Worldcoin co-founder Alex Blanias recent refusal to disclose the tokens distribution model has raised some eyebrows, including that of John Deaton, who has expressed his dismay at his action.

Something Fishy With Worldcoin?

A video surfaced on Twitter in which Alex Blania, during a recent Bankless interview alongside fellow co-founder Sam Altman, refused to respond to the hosts question on Worldcoins token distribution, citing the regulatory uncertainty in the US as why he couldnt answer the question. 

The Twitter user (@Pledditor) posted the video with the caption:

When a crypto founder refuses to answer questions about token distribution

In the video, the host asks Blania to explain the distribution of the WLD token and Blania is quoted as saying: Look, many of the details we cant talk about here for the regulatory uncertainty in the United States. 

The video quickly went viral and sparked controversy as to whether Worldcoin was just another ponzinomics or, indeed, Alex Blania was honest about why he couldnt answer the question. 

However, renowned crypto lawyer John Deaton, who represents some XRP holders, quickly reacted to the video in a tweet.

Deatons tweet read:

Wtf did this dude just say?  Did he literally say that he cant talk about how WorldCoin is distributed because of the regulatory uncertainty in the United States?  

If there was ever a signal to RUN AWAY as fast as you can from a project, HERE IT IS. Is he saying he cant tell you how to acquire it or what youre acquiring because he might get sued?  

Now that I think of it, is he being smart and just following legal advice or is he a moron.  

Deaton stated that Blanias action was enough reason for investors to run away from th...

The Latin American region faces high costs and challenges of traditional settlements, as people sending money to their close ones have to deal with high rates of transfer, and a portion of the population still remains unbanked.

However, in a recent development, the Bahamas payment company, Island Pay, is now incorporating cryptocurrency for remittance transactions to make it a smoother and cheaper process.

Island Pay is set to introduce crypto wallets that utilize the stablecoin USDC as the medium of exchange. The payment firm plans to roll out the CiNKO wallet in more than 30 countries.

The wallet which caters to users in the Caribbean and LATAM regions will enable individuals to conduct transactions with vendors, make payments to others (including those without bank accounts), and fund pre-paid cards.

Island Pay CEO Richard Douglas stated:

Our goal is to continuously look for ways to advance financial inclusion in the region and enhance financial experiences for both the unbanked and banked populations.

Related Reading: Will Bitcoin Rebound? This Metric May Be The One To Watch

Crypto Revolutionizes Remittance Landscape, Advancing Financial Inclusion

By integrating crypto for remittance, Island Pay demonstrates its commitment to fostering financial inclusion and enriching monetary experiences for both banked and unbanked individuals in the region.

The incorporation of this technology will lead to significant reductions in international money transfer fees. When receiving USDC stablecoins on CiNKO, users will not be charged. They may, however, encounter gas fees, depending on the blockchain network used for the transaction.

The demand for crypto transactions has surged due to the existing challenges in conventional remittance methods. According to the World Bank, the average cost of sending $200 can be as high as 6.2%. Additionally, these transactions often take several days to process through traditional financial intermediaries.

As pointed out in Circles recent report, the technology has the potential to slash the cost of sending money abroad by a substantial 80%. This report predicts that Blockchains capacity to enhance cost savings for financial institutions engaged in cross-border transactions will reach a market cap of $10 billion by the year 203...

Ripples sales in 2023 have caused mixed feelings for members of the Ripple community, with many considering it bullish for the network while others see it as detrimental to XRPs price action. 

What Has Happened With Ripples Sales?

Compared to 2022, Ripple sold 37% more XRP per month in 2023, and a recent tweet by Mr. Huber, an influencer in the XRP community, drew manys attention to this development. 

Ripple sold 2.22 billion XRP since 2023 started. Thats about 315 million per month. About 50% more than the usual 200 million in 2022. Now the crying is about to start. But I can reassure you. It is not XRP Tards who have bought these 2.2 billion XRP and XRP has outperformed anyway. No matter what you feel, Huber said.

It is important to mention that Mr. Huber initially made a mistake regarding the percentage increase in monthly sales from last year, which stands at 37% against the 50% he initially tweeted. He, however, quickly corrected it in a follow-up tweet.

Despite this, 37% remains a lot, and these figures will undoubtedly raise eyebrows about what is going on with Ripple and how XRPs price will react to these sales, whether it will bring about a massive rise in XRPs price or a steady decline. 

XRPs circulation does justice to these claims, as the number of XRPs in circulation has grown exponentially. XRPs circulating supply was 50.334 billion at the beginning of the year but now stands at 52.554 billion after Ripples sales and monthly escrow releases. That is an additional 2.2 billion XRPs put in circulation since January and a 4.4% increase, and the year is far from over. 

In 2021, Ripple sold 2 billion XRPs, amounting to 166 million XRPs being sold on an average monthly basis. In 2022, it sold 2.75 billion XRPs, an average of 230 million tokens sold monthly. 

In 2023, Ripple has sold 2.22 billion XRPs since the start of the year, amounting to an average of 315 million tokens sold monthly since January. That proves that Ripple has increased XRP sales massively since 2021.

What Does This Mean For Ripple And Its Community?

These figures could be both good and bad news for XRP and its community. On the positive side, it shows that there has been a greater demand for the token over the years, which signifies growth and wider adoption of the token. 

This demand may mainly be coming from institutional investors, which could undoubtedly expand the use cases of XRP beyond the cryptocurrency space. While on the negative side, having so much XRP in circulation without a deflationary mechanism could reduce the tokens value.

For now, XR...

The on-chain analytics firm Santiment suggests that this indicator may be the one to watch to get hints about when Bitcoin might rebound.

Large Stablecoin Holders Have Seen Stagnant Supply Recently

According to Santiment, the movements of the dolphins and sharks of the top stablecoins like Tether (USDT) and USD Coin (USDC) may be relevant for the price of Bitcoin.

Generally, investors make use of these fiat-tied tokens whenever they want to escape the volatility associated with other assets in the market, like BTC. Such investors, however, are likely to buy back into the volatile cryptocurrencies, as holders who are truly exiting the space do so through fiat.

When these investors feel that the prices are right to jump back into the other coins, they simply exchange their stablecoins for them. Naturally, this shift can act as buying pressure for the market they are moving into, and thus, provide a bullish boost to the assets price.

happening into Bitcoin and others right now, Santiment has looked at the data for the supply of the relatively large stablecoin investor groups.

More specifically, the combined holdings of the dolphins and sharks are of interest here. These holders generally hold between 10,000 and 100,000 BTC on their balances.

Now, here is a chart that shows how the supply of these investor cohorts has changed for USDT and USDC over the last few months:

As displayed in the above graph, the dolphins and sharks of the two largest stablecoins in the sector have seen their combined supply move mostly sideways during the last few weeks.

This means that these decently-sized investors havent been taking part in any sort of net conversions recently, whether it be swapping Bitcoin into stables, or exchanging their stables for other assets.

Interestingly, this sideways trend has continued during the last few days, despite the plunge to the low $29,000 levels that the cryptocurrency has observed in this period.

Currently, one of our key considerations revolves around whether this behavioral pattern will continue in the incom...

As the eagerly anticipated Federal Open Market Committee (FOMC) meeting approaches, the financial world is abuzz with speculation about the potential implications for Bitcoin and crypto. Tomorrow, on Wednesday, July 26th, at 2 pm EST, the FOMC will announce its interest rate decision. As usual, Federal Reserve (Fed) chair Jerome Powell will face the media at 2:30 pm EST.

According to the CME FedWatch tool, the majority of the market is expecting a 25 basis point increase (99.8%). However, the real intrigue lies in what comes after this move and whether it marks the end of the rate hike cycle.

After tomorrows decision, the market expects the Fed to keep the key interest rate high for a longer period of time. A first rate cut could come in March 2024 at the earliest, if not in May.

Tomorrow is #FOMC day, expect volatility. #Bitcoin #Crypto

98.9% probability of a 25 bps hike by the Fed.

Market expects the Fed to keep the key interest rate high for a longer period of time. A first rate cut could come in March 24 at the earliest, if not in May. pic.twitter.com/C8wscv6BMd

Jake Simmons (@realJakeSimmons) July 25, 2023

Implications For Bitcoin And Crypto

For the past 16 months, the U.S. Federal Reserve has been grappling with inflation while hiking interest rates to levels not seen in 20 years. But all signs point to a possible end of the tightening cycle. The market is firmly expecting the 0.25 bps hike to a range of 5.25 to 5.5% will be the last.

...

Cardano has leaped considerably in the realm of DeFi activities, particularly in terms of Total Value Locked (TVL), despite the somewhat lackluster performance of ADA itself. 

TVL refers to the total value of assets locked within various decentralized finance protocols and applications on the Cardano blockchain. An increasing TVL can have several positive implications for the Cardano ecosystem.

The significance of TVL lies in its reflection of the overall engagement and adoption of DeFi projects built on Cardano. A higher TVL indicates greater trust and confidence in these decentralized financial services.

It demonstrates that users are willing to lock their assets within the ecosystem, utilizing various DeFi protocols for lending, borrowing, staking, and other financial activities.

Cardano TVL Surges Amid Price Decline

ADA has experienced a recent decline in its price, with the latest data from Coingecko showing it currently stands at $0.305. Over the past 24 hours, the price has faced a modest 0.4% decline, and over the last seven days, it has decreased by a mere 0.3%. Despite these losses, there is a notable silver lining in the form of Cardanos TVL on the network.

The surge in Cardanos TVL by 28% in the last three months indicates a growing interest in the DeFi activities offered by the network. It reflects growing confidence among users willing to lock their assets in decentralized applications, such as lending platforms, decentralized exchanges, and liquidity pools.

This increased participation can foster the development of a vibrant and robust DeFi ecosystem on Cardano, offering users a wide range of financial services.

...

As the year 2023 continues to unfold, Bitcoins retreat below the pivotal $30,000 mark raises questions about the overall strength and stability of the cryptocurrency market.

Once, the crypto market held a significant lead over traditional stocks, according to Bloomberg. However, this advantage seems to be dwindling as Bitcoin a leading market indicator exhibits signs of struggle. The year-to-date rise of the top 100 digital tokens now stands at 46%, narrowing the gap with the 41% increase of the tech-driven Nasdaq 100 Index.

Technology stocks, particularly those influenced by artificial intelligence hype, have been rapidly gaining ground. This surge resulted in the Nasdaq 100 Index briefly surpassing the MVIS CryptoCompare Digital Assets 100 Index in June.

Impact of Regulatory Changes And Fed Decisions

Previously, the crypto market received a positive push from both regulatory efforts on digital assets that face a stumbling block in US court on digital assets and the hope that spot Bitcoin exchange-traded funds (ETFs) would be authorized in the US.  However, these boosting factors have waned.

Investors are now cautiously considering how the anticipated interest-rate hike by the Federal Reserve could impact both traditional and digital markets.

According to Caroline Mauron, co-founder of digital-asset derivatives liquidity provider OrBit Markets, the rally has lost momentum since the initial excitement sparked by the ETF news. There are no other visible catalysts on the horizon, she noted.

She also hinted at a potential silver lining, pointing out that the downside risk should be limited as the Fed is near the end of the current rate hiking cycle, which should support risk assets including crypto.

Bitcoin Chart Patterns Signal Warning Signs

Further cause for concern is seen in the various chart patterns that track Bitcoins performance. A key indicator, Bitcoins 20-week Bollinger bandwidth, has contracted...

Bitcoin whales are witnessing a historic exodus. @CryptoVizArt, a senior researcher at Glassnode has shed light on the significant shifts within the whale cohort in a new analysis.

Bitcoin Whales Impact: Unveiling The Numbers

In a remarkable revelation, the research highlights the substantial impact of whales on recent market activity. According to the data, 34% of sell pressure in the last 30 day was from Binance whales. These influential entities have been instrumental in shaping the recent market dynamics.

Moreover, the research also highlights a trend in whale behavior: a noteworthy decline in the total balance of whale entities on exchanges. In the last 30 days, the report states, Whale Flow to Exchanges witnessed the largest monthly balance decline in history, hitting -148,000 BTC/month. This dramatic decline marks a significant shift within the whale cohort, raising intriguing questions about their motives and strategies.

As the market witnessed the rally above $31,000, the influx of whale funds to exchanges surged remarkably. Glassnodes data reveals that whale inflow volumes reached an impressive +16,300 BTC/day, signifying their active involvement in recent market movements. Notably, this whale dominance accounted for 41% of all exchange inflows, which is comparable to both the LUNA crash (39%) and the failure of FTX (33%).

Throughout June and July, whale inflows have sustained an elevated inflow bias of between 4,000 to 6,500 BTC/day. Among all exchanges, Binance emerged as the primary destination for whale inflows. The report discloses that around 82% of whale-to-exchange flows were heading into Binance. In contrast, Coinbase accounted for 6.8%, and all other exchanges account for 11.2%.

While the overall balance of whales may have declined, @CryptoVizArts analysis points to intriguing internal dynamics within the whale cohort. As some whales increased their balances, others experienced declines. This phenomenon led the researcher to introduce the concept of Whale Reshuffling, suggesting that not all whales follow the same strategy.

The examination of the whale cohort over the last 30 days shows that whales with more than 100,000 BTC have recorded an increase of +6,000 BTC, whales with 10k-100k BTC have decreased their account balance by -49.0k BTC and whales with 1k-10k BTC have increased their account balance by +33.8k BTC. However, in aggregate, the whale group has seen just -8.7k BTC in net outflows.

...

As XDC, the digital token for XinFin Network, exhibits a powerful display of bullish momentum, the cryptocurrency market is humming enthusiastically. XDC has increased by an incredible 74% in just one week, impressing traders and investors with its massive rise.

The altcoins ascent over the past 30 days has been remarkable; it has seen a substantial 56% increase, solidifying its place as one of the markets most exciting digital assets. The altcoin has demonstrated its strength by trading at a startling 100% premium over its January opening.

XDCs price at the time of writing was $0.058, up 16.6% in the last 24 hours. At cryptocurrency market tracker Coingecko, the token continues to lead the list of the top 100 coins for the week.

XDC Dominates Weekly Rankings

XDC Network is a blockchain platform for businesses and developers who want to build decentralized apps (dApps) on an efficient and scalable blockchain infrastructure.

The platform is built on an enhanced Ethereum codebase and is compatible with the Ethereum Virtual Machine (EVM).

In order to attain the target price of $1, analysts predict that the value of the XDC token will increase by a factor of about 24. This suggests a big potential for growth and offers a chance for investors looking for significant returns.

XDC has previously shown significant price appreciation. From its lowest price of $0.050 in June 2021, the tokens value increased by slightly more than three times in just two months.

In August 2021, XDC reached its highest recorded price of $0.18 thanks to this outstanding performance. Such a sharp price increase demonstrates the tokens intrinsic volatility and ability to provide substantial returns in a short amount of time.

A total of 37,705,012,600 XDC coins are available, with a circulating supply of 13,851,401,350 and a market cap of $812 million for XDC.

Strong Price Performance

 

...

Dogecoin is gaining bullish momentum above the $0.075 resistance against the US Dollar. DOGE could extend its rally toward the $0.085 resistance zone.

• DOGE is currently trading in a bullish zone above $0.072 resistance against the US dollar.
• The price is trading well above the $0.075 zone and the 100 simple moving average (4 hours).
• There is a major bullish trend line forming with support near $0.0725 on the 4-hours chart of the DOGE/USD pair (data source from Kraken).
• The price is up nearly 10% and might extend its increase above $0.080.

Dogecoin Price Gains Strength

In the last Dogecoin price prediction, we discussed how DOGE could surge 10%. The price did form a base above the $0.0680 level and started a fresh rally.

The price cleared the $0.072 and $0.0725 resistance levels, outperforming Bitcoin and Ethereum. It is up over 10% and trading near the $0.0780 resistance. A high is formed near $0.0780 and the price is now consolidating gains.

DOGE is trading well above the $0.0725 zone and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.0725 on the 4-hours chart of the DOGE/USD pair. The pair is now trading above the 23.6% Fib retracement level of the recent rally from the $0.0695 swing low to the $0.0780 high.

Source: DOGEUSD on TradingView.com

On the upside, the price is facing resistance near the $0.0780 level. The first major resistance is near the $0.080 level. A close above the $0.080 resistance might send the price toward the $0.0820 resistance. The next major resistance is near $0.0832. Any more gains might send the price toward the $0.085 level.

Are Dips Limited in D...

Shiba Inu (SHIB) is the second largest meme coin and has a special feature compared to Dogecoin: token burns. Hardly any other topic is discussed more frequently in the SHIB community (besides Shibarium) and causes confusion in the process. Everywhere you can read: Billions of SHIB burned, this is what happens to the price.

But hardly anyone emphasizes that SHIB Burns basically have no significant impact on the price, at least not with the current volumes. Also, because the total circulating supply of SHIB of 589,346,914,631,298.1 SHIB is gigantic, large numbers can quickly create a mirage.

The SHIB burn tracker, the most popular service for monitoring SHIB burns, has stepped forward to address the misconceptions and shed light on the factors driving SHIBs price movements.

SHIB Burns X Shiba Inu Price

The expert emphasizes the essential role of demand and uniform investments in shaping SHIBs price, rather than relying solely on token burns. Burning a substantial number of tokens, while seemingly impactful, cannot significantly influence the price without continuous and substantial token purchases to match the current buying rate. As the analyst puts it, Burning 10 billion tokens in a week will not impact the price when there are far larger transfers being purchased daily and prices have just sustained.

The crux of SHIBs price dynamics lies in the fundamental economic principles of supply and demand. Token burning can contribute to scarcity and reduced supply, but it is demand that imparts value to the token. As the burn tracker aptly notes, A token can burn 90% of their supply, but if theres no demand for that token, then it holds no value. In other words, burning alone cannot enhance SHIBs value; rather, it is the surge in demand coupled with decreased supply that can positively influence its price.

The role of major holders, mainly centralized exchanges, also holds significance in the SHIB ecosystem. The tracker points out that the top 100 accounts (excluding the burn address) for $SHIB hold near 400T of the tokens supply. These major holders impact liquidity and accessibility for traders, influencing the tokens overall market behavior.

While acknowledging the potential impact of token burning, the tracker urges caution against overemphasizing it as the sole driver of SHIBs price success. Success should be evaluated holistically, and arbitrary price targets should not dictate a tokens journey. As the SHIB tracker suggests, A tokens success doesnt always mean reaching a specific price, like $0.01. Many have their own price goals. Instead, long-term growth and adoption, as well as continuous community interest and participatio...

As the crypto market gears up for one of its major network events, the Litecoin (LTC) halving, investors and analysts are peering into the crystal ball of market trends to try to predict the outcome. Slated for early August, the halving has attracted considerable attention from the cryptocurrency community.

However, predictions surrounding the event are veering off the usual path of price appreciation to include a potential coordinated sell-off. Particularly, Renowned on-chain analyst, Ali Charts, has introduced a novel perspective to the halving discourse, with his theory that the much-anticipated event could turn out to be a Sell the News event. 

#Litecoin | Each time the number of new $LTC addresses surpassed 350,000 in the last five years, a significant price correction followed.

More than 690,000 #LTC addresses were recently created, suggesting the upcoming #halving could be a sell the news event. pic.twitter.com/FBsokPgaYA

Ali (@ali_charts) July 23, 2023

Unusual Network Activity Sparks Sell-Off Theories

According to Ali, the idea of a Sell the News event stems from an observed increase in new Litecoin addresses created on the network. In recent times, over 690,000 new LTC addresses have emerged. This surge is significant because historically, a price correction tends to occur whenever the count of new Litecoin addresses crosses the 350,000 mark, as noted by Ali Charts.

...

XRP, riding on its latest price uptrend, achieved a momentous feat by surpassing BNB to claim the esteemed position of the fourth-largest cryptocurrency by market capitalization.

Encouraged by the recent non-security ruling following Ripple Labs arduous legal battle against the Securities and Exchange Commission, the value of XRP soared to new heights, and its popularity experienced a notable surge.

According to a recent tweet by LunarCrush, XRP proudly took the number one spot on the platforms trending list, cementing its growing appeal within the crypto community. Such widespread recognition undoubtedly contributed to XRPs recent success. 

But the question that now looms is whether this newfound popularity will be enough to sustain its position in the crypto market hierarchy.

Top ten current trending searches on https://t.co/Ye6Yvoh7kQ

1 $xrp 2 $pepe 3 $shib 4 $ftm 5 $btc 6 $inj 7 $matic 8 $lunr 9 $lunc $dydx pic.twitter.com/8n3kONT4Th

LunarCrush (@LunarCrush) July 22, 2023

Ripples Partial Win Sparks Enthusiasm But XRP Faces Decline

Following Ripples partial leg...

Since the summary judgment in the Ripple vs SEC case, XRP has captured the spotlight in the crypto market. Now the fourth-largest crypto by market capitalization, XRP, is currently experiencing a consolidation trend. However, this could just be the calm before the storm as both the activity of large investors aka whales and a developing bull flag pattern suggest.

XRP Whale Wallets Reach New Heights

According to an on-chain data analysis by Santiment, a leading market intelligence platform, the number of whale wallets holding a substantial 100 million or more XRP has witnessed a significant increase recently, now standing at an impressive 199. These whales, each commanding a minimum value of $74 million, have been closely observed over the past year, exhibiting strategic buying and selling patterns that impact XRPs price movements.

This recent surge in the number of whales is a noteworthy milestone, matching the highest figure recorded since May 13. The Santiment chart below shows in detail the distribution patterns of these whales over the past year. As of July 2022, when XRP was trading below $0.40, 200 whales were in accumulation mode. However, they sold when XRP exceeded $0.50 within three months.

Similarly, whales resumed accumulation between December and March 2023 when XRP was trading at $0.41. In April, a larger number of the whales sold their XRP again, bringing the number back below 200. Currently, the beginning of a new accumulation phase could be imminent, as Santiment shows.

Bull Flag Heralds New Rally

The recent meteoric rise in XRPs price following the Ripple vs. SEC summary judgment has led to the formation of a bullish chart pattern known as the bull flag. This pattern consists of two rallies separated by a brief period of consolidating retracement. The initial rally comes to a pause through profit-taking, leading to a tight trading range as buyers and sellers find equilibrium.

XRP investors have to keep a close eye on the crucial price le...

X, a little-known digital asset, has experienced an astronomical surge, rallying by more than 1,000% following Elon Musks revelation about a Twitter rebranding venture.

The obscure altcoin is linked to Project Xa decentralized NFT marketplace that operates across various blockchain networks. To ensure community-driven governance, the X DAO plays a crucial role, empowering users who have staked their X tokens to obtain the coveted veX governance token, granting them voting privileges within the platform.

Musks vision for X and its potential influence on the financial landscape is a driving force behind his decision to appoint Linda Yaccarino as the CEO of Twitter in May. The ultimate goal is to facilitate the transformation of Twitter into X, bringing the ambitious super app project to life and expanding its reach to a massive user base.

Twitter Rebrand Plan Boosts X Coin Price

Over the weekend, Musk took to Twitter to reveal his ambitious intentions, announcing the retirement of the distinct blue bird symbol that has long served as Twitters iconic logo.

The eccentric billionaire aimed to give the micro-blogging platform a fresh identity by changing its name to X.com. Little did he know that this seemingly unrelated move would significantly impact an obscure cryptocurrency.

Following Musks surprising announcement, the next few hours witnessed an unexpected reaction from the relatively unknown X token.

pic.twitter.com/IwcbqMnQtA

Elon Musk (@elonmusk) July 23, 2023

 Coingecko data revealed that the price of X skyrocketed to $0.00037534, experiencing an astounding 24-hour rally of 1,628.2%. Even more astonishing was its seven-day surge, reaching 1744.2%.

This unprecedented price action caught the crypto communitys attention, leading to speculation about the potential reasons behind the tokens sudden surge.

...

Dogecoin, the popular meme coin, is making waves once again. A recent tweet by renowned analyst Ali Martinez has made waves in the crypto community, hinting at the potential for a significant rally for DOGE.

In a Twitter post that quickly gained traction, Martinez highlighted an intriguing pattern on the monthly chart of Dogecoin. According to the analyst, the last time a descending triangle formed on the weekly chart, DOGE experienced a jaw-dropping pump of 23,200%. Now, as history could repeat itself, Martinez is keeping a close eye on a crucial resistance for confirmation. As the tweet states:

Dogecoin: The last time a descending triangle developed on the weekly chart DOGE pumped 23,200%. Ill be looking at a sustained monthly close above $0.80 for confirmation.

The journey for Dogecoin has been quite the rollercoaster ride. Back in January 2018, DOGE reached an all-time high of nearly $0.02, only to enter a prolonged phase of consolidation, forming the descending triangle over the next three years.

However, with the onset of the new bull market, catalyzed by Bitcoins momentum, DOGE finally managed to break out of its extended consolidation pattern, surging to a peak of $0.7588 on May 8.

Dogecoin Price Analysis 1D Chart

Taking a closer look at the 1-day chart, it becomes evident that Dogecoin is now facing a critical turning point. Will the price manage to reverse its trend, or will it succumb to a continuation of the downtrend after a short pause of bullish activity?

In the case of Dogecoin, the ascending triangle could signal a trend reversal. Since DOGE reached the local high of $0.1591 on November 01, 2022 as a result of the hype surrounding Elon Musks acquis...

Bitcoin Cash price started a downside correction and tested $230 against the US Dollar. BCH might aim a fresh rally toward the $280 and $300 levels.

• Bitcoin cash price is consolidating above the $230 level against the US Dollar.
• The price is trading below $255 and the 100 simple moving average (4 hours).
• There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the BCH/USD pair (data feed from Kraken).
• The pair is likely to accelerate higher if it clears $255 and $265.

Bitcoin Cash Price Prepares For The Next Move

After a strong rally, Bitcoin Cash price faced sellers near the $300 zone. BCH traded as high as $294 and started a downside correction, like Bitcoin and Ethereum. There was a move below the $280 pivot level.

The price even declined below $255 before the bulls appeared near $230. A low is formed near $232 and the price is now slowly moving higher. There was a break above a key bearish trend line with resistance near $242 on the 4-hour chart of the BCH/USD pair.

The pair cleared the 23.6% Fib retracement level of the downward move from the $294 high to the $232 low. Bitcoin Cash is now trading below $265 and the 100 simple moving average (4 hours).

Immediate resistance is near the $255 level. The next major resistance is near $265 or the 100 simple moving average (4 hours). It is close to the 50% Fib retracement level of the downward move from the $294 high to the $232 low.

Source: BCH/USD on TradingView.com

Any further gains could lead the price toward the $280 and $285 resistance levels in the near term. The next major hurdle is near the $300 level.

Dips Supported in BCH?

If Bitcoin Cash price fails to c...

Ethereum price is struggling to clear the $1,900 resistance against the US Dollar. ETH could gain bearish momentum if there is a close below $1,850.

• Ethereum is showing bearish signs below the $1,920 level.
• The price is trading below $1,900 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could decline steadily if the price remains below $1,900.

Ethereum Price Remains At Risk

Ethereums price made another attempt to settle above the $1,900 level. However, ETH failed to gain bullish momentum above the $1,900 resistance and started a fresh decline, similar to Bitcoin.

The price declined below the $1,885 and $1,875 levels. The bulls are now active above the $1,860 level. A low is formed near $1,863 and the price is now consolidating losses. There is also a key bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD.

Ether is trading below $1,900 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $1,885 level. It is close to the 50% Fib retracement level recent drop from the $1,903 swing high to the $1,863 low.

The first major resistance is near the $1,890 level or the 100-hourly Simple Moving Average. It is close to the 61.8% Fib retracement level recent drop from the $1,903 swing high to the $1,863 low.

Source: ETHUSD on TradingView.com

The next major resistance is near the $1,900 level and the trend line, above which the price could test the main resistance at $1,920. Any more gains could send Ether toward the $2,000 resistance in the near term.

More Losses in ETH?

If Ethereum fails to cle...

Bitcoin price is moving lower from the $30,350 level. BTC is showing bearish signs and might decline further toward the $29,650 and $29,500 support levels.

• Bitcoin is moving lower below the $30,000 pivot level.
• The price is trading below $30,000 and the 100 hourly Simple moving average.
• There is a key bullish trend line forming with support near $29,720 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could extend its decline below the $29,500 support zone.

Bitcoin Price Turns Red Again

Bitcoin price attempted a fresh increase above the $30,400 resistance zone. However, BTC struggled to settle clear the $30,350 level and started a fresh decline.

There was a bearish reaction below the $30,000 support zone and the 100 hourly Simple moving average. The price declined below the 61.8% Fib retracement level of the upward move from the $29,650 swing low to the $30,333 high.

Bitcoin is trading below $30,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $29,720 on the hourly chart of the BTC/USD pair.

Immediate resistance is near the $30,000 level and the 100 hourly Simple moving average. The first major resistance is near the $30,150 level. The next major resistance is near the $30,350 and $30,400 levels. A close above the $30,400 level might start a fresh increase.

Source: BTCUSD on TradingView.com

In the stated case, the price could rise toward the $30,850 level. Any more gains could open the doors for a move toward the $31,200 resistance zone.

Fresh Low in BTC?

If Bitcoin fails to clear the $30,000 resistance, it could continue to move down. Immediate support on the downside is near the $29,720 level...

MATIC, following a notable price pullback that briefly dipped to $0.53, has encountered a slowdown in its bullish momentum. Over the past 24 hours, the altcoin witnessed a decrease of around 1.5% in its value, with weekly losses amounting to 4.8%.

Currently, MATIC is hovering around a critical support level. This indicates that bears might dominate the upcoming trading sessions unless they move away from this support zone. To regain bullish traction, MATIC must sustain a price above the current support level.

If successful, the altcoin may attempt to rise again. However, to fully restore its bullish momentum, it will be essential for MATIC to trade above the $0.85 price mark, which has previously acted as significant resistance. The slight decline in MATICs market capitalization indicates a potential slowdown in buying strength on its daily chart.

MATIC Price Analysis: One-Day Chart

At the time of writing, MATIC was trading at $0.75, having experienced a sharp decline from its previous position at $0.90. Despite a recovery attempt, MATIC is currently trapped at a crucial support level.

The $0.75 price mark holds significant importance, as failure to sustain it could lead to a loss of buyer momentum, potentially pushing the price down to $0.65.

If the altcoin falls below $0.65, it may further drop to $0.60. For MATIC to reverse its downward trend in the upcoming trading sessions, it must successfully surpass the $0.80 level. Achieving this could propel MATIC towards the challenging resistance at $0.85, a historical price ceiling for the altcoin.

Technical Analysis

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