Crypto News Archive - Seite 1526 von 1896 - Finanzmittel Info + Krypto + Geld + Gold

26. Juli 2022

Watch for the close of Avalanche’s daily candlestick to assess price direction

Avalanche is trading at the breakout zone after correcting in a bear market
The Fed’s policy move on Wednesday will determine the price move
Watch for the close of the daily candlestick for a possible reversal or bear continuation

Most cryptocurrencies are correcting after the recent gains. Profit taking and Fed’s policy action on Wednesday is playing a role. Cryptocurrencies like Avalanche AVAX/USD had previously breached key levels. They remain on the watch list should the Fed hold a soft stance regarding policy tightening.

AVAX is trading at $20.12. The level is close to or at the support of $20.95. AVAX traded and consolidated at $26 as the price pushed through the $20.95 resistance. At the current price, the token is seemingly looking to crash back into the consolidation zone. Nonetheless, it can’t be confirmed yet that AVAX has slipped below the $20.95 support. We need the close of the daily candlestick for confirmation.

AVAX slightly slips below the breakout support

Source – TradingView

Technically, the Avalanche token is bearish at or slightly below the $20.95 support. The short-term moving averages have moved above price and could add bear weakness. The MACD indicator is also about to close below the moving average in a bear market.

While bear pressure remains on AVAX, we cannot confirm a break below the $20.95. Investors should watch for the close of the daily candlestick. It could be a false breakout if the candlestick closes above the support. In that case, a buy signal would be generated. That would, of course, be subject to the prevailing crypto sentiment.

If AVAX closes below the $20.95 support, with a bear crypto sentiment, weakness will continue. The next potential support for the token is $16.

Summary

AVAX is yet to confirm a bearish momentum despite breaking slightly below the $20.95 support. The token could reverse if the daily candlestick closes above the support.

The post Watch for the close of Avalanche’s daily candlestick to assess price direction appeared first on CoinJournal.

26. Juli 2022

Shiba Inu is vulnerable close to support as interest in token wanes

Shiba Inu is experiencing declining Google search interest as price slips
The token remains the most held by Ethereum whales
SHIB will continue to drop in the bear market, but the price could find support soon

Shiba Inu SHIB/USD price has largely been influenced by retail interest and social media frenzy. That’s why a drop in interest has an adverse impact on price. Accordingly, “Shiba Inu” Google Search queries are at the lowest in more than a year in July. The drop in interest is reflected in the price, although the developing crypto weakness is also a cause.

As press time, SHIB was down 7.82% in the last 24 hours. The decline takes the total losses in the week to nearly 10%. However, it should be remembered that SHIB has been on an upward momentum since mid-June.

Whalestat data also indicates that SHIB remains the most held token, after ETH, by Ethereum whales. That signals the expectation of a price jump in the future. Thus, the drop in search interest may not accurately reflect price but can cause a short-term weakness.

Shiba Inu nears support as the price weakens

Source – TradingView

We believe $0.0000104 is the level to watch for SHIB investors. The level is a make-or-break zone as it is the support that marks the bottom of the consolidation zone. The MACD line is crossing below the moving average, indicating a further bear pressure. The moving averages have also joined the resistance. If SHIB breaks below the support, it could fall to $0.0000077.

Concluding thoughts

Shiba Inu is witnessing a decline in Google search interest, but whale holdings are still strong. The token is trading lower and nearing the $0.0000104 support. SHIB needs to overcome a drop below the support to remain in the consolidation zone.

The post Shiba Inu is vulnerable close to support as interest in token wanes appeared first on CoinJournal.

26. Juli 2022

Uniswap price prediction amid full NFT integration plans

Uniswap has hinted at plans for a Full Sudoswap Support
Uniswap token is under pressure but remains in an uptrend
$5.6 is the immediate level to watch should weakness continue

Uniswap UNI/USD is correcting after the recent gains that saw the token top $7.70 on July 19. The token has been largely consolidating since July 16. A breakout of the key levels seems unlikely as weaknesses continue to grow.

The latest weakness in the Uniswap token comes amid positive developments on the network. On June 22, Uniswap’s head of NFT products, Scott Lewis, announced plans for Full Sudoswap Support. The integration of Sudoswap, an NFT exchange, will allow the trading of NFTs on the platform. The trading is indicated to start around the fall.

The full integration of NFTs through Sudoswap support is positive for Uniswap and its native token. That would detach Uniswap from other platforms such as OpenSea for NFTs. The integration will also enable NFT DEXs and other products on the platforms. The developments strengthen the use cases of UNI.

The news, of course, complements the latest development where the UNI token was listed on Robinhood. We believe UNI is only correcting after the latest gains, and investors should consider buying lower.

Uniswap corrects at a minor resistance as weakness grow

Source – TradingView

Technically, UNI remains on an uptrend despite the latest weakness. The cryptocurrency met a minor resistance at $7.4 and is dropping lower. The MACD line is closing below the moving average, indicating a bearish pressure.

We believe UNI will continue dropping to find support at $5.6. A further drop to $4.1 support will depend on the prevailing crypto sentiment. However, we believe UNI has strong fundamentals to make a comeback. Investors should monitor the token.

Summary

Uniswap is bearish but remains solid on an uptrend. Technical indicators suggest a further price drop. Investors should watch for a bullish reversal at $5.6.

The post Uniswap price prediction amid full NFT integration plans appeared first on CoinJournal.

26. Juli 2022

Bearish MACD crossover makes Sandbox token vulnerable to $1.0

SAND loses 8% in 24 hours as weak sentiment prevails
Fed’s policy statement on Wednesday will determine price movement
SAND risks further bear pressure as price crashes below moving averages

Sandbox token SAND/USD is back in the consolidation market. The token lost nearly 8% in the last 24 hours. The losses come amid concerns of further economic tightening by the Fed in a meeting on Wednesday.

SAND’s recent price movement has been pegged to the prevailing crypto sentiment. The token recovered from June’s level below $1 on a relief rally that lasted up to last week. The token remains among those expected to rise as Metaverse continues to actualize. However, at the moment, SAND is bearish, and investors should be cautious ahead of the Fed statement.

SAND token bearish as it eyes $1.0 support

Source – TradingView

On the daily chart, SAND is bearish after failing to break above a resistance zone at $1.28. The weakness reflects buyers taking profit ahead of the Fed policy meeting. Following the recent weakness, SAND is trading below the 14-day and 21-day moving averages. That suggests a short-term bearish pressure that could push the price down.

Another bear signal for the token is the MACD crossover. Since June 21, the MACD line has remained above the moving average as the price surged. However, the MACD line is now cutting below the moving average. That welcomes a bearish market.

If SAND fails to reignite a comeback, we expect the price to settle at $1.01 support. That will attract buyers if sentiment improves in crypto markets.

Concluding thoughts

Sandbox token SAND will remain bearish until the token finds support at $1. The recovery of the token will depend on whether crypto sentiment will improve after the FOMC statement. Currently, technical indicators support a lower price, with the next support at $1.

The post Bearish MACD crossover makes Sandbox token vulnerable to $1.0 appeared first on CoinJournal.

26. Juli 2022

Bitcoin falls below $21K amid reports SEC is probing Coinbase

Bitcoin price fell below $21,000 on Tuesday as the market sentiment turned sour on reports the US Securities and Exchange Commission (SEC) was investigating US-based cryptocurrency exchange Coinbase.

BTC has touched lows of $20,915 and with potential downside likely to push it to the key support line around $20K. Fresh selling could include pain beyond the psychological level.

SEC probing Coinbase spooks investors?

Coinbase had already come out against suggestions that it had listed crypto token securities on its platform when it first emerged following the SEC’s insider trading charges against the crypto platform’s former product manager.

But on Tuesday, it emerged that the SEC was indeed looking into whether Coinbase offered security tokens to US investors – with at least seven of nine alleged security tokens listed on Coinbase.

According to a Bloomberg report, the SEC’s investigation started way before the insider trading case. However, with regulatory scrutiny firmly on the crypto sector following recent events, the investor community is seemingly spooked on the potential impact of the SEC vs. Coinbase case if it comes to that.

Crypto market cap falls below $1 trillion

The downside in the BTC market was also mirrored across the altcoin market, with top altcoin Ethereum (ETH) declining by more than 8% to drop below $1,400.

The sell-off pressure, also seen across the equities market with US indexes opening lower amid investor jitters over recession ahead of the Federal Open Market Committee (FOMC) meeting.

The S&P 500 was down nearly 1% and the Nasdaq over 1.3% lower, while the crypto market total capitalisation has fallen below the $1 trillion mark.

The post Bitcoin falls below $21K amid reports SEC is probing Coinbase appeared first on CoinJournal.