Crypto lender Celsius said on Monday it is “pausing” its Twitter and Reddit spaces to focus on its debt restructuring, as withdrawals remain suspended. The lender said in a blog post that it is in open dialogue with regulators and officials over when it could possibly resume withdrawals. On that front, it said the “process
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The content creation ecosystem has seen unprecedented growth in recent times. According to analysts, this growth is a result of the onslaught of the Covid-19 pandemic as well as the ensuing lockdown. Also, content creators have to rely on centralized platforms to monetize their content. NFTs, however, introduce a more effective and sustainable way for […]
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The world’s largest cryptocurrency Bitcoin witnessed another major weekend of a bloodbath as the BTC price took a dive under $18,000 for the first time. There have been major liquidations taking place with long-term Bitcoin holders dropping the towel and giving up. As per on-chain data Glassnode, there have been Bitcoin liquidations to the tune
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SBF also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius, noting that “this is definitely false. We want to help those we can in the ecosystem, and have no interest in hurting them.”
Ripple price started a fresh decline from the $0.4000 zone against the US dollar. The price is now trading below $0.35 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3200 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could…
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Ethereum dived towards the $880 support against the US Dollar. ETH is recovering and eyeing an upside break above the $1,150 resistance zone. Ethereum started a decent recovery wave from the $880 support zone. The price is now trading above $1,000 and the 100 hourly simple moving average. There was a break above a major […]
Ethereum dived towards the $880 support against the US Dollar. ETH is recovering and eyeing an upside break above the $1,150 resistance zone. Ethereum started a decent recovery wave from the $880 support zone. The price is now trading above $1,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the key $1,150 resistance zone. Ethereum Price Faces Hurdles Ethereum remained in a bearish zone below the $1,050 level. ETH extended losses and traded below the $1,000 support. There was a sharp decline below the $950 level. The price tested the $880 support before the bulls appeared. A low was formed near $880 and the price started a decent increase. There was a move above the $950 and $960 resistance levels. Ether cleared the 50% Fib retracement level of the downward move from the $1,256 swing high to $880 low. Besides, there was a break above a major bearish trend line with resistance near $980 on the hourly chart of ETH/USD. The pair even climbed above the $1,100 level. However, the bears appeared near the $1,150 resistance. Ether failed to clear the 76.4% Fib retracement level of the downward move from the $1,256 swing high to $880 low. The price is now consolidating near the $1,080 level and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,100 level. The next major resistance is near the $1,150 zone. A clear move above the $1,150 resistance zone may perhaps start a decent upward move. The next major resistance is near the $1,255 level. Any more gains could start a move towards the $1,320 resistance. Fresh Decline in ETH? If ethereum fails to rise above the $1,150 resistance, it could start a fresh decline. An initial support on the downside is near the $1,040 zone. The next major support is near the $1,000 zone. A clear move and break below the $1,000 zone could start a major decline. In the stated case, the price could revisit the $880 support zone in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,000 Major Resistance Level – $1,150
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Recently, Solend , a lending platform of Solana , initiated a governance proposal ” SLND1 ” to temporarily take over the account because a giant whale account has not repaid a huge amount of loans, which caused the liquidation crisis in the unstable market situation. The balance point with property ownership caused controversy in the […]
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