The UK FCA will limit crypto ads to wealthy investors only and also wants to ban incentives like refer friends and new joiner rewards so let’s read further in our latest crypto news. The UK FCA will limit crypto ads in its new plans to tighten restrictions on advertising after the government gave it the […]

The year 2022 started with high hopes for DOGE as it witnessed another boom in the second week of January 2022. This was because the [...]

Key Takeaways Fantom is an Ethereum-compatible Layer 1 chain with over $8 billion locked in its DeFi protocols. It hosts a thriving DeFi ecosystem, including...

Reading Time: 4 minutes I came into the cryptocurrencies looking for additional products to hedge against inflation and economic decline.   What I found …was a minefield.   I appreciated the ideology behind Bitcoin, and I realised volatility was a significant issue. I also understood how the blockchain worked with miners, proof of stake, […]

Continue reading at Coinspeaker

Mike McGlone, senior commodity strategist at Bloomberg, is convinced that Bitcoin’s transition to digital gold will propel it to new all-time highs in 2022.

The post Crypto Market To Plunge Harder In Coming Days? Bitcoin Price (BTC) to Bottom Out at $38k appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

On Wednesday, cryptocurrency prices fell as the overall market fell by more than 2%, bringing the total market capitalization below $2 trillion. According to CoinMarketCap, the global crypto market is now worth roughly $1.95 trillion, after peaking at close to $3 trillion in mid-November. This drop comes as US Treasury yields reached two-year highs, causing …

The post Is This The Reason Why Metaverse And NFTs Have Been Failing In Uplifting The Crypto Market? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The cryptosphere has been missing its flight to the stratosphere, as the business has been grounded from euphoric flights. In the midst of the burdening market cycle, which has slashed the valuation of the market by a trillion. Consecutively, the industry’s market cap has lost its threshold at $2.0 Trillion again. And is presently at …

Shar Pei token is set to replace Shiba, Doge and any other meme coin in the crypto space as its launch has pulled in much traction and rewards for investors. $SHARPEI was launched a few weeks ago and since then, it has seen an upward trend of 20,000% plus with a market capitalization of 8,000,000 […]

Over the years, cryptocurrency has been in the headlines of popular online magazines such as Forbes, Times, Yahoo Finance etc. It is indeed becoming...

THETA coin price action shows recovery signs at the $3.8 support with the double bottom pattern formation, is this the end of the correction phase? Theta, a blockchain-powered network, is designed specifically to stream video. Theta’s main net functions as a decentralized network in which users can share bandwidth and computing resources on a peer-to-peer basis. Theta network has its own unique crypto token THETA, which is used to perform different governance functions in the network. The network is able to count Google, Binance, Sony Europe, and Samsung as Enterprise validators. In addition to the Guardian network that includes a number of community-run guardian nodes. Let us move ahead to read about Theta technical analysis. Past Performance of THETA The 2021 Christmas recovery in THETA coin faced intense selling pressure from the $5.7 resistance. The coin price was rejected from this overhead resistance with an evening star candle and plunged back to $3.8 bottom support. This 30% discount in Theta coin could lure more investors, indicating a high possibility of bullish reversal. THETA/USD Daily Chart THETA Technical Analysis The THETA coin price has been hovering above the $3.8 support for almost two weeks, trying to obtain sufficient buying pressure. The technical chart shows several lower price rejection candles at $3.8, projecting the pressure of strong demand. The recent jump in the coin price is challenging the first defense line of 20-day EMA. However, the overall trend for this coin is bearish as the price is still trading below the (50, 100, and 200) EMA lines in the daily chart.  The RSI indicator at 45% shows the slope is steadily approaching the central line, with the hope of bullish crossover. Moreover, an evident bullish divergence in the RSI chart indicates the increasing strength on buyers’ side. The MACD indicator shows bullish crossover among the MACD and signal lines after the recent spike with the coin price. Moreover, the histogram has started forming rising green bars, projecting the rising bullish momentum. Therefore, the technical indicators reflect a rise in underlying bullishness projecting a possible bullish reversal from the $3.8 support. However, the presence of several resistances along the way might delay this bullish rally. Upcoming Trend The THETA coin price shows its second swing low at the $3.8 support in the two last months. If the price manages to bounce back from this level, the technical chart will reveal the formation of a double bottom pattern. The neckline for this pattern is at the $5.7 mark, and a bullish breakout from this resistance would provide a better confirmation for a bullish rally. The THETA coin price chart suggests the next support levels at $3.8 and $3.47. And, in case of a bullish breakout, the price can find opposition at 20-day EMA and $4.6 horizontal level. At the time of writing, a rise in bearish sentiment is evident by the “SELL” signal of TradingView Technical analysis. Technical Analysis for THETAUSD

The post THETA Technical Analysis: Hidden RSI Divergence Hints the Formation of Double Bottom Pattern appeared first on Cryptoknowmics-Crypto News and Media Platform.

The cryptocurrency market continues to have a disappointing January. At $$2.07 trillion, its total cap has dropped by around 1.7% in the past 24 hours. [...]