Over the past 24 hours, Ethereum has rejected from its $2,550 resistance zone, triggering a structural breakdown. This region includes the 0.618 Fibonacci retracement, the point of control, and a major high time frame resistance level that has held for more than a week. If momentum fails to return, Ethereum may be setting up for … Read more
Roman Storm, the embattled co-founder of the privacy mixer Tornado Cash is still receiving industry support as the Ethereum Foundation steps in with fresh financial support for his upcoming hearing. According to a recent announcement, the Ethereum Foundation is donating $500,000 to the legal defense of Roman Storm. The cash pledge comes as the Tornado … Read more
Pudgy Penguins’ token, PENGU, has jumped to its highest level since February, rallying by more than 25% amidst a consistent rise in its NFT floor price over the past month. On May 8, the Pudgy Penguins (PENGU) token is leading the charge among meme coins as it is catapulted to its highest level since its … Read more
PENGU price has exploded out of a multi-week consolidation phase, jumping 38% in the past 24 hours amid rising volume, eyeing $0.015 next. Pudgy Penguins (PENGU) just surged 40% in the past 24 hours, breaking out of multi-week accumulation phase marked by sideways movement and low volatility. It’s now testing the previous resistance level at … Read more
A wallet that’s been inactive for five months recently purchased TRUMP tokens worth $1.5 million. The presidential meme coin has seen a surge in trader activity after the top holders’ exclusive dinner announcement. According to on-chain data from Lookonchain, on April 24 the wallet withdrew 1.5 million USDC (USDC) from Binance. The wallet holder then … Read more
Ethereum price continues its freefall and has formed an inverse cup and handle pattern, pointing to further downside to a record low Ethereum (ETH) has dropped for three consecutive weeks and is hovering at its lowest level since January 2020 against Bitcoin (BTC). The ETH/BTC pair plunged to a low of 0.019, down more than … Read more
REZ crypto surged by as much as 38% today, ahead of its upcoming listing on South Korea’s Bithumb exchange. According to crypto.news data, Renzo (REZ) hit an intraday high of $0.022 on April 1, lifting its market cap to nearly $43 million. While the token was rallying, its daily trading volume dipped 17% to around … Read more
Introduction The recent downturn in Bitcoin (BTC) prices has created anxiety in the cryptocurrency market, especially as traders and investors await the Federal Reserve’s forthcoming interest rate decision. It is well-documented that macroeconomic events, particularly Federal Reserve meetings, play a significant role in shaping the price movements of risk assets such as Bitcoin. While some … Read more
Solana price has crashed to a crucial support level and is at risk of further declines after forming a death cross pattern. Solana (SOL), one of the top cryptocurrencies, has plunged to $138, down by 53% from its highest level this year. This crash has coincided with the ongoing woes in its ecosystem as most … Read more
NFT Market Fall: A Short Overview NFT markets developed incredibly rapidly towards the close of 2023. The trend swiftly turned, however. NFT trading volume hit $1.36 billion, based on data by DappRadar. By January, it dropped by 26%. The decline accelerated in February, with another 50% drop. Here’s how the numbers look: Month Trading Volume … Read more