MATIC price forms rising wedge, threatening steep correction to $1
MATIC price hinted that a significant rejection of the rising wedge might be developing. As a result, MATIC was handily outperforming the broader market but could not maintain those gains and instead returned inside the rising wedge. Final support zone ahead to dictate the direction of the next trend.
SafeMoon price to print new all-time low as it struggles to stay afloat
SafeMoon price action remains one of the biggest disappointments of 2021. The chart, despite the fundamentals, appears more like a pump-and-dump scheme as opposed to a project worth an investment in. If price action is evidence of investor sentiment, SafeMoon represents a near-zero positive outlook.
Decentraland continues downtrend as MANA faces a 30% drop
Decentraland price has struggled over the past two weeks to generate any momentum above the daily Tenkan-Sen. Little response by buyers has allowed the bears to continue with persistent selling pressure. Decentraland price action, like many cryptocurrencies, is up against one of its last support structures before facing a steep drop.
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Crypto Today: Bitcoin, Ethereum, XRP gain slightly on Monday, traders prepare for US macro release this week
Bitcoin hovers around the $63,000 level on Monday, almost flat in the day. Ethereum ranges around the psychologically important $2,500 level as creator Vitalik Buterin pledges 100 Ether to support Tornado Cash developer.
Is “Uptober” here for Bitcoin?
Bitcoin stabilizes at around $63,000 on Monday. US spot Bitcoin ETF experienced outflows week-on-week. NYDIG report highlights that Bitcoin remains the best-performing asset this year, with a 49.2% year-to-date gain.
Why Bitget’s exchange token slumped 50% on Monday, what to expect from BGB
Bitget’s exchange platform token BGB suddenly erased 50% of its value on Monday, slipped to a low of $0.5344. The reason behind the slump is currently unknown; the OKX exchange token was in a similar situation in January 2024.
Is Dogecoin ready for a rally?
Dogecoin price finds support around the descending trendline breakout level, eyeing a rally ahead. DOGE’s daily active addresses spiked to the highest level since early April.
Bitcoin: Is BTC sell-off over?
Bitcoin price declined over 6% this week until Friday as the escalation of the conflict between Iran and Israel added fuel to this sell-off. The decline was also supported by falling institutional demand for ETFs. BTC bulls seem to be holding strong at a critical support level.
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