So far, buyers have maintained a strong support base around $37,000, which could limit pullbacks over the short term. The significant loss of downside momentum on the weekly chart could also encourage buying activity, especially if a breakout above $40,000 occurs. Author: Damanick Dantes Source link
Bitcoin (BTC) remains in a tight trading range, although buyers maintained support above $37,500 over the weekend. Upside appears limited given strong resistance beyond $40K. Author: Damanick Dantes Source link
Meanwhile, higher price lows from Jan. 23 have kept BTC anchored above $37,000 support in recent months. A series of higher price lows and strong overhead resistance, however, typically results in a breakout or breakdown in the direction of the prevailing trend. In this case, BTC’s downtrend could resume with higher volatility. Author: Damanick Dantes Source link
SAN FRANCISCO, March 10, 2022 /PRNewswire-PRWeb/ — Blocknative, the Web3 Transaction Orchestration company, releases Web3-Onboard, a major enhancement to the open-sourced enhanced toolkit that enables developers to easily integrate the top hardware and software crypto wallets with their decentralized applications (Dapp). Web3-Onboard with Notify enables dynamic crypto experiences by monitoring pre-chain events across multiple blockchains so crypto wallet users can be notified of transaction status in real-time. Over 50 million crypto users engage with Blocknative mempool intelligence through their wallets, while DeFi protocols, totaling over $30B in total value locked,…
“Volatility” is the word of the month and that is exactly what cryptocurrency investors saw today as Bitcoin rallied after concerns over the Biden administration’s executive order on crypto turned out to be a ‘nothingburger’. Data from Cointelegraph Markets Pro and TradingView shows that after trading near the $39,000 mark for the past few days, the price of Bitcoin (BTC) spiked 10.42% to an intraday high at $42,606 on as cautious traders flooded back into the market. BTC/USDT 1-day chart. Source: TradingView Here’s a look at what traders and analysts in…
EVM support on Kava will allow Ethereum developers to deploy dapps to Cosmos, which has been steadily gained popularity among users. Author: Shaurya Malwa Source link
Bitcoin (BTC) looks poised to test the $43,000 level in March, according to a technical setup shared by Rekt Capital, a pseudonymous market analyst. BTC rebounds from solid 2022 support Bitcoin’s drop toward $37,000 on March 7 was met with modest buying sentiment, leading to a price rebound above $39,000 on March 8. Interestingly, the upside retracement move originated around the same upward sloping trendline serving as an accumulation zone for traders in 2022. Update after 2 months: Too many retail investors on derivative exchanges could be a bearish signal.…
Behance, the creative showcase platform owned by Adobe, announced on Monday that users can now connect their Phantom wallet to their Behance accounts and showcase Solana (SOL) nonfungible tokens (NFTs) on their profiles. Phantom is a Solana wallet built for decentralized finance, or DeFi, applications as well as for NFTs. QuickNode, a Miami-based Web3 infrastructure platform, helped build out this feature with Adobe on Solana. Behance creators can already display their NFTs minted on the Ethereum (ETH) blockchain within their profiles. William Allen, the Adobe vice president leading Behance, explained…
Bitcoin (BTC) is rangebound with support at $35K-$37K. The loss of upside momentum over the weekend suggests limited upside given strong resistance around $45K. Author: Damanick Dantes Source link
Ethereum has been on. A declining trend like the rest of the market but the leading smart contract platform has been on the receiving end of one of the most brutal beat downs. The digital asset that had managed to touch the $3,000 level last week had quickly lost its footing which saw its spiraling down once more. However, Ethereum did not establish any significant support, so it had continued to decline. With the recent decline, the digital asset had crumbled below significant support points. These include the 20 and…