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“# 2 key Ethereum price metrics back traders’ confidence in $3,800 ETH ” According to derivatives markets, Ether (ETH) traders are still confident that there is the chance formore upside even though the 23% correction on Sept. 7 took a hit on prices. Ethereum network congestion also peaked on Sept. 7 when the average transaction…
“# CryptoPunks floor price slips below 80 ETH as NFT trading volume deflates by 50% ” The minimum cost to buy a CryptoPunks nonfungible token (NFT) from secondary marketplaces dropped below 80 ETH on Tuesday. Larva Labs reported that the so-called “CryptoPunk 1417,” a pixelated avatar of one of 3840 women created by digital artists…
“# Tezos risks correction below record high with XTZ rallying 250% since July ” A recent price boom in the Tezos (XTZ) market risks exhaustion as it triggers a classic bearish pattern. Dubbed as Ascending Broadening Wedge, the pattern develops when the price oscillates between two upward but diverging trendlines. According to its creator Thomas…
“# Sell the news? ADA price drops 10% following Cardano’s long-awaited smart contracts rollout ” The price of Cardano (ADA) fell on Monday in line with the other top cryptocurrencies despite the completion of its hard fork upgrade dubbed “Alonzo,” which introduced smart contract functionality. The ADA/USD exchange rate dropped 10.67% to reach its intraday low of…
“# Bull flag breakout pushes Avalanche toward $80 as AVAX price hits another record high ” Avalanche (AVAX) looks poised to hit $80 as per a classic technical pattern after hitting a new high of over $65 on Sept. 12. Dubbed as “Bull Flag,” the structure emerges as a brief sideways/downward trend following a strong…
“# Solana rally mimicking Ethereum? Why a $500 SOL price target could be ‘conservative’ ” A high-flying Solana (SOL) refused to land even in the face of a brutal sell-off in the cryptocurrency market on Tuesday. Two days later, the price of SOL rebounded to another new all-time high. The SOL/USD exchange rate averted a…
“# LINK price locks in 36% gains following Ethereum layer-2’s Chainlink integration ” Chainlink (LINK) emerged as one of the best cryptocurrency performers on Sep. 6 as it jumped 8.25% against the U.S. dollar. In detail, the LINK/USD exchange rate reached $36.35 for the first time since May 20, months after bottoming out near $13.45,…
“# Solana extends rally with another new high — Why is SOL price up by 70% in one week? ” Solana (SOL) started Friday at a new record high as investors continued to bet positively on its success in the decentralized finance (DeFi) and nonfungible tokens (NFT) sector. The SOL/USD exchange rate reached $146.28 for…
“# Ethereum price breaks $3,500 and hits 3-month highs against Bitcoin ” Ethereum’s native asset, Ether (ETH), has extended its rally on Wednesday to log multi-month highs against Bitcoin (BTC) and the United States dollar. The ETH/BTC exchange rate rose 3.13% to hit 0.07475 for the first time since June 9. Meanwhile, bids for ETH/USD…
“# Ethereum price poised for 40% rally vs. Bitcoin after breaking out of four-month range ” Ethereum’s native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, Bitcoin (BTC), per a classic technical pattern. Dubbed a “symmetrical triangle,” the structure develops after the price forms a series of…