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  • Crypto market mixed as Bitcoin tests $93K, Ethereum and XRP hit major resistance

    Crypto market mixed as Bitcoin tests $93K, Ethereum and XRP hit major resistance

    Bitcoin Price Bearish

    • Bitcoin price rose to near $93,000 on Friday before sell-off pressure resumed.
    • Ethereum and XRP also climbed but faced key hurdles around $3,000 and $2.25.
    • Sentiment remains downbeat across the crypto market despite notable gains for a few top altcoins.

    The cryptocurrency market continued to witness a mixed outing on Friday, with Bitcoin retesting the $92,500 mark while Ethereum and XRP both broke to key resistance areas.

    While gains indicated renewed investor optimism amid broader economic uncertainties, the swift retreat to below $91k for BTC highlights the fragile market sentiment.

    Also, while Sky, Monero and Bitcoin Cash gained, Zcash, Dash and Aptos led the top losers in the leading 100 coins by market cap.

    Bitcoin breaks to highs near $93k

    Bitcoin’s price marked a decisive breach of the $92,500 resistance level by rising to near $93,000.

    On Friday, the benchmark asset hit highs of $92,969 across major exchanges. However, the level has proved a robust barrier that means the quest to break higher towards the psychological $100 mark continues to evade bulls.

    QCP Group analysts shared the short-term Bitcoin price outlook via an X post. They see mid-$90k levels as key supply wall zones, while major support remains in the $82k-$80k area.

    “Options markets show caution even as year-end BTC call open interest stays heavy. Skew, IV and sentiment have softened, reinforcing a rangebound profile. Supply likely caps moves toward mid-90Ks, while support sits near 80–82K, leaving macro catalysts firmly in control of direction.”

    Despite the dip to below $91k as of writing, BTC’s gains earlier in the day allowed layer-1 and layer-2 solutions on the Bitcoin network to post gains.

    As noted, BounceBit and Stacks were among the Bitcoin ecosystem tokens to see an uptick.

    But as prices have dipped again, rather than bounce higher, this latest move could be a dead cat bounce.

    ETH and XRP face resistance

    Like Bitcoin, Ethereum has struggled to sustain momentum. Recently, the top altcoin fell to lows of $2,600 after closing above $4,000 in late October. The breach of the $3,000 level threatened more pain for bulls.

    However, after testing the demand reload zone, the ETH price has jumped back to the resistance area above $3,000.

    That’s despite a 25% dip over the past month.

    While prices are nearly 9% up in the past week, ETH’s inability to break higher reflects broader altcoin fatigue. Bitcoin’s drop to $90,504 at the time of writing suggests a potential downward cascade for ETH.

    XRP has fared similarly, trading at $2.18 amid a 1.4% dip in the past 24 hours.

    The token faces formidable overhead resistance at $2.25 and at $2.50. Per market data, the latter marks a level at which bulls have struggled since the crash on Oct. 10,2025.

    The launch of spot XRP ETFs in recent days has failed to help bulls break higher.

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  • NEAR surges 24% as bulls break key resistance

    NEAR surges 24% as bulls break key resistance

    Bitcoin Soared Amid Wall Street Gains

    • NEAR price rose more than 20% to highs of $2.34.
    • The uptick comes amid gains for several altcoins despite ongoing crypto market weakness.
    • Bulls reclaiming the $2 mark could allow them to target $4.6 for a fresh 100% rally.

    NEAR Protocol’s native token has skyrocketed 24% in the past 24 hours, shattering a persistent resistance barrier and reigniting investor enthusiasm amid broader cryptocurrency volatility.

    NEAR currently trades at $2.27, slightly off the intraday high of $2.34 that marked its highest level since mid-October.

    Gains signal a potential shift in sentiment as multiple tokens eye bounce, including Tezos (XTZ).

    NEAR price today

    NEAR’s bullish performance has seen the token climb from lows of $1.83 to fresh highs of $2.34 in the past three days.

    Although the price is slightly off the intraday peak, market data shows aggressive buying.

    Per CoinMarketCap data, the token’s daily trading volume increased by over 300% to $753 million.

    It’s a significant show of conviction from bulls and the main metric behind the NEAR price breakout.

    Ostensibly, the move saw bulls decisively clear the $2.00 psychological resistance, allowing them to target fresh momentum.

    This outlook could gain additional tailwinds from parallel developments in the privacy sector.

    In particular, this is a market where Zcash (ZEC) has exploded nearly 700% in the past month, drawing renewed attention to shielded transactions and anonymous DeFi.

    Zcash’s resurgence is closely tied to NEAR’s innovative Intents protocol, a cross-chain coordination layer that simplifies complex swaps while preserving user privacy.

    Zcash’s official Zashi wallet has deepened its integration with NEAR Intents, enabling seamless on-ramps and off-ramps for shielded ZEC conversions from assets like BTC, SOL, and USDC.

    For NEAR, the linkage amplifies its appeal as the “blockchain for AI,” where Intents not only streamlines interoperability but also embeds privacy-by-design features.

    As Zcash’s shielded pool nears 30% of its supply, NEAR benefits from the spillover, with ecosystem projects like OceanPal committing $120 million to treasury-backed intents.

    Is NEAR price poised for a 100% bounce?

    The technical outlook for NEAR paints a decidedly bullish picture, with key indicators aligning for a possible 100% bounce from current levels toward $4.60.

    The Relative Strength Index (RSI) on the daily chart has surged to 51, hitting neutral territory after dipping into oversold readings of 28 on Nov. 4.

    Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has flipped positive, with the line crossing above the signal.

    This suggests a potential bullish divergence, similar to what preceded NEAR’s June-July rally from $1.97 to $3.12.

    Trading volume, already elevated, shows sustained spikes, averaging the breakout above $2.00 as genuine rather than a fleeting pump.

    A sustained hold above $2.30 could trigger a breakout.

    NEAR Chart
    NEAR price chart by TradingView

    However, downside risks remain as the price hovers near $2.00.

    If the confluence of current support fails, bears could push the token’s value well below the psychological mark.

    Nonetheless, as Zcash’s boom reflects demand for secure, intent-based DeFi, NEAR stands to benefit from traction.

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  • Bitcoin tests $116K resistance ahead of Fed decision; new token launches stir market

    Bitcoin tests $116K resistance ahead of Fed decision; new token launches stir market

    • Bitcoin stalls near $116K as Fed’s policy decision draws focus.
    • Major altcoins trade sideways amid low volumes and uncertainty.
    • Velora (VLR) and Project Merlin (MRLN) set to redefine DeFi ecosystems.

    Bitcoin is once again testing the nerves of crypto market participants as its price hovers near $1,16,000, battling a stubborn resistance just as the global spotlight turns to the US Federal Reserve’s mid-September policy meeting.

    In the early hours of September 16, Bitcoin traded at $1,15,200, trimming modest overnight gains amid lower trading volumes and a cautious risk mood.

    The benchmark cryptocurrency’s market cap stands at a robust $2.29 trillion, with 24-hour volumes just over $52 billion, evidence that, while enthusiasm has tempered, the appetite for digital gold remains very much alive.

    The shadow of the Fed’s upcoming decision has left broader markets listless, and crypto is no exception. Investors remain on high alert for clues around possible rate adjustments after a string of resilient US inflation data.

    Any shift in policy or surprise rhetoric could produce short, sharp moves across all risk assets, with Bitcoin particularly sensitive given its recent struggle to clear the $1,16,000 threshold.

    Bullish momentum still elusive

    Ethereum, the second-largest digital asset by market cap, followed suit, changing hands at $4,522.

    Ether has struggled to regain bullish momentum since its recent spike to $4,609 and is now trading in a narrow band with tepid demand from larger holders.

    Despite a record high in stablecoin activity on its chain last week, ETH appears tethered to macro narratives, quietly mirroring Bitcoin’s cautious trajectory.

    XRP, meanwhile, steadied at $2.99 after pulling back from recent local highs.

    Recent treasury movements from notable digital asset management firms have steadied sentiment but haven’t sparked breakout momentum, as regulatory debates around the token continue to play out in key jurisdictions.

    Solana is also in the spotlight, with its price down slightly to $233.67 following last week’s rally.

    The token, known for its fast and low-cost transaction capabilities, has seen volatility creep back in, as short-term traders wade in to capture swings on the back of the broader market’s uncertainty.

    Technical analysts note the next major support levels sit close to $220, underscoring the need for positive catalysts to maintain current valuations.

    Dogecoin, always the wildcard, is trading at $0.2677 after a 24-hour spell that saw the meme coin flirt with both $0.26 support and $0.28 resistance.

    While DOGE’s narrative is often ruled by social media and celebrity hype, the current environment has left even seasoned “shibes” trading cautiously, awaiting clearer signals from both the Fed and broader risk markets.

    With key resistance levels drawing closer across major coins, market eyes will remain glued to the outcome of the Fed meeting.

    Until then, expect crypto prices to oscillate around their current bands, with Bitcoin eyeing that crucial $1,16,000 break as the catalyst for renewed bullish conviction or yet another test of market resolve.

    New launches fuel crypto buzz

    Several major crypto launches and ecosystem upgrades are about to shake up the market, promising to unleash a new spark of trading action.

    On Tuesday, all eyes are on Velora (VLR) and Project Merlin (MRLN) as they make their much-anticipated debuts.

    Velora’s launch signals a push into the next generation of DeFi, with its $VLR token powering intent-based cross-chain trading and unlocking gasless staking and community rewards.

    Meanwhile, Project Merlin steps onto the scene offering an all-in-one Web3 ecosystem that connects blockchain entrepreneurs, communities, and investors, complete with a robust launchpad, crowdfunding, and freelance ecosystem, all tied together by the $MRLN token and launching with airdrops across major exchanges.

    These releases are more than just hype; they reflect how the industry is charging ahead with technical innovation and shifting toward tailored, ecosystem-first infrastructure.

    But it’s not just token launches grabbing investor attention. On the regulatory front, Hong Kong just locked in fresh banking capital guidelines for digital assets, set to take effect in January 2026.

    The big shift? Banks are facing a 1:1 capital provision for any exposure to “permissionless” blockchains.

    The move is expected to bolster confidence for institutional players looking for a safer entry into crypto markets.

    Added to that, Ripple is making headlines via a new partnership in Japan that brings its RLUSD stablecoin further into the nation’s payments rails, underscoring digital assets’ climb toward mainstream financial integration.

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  • BCH looks to break key resistance as Bitcoin Cash volume jumps 30%

    BCH looks to break key resistance as Bitcoin Cash volume jumps 30%

    Bitcoin Cash Price

    • Bitcoin Cash price is near $590 having touched highs above $604 in the past 24 hours.
    • While BCH is a mere 1% in 24 hours at the time of writing, it’s 18% higher in 30 days.
    • Bitcoin Cash could break above critical resistance and eye the $1,000 level.

    Bitcoin Cash (BCH) is not one of the flashy performers in the crypto market, with the coins’ 18% uptick in the past month small compared to peers in the top 100 cryptocurrencies by market cap.

    However, as Ethereum makes headlines as it approaches its all-time high, Bitcoin Cash is also hovering around a critical resistance level having tested the $600 level.

    This charge, fueled by a remarkable 30% surge in daily trading volume, could see BCH eye further gains towards the $1,000 mark. But what’s the technical outlook?

    Bitcoin Cash retests key price level

    The price of Bitcoin Cash is currently retesting a pivotal resistance zone, with its price hovering around the $600 mark.

    Over the past 24 hours, BCH has touched highs of $601 across major exchanges, and shows resilience with prices remaining above $590 and ticking to highs near the July peak of $604.

    BCH price chart by TradingView

    The jump to $600 represents a notable move for BCH, as this allows buyers to test the upper boundary of a sell wall that has previously seen bears emerge strongly.

    Notably, the 30% spike in trading volume speaks to the increased market activity, suggesting traders may be positioning for a potential breakout.

    What’s next for BCH price: Can bulls reclaim $1,000 in 2025?

    BCH price reached highs of $624 in December 2024 and last traded above $1,000 in 2021.

    Looking at the technical picture for Bitcoin Cash, the overall outlook is optimistic, with bulls setting their sights on flipping $600 into a robust support level.

    From here, a potential climb towards $1,000 is possible. In the short term, the supply wall is around $680 and $764 and above this, a flip to $1k and over will be more likely.

    The broader market sentiment, with Fear & Greed Index trending in the “Greed,” zone, adds to this outlook.

    BCH’s technical indicators also align with a bullish trend. Increased adoption that has investors buoyed amid favorable macroeconomic conditions, gives this altcoin a good chance of continuing higher.

    However, traders may yet trade cautiously as profit taking a dump for major altcoins could dampen broader sentiment.

    The upcoming inflation data, with Bitcoin’s correlation with stocks tight, could mean either a sharp surge or notable dump.

    “BTC ’s correlation with equities has tightened since mid-July, mirroring US stocks’ rebound to near record highs. Attention now shifts to Tuesday’s CPI, expected to rise 10 bps to 2.8%,” analysts at QCP noted. “A softer CPI could cement odds of a September Fed cut, while a hotter print risks stalling the rally. Traders are hedging with demand for short-dated $BTC puts in the $115k–$118k range.”

    The price of Bitcoin hovers around $118,500, while BCH trades near $590.

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  • BTC price pulls back after near-$123K high; XRP approaches all-time high resistance at $3.00

    BTC price pulls back after near-$123K high; XRP approaches all-time high resistance at $3.00

    BTC price pulls back after near-$123K high; XRP approaches all-time high resistance at $3.00

    • Bitcoin cooled off after nearly topping $123K, with analysts saying the rally is in its early phases, not the end.
    • Arca’s CIO noted that current altcoin open interest is “nowhere near” the frothy levels of previous market tops.
    • XRP is trading near $2.91, approaching its all-time high resistance level of around $3.00.

    Bitcoin pulled back from its session highs during US trading hours on Monday, after nearly touching the $123,000 mark earlier in the day.

    Despite this slight cooling, analysts suggest that calls for a market top are premature, as the broader crypto rally appears to be in its early stages, with significant legislative developments underway in Washington DC that could provide further tailwinds.

    A rally in its infancy? Gauging the market’s momentum

    After a powerful surge of over 10% in less than a week, which saw some altcoins advance even more significantly, it’s natural for prices to enter a consolidation phase as traders digest the recent move and realize some profits.

    Bitcoin slipped below the $120,000 level late in the US day but managed to hold onto a modest 0.6% gain over the past 24 hours.

    However, other major cryptocurrencies saw more significant pullbacks, with Ethereum’s Ether (ETH) sliding back below $3,000, and Dogecoin (DOGE), Cardano’s ADA, and Stellar’s XLM declining by around 2%-3% on the day.

    Among the major tokens, XRP, SUI, and Uniswap’s UNI outperformed, posting gains of 2.5%, 10%, and 6%, respectively.

    Crypto-linked stocks also retraced some of their strong morning gains, though Strategy (MSTR) and Galaxy (GLXY) still closed higher by 3%-4%, while Coinbase (COIN) gained 1.5%.

    Despite the consolidation, Jeff Dorman, CIO of digital asset investment firm Arca, argues that this leg of the crypto rally is more likely in its early phases than nearing its end.

    In a Monday investor note, he referenced an observation from crypto analyst Will Clemente about previous major market tops, such as the March 2024 spot Bitcoin ETF-related peak and the frenzy surrounding the Trump election/inauguration in late 2024/early 2025.

    During those peaks, the open interest in altcoin derivatives notably flipped that of Bitcoin, a sign of widespread speculative froth.

    “The current rally is nowhere near that,” Dorman said, suggesting the market has not yet reached a state of excessive exuberance.

    He also added that while trading volumes on both centralized and decentralized exchanges rose by 23% week-over-week, they still aren’t close to the levels seen during other broad-market rallies in the past.

    The bigger picture: sovereign debt and institutional adoption

    Looking beyond the short-term charts, some see Bitcoin’s ascent as being propelled by more fundamental, long-term factors.

    Eric Demuth, CEO of the Europe-based crypto exchange Bitpanda, told TheStreet that excessive sovereign debt and investors seeking refuge from monetary inflation are key drivers.

    While he stated that BTC rising to €200,000 ($233,000) is “certainly a possibility,” he emphasized that the underlying adoption of the asset carries more importance than specific price targets.

    “What happens when Bitcoin becomes permanently embedded in the portfolios of major investors, in the reserves of sovereign states, and in the infrastructure of global banks?,” he posed.

    Because that’s exactly what’s happening right now.

    Demuth expects that in the coming years, Bitcoin’s market capitalization will gradually converge towards that of gold, which currently sits at over $22 trillion, nine times larger than BTC’s.

    XRP Nears All-Time High, Breakout Looms

    While Bitcoin consolidates, XRP is making headlines of its own.

    The token has moved back up to a level of resistance significantly close to the $3.00 mark, a price point not seen since its all-time high.

    Currently trading at $2.91, up 2.15% over the last 24 hours, XRP is fueling speculation that a major breakout could be imminent.

    “XRP is screaming all-time highs,” crypto analyst Ali Martinez stated in a recent update on the social media platform X.

    He pointed to a very significant technical setup, noting that XRP is now testing the top of a price channel that has been established for years, right around the $3.00 price point.

    A decisive move anywhere above this psychological and technical level would likely lead to a huge rally toward the $4.80 price point, Martinez suggested.

    This optimism is supported by a significant rise in open interest for XRP, which now stands at $3.409 billion, indicating increased trader participation and conviction.

    Following a significant build-up of leveraged positions—a common precursor to substantial price swings—the overall sentiment for XRP is bullish.

    In further support of the uptrend, the price of XRP is consistently trending above its 10-period adaptive moving average, a sign of strong underlying momentum and healthy consolidation.

    The next few trading sessions will be crucial, as investors will be watching to see if XRP can successfully convert this previous resistance into a new, longer-term support level, potentially launching it into price discovery mode.
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  • Sui breaks $3 resistance: Is a new ATH next?

    Sui breaks $3 resistance: Is a new ATH next?

    • SUI is currently priced above $3, rallying higher following a descending wedge breakout. 
    • An ascending triangle pattern on the 4-hour chart signals bullish flip. 
    • However, while MACD suggests buyers are in control, the RSI is near overbought territory.

    Sui (SUI) has surged to the critical $3 resistance level, breaking above it amid double-digit gains in the past 24 hours.

    CoinGecko data shows SUI price trading more than 11% up in this period, with a notable 102% spike in trading volume that hovered around $1.28 billion.

    The price gains to intraday highs of $3.05 put the altcoin above a key supply wall, which offered both a psychological and technical barrier in recent weeks.

    Notably, Sui ecosystem tokens, including Walrus and DeepBook Protocol, have also surged in the past 24 hours.

    Sui eyes gain amid bullish momentum

    SUI’s uptick aligns with the broader market spike that pushed Bitcoin to above $109,000 and major altcoins like Ethereum, XRP and Solana higher.

    Tailwinds for altcoins helped Sui price, with this coming amid a recent bounce from lows of $2.3.

    Robust on-chain fundamentals that have also seen Sui blockchain’s total value locked (TVL) hold above $2.2 billion signal overall confidence in the ecosystem.

    Other metrics such as rising stablecoin liquidity and transaction volumes align with bullish momentum.

    Sui is also seeing notable growth in developer activity, leading the Move ecosystem.  Sam Blackshear, chief technical officer of Mysten Labs shared this outlook.

    The 11% surge has extended SUI’s upward price action over the past two weeks. Sui’s losses in the past month are indeed down to 8%.

    Sui price prediction

    With SUI attempting to break above $3, bulls may target key levels of $3.5 and $4 to see the all-time peak above $5.3 reached in January 2025 come into view.

    Notably, buyers are upbeat after the token broke out of a descending wedge pattern. That move allowed for a bullish reversal as long bets ramped up.

    Additionally, the formation of an ascending triangle pattern on the 4-hour chart has reinforced the bullish outlook. Given this outlook, the $3 level could act as a springboard for potential further gains. 

    Sui chart by TradingView

    On the technical front, key indicators show buyers are in control.

    The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the histogram suggesting that bulls currently hold the upper hand.

    However, the Relative Strength Index (RSI) is trending at 70 and an extended uptick into the overbought territory could signal a potential downturn.

    In this case, macro headwinds and profit-taking could mean a short-term flip to support levels around $2.6.

    The post Sui breaks $3 resistance: Is a new ATH next? appeared first on CoinJournal.



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  • BTC nears resistance zone as analysts flag potential pullback to $76,600

    BTC nears resistance zone as analysts flag potential pullback to $76,600

    Nvidia's $5.5B China chip charge rattles markets, pulls Bitcoin below $84K

    • Key resistance zone flagged between $86,549 and $88,244.
    • MicroStrategy buys 6,556 BTC worth $555.8 million.
    • $90,000 is seen as a psychological and technical barrier.

    Bitcoin has surged back to near $89,000, inching closer to its all-time high and setting the stage for what could be a significant breakout.

    According to crypto analyst Michael van de Poppe, the flagship cryptocurrency is now approaching a crucial resistance band between $86,549 and $88,244.

    This level has historically been difficult to breach, often leading to temporary corrections.

    However, the current market sentiment, combined with macroeconomic cues like a potential US-China deal, is fuelling speculation about a fresh rally past $90,000.

    In a tweet posted earlier this month, van de Poppe shared a technical chart highlighting Bitcoin’s rebound and its current position near a historical resistance level.

    He suggested that Bitcoin may first dip to retest support at $80,982 before making another attempt at a breakout.

    A further decline to $76,604 is also possible if current support fails to hold, marking a retest of a previous support level that could now act as resistance.

    Bitcoin gains 1.5% as whale accumulation boosts sentiment

    Bitcoin’s rise above $88,500 has been aided by strong accumulation from institutional players.

    Notably, US-based corporate holder MicroStrategy recently acquired 6,556 BTC at a total cost of around $555.8 million.

    The purchase comes amid growing interest in Bitcoin as a hedge against inflation and geopolitical risks, and appears to have given the market a confidence boost.

    According to CoinMarketCap, Bitcoin gained 1.5% in the past 24 hours, adding to its 4.7% weekly gain.

    The surge has also lifted overall crypto market capitalisation past $2.7 trillion.

    Source: CoinMarketCap

    Van de Poppe noted that despite nearing overbought territory, the market may remain bullish if Bitcoin consolidates above $88,000.

    A sustained rally past $90,000 could open up a move towards new highs, while failure to maintain support around $80,000 could send prices lower.

    Analyst warns of pullback to $76,604 if support fails

    Technical indicators show that Bitcoin’s RSI is approaching critical levels, suggesting a temporary correction could occur.

    Still, many traders are watching the $90,000 resistance level as the next major milestone.

    If Bitcoin manages to flip $90,000 into support, it could mark a psychological and technical breakthrough.

    Historically, this kind of pattern has led to rapid price discovery.

    However, if momentum fades, the cryptocurrency may struggle to hold onto gains and revisit lower support zones.

    Van de Poppe outlined that a correction to $76,604 would still be within healthy limits and could act as a springboard for a future rally.

    The price level was previously a key support and remains one to watch in the near term.

    Macro trends could support the Bitcoin push

    On the macroeconomic front, van de Poppe hinted at the potential impact of global events.

    In particular, signs of de-escalation between the US and China could reduce market anxiety, prompting increased risk appetite among investors.

    Geopolitical calm, combined with institutional accumulation and favourable regulatory signals, may set the stage for Bitcoin to finally break through its upper resistance.

    However, short-term volatility should not be ruled out, especially as the asset hovers near historically reactive zones.

    As of 14 April, Bitcoin is trading just above $88,606.

    All eyes are now on whether the world’s largest cryptocurrency can consolidate its gains and surge through $90,000 in the coming sessions.

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  • Bitcoin price tests key resistance amid Hong Kong news

    Bitcoin price tests key resistance amid Hong Kong news

    • Bitcoin price rose to $27,500 on Coinbase early Tuesday, with the upside coinciding with positive crypto news from Hong Kong.
    • This is after the Securities and Futures Commission (SFC) announced that registered exchanges will begin allowing retail investors to trade BTC and ETH from 1 June.
    • Analysts say Bitcoin’s immediate price outlook needs a break above $27,600 for bullish continuation.

    Bitcoin (BTC) traded to highs of $27,500 on Coinbase as crypto prices bounced earlier on Tuesday.

    The upside for the world’s largest cryptocurrency by market cap came amid an extended struggle around the 27k area, and happened as bulls capitalised on positive market reaction to news out of fast-growing crypto hub Hong Kong.

    However, as of writing, the price of Bitcoin was hovering near $27,200 as bulls retreated from the resistance level marked by the 20-day moving average on the daily chart.

    BTC price rose amid positive news from Hong Kong

    On Tuesday, crypto news out of Hong Kong was that retail investors will as from 1 June be able to buy and trade digital assets.

    The announcement was made by the Securities and Futures Commission (SFC), which noted that crypto exchanges will soon be allowed to extend crypto trading services to retail investors. 

    According to the SFC, this will be effective 1 June, 2023, and tokens that receive the nod would require a 12-month track record. The tokens will also need to have a substantial market capitalization, a category that Bitcoin dominates.

    “The news of Hong Kong allowing retail investors to trade in BTC and ETH on registered digital asset platforms delivered a notable BTC price bump in a bleak market – gives you an idea of how significant this news is,” Noelle Acheson, the author of the Crypto Is Macro Now newsletter, said in a tweet.

    Acheson believes the next key step of this announcement is that indeed retail investors can trade Bitcoin and Ethereum on registered exchanges.

    $27,600 is a key level for BTC – analyst

    Despite the positive news, Bitcoin’s latest attempt to break to key levels above $28k look to hinge on overall market outlook. In particular, the headwinds currently in place regarding the US debt limit situation is one investors are likely to watch keenly.

    On what could be next for Bitcoin price, crypto analyst Rekt Capital says the critical resistance area that bulls must conquer for upside continuation is $27,600.

    “BTC may be forming an “exaggerated” Bullish Divergence on the Daily RSI. A potentially positive sign for some upside movement. However, [it is] important to realise that the key resistance to beat is ~$27600,” he noted.

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  • Litecoin (LTC/USD) to $100 looks probable as a breakout at resistance gets underway

    Litecoin (LTC/USD) to $100 looks probable as a breakout at resistance gets underway

    • Litecoin is attempting to break above $80

    • The upcoming halving event is seen to boost the price

    • A successful breakout will see buyers eye the next resistance at $100

    If you have been eyeing Litecoin (LTC/USD), it is time to get even more curious, as the latest price action looks exciting. The area around $80 was a stumbling block to Litecoin during its bullish rally in November. Bears took the chance to push the price lower, retesting the $64 support but bulls resuscitated thereafter.

    In a tug-of-war between bulls and bears, the former is seemingly winning as Litecoin attempts to clear the $80 barrier. The cryptocurrency surged to $82, although it is not clear if the daily candlestick will close above to consider a breakout. Should a bullish market be confirmed, a journey to $100 looks very likely. Investors would better watch how the price action plays out next.

    If you might have missed it, you could refer to the CoinJournal analysis on how Litecoin’s halving event is influencing price. But aside from this critical event, Litecoin could draw from the slightly improved crypto sentiment to force a breakout. Most cryptocurrencies have staged recoveries as of press time. So how will you tell if a breakout has occurred in LTC price?

    LTC surges with higher momentums at $80

    LTC/USD Chart by TradingView

    On the daily chart technical outlook, momentum is very strong for LTC. The daily candlestick is piercing through the $80 resistance zone. There is a surge in the buy-side volumes, indicating buyers are very active on LTC. The price also stays clear of the moving averages and ascending trendline.

    When to consider a breakout?

    LTC must clear $80, with the daily candlestick closing above, to consider a successful breakout. If the price closes above this crucial level, buyers may get attracted. LTC could surge to nearly $100, the potential resistance zone. 

    On the contrary, if the LTC price closes below $80, the token could be due for a correction. We consider the former a more likely scenario but investors should be open to both.

    Where to buy LTC

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy LTC with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy LTC with Binance today

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  • ApeCoin (APE/USD) hits resistance after a weekly surge

    ApeCoin (APE/USD) hits resistance after a weekly surge

    • ApeCoin has returned 18% in a week.

    • The launch of an NFT marketplace and expected staking feature is boosting the token.

    • Further recoveries will depend on whether a breakout will occur at $4.2.

    ApeCoin (APE/USD) has risen by double digits in the past few days. As of press time, the cryptocurrency was up 18% in a week. APE has now lost an intraday 0.78% as it hit a crucial resistance. The recent launch of an NFT marketplace has been fueling gains alongside an expected staking interface.

    Staking allows users to lock their crypto tokens to a protocol to earn rewards. By staking, users contribute towards the stability of the ecosystem. Beginning December 05, APE staking will go live and pave the way for a pre-deposit. APE holders will start to earn rewards on December 12. The announcement, made on November 23 by Horizen Labs, however, raised criticism over the locking out of users in some territories, including the US. Regulatory concerns were cited as the reason for blocking them.

    Nonetheless, investors could be accumulating APE ahead of the crucial December date. Should this turn out to be a bullish trigger, APE would break out and overcome a prolonged downside. It is still too early to speculate, as we have seen cryptocurrencies reacting ahead of major developments. With that in mind, keeping a tab on the technical side of APE trading would help.

    APE meets resistance and descending trendline

    APE/USD Chart by TradingView

    The long-term technical outlook is bearish for APE. The token’s price is testing the resistance at $4.2, and momentum has weakened slightly. The resistance lies in the same zone as the long-term descending trendline.

    The MACD indicator has turned bullish and shows momentum is building for APE. The RSI is above the midpoint, indicating that the buyers remain in control. 

    Should you buy APE?

    A breakout at $4.2 or the descending trendline would be needed before buying APE. A successful breakout would take the token to $5 and potentially above $6.

    If the breakout fails at $4.2, APE could witness consolidation below the crucial resistance.

    Where to buy APE

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy APE with eToro today

    Nexo

    Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.


    Buy APE with Nexo today

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