Author: Granit.M

Polygon (MATICUSD) Price Analysis – August 06 A breakout at the resistance level of $1.2394 will increase the price to $1.8781 which may increase further to $2.2140. The breakdown at the support level of $0.8980 will decrease the price to $0.3194 and $0.2352. Key Levels: Resistance levels: $1.2394, $1.8781, $2.2140 Support levels: $0.8980, $0.3194, $0.2352 MATIC/USD Long-term Trend: Ranging MATIC/USD price is on the ranging trend on the Long-term outlook. The bears were in control of the Polygon market many days ago.  The bearish pressure pushed down the price and found support at $0.8980, the price pulled back and…

Key HighlightsPolkadot targets the high of $25.23 as Bulls Gain More GroundsThe uptrend is threatened at the $20 high Polkadot ( DOT) Current StatisticsThe current price: $19.19Market Capitalization:$21,045,563,464Trading Volume: $1,641,365,283Major supply zones: $48, $52, $56Major demand zones: $32,, $28, $24Polkadot (DOT) Long-Term Analysis: BullishPolkadot’s (DOT) price has made consistent positive moves as Bulls Gain More Grounds. For the past week, DOT price has risen from a low of $10.50 to a high of $20. The first uptrend faced rejection at the recent high. Consequently, there was a pullback to $16 low. Buyers have recouped above the current support to resume…

ADA USD Price Analysis – August 5 ADA USD rebounds off the $1.000 key level for the second time in six weeks. Its aim once again is to retest the $1.500 resistance level to break beyond it. The market has been having a duel with the $1.500 key level ever since the price soared to the $1.000 price level on the 25th of February 2021. The resistance seemed unbreakable until a breakthrough happened on the 6th of May 2021. Key Levels: Resistance Levels: $1.500, $1.830Support Levels: 1.000, 0.700 ADA USD Long Term Trend – Ranging When ADA made it past…

Bitcoin Price Prediction – August 5It recorded that the BTC/USD market weakens around $44,000 as it has been severally hovering at that trading zone over time. The crypto operation now trades around the value of $38,332 at a minus percentage rate of about 4.78 as of writing.BTC/USD Market Key Levels: Resistance levels: $42,500, $45,000, $47,500Support levels: $37,500, $35,000, $32,500BTC/USD – Daily ChartThe BTC/USD daily trading chart reveals that the crypto market weakens around the level of $40,000. From August 2nd until the 4th, the crypto trade saw more inactive price motions. A bearish candlestick is in the making seemingly takes…

SOLUSD Price Analysis – August 05 The price may reach and break above the resistance level of $42 provided the bulls increase their pressure; above it are $49 and $55 resistance levels. Should the $42 resistance level holds, the price may break down the support level at $33, further increase in the bears’ pressure may push down the price to $23 and $18 SOL/USD Market Key levels: Resistance levels: $42, $49, $55 Support levels: $33, $23, $18 SOLUSD Long-term Trend: Bullish SOLUSD is bullish on the daily chart. The price action has formed a triple bottom price action at…

SEC has no bearing over cryptocurrencies due to CFTC being the only department equipped enough to take on the responsibility of crypto market regulation. With the aim of the United States to increase its involvement and regulation in the crypto industry, Christopher Giancarlo, former CFTC Chair said that SEC is not soundly equipped to handle crypto market regulation. Giancarlo tweeted his claim on the CFTC qualifications on Wednesday. He emphasized that if the severity of the situation is as pressing as everyone thinks it is, a Chairman from the CFTC needs to be nominated by the current US administration under…

Turns Down Beneath $3,000– August 5The market operation between Ethereum and the US Dollar turns down beneath 3,000. The valuation of the crypto economy got exhausted, trying to approach the value earlier mentioned to now trade around $2,602 at a negative percentage rate of 4.51.Turns Down Beneath $3,000: ETH MarketKey Levels:Resistance levels: $2,800, $3,300, $3,800Support levels: $2,200, $1,900, $1,600ETH/USD – Daily ChartThere is an emergence of a bearish candlestick on the ETH/USD daily chart that the crypto economy turns down beneath the higher point at $3,000. The bullish trend-line drew to put a mark at $2,500 to signify the zone…

Link Market Features Recovery Moves – August 5LINK/USD market features recovery moves on a continued relatively serial formation pattern to the north. The crypto’s price trades around $23, close to the immediate resistance line at $25 at a negative percentage rate of 1.95.Features Recovery Moves: LINK MarketKey Levels:Resistance levels: $25, $30, $35Support levels: $20, $17, $14LINK/USD – Daily ChartThe LINK/USD daily trading chart reveals that the crypto market features recovery moves after a declining trading situation that got exhausted between the past sessions of July 19 and 20. The emergence of a bullish candlestick against the critical support baseline at…

Back in June Victory Capital revealed that they were in the process of filing an application with the SEC for initiating a private fund. The application with the Securities and Exchange Commission (SEC) for launching the ETF which enables the tracking of Nasdaq Crypto Index as was arranged with Hashdex has already been filed on Tuesday. Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Filecoin (FIL), Chainlink’s LINK, Uniswap’s UNI, Litecoin (LTC), and Stellar’s Lumen (XLM) are the eight cryptocurrencies listed in the Nasdaq Crypto Index. President of VictoryShares Mannik Dhillon stated that a crypto ETF would be ideal for clients…

Cryptocurrency regulations are a much-debated topic in the past, and the current regulatory clearance is no different, which is why the new Security Exchange Commission (SEC) chairman Gary Gensler is now referring to the cryptocurrency sphere as the Wild West of the digital payments world. The word on the media circles is that the new SEC chair is going hard on the cryptocurrency regulations, and the situation doesn’t look very promising for the cryptocurrency sphere. The cryptocurrency sphere has been in muddy waters when it comes to regulatory clarity, and Gensler is out for a clampdown on the cryptocurrency sphere…