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Solana (SOL) Price Analysis: Gains Possible Above $24

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• Solana (SOL) price started a decent increase above the $21.50 resistance against the US Dollar.
• There is a major bullish trend line forming with support near $22.30 on the 4-hours chart of the SOL/USD pair.
• The pair must clear $24.00 and $25.00 to continue higher in the near term.

Solana (SOL) Price Analysis

Solana price is trading above $22 against the US Dollar, similar to bitcoin. SOL could start a strong increase if it clears the $24 resistance.

Key Support Levels

The key support levels for Solana are at $22.30 and $21.40.

Key Resistance Levels

The key resistance levels are at $24,00, 25,00, and 26,80 respectively.

Trend Line Formation

There is a major bullish trend line forming with support near $22.30 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). This trend line indicates that there may be more gains possible if it crosses above this level and breaks out of current resistance area at 24$.

Conclusion

Overall, Solana must clear both resistances at 24$ and 25$ in order to continue its upward trajectory in the near future..

TRON (TRX) Price Soars Above $0.065 as Bullish Trend Forms

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• Tron price started a fresh increase from the $0.055 level against the US Dollar.
• TRX price is now trading above $0.06 and the 55 simple moving average (4-hours).
• There was a break above a major bearish trend line with resistance near $0.066 on the 4-hours chart (data feed via Kraken).

Tron Price Analysis

Tron price started a fresh increase from the $0.055 level against the US Dollar, similar bitcoin. TRX price could rise further if it clears the $0.070 resistance. In the past few sessions, tron price started a decent increase from the $0.055 support zone against the US Dollar and traded above both $0.060 and $0.0620 resistance levels, moving into a positive zone. There was also a break above a major bearish trend line with resistance near $0.066 on the 4-hours chart which pushed prices higher to current levels of trading above both $0.06 and 55 simple moving average (4-hours).

Resistance Levels Reached

The pair has now reached key resistances at $0.0700 level and any more gains might send trx price towards its next target at around 0$0720 mark where traders need to be watchful as this could pave way for further gains or trigger reversals in prices back down towards lower levels again depending on market conditions at that time . On downside, an initial support is near the 0$0660 level or broken trend line zone with next major support forming near 0$0640 mark and 55 simple moving average (4 hours). Any more losses might call for move towards 0$0550 support zone in short term so traders should keep an eye out for this potential reversal too .

Technical Indicators

The MACD for TRX/USD is now gaining momentum in bullish zone while RSI is currently hovering around 50 mark indicating that bulls are still in control of market sentiment but need to hold their ground to avoid any sudden dips or swings back down again .

Conclusion

Overall, Tron price is now trading above 0$062 and 55 simple moving average (4 hours) and could continue to move up if it breaks 0$070 resistance zone . On downside , any dips would likely find strong supports at 0$0660, 0$0640 & 55 SMA(4 hrs) zones before finally testing long term buying area of 0$0550 so traders should keep an eye out for these levels before placing any entries .

Biden Accused of Using Obama-Era Program to Ban Crypto

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• Biden’s associates have been accused of trying to ban crypto through an Obama-era initiative known as Operation Choke Point 2.0.
• Biden has been a hypocrite regarding crypto, collecting money from companies and then looking to impose regulations when the firm collapses.
• The U.S. government is attempting to cut off crypto businesses from banking services, which could leave exchanges unable to access the banking system entirely.

Biden Accused of Trying to Ban Crypto

President Biden and his administration are being accused of using an Obama-era program called Operation Choke Point 2.0 in order to ban cryptocurrency (crypto). This plan was designed with the intention of cutting off any “undesirable” industries from accessing banking services, which includes crypto, since it is currently not regulated by the federal government.

Biden’s Hypocrisy Surrounding BTC

Biden has been contradictory in his views on cryptocurrency since his campaign began, having accepted donations from companies like Sam Bankman-Fried and FTX while at the same time suggesting that regulation should be imposed when these firms collapsed without offering reparations for stolen funds back to their customers. Nic Carter – a partner at Castle Island Ventures – has spoken out against this hypocrisy and believes that these actions are similar to those taken during Obama’s term as president under Operation Choke Point 2.0 initiative. Carter also criticized The Federal Reserve’s decision to deny Custodia – a crypto bank – a seat at its table and expressed doubt that other monetary service companies such as Protego and Paxos will be granted permission either.

U.S Government Cracking Down on Crypto Industry

Carter stated plainly that the U..S government is using the banking sector organize a widespread crackdown against cryptocurrency businesses in order to prevent them from accessing banking services completely, which would include exchanges being unable to utilize the banking system too. Marcus Sotiriou – a market analyst at digital asset broker Global Block – shared his worry that such an action would put America at risk of losing out on technology advancements while allowing enemies of the nation gain competitive advantages over it in regards to blockchain technology revolution.

Consequences Of Banning Crypto

If President Biden’s associates were successful with their plans for banning crypto through Operation Choke Point 2.0, then it would likely have serious consequences for both individuals and businesses within America who rely on cryptocurrency investments or transactions for their livelihoods or wealth management strategies; this could mean complete loss of access to financial services due banks refusing business dealings with them as well as no chance for legal recourse if these decisions prove damaging for any parties involved in disputes regarding cryptocurrencies or projects related thereto .

Conclusion

It is yet unclear whether President Biden’s associates will succeed with their efforts in banning cryptocurrency through Operation Choke Point 2

Litecoin Price Breaks $94: More Gains Possible Above $100

Reading time:

• Litecoin (LTC) price started a steady increase above $92 against the US Dollar.
• There was a break above a key bearish trend line with resistance at $94 on the 4-hours chart of the LTC/USD pair.
• The pair could gain bullish momentum if it clears the $98 and $100 resistance levels.

Litecoin Price Analysis

Litecoin price has started a steady increase above $92 against the US Dollar. On the 4-hours chart of the LTC/USD pair, there was a break above a key bearish trend line with resistance at $94. This suggests that the pair could gain bullish momentum if it clears the $98 and $100 resistance levels.

Key Resistance Levels

On the upside, Litecoin is facing resistance near the $98 level which is close to the 50% Fib retracement level of its downward move from its swing high at $106 to its low at $90. The next major resistance sits near the $105 level. If there are any more gains, it may push Litecoin’s price towards to its peak of around$112 levels.

Key Support Levels

On the downside, an initial support for Litecoin is near its current value of around$94 and then again aroundthe 55 simple moving average (4-hours). The next major support for Litecoin sits nearthe$90 level and if there is a downside break below this level then it may cause accelerated losses towardsthe$85 mark in no time.

Technical Indicators

The MACD for LTC/USD is now gaining pace in bullish zone while Relative Strength Index (RSI) is currentlyabovethe 50level indicating positive sentiment in market sentiment towards Litecoin’s future growth prospects.

Conclusion

Overall, if Litecoin manages to clear out both its immediate resistances at$98 and thenat$100levels, then we may see some further gains going forward but if it fails to do so then we might see some corrective pullbacks in coming sessions ahead as well as sideways trading action before any meaningful upswing occurs again in prices of litecoins against US Dollars

Conflux Price Soars 366% Following China Telecom Deal: Get Ready for the Metaverse!

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• Conflux Network has recently announced that it is partnering with China Telecom to create a blockchain-enabled SIM card (BSIM).
• The new card will be the largest blockchain hardware product globally, opening up access to Web3 and the Metaverse.
• The BSIM card will manage and store a user’s blockchain private keys and digital assets, acting as a safer entrance to the Metaverse.

Conflux Price Explodes 366% Following China Telecom Deal

The Conflux price has been on an upward trend since it announced its partnership with Chinese mobile network operator China Telecom. The token’s price has risen by 366% over the past 6 days and 25% in the last 24 hours, while its 24-hour trading volume has increased by 108% to $538 million. With a live market cap of $445 million, the Conflux token is currently ranked at #94 according to CoinMarketCap.

China Telecom Partnership

The recent uptrend in the Conflux price can be attributed to its deal with China Telecom, which plans to build “blockchain-enabled SIM” (BSIM) cards on the proof-of-work (PoW)/Proof-of-stake (PoS) hybrid blockchain. This would make Conflux Network the only crypto company operating with approval from the Chinese government after they put a blanket ban on all crypto products back in 2021.

Features of BSIM Card

The BSIM card will use Conflux’s Tree-graph, dual PoS and PoW technology and manage and store users’ public and private keys in the card. It will also carry out digital signature operations for secure transactions within Web3 platforms such as blockchains. By doing so, it lowers barriers for entry into this space for users worldwide by providing a safe and compliant entrance into the Metaverse. The pilot program for this project is set to launch later this year in Hong Kong.

Impact of New Card

This new collaboration between Conflux Network and China Telecom could have far reaching implications for both companies involved as well as users who may benefit from access to Web3 platforms like blockchains through this new card offering. As more people gain access to these platforms, there could be greater adoption of blockchain technology both within China and beyond its borders – leading potentially even more widespread use of cryptocurrencies such as CFX itself down the line.

Conclusion

The recent surge in Conflux’s price appears to be directly related to its partnership with China Telecom – one that could help open up access not only within China but around world – thus bringing about wider adoption of cryptocurrencies like CFX itself down the line..

Bitcoin Consolidates Above $21.7K: Is a Bullish Breakout On the Way?

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• Bitcoin is trading above the $21,700 support.
• The Relative Strength Index level 47 for period 14 remained constant the previous day.
• A defect in the Bitcoin logo on its original artwork was found after 12 years of existence.

Bitcoin Price Consolidates Above $21.7K

The BTC price has been stable above the $21,700 support for a potential gain. Doji candlesticks show a lack of consensus amongst buyers and sellers over the market’s direction and currently, Bitcoin is pinned between the moving average lines. The rising movement of the crypto depends on breaking through the 21-day line SMA and if Bitcoin breaches this barrier at $23,000, a bullish trend will resume.

Relative Strength Index Level Remains Constant

The Relative Strength Index (RSI) level 47 for period 14 remained constant at yesterday’s close. This indicates that selling pressure has reached bearish exhaustion and Bitcoin is now range-bound between the moving average lines until it breaks out of this range with a push to either side.

Defect Found in Original Bitcoin Logo Artwork

After 12 years since its inception, investors have zoomed in to find a little orange line from the background into white-colored space within the original artwork representing Bitcoin logo. It serves as an important reminder that many people had played their part in making Satoshi Nakamoto’s idea turn into reality such as miners, developers, designers, holders and investors who contributed to it without expecting anything in return.

Future Predictions for BTC Price

If price moves back below 50-day SMA then decline will restart and eventually surpass psychological price threshold at $20,000 mark. On contrary if BTC breaches barrier at $23K or 21-day line SMA then bullish trend will resume again pushing prices higher from current levels with targets set at $50K, 55K & 60K marks as resistance levels respectively while 25K 20K & 15K marks act as support levels respectively ahead of future price action movements for BTC prices today & beyond February 12th 2023 dateline..

Conclusion

Bitcoin is currently trading above its key support level of $21k with RSI level remaining constant indicating bears reaching exhaustion soon enough before bulls take charge pushing prices once again higher towards upper resistance levels near 50k while any downside break below current supports could see prices tanking down towards lower supports near 15k mark before next major upside rally can take place again giving investors opportunity to capitalize on both bull & bear runs alike with long term HODLers reaping maximum benefits over time frame ahead..

Binance to Pause US Dollar Bank Transfers: A Few Weeks Delay.

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• Binance is pausing all USD bank transfers from Wednesday the 8th of February.
• The pause is due to Signature Bank setting a $100,000 transfer minimum on SWIFT USD transactions.
• The suspension could last a few weeks as Binance establishes a new US banking partner.

Binance to Pause US Dollar Bank Transfers

Binance will temporarily pause USD transfers as it looks for a new US-based banking partner to process SWIFT transactions. All USD bank transfers will be paused starting Wednesday the 8th of February and may last a few weeks until Binance finds an adequate replacement.

Why the Pause?

The pause on USD transfers comes after Signature Bank informed Binance that they would be setting a $100,000 transfer minimum on SWIFT USD transactions to and from the platform as of 1st of February. This decision was made in order to decrease Signature Bank’s exposure to the digital asset market.

Impact on Customers

Affected customers are being notified directly by Binance about the temporary suspension, which only applies to 0.01% of its monthly active users using USD bank transfers. All other platform functions remain unaffected, including buying and selling crypto via credit card or debit card, Google Pay and Apple Pay, or through the Binance P2P marketplace.

Resolving Issue Quickly

Binance is working quickly to resolve this administrative issue and let customers know when they can resume their deposits and withdrawals with USD as soon as possible.

Conclusion

All balances and other platform functions remain unimpacted during this temporary suspension period while Binance finds a suitable US banking partner for processing SWIFT transactions with more favorable terms than before.

Security Breach: $1 Million in NFTs Stolen from CEO Kevin Rose’s Account

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• Proof NFTs, created by CEO Kevin Rose, were stolen from his Ethereum account that was valued at millions of dollars.
• 25 Chromie Squiggles and an Autoglyphs NFT by Larva Labs were taken off his account.
• Rose urged his 1.6 million followers to avoid buying any Squiggles until the stolen property can be flagged.

Proof, an NFT business created by CEO Kevin Rose, was recently the victim of a major theft. Rose’s Ethereum account was hacked and NFTs with a value of millions of dollars were stolen. According to Etherscan, 25 Chromie Squiggles and an Autoglyphs NFT by initial CryptoPunks producer Larva Labs were taken off his account on January 25th. These stolen items are estimated to be worth at least $1 million, with Chromie Squiggles having a floor price of 13.3 ETH, or around $20,715 each, and an Autoglyph valued at 315 ETH, or around $490,000.

Rose made sure to alert his 1.6 million Twitter followers to the theft, urging them to avoid buying any Squiggles until the stolen property can be flagged. He made it clear that buyers should wait until the issue is resolved to ensure that they are not purchasing stolen goods.

The theft has served as a reminder of the importance of security when it comes to NFTs. As the industry grows and more people become involved, it is essential that the proper measures are taken to protect the assets of all users. For example, Rose had a two-factor authentication system set up on his account and was still hacked, demonstrating the need for additional security measures.

Although this event is unfortunate, it is a reminder of the importance of taking the necessary precautions when dealing with NFTs. Security is of the utmost importance and it is essential that users take steps to protect their assets. This incident serves as a warning to all users of NFTs to make sure they have the proper precautions in place to protect their investments and avoid any future losses.

Bancor (BNT) Surges 5.91%, RSI Breaks 60-Level for Recovery

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– Bancor (BNT) is currently trading at $0.41, with a 5.91% increase in the last 24 hours.
– The BNT/USD market is showing signs of recovery as the technical indicator Relative Strength Index (14) crosses above the 60-level.
– The next resistance levels for BNT/USD are expected to be at $0.46, $0.48, and $0.50, while the next support level is likely to be at $0.38.

The cryptocurrency market is currently seeing a surge in activity, with the majority of digital assets showing signs of recovery. One such cryptocurrency that has been doing well is Bancor (BNT). Bancor is a decentralized liquidity network that connects users to the Ethereum blockchain and allows users to easily buy and sell digital assets. Over the past 24 hours, BNT has seen an impressive 5.91% increase and is currently trading at $0.41.

At the time of writing, Bancor is trading above both the 9-day and 21-day moving averages. The technical indicator Relative Strength Index (14) has also crossed the 60-level, indicating that the recovery is continuing. This is a positive sign for the BNT/USD market, as it suggests that the coin is on a steady uptrend.

Going forward, bull traders will be looking to break the next resistance levels of $0.46, $0.48, and $0.50. If successful, these levels could present a major opportunity for BNT/USD to continue its upward movement. On the other hand, if the bears take control of the market, the coin could find support at the $0.38 level.

Overall, the Bancor price prediction for the near future looks promising. With the current bullish momentum and the technical indicators crossing the 60-level, BNT/USD could be a good investment opportunity for traders looking to capitalize on the current market situation. However, it is important to keep in mind that the cryptocurrency markets can be highly volatile and that any investment should be made with caution.

XY Oracle (XYO) Price Soars 233% in 4 Days, Reaches Highest Level Since October

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1. XY Oracle (XYO) price made an explosive breakout beginning January 1, 2023, rising from $0.003 to the $0.01 range high on January 4, marking a 233% rise.
2. XYO price broke through the long-term resistance level of $0.007 in the early hours, surging 75%.
3. Since the year started, XYO price had increased 123%, a trend that had proven remarkably bullish.

The beginning of the new year saw a remarkable breakout in the price of XY Oracle (XYO) token. On January 1, 2023, the price of XYO started off at $0.003, and in a matter of days, it rose to the $0.01 range high on January 4, marking a 233% rise. This was an incredible feat, as the XY Oracle price had been consolidating for the longest time as bears and bulls battled for control.

On January 11, the price of XYO broke through the long-term resistance level of $0.007 in the early hours, surging 75%. This was a significant milestone for the token, as it had been trading in the $0.003 – $0.007 range for a long time. At the time of writing, XYO price is trading at $0.00695 after gaining 40% in the last 24 hours. The token is recording a 24-hour trading volume of $11.2 million and a live market cap of 92.4 million, which places it at #191 on CoinMarketCap.

Since the year started, XYO price had increased 123%, a trend that had proven remarkably bullish, especially during the first week of 2023 when it reached the highest point since October last year. This bullish streak has been noticed by many crypto investors, who have been celebrating the impressive start to the new year.

Overall, the XY Oracle price is showing promising signs that it could continue its growth trajectory in the coming months. With continued bullish momentum, the token could reach its all-time-high of $0.017, reaching a possible 144% surge in the process. This would be an incredibly positive development for the XYO community, and could serve as a sign that the token is set to make great strides in the near future.

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