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As we have seen, Layer-1 blockchains serve as the network’s core foundation that provides the infrastructure for all applications and protocols developed on top of its network. They are solely responsible for maintaining the distributed ledger, validating transactions, and protecting the network from threats. In our exploration of layer-1 blockchains it can be extremely beneficial to understand the many use cases they provide, especially in our investing endeavors. Let's look at the most signifi
Ethereum found support on the yellow 21 EMA line about six weeks ago and recently faced resistance near the red R1 line at $4.1k.
Our momentum is still looking strong, with the Stochastic RSI showing a bullish cross above the 20 level. We are watching to see if Ethereum can hold support above the green S1 line at $3.5k.
It is also good news that the 21 EMA is continuing to rise, which supports our uptrend.
Looking at the market structure, Ethereum has been forming a large parallel channel
Bitcoin found strong support on the 21 EMA, which is that yellow line around $56.5k about six weeks ago. Since then, it has been on a rally but recently hit some resistance near the red R1 line at $71.8k.
The momentum is still looking good for us, with the Stochastic RSI indicating bullish momentum pushing upwards. However, we can see that our blue line has slowed down a bit. We can expect BTC to face some resistance between $71.8k and $73.5k, which will challenge our previous highs.
On January 15th of this year, TAO had a beautiful breakout out of the bull flag printing four bullish candles and making 380% gains in 8 weeks. Since then, TAO has had a significant retracement of about 58% and is currently struggling to hold current support (S1). Although it was looking to perhaps break out of its current bull flag pattern and move back up, it hasn’t yet. In fact, there is a good possibility that it could break below the current support level and move towards the next support l
Since October 23, 2023, when it printed a significant green candle, RNDR has seen some nice bullish momentum, topping out at $13.53 on March 11, 2024. Since then, it has seen a nice 45% correction and is now trading in the range between support (S1) and resistance (R1). It also just recently (last week) broke through the support level which is now acting as resistance (R1). The question is will RNDR be able to regain momentum and break through current resistance towards all-time highs or is it l
Donald Trump says "I will ensure that the future of crypto and #Bitcoin will be made in the USA…I will support the right to self-custody to the nation's 50 million crypto holders."
Binance, Kucoin, Houbi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitflinex wont be available in Apple app store and soon will be banned from google app store.