Bitcoin Cash Price Analysis: BCH/USD stalls under $300 as consolidation takes precedence
Bitcoin Cash recently broke above the resistance at $250 which gave the price a boost past $300. A five-months high was traded at $340, marking the end of the rally commenced mid-July. BCH/USD retreated under $300 dealing on being dealt a blow by the descending trendline resistance. Read more ...
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Ripple Price Forecast: XRP/USD building gains above $0.30
After rising to $0.3278 on August 2, Ripple embarked on a gain-trimming exercise to the extent of refreshing lower levels at $0.24. Although there were several recovery missions, none made it above $0.32. For some time this week, price actions were limited under $0.30 except for the shallow spike above $0.30 on Wednesday. Read more ...
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Ethereum Classic Market Update: ETC/USD under pressure following 51% attack
Ethereum Classic (ETC) attempted a recovery to $7.35 on Wednesday, but failed to hold the ground and dropped below $7.00 in a matter of minutes. By the time of writing, ETC has recovered to retreated to $7.10. The coin dropped below has lost nearly 2% since the start of the day, however, it is still above the critical $7,00, which is a positive signal for the bulls. Ethereum Classic take the 25th place in the global cryptocurrency market rating with the current capitalization of $824 million. Read more ...
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Bitcoin still consolidates despite positive spot ETFs demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
Why is ONDO’s price outlook bullish?
DefiLlama data shows that Ondo TVL reached a new ATH of $613.75 million. Ondo’s Supply Distribution metric shows whale accumulation. On-chain data shows that ONDO’s daily trading volume is rising, and the supply of exchanges is decreasing.
Maker price eyes a rally on technicals and on-chain metrics
Maker trades above $1,500 on Thursday, suggesting a potential rally as technical indicators show bullish divergence. This positive outlook is reinforced by MKR’s Exchange Flow Balance, which shows a negative spike, indicating growing investor confidence in the platform.
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