Gold and Upcoming FED Rates Decision Gold prices took a hit as the US dollar gained strength in anticipation of the Federal Reserve’s upcoming decision on interest rates. Analysts expect The central bank to raise interest rates by 0.25% to manage inflationary pressures and keep the economy on a stable footing. Recent economic data has … Read more
ADA’s leading wallet investors have begun redistributing to selling their holdings. Cardano whales have trimmed their balances since the ETH killer soared past $0.38 on 21 January. Cardano’s price broke out of a multi-month downward trend, and the following bullish target suggests a 10% upswing. The ETH-rival and PoS blockchain platform Cardano has seen a … Read more
The British pound has been on a rollercoaster ride over the past week. The currency has seen heavy fluctuations in its exchange rate against the Japanese yen. As of now, the pound is sitting at 160 yen, but the possibility exists that it could see an increase shortly. Some experts predict the pound could reach … Read more
XRP lost 4% within the past 24 hours as bears ensured a rejection at $0.420. XRP price might dip to $0.365, according to the latest bearish signals. Upticks beyond $0.328 would cancel bearish trends in the remittance coin. Ripple (XRP) authorized last week’s bullishness as it breached the $0.420 mark. Meantime, that target zone is … Read more
Yesterday’s Market Outlook The initial two weeks of 2023 have seen the market adopting the stance it maintained during most of 2022’s fourth quarter. Meantime, the United States dollar re-launched its retreat as risk assets exhibit a bullish strength. That came after economic data and inflation confirmed further slowdowns. Nonetheless, the previous week saw mixed … Read more
Ethereum price presents a 37% YTD increase, nearly equal to Bitcoin’s. ETH’s upside might stretch toward $1,820, though a continued deterioration in the momentum metric would make this a top sign. Flipping $1,820 into reliable support and a higher high from the Relative Strength Index would see ETH canceling the bearish tale. Ethereum (ETH) has … Read more
Solana’s price experienced value declines as the alt dipped from around $24 to hover at $21 during this writing. SOL price still requires a 70% surge to regain its pre-November lump zones of $36. A revival beyond $28 will cancel the bearish narrative if corrections don’t dominate SOL’s price action. Solana saw its price action … Read more
A noteworthy week sees Bitcoin in a recovery mood, and the bellwether crypto even exceeded the $20K level. Moreover, the total cryptocurrency market capitalization surpassed $1 trillion. Let us dig out what the market had over the past seven days. Bitcoin (BTC) Bitcoin overcame a massive trendline on Sunday following seven 24hr green bars that … Read more
Polygon’s price rebounded at the support zone of $0.77. The alt is overpowering a descending channel. MATIC-BTC has formed a triple-top setup. Polygon’s price has authorized a vital longer-term region of $0.77 as support. The asset exhibits a bullish trend, provided it sustains beyond this barrier. 7 January reposts indicated that Polygon obtained a $3M … Read more
BTC stretched its surges past the $17.5K and $18K resistance marks. Bitcoin trades beyond $18K and the 100 1hr Simple Moving Average. The 1hr chart shows a notable bullish trend emerging with footing near $17.4K (Kraken stats). BTC/USD might continue uptrends toward the resistance of $19K. Bitcoin price continued its upside strides and climbed past … Read more
