indicators

XRP price started a fresh decline from the $0.5050 resistance zone. The price could decline further if there is a close below the $0.4865 support. XRP extended losses and traded below the $0.500 support. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.4980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could slide further toward the $0.4550 support…

Although the past performance of a meme coin doesn't mean it'll continue to do well in the future, the initial surge in the token means investors are interested in the potential, which can further drive up the coin's price. This is precisely what the BEFE coin is experiencing; that's why crypto analysts believe the token will continue to perform well in the charts. Analysts are bullish on the token because they think it's on an upward trajectory. The BEFE coin…

MATIC is the native utility token of the Polygon blockchain and it is currently ranked 18th by market cap, with a total supply of 10 billion MATIC and a total trading volume of over $204 million in the last 24 hours. It has been moving upward since its last rejection at a $0.6342 support level.   Following the recent bullish trend of the crypto market, MATIC has not been left behind as the price has been on an uptrend with very…

XRP price is recovering higher above the $0.500 resistance. The price is signaling a positive bias and might rally above the $0.580 and $0.600 levels. XRP is attempting a recovery wave above the $0.50 zone. The price is now trading above $0.5150 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.5220 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain…

TL;DR Recent market corrections have led to a decrease in enthusiasm among traders, with discussions shifting from a “bull market” to a “bear market” mindset. However, this sentiment could ironically suggest an impending bullish trend. Enthusiasm Goes Down The latest cryptocurrency market correction, which saw Bitcoin (BTC) dipping to a two-month low of $60,000 and Ethereum (ETH) tumbling below $3,000, has affected the general feeling of traders and investors. According to the market intelligence platform Santiment, the phrase “bull market”…

Ethereum price is still facing many hurdles near $3,200. ETH could start another major decline if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the…

The post Crypto Correction Looming? Examining the Role of Economic Indicators and Fed Policy appeared first on Coinpedia Fintech News A prominent crypto analyst, Benjamin Cowen, is closely observing the potential impact of Fed rate cuts and upcoming economic data releases on the digital asset market, particularly Bitcoin and altcoins. He suggests the market could see a correction in the second quarter if the Federal Reserve initiates rate cuts in response to economic indicators, such as the March CPI and…

Ethereum price is signaling positive moves above the $3,550 zone. ETH could gain bullish momentum if it clears the $3,650 resistance zone in the near term. Ethereum started another increase from the $3,500 support zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the…

XRP price is holding gains above the $0.60 zone. The price could gain bearish momentum if there is a close below the $0.570 support zone. XRP is facing a major hurdle near the $0.6580 zone. The price is now trading below $0.640 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.640 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bearish momentum…