The Latest reports about cryptocurrencies, blockchain and FinTech from Coinspeaker’s staff writers and our partners.
Increase in the bulls’ momentum will make the XRP price reach $0.38 supply level in case $0.34 price level is breached. Should the bears defend the $0.34 supply level, the XRP price may range back towards the previous low.
Grayscale revealed that Bitcoin products were invested in most, with 66 percent of inflows received from institutional investors.
In case the previous high of $161 price level is breached by the bulls, Ethereum price may have its target at $194 supply zone. On the other hand, should the bears defend the $161 price level; ETH price will fall towards $134 – $117 price level.
While banks are afraid of the competition with FinTech startups, they forget about BigTech companies that can be really serious rivals for them, according to experts from Financial Stability Board.
Bitcoin price may have its high at $4,237 in case the demand level of $3,679 holds and the Bulls gained enough momentum. Also, the BTC price will find its low at $3,247 if there is a breakdown of the $3,679 price level.
The breakdown of $0.035 demand zone by the Bears’ pressure will expose the demand zone of $0.028 and may be its target, while the breakup of $0.047 price level will make Cardano price find its high at the $0.055 price level.
Because of confluence at $68 price level, only the strong bullish momentum can break up the resistance level of $68 and expose the $85 price level, otherwise, Bitcoin SV may breakdown the $54 support level and $41 become the next low.
The bears have to gain enough pressure in order to break down the demand level of $0.07 that will expose Stellar price to the low level of $0.06. Increase in the bulls’ pressure will break up the $0.09 supply level and the coin may target $0.12 price level.
The bullish breakup of the $0.31 supply level with the candle close above it will make the XRP price find its target at $0.34 – $0.38 price level.
Continuation of bullish trend is guaranteed as long as the bulls maintain or increase their pressure; otherwise, in case the bears reject a further increase in Ethereum price, the coin will found its support at $101 price level.
In case the demand level of $3,679 holds and the Bulls gained enough momentum, there will be a bullish rally towards the resistance levels of $4,237-$4,692. The breakdown of the $3,679 level will return the Bitcoin price to the previous low of $3,247.
The increase in the Bears’ pressure may lead to the breakdown of $0.037 demand zone and Cardano price may find its low at the $0.030 price level. Alternatively, if the price level of $0.037 holds the Bulls may take over the ADA market.
Downtrend will continue in case the bears were able to break down the demand level of $0.07, then, Stellar price will have its low at $0.06 price level. On the other hand, should the demand level of $0.07 holds the bulls may take over the XLM market.
Increase in bearish momentum while the bears defend the resistance level of $68 will break the support level of $54 and Bitcoin SV may find its low at $41 price level.
XRP price will found its low at $0.25 demand level in case the historical demand level of $0.28 does not hold, should the mentioned demand level holds, the coin will experience uptrend movement towards $0.38 price level.