Join Our Telegram channel to stay up to date on breaking news coverage The newest Solana meme coin DogWifCat ($DWIFC) launched at 17:00 UTC yesterday, Wednesday March 20th, and has soared 2,367% to $0.01021 as frenzied buying accelerates. Aside from bitcoin chalking up new all-time highs, the biggest story in crypto is the Solana juggernaut. First, there was BONK and then Dogwifhat, and more recently $SMOG, $BOME and $SLERF. Taken together meme coins are collectively demonstrating both the robustness and the value of the Solana blockchain. Now enter DogWifCat, which is already going parabolic less than 24 hours after launching.…
Author: msmark
The NZDUSD – like some of the other currency pairs vs the USD this week – saw multiple up-and-down price action. It moved to the upside on Wednesday and was spurred on by the FOMC rate decision. Its move back to the downside on Thursday and today was spurred by stronger growth and a rotation back into the USD dollar.The move lower has now kicked the pair down to a support target area between 0.5985 and 0.60018 (basically below 0.6000). That area may lead to some support buying on the first test at least. On the topside resistance comes in…
The price of Ethereum has not exactly lived up to its promise as the month has gone on, despite a stellar start to the month. While this bearish pressure has been widespread in the general cryptocurrency market, regulation uncertainty has been an additional concern for ETH, igniting a negative sentiment around the “king of altcoins.” Interestingly, the latest on-chain revelation shows a substantial amount of Ethereum has made its way to exchanges so far in March, suggesting that investors might be losing confidence in the long-term promise of the cryptocurrency. Are Investors Losing Confidence In Ethereum? According to data from…
Indicators flash oversold conditions on the daily chart. Contrarily, hourly chart indicators suggest a slow return of bullish impulse as the bears might have run out of steam. In Friday’s session, the NZD/USD declined just below the 0.6000 threshold, illustrating a bearish outlook as sellers continue to dominate the market. The pair is positioned below its primary Simple Moving Averages (SMAs), further backing the bearish perspective. Technical indicators hint at a strengthening sellers’ command but indicators lay in oversold terrain, a typical signal, and the buying momentum might recover. On the daily chart, the Relative Strength Index (RSI) for the…
2024.03.22 2024.03.22 Short-term analysis for oil, gold, and EURUSD for 22.03.2024Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The oil price is correcting with a target at support (A) 79.73 – 79.40.The article covers the following subjects:Oil price forecast for today: USCrude analysisThe oil price is correcting with a target at support (A) 79.73 – 79.40. After reaching this support, consider new purchases as part of the short-term trend…
Raphael Bostic is president and chief executive officer of the Federal Reserve Bank of Atlanta, he spoke late on Friday. During Asia time I noted here how late he was speaking and expressed a hope he wouldn’t be saying too much of importance …. well, he sure did!He is now expecting one 25bp cut in 2024, down from the two he was expecting, and he expects that single cut later in the year. He says he is “definitely less confident” than he was in December that inflation will continue to fall towards the Bank’s 2% targetBostic’s reasoning:economy has proved more…
The crypto market is experiencing a pullback after Bitcoin, the leading cryptocurrency, reached a new all-time high. However, Ethereum (ETH) is not left out in this downward move. After setting a new yearly high of $4,094, the price of Ethereum has been moving downward and this has led to the price trading below the 100-day Moving Average (MA) both in the 1-hour and 4-hour timeframes, but this is not so in the daily timeframe. Will the price continue downward or will it change direction and start moving upward? At the time of writing, Ethereum’s price was trading around $3,360 and…
USD/JPY forms a bearish candlestick pattern at the multi-year highs. A bearish close on Friday would enhance the possibilities of a pullback. The BoJ has historically intervened to strengthen JPY in the 151.000s, indicating more downside pressure likely. USD/JPY has formed a bearish Hanging Man Japanese candlestick pattern (circled) at key chart highs in the 151.000s on Friday, suggesting a heightened risk of a short-term reversal and pullback. US Dollar versus Japanese Yen: Daily chart The combination of the fact that the pair has tested the level of the 2023 high and formed the bearish pattern increases the possibility of…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If data is “the new oil,” then we’re all sitting on unrecognized reserves of value. In web2, personal information is hoarded in siloed platforms and owned by corporate giants. Worse, it’s often sold to unknown entities for private profits. In web3, users have had enough of this data misuse and abuse. As a result, they’re taking back control by binding their gaming, social media, and various other accounts to the blockchain. And, powered by on-chain records and…
2024.03.22 2024.03.22 USDCAD: Elliott wave analysis and forecast for 22.03.24 – 29.03.24Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/Main scenario: consider long positions from corrections above the level of 1.3452 with a target of 1.3724 – 1.3857. Alternative scenario: breakout and consolidation below the level of 1.3452 will allow the pair to continue declining to the levels of 1.3170 – 1.2977.Analysis: the ascending first wave of larger degree (1) is presumably formed on the daily chart, and a downside correction is unfolding as the second wave (2). Wave А of (2) is formed on the H4 time frame, and a bullish correction continues unfolding as wave В…