Das Krypto-Projekt Shiba Inu will die Anleger dazu anregen, weitere SHIB zu verbrennen und damit für eine Verknappung des Angebots zu sorgen.
ETH price: Top analyst’s Ethereum price outlook for this week
Here’s a top analyst’s Ethereum price outlook after ETH dropped below $3,000
Ethereum has declined below $2,900 after bulls gave up the $3,000 support level over the weekend. The drawdown in the price of Ether (ETH) comes as the top cryptocurrency Bitcoin (BTC) also faces massive sell-off pressure after dropping below $40,000.
Currently, Ethereum is trading near $$2,860 with 24-hour losses of about 2.8%. Bitcoin, on the other hand, has slipped to lows of $38,800 and is roughly 2% in the red.
Ethereum likely to retest $2,600
While he maintains a bullish outlook for top two cryptocurrencies by market cap, top crypto trader and analyst Rekt Capital sees a potential dip to lows of $2,600 for Ethereum.
“ETH has flipped ~$3050 into new resistance on the weekly timeframe,” the analyst said pointing to a chart showing Ethereum price has dropped over the past four weeks.
“As a result, ETH now has a greater chance of performing a long downside wick to even as low as $2600 on the monthly timeframe,” he noted.
Chart showing ETH/USD has dropped below a critical support level. Source: Rekt Capital
Although the prominent crypto analyst suggests that Ethereum could yet flip lower, he thinks bulls may yet see $3,000.
Highlighting Ethereum’s monthly chart, Rekt Capital says:
“ETH volatile retest of ~$3000 (black) may very well be in progress. Downside wick could go down to as low as the green Higher Low ($2600). A wick into the HL before ultimately performing a Monthly Candle Close above ~$3000 (black) would be bullish.”
Here is a chart showing the analyst’s take on what could happen next for ETH/USD.
Ethereum traded at highs above $3,500 earlier this month. Data from CoinGecko shows that at current prices, the ETH/USD pair is down nearly 11% in the past two weeks and 8% in the past 30 days.
The post ETH price: Top analyst’s Ethereum price outlook for this week appeared first on Coin Journal.
Top-5-Kryptowährungen diese Woche: Bitcoin (BTC), Polkadot (DOT), Monero (XMR), ApeCoin (APE), CakeSwap (CAKE)
Die Bitcoin-Bullen versuchen die Marke von 40.000 US-Dollar zurückzuerobern und wenn ihnen das gelingt, könnten DOT, XMR, APE and CAKE als erste stark ausbrechen.
Top crypto price predictions: Zilliqa and Near Protocol
Cryptocurrency prices crashed on Monday as fear in the market escalated. Bitcoin dropped below $40,000 while the total market capitalization dropped to over $1.87 trillion. Some of the worst-performing coins were Near Protocol, Mina Protocol, Zilliqa, Moonbeam, and Axie Infinity, which have dropped by more than 10% in the past 24 hours.
Investors are getting fearful
Cryptocurrencies dropped as the mood in the market rose sharply. Indeed, a closer look across various asset classes are deeply in the red. For example, in the commodities market, the price of crude oil crashed by more than 4% while gold and silver dropped by over 2%. This makes it one of the worst days in the commodities index this year. The Bloomberg Commodity Index (BCOM) dropped by over 1.9%.
The stock market also crashed. For example, in Europe, the CAC 40, DAX index, and FTSE 100 indices crashed by over 2%. In the United States, the Dow Jones dropped by more than 1,000 points. It has lost over 200 points in the futures market.
Therefore, cryptocurrencies are falling as investors react to the ongoing fear that the Federal Reserve and other central banks. In a statement last week, Jerome Powell warned that the bank will embrace a more hawkish policy in the coming months. As a result, the fear and greed index has moved to the extreme fear zone of 23.
Zilliqa price prediction
The daily chart shows that the ZIL price has been in a strong bearish trend in the past few days. The coin has moved below the important level at $0.1285, which was the highest point on October 21st. It has crashed by over 57% from its highest level this month.
It has fallen to about $1.3 billion while the MACD indicator has moved below the neutral level. Therefore, there is a likelihood that the coin will continue falling as bears target the next key support level at $0.08.
Near Protocol price prediction
On the 1D chart, the Near Protocol price has dropped in the past 6 straight days. A closer look shows that the downward trend has been actually gaining momentum. It has also managed to move below the 25-day moving average while the MACD is close to falling below the neutral level.
The coin has also formed what looks like a handle of its cup and handle pattern. Therefore, there is a likelihood that the shares will resume the bullish trend.
The post Top crypto price predictions: Zilliqa and Near Protocol appeared first on Coin Journal.
Bitcoin risks dropping towards $35k as the bearish trend thickens
The cryptocurrency market underperformed over the weekend, and Bitcoin could record further losses soon.
The broader cryptocurrency market has been in a bearish trend over the weekend. In the last 24 hours, the total cryptocurrency market cap has dipped by more than 4% and currently stands above $1.7 trillion.
Over the past seven days, the broader crypto market has lost more than $200 billion. Bitcoin remains the number one cryptocurrency by market cap but has recorded losses over the past few days.
At press time, Bitcoin is trading above $38k per coin, down by more than 2% over the last 24 hours. If the market momentum is maintained, Bitcoin could face further selling pressure and could slip towards the $35k psychological level before the end of the week.
Key levels to watch
The BTC/USD 4-hour chart is bearish at the moment as the bearish sentiment in the market thickens. The technical indicators show that BTC could suffer further losses over the coming hours and days.
The MACD line is below the neutral zone, indicating strong bearish momentum for Bitcoin. The 14-day relative strength index of 48 shows that Bitcoin could soon enter the oversold region if the current market condition persists.
If the bears remain in control, Bitcoin could slip below the first major support level at $37,102 before the end of the day. This would be the first time Bitcoin will trade below $38 since the start of the month.
In the event of an extended bearish run, Bitcoin could be forced to defend the second major resistance level at $35,289. Bitcoin hasn’t tested the $35k psychological level since February.
However, if the bulls regain control, Bitcoin could test the $40k resistance level over the next few hours. The second major resistance level at $42,154 should cap any further upward movement in the short term.
The post Bitcoin risks dropping towards $35k as the bearish trend thickens appeared first on Coin Journal.