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U.S. Dollar Index price analysis The U.S. Dollar Index turned down from the 20-day EMA (105) on Nov. 14 and plunged below the descending channel pattern. That started a correction, which has reached the 50% Fibonacci retracement level of 103.46. The 20-day EMA has started to…
For Bitcoin bears, the ideal scenario hinges on the ETF proposal being rejected, although the SEC may request additional time to reach a final decision, especially considering recent amendments to many filings. Presently, industry experts, including senior ETF analysts at…
Crypto payments: PayPal’s stablecoin ripple effect on markets Earlier this year, PayPal released its own stablecoin. What effect has it had on crypto adoption?
Bitcoin's top of funnel is becoming less noisy, suggests Swan Bitcoin CEO According to Swan Bitcoin CEO Cory Klippsten, Bitcoin ETFs are set to replace the chaotic entry points tainted by flashy crypto marketing campaigns. Swan Bitcoin CEO Cory Klippsten has suggested that spot…
The President of El Salvador serves for a five-year term. Before September 2021, the country’s constitution required presidents to wait ten years before running for re-election. However, El Salvador’s Supreme Court ruled at that time that a president may serve two consecutive…
U.S. Dollar Index price analysis The U.S. Dollar Index turned down from the 20-day EMA (105) on Nov. 14 and plunged below the descending channel pattern. That started a correction, which has reached the 50% Fibonacci retracement level of 103.46. The 20-day EMA has started to…
The Web3 industry started the year with a bang, witnessing a flurry of significant funding rounds. Blockstream, a digital asset company, set the tone with a mammoth $125 million round, followed by Chain Reaction, a blockchain chip startup, which secured $70 million. LayerZero, a…
Ether price analysis Ether ETH $2,087 turned down from the resistance line on Nov. 20 and slipped below the 20-day EMA ($1,957) on Nov. 21. However, the bulls had other plans. They aggressively purchased the drop below the 20-day EMA and are again trying to overcome the barrier…
BNB price analysis The bulls purchased the dip in BNB $249 on Nov. 9, indicating that the lower levels continue attracting buyers. The bulls will try to drive the price above the overhead resistance at $265. If they can pull it off, the BNB/USDT pair could rise to $285 and…
Solana price analysis Solana $44 has been consolidating in an uptrend. The price is stuck between the overhead resistance at $48 and the support at $38. Both moving averages are sloping up, and the RSI is in the overbought zone, indicating that the bulls have the upper hand.…
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