Tag: Daily
Bitcoin Price Prediction: BTC/USD Moves Around $43,000
IOG CEO Charles Hoskinson on Which Cardano ($ADA) Goals Are Achievable in 2022
NEAR Technical Analysis: New All-Time High Formation Induces Profit Booking, Should You Keep Holding or Sell?
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.
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Low-Cap Altcoin Soars 372% in One Week After Earning Surprise Support From Crypto Exchange Coinbase
A low-cap altcoin has skyrocketed by more than 372% in the past seven days after receiving full trading support from Coinbase this week. PolySwarm (NCT) is a threat detection and anti-malware project that was listed by Coinbase Pro on Wednesday, alongside altcoins Inverse Finance (INV), Liquity (LQTY), Propy (PRO). All four crypto assets then received […]
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January Proves Turbulent For Investors But NFT And GameFi Seems To Be Eating Good
DCR Technical Analysis: Bulls Struggle to Sustain Post-Breakout Pressure: Will It Reach $100?
DCR coin price action gives a bullish breakout of the falling wedge pattern with a 1500+% jump in trading volume teasing a bull run above $100 shortly. Decred is a cryptocurrency based on blockchain that was introduced in February 2016. DCR token and the protocol behind it were created to promote an open and democratic governance system. It is designed so that the community has the authority to approve any changes or transactions made to the protocol. Therefore, there is no way for the large Decred holders to influence the functioning of the system. The driving force for the founding of Decred is that it is an organization known as Company 0. Its purpose is to harness blockchain technology to provide better security for personal data and allow organizations to be more flexible in their projects. Let us move ahead to read about Decred technical analysis. Past Performance of DCR DCR coin price shows a growth of more than 25% in the past 24 hours with a jump of 1650% in the intraday trading volume. Thus, resulting in a huge bullish engulfing candlestick in the daily chart. Moreover, the increasing prices result in the long-coming wedge pattern breakout. DCR/USD Daily Chart DCR Technical Analysis The DCR coin price finds demand near the support zone at $60 resulting in the price jump and the breakout of a long-coming resistance trendline. However, the resistance zone of $100 is a high selling pressure area that can be hard to overcome. The crucial EMAs (50, 100, and 200) maintain a falling trend with the 50-day EMA providing dynamic resistance resulting in the higher price rejection. However, the increasing demand may soon result in the breakout of these EMAs, which will light a buying spot. The RSI indicator at 55% shows a steep rise in slope as it breaks above the center mark in the daily chart. However, the 14-day SMA remains below the central mark, indicating the bullish pressure is yet to sustain. The MACD indicator shows a bullish crossover in the MACD and signal lines with the gap increasing between the lines. Moreover, the growth in bullish histograms reflects a rise in underlying bullishness. Therefore, the technical analysis indicates a sharp rise in bullishness which is yet to sustain and might find rejection near $100. Moreover, the DCR price action indicates high price rejection from the 100-day EMA near $100. Upcoming Trend The breakout of the falling wedge pattern with a boom in buying pressure helps DCR gain overnight bullish attention. However, the price struggles to sustain above the breakout and might succumb within the pattern. The price action suggests support levels at $60 and $30 can halt the falling price in the event of a downfall. However, if the buying pressure sustains, the selling pressure at $100 and the 200-day EMA will be hard to overcome. In conclusion, the chances of prices falling into a pattern is high compared to a bull run. However, traders need to be patient and wait for the price action confirmation. At press time, the sentiment chart gives an overall “BUY” signal for the Decred token.
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Vitalik Buterin holds Twitter poll on which currency should succeed Ethereum
In an unexpected Twitter poll, Vitalik Buterin asked the ETH community which currency they want to dominate in 2035 if it isn’t Ethereum.
The post Vitalik Buterin holds Twitter poll on which currency should succeed Ethereum appeared first on CryptoSlate.
Consumers Prioritize Protection Over Convenience in McAfee 2022 Trends Survey
Individuals and families feel more exposed and ill-equipped to secure their digital lives U.S. trends to watch in 2022: While life online is loaded with conveniences, they’re not enough. People want to be secure. Consumers want a protected connection, even if it costs them. Gamers will take a pass on so-called “free” videogames. AI monitoring […]
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The rise of NEAR Protocol as a project led ecosystem
Until now, NEAR Protocol has quietly grown as a scalable, proof-of-stake network.
The post The rise of NEAR Protocol as a project led ecosystem appeared first on CryptoSlate.
Cardano Enters The Basho Stage: How It Improves Performance
Here’s What Next for Bitcoin, Ethereum and These Two Altcoins, According to Crypto Analyst Justin Bennett
Cryptocurrency trader Justin Bennett is revealing where he sees Bitcoin (BTC), Ethereum (ETH) and two altcoins heading in the coming days and weeks. Starting with Bitcoin, Bennett tells his 7,820 YouTube subscribers that the first resistance level the flagship cryptocurrency will come up against if it keeps going up is at $45,600. According to Bennett, […]
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Mark Cuban Is Quietly Accumulating Several Altcoins Built on Ethereum – Here’s a Look at the Billionaire’s Top Crypto Holdings
Shark tank star and billionaire Mark Cuban is revealing his crypto portfolio, which includes several non-fungible tokens (NFTs) and altcoins built on Ethereum (ETH). According to ETH search engine EtherScan, Cuban’s top altcoin holdings include data exchange platform Ocean Protocol (OCEAN), cross-chain smart contract protocol Rarible (RARI), the governance token of the Olympus DAO (gOHM), […]
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