Monero’s weekly drop of 11.3% pushed its market capitalization by 7.94%. A stronger dollar places pressure on Monero, bringing sellers.  Today’s idea is to place a buy stop 192 to target 197. The XMR/USD coin extended its previous bearish rally & drew some further offers around the 187.500 mark. The stronger U.S. dollar & unstable market pressure plays. Monero price forecast is bullish on Wednesday. However, the pair may not continue upward momentum for… Source link

Ethereum Ethereum fell by 1.76% on Tuesday. Following a 3.86% loss on Monday, Ethereum ended the day at $1,786.46. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,840.79 before hitting reverse. Falling short of the first major resistance level at $1,890, Ethereum slid to an early morning intraday low $1,720.16. Ethereum fell through the first major support level at $1,776 and the second major support level at $1,734. Finding support at the 62% FIB of $1,725,… Source link

Litecoin price is down nine consecutive days and -24% in July, while reaching a new correction low today.  Daily Relative Strength Index (RSI) is now the most oversold since March 2020, indicating a bounce could soon materialize. IntoTheBlock IOMAP metric presents no support for LTC down to $92.48.  Litecoin price has corrected 75% from the May high to today’s low of $104.02. Still, the current falling wedge pattern combined with oversold technical indicators, such… Source link

Bitcoin stabilized around $29,600 at press time Tuesday after breaking below the important $30,000 level on Monday. The world’s largest cryptocurrency has been in a downtrend trend since failing to hold an all-time high around $63,000 in April. Concerns about regulatory risks, less accommodative monetary policy and fading institutional demand have contributed to selling pressure over the past few months. Edward Moya, analyst at the foreign exchange brokerage firm Oanda, described… Source link

Ethereum tested a new low this month as it prepared to move past its crucial support level of $1744. This also meant it could see a price reversal after hitting a new low this month. As Bitcoin tanked by 5.4% over the last 24 hours, the altcoin market struggled to move out of the bearish zone. Monero’s charts flashed shorting opportunities along with further chances of price fluctuations while on the contrary, Uniswap noted some buy signals of its own. Ethereum [ETH] ETH/USD,… Source link

Text size Bitcoin prices were sliding on Tuesday. Dreamstime Bitcoin is again trading below $30,000 as another cryptocurrency company runs into regulatory trouble—the latest headwind to hit the digital-asset market. New Jersey’s Bureau of Securities issued a cease-and-desist order against BlockFi, a crypto trading and lending… Source link

Text size Bitcoin fell below $30,000 late on Monday for the first time in a month. Dreamstime Bitcoin fell below $30,000 late on Monday for the first time in a month, nearly erasing its entire 2021 gain. Around 9 a.m. it was trading at $29,750, down 3% over the past 24 hours. Ether, the second most valuable cryptocurrency, was also down… Source link

XMR coin chart shows a death crossover of the 50 and 200-day EMA in the daily time frame The XMR/BTC pair was trading at 0.006192 BTC with a loss of 1.63 % The current price of the XRM coin is $184.1, with an intraday loss of 2.48% The XMR coin shows a formation of a descending triangle pattern in the daily frame. The price is currently at the key support of this pattern and suggests another bounce from here with a bullish hammer candle.  This $180 support level is quite crucial for… Source link

Ethereum has been left reeling following a devastating sell-off that has seen it break the $1,875 level of support. It is now attempting to cling onto the $1,720 level which, to its credit, has provided bounces on three occasions over the past three weeks. If continuation to the downside is initiated, Ethereum would then confirm a four-month low with price targets beginning to emerge back down at $1,550 and $1,400. From a macro perspective, Ethereum has now confirmed a series of lower highs and… Source link

Litecoin (LTC) has been decreasing since May and has fallen below a long-term horizontal support level. There are no clear bullish signs present. However, LTC is potentially trading inside a descending wedge and could create a double bottom formation. Litecoin breaks down below long-term support Litecoin has been moving downwards since May 10, after it reached an all-time high price of $417. The downward movement continued until a low of $116 was reached on May 23.  While… Source link