Market Analysis – August 21 Nasdaq 100 buyers show resilience at the 14541.30 key level. The buyers are demonstrating resilience at the 14541.30 market level after a prolonged bearish period. This week, the market opened with a bullish candlestick, indicating the potential for a shift in momentum. The buyers are aiming to regain control of […]
A supply shortage of Bitcoin looms as miners struggle with decreasing earnings. According to the data released by Glassnode, the total network fees paid to miners are now $21,256. This is the lowest amount attained in the past five months. 2. Miner’s Profitability: Miners need to evaluate their operations with reduced rewards. If the price […]
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Bulls’ pressure increases in the Sponge market SPONGEUSDT Price Analysis – 22 August In case the resistance level of $0.000136 does not hold, the Bulls may drive the Sponge up after the pullback to penetrate the $0.000196 level and aim $0.000330. The price may continue to consolidate if the previously indicated level holds. Key Levels: […]
Sellers are dominating S&P 500 market S&P 500 Price Analysis – 22 August The price may continue going in the direction of the support levels of $4364, $4276, and $4180 if the $4476 level is maintained. If the $4476 resistance level is breached, the price might rise to the $4631 resistance level and keep rising […]
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Sellers’ pressure may increase further on ADA market ADA Price Analysis – 22 August The price may fall to the $0.23 and $0.22 levels if sellers are successful in holding the price below the $0.24 support level. If the $0.26 resistance level is broken, the $0.29 and $0.31 resistance levels will be put to the […]
Chainlink crashes as investors keep pulling out of the market to mitigate their losses. The price of Chainlink declines along with other major altcoins in the cryptocurrency market. As of now, LINK has depreciated by about 16% in the last seven days. #Chainlink (#link) Price Drops: Is It a Buying Opportunity for Long-Term Investors? pic.twitter.com/2ddijthZVe […]
Shenzhen Shikongyun Technology, one of the biggest and most renowned Filecoin companies globally, has been charged by authorities for engaging in a pyramid scheme. When the company launched in 2020, its primary purpose was to provide decentralized file-sharing and storage services. #CryptoNews: A Chinese court is presently overseeing a case involving a Chinese #Filecoin […]
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Buyers’ momentum increases in Sponge market SPONGEUSDT Price Analysis – 21 August In case the $0.000136 resistance level fails to hold, the Bulls may propel the coin upward after a retreat to break over the $0.000196 levels and aim for $0.000330. The Sponge may remain in consolidation if the aforementioned level is held. Key Levels: […]
Buyers’ momentum may increase in EURUSD market EURUSD Price Analysis – 21 August In case sellers are successful in breaking through the $1.08 support level, the price could fall even more toward the $1.07 and $1.06 barrier levels. If buyers are successful in sustaining the price above the $1.09 barrier level, the price may rise […]
