Der US-Staatsanwalt Damian Williams erklärte, dass die gestohlenen Bitcoins durch „modernste Kryptowährungsverfolgung“ und „altmodische Polizeiarbeit“ wiederbeschafft werden konnten.
Ripple’s XRP continues to be choppy. What’s the next likely price action?
Ripple (XRP/USD) is trading for 0.4756 against the dollar. The value represents a 2% drop in the past day and a 5% increase in the last week. Despite the drop in XRP valuation by 2% to $23 billion, the token has registered a 54% increase in daily trading volumes to $1.4 billion.
Part of XRP trading activities could be tied to an increasing whale appetite. A transfer of 100 million XRP tokens worth more than $49 million was recorded three days ago. In addition, the number of XRP investors owning between 1 million and 10 million XRP is rising.
What could be driving whales to add more XRP is the developments in the Ripple – XRP case. Amid the legal tussle, Ripple is attracting support from major industry players. Some of them, including Coinbase and VeriDAO, have applied to be enjoined as friends of the court.
At the same time, the SEC has been faulted for trying to buy time after asking for a timeline extension. The regulator requested more time after several entities joined the case as amicus curiae. The case, projected to conclude in the first quarter of next year, is expected to boost XPR value. However, the daily technical chart shows moments of indecision among the investors.
XRP lack of directional movement to continue?
Source: TradingView
The daily chart above shows a clearly defined consolidation pattern in the price of XRP. The payment cryptocurrency has been locked between a low of $0.4447 and a high of $0.5114. The choppiness has remained in place since the end of September, with the press retracing to the support. Although the MACD indicator shows some bullishness, investors remain indecisive, As shown by a nearly neutral Stochastic Oscillator.
Concluding thought
Although a consolidation pattern often results in a major breakout, either way, none (breakout) is on the horizon. As it stands, investors should remain patient for a clear signal. The fundamentals around the Ripple SEC case are also a key factor in the next likely XRP price action.
Where to buy XRP
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Capital.com
Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.
Buy XRP with Capital.com today
The post Ripple’s XRP continues to be choppy. What’s the next likely price action? appeared first on CoinJournal.
FTX token slides further after damaging reports. Are we set for a new low?
FTX token (FTT/USD) slid 1.23% on Monday, marking a 12% decline in the past week. The decline comes amid a dampened sentiment around the token on the latest cryptocurrency news.
As CoinJournal reported, FTX was a victim of accelerated fund withdrawals. Over $451 million in stablecoins have been withdrawn from the crypto exchange in the past one week. That came after reports indicated that billions of dollars of Sam Bankman-Fried’s Alameda Research are tied up in FTT.
Besides, a tweet by Binance CEO Changpeng “CZ” Zhao on November 6 raised further concerns about FTT. CZ said that his company would relinquish its entire position in FTX tokens. The Binance CEO said the liquidation was post-exit risk management. The words of CZ highlighted a crypto exchange that could be in turmoil. “We gave support before, but we won’t pretend to make love after divorce.” CZ said the action was “learning from LUNA.” So, what went wrong?
As many crypto exchanges experienced liquidations earlier this year, FTX showed resilience. Sam Bankman-Fried was alongside Binance, bailing out struggling firms. However, the latest revelations are concerning and could accelerate the FTT sell-off going by the crypto’s price action.
FTT at a make-or-break level as sellers mount
Source – TradingView
On the technical outlook, FTT trades at a support zone of $22. Following the recent weaknesses, the token broke below the moving averages to the June lows. The RSI remains below the midpoint meaning that the sellers are more at the crucial support.
With weak momentum, FTT could break below to find a new low. Buyers could still try to force a recovery at the current support zone. A muscle up of the buyers and sellers could see the token consolidate at the support.
Should you buy the FTX token?
FTT remains vulnerable to a new yearly low amid weak sentiment and a bear market. Although there is a potential for recovery at the support, sellers are still active, and low prices are more likely.
Investors should wait before buying the token until the negative news is clear or positive developments happen.
Where to buy FTT
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Bitfinex
Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.
The post FTX token slides further after damaging reports. Are we set for a new low? appeared first on CoinJournal.
Solana clears above the 50-day MA. Is it now bullish?
Solana (SOL/USD) jumped to a 2-month high of $38.7 over the weekend. The strong recovery happened after Google Cloud announced it had become a Solana validator.
Google Cloud further said it would continue working with the Layer-1 blockchain. The partnership will see the introduction of Blockchain Node Engine to the blockchain in 2023. Solana is now expected to become the payment service for Google Cloud services.
Aside from the recent developments, Solana has witnessed increased growth. In late September, the total transactions on the blockchain rose past the hundred billion mark for the first time. Of course, that comes when Solana enthusiasts continue to express concern over the frequent network outages. The increasing adoption means investors see real use cases for the proclaimed Ethereum killer.
Elsewhere, a pseudonymous crypto analyst Cantering Clark is too optimistic about SOL recovery. In a note to his 149,500 Twitter followers, Clerk says SOL is forming a multi-month base. He posits that the cryptocurrency is taking out a diagonal resistance and is consistently getting a green light.
Aside from the positive fundamentals, technical indicators show SOL attempting to break a key level.
SOL rejected at $37, another attempt for buyers to push higher?
Source – TradingView
Technically, SOL was rejected at the $37.6 resistance zone. The token attempted a breakout after a strong rally over the weekend. The jump helped the cryptocurrency to recover above the 50-day MA for the first time since mid-August.
The MACD indicator shows a bullish momentum for SOL. However, the momentum has slightly weakened after a 10% SOL price drop on Monday.
Will SOL go higher?
The $37.6 is the key litmus test for SOL. There is already an indication that buyers are rejecting a price drop below the 50-day MA. Should buyers remain resilient, we vouch for SOL’s break above $37.6. That will open a buy trade and set it for a price increase to $42 and the main resistance at $47.
Another price rejection at $37.6 could see buyers wait longer for SOL to go higher. If the price breaks below the moving averages, a bear market could continue for SOL.
Where to buy SOL
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Capital.com
Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.
Buy SOL with Capital.com today
The post Solana clears above the 50-day MA. Is it now bullish? appeared first on CoinJournal.
Chainlink price prediction as a breakout is now confirmed. Is a huge rally coming?
Chainlink (LINK/USD) “below $10 feels criminal.” Those are the words of anonymous crypto analyst Kaleo, who has 538,000 Twitter followers. According to the analyst, Chainlink is experiencing accumulations on top of major support. For this reason, the analyst feels Chainlink is a big bargain at or below $10.
The comments come when Chainlink is witnessing an increase in whale activity. Santiment data indicates that whales were very active, with 33 transactions of more than a million dollar value over the weekend. The whale activity was the highest since June 27th.
It is no coincidence that the LINK price is going higher. As of press time, LINK was trading at $8.45, a slight correction from a nearly 3-month high of $9.1 over the weekend. A quick technical outlook shows that the Chainlink token had broken past a key resistance level. Investors could look to accumulate more amid increasing buying pressure.
Is a golden cross coming for LINK?
Source – TradingView
On the daily chart, LINK has tested the $8 resistance-turned-support. The token is pushing higher from the support zone. The MACD indicator shows that momentum is strong, suggesting a higher price is on the horizon.
Another critical technical indicator that will sound bullish for LINK is the moving averages. From the technical outlook, the 50-day MA is nearing a cross-over (golden cross) over the 200-day MA. If that happens, it will be the first time we see a golden cross on LINK this year. The last time the 50-day MA was above the 200-day MA for LINK was in December 2021. A golden cross is an indication of upcoming lasting bullish momentums.
Should you buy LINK now?
LINK is at an attractive buy zone. A breakout followed by a retest of the support builds a strong bull case for the cryptocurrency. The technicals are reinforced by increased whale activity, showing that buyer interest remains high.
From the current level, the next target for LINK will be $9.5 and $11. Targets at $12 and $18 will depend on the prevailing crypto sentiment.
Where to buy LINK
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Capital.com
Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.
Buy LINK with Capital.com today
The post Chainlink price prediction as a breakout is now confirmed. Is a huge rally coming? appeared first on CoinJournal.