Binance (@binance) June 24, 2021 The KLAY/USDT exchange rate surged 41.25% to an intraday high of $1.243. The pair's massive move uphill accompanied a dramatic intraday spike in trade volumes — 28.68 million....
Bitcoin appears to be preparing for a move toward $60,000, while KLAY, VET, SOL and KSM are attempting to find bullish momentum. In trading, selling a position is as important as buying it at the right time. Therefore, the big question that could be troubling traders is whether or not Bitcoin (BTC) price will enter a bearish phase or will the bull run continue after this week's pullback.PlanB, the creator of the popular Bitcoin stock-to-flow model, recently tweeted that the crypto bull run has only started and is “nowhere near the end of it.” PlanB is not the only voice that is hugely....
BTC continues to lose ground, but if the $40,000 level is reclaimed, LEO, MANA, KLAY and XTZ could be the first to recover. Russia’s massive build-up of soldiers, warplanes, equipment and extended military drills near Ukraine’s borders increased fears of a possible invasion within the next few days. That could have renewed selling in Bitcoin (BTC), which plummeted below the strong support at $39,600.Among the gloom and doom, there is a ray of hope for crypto investors because data from Glassnode shows that more than 60% of Bitcoin supply has not been used in any transaction for more than a....
Klaytn, the open-source metaverse-focused crypto, has boasted impressive gains in the last week. Just seven days back, the crypto was trading at $0.21. It also stumbled quite a bit during the week before picking momentum on Wednesday. Since then, the token has only fluctuated upward, recording an impressive gain of 30.80%. Klaytn recent pump has several catalysts, with the recent overall crypto market uptick being a major factor. The Klaytn team also made several bullish moves during the week, like its block reward cut proposal and token buybacks. Related Reading: On-Chain Data Suggests....