Cardano (ADA) Bullish Breakout: Estimating 45% Upside Potential
The price of Cardano (ADA) has recently experienced a bullish breakout, surpassing a short-term descending resistance line. Now, the token is facing a longer-term horizontal resistance that has been holding for almost three months. Looking at the weekly timeframe, Cardano's price has been ...
Should we wait for Solana (SOL) at $140 after a recent rise of 30%
Solana has experienced remarkable growth since October 2023, reaching a high of $126 in December of that year. After a period of decline, SOL has rebounded and is now approaching its 2023 high, just below key long-term levels. However, the weekly Relative Strength Index (RSI) is giving mixed ...
XRP has broken the long-term 440-day trend line. What's next
Ripple's current trading position is below a key resistance level. The price of the Ripple token has been steadily increasing over the past 440 days along an ascending support line. The highest point reached was $0.94 in July 2023.However, the price has been declining since then. In ...
Central Bank of Russia: “In 2023, almost all financial scams involved cryptocurrencies”
A recent report released by the Bank of Russia has revealed a concerning increase in illegal activities and fraud involving cryptocurrencies. According to the report, in 2023, there was a 15% rise in the number of illegal participants in the financial market using cryptocurrenci ...
The Whiskey Exchange will use blockchain to trade rare collectible alcohol
In an innovative move, The Whiskey Exchange Cabinet, a renowned British trading platform, plans to leverage blockchain technology to authenticate and safeguard rare, highly coveted bottles of whiskey. The trading house's representatives have divulged that every collecti ...
Scam Sniffer: Hackers stole $55 million worth of cryptocurrency in a month
According to a recent report by Scam Sniffer analysts, the month of January 2024 saw a staggering rise in phishing attacks, with hackers creating over 11,000 fraudulent resources and successfully absconding with approximately $55 million worth of cryptocurrencies.Intere ...
Ethereum (ETH) rose 10% in February. What about the $3000 barrier?
Ethereum broke through key resistance levels The weekly chart reveals a steady upward trend for Ethereum since June 2022. After forming two rising lows (green icons), the price experienced accelerated growth following each low. In November 2023, the token surpassed a long-term horiz ...
Polygon (MATIC): Will Long-Term Support Hold?
In November 2023Polygon consolidates above support level The weekly chart shows that MATIC has been rising since October 2023. A month later, the price broke through the horizontal resistance area, and in December it reached a new yearly high of $1.09. Although the price has fallen ...
ImmutableX (IMX) hits 2-year high and breaks into top 25
IMX token has experienced a significant rise in price, surpassing $3 in recent trading. This surge in value has been ongoing since October 2023, reaching a high of $2.60 in December of the same year. Following a period of correction, IMX price finally broke through a resistance area la ...
The price of Avalanche (AVAX) has risen to $40: should we expect it to continue?
Avalanche shattered a significant resistance level, indicating a bullish trend reversal. The weekly timeframe reveals that AVAX price has been steadily climbing since the rebound on January 22. This upward movement solidified the critical horizontal area as a support level, which had previous ...