Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptocurrency market in bloodbath as OKEx halts operations
A bearish wave swept through the cryptocurrency market like a tsunami on Friday, leaving most cryptoassets in the red. Bitcoin, as reported, plummeted to $11,200 after losing $300 in a matter of minutes. The unexpected selloff is reflected by the drop in the total market capitalization from $364 billion on Thursday to the current $356 billion. On the other hand, the 24-hour trading volume surged from $78 billion to $85 billion. Read more ...
Uniswap Price Analysis: UNI jumps 18% after OKEx suspends withdrawals
The incredible price action following the communication from OKEx hit a barrier formed by a confluence of the 100 Simple Moving Average (SMA) and 200 SMA. However, a bullish divergence of the Relative Strength Index (RSI) shows that buyers still have the upper hand. If bulls can flip the confluence into support, UNI may resume the uptrend to $3.8. Unfortunately, buying pressure is diminishing. Read More ...
Ethereum Price Prediction: Rejections at key resistance forces ETH to consolidate – Confluence Detector
Between September 2 and September 5, Ethereum dropped from $475.85 to $335. Since then, the smart contract giant went through a consolidation period before finding support at the 100-day SMA and bouncing up from $342 to $389 between October 7 and October 12. Since then, the buyers seemed to have lost steam near the $385 resistance line and has entered another consolidation period. Read more ...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.