ビットコインは上昇傾向にあり、最も重要な清算ラインである 72,000 ドルを突破する可能性が高い。スポット レートでは、ビットコインは 5 月の安値から約 25% 上昇しており、上昇して史上最高値の 73,800 ドルを突破する可能性もあります。

価格が史上最高値に近づいているにもかかわらず、ビットコインに対する小売業の関心は低下している

ビットコインが印象的な高値を記録する中、「バリュー投資家」であり、仮想通貨の活発なコメンテーターでもあるマイク・アルフレッド氏は、驚くべき乖離を特定した。Googleのオーガニック検索エンジントラフィックが減少しているのだ。2023年第4四半期から2024年1月初旬までの検索の急増を除けば、それ以降の傾向は下降傾向にある。

最近の値動きでは、Shiba Inu が $0.00002379 の主要価格サポートから反発している。これは、クジラの興味深い動きがきっかけだったのかもしれない。オンチェーンデータによると、特定の SHIB トレーディング専門家が SHIB を大量に購入している。初期に Shiba Inu で大儲けしたことで知られるこのトレーダーは、現在、このミームコインの強気相場が迫っている可能性に備えているようだ。

柴犬のクジラが買い漁りに熱狂

柴犬には多くの仮想通貨クジラが生息しており、その売買パターンは他のトレーダーに影響を与える可能性があります。オンチェーン分析会社 Lookonchain が指摘しているように、一部のクジラウォレットは過去 24 時間で SHIB トークンを大量に買い集めています。この蓄積傾向の真っ只中に、成功した SHIB 投資家による特別な購入があります。 Lookonchain によると、この投資家は SHIB を狂ったように購入しており、6 時間足らずで 4,849 ETH (1,844 万ドル相当) を費やして 7,159 億 SHIB トークンを購入しました。

オンチェーン分析会社Santimentは、Shiba Inu（SHIB）とCardano（ADA）が最近クジラの活動が活発なアルトコインの一つであることを明らかにした。

柴犬とカルダノは最近クジラから高い関心を集めている

X の新しい投稿で、Santiment は、最近一部のアルトコインでクジラ取引件数が急増していることについて言及しました。ここでの「クジラ取引件数」とは、暗号通貨ネットワークで発生している 10 万ドル以上の取引件数を追跡する指標を指します。

Asset manager VanEck recently revised its prediction for Ethereum (ETH), revealing what price it believes the second-largest crypto token could reach by 2030. The firm also did well to outline what could drive Ethereum’s price to this revised price. 

Ethereum To Reach $22,000 By 2030

In a recent blog post, VanEck predicted that Ethereum could reach $22,000 by 2030. Before now, the asset manager had predicted that the crypto token would hit $11,800 by 2030. However, VanEck suggested they had become more bullish on ETH in anticipation of the Spot Ethereum ETFs, which could begin trading soon. 

Related Reading

They noted that these Spot Ethereum ETFs have caused them to revise their earlier prediction since these funds will allow financial advisors and institutional investors to hold the crypto token. They believe this category of investors could bring new money into the Ethereum ecosystem, further driving up the crypto token’s price. 

VanEck projects that the Ethereum network will likely continue to enjoy rapid share market growth thanks to interest from traditional investors and Big Tech. They believe this, along with EETH’s dominance among smart contract platforms, could lead to a “create path to $66 billion in free cash flows” for the network. 

They base their projection of ETH’s valuation by 2030 on this, stating that these cash flows will accrue to Ethereum’s native token. A rise to $22,000 represents a return of around 487% from Ethereum’s current price and a compound annual growth rate (CAGR) of 37.8%. Meanwhile, Ethereum reaching $22,000 will give it a market cap of around $2.2 trillion. 

Highlighting Ethereum’s Potential

VanEck sounded very bullish on the Ethereum ecosystem as it claimed that the network could disrupt existing financial businesses and the largest tech companies, including Google and Apple. Given that Ethereum has earned a reputation as the platform for decentralized applications (dApps), they factored in the market size of business sectors that blockchain technology will disrupt while determining ETH’s future valuation. 

Related Reading

The asset manager also highlighted how ETH benefits massively from ETH’s potential since no action can be taken on the network without the native token. Additionally, they noted how 80% of the revenues earned on the network are used to buy back and burn Ethereum tokens in circulation. 

Meanwhile, VanEck believes that ETH is “a revolutionary asset with few parallels in the non-crypto financial world.” They referred to it as “Digita Oil” since it is consumed by those transacting on the Ethereum network. 

The asset manager also called it “Programmable Money” and “Yield Bearing Commodity” because of how automated the Ethereum network is and that validators earn yields on the crypto token when they stake their ETH. Lastly, it was referred to as the “Internet Reserve Currency” since it serves as the “base asset” for all activity and most digital assets with the ETH ecosystem worth over $1 trillion. 

ETH price fails to reach $3,900 | Source: ETHUSDT on Tradingview.com

Source: NewsBTC.com

The post VanEck Revises Ethereum Prediction To Put Price At $22,000, Here’s Why appeared first on Crypto Breaking News.

Ethereum はまだ並列 EVM の補完計画に取り組んでいますが、Bitcoin はまもなく独自の並列 VM レイヤー 2 を期待できます。

まず、Ethereum が並列 EVM を実現できない理由を理解しましょう。

ネットワークの一貫性とセキュリティを維持するために、EVM の設計には、トランザクションが順次実行されるという重要な機能があります。順次実行により、トランザクションとスマート コントラクトが決定論的な順序で実行されるため、ブロックチェーンの状態の管理と予測が容易になります。この設計の選択により、セキュリティが優先され、並列実行に関連する潜在的な複雑さと脆弱性が軽減されます。ただし、トランザクション要求の負荷が高い場合、この順次実行により、単一車線の高速道路と同様に、ネットワークの混雑と遅延が発生する可能性があります。

スタンダード・チャータード銀行のデジタル資産調査責任者、ジェフ・ケンドリック氏は大胆な予測で、ドナルド・トランプ氏が次の米国大統領選挙で勝利した場合、ビットコインは15万ドルまで急騰する可能性があると予測した。「米国選挙が近づくにつれ、トランプ氏が勝利した場合、ビットコインは10万ドルに達し、年末までに15万ドルに達すると予想している」とケンドリック氏は述べた。

速報：スタンダード・チャータード銀行、ドナルド・トランプ氏が大統領選に勝利すればビットコインは15万ドルに達すると予測。pic.twitter.com/4Kaq4P0BRf

— ビットコインマガジン (@BitcoinMagazine) 2024年6月6日

Solana (SOL) has shown remarkable market resilience by holding onto its position above the 100-day Simple Moving Average (SMA) in spite of notable market turbulence. SOL has seen a lot of volatility in the last several months, but it has found firm support at this pivotal moving average, indicating a persistent positive mood.

The ability of Solana to hold above the 100-day SMA shows that buying enthusiasm outweighs any downward pressure, providing a good basis for future upward momentum thereby attracting the attention of traders and investors.

As of the time of writing, SOL’s price was down by -0.56%, trading at about $172. Its market capitalization was over $79 billion, and its 24-hour trading volume was over $1.9 billion. Both market capitalization and the trading volume are down by -24% and -22.39% respectively.

Technical Analysis Of Solana

This analysis was carried out using both the 4-hour and daily timeframe with the help of the 100-day SMA and the Relative Strength Index (RSI) indicators.

Solana is currently moving in a consolidation manner, building up momentum above the 100-day simple moving average in the 4-hour chart. Judging from the price movement, it can be suggested that SOL might move upward.

The 4-hour relative strength index is also actively positive as the RSI line is seen trending above the 50% level. From this RSI formation, it can be suggested that SOL will move down a bit closer to the SMA before making a good move in the upward direction.

SOL on the 1-day chart also looks bullish as it attempts to move upward after rejection at the $160 support level. Thus at this point, It can be suggested that the price of SOL can still potentially move upward.

Finally, we can see that the daily RSI is highly bullish because it rejected a downward move at the 50% level and started to rise again, indicating that the crypto asset is bullish and that the price could make a run for it.

SOL’s Potential Price Movements

As of right now, Solana is moving upward toward the $188 resistance level. If SOL’s price breaks this level, it will continue to move upward to test the $205 resistance level and probably move on to create a new high if it breaks above this $205 level.

However, if it is unable to overcome this resistance level, it will start to decline in the direction of the $160 support level. Should it break below this support level it will continue to move down to test the $140 support level. Furthermore, SOL may witness a deeper correction to test the $118 support level on the chart if it breaks the above support level.

SOL trading at $172 on the 1D chart | Source: SOLUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Source: NewsBTC.com

The post Solana (SOL) Maintains Bullish Trajectory Above 100-Day SMA, Rally Looms? appeared first on Crypto Breaking News.

こんにちは、コピー者、フォロワー、エトリアンの皆さん！

これは私の投資ポートフォリオの月次更新です:

2024年5月: +10.57%

年初来: +25.61%

2023年: +11.34%

リスクスコアは6

現在、13人が私のトレードをコピーしています

5月、私のポートフォリオは2桁のプラスのパフォーマンスで月を終え、それぞれわずか4.80%と6.88%上昇したS&P 500やNasdaq 100などの米国の主要株価指数を上回りました。

株式、商品、暗号通貨が大幅に上昇し、非常に強気な月となりました。

ロビンフッドは、大手ビットコイン・仮想通貨取引所ビットスタンプを現金2億ドルで買収することに合意した。これにより、同社のビットコイン・仮想通貨事業は大幅に拡大することになる。この取引は2025年上半期に完了する予定だ。

速報：ロビンフッドがビットコインと暗号通貨取引所ビットスタンプを2億ドルで買収。pic.twitter.com/Q9LfBDw3Di

— ビットコインマガジン (@BitcoinMagazine) 2024年6月6日

2011年に設立されたBitstampは、世界で最も古く、最も確立された暗号通貨取引所の1つです。ヨーロッパ、アジア、米国で事業を展開しており、世界中で50を超えるライセンスを保有しています。今回の買収により、Bitstampの機関投資家および個人投資家の顧客がRobinhoodの傘下に入ることになります。

暗号通貨マイニング業界に変化の風が吹き荒れている。2024年4月にブロック報酬が半分になるという、大いに期待されていた半減期イベントは、エコシステムに衝撃を与えた。半減期以来、マイナーの1日あたりの収益は70%以上も急落し、マイナーは利益を確保するための新たな手段を急いで模索せざるを得なくなった。

関連資料

人工知能 (AI) の登場です。OpenAI の ChatGPT などのプロジェクトの成功に支えられ、AI コンピューティングの需要が急増しています。これにビットコイン マイニングに比べて利益率が高くなる可能性があることが加わり、AI はマイナーにとってますます魅力的な選択肢になっています。

XRP 支持派の弁護士ビル・モーガン氏の声明によると、暗号通貨市場全体の動向とは対照的に、XRP は依然として大きな課題に直面している。ビットコイン (BTC) や上位 100 の暗号通貨の 88% と比較して、この暗号通貨資産の価値が落ち込んでいるにもかかわらず、モーガン氏はこの資産に対して強気の見通しを維持している。

X の投稿で、モーガン氏は XRP が直面した苦難、特に過去 1 年間の苦難について概説しました。この期間は法的明確化をもたらし、XRP に対する投資家の信頼を高めると期待されていた期間でした。モーガン氏は、「先月、XRP 価格は BTC 価格に対する着実な下落から転じたと語る人もいました。しかし、転じておらず、過去 6 か月間の下落率はほぼ -84% です」と述べています。

Over the last four years, President Joe Biden has demonstrated a clear reluctance to support the Bitcoin and cryptocurrency industry, as recently evidenced by his veto of significant legislation and the broader stance of his administration. On May 31, Biden vetoed a pivotal bill that would have allowed highly trusted financial institutions to custody Bitcoin and other cryptocurrencies.

BREAKING: President Biden vetoes bill that would allow highly regulated financial firms to custody #Bitcoin and crypto. pic.twitter.com/TMHavdWRx7

— Bitcoin Magazine (@BitcoinMagazine) May 31, 2024

The legislation in question had garnered bipartisan support in both the House and Senate. It aimed to provide a regulatory framework that would enable banks and other financial entities to securely hold digital assets, thereby further integrating Bitcoin into the mainstream financial system. Proponents of the bill argued that such a framework would enhance security of spot Bitcoin ETF funds by distributing the honeypot of coins currently held by only a couple institutions, promote innovation, and help facilitate the growth of the Bitcoin industry. However, Biden’s veto reflects his administration’s lack of support for the industry, where the President previously compared crypto traders to “wealthy tax evaders”.

The Biden Administration also published a report attacking Bitcoin and Proof of Work mining, promoting a Central Bank Digital Currency (CBDC) instead, stating “A U.S. CBDC would have the potential to offer significant benefits”. Biden wanting to embrace a CBDC, which would allow the Federal government to have complete control over their citizens finances, further shows his true colors and reasoning for not supporting Bitcoin.

Recently, Joe Biden’s Department of Justice arrested the founders of popular privacy focused Bitcoin mixing service, Samourai Wallet, and charged them with money laundering. U.S. Senator Cynthia Lummis defended the Samourai founders, stating that “this stance contradicts existing Treasury guidance, common sense, and violates the rule of law.” Renowned whistleblower Edward Snowden also commented on the arrest:

NEW: Edward Snowden on the U.S. Department of Justice arresting #Bitcoin mixing service Samourai Wallet founders and CEO pic.twitter.com/qmigHJzmZU

— Bitcoin Magazine (@BitcoinMagazine) April 24, 2024

In addition, the Democratic Party in general has also shown a reluctance to support pro-Bitcoin legislation. Key figures like Senator Elizabeth Warren have been particularly vocal in their opposition to the crypto industry. Warren has often criticized cryptocurrencies for their environmental impact and regulatory challenges, and infamously stated that she is “building an anti-crypto army” to address what she perceives as the industry’s threats to financial stability and consumer protection.

In stark contrast, former President Donald Trump has recently embraced Bitcoin and cryptocurrencies. On June 1, 2024, Trump announced that his campaign would accept Bitcoin payments through the Lightning Network, facilitated by OpenNode, a Bitcoin and Lightning Network infrastructure provider. Trump has recently said that he “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 nations 50 million crypto holders”. Trump has also recently stated that he is “very positive and open minded to crypto companies,” and that “Our country must be the leader in the field. There is no second place.”

Despite the Democrats’ stance, the Bitcoin industry is becoming an increasingly influential force in U.S. politics. Recent polls indicate that crypto voters are largely nonpartisan, with no significant leaning towards either the Republican or Democratic parties. This demographic represents a substantial and growing portion of the electorate, with over 50 million Bitcoin and crypto holders in the United States. As the 2024 Presidential election approaches, Bitcoin policy is emerging as a critical issue for candidates to address.

The evolving stance of political leaders on Bitcoin and cryptocurrencies underscores the growing importance of these assets in shaping economic and regulatory policies. For Biden, his reluctance to embrace Bitcoin is alienating a significant segment of the voter base. Crypto advocates argue that clear regulatory frameworks and mainstream acceptance of Bitcoin would drive economic growth, foster innovation, and enhance financial inclusion. However, the Biden administration’s focus remains on preventing that from happening.

The rise of Bitcoin has introduced new dynamics into the political landscape. While Bitcoin operates in a nonpartisan manner, appealing to individuals across the political spectrum, this does not mean all politicians will embrace it. Joe Biden and the Democrats are turning a non-partisan technology into a partisan issue. 

In conclusion, the Biden administration and majority of Democrats favor a CBDC over a decentralized cryptocurrency like Bitcoin. A CBDC aligns more with Biden and the Democrats than Bitcoin, as Bitcoin is less appealing to them because it does not help them achieve their aspiring authoritarian goals.

As the 2024 Presidential election looms, the role of Bitcoin policy in shaping voter preferences and political strategies is becoming increasingly evident. With over 50 million Bitcoin and crypto holders in the United States, the decisions of political leaders on digital assets will likely play a pivotal role in the upcoming election, reflecting the growing significance of Bitcoin in the broader economic and political landscape.

Source: Bitcoin Magazine

The post Why Joe Biden Hates Bitcoin appeared first on Crypto Breaking News.

ビットコインの急騰の可能性の噂が広まる中、アルトコインは暗号通貨ウォッチャーの間で大きな話題を呼んでいる。数週間の取引低迷の後、最近の資金の急増によりコインの王様は復活した。これにより、差し迫った疑問が浮かび上がる。アルトコインはこの波に乗るのか、それとも取り残される運命なのか？

関連資料

ビットコイン大当たりの噂

Farside Investors のデータから、投資家心理の大きな変化が明らかになった。6 月 4 日には、ビットコイン上場投資信託 (ETF) に約 8 億 9,000 万ドルが流入しており、これは関心が再燃していることの明らかな兆候である。この購入急増は触媒として機能し、投機の波を引き起こし、ビットコインの価格を押し上げる可能性がある。

Renowned personal finance author Robert Kiyosaki has predicted Bitcoin will reach $350,000 by August 25, 2024. The Rich Dad, Poor Dad writer has long been a Bitcoin bull, touting Bitcoin as hard money alternatives.

NEW: Rich Dad, Poor Dad author predicts #Bitcoin will reach $350,000 by August 2024.

Are you prepared? pic.twitter.com/6Isr7UZUVT

— Bitcoin Magazine (@BitcoinMagazine) June 6, 2024

In a recent X post, Kiyosaki projected Bitcoin to hit $350,000 based on his lack of faith in U.S. leadership. He labelled President Biden, Treasury Secretary Janet Yellen, and Fed Chair Jerome Powell as “the 3 Stooges in real life” and said he was confident in their incompetence.

Kiyosaki advised buying more Bitcoin to protect against poor economic stewardship. He has frequently criticized the U.S. government’s stimulus spending and money-printing policies under Biden.

While a long-term Bitcoin believer, Kiyosaki’s $350,000 target within two months is an extremely bullish projection. For bitcoin to reach that price by August, it would need to surge over 380% from current levels near $71,000.

Still, the author sees potential for explosive Bitcoin growth ahead, calling his prediction “not a lie.” Kiyosaki endorsed Ark Invest’s $2.3 million long-term Bitcoin price forecast earlier this year.

The bold projection follows surging inflows into U.S. spot Bitcoin ETFs, which saw their second-highest daily haul ever on Tuesday at over $880 million. 

Improving mainstream acceptance has buoyed Kiyosaki’s outlook. With major financial centres like Australia, the U.K., and the U.S. embracing spot bitcoin ETFs, confidence is rising. 

While $350,000 by August appears overly optimistic, the author advocates Bitcoin’s potential as a hedge against what he views as unsound government policies. Kiyosaki urges investors to continue accumulating positions in Bitcoin.

Source: Bitcoin Magazine

The post Rich Dad, Poor Dad Author Predicts Bitcoin to Hit $350,000 appeared first on Crypto Breaking News.

The US spot Bitcoin Exchange-Traded Funds (ETFs) have been witnessing a historic run of inflows, marking 17 consecutive days of net additions. On a particularly notable Tuesday, these ETFs observed inflows totaling a staggering $886.6 million, ranking it as the second-highest single-day influx since their introduction.

This was followed by another significant day of inflows yesterday, amounting to $488.1 million, with notable contributions from major financial players like Fidelity ($220.6 million), Blackrock ($155.1 million), and Ark ($71.4 million). Despite these hefty capital injections, the price of Bitcoin has demonstrated a relatively subdued response, inching from $68,000 to $71,000 since the beginning of the week.

The muted price movement in the face of substantial ETF inflows has puzzled many market participants and analysts. Typically, such inflows are expected to exert a stronger upward pressure on Bitcoin prices. However, the observed price dynamics suggest that other counteracting factors might be at play.

Why Is The Bitcoin Price Not Going Higher?

Crypto trading analytics platform The Kingfisher offered an explanation via a post on X, suggesting that a carry trade strategy might be influencing the price dynamics. According to their analysis, “The BTC ETF inflows didn’t affect the price as much as you hoped it would? It might be due to a carry trade being loaded up. Short Futures + Buy Spot/ETF.”

Related Reading

A carry trade in this context involves shorting Bitcoin futures while simultaneously buying spot Bitcoin or Bitcoin ETF shares. This strategy can hedge against potential price volatility and exploit discrepancies between futures prices and spot prices.

JJ the Janitor (@JLabsJanitor) further elaborated on the strategy’s mechanics. He drew parallels with behaviors visualized on the PANDA Terminal charts, explaining, “When big boys want BTC spot filled they sell futures contracts to bring price into bids. When they’re filled + ready to let it rip they close those shorts, hence the inverse correlation on True Open Interest (OI).”

His remarks hint at strategic market manipulations that, while legal, blur the lines between savvy investment tactics and potential ethical concerns. His follow-up tweet, “Market manipulation or savvy investment strategy….what’s the difference?” challenges the narrative by questioning the ethical implications of such strategies.

Related Reading

The discussion prompted further scrutiny from the crypto community. X user Sahra critiqued the practical implementation of the carry trade, noting, “Carry trade should suppress funding rates naturally. Long spot pressure against the perpetual should in theory cause perpetual rates to drop (all else being equal) as perpetual would begin to lag spot. Everything else makes sense, but these rates are far too low to justify a carry IMO.”

This comment points to the complexities of carry trades, where expected outcomes like suppressed funding rates are not aligning with market observations, suggesting that other forces might be influencing the market.

The Kingfisher responded to Sahra’s skepticism, acknowledging the anomaly: “That’s right, the funding remains fairly positive though. This suggests that while a carry trade could be in play, it’s not the dominant force in the market. Other factors, like bullish sentiment or other buying pressures, might be offsetting the expected downward pressure on funding rates from the carry trade.”

At press time, BTC traded at $70,803.

Bitcoin price stalls at $71,000, 1-day chart | Source: BTCUSD on TradingView.com

Featured image created with DALL·E, chart from TradingView.com

Source: NewsBTC.com

The post Is The Bitcoin Price Manipulated? Experts Explain ‘Small’ Impact Of ETF Inflows appeared first on Crypto Breaking News.

Avalanche (AVAX), the token powering the smart contracts platform Avalanche, is stirring excitement in the crypto sphere. Bullish technical indicators and upcoming developments within the Avalanche ecosystem are fueling speculation of a significant price surge, with some analysts eyeing a potential rally above $100.

Related Reading

Technicals Flash Green: A Bounce In Sight?

Technical analysis based on historical data and chart patterns paints a promising picture for AVAX. Analysts point to a recent corrective phase that the token appears to have overcome, potentially setting the stage for a new uptrend. Charts on trading platforms like Binance depict a support zone between $9.45 and $10.00, suggesting a strong base from which the price could bounce higher.

$AVAX looking for 100+ pic.twitter.com/GUXx2EeB5e

— ᴀʟᴛꜱᴛʀᴇᴇᴛ ʙᴇᴛꜱ (@AltstreetBet) June 5, 2024

Avalanche ICO Season On The Horizon?

Beyond technical indicators, the buzz surrounding Avalanche stems from exciting developments brewing within its ecosystem. The project’s developers are gearing up to launch Layer 1 blockchains (L1s) that inherit Avalanche’s secure and scalable consensus mechanism.

This innovation could significantly simplify the process of launching new blockchains, similar to how ERC-20 tokens are built on top of the Ethereum network. Furthermore, Avalanche’s CEO, Emin Gun Sirer, recently teased a novel concept – Initial Chain Offerings (ICOs). Unlike the traditional Initial Coin Offering (ICO) model where individual tokens are sold, ICOs would involve offering entirely new blockchains to investors.

This paves the way for a potential “Avalanche ICO season,” mirroring the ICO boom witnessed in the early days of cryptocurrencies. Market observers believe this could attract a surge of interest and investment into the Avalanche ecosystem, potentially boosting the price of AVAX.

AVAX market cap currently at $14.2 billion. Chart: TradingView.com

Key Resistance Levels To Watch

Moving on to the price targets, analysts have identified key resistance levels at $50 and $60. Overcoming these hurdles could propel AVAX towards its ambitious long-term target of $100. However, the confluence of bullish technical indicators and groundbreaking developments within the Avalanche ecosystem is undeniable.

Related Reading

AVAX Price Forecast

Meanwhile, according to the latest analysis, the price of AVAX is expected to surge by an impressive 227%, potentially reaching $119 by July 5, 2024. The current market sentiment, as indicated by technical indicators from CoinCodex, is Neutral.

Source: CoinCodex

This is in sync with the Fear & Greed Index, which stands at 75, indicating a prevailing sentiment of Greed among investors. Over the past 30 days, Avalanche has experienced 11 green days, constituting 37% of the period, with a price volatility rate of 5.59%. These factors suggest a relatively stable yet bullish outlook for AVAX in the near term.

The high Fear & Greed Index indicates strong buying interest, which could drive prices higher. Despite the neutral sentiment, the significant projected price increase reflects positive market dynamics and investor confidence in Avalanche.

Featured image from LinkedIn, chart from TradingView

Source: NewsBTC.com

The post AVAX Primed To Break $100 Barrier As Bullish Signs Emerge appeared first on Crypto Breaking News.

Dogecoin is moving higher above the $0.160 resistance zone against the US Dollar. DOGE is holding gains and might aim for a move above $0.1650.

DOGE price is moving higher above the $0.160 resistance zone.

The price is trading above the $0.160 level and the 100-hourly simple moving average.

There is a key bullish trend line forming with support near $0.160 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price must settle above $0.1650 to gain bullish momentum and continue higher.

Dogecoin Price Holds Support

In the past few sessions, Dogecoin price started a steady increase above the $0.1500 zone, like Bitcoin and Ethereum. DOGE bulls were able to push the price above the $0.160 resistance zone.

The recent swing high was formed at $0.1646 before the price started a downside correction There was a drop below the $0.1620 support zone. The price spiked below the 23.6% Fib retracement level of the upward move from the $0.1571 swing low to the $0.1646 high.

Dogecoin is now trading above the $0.160 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $0.160 on the hourly chart of the DOGE/USD pair.

Source: DOGEUSD on TradingView.com

On the upside, the price is facing resistance near the $0.1640 level. The next major resistance is near the $0.1650 level. A close above the $0.1650 resistance might send the price toward the $0.1720 resistance. Any more gains might send the price toward the $0.1750 level. The next major stop for the bulls might be $0.1800.

Downside Correction In DOGE?

If DOGE’s price fails to gain pace above the $0.1650 level, it could start another decline. Initial support on the downside is near the $0.160 level and the trend line. It is close to the 50% Fib retracement level of the upward move from the $0.1571 swing low to the $0.1646 high.

The next major support is near the $0.1580 level. If there is a downside break below the $0.1580 support, the price could decline further. In the stated case, the price might decline toward the $0.1520 level.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1620, $0.1600 and $0.1580.

Major Resistance Levels – $0.1640, $0.1650, and $0.1720.

Source: NewsBTC.com

The post Dogecoin Holds Strong Support: DOGE Primed for a Major Move Higher! appeared first on Crypto Breaking News.

XRP price is slowly moving higher above the $0.5200 zone. It is now facing hurdles near $0.5320 and might correct lower in the near term.

XRP is attempting a fresh increase above the $0.5250 zone.

The price is now trading above $0.5220 and the 100-hourly Simple Moving Average.

There was a break below a key bullish trend line with support at $0.5260 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair could correct lower toward the $0.5220 support before the bulls appear again.

XRP Price Gains Traction

XRP price remained well-supported above the $0.5120 zone and extended its increase like Bitcoin and Ethereum. The price was able to clear the $0.5200 and $0.5250 levels.

There was a clear move above the $0.5300 resistance and the price tested the $0.5320 zone. A high was formed at $0.5325 and the price is now correcting gains. It traded below the 23.6% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5325 high.

There was also a break below a key bullish trend line with support at $0.5260 on the hourly chart of the XRP/USD pair. The pair is now trading above $0.5220 and the 100-hourly Simple Moving Average.

On the upside, the price is facing resistance near the $0.5200 level. The first key resistance is near $0.5320. The next major resistance is near the $0.5350 level. A close above the $0.5350 resistance zone could send the price higher. The next key resistance is near $0.550.

Source: XRPUSD on TradingView.com

If there is a close above the $0.550 resistance level, there could be a steady increase toward the $0.5560 resistance. Any more gains might send the price toward the $0.5650 resistance.

More Losses?

If XRP fails to clear the $0.5350 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5260 level.

The next major support is at $0.5200 or the 50% Fib retracement level of the upward move from the $0.5080 swing low to the $0.5325 high. If there is a downside break and a close below the $0.520 level, the price might accelerate lower. In the stated case, the price could decline and retest the $0.5120 support in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $0.5260 and $0.5220.

Major Resistance Levels – $0.5300 and $0.5320.

Source: NewsBTC.com

The post XRP Price Faces Hurdles: Will It Overcome the Obstacles? appeared first on Crypto Breaking News.

Ethereum price is slowly moving higher above the $3,800 resistance zone. ETH could gain bullish momentum if it clears the $3,880 and $3,920 resistance levels.

Ethereum is holding gains above the $3,800 level.

The price is trading above $3,840 and the 100-hourly Simple Moving Average.

There is a key bullish trend line forming with support near $3,840 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could start a fresh increase unless there is a close below the $3,800 support.

Ethereum Price Eyes More Upsides

Ethereum price remained stable above the $3,760 support zone. ETH formed a base and started another increase above the $3,800 level like Bitcoin.

There was a move above the $3,820 level and $3,840. The price tested the $3,880 resistance zone. A high was formed at $3,884 and the price is now consolidating gains in a range. It already tested the 23.6% Fib retracement level of the upward move from the $3,729 swing low to the $3,884 high.

Ethereum is now trading above $3,800 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $3,840 on the hourly chart of ETH/USD.

If there is another increase, ETH might face resistance near the $3,880 level. The first major resistance is near the $3,920 level. An upside break above the $3,920 resistance might send the price higher. The next key resistance sits at $4,000, above which the price might gain traction and rise toward the $4,080 level.

Source: ETHUSD on TradingView.com

If the bulls push Ether above the $4,080 level, the price might rise and test the $4,200 resistance. Any more gains could send Ether toward the $4,320 resistance zone.

Are Dips Supported In ETH?

If Ethereum fails to clear the $3,880 resistance, it could start a downside correction. Initial support on the downside is near $3,840 and the trend line.

The next major support is near the $3,800 zone and the 50% Fib retracement level of the upward move from the $3,729 swing low to the $3,884 high. A clear move below the $3,800 support might push the price toward $3,720. Any more losses might send the price toward the $3,650 level in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,800

Major Resistance Level – $3,880

Source: NewsBTC.com

The post Ethereum Price Indicators Flash Green: More Upsides Ahead? appeared first on Crypto Breaking News.