October 21, 2024 – Dubai, United Arab Emirates SuiHub Dubai is the first in a global series of hubs designed to support blockchain developers and entrepreneurs. The center is located in Expo City Dubai, a key tech hub in the region, to foster collaboration and innovation. Ghaf Studios and Sui aim to provide resources and The post Sui Launches SuiHub Dubai, Its First Global Hub To Drive Web 3.0 Innovation appeared first on The Daily Hodl .
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Market Trends Indicate Potential Price Movements for Cryptocurrencies
Shiba Coin bulls need to maintain the $0.0000175 level. Dogecoin faces resistance at $0.152 but has potential support at $0.130. Continue Reading: Market Trends Indicate Potential Price Movements for Cryptocurrencies The post Market Trends Indicate Potential Price Movements for Cryptocurrencies appeared first on COINTURK NEWS . The Daily Hodl
Ethereum Price Dips Again: Will Bulls Step In to Protect the Trend?
Ethereum price struggled to continue higher above the $2,750 resistance. ETH started a downside correction and traded below the $2,680 support. Ethereum started a downside correction below the $2,680 support. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Trims Gains Ethereum price remained stable above the $2,620 level like Bitcoin. ETH extended gains above the $2,650 resistance level to move further into a positive zone. However, the bears remained active near the $2,765 level. A high was formed at $2,765 and the price started a downside correction. There was a break below a key bullish trend line with support near $2,680 on the hourly chart of ETH/USD. The pair dipped below the $2,650 level. A low was formed at $2,626 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $2,757 swing high to the $2,626 low. Ethereum price is now trading below $2,680 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,665 level. The first major resistance is near the $2,700 level. It is close to the 50% Fib retracement level of the downward move from the $2,757 swing high to the $2,626 low. A clear move above the $2,700 resistance might send the price toward the $2,725 resistance. An upside break above the $2,725 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,780 resistance zone in the near term. The next hurdle sits near the $2,840 level or $2,880. More Downsides In ETH? If Ethereum fails to clear the $2,680 resistance, it could start another decline. Initial support on the downside is near the $2,625 level. The first major support sits near the $2,600 zone. A clear move below the $2,600 support might push the price toward $2,550. Any more losses might send the price toward the $2,500 support level in the near term. The next key support sits at $2,440. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,600 Major Resistance Level – $2,680 The Daily Hodl