Shiba Inu (SHIB) is full of surprises up its sleeve. The top dog meme coin’s latest price rally was impressive as the coin was able to showcase the lowest level of daily volatility as seen in the entire crypto trading history. As of this writing, SHIB is up by 2.66% or at $0.00001217. According to the daily chart, SHIB has been consistently darting on a straight line seen in the past few days. In fact, the dog meme coin’s price hasn’t moved a bit for a straight week, which is bizarre especially for a volatile asset such as SHIB. Chart: TradingView.com Shiba Inu On A Flatline? It’s uncertain why Shiba Inu has been showing a flatline or sluggishness in performance – but there are some talks … [Read More...]

Ethereum remained supported above the $1,550 zone against the US Dollar. ETH is rising and might gain pace if there is a clear move above the $1,670 level. Ethereum found support near $1,560 and started a fresh increase. The price is now trading above $1,620 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,660 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if there is a clear move above $1,660 and $1,670. Ethereum Price Remains Supported Ethereum extended its decline below the $1,650 level. ETH even traded below the $1,600 support zone to move into a short-term bearish zone. However, the bulls were active near the $1,550 … [Read More...]

On-chain data shows the number of active Ethereum addresses has recently spiked up to a new all-time high. Here’s what happened in the past when the metric reached such high values. Ethereum Active Addresses Surge To A New All-Time High As pointed out by an analyst in a CryptoQuant post, a signal that has usually been bearish for the price of the crypto has gone off recently. The “active addresses” is an indicator that measures the total number of Ethereum wallet addresses that showed some movement on any given day. The metric takes into account both senders and receivers. When the value of this metric goes up, it means an increasing number of addresses are displaying some activity right now. Especially large … [Read More...]

Ethereum extended its increase above the $1,720 level against the US Dollar. ETH is now consolidating above the key $1,670 support zone. Ethereum remained in a positive zone but struggled near the $1,785 resistance zone. The price is now trading above $1,650 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,710 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a downside correction if there is a close below $1,670 and $1,650. Ethereum Price Holds Key Support Ethereum remained in a positive zone above the $1,600 level. ETH even extended its increase above the $1,670 and $1,700 levels. It climbed above the $1,750 but there was no move to $1,800. … [Read More...]

And the game is on for STEPN as the GMT token plays in sync with other cryptocurrencies amplified for the bull run.  In the past couple of weeks, STEPN has been making upgrades on its network to rekindle the waning interest of gamers. And the token seems to be making a lot of progress. The move-to-earn game has recently rolled out Health Points that set a certain life cycle for STEPN sneakers. They also were brewing an exciting STEPNrun Contest that is scheduled to kick off from July 25 to August 8 which is meant to get the word out about STEPN on social media. The contest is designed to run on both Instagram and Twitter. GMT Token Price Warms Up At $1.01 The GMT token price … [Read More...]

Ethereum started a strong increase above the $1,700 level against the US Dollar. ETH is showing positive signs and might rise again towards $1,800. Ethereum started a major increase above the $1,650 and $1,700 levels. The price is now trading above $1,700 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $1,750 level. Ethereum Price Rallies Above $1,700 Ethereum formed a base above the $1,600 level and started a major increase. ETH was able to clear a few key hurdles near the $1,650 and $1,675 levels. The price jumped over 10% and even … [Read More...]

On-chain data shows around 800k ETH has exited wallets of the crypto exchange Gemini, a sign that could prove to be bullish for Ethereum. Crypto Exchange Gemini Observes outflows Of 800k ETH As pointed out by an analyst in a CryptoQuant post, the Ethereum exchange reserve has plunged down to lows not seen since 2018. The “all exchanges reserve” is an indicator that measures the total amount of Ethereum currently stored on wallets of all centralized exchanges. When the value of this metric goes down, it means the number of coins on exchanges are going down. Such a trend, when prolonged, can be a sign of accumulation from investors, and hence can be bullish for the price of the crypto. Related Reading | Bitcoin NUPL Shows … [Read More...]

Ethereum remained well bid above the $1,465 level against the US Dollar. ETH could start a fresh surge if there is a close above the $1,600 resistance. Ethereum corrected lower but the bulls were active near the $1,465 zone. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh surge if there is a clear move above the $1,600 zone. Ethereum Price Remains Supported Ethereum started a downside correction below the $1,550 level. ETH even traded below the $1,500 support level but the bulls were active near a major support. It tested the $1,465 zone … [Read More...]