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XEM Technical Analysis: Increasing Greed Eyes 200-day EMA 

XEM Technical Analysis: Price Is Having a General Downtrend Taking Support Yesterday at $0.1775

XEM coin price shows increased buying activity resulting in the resistance trendline breakout. Will the breakout rally reach the $0.15 mark? Key technical points: XEM coin price outperforms the 50-day EMA. In addition, the altcoin price surpasses the $0.10 mark. Finally, the 24-hour trading volume of NEM is $71 Million, marking a 273% rise.  Past Performance of XEM The XEM coin price displays an impulsive boost in buying pressure near the support level of $0.090. The recovery cracks above the $0.10 mark, the 50-day EMA, and the long-coming resistance trendline with an 18% jump last week. The trendline breakout comes with the bullish engulfing candlestick of 7.80% and shows a retest candle in action. Source-Tradingview XEM Technical Analysis  XEM coin price shows a high possibility of a post-retest uptrend continuation which may reach the $0.12 or $0.15 mark. Moreover, the increased buying pressure evident by the 270% jump in trading volume increases the chances of a bull run.  The crucial EMAs (50, 100, and 200) sustain the bearish alignment as buyers transcend the 50-day EMA and prepare to head higher after retest. However, the 50-day EMA breakout teases a bull run to the 200-day EMA, accounting for an almost 30% price jump. RSI Indicator: The RSI slope continues the spiked bullish movement as it surpasses the halfway mark and approaches the overbought boundary. Furthermore, the bullish divergence is clear and teases a bullish continuation.  MACD Indicator: The MACD and signal lines regain the positive alignment with the bullish spread, and the strings continue to approach the halfway mark.   In a nutshell, the XEM technical analysis shows a boom in underlying bullishness and teases a bull run to the $0.15 mark. Upcoming Trend  XEM coin price shows an ongoing retest phase of the trendline breakout, which may shortly push higher to the 100-day EMA. However, the uptrend has the potential to surpass the 200-day EMA and hit the $0.15 mark as the buyers add up. Contrarily, a failed retest will lead to the $0.10 fallout and a price fall to $0.090, accounting for an almost 15% downfall. Support Levels: $0.10 and $0.090 Resistance Levels: $0.12 and $0.15

The post XEM Technical Analysis: Increasing Greed Eyes 200-day EMA  appeared first on Cryptoknowmics-Crypto News and Media Platform.

Ethereum Burn Rate Feat To Spark 15% Price Rally! ETH Price To Rise above $3k By March End

Ethereum

The post Ethereum Burn Rate Feat To Spark 15% Price Rally! ETH Price To Rise above $3k By March End appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

  The folks from the cryptosphere holding onto the second-largest crypto asset Ethereum, have been in talks of Ethereum’s burn feat. As the protocol’s total burn count surpasses the 2 Million milestone, that tallies to a whooping ~$5.8 Billion. On the other hand, the amount of ETH held in crypto exchanges falls to its lowest level …

Vitalik Buterin tells Time Magazine crypto “has a lot of dystopian potential”

ETHDenver, one of the beloved crypto conferences in the world, took place this year between February 11 and March 21.

The post Vitalik Buterin tells Time Magazine crypto “has a lot of dystopian potential” appeared first on CryptoSlate.

Bitcoin Bullish Signal: Exchange Reserve Loses Another 50k BTC Over Past Week

On-chain data shows the Bitcoin exchange reserve has lost another 50k BTC over the past week, a sign that could be bullish for the price of the crypto. Bitcoin Exchange Reserve Continues To Observe Further Decline In Recent Weeks As pointed out by an analyst in a CryptoQuant post, 50k BTC in net outflows has exited exchange wallets over the past week. The “all exchanges reserve” is an indicator that measures the total amount of Bitcoin stored in wallets of all centralized exchanges. When the value of this metric goes up, it means the supply on exchanges is rising as investors deposit a net amount of coins. Such a trend may be bearish for the price of the coin as holders usually transfer to exchanges for selling purposes. On the other hand, the reserve’s value decreasing implies that a net amount of Bitcoin is exiting exchange wallets at the moment. This kind of trend when sustained over a period can prove to be bullish for the coin’s price as it may be a sign that investors are accumulating. Related Reading | Current Stretch Of Bitcoin Fear Surpasses 2021 Selloff Now, here is a chart that shows the trend in the BTC exchange reserve over the past few months: Looks like the value of the indicator has sharply gone down recently | Source: CryptoQuant As you can see in the above graph, the Bitcoin exchange reserve has been going down over the last few months. In the past week alone, the metric has dropped 50k BTC in value. The last couple of days especially saw large downward spikes amounting to around 10k to 11k BTC. Related Reading | Mike Novogratz: Bitcoin Price To Range Between $30k-$50k Throughout The Year The exchange reserve has traditionally been considered the “selling supply” of the coin. As it has been shrinking for a while now, the effect on the price should be positive due to supply-demand dynamics. Some have referred to this decline as creating a “supply shock” in the market. However, recent data suggests that the reserve is no longer the main source of selling pressure, coins exiting from exchanges have instead just shifted into investment vehicles like ETFs. Nonetheless, the reserve declining does reduce part of the selling supply so the net effect of such a trend may still be bullish. BTC Price At the time of writing, Bitcoin’s price floats around $41k, up 5% in the past week. Over the last month, the crypto has lost 6% in value. The below chart shows the trend in the price of the coin over the past five days. The price of Bitcoin seems to have seen a surge over the last couple of days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

HNT Technical Analysis: Wedge Breakout Rally Eyes Beyond $30 Mark

HNT technical analysis

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

The post HNT Technical Analysis: Wedge Breakout Rally Eyes Beyond $30 Mark appeared first on Cryptoknowmics-Crypto News and Media Platform.

Cardano ($ADA) Surpasses Kusama in Total Value Locked on Decentralized Finance Applications

The Cardano ($ADA) network has surpassed Kusama ($KSM), Polkadot’s canary network, in total value locked n its decentralized applications after seeing the value locked in its smart contracts swell by around $100 million this month. According to data from decentralized finance analytics platform DeFiLlama, first reported on by u.today, the Cardano network now holds around […]
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Market Analysis Report (16 Mar 2022)

Instagram is Adding NFTs | Web3 Wallet MetaMask Surpasses 30 Million Users | Crypto.com Starts Rolling Out Its U.S. Exchange

Terra (LUNA) Surpasses Ethereum Becoming Second Most Staked Asset

Over the past week, the price surge in the LUNA token has caused it to rise to become the second most-staked primary digital currency in TVL leaving Ethereum behind. In addition, a data source reported this data showing that Terra’s LUNA coin passed the Ether coin, which currently has more than $28 billion in Total Value Locked. According to the data report, the Terra crypto project has over 226,325 stakers, accounting for $29.5 billion worth of staked LUNA tokens. Thus, pushing the network to second place, towering over Ethereum. Related Reading | Bitcoin Outflows Spike As 30k BTC Exits Exchanges, Reserve Plunges Down Staking Rewards also released a report showing that the LUNA recently surpassed the ETH coin based on its network’s Total Value Locked up. From the data, LUNA had over $29.5 billion worth of LUNA tokens locked for staking. In contrast, Ether has $25.9 billion worth of locked for staking within its network. Other Regions Where Terra Surpasses Ethereum From the platform’s data, LUNA has over 226,325 token stakers. It just climbed up that position recently, toppling over four times the amount of ETH stakers, which were 54,768. Terra is currently following hard after Solana, with over $35 billion total value locked. LUNA is evaluated to reward users an average of 6.62% of their investments for annual staking revenues. However, ETH offers 4.81% in staking rewards, which are relatively lower than Terra’s staking incentives. Out of the top 10 staked cryptocurrencies, the crypto that rewards the most is the Polkadot (DOT) project that offers 13.92% on average. The crypto staking platform, Staking Rewards, emphasized LUNA’s victory over ETH on Tuesday. Whereas, some crypto users still debated that data from DefiLlama contrast with the figures. From DefiLlama’s data, Ethereum still trades above its contenders in TVL (total value locked) with a value of $111.4 billion. Moreover, on the other end, LUNA’s total value locked accrued $23.35 billion. These values include the total collaterals locked over DeFi (Decentralized Finance) protocols, not only staked ETH on the crypto staking platform, Beacon Chain but thus the differences. Presently, Beaconcha.in explorer’s data shows over 9.7 million ETH tokens staked, accumulating to $26.5 billion, tallying with data from Staking Rewards. Also, a similar trend the two aggregators have established is that LUNA’s values have spurred recently. Within the last week, the TVL of LUNA has grown by 26.905%. And it has risen above the BNB Smart Chain, which has a TVL worth $12.03 billion and is currently sitting at third place. Staking Rewards Defines Differences between TVL Metrics and Staked Value The data aggregator, Staking Rewards, has explained notable differences between TVL metrics and staked value. The TVL metrics include the total assets stored in DeFi protocols for components like lending. Related Reading | Bitcoin Exchange Withdrawals Suggests Whales Are Accumulating Over the past month, LUNA’s price has leaped by 78.4% and is currently trading at $89, with a market cap of $34.5 billion. Featured image from Pixabay, chart from Tradingview.com

OKX Exchange: Complete Rebranding Overview

OKEX or OKX, as they have recently rebranded to (more on that later), is a large cryptocurrency exchange and one of the OG’s in the crypto space established all the way back in 2016. Using its expertise in the spot market, OKX offers its users the opportunity to trade Futures, perpetual swaps and options markets. In […]

The post OKX Exchange: Complete Rebranding Overview appeared first on Coin Bureau.

BitStarz Alternatives: 6 Casinos Like BitStarz

We really love BitStarz, and can't seem to get enough of it. If you feel the same way then you've come to the right place.

The post BitStarz Alternatives: 6 Casinos Like BitStarz appeared first on BitcoinChaser.

Market Analysis Report (11 Mar 2022)

Stripe Launches Payments Support for Crypto Businesses | Chainalysis Launches Crypto Sanctions Monitoring Tools | Gold-Backed Cryptocurrencies’ Market Cap Surpasses $1 Billion

XRP Technical Analysis: Trend Ready To Outgrow Symmetrical Triangle

XRP Forensics Is Now Targeting Scammers of XRP Giveaway

The XRP coin price fills up the symmetrical triangle pattern formation in the daily chart, increasing the chances of a breakout-driven trend. Key technical points: XRP coin price is soon to outgrow the triangle pattern. The altcoin price moves along the 50-day EMA. The 24-hour trading volume of Ripple is $2.09 Billion, marking a 20% fall.  Past Performance of XRP The XRP coin price takes support at the ascending trendline of the triangle pattern, indicating the possibility of a bullish reversal. However, the bottled-up triangle pattern may fail to hold the bullish reversal, but the 3.84% bearish candle diminishes the case of a high momentum reversal.  Source-Tradingview XRP Technical Analysis  XRP coin price is ready to dump the carcass of the symmetrical triangle and bring a breakout rally. However, sideways movement over the weeks demands a surge in trading volume for a reliable breakout trend. The flattish 50-day EMA moves along with the choppy price action indicate a trapped trend momentum. Hence, a potential upside breakout can result in a rally to the 200-day EMA. RSI Indicator: The RSI slope imitates the flat price action near the 50% mark with no significant divergence in the picture. Therefore, a surge at any side will provide a trading opportunity. Stochastic RSI Indicator: The K and D lines rise higher after undermining the choppiness near the central line. However, the strings indicate a potential bearish crossover which increases the chances of the triangle fallout. In a nutshell, XRP technical analysis projects an excellent trading opportunity with the triangle breakout.  Upcoming Trend XRP coin price will generate a buying opportunity if the trend surpasses the resistance trendline. The upside breakout may potentially approach the 200-day EMA, accounting for a price surge of 10%. However, if the buyers maintain trend control, the rally could reach the $1 mark.  Contrarily, on the lower side, the fallout trend could bring a 20% discount as the prices may reach the $0.58 mark. Support Levels: $0.65 and $0.58 Resistance Levels: $0.85 and $1

The post XRP Technical Analysis: Trend Ready To Outgrow Symmetrical Triangle appeared first on Cryptoknowmics-Crypto News and Media Platform.

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