Category: Economy

Solana is one of the safe havens in the crypto market right now. While all other altcoins are in the red zone, SOL is among the few maintaining profitability levels, which could be attributed to the potential of the newly launched Solanax DEX platform.

At the time of writing, SOL is trading at $30.48 on major exchanges, after a 13.4% increase in 24 hours.

Solana Price Analysis

The Solanax platform will be launching an Initial Exchange Offering (IEO), and its private sale is slated to end on June 25. This sale is expected to boost the demand and value of the token. Investors speculating that prices will rise during that period could be causing the recent SOL uptrend with hopes that SOL’s price will surge.

Solana’s largest decline was in May when the token went to trading at support levels of $19.50. However, the price created a new … Read more

Bitcoin (BTC) Price Prediction – June 15, 2021

BTC/USD price makes positive moves to the previous highs as Bitcoin reclaims $40,000. The bulls are yet to sustain above $40,000 resistance convincingly. Presently, BTC price is fluctuating below and above the resistance level. This will be the first time; Bitcoin will be breaking the $40,000 price level since May 20. Can the bulls sustain the bullish momentum?

Resistance Levels: $45,000, $46,000, $47,000
Support Levels: $35,000, $34,000, $33,000

Buy Bitcoin Now

Bitcoin (BTC) has been in a downward correction since May 19. On June 12 and June 13, BTC price retested the $35,000 support which resulted in a rebound above the current support. The rebound catapulted the coin to rally to $39,000 resistance. After two days of the correction below the resistance, BTC price broke the resistance and rallied above $40,000. Buyers are yet to sustain the bullish … Read more

Ripple Price Prediction – June 14

Ripple (XRP) may experience more potential damage as the price consolidates in a tight range.

XRP/USD Market

Key Levels:

Resistance levels: $1.25, $1.35, $1.45

Support levels: $0.62, $0.52, $0.42

XRP/USD is seen consolidating within the channel and has been range-bound recently. The Ripple price faced stiff resistance on approach to psychological $0.98 and it is trading at $0.87 at the time of writing. Since the beginning of today’s trading, XRP/USD loses 0.94% on a day-on-day basis after touching the $0.90 resistance level.

Ripple Price Prediction: Price May Break to the Downside

At the moment, the Ripple price is following a sideways movement as the coin begins to experience a price drop in the market. Nevertheless, after touching the $0.90 level today, XRP/USD has been waiting for a break above the 9-day and 21-day moving averages to the upside, but with … Read more

Bitcoin (BTC) Price Prediction – June 12, 2021

About 48 hours ago, Bitcoin bulls failed to sustain above the $38,000 high as Bitcoin revisits $30,000 low. The breaking of the $39,000 resistance is necessary for Bitcoin to rally above $40,000. Once buyers reclaim the $40,000 support, the bullish momentum will extend to $46,000 high.BTC/USD price lacks buyers at higher price levels as the crypto find it difficult to resume upside momentum.

Resistance Levels: $45,000, $46,000, $47,000
Support Levels: $35,000, $34,000, $33,000

Buy Bitcoin Now

Following the bulls’ failure to break the $38,000 resistance, the BTC price was fluctuating below the resistance level for three days. Thereafter, Bitcoin slumped above the $35,000 support. On the upside, if the bulls break the $38,000 and $39,000 resistance, BTC’s price will rally above $40,000 high. Incidentally, if the $40,000 resistance is cleared, a rally to the previous highs is possible. … Read more

Dogecoin, a token created as a joke to mock bitcoin, has become a major digital asset whose holders are increasing by the day. Elon Musk’s favourite coin has slumped by more than 20% in the past seven days and lost 4.5% in the past 24 hours.

DOGE started June with very high hopes after being listed on one of the leading exchanges in the US, Coinbase Pro. However, the coin seems to be stumbling again, and it is edging towards a strong bearish momentum.

At the time of writing, dogecoin was trading at $0.304 on major exchanges after falling by around 4.5% from the previous day’s closing price.

Dogecoin Price Analysis

Dogecoin’s recent fall may prepare the token for another weekend rally, which may fuel the coin for another upward price movement such as the one caused by the ‘Coinbase Effect’ on June 4.

In … Read more