Ethereum Breaks Crucial Resistance, Technical Suggest More Upsides Above $400

Ethereum is up over 5% and it broke the key $370 and $380 resistance levels against the US Dollar. ETH price could continue to rise towards $400 or $420 as long as it is above $370. ETH price is gaining momentum above the $360 and $370 resistance levels against the US Dollar. The price is now trading nicely above $375 and the 100 simple moving average (4-hours). There is a crucial rising channel forming with support near $350 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair…

Bitcoin Reclaims Crucial Technical Support as “Smart Money” Flips Long

Bitcoin is showing some intense signs of strength today, with the cryptocurrency’s price rallying towards its recent highs of $10,500 while the aggregated market also sees some strong momentum. Because BTC has yet to break above $10,500, its near-term outlook still remains somewhat unclear. However, a continuous show of strength could be enough to boost it higher, with a firm break above this level potentially sending it rocketing significantly higher in the days and weeks ahead. Ethereum’s ongoing break above $380 may also create a tailwind that helps lift the…

Ripple (XRP) Just Saw A Key Technical Breakout: Relief Rally Underway

Ripple started a steady recovery wave, following bitcoin’s upward move and ethereum’s rally against the US Dollar. XRP price is likely to revisit $0.2575 or $0.2620 in the near term. Ripple is up 4% and it is trading above the $0.2350 and $0.2440 resistance levels against the US dollar. The price is showing positive signs above the $0.2450 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $0.2360 on the hourly chart of the XRP/USD pair (data source…

This Simple Technical Pattern Could Resend Ethereum Above $350

Ethereum is struggling to gain momentum above $340 and $350 against the US Dollar. ETH price could start a strong increase if it clears the 100 hourly SMA at $350. Ethereum is facing an uphill task near the $340 and $350 resistance levels. The price is trading in a range above $320 and below the 100 hourly simple moving average. There is a key declining channel forming with resistance near $340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could clear the 100 hourly SMA and…

Ripple (XRP) Price is About to See “Liftoff”, As Key Technical Breakout Emerges

Ripple seems to be forming a strong support near $0.2295 against the US Dollar. XRP price is showing breakout signs and it could start a significant recovery wave above $0.2450. Ripple is up 2% and it cleared a major technical breakout pattern against the US dollar. The price seems to be forming a decent support base near the $0.2300 and $0.2295 levels. There was a break above a crucial bearish trend line with resistance near $0.2380 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair…

Ethereum Just Saw A Key Technical Breakout: Big Reaction From Bulls Imminent

Ethereum is up over 2% and it broke the main $400 resistance against the US Dollar. ETH price is likely to accelerate higher once it clears the $408 resistance zone. ETH price is back in a positive zone above the $400 and $402 resistance levels against the US Dollar. There is a strong support forming near $395 and the 100 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $395 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair…

Polkadot (DOT) Flashes Technical Strength, but Analysts Fear Slowing Momentum

Polkadot (DOT) has become a rising star within the crypto industry, with its price seeing significant upwards momentum as the blockchain incurs growing utility. Its massive surge seen throughout the past few weeks has allowed it to climb the ranks with regards to market cap, with it now being the tenth largest cryptocurrency – falling just behind Bitcoin SV and Cardano. Analysts are now noting that DOT still appears to be incredibly strong from a technical perspective, with it currently forming a strong base of support that could allow it…

Chainlink Breaks Below Crucial Technical Pattern as Analysts Eye Downside

Chainlink has expressed some signs of overt weakness throughout the past few hours, with its price reeling down towards its bedrock support at $14.00. This sharp downturn has come about as the entire crypto market shows some signs of weakness, which may be, in part, rooted in Ethereum’s plunge towards $400. ETH’s price action has had growing influence over that of most altcoins in recent weeks, even swaying that seen by Bitcoin on occasion. Because ETH plunged from overnight highs of $420 to lows of $400, this appears to have…

Compound (COMP) Could Rally 25%+ as Analysts Eye Technical Strength

Compound’s price has been caught within an intense consolidation phase throughout the past week, with COMP oscillating primarily between $190 and $220. The cryptocurrency has been struggling to garner any clear momentum, with the crypto’s intense upswing seen earlier this month starting to show some signs of faltering. Despite this, analysts remain confident that COMP is well-positioned to see further upside, with analysts noting that a break above $217 could be enough to spark an intense rally up towards its highs. This potential rally comes as the crypto’s technical outlook…

Yam Suffers Technical Outage Following Scam Accusations

Yam finance (YAM), the latest fad in the crypto space, recently warned the public of a technical bug affecting the ecosystem.  “We have found a bug in the rebasing contract,” the project said in an Aug. 12 tweet. “All funds in staking contract are safe, as this is an unrelated part of the protocol,” the project added, also noting participants’ Yam token holdings remain unaltered.  As the decentralized finance, or DeFi, crypto boom continues, something called yield farming has come into the spotlight. Yield farming is essentially the latest passive income…