Bandai Namco, a game development and publishing company, has announced its intention of creating its own metaverse to increase the engagement fans have with the brand. The strategy was announced during the reveal of its new mid-term plan, which outlines the roadmap of the company for the next three years. The company expects to spend […]

The GALA coin price shows a rising trend momentum as the downfall continues to challenge the $0.30 mark. Will the price succumb under $0.30? GALA is an Ethereum-based currency that powers Gala Games. It is a platform that is designed to revolutionize the industry of gaming by giving players control of their games. The goal of the project is to change the way players invest hundreds of pounds for in-game assets, as well as countless hours playing the game that could be removed from them at the touch of an icon. The project aims to bring back creativity to gameplay by giving gamers the ability to control the game’s assets and games by using blockchain technology. Let us move ahead to read about Gala Games technical analysis. Past Performance of GALA GALA token price fails to rise above the resistance zone at $0.40 resulting in a downfall of more than 20% in the past 72 hours. The retracement creates triple black crow formation in the daily chart. Hence, the rising trend momentum in the downfall creates the triple black crow pattern suggesting a bearish continuation. GALA/USD Daily Chart GALA Technical Analysis The GALA coin price shows an increased selling pressure as the retest of trendline breakout gains momentum. Therefore, traders can find the price falling under the trendline, generating a selling opportunity. The MACD indicator shows a falling distribution of the bullish histogram projecting a possible end of the bullish cycle. Moreover, the falling slope of the MACD line might shortly give a bearish crossover in the daily chart. The RSI Power indicator shows a sudden surge in the bearish power as the slope falls below to the 50% mark. Moreover, the slope can shortly give a bearish crossover with the 14-day SMA.  The Super Trend Indicator shows the price fall sustains above the slope projecting an uptrend in action. However, the fall within the trendline can catalyse the downfall below the $0.24 mark.  In short, the rising trend momentum favors the underlying bearishness in the GALA coin price. Upcoming Trend The GALA coin price shows increased selling pressure and lowers the possibility of post-retest reversal. Therefore, traders can find selling opportunities below the $0.27 mark with a target at $0.20. However, traders need to wait for the price action confirmation to avoid a bullish reversal. 

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Smart contract-capable platform called Avalanche (AVAX) aims to improve blockchain technology particularly in terms of interoperability, scalability and usability.

The Bank of Zambia has said it expects to complete its study seeking to determine the feasibility of launching a Central Bank Digital Currency (CBDC), before the end of the last quarter of 2022. Narrowing the Financial Exclusion Gap The Zambian central bank has said it expects to complete a research study that […]

The AXS coin price faces the threat of bearish invasion as the selling pressure grows with the rejection near the 50-day EMA. Will the downfall reach $50? AXS is the Ethereum token, which is the basis for Axie Infinity, a blockchain-based game that lets players fight with each other, collect coins, and build the digital world of their pets. The token holders can earn rewards for depositing their tokens while playing the game as well as participating in key decisions regarding governance. Let us move ahead to read about Axie Infinity technical analysis. Past Performance of AXS AXS token price shows a downfall of almost 20% in the past four days from the 50-day EMA resulting in the falling channel retest. Moreover, the recent fall of 6.72% in the past 24 hours reflects the rise in the trend momentum. However, the confluence of a horizontal level at $60 and the falling channel indicates a possible post-retest reversal. AXS/USD Daily Chart AXS Technical Analysis The AXS coin price shows lower price rejection near the upmost trendline of the falling channel and the $60 mark. Therefore, despite the rising trend momentum in the downfall, traders can shortly find a buying opportunity.   The MACD indicator shows a failure of the fast line to surpass the zero line resulting in a sideways movement. Hence, the chances of a bearish crossover are increasing as the gap within the fast and slow line decreases. The Bull and Bear Power indicator shows a rise in the bearish powers as the slope crosses below the zero line after the rejection near 23%. Therefore, the indicator reflects the increased selling pressure.  The crucial Exponential moving averages are trending lower to achieve the bearish alignment as the falling 100-day EMA may shortly cross below the 200-day EMA. Moreover, the 50-day EMA provides dynamic resistance to keep the bullish growth in check. In short, the technical indicators showcase a rise in the underlying bearishness promoting the fallout below $60 possibility. Therefore, AXS traders can find a selling opportunity shortly. Upcoming Trend The AXS coin price struggles to avoid bearish invasion as the selling pressure increases with the recent downfall. Therefore, the reversal possibility with the successful retest of the falling channel breakout decreases.  Therefore, buyers need to wait till the breakout of $70 before siding with the bulls. The uptrend can reach the $90 mark with a successful retest. However, the fallout will result in a selling opportunity with a target at $50.

The post AXS Technical Analysis: Increased Bearishness Intensifies Retest Phase appeared first on Cryptoknowmics-Crypto News and Media Platform.

ParaState, a multi-chain smart contract platform bridging the application and developer ecosystems between different chains and Ethereum, will be listed on the leading digital asset exchange MEXC Global on 16 February, 2022.  Known as Ethereum on steroids, ParaState is a multi-chain smart contract platform extending the frontier of Ethereum by connecting the application and developer […]

Nonfungible tokens can power another paradigm shift via the experience-to-earn model, which welcomes anyone into the NFTs space.

The SAND coin price retraces to the support trendline as it retests the bullish breakout of $4. Will the retest bring bullish reversal? SAND is an ERC-20 token that powers these ecosystem’s exchanges and interactions. For instance, you pay SAND tokens in order to participate in games, buy equipment, or to customize your avatar. In the future, SAND will also serve as a governance token that allows its owners to participate in influence on the changes to the ecosystem once The Sandbox DAO is created. SAND is also a way to purchase ASSETS as well as LANDS, digital pieces of real estate that are represented by ERC-721 tokens that are NFTs. The players can make use of their LANDS, which is a digital plot of 96×96 meters to host the games as well as ASSETS. Let us move ahead to read about SandBox technical analysis. Past Performance of SAND SAND token price shows a growth of 40% within a fortnight, resulting in an expanding channel in the daily chart. The price action shows a reversal near the support trendline and marks a retest of the cup and handle breakout at $4. Moreover, the price action shows lower price rejection near the 100-day EMA which showcases the possibility of a bullish reversal.  SAND/USD Daily Chart SAND Technical Analysis The SAND coin price showing a reversal from $5 accounts for a 15% downfall and an increase in trend momentum. Hence, the chances of a bullish reversal are decreasing. Therefore, traders need to wait for the price action confirmation before taking a bullish stand. The RSI indicator shows a drastic fall in the slope resulting in a merge with the 14-day SMA near the 50% line. Therefore, the indicator reflects increased selling pressure that struggles to continue. The Vortex indicator shows an increased possibility of a trend reversal as the VI lines approach each other. However, the line is yet to give a bearish crossover.  The crucial Exponential moving averages show the price stuck within the 50 and 100-day averages. Moreover, the possibility of a bearish crossover of the mentioned EMAs increases as the downfall gains momentum. In short, the increased bearish trend momentum is evident by the technical indicators but the sellers are getting exhausted. Therefore, the possibility of a reversal in the SAND token is still considerable. Upcoming Trend The SAND coin price finds increased volatility as it trades near the crucial horizontal level at $4. Moreover, the post-retest retracement possibility stands despite the recent downfall.  Hence, traders can find selling opportunities with the breakout of the support trendline with a target near $3.5 and $3.15. On the higher side, the bullish reversal can find opposition near $4.5 and $4.75.

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Using Blockstream Satellite, this guide demonstrates how to mine bitcoin by yourself without placing trust in a pool.

Gross Profit Percentage for the Quarter ended December 31, 2021 Increased 1% versus Prior Year and 8% versus Prior Quarter Net loss per Share of $(0.31) for the Third Quarter Compared to a Net Loss per Share of $(0.32) for the Prior Year $8.5 Million of Cash and Strengthened Balance Sheet WOODSTOCK, Ga.–(BUSINESS WIRE)–Sonoma Pharmaceuticals, […]

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What is the current setting of nation-state monetary dependency, and where could Bitcoin take us?

Key Points:  Ethereum and Binance coin are among the safest altcoins in the market.…

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