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Traders are tracking several massive Bitcoin transfers from crypto whales to leading US-based exchange Coinbase. A whale just sent 2,000 BTC worth about $85 million to Coinbase in a transaction first spotted by the blockchain data tracker Whale Alert. The transaction came hours after a separate whale sent 564 BTC worth $23 million to the exchange, […]
Kaiju Kongz has added a burn mechanism to his new NFT collection. The project will burn if you list your NFT below a specific value on OpenSea. Needless to say, this decision has not gone over well with everyone. Several Twitter users speculated that the change is being made to “artificially pump” the project’s floor...
A single user made $820K of ApeCoin during an airdrop via flashloan as we are reading further in today’s latest altcoin news. With the anticipation surging around BAYC’s launch of new tokens, a single user recieved more than 60,000 APE Tokens and netted almost $1 million, after paying of the flash loan and the fees […]
The global cryptocurrency market surged marginally as the value of key crypto coins increased. Today’s cryptocurrency market capitalization was $1.82 trillion. Despite the recent drop, bulls have taken control of the market, with the majority of coins trading in the green zone. Bitcoin (BTC) has grown rapidly in response to rising trading volume. Bulls have …
Oil prices held steady overnight, led by the perception of diminishing Ukraine risks and a positive meeting between the leaders of Saudi Arabia and the United Kingdom. The platitudes handed out to Boris Johnson in Riyadh conveniently overlook the fact that the Saudis are committed to OPEC+ and are not able to unilaterally boost production […]
HNT coin price surpasses the shared resistance of descending trendline and 20-day EMA with a sudden volume increase; can buyers sustain this new recovery? Key technical points: The HNT price surged 13.3% in the last three days The HNT price jumps above the 20-day EMA. The 24-hour trading volume of Helium is $36.5 Million, marking a 0.56% rise. Past Performance of HNT Since the downtrend initiated in November 2021, the HNT traders have been aggressively selling within a falling wedge pattern. As a result, the altcoin has recently slumped to the $20 psychological mark, indicating a 67% devaluation for All-Time High($59.1). Furthermore, the coin rebounded from the $20 support projects, a high accumulation zone. Source-Tradingview HNT Technical Analysis The HNT price gradually squeezing between the converging trendline has finally provided a decisive upside breakout on March 16th. This suggests the traders’ sentiment has switched from selling the rallies to buying on dips. The recent price jump has reclaimed the 20-day EMA and the descending trendline breakout. The potential rally could prevent the nearing bearish crossover between the 100-and-200-day EMA. Vortex Indicator: The VI lines are approaching for a bullish crossover, providing an extra edge to long traders. MACD Indicator: The MACD and signal line gradually rallying following a bullish crossover. The rising green bars on the histogram chart suggest increasing bullish momentum. In a nutshell, the HNT technical analysis shows early reversal signs, bolstering a new recovery rally. Upcoming Trend The HNT price shows a 0.22% intraday by the press time; the altcoin is expected to retest the breached resistance to validate a genuine breakout. If the buyers sustain above the descending trendline, the renewed buying will drive the coin price to a 16.61% high, hitting the $25.6. A follow-up breakout would pump the altcoin to the $30 mark. Alternatively, if the buyers couldn’t sustain the restest phase and nosedive below the descending trendline, the resulting bear trap would plunge the coin price to $20. Support Levels: $20 and $16.3 Resistance Levels: $25.88 and $30
Oil prices ease on Ukraine hopes Oil markets in Asia have staged an unconvincing pullback today in hopes that Ukraine-Russia negotiations are moving to a constructive stage, despite the weekend widening of the Russian bombing. Additionally, the Shenzhen lockdown may have tempered China’s growth expectations and thus, its energy consumption. All of that is a […]