Terra’s price falls continue for three sessions after making an interim high of $90.00. The downside risk could be intensified if the weekly support of $65.28 is broken. However, the price could swing in between the range of $$72.0 and $78.0 until the market finds its equilibrium. Terra price downward momentum slows down in

The post Terra (LUNA) Price Seeks Upside Of 10% Near 61.8% Fibonacci Retracement appeared first on CoinGape.

Strike’s Bitcoin Wallet went live in Argentina last week.

The post Strike’s Bitcoin Wallet is #1 in Argentina in less than a week appeared first on CryptoSlate.

ENJ coin price action is under the influence of a bearish descending triangle pattern. Will buyers lose the $2.1 support as well? The Enjin blockchain ecosystem seeks to provide software solutions that enable anyone to build, trade, monetize and trade using blockchain. Established in 2009, Enjin is a part of the gaming industry. Its roots are in its first product, a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of more than a decade. Enjin Coin is an electronic store of value that is used to protect the value of blockchain assets, such as Non-fungible Tokens (NFTs). Each asset created using the Enjin Platform contains ENJ, the minting resource that is kept in NFTs until taken out of circulation. Minting blockchain assets using the Enjin token offers a range of advantages for creators and users: Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ The correction phase in ENJ is struggling to break down from the $2.1 support. However, the series of lower highs in the technical chart has revealed a descending triangle pattern. The pattern presents its neckline at the $2.1 mark, and the crypto traders should wait for the price to breach this support to get a sell signal. Furthermore, the decreasing volume activity within this pattern indicates the trapped momentum, which should outburst when the price escapes the chart pattern. ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price has recently faced another rejection from the descending trendline. The coin is currently approaching the bottom support after completing a falling three-method candle pattern. The crypto traders should closely watch for price action at this high area of interest. As the price might retest this $2.1 for another support. Crucial EMAs (50, 100, and 200) in the daily chart maintain a bullish trend as the coin price is still trading above the 200 EMA. However, the other EMA lines could interrupt any bullish attempt.  The RSI indicator (43%) moving below the neutral line indicates a bearish sentiment among the market participants. The RSI slope has dropped below the 14-day SMA line. The MACD indicator shows several crossovers among the MACD and signal line due to the consolidating price action. However, the price action is still under a bearish influence as these are roaming below the neutral line. In short, the price action resonating in the triangle pattern might have caused inactive momentum in the technical indicator. However, they still indicate an overall bearish outlook for the ENJ coin. Upcoming Trend The failure to sustain above the $2.1 support will boost the selling pressure in this coin and drop it to an even lower level, i.e., $1.75 or $1.5. Even though this pattern promotes the continuation of bear attacks. The final call depends on the price action, on which side it provides a breakout. Therefore, the crypto traders should be patient till the price doesn’t breach the bottom support($2.1). The ENJ coin price chart suggests the next support levels at $1.7 and $1.5. And, in case of a bullish reversal, the price can find resistance at $2.5 and 50-day EMA. At the time of writing, the technical analysis by TradingView shows a rise in bearish sentiments as it gives a “SELL” signal for the ENJ coin. Technical Analysis for ENJUSD

The post ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally appeared first on Cryptoknowmics-Crypto News and Media Platform.

OKB coin price action forms a descending triangle pattern with the newly formed resistance trendline. Will the bulls manage to break above this pattern? OKB is a cryptocurrency that was created through the OK Blockchain Foundation and Maltese cryptocurrency exchange, OKEx. The exchange is among the biggest in the world and currently is third in terms of liquidity, fourth in terms of trading volume, and has a broad range in trading pairs. OKEx is very similar to the giant cryptocurrency exchange Binance in many ways, however, there are some key distinctions. The platform offers its own cloud mining services, and the company is more focused on offering options trading services to customers. Let us move ahead to read about OKB technical analysis. Past Performance of OKB The OKB coin price struggles to rise above the horizontal level at $27.5 resulting in the downfall of 4.60% in the past 24 hours. Nonetheless, the price action shows an 11% jump in the last week from the support zone at $24. However, the tweezer top formation hints at a downfall back to the support zone. OKB/USD Daily Chart OKB Technical Analysis The OKB coin price action shows the formation of a resistance trendline in the daily chart. The trendline creates the image of a descending triangle pattern with the base at $24. Crucial EMAs (50, 100, and 200) rise higher in a bullish alignment in the daily chart. However, the price breaks below the 50-day EMA and finds support at the 100-day EMA. Meanwhile, the 200-day EMA stands strong beneath the triangle pattern. The RSI indicator at 48% shows the slope moving in a zig-zag movement near the central line in the daily chart. The slope reapproaches the central line as the 14-day SMA shows a gradual reversal. The Stochastic RSI indicator reflects a high possibility of a bearish crossover between the K and D in the daily chart. Therefore, a bearish retracement within the triangle is plausible. Taking a bearish stand, the technical analysis shows a rise in selling pressure and forecasts a reversal within the triangle.  Upcoming Trend The OKB coin price action plans to resonate within the triangle pattern before giving a crucial breakout and setting the upcoming trend. However, the recent bearish retracement brings a shorting opportunity with a target near $24.   However, safe traders should be patient till the pattern breakout to avoid sudden reversal within the triangle.  The OKB coin price chart suggests a bullish breakout of the triangle can face opposition at $28 and $31. And, if the bears control the upcoming trend, prices can find support at 200-day EMA and $20. At press time, the technical analysis by TradingView projects “NEUTRAL” sentiments for the OKB coin. Technical Analysis for OKBUSD

The post OKB Technical Analysis: Reversal Brings Forth a Resistance Trendline appeared first on Cryptoknowmics-Crypto News and Media Platform.

NFTs are fast becoming an ubiquitous part of the digital economy. Once largely a digital art medium, NFTs are starting to encompass other art...

Ethereum extended decline below the $3,300 support zone against the US Dollar. ETH price could recover from $3,120, but it might face hurdles near $3,250. Ethereum extended decline below the $3,300 and $3,250 support levels. The price is trading below $3,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,200 and $3,250 resistance levels. Ethereum Price Struggles Ethereum extended decline below the $3,250 support zone. ETH even broke the $3,200 support level and settled below the 100 hourly simple moving average. It traded as low as $3,129 and is currently correcting higher. There was a minor move above the $3,150 level. The price is now facing resistance near the $3,180 level. There is also a key bearish trend line forming with resistance near $3,180 on the hourly chart of ETH/USD. The trend line is near the 23.6% Fib retracement level of the recent decline from the $3,392 swing high to $3,129 low. If there is an upside break above the trend line, the price could rise towards the $3,250 resistance zone. Source: ETHUSD on TradingView.com The 50% Fib retracement level of the recent decline from the $3,392 swing high to $3,129 low is also near the $3,250 level to act as a hurdle. A clear move above the $3,250 level might pump the price in the near term. The next major resistance is near the $3,400 level, above which ether price could gain bullish momentum. In the stated case, the price could rise towards $3,550 in the near term. More Losses in ETH? If ethereum fails to start a fresh increase above the $3,200 level, it could continue to move down. An initial support on the downside is near the $3,140 level. The first key support is now forming near the $3,120 level. A downside break below the $3,120 level might push the price further lower. The next major support for the bulls may perhaps be near the $3,000 handle. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is still well below the 50 level. Major Support Level – $3,120 Major Resistance Level – $3,250

With the largest cryptocurrency Bitcoin still in a downward correction, some of the selected altcoins are struggling. Of the best performing altcoins, Secret and Oasis Network are in a bull market.

The cryptocurrency market has taken another small dive after a day or two of recovery. At $2.1 trillion, its total cap has fallen by around [...]

ADA price started a fresh increase from the $1.08 zone against the US Dollar. The price is now trading above $1.40 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.44 on the 4-hours chart (data feed via Bitfinex). The price might start a fresh increase...

The post Cardano (ADA) Price Analysis: Uptrend Intact Above $1.40 appeared first on Live Bitcoin News.

It’s a case of “same, same but different” when it comes to Bitcoin price action this year, but historically, nothing has fallen outside the norm.

While cryptocurrency markets continue to trade sideways this week, some Metaverse crypto coins are seeing significant price gains. This article looks at the top three Metaverse crypto coins gaining the most price today, January 18th. MiniGame (MINIGAME) +200% Launched in December 2021, MiniGame is a community-driven token deployed on the Binance Smart chain. The project […]

The post These 3 Metaverse Crypto Coins Gained Over 200% Today (MINIGAME, SQUID, MRE) appeared first on NullTX.

Ethereum price started a fresh decline from the $3,400 resistance against the US Dollar. ETH price is now trading below $3,300 and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $3,300 on the 4-hours chart (data feed from Coinbase). The pair could continue to move...

The post Ethereum Price Analysis: ETH Could Slide Below $3K appeared first on Live Bitcoin News.