Crypto Currencies World

Advertise here Analysts predict Polkadot is ready for a major bullish reversal, with strong patterns indicating imminent upward momentum Several altcoins have surrendered their recent gains this week amid rising geopolitical tensions, with Polkadot (DOT) facing similar challenges. The latest market correction pulled the altcoin’s price down to $4.04, a drop of over 14% in just three days. At times like this, it’s important to take a step back and examine some fundamentals and traders’ sentiment in the face of popular industry analysts’ conclusions. Polkadot On-Chain One of the most important on-chain metrics that track the network’s activity over time is the number of daily active users and new users joining the ecosystem. While the number of new accounts on Polkadot has remained relatively the same since May last year, the number of active users has increased by more than 25%. Source: Subscan The amount of DOT...

  Ripple’s recent price action reflects a cautious market, with a temporary rebound from the critical $0.5 support zone toward the 200-day moving average. However, a rejection at this level could solidify the ongoing bearish trend. XRP Analysis By  Shayan The Daily Chart On the daily chart, XRP faced renewed selling pressure after failing to sustain gains near the 200-day moving average at $0.57. This level has acted as a strong resistance, and a breakdown below the 200-day MA suggests that sellers are attempting to push the price lower. Following the decline, Ripple found support at the significant $0.5 level, a historically critical area that has consistently served as a defensive zone for buyers over the past year. Currently, the asset is retracing toward the 200-day MA, but another rejection at this level would likely complete the pullback and lead to further declines, potentially targeting the $0.46 mark. The 4-Hour Chart The 4-hour chart shows a descending consolidation ...

Ethereum’s price has been consolidating over the past few months, showing neither bullish nor bearish intentions. Yet, things might be about to change soon. Technical Analysis By  Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, the price was trapped inside a large symmetrical triangle pattern, and both the higher and the lower boundaries were tested several times. The future direction of the market relies heavily on whether the market breaks out of the pattern to the upside or the downside. Meanwhile, the RSI also shows values of around 50%, which indicates a state of uncertainty in the market. The 4-Hour Chart Looking at the 4-hour chart, it is evident that the asset has recently broken below the $2,500 level. However, it is currently retesting that line, and if it can break back above, a rally toward the $2,800 resistance zone would be highly probable. On the other hand, a rejection could lead to a further decline toward the $2,300 support level. Yet, judgin...

Bitcoin is showing strong signs of a bullish recovery, with its price approaching the key $70K resistance level. Buyers are focused on breaking this critical threshold, aiming for a new all-time high by the end of the year. Technical Analysis By  Shayan The Daily Chart Bitcoin’s price action on the daily chart reflects a significant bounce after finding support within the 0.5 ($56K) and 0.618 ($52K) Fibonacci retracement levels. This support zone has repeatedly halted bearish attempts and has acted as a base for buyers to re-enter the market. The surge in buying pressure has allowed Bitcoin to reclaim the 100-day and 200-day moving averages, signaling a shift toward the bullish sentiment. Bitcoin is now testing the $70K resistance region, and a successful breakout could lead to a sharp upward move, potentially driven by a short squeeze, reinforcing the bullish trend. The 4-Hour Chart On the 4-hour chart, Bitcoin’s bullish momentum is more apparent. The asset saw a strong bounce at ...

  What Is Bitcoin? Bitcoin is the first-ever decentralized global digital currency. Among other things, this means that it is entirely computerized and doesn’t exist in a physical form. Bitcoin can be sent quickly and securely from anywhere in the world, and you only need an internet connection. Its price is determined by the free market, subject to supply and demand. Built on a decentralized network, it operates free of any central control, including but not limited to bank or government oversight. It relies on open-source and peer-to-peer software and cryptography. Known as blockchain, this technology is also fully transparent and immutable. Any changes to it can only happen following a majority consensus. The consensus algorithm that powers Bitcoin’s blockchain (also called distributed ledger technology) is called Proof of Work. The cryptocurrency can be stored in digital addresses that are spread throughout the Internet. To mak...

  What if you could open trading positions with more funds than you actually had in your account? Imagine having $1,000 deposited but being able to effectively trade with $2,000, $3,000, or even $10,000. Well, that’s entirely possible on many cryptocurrency exchanges and it’s called margin or leveraged trading. Welcome to our how-to guide. In the following lines, you will learn what margin trading in Bitcoin and crypto is, how it works, top exchanges that enable margin trading, and most importantly – you will also learn some must-read tips before placing even the smallest margin position. What is Bitcoin Margin Trading? In this guide, we will mostly focus on Bitcoin margin trading because BTC is the largest cryptocurrency by market cap with the most considerable trading volume across all exchanges. However, the rules and tips hereby discussed apply to all supported altcoins for margin trading, i.e. Ethereum (ETH), Ripple (XRP), Solana (SOL) and more. In essence, crypto margin tradi...