The Latest reports about cryptocurrencies, blockchain and FinTech from Coinspeaker’s staff writers and our partners.
Constant high momentum from the Bears will push down Ethereum price further and it may reach the demand level of $225 provided there is no much interruption from the Bulls. In case the demand level of $225 holds the price may bounce.
Citing a strong technical build-up a number of crypto analysts are predicting a price surge for XRP which has been silent so far in the crypto bull run of 2019.
Bitcoin price will reach $9,398 resistance level should the Bulls gain more pressure to push the price up. Bitcoin price consolidation may continue in case the bulls’ momentum remains weak.
XRP price may decrease further as long as the Bears maintain or increase their pressure, and reach a previous low of $0.35. In case the Bulls further defend $0.39 demand level, XRP price may bounce and rally towards $0.46 level.
It seems that the Bulls are gathering momentum to break up Ethereum’s supply zone at $289. Should the Bears further defend the $289 supply level, Ethereum price may continue the sideways movement within the range.
According to Diar, more than one-fourth of all Bitcoin funds are held in “whale” wallets with more than 1,000 BTC each. The research points out that addresses holding this amount of coins have increased to over 26% of the circulating BTC supply.
Bears are increasing their momentum as the bearish candle is pushing Bitcoin price downward to $8,233. Without the interruption of the Bulls, BTC price may reach $8,233. In case the Bulls fail to defend the mentioned level the price may target $7,812.
Should the Bears maintain their pressure or increase their momentum, further decrease in XRP price is certain and this may reach $0.39 demand level in case $0.42 level does not hold. Should the $0.42 level hold; the price may resume uptrend movement.
Further increase in the Ethereum price towards $287 level is possible only when the Bulls gain more momentum and the supply level of $275 is penetrated. In case the $275 level holds, the price may decrease towards $258 level.
EOS retains its top spot in China’s crypto rankings list. It is notable that EOS, that attempts to solve the problem of speed, scalability, and flexibility, has been maintaining its top position since June 2018.
Should the $8,608 level hold, the bulls will continue to put the Bitcoin price on the uptrend track. In case the Bulls lose their momentum with increase in the Bears’ pressure, $8,608 level may be penetrated and the price may find support at $8,233 level.
Apple tops Forbes’ annual list of the world’s most valuable brands for the ninth straight time. The brand of the tech giant is worth $205.5 billion, up 12% over last year and it’s the first time a brand crossed the $200 billion threshold.
Strong pressure from the Bears will break down the $0.39 level and XRP price will target $0.35. Should the Bulls defend the $0.39 demand level and their momentum increase, the price may rally towards $0.42.
Ethereum price is directly on the demand level of $242, should the Bulls exert pressure to break down the level and the 4-hour candle closes below the level, $227 demand level may be the target.
Chain Open Research, an analytical research web portal has released its April report on the performance of the leading exchanges, featuring an abundance of data regarding the performance of the top 30 cryptocurrency exchanges.