On the daily timeframe, XRP is holding above a dynamic support level. The 30-day RSI indicator reveals that it remains in the bearish zone, approaching a descending resistance trendline, which has been in place since late 2020. From a price perspective, the bulls face a significant challenge in overcoming the…
Ethereum continues to face significant challenges at a critical support zone, with all recent attempts at establishing an uptrend on lower timeframes being rejected. Daily ChartOn the daily timeframe, the bulls have managed to defend the support zone at $900, which extends between $900 and $700 (highlighted in green). Ethereum…
Ethereum has experienced another sharp decline, dropping 15% in the last 24 hours and settling around the $1,200 mark. The overall cryptocurrency market capitalization has fallen below $1 trillion, reflecting widespread losses across the sector. Technical Analysis Daily ChartOn the daily timeframe, Ethereum lost the $1,300-$1,500 range, a significant demand…
Blockchain scalability has been one of the most significant challenges in the crypto space. While blockchains like Bitcoin and Ethereum offer robust, secure, and decentralized networks, they often face limitations when it comes to transaction throughput. As the adoption of cryptocurrencies and decentralized applications (dApps) continues to rise, so does…
Despite a period of relative stability in the market, Bitcoin’s price action remains underwhelming with no clear signs of a strong recovery. While U.S. stock markets closed on a positive note and the DXY index has been declining for the last few days, Bitcoin has failed to maintain its position…
Bitcoin has broken through the $37K support level to the downside, resulting in a more than 10% drop in price yesterday. This price action could set the stage for a bearish scenario, potentially pushing the price toward the $30K demand zone. Given the current market structure, the 50-day and 100-day…
Blockchain technology is built on the principles of decentralization, security, and transparency. At the core of these principles lies a crucial element: the consensus mechanism. Consensus mechanisms are protocols that ensure all participants in a blockchain network agree on the state of the ledger, thereby facilitating trustless transactions. Over time,…
Ethereum, like many other large-cap cryptocurrencies, is trading near long-term support levels, a situation that remains precarious. The uncertainty surrounding the broader market, particularly in relation to Federal Reserve decisions, is affecting investor sentiment. Notably, trading volumes on significant US-based exchanges like Binance US and Coinbase are still relatively low,…
Zero-Knowledge Proofs (ZKPs) are revolutionizing the privacy landscape in blockchain technology. As public blockchains are inherently transparent, ZKPs provide a crucial solution for protecting users’ sensitive data while maintaining the integrity of transactions. At its core, ZKPs allow one party to prove to another that they know a value, without…
Bitcoin’s price has experienced a period of high volatility over the past week, with its first significant geopolitical crisis impacting its performance. While the macroeconomic uncertainty persists, the asset has made an unexpected bounce back from the $34K level, driven by strong buying activity from FTX and Bitfinex exchanges, pushing…
Cross-chain interoperability has emerged as a foundational concept for the expansion of decentralized ecosystems. In a fragmented blockchain space, where multiple chains exist with different protocols, the ability for these chains to communicate and share data is essential for achieving the vision of a fully decentralized web. As decentralized finance…
MATIC encountered a sharp decline after reaching the $2 resistance, causing its price to fall to around $1.6. Should this downward trend persist, the next major support is anticipated at $1.4, while the immediate resistance now resides at $1.8. In the past five days, there has been a notable reduction…