The future of NFTs in the fashion industry carries significant potential. This is because the segment is expanding in lock step with the wider NFT market.
In an episode of Cointelegraph’s Crypto Stories, Cheds shared his humble beginnings. According to the technical analyst, he always dreamed about trading stocks since he was a kid.
Technical analyst Cheds has dreamed of being a trader since his childhood. However, the journey he had to take to fulfill his dream wasn’t very straightforward.
The leading crypto’s price could finally flip the resistance level at $26,850 into support. This will then clear a path for it to rise to the next major resistance at $27,450.
The altcoin market leader was worth about $1,814.41 after it experienced a 1.61% price increase over the past 24 hours of trading. As a result, ETH was trading just below its daily high of $1,817.16.
At press time, there was a bullish flag that was about to trigger on AXS’s 4-hour chart, with the 9 EMA line looking to cross bullishly above the 20 EMA line. Should this cross happen within the next 24 hours, the crypto’s price will most likely have the momentum needed to flip the aforementioned $7.11 resistance into support.
One thing to note, however, was that the RSI line on the 4-hour chart was bearishly sloped towards oversold territory. If the RSI line crosses below the RSI SMA, before the end of today’s trading session, it could result in AXS’s price dropping below the recently-flipped level at $6.85.
From a technical perspective, the altcoin’s price was able to break above the resistance level at $6.85 earlier today and flip it into support. During the same 4-hour cycle, AXS attempted to do the same with the next resistance level at $7.11 and was able to reach a high of $7.20, but closed the 4-hour candle back below the mark.
Dogecoin surged by over 100% when Twitter was acquired by Elon Musk. This was likely due to the anticipation that DOGE would be incorporated into Twitter. Additionally, Musk changed the Twitter blue-bird logo to that of Dogecoin. The move caused the price of Dogecoin to surge by over 35% at the time.
Musk’s support for Dogecoin has been credited with helping to drive up the price of the cryptocurrency. His support has also been criticized by some people. Some argue that Musk is using his celebrity status to manipulate the price of cryptocurrency and that he is not a serious investor. Despite the criticism, Musk has continued to support Dogecoin.