Dogecoin soared over 17% few hours after Elon Musk announced payment acceptance of DOGE for Tesla merchandise. Tesla’s store records massive ‘sold out’ on many items. DOGE briefly reclaimed $0.2 resistance hours after Elon’s tweet. Two days ago, the CEO of Tesla, Elon Musk, announced on Twitter that the company has started accepting Dogecoin as a […]

Polkastarted integrated Avalanche after the success it had with CELO in a bid to attain its desired global multi-chain status as we can see more today in our latest blockchain news today. As a part of the efforts to achieve its multi-chain goal, Polkastarted integrated Avalanche. The move to integrate it commenced after the success […]

Ukraine said Sunday it had evidence that Russia was behind a massive cyberattack that knocked out key government websites this past week, as Microsoft warned the hack could be far worse than first thought.

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The crypto market today is stuck in a sideways trade today. BTC is set to hit support at $42K, ETH hovers around $3.3K. In tandem with the market most altcoins trade in losses. However, defying the trend are alts, as they print significant gains. NEAR Price Action Since December 18, NEAR has been rising inside …

Bitcoin bear markets can be brutal. Don’t try to predict the next one — rather, be prepared for it!

Crypto markets have shaken off last week’s terrible slump. BTC and ETH are up, but altcoins are up more.

Overall trend for Syscoin price is strongly bullish right now. SYS provides occasional pullbacks and keeps climbing higher levels. After its recent correction rally to the $0.85 support, the coin aims to rechallenge the $1.32 resistance, hoping to continue this uptrend. Key technical points:  The 20 and 50 EMA line provides strong support to the

The post Syscoin (SYS) Price Analysis: Why SYS Offers Good Buying Opportunity Above $1.32? appeared first on CoinGape.

Bitcoin continues to exude strength despite the price being 38% below its all-time high. This strength is however being attributed to several reasons that experts argue are key recipes in igniting a sustained bull run this winter. Bitcoin Outflows Surge One glaring development has been the abrupt rise in Bitcoin outflows this week. According to […]

The BTC miners can take 20% BTC price hits as the production for the miners sits around $34,000 and together with the fees, the miners don’t have to worry about other support challenges as we can see more today in our latest Bitcoin news today. The bitcoin mining business is much bigger than ever at […]

Bitcoin’s hashrate has been riding high again as the processing power tapped another lifetime high on January 15, 2022, reaching 219.68 exahash per second (EH/s). The new record follows the previous all-time high (ATH) on the first day of the year, when the network’s hashrate tapped 219.5 EH/s. Bitcoin’s Hashrate Hits a Milestone, Analyst Discusses […]

NEAR coin price creates a new all-time high level at $20 but falls due to increased profit booking. Will the bulls regain trend control to reach $23? NEAR Protocol is a layer-1 blockchain that was created as a cloud computing platform run by community members. It removes certain limitations that have plagued other blockchains such as slow transaction speed and interoperability. It provides the perfect environment for DApps and provides an easy-to-use and developer-friendly platform. For example, NEAR uses human-readable account names, as opposed to the cryptocurrency-based wallet addresses used by Ethereum. NEAR is also able to provide innovative solutions to scaling issues and also has its own mechanism for consensus called “Doomslug.” Let us move ahead to read about Near Protocol technical analysis. Past Performance of NEAR The NEAR coin price faces rejection near the all-time high level of $20.38, predicted in our previous article. The coin price shows a growth of 60% in the last five days resulting in multiple bullish engulfing candlesticks. The price jump results in the breakout of multiple resistance levels including $18. Therefore, the current retracement acts as the retest of the $18 breakout. NEAR/USD Daily Chart NEAR Technical Analysis The NEAR coin price forms a bearish candle with a minuscule wick, indicating a solid selling pressure in action. However, the free fall in the coin price can find support at $18 as a previous candle shows lower price rejection from the horizontal level. Crucial EMAs (50, 100, and 200) rise in an ascending alignment reflecting a solid bull run in action. Therefore, retracements to 20-day EMA can provide buy-the-dip opportunities. The RSI indicator at 65% shows a small reversal in the slope as it struggles to rise into the overbought zone. Nonetheless, the slope and the 14-day SMA sustain above the center mark in the daily chart. The MACD indicator shows a gradual rise in the MACD and signal lines in the positive segment in the daily chart. Therefore, the indicator remains bullish for the NEAR coin.  Therefore, the technical analysis indicates a solid bull run with a short correction in action to retest the bullish breakout. Furthermore, the indicators maintain a buy signal for the coin. Upcoming Trend The creation of an all-time new high level at $20 marks a significant bullish milestone for the NEAR coin. That is why a fall due to profit booking is seen. However, the retest of $18 will drive the prices higher to the next pivot level. That is why holders can see the price break above $20 shortly. The price action suggests support levels at $18 and $16 can halt the profit booking induced falling price. And, a bullish reversal can find selling pressure at $20 and $23. At press time, the sentiments chart gives a “BUY” signal for the Near Protocol token.

The post NEAR Technical Analysis: New All-Time High Formation Induces Profit Booking, Should You Keep Holding or Sell? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Turkish citizens are putting their money into bitcoin and tether to protect themselves from the country’s soaring inflation rate.  The fourth quarter of 2021 saw cryptocurrency trade volumes utilizing the Turkish lira reach an average of $1.8 billion, a significant rise over previous quarters. Turkey’s inflation rate increased by 36% in December 2021, reaching a […]

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