Market Analysis – May 8 The US 30 index has demonstrated remarkable resilience as it shattered the resistance level of 38560.0, signifying a notable development in its price action. Throughout February and March, the US 30 retraced multiple times to the support zone around 38560.0, consolidating before resuming its upward trajectory. Eventually, the index surged […]
Read moreMarket Analysis – May 7 GBPUSD daily chart featured a Judas swing pattern that emerged in March, marking a notable market development. Preceding this, the market underwent a period of consolidation spanning from November to February. However, in a deceptive turn of events, the price broke out to the upside of this range, creating false […]
Read moreSellers oppose buyers again in AUDUSD market AUDUSD Price Analysis – 08 May Buyers may be able to drive AUDUSD up to roughly $0.66 or possibly $0.67 if they are persistent enough to break through the $0.65 barrier. The price may drop to the $0.62 and $0.61 support levels if sellers are successful in pushing […]
Read morePolkadot (DOT) Price Long-term Trend: BearishPolkadot’s (DOT) price rises above the 21-day SMA as it continues to fluctuate above $7.10. The altcoin has been trading in a range between the moving average lines and the $6.20 support. The 21-day SMA has not been broken since the April 13 price drop. On May 3, the bulls […]
Read moreBuyers’ pressure increase further in TRON market TRON Price Analysis – 08 May If the buying trend continues over $0.127, the price of TRON might be able to break through the $0.134 and $0.138 barriers. On the other hand, the price may fall to $0.117 and $0.114 if the declining trend continues below $0.120. Key […]
Read moreEthereum has not seen capital inflows matching the surge experienced by Bitcoin, highlighting a divergence in investor interest. Throughout the current cycle, there has been an increasing divergence in the performance of BTC and ETH. Glassnode’s analysis attributes this trend to a weaker pattern of capital rotation, especially when compared to past cycles and all-time […]
Read moreFTX, the embattled crypto exchange, has gathered more funds than needed to cover creditor repayments, according to a company statement. FTX submitted a revised Plan of Reorganization and Disclosure Statement to the bankruptcy court on May 7 as part of its ongoing case.The company has outlined a strategy to repay creditors between $14.5 billion and […]
Read moreChainlink (LINK) shows resilience amidst massive token transfers as trading volume surges. In a recent development, Whale Alert, a leading blockchain transaction monitoring platform, has reported a substantial movement of LINK tokens. A staggering 3.7 million LINK tokens, valued at over $53 million, were transferred between undisclosed wallets, sparking speculation within the crypto community. Over […]
Read moreMarket Analysis – May 8 In retrospect, the NAS100 index transitioned into a bullish trajectory back in November. This upward momentum was substantiated by the breach of short-term Moving Averages (Periods 30 and 50) and long-term Moving Averages (Periods 100 and 128). Throughout this period, the short-term Moving Averages acted as a steadfast support, guiding […]
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