Altcoin Season May Not Be Over Yet, Says Analyst Burak Kesmeci According to crypto analyst Burak Kesmeci, the current altcoin season may still be in play, as indicated by the Ethereum Coinbase Premium Index, which has remained stagnant since Black Monday on August 5. This index, a key measure of U.S. market sentiment, helps investors
Bitcoin World
You can visit the page to read the article.
Source: Bitcoin World
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
XRP Price Eyes Breakout: Will It Recover Lost Ground?
XRP price is consolidating above the $0.5080 support level. The price could gain pace if it clears the $0.5450 resistance zone in the near term. XRP price is still consolidating above the $0.5080 support. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish pace if it clears the $0.5450 and $0.5500 resistance levels. XRP Price Eyes Recovery XRP price extended its decline below the $0.5350 level, underperforming Bitcoin and Ethereum. The price even declined heavily below the $0.5250 support zone. A low was formed at $0.5070 and the price is now consolidating losses. There was a minor move above the $0.5250 level. Recently, the price tested the 23.6% Fib retracement level of the downward wave from the $0.6640 swing high to the $0.5070 low. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5450 level. There is also a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP/USD pair. The first major resistance is near the $0.5500 level. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.580 resistance. Any more gains might send the price toward the $0.6000 resistance or even $0.6050 in the near term. Another Decline? If XRP fails to clear the $0.5450 resistance zone, it could start another decline. Initial support on the downside is near the $0.5300 level. The next major support is near the $0.5250 level. If there is a downside break and a close below the $0.5250 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.5080 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5250 and $0.5120. Major Resistance Levels – $0.5450 and $0.5500. Bitcoin World
Bitcoin Price Increases as UAE Implements VAT Exemptions
Bitcoin`s price rises as UAE announces VAT exemptions for virtual assets. UAE positions itself as a hub for virtual asset investments. Continue Reading: Bitcoin Price Increases as UAE Implements VAT Exemptions The post Bitcoin Price Increases as UAE Implements VAT Exemptions appeared first on COINTURK NEWS . Bitcoin World