Shiba Inu (SHIB) has lost a huge chunk of its dominance among the top 1,000 Ethereum whales. This downtrend became more pronounced after the meme coin dropped by over 12% due to a local reversal. As the GameFi industry overtakes the crypto industry in bullishness, some analysts opine that meme coins, like Shiba Inu, have […]
BNBUSD Price Analysis – December 03 In case the resistance level of $678 is penetrated upside, the price may soar to $758 which may extend to $850. Should the resistance level of $678 is defended by the bears, the price may reverse and continue a bearish movement towards the support levels of $599, $540 and […]
The United States Securities and Exchange Commission (SEC) has reiterated its disapproval of spot Bitcoin ETFs after rejecting another listing request from WisdomTree. The regulatory watchdog threw out a proposed rule change from the CBOE BZX Exchange to list shares of the spot Bitcoin Trust by WisdomTree. The SEC explained that it rejected the ETF […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold (XAUUSD) is in a downward move as price breaks below the moving averages. Further downward moves are expected as price breaks below the moving averages. Gold has fallen to the low of level $1762 which is the previous […]
In his hearing before the Senate Banking Committee on Tuesday, Jerome Powell, who has been nominated for a second term as Fed chairman, surprisingly addressed the need for a faster taper of asset purchases, as transitory inflation is now perceived as something more enduring. The dollar’s reaction, which hardly profited on the headlines, was even […]
AUDUSD Price Analysis – December 2 In recent activity, the AUDUSD fell below the 0.7100 barriers and is currently trading 0.16 percent down on the day, pressured down by positive US data. The Fed Chair Jerome Powell’s optimistic view of the economy and statement that the bank should press on with policy tightening in face […]
A decentralized autonomous organization (DAO) is an organization represented by guidelines encoded on a computer program, and is controlled by members of the organization and secure from external influence. In an investment-focused DAO, several investors pool funds towards a unanimous investment goal. The goal could include investing in startups, organizing grants, or purchasing NFTs. With […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishDogecoin’s (DOGE) price is in a downward move but the selling pressure has reached bearish exhaustion. The cryptocurrency fell to the low of $0.19 as bulls bought the dips. The $0.19 support is crucial because it is the historical price level of […]
USDJPY Price Analysis – December 2 USDJPY market plans to set up below the consolidation level of 112.690 zones as a result of sellers’ persistence in the market. The bears plan to set up the movement of the price in a bearish order flow in the market. Furthermore, the sellers are willing to cause a […]
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