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Tag: Wrap

  • Litecoin, Shiba Inu & Bitcoin – American Wrap 25 October

    Litecoin, Shiba Inu & Bitcoin – American Wrap 25 October

    Litecoin price takes off! Is this the beginning of Crypto Season?

    Litecoin price has taken the market by a stunning surprise as the bulls have taken complete control of the trend prompting a 7% rally. The move was catalyzed by a classic retest and all signals from the 21-day simple moving average. Litecoin price currently auctions at $56 as the bulls have successfully taken out the October high. Now the only question is when will the uptrend pull back?

    Bitcoin price: Will BTC break $28,500 after record-breaking period of low volatility?

    Analysts at crypto intelligence tracker Glassnode argue that Bitcoin’s volatility has hit historical lows and a breakout in BTC is likely. Evaluating both the bullish and bearish scenario for Bitcoin price, analysts noted a conviction among BTC holders in the bear market. 

    Shiba Inu price: SHIB prepares to eat one zero after burn rate jumps up 1,494%

    Shiba Inu’s burn rate has climbed 1,494% – a significant increase over the past 24 hours. Based on data from the portal that tracks Shiba Inu’s burn implementation and statistics, Shibburn, the pace of SHIB token destruction has picked up. Normally a bullish factor, the exponential increase in the burn rate is a reaction to SHIB price’s recent weakness, and holders are hopeful it will have a reversal effect.

     

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  • Bitcoin, Ethereum and Shiba Inu – European Wrap 24 October

    Bitcoin price has been consolidating over the weekend, albeit triggering a minor rally. This move continues to be undone as sellers offload their holdings. But the bullish move over the weekend could be an indication of more positive developments to come.

     

    BTC/USD 1-day chart

    Ethereum (ETH) price action is set to jump between 7% on the low side and 28% by a more generous calculation, according to price targets established for the end of the week. As the dust settles over recent events, traders are reassessing the situation and it is becoming clear two key factors are dictating the future path of trading. The first is company earnings this week and the second, how the UK political situation unfolds. These will determine how far ETH price action could rally.

     

     ETH/USD Daily chart

    Shiba Inu price remains bearish with no clear signs of a bullish attempt to recover. Moreover, the inefficiencies hint at a further move down south, bringing more pain to SHIB holders. 

     

    SHIB/USDT 4-hour chart

     

     

     

     

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  • Shiba Inu, Cardano & USD Coin — Asian Wrap 21 October

    Shiba Inu, Cardano & USD Coin — Asian Wrap 21 October

    Shiba Inu price has become a problematic digital asset to hold as the notorious meme continues to lose market value throughout October. The bulls have lost support from the $0.00001000 level, and there is no evidence to believe the downtrend is ready to end.

    Cardano price shows potential for a continuous free-fall. The technicals suggest a powerful move underway. The bulls may want to remain sidelined until market conditions turn favorable. Invalidation of the bearish thesis is a breach above $0.37.

    Since no regulations for crypto and other digital assets have been set in stone, every now and then, severalgovernment agencies have taken initiative to offer their suggestions. The latest in this list is the Acting Chair of FDIC, Martin Gruenberg, who had pointers concerning stablecoin issuance.

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