B² Network, a network designed to make Bitcoin transactions faster and less expensive, has become the latest victim of what is already being described as a disastrous “Hacker Day” for the crypto industry.
By John Isige Since the beginning of the month, the XRP/USD pair has been attempting to recover its previous losses and has now approached 1.1718 (Murrey level [4/8]) for the second time, although it has yet to break through this level. The chart configuration resembles an ascending triangle pattern, so a breakout above 1.1718 could signal a shift in the prevailing trend and strengthen bullish momentum toward 1.2695 (Murrey level [6/8]), 1.3671 (Murrey level [8/8]) and 1.4648 (Murrey level [+2/8]). The key level for sellers is 1.0742 (Murrey level [2/8], the lower Bollinger Band). A consolidation below this level would signal a breakout through the lower boundary of the pattern and could lead to tests of 0.9765 (Murrey level [0/8]) and 0.8789 (Murrey level [–2/8]).
By John Isige Last week, the SOL/USD pair attempted to recover some of its previous losses but failed to consolidate above the repeatedly tested level of 78.12 (Murrey level [5/8]). The cryptocurrency sector is currently supported by expectations that the Digital Asset Market Clarity Act (CLARITY Act) will be adopted.
By John Isige Since the beginning of the month, the ETH/USD pair has been attempting to reverse its long-term downtrend: the price has already reached an eight-week high and is approaching the key bullish level of 2000.00 (Murrey level [8/8], middle line of the Bollinger Bands, W1). A confirmed breakout above this level would allow the pair to test the targets at 2250.00 (Murrey level [+2/8]) and 2500.00 (Murrey level [4/8], W1). The key support zone for the bears is located at 1817.00–1750.00 (middle line of the Bollinger Bands, Murrey level [6/8]). A breakdown below this area would signal a resumption of the decline towards 1500.00 (Murrey level [4/8]) and 1250.00 (Murrey level [2/8]).
By John Isige The pair has continued to form a new uptrend since the beginning of last month. However, the price has now reversed from 81.25 (Murray level [6/8]) and is attempting to develop a downward correction. The key level for sellers remains 75.00 (Murray level [4/8]), located below the middle line of the Bollinger Bands. A breakdown below this mark could signal a reversal of the current uptrend and trigger a decline towards 68.75 (Murray level [2/8]), 62.50 (Murray level [0/8]) and 56.25 (Murray level [-2/8]). The most important level for buyers remains 81.25 (Murray level [6/8]). A consolidation above it could lead to renewed growth towards 93.75 (Murray level [+2/8]) and 98.40 (the area of three-month highs). Technical indicators suggest that the pair may continue rising. The Bollinger Bands are directed upwards. The MACD histogram is declining but remains in positive territory. The Stochastic oscillator has reversed upwards from the oversold zone. It is also worth noting that the weekly chart shows an attempt to reverse the long-term downtrend. The Bollinger Bands have turned horizontal after declining, while the Stochastic oscillator has reversed upwards. This makes a renewed rise in prices more likely.
By John Isige This week, the XRP/USD pair has shown mixed dynamics, in line with the broader market trend. Yesterday, the price recovered its previous losses and reached the 1.1200 mark following the release of US inflation data.
By John Isige Since the beginning of the current month, the pair has been attempting to resume growth and reverse the long-term downtrend. Yesterday, the price reached a four-month high near 1843.00 but later gave up part of its gains and is now trading close to the 1750.00–1700.00 support zone (Murray level [2/8], the middle line of the Bollinger Bands).
By John Isige The pair continues to form a new upward trend that began early last month. However, quotations have now reversed from 81.25 (Murray level [5/8]) and are trying to develop a downward correction. The key level for the bears appears to be 75.00 (Murray level [4/8]), supported by the middle line of the Bollinger Bands. A downside breakout below this level would create the prospect of a reversal of the current upward trend and a decline toward 68.75 (Murray level [3/8]), 62.50 (Murray level [2/8]) and 56.25 (Murray level [1/8]). The most important level for the bulls remains 81.25 (Murray level [5/8]). Consolidation above it could trigger a resumption of price growth toward the targets of 93.75 (Murray level [7/8]) and 100.00 (Murray level [8/8]). Technical indicators allow for continued growth of the pair. The Bollinger Bands are pointing upward. The MACD histogram is decreasing but remains in positive territory. The Stochastic oscillator is pointing downward but is close to the oversold zone, which does not exclude a near-term upward reversal. It is also worth noting that on the weekly chart, an attempt is being made to shift the long-term downward trend into an upward one. The Bollinger Bands have turned horizontal after the decline. The Stochastic oscillator has turned upward. This makes the resumption of the pair’s growth more relevant.
By John Isige The ETH/USD pair is moving within a downward trend: last week, quotations attempted a corrective rebound from the area of yearly lows and reached the upper boundary of the descending channel at 1830.00, but they have now resumed their decline.
