BTC/USD
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NEWS BTC | Published on 2022-10-05 | 1 hour ago

IMX price could be ready for a short-term relief rally as price breaks out from the downtrend, creating more bullish sentiment for a recovery. IMX looks strong on both low and high timeframes.  The price of IMX breaks out on the daily timeframe after forming a descending triangle. ImmutableX (IMX) has struggled to remain bullish against tether (USDT) after seeing its price rejected from a region of $1.3. Previous weeks for the crypto space have been slow as most altcoins, and major cryptocurrencies like Bitcoin (BTC) continued to move in a range. With so much belief in Uptober, as many would call it, has brought some relief bounces across the crypto space with ImmutableX (IMX) not left out of the train. (Data from Binance) ImmutableX (IMX) Price Analysis On The Weekly Chart The new month has been a relief for most crypto projects, with altcoins such as BTC, ETH, and even XRP, continuing to show strength after weeks of downtrend movement.  The price of IMX has struggled to remain bullish, falling from a high of $1.3 to a weekly low of $0.7, with the price looking more stable as the price looks ready to bounce off from this region.  After hitting a bottom low of $0.7, the price of IMX bounced swiftly from that region as the price rallied to a high of $1.1. Still, the price was rejected from that region as IMX was unable to breach this area aching as resistance for price and preventing a major rally to the $1.2 area. The price would not hold as IMX found its price retesting the support at $0.7, IMX closed the week with so much indecision among buyers and sellers, but the new week looks good as there have been more buyer orders pushing the price upward.  If the price of IMX continues to maintain this structure, we could see a retest of the $1.1 area, and if the price of IMX breaks and hold above this region, we could see a more bullish scenario. Weekly resistance for the price of IMX – $1.1. Weekly support for the price of IMX – $0.7. IMX Analysis Of REN On The Daily (1D) Chart Daily IMX Price Chart | Source: IMXUSDT On Tradingview.com On the daily timeframe, the crypto market cap price remains bullish, holding the support at $850 billion ($850B); this has also impacted the price of the altcoins like IMX as it shows a more bullish form on the daily price chart. The price of IMX broke out of its descending triangle on the daily timeframe, with the price ready for a rally to $1-$1.2.  The price of IMX is currently trading at $0.78, with the price holding above the 8 and 20-day Exponential Moving Averages (EMA) after breaking through resistance in this region, flipping it into a support for IMX price. The price at $0.75 corresponds to the values of 8 and 20-day EMA acting as support. Daily resistance for the price of IMX – $1.2. Daily support for the price of IMX – $0.75-$0.7. Featured Image From Zipmex, Charts From Tradingview
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INVESTING.COM | Published on 2022-10-05 | 2 hours ago
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COINGAPE | Published on 2022-10-05 | 6 hours ago

The crypto market showed some strength in the last 24 hours. Bitcoin prices went up by 2.57% in the last 24 hours and are currently trading at $20,161. Ethereum also surged by 1.8% in the last 24 hours and crossed the $1,352 mark.  XRP broke its slide and surged by... Read more
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4
CRYPTOGLOBE | Published on 2022-10-05 | 9 hours ago

The founder and CEO of Sound Alive Records Eric Finnerud, known as E. Smitty, has recently revealed he believes that the $XRP token will be adopted by the “entire world” as it’s a cryptocurrency with fast settlement times and low transaction fees. In a tweet the music producer shared with his over 170,000 followers on […]
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5
NEWS BTC | Published on 2022-10-04 | 13 hours ago

Cryptocurrency market capitalization could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment for the altcoins. Cryptocurrency market capitalization looks strong on both low and high timeframes.  Cryptocurrency market capitalization prepares for a breakout on the daily timeframe after forming a descending triangle. The Crypto Marketcap had had a tough time regaining its hype when the crypto market cap was at its peak of over $2.8 trillion, with most crypto assets performing at their best. The crypto market capitalization also called the crypto market cap, takes in market data from a range of cryptocurrencies — including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOSIO network (EOS) — to provide a fuller, real-time picture of how the crypto asset sector is performing. Crypto Market Capitalization Price Analysis On The Weekly Chart Weekly Total Market Cap Price Chart | Source: On Tradingview.com The new month has been a relief for most crypto projects, with altcoins such as BTC, ETH, and even XRP, with the market cap, continues to look promising ahead of a major rally.   With the market having a rally to an all-time of over $2.9 trillion, this positively impacted the price of altcoins and major assets as the market found itself in a blooming phase with so much euphoria. After hitting over $2.9 trillion market cap, the price declined from that region, acting as resistance or blown-off top as the price struggles to regain its form. It dropped to a region of $774 billion market cap seeing a huge sell-off in assets across the crypto market. The market cap bounced from its weekly low of $774 billion as the price rallied to a region of $1.17 before facing resistance to breaking above this region as the price retraced to $850 billion as the price formed a good support zone with what seemed to be a key demand zone for buy orders across the market. In recent weeks, the price of assets in the crypto market has not shown some strength as prices rally, showing some glimpses of relief bounce. Weekly resistance for the price of crypto market cap – $1.2T. Weekly support for the price of crypto market cap – $850T. Crypto Marketcap Analysis Of REN On The Daily (1D) Chart Daily Total Market Cap Price Chart | Source: On Tradingview.com On the daily timeframe, the crypto market cap price remains bullish, holding the support at $850 billion ($850B) as the price range in a descending triangle trying to break out.  The crypto market cap is currently trading at $930 billion, with the price holding above the 8 and 20-day Exponential Moving Averages (EMA) after breaking through resistance in this region.  If the market cap maintains its structure, we could see more relief rallies for all most crypto assets. Daily resistance for the crypto market cap price – $1.2 Trillion Daily support for the crypto market cap price – $850 Billion. Featured Image From zipmex, Charts From Tradingview 
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6
COINGAPE | Published on 2022-10-04 | 20 hours ago

In our previous price analysis, we revealed that the XRP coin price follows a rounding bottom pattern. This bullish pattern sets the market sentiment in an upwards direction, leading to a gradual recovery to a higher level. However, amid the ongoing uncertainty in the crypto market, the XRP price is... Read more
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7
NEWS BTC | Published on 2022-10-04 | 21 hours ago

The second largest cryptocurrency is making a new wave in space in inflows, Ethereum and its related products recorded massive inflows for a second week consecutively. CoinShares’ weekly fund flow report data indicated a total inflow of $5.6 million for Ethereum and its related products. Data for the overall investment products of digital assets was about $10.3 million in inflows last week. In addition, the report noted that this is the third consecutive week of inflows for virtual assets. However, investors are still hesitant about the low flows. Also, last week’s trading volumes of investment products amounted to $886 million. This is the lowest value recorded since October 2020. For Bitcoin, it was a case of recording its third week of minor inflows of about $7.7 million. In addition, the primary crypto asset had its short recording inflow of approximately $2.1 million last week. Other Altcoins Recorded Outflows For Last Week The altcoins, with the exemption of Ethereum, had negative trends with outflows for last week. They recorded a total flow of about $3.5 million. Most assets with higher outflows include Cardano, Avalanche, and Polygon. Their outflows were $0.5 million, $0.8 million, and $0.9 million, respectively. Last week, XRP and Cardano products recorded their first outflows of $300,000 and $500,000 since August. The values are on the high side in comparison with their previous inflows. Both tokens had recently encountered a drastic drop in their values, creating more fear in the minds of investors and traders. Some areas recorded minor outflows during the last week. Except for Sweden, which had an inflow of $16 million, most European nations saw outflows. Also, Germany saw outflows amounting to about $9.1 million. But the US noted a cumulative inflow of about $7.7 million. The statistical data for the month-to-month outflows for digital assets investment products is about $42.6 million. The year-to-year inflows are cumulatively at $448 million. Ethereum Merge And Ethereum Outflows There were some outflows from ETH-related products from the period preceding the Ethereum Merge on September 15. This is due to the division in sentiment concerning the Merge. While some believed that the transition to PoS would bring a price hike for Ethereum and its derivatives, some had a contrary opinion. Hence, some investors hastened to sell off their holdings before the Merge creating increased outflows for the network during the period. But some decided to stick with the transition keeping their holdings intact. They opted to stake their Ether. Ethereum follows an uptrend on the chart l ETHUSDT on Tradingview.com Following the completion of the Merge event, the demand for Ethereum-related products is gradually rising. This resulted in the inflows for the products within the past two weeks. Featured image from Pixabay, Chart: TradingView.com
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INVESTING.COM | Published on 2022-10-04 | 21 hours ago
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INVESTING.COM | Published on 2022-10-04 | 22 hours ago
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10
COINGAPE | Published on 2022-10-04 | 22 hours ago

The U.S. Securities and Exchange Commission (SEC) has filed several lawsuits against different firms and individuals for breaching securities laws. However, Gary Gensler, SEC chair has given out assorted statements over crypto regulations. This time XRP's lawyer caught Gensler red handed replying to questions over a security. Is SEC chair... Read more
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