Opinion & Analysis
The Bitcoin price teases a bearish breakdown from the support trendline of a rising wedge pattern. Data from CryptoQuant shows a major transfer of 31,968 BTC (worth over $3.78 billion) from long-term holders, sparking a risk of potential sell-side pressure. The macroeconomics data accentuate inflationary pressure on the U.S. market, reducing the possibility of an […]Continue Reading
Opinion & Analysis
The Ethereum price breaks out from a triangle pattern, signaling a 45-month accumulation zone. The current market momentum increases ETH’s price potential to challenge the all-time high resistance of $4,868. ETH futures open interest hits a new high of $35.5 billion, suggesting that investors are positioning themselves for significant price movements. The second-largest Continue Reading
Trading News
With an intraday jump of 3.5%, the Ethereum price gives a decisive breakout from the resistance trendline of a symmetrical triangle pattern. SharpLink Gaming, the online performance-based marketing company, has recently accumulated another 21,959 ETH to boost its total holding to 543,898 ETH (worth approximately $2.12 billion). Since last month, the crypto whales has Continue Reading
Opinion & Analysis
MEI Pharma, a Nasdaq-listed pharmaceutical company, has bought 929,548 Litecoin tokens to launch a $100 million institutional treasury strategy. A symmetrical triangle pattern drives the midterm sideways trend in Litecoin price. A potential reversal in LTC could seek pullback support at $105 to recuperate bullish momentum. Litecoin, the decentralized peer-to-peer Continue Reading