Will Cardano (ADA) Recover from Its Recent 18% Price Decline?
Cardano (ADA) has recently experienced a significant price drop, sparking widespread discussions within its community. Over the past three months, ADA has plummeted nearly 18%, leaving many investors alarmed. They have described the ongoing price action as brutal, as the cryptocurrency struggles to maintain key support levels. Failure to Hold Major Support Levels One primary […]
Dogecoin Slumps 2% After 200-Week SMA Rejection: What’s Next for Traders?
Dogecoin has fallen by 2% amid bearish signals, with technical analysis suggesting further declines ahead. Crypto trader Kevin emphasized the bearish outlook, citing weaknesses in the weekly chart. After Dogecoin failed to break out of a six-month falling wedge, it faced strong resistance at the 200-week simple moving average (SMA). This rejection led to the […]
Price Analysis: TON Struggles to Break Resistance at $5.50 – A Look at the 24-Hour Price Action
The Open Network (TON) has battled bearish sentiment over the past 24 hours, showing limited movement in an attempt to overcome resistance levels. Currently trading at $5.2081, the cryptocurrency remains under pressure as technical indicators reveal weak momentum and the possibility of further downside. EMAs Form Resistance Levels The Exponential Moving Averages (EMAs) on the […]
Shiba Inu’s 226% Burn Rate Boost: Can It Drive a Price Recovery?
In the past 24 hours, Shiba Inu (SHIB) experienced a sharp price drop. However, while key metrics like price fell, the SHIB burn rate saw a significant 226% increase. This suggests that despite the downturn, some SHIB community members still have confidence in the token. Over 2.6 Million SHIB Tokens Burned This increase in the […]
Funtico Launches Telegram Entertainment Hub, Introducing ‘Lucky Funatic’ Tap2Earn Game
New York, New York, 3rd October 2024, Chainwire
XRP Slumps 15% After SEC Appeal, Despite Rising Whale Activity
XRP, the cryptocurrency linked to Ripple, has seen a notable increase in whale activity, according to data from cryptocurrency analytics platform Santiment. Large investors have been accumulating or moving significant amounts of XRP, signaling increased interest in the controversial token. Transaction Volume Hits Eight-Month High In addition to heightened whale activity, XRP has also experienced […]
CARV Secures 10+ Strategic Partnerships in Q3 2024, Driving Web3 Gaming and AI Innovation
Santa Clara, CA, 3rd October 2024, Chainwire
Terra Classic (LUNC) Struggles, Decreasing by 9.33% in 24 Hours as RSI Divergence and Moving Averages Signal Bear Market Continuation
Terra Classic (LUNC) continues to face challenges as the cryptocurrency market experiences heightened volatility. Over the last 24 hours, LUNC has failed to sustain any upward momentum, and technical indicators suggest more downside pressure is ahead. The combination of bearish moving averages and a significant RSI divergence underscores the market’s current sentiment. This analysis will […]
Ripple CEO Criticizes SEC as XRP Price Plummets Following Appeal
Ripple CEO Brad Garlinghouse has responded to XRP’s recent price drop, which contrasts with broader market trends. XRP has fallen significantly, trading at $0.5352 after losing 10.75% of its value in the past 24 hours. This steep decline sets it apart from other major crypto assets, which have seen a more modest dip of about […]