| 
| Selfkey 
| #KEY
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| KEY Price: | $0.00440 | | Volume: | $1.2 M | | All Time High: | $0.09 | | Market Cap: | $23.3 M |
|
| Circulating Supply: | 5,304,969,446 |
| Exchanges: | 12
| | Total Supply: | 5,999,999,954 |
| Markets: | 17
| | Max Supply: | 5,999,999,954 |
| Pairs: | 17
|
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The price of #KEY today is $0.00440 USD.
The lowest KEY price for this period was $0, the highest was $0.00440, and the exact current price of one KEY crypto coin is $0.00440082.
The all-time high KEY coin price was $0.09.
Use our custom price calculator to see the hypothetical price of KEY with market cap of BTC or other crypto coins. |
The code for Selfkey crypto currency is #KEY.
Selfkey is 4.7 years old. |
The current market capitalization for Selfkey is $23,346,218.
Selfkey is ranking downwards to #424 out of all coins, by market cap (and other factors). |
The trading volume is big during the past 24 hours for #KEY.
Today's 24-hour trading volume across all exchanges for Selfkey is $1,163,090. |
| The circulating supply of KEY is 5,304,969,446 coins, which is 88% of the maximum coin supply. |
| Note that there are multiple coins that share the code #KEY, and you can view them on our KEY disambiguation page. |
 | TA: Ethereum Price Could Rally If It Closes Above This Key Level
Ethereum is showing positive signs above the $1,300 level against the US Dollar. ETH could rally if it clears the $1,330 and $1,350 resistance levels.
Ethereum is slowly moving higher and trading above the $1,300 level. The price is now trading above $1,310 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear move above the $1,350 resistance. Ethereum Price Remains Supported
Ethereum remained well bid above the $1,250 level. There was a minor increase above the $1,280 and $1,288 levels. ETH is showing positive signs above the $1,300 level and the 100 hourly simple moving average.
The price climbed above the 50% Fib retracement level of the downward move from the $1,372 swing high to $1,265 swing low. The price even settled above the $1,310 level and the 100 hourly simple moving average.
There is also a key bullish trend line forming with support near $1,320 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $1,330 zone. It is near the 61.8% Fib retracement level of the downward move from the $1,372 swing high to $1,265 swing low.
Source: ETHUSD on TradingView.com
A clear break above $1,330 might start a decent increase towards the $1,355 level. If the bulls remain in action, the price could rise towards the $1,375 level. Any more gains may perhaps open the doors for a move ...
|  | Bella Protocol Shows Strength, Can Bulls Break A Key Resistance?
BEL price creates more bullish sentiment as price struggles to break and hold above the daily 50 EMA
BEL looks more stable as bulls breakout of a descending triangle
The price of BEL could face major resistance at $1
Bella Protocol (BEL) had a rocky start to the year, failing to live up to its initial hype. However, this could be set aside as the price has recently turned bullish against tether (USDT). Bella Protocol (BEL) has seen more of a downtrend than an upside in the bear market, with the price struggling to regain the bullish structure and failing each time, with Bitcoin (BTC) falling to a region of $18,700, affecting the price of altcoins. (Data from Binance)
Bella Protocol (BEL) Price Analysis On The Weekly Chart
The cryptocurrency market hasn't had the best price movement in recent times, but that doesn't mean that some crypto assets haven't shown great strength in bouncing from their lows and breaking out of their downtrends to establish bullish momentum.
Despite showing less price movement in recent weeks, the price of BEL has continued to trade below the key resistance level of $0.67, preventing a rally to new highs.
The price of BEL ended the week looking more bullish as bulls pushed the price to break the resistance at $0.67, setting up a more bullish price movement for the price of BEL in the coming week.
The price of BEL is being rejected near $0.65, preventing it from trending higher. The price of BEL has previously been affected by news from t...
|  | Binance Coin (BNB) Bulls Defends Key Zone, Will The Give Up?
BNB price creates mixed feelings on the high timeframe as price forms a descending triangle on the daily chart while an ascending triangle forms on the weekly chart.
BNB looks more stable as the price aims to flip the $340 resistance to set up a bullish sentiment.
The price action of the Binance Coin (BNB) continues to look strong despite the price forming a bilateral chart pattern on the daily and weekly timeframe. Surprisingly Bitcoin (BTC) movement in a range has had little effect on the price of Binance Coin (BNB), with BNB creating more hope of a better price moment in October. (Data from Binance)
Binance Coin (BNB) Price Analysis On The Weekly Chart
Weekly BNB Price Chart | Source: BNBUSDT On Tradingview.com
Despite showing a great price movement in recent weeks as the price rallied to a high of $337 before facing rejection, the price of BNB has handled the rejection pretty well as price bounced from a weekly low of $270 to a region of $283 as price holds up the key region.
The price of BNB retraced to a region of $270 after a rejection that affected the price from trending higher, coupled with the news from Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) having a negative impact. BNB price so far has handled the reactions very well over the weeks, with the price looking more decent in price action.
BNB's price needs to break and hold above $350 for the price to rally to a higher region with more bullish sentiments.
Weekly r...
|  | Kenyan Central Bank Raises Key Rate by 75 Basis Points
The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well as their likely impact on the domestic economy. Growing Inflationary Pressures
Following its latest meeting, the monetary policy committee (MPC) of the Central Bank of Kenya (CBK) announced it approved increasing the central bank rate (CBR) from 7.50 percent to 8.25 percent. The MPC, which is chaired by the central bank governor Patrick Njoroge, approved the interest rate adjustment to shield Kenya from the imploding global economy.
With the upward adjustment of the CBR, the Kenyan central bank appeared to follow in the footsteps of the Central Bank of Nigeria which recently increased its monetary policy rate by 150 basis points. However, unlike the CBN, which hiked interest rates after seeing its inflation rate jump from 17.01% in July to 20.52% in August, the Kenyan MPC took the step to increase the CBR by 75 basis points even when the East African nation's inflation rate only went up by 0.2% from 8.3% in July to 8.5% in August.
Justifying its decision, the MPC cites growing inflationary pressures and the increased global risks, as well as their likely impact on the domestic economy. In a statement, the MPC revealed it took the step after observing there was 'scope for a tightening of the monetary policy to fur...
|  | TA: Ethereum Price Eyes Fresh Surge, 100 SMA Holds The Key
Ethereum recovered losses and climbed above the $1,320 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350.
Ethereum found support near the $1,250 level and recovered losses. The price is now trading above $1,300 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above the $1,350 resistance zone. Ethereum Price Remains Strong
Ethereum found support near the $1,250 level after a strong decline. ETH traded as low as $1,253 and started a fresh increase. There was a steady increase and the price was able to clear the $1,300 resistance.
The bulls were active above the $1,300 level. There was a clear move above the 50% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. The price is now trading above $1,320 and the 100 hourly simple moving average.
There is also a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $1,350 and $1,355 levels.
The next major resistance is near $1,365 level. It is near the 76.4% Fib retracement level of the downward move from the $1,399 swing high to $1,253 low. A clear break above $1,365 might start a decent increase towards the $1,400 level.
Source: ETHUSD on TradingView.com
Any more gains may...
|  | Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plun...
Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to 'narrow the negative real interest rate gap and rein in inflation.' The rate increase came just days after the naira's parallel exchange rate against the dollar plunged to a new low. Narrowing the Negative Real Interest Rate Gap
According to the Central Bank of Nigeria (CBN), members of the bank's monetary policy committee (MPC) have voted 'unanimously to raise the policy rate to narrow the negative real interest rate gap and rein in inflation.' Following the vote, Nigeria's key interest rate - the monetary policy rate (MPR) - now stands at 15.5%, up from 14%.
In a statement, the CBN said the decision to increase MPR by 150 basis points was made because members of the MPC felt that any attempt to loosen the policy rate would be detrimental.
At this [MPC] meeting, the option to loosen the policy rate was not considered as this would be gravely detrimental to reining-in inflation … The Committee thus voted unanimously to raise the Monetary Policy Rate (MPR) and the Cash Reserve Requirement (CRR). Ten members voted to raise the MPR by 150 basis points, one member by 100 basis points, and another member by 50 basis points.
Nigeria's inflation rate, which has now grown by 280 basis points in just four months, stood at 20.52% in August 2022. To stop it...
|  | ETH Nearing Key Support: $1K to Be Retested if it Breaks (Ethereum Price...
Despite a 7% spike for Ethereum in the last 48 hours, followed by a steep decline, the possibility of a bullish rally remains low. The price has yet to recover from the major drops that took place in September.
The first step towards bullish sentiment would be to reclaim the critical level of $1,550.
Technical Analysis
By Grizzly
The Daily Chart
As seen below, an ascending triangle pattern (in yellow) has developed on the ETH/USDT trading pair chart. This pattern is textbook bullish (most breakouts' direction is to the bullish side), but the price is still nowhere near breaking the top of this triangle.
The horizontal level of $1,550 (in red) has become crucial support since early August but now has become a strong resistance. This is the first significant barrier before attempting for $2000.
Assuming the price can not surpass the $1,550 mark and drops to the bottom of the triangle, the possibility of breaking to the downside increases with each attempt. Additionally, if ETH drops below $1,240, a retest of $1,000 is not out of the question.
In conclusion, the above-mentioned horizontal levels of $1,420 and $1,550 should be watched closely.
Key Support Levels: $1240 & $1000
Key Resistance Levels: $1550 & $2000
Daily Moving Averages:
MA20: $1473
MA50: $1597
MA100: $1479
MA200: $1985
The ETH/BTC Chart
Against Bitcoin, the price action has not changed structurally over the past week. Buyers maintain the critical level of 0.066-0.067 BTC (in green). Unless ETH breaks below, anoth...
|  | TA: Ethereum Price is Showing Early Signs of Fresh Rally, But $1,400 is ...
Ethereum is gaining pace above $1,360 against the US Dollar. ETH could start a fresh rally if there is a clear move above the $1,400 resistance zone.
Ethereum is showing positive signs above the $1,320 and $1,350 support levels. The price is now trading above $1,350 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,342 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if it clears the key $1,400 resistance zone. Ethereum Price Aims Higher
Ethereum was able to form a support base above the $1,260 level. ETH started a steady increase after it cleared the $1,300 resistance, similar to bitcoin.
The price cleared the $1,330 and $1,350 resistance levels to enter a positive zone. Besides, there was a break above a major bearish trend line with resistance near $1,342 on the hourly chart of ETH/USD. The pair is now trading above the 76.4% Fib retracement level of the downward move from the $1,419 swing high to $1,219 low.
Ether price is also trading above $1,350 and the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,395 and $1,400 levels.
The next major resistance is near $1,420 level. A clear break above $1,420 might start a decent increase towards the $1,465 level. It is near the 1.236 Fib extension level of the downward move from the $1,419 swing high to $1,219 low.
Source: ETHUSD on TradingView.com
Any more gains may perhaps open th...
|  | Polkadot Price Watch: What A Drop In This Key Area Can Mean For DOT?
OK
Polkadot (DOT) - which is seen to be on a winning streak in terms of social media metrics and development activity - has been on a retreat recently.
DOT social media metrics nosedives
Polkadot’s decline in developer activity could leave a bad taste in the mouth of investors
DOT’s NFT volume off to as high as 1.64 million on September 24
Is this sudden drop in both metrics just a temporary hiccup or could be a warning signal to investors?
Judging by the chart below, DOT price was seen to have nosedived in terms of development activity in the past few days. It’s surprising as Polkadot has been outpacing other cryptocurrencies over the past week but seems to be losing steam now.
DOT Social Volume Down, Bearish Movement Looms
The reduction in terms of development activity hints at the lack of developers working on Github. Evidently, this lack of development activity could leave a negative impression on investors.
DOT’s social volume has capsized which could likely trigger an enhanced bearish movement. Notably, there is also a drop in DOT’s social media engagement in the past few days. The social metrics of Polkadot are seen to have nosedived by 12.6% as seen in the past month. More so, its weighted sentiment has also dropped below 0. These on-chain metrics show the increasingly negative sentiment circling DOT.
Despite DOT looking intensely bearish, the crypto has seen a massive improvement in terms of NFT. With that being said...
|  | TA: Bitcoin Price Holds Ground, Why Close above $20K Is The Key
Bitcoin is holding the key $18,500 support zone against the US Dollar. BTC must settle above the $20,000 resistance zone to move into a positive zone.
Bitcoin is struggling to gain momentum above the $19,500 resistance zone. The price is trading below $19,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $19,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could stage a fresh rally if there is a clear move above the $19,500 resistance zone. Bitcoin Price Consolidates
Bitcoin price made another attempt to clear the $19,500 resistance zone. However, BTC struggled and formed a short-term top near the $19,400 level.
A high was formed near $19,392 and the price declined. There was a move below the $19,000 level and the 100 hourly simple moving average. The pair traded as low as $18,645 and is currently consolidating losses. There was a minor increase above the $18,800 level.
Bitcoin price climbed above the 23.6% Fib retracement level of the recent decline from the $19,392 swing high to $18,645 low. On the upside, an immediate resistance is near the $19,000 level and the 100 hourly simple moving average.
There is also a key bearish trend line forming with resistance near $19,020 on the hourly chart of the BTC/USD pair. The trend line is near the 50% Fib retracement level of the recent decline from the $19,392 swing high to $18,645 low.
Source: BTCUSD on TradingView.com
The next major resistanc...
|  | ETH Maintained Key Support, But the Danger's Still Not Over: Ethereum Pr...
Following the last red days, ETH has hit the support area between the white descending line and the price range at $1,220-$1,280 (in green). So far, the bulls have successfully maintained the high selling pressure; however, the situation is still fragile.
Looking at the bullish case, ETH must close above the key resistance at $1,420 (in red). The first target of such a movement can be considered at $1650. However, the danger is still here, and if the support range at $1220 breaks, ETH is likely going for a retest of around $1K.
Key Support Levels: $1220 & $1000
Key Resistance Levels: $1420 & $1650
Daily Moving Averages:
MA20: $1513
MA50: $1620
MA100: $1472
MA200: $2004
The ETH/BTC Chart
Against BTC, ETH found support amid the 0.067 BTC level (in green) and was able to reclaim the significant 200-day moving average line (in white).
ETH must break above the 0.073 BTC key resistance (in red) to turn back onto the bullish track. Due to Ethereum's decline below the most recent bottom, both against USD and BTC, a bearish continuation is a more likely scenario right now.
The recovery towards new highs may take some time because of the current negative sentiment.
Key Support Levels: 0.067 & 0.065 BTC
Key Resistance Levels: 0.073 & 0.08 BTC
Technical Analysis By Grizzly
On-chain Analysis
Exchange Outflow (Top10) (SMA 14)
Definition: The total outflow of coins from exchanges - the top 10 transactions.
A high value indicates an increasing number of investors withdrawing large amo...
|  | Former Obama Adviser Plays a Key Role at BlockchainCom
Jim Messina - one of Barack Obama's closest advisers during his presidency reign in the USA - has taken an executive role at the popular cryptocurrency platform - BlockhainCom. The veteran politician is responsible for the firm's government relations and policy strategy.
Another American official who transitioned to the world of crypto is Brian Brooks. The former Acting Comptroller of the Currency in the US is currently the CEO of the bitcoin mining firm Bitfury Group.
Pivoting Toward Crypto
In a recent interview for CNBC, BlockchainCom's CEO - Lane Kasselman - disclosed that Jim Messina joined the company in 2021. He serves as a key adviser on the firm's government relations as it plans to strengthen its presence in Europe and expand globally.
Kasselman described Messina as an important figure in the organization who often advises the team on lobbying strategy. The CEO noted that much of BlockchainCom's success in Europe and the US is thanks to his efforts:
'You can say that we are probably one of the most prolific companies when it comes to public policy engagement related to crypto globally, certainly in the US and western Europe. That's a direct result of Jim and his guidance on that front.'
Kasselman further revealed that his company had some issues with members of the European Parliament since they were considering making non-custodial wallets illegal. After lengthy negotiations, Messina managed to change their mind:
'It's core to our business belief that we should give...
|  | TA: Bitcoin Price Attempts Recovery, Why 100 SMA Is The Key
Bitcoin started an upside correction from the $18,223 low against the US Dollar. BTC climbed above $19,000, but it is now facing resistance near the 100 hourly SMA.
Bitcoin traded as low as $18,223 before it started an upside correction. The price is still trading below $20,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $19,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the trend line and the 100 hourly SMA to continue higher towards $20,500. Bitcoin Price Recovers Above $19,000
Bitcoin price extended losses after it settled below the $19,000 level. BTC broke the $18,500 support zone and traded as low as $18,223.
There was no test of the $18,000 zone and the price started an upside correction. There was a steady increase above the $18,500 and $18,800 levels. The price was able to clear the 50% Fib retracement level of the downward move from the $20,198 swing high to $18,223 low.
Bitcoin price even spiked above the $19,500 resistance zone. However, the bears were active near the $19,600 level and the 100 hourly simple moving average.
There is also a key bearish trend line forming with resistance near $19,650 on the hourly chart of the BTC/USD pair. The trend line is near the 76.4% Fib retracement level of the downward move from the $20,198 swing high to $18,223 low.
Source: BTCUSD on TradingView.com
On the upside, an immediate resistance is near the $19,600 level and the t...
|  | Solana Holds Key Support To Avoid Drowning, How Long Can This Last?
The price of Solana (SOL) has been volatile against tether (USDT), causing more pain for hodlers. Despite showing such strength, the price of Solana (SOL) has risen from $30 in recent weeks to around $45, as many investors hoped for more relief rallies to around $60. Solana (SOL) prices were rejected and have continued to fall with no significant bounce. (Data from Binance)
Solana (SOL) Price Analysis On The Weekly Chart
SOL's price dropped from $250 to around $30, representing a drop of more than 70% from its all-time high. After touching a weekly low of $32, the price of SOL rallied to $45, demonstrating great strength as many set prices and expectations for a rally back to $60, but the price was met with rejection.
On the weekly chart, the price of SOL formed a downtrend line as it continued to respect this resistance line, bouncing off to continue its bearish run. Nonetheless, the price of SOL was rejected from the trendline resistance after a while, and it could not break this trendline.
SOL is trading above the key support level of $30; the price of SOL must remain above this level to avoid falling to $24-$20. With the price of SOL holding this support, we may be able to trade higher to the $35 region. A break below $30 would signal a return to lower demand zones and a reluctance of bulls to enter buy orders as there would be more agitation for lower prices.
To resume its bullish trend, SOL's price must break and hold above the trendline resistance that is preven...
|  | Despite Massive Bullish Momentum, XRP Fails to Break Above Key Resistanc...
The announcement that the Ripple vs SEC case would soon be settled led to a significant XRP price boost over the last few days. The below chart shows the highest volume traded in XRP since June 30 as a result of buying pressure.
Technical Analysis
By Grizzly
The Daily Chart
After bottoming out in June at roughly $0.28, the price of XRP surged by more than 30%. This mini-rally resulted in another attempt to break the key horizontal resistance at $0.4 (in red). However, so far, the critical level had rejected those attempts.
In the previous attempt that happened in mid-August, the bears pushed the price to short-term support (in green) around $0.32. After retesting this level multiple times, making it a local bottom, Ripple bounced back for another retest of the $0.4 level. A daily close above the level will be the first sign for the next possible bullish wave.
The asset may break out from the 100-day consolidation period as a result of such a move, though, as of yet, the bears haven't allowed this to occur. This bullish structure is valid as long as the price sustains support at $0.35.
Key Support Levels: $0.35 & $0.32
Key Resistance Levels: $0.40 & $0.50
Daily Moving Averages:
MA20: $0.34
MA50: $0.35
MA100: $0.34
MA200: $0.49
The XRP/BTC Chart
Against Bitcoin, the bulls clearly dominate the market. They have pushed the price above the barrier in the $1,700–1,800 area (in red). If the bullish sentiment continues, the next obstacle will be found at 2000 SATs (in white).
...
|  | TA: Ethereum Key Indicators Suggest A Strengthening Case For More Losses
Ethereum declined sharply from the $1,655 resistance zone against the US Dollar. ETH is struggling and remains at a risk of more losses below the $1,450 level.
Ethereum started a fresh decline after it failed to clear the $1,650 resistance zone. The price is now trading below $1,550 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate further lower below the $1,450 support zone in the near term. Ethereum Price Starts Fresh Decline
Ethereum failed to gain strength for a move above the $1,650 and $1,660 resistance levels. ETH formed a top near the $1,653 level and started a fresh decline.
There was a steady decline below the $1,600 level and the 100 hourly simple moving average. The price even traded below the $1,550 and $1,520 support levels. There was a drop over around 10% and the price traded as low as $1,453.
Ether price is now consolidating losses above the $1,450 level and below the 100 hourly simple moving average. On the upside, the price is facing resistance near the $1,500 level. It is near the 23.6% Fib retracement level of the recent decline from the $1,653 swing high to $1,453 low.
The next major resistance is near the $1,550 and $1,560 levels. It is near the 50% Fib retracement level of the recent decline from the $1,653 swing high to $1,453 low.
Source: ETHUSD on TradingView.com
A clear break above $1,560 might send the ...
|  | Crypto Volatility Might Rise After The Major Key Events Ahead
The crypto market has been filled with so much volatility in the past months. Bitcoin price barely gained a 1% increase to the $20,373 mark; Ethereum and other altcoins prices are still in the dump. Crypto community members and experts predict a further slump come October.
Amidst the market highs and lows, the industry is set to record three significant events this week. Perhaps, the market will experience more volatility in the coming months, considering the happenings in the industry in the previous months.
Merge Might Affect The Crypto Market
This week comes the most intensive upgrade in Ethereum history, known as the merge. The merge is slated to take place around September 15.
During the merge, the Ethereum blockchain will transition from proof-of-work (POW) to proof-of-stake (POS). Ethereum mining rewards are approximately 13,000 ETH per day in the present POW system. After the merge, the staking rewards will become only 1,600 ETH per day approximately.
According to a blog post by the Ethereum Foundation on the official website, ETH issuance will drop by 90% after the merge. The burning of ETH will be at an average gas price of 19 gwei, and 1,600 ETH will be burned daily, reducing net ETH inflation to zero.
Countdown to the time of the merge upgrade is one, but the unavoidable fact is the increase in market volatility post-merge.
Mt. Gox Trustee Sets Deadline Against $3B BTC Payout
Defunct Japanese cryptocurrency trading company Mt. Gox’s trustee Nobuak Kobayashi...
|  | TA: Bitcoin Price Trims Gains, Why $20K Is The Key To Fresh Increase
Bitcoin started a sharp downside correction below the $22,000 level against the US Dollar. BTC must stay above the $20,000 support to avoid more losses.
Bitcoin failed to clear $22,750 and started a sharp downward move. The price is now trading below $21,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $21,810 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is consolidating above the $20,000 level, with a minor bullish angle. Bitcoin Price Dives To $20K
Bitcoin price attempted to gain strength above the $22,000 and $22,500 resistance levels. The price even spiked above the $22,750 resistance zone and the 100 hourly simple moving average.
However, the price failed to gain strength and topped near the $22,768 level. As a result, there was a bearish wave below the $22,000 and $21,500 levels. There was also a move below the $21,000 level and the 100 hourly simple moving average.
Besides, there was a break below a key bullish trend line with support near $21,810 on the hourly chart of the BTC/USD pair. Bitcoin price even tested the $20,000 zone. A low is formed near $19,921 and the price is now consolidating losses.
On the upside, an immediate resistance is near the $20,600 level. It is near the 23.6% Fib retracement level of the recent decline from the $22,768 swing high to $19,921 low.
Source: BTCUSD on TradingView.com
The next major resistance sits near the $21,350 level. It coincides wi...
|  | Bitcoin Slumps Below Key Support Level. How Low Can It Get?
Bitcoin have retreated to a crucial area of support that served as the upper limit of the negative movement in late June at the 18,000 range.
Bitcoin Breaks Crucial Level
After falling below the bear flag at the middle of August, prices were able to fall further on a break of 20,000 before reaching a crucial area of support at around 19,600. Although it has just returned to action, this level has also served as a critical source of resistance for the leading cryptocurrency since 2017.
BTC/USD falls below $20k.
This places a strong downward pressure on Bitcoin as it moves into September. Additionally, according to cryptocurrency expert Ali Martinez, Bitcoin's market share has fallen below 39% for the first time since 2018.
For Bitcoin maximalists, this is troubling news as alternative cryptocurrencies continue to overtake the cryptocurrency monarch.
Popular cryptocurrency analysts have also drawn attention to a concerning trend in Bitcoin's prior September performance.
For instance, according to one expert, Bitcoin has experienced a losing month-end in nine of the last twelve Septembers. On September 7th, Glassnode reported that 19.29 million BTC addresses had losses.
Source: Glassnode
When BTC/USD hit an all-time high of $19,666 on December 17, 2017, it reached its pinnacle. Since then, a breach of this zone in December 2020 has driven an upswing that has helped the major cryptocurrency increase before reaching a new record high of $69,000 in November of last year.
Selling...
|  | Bitcoin Breaks Key Support Of $19,000 As Bulls Sweats, What Is Next?
The price of Bitcoin (BTC) showed indecision for weeks as the price moved in a range for weeks between $19,500-$20,000, with the price stalling on the next movement. Despite so many expectations of the price having a short squeeze to a range of $21,600 before Bitcoin (BTC) next moves down, this wasn't the case as the price broke below key support of $19,000. (Data from Binance)
Bitcoin (BTC) Price Analysis On The Weekly Chart
Weekly BTC Price Chart | Source: BTCUSDT On Tradingview.com
The price of BTC has had difficulty replicating its bullish move that has created euphoria in recent months, with the price dwindling with every passing week. BTC's price after touching its previous all-time high of $19,000, many expected a bounce off the price to new highs to form support, but the price has continued to retest this support zone of $19,000, making it weaker to hold off sell orders.
BTC price needs to bounce from the current price of $18,800 to reclaim the region of $19,100 for a relief rally to be possible; if the BTC price fails to reclaim the $19,100 region, we could see the price going lower, which would not be good for bulls and the state of the crypto market.
If the BTC price maintains this bearish structure, we could see the price of BTC retesting monthly lows.
Weekly resistance for the price of BTC - $20,600.
Weekly support for the price of BTC - $18,500 -$17,500
Price Analysis Of BTC On The Daily (1D) Chart
Daily BTC Price Chart | Source: BTCUSDT On Tradingview.co...
|  | TA: Ethereum Nosedives, Why $1,500 Is The Key For More Losses
Ethereum failed to test $1,700 and started a major decline against the US Dollar. ETH declined over 7% and there was a move below the $1,540 support.
Ethereum started a major decline below the $1,600 and $1,540 support levels. The price is now trading below $1,600 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $1,500 support to avoid more losses in the near term. Ethereum Trimmed Gains
Ethereum climbed above the $1,620 and $1,650 resistance levels. However, ETH failed to test the $1,700 resistance zone. A high was formed near the $1,686 level and there was a sharp bearish wave, similar to bitcoin.
The price declined below the $1,620 and $1,600 support levels. There was a break below a major bullish trend line with support near $1,570 on the hourly chart of ETH/USD. The pair even broke the $1,540 support level and the 100 hourly simple moving average.
Ether price spiked below the $1,500 level and a low is formed at $1,490. It is now consolidating losses above the $1,500 level. An immediate resistance on the upside is near the $1,520 level.
The next major resistance is now forming near the $1,540 level. It is near the 23.6% Fib retracement level of the recent decline from the $1,686 swing high to $1,490 low. A clear move above the $1,540 level might push the price towards the $1,565 level.
Source: ETHUSD on TradingView.com
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|  | Ripple Lawsuit: Here Are Important Dates to Note in September, With Key ...
According to recent updates shared by James K.Filan, 'The Parties are filing their Replies to the Responses to the Motions to Exclude Expert Testimony.' Filan commented that these will be filed under seal until the sealing issues are briefed and Judge Torres decides what will be made public.
#XRPCommunity #SECGov v. #Ripple #XRP The Parties are filing their Replies to the Responses to the Motions to Exclude Expert Testimony today. As noted below, they will be filed under seal until the sealing issues are briefed and Judge Torres decides what will be made public. pic.twitter.com/26mVa6MyRh — James K. Filan 110k (beware of imposters) (@FilanLaw) August 31, 2022
Both parties are expected to move to seal any portion of the filings together with proposed redactions filed under seal by Sept. 9 for exclusion motion replies, per the briefing timetable mutually proposed earlier in August. Responses to the motion to be sealed must be submitted by Sept. 16, as well as the exclusion motion replies.
Depending on the decisions that will be made and the motions that will be submitted, the remaining months of 2022 may be crucial in the dispute. By Sept. 13, motions for summary judgment are anticipated. Before Judge Torres makes her final decision, the opposition must be received by Oct. 18 and must be answered by Nov. 15. Filan predicts that Judge Torres' decision on expert motions and summary judgment might come on or before March 31, 2023.
$15 billion lost as result of lawsuit
Acc...
|  | Inter-Blockchain Communication: The Key to Blockchain Mass Adoption
Blockchain’s stature is growing exponentially. Business spending on blockchain is predicted to be $11.7 billion by Q4 of 2022 and one of the prime factors for this is the increased importance of data integrity, security, decentralization, and reliability in operations. As more businesses and people start to grow aware of blockchain’s transformative potential, it is undoubtedly said to reach new milestones.
Web 3.0 firms have been spearheading innovations in the crypto space and are germinating Blockchain into the very heart of organizations’ business processes and are adding significant value in enterprise solutions. Several DLT ecosystems and applications have emerged to meet the niche needs of industries and offer solutions to a range of use cases.
Despite this, blockchain is yet to witness mass adoption.
Part of this slow adoption can be attributed to the technology’s inherent traits: that it occurs very gradually until 8-10% before exploding in usage. However, a major cause of this holdup can be attributed to the fact that blockchains and dApps lack the ability to connect, transfer data and interact with other chains. This is known as ‘interoperability’.
Interoperability: The Tipping Point To Mass Adoption
Blockchains, as they stand today, are self-contained ecosystems. Each chain is independent, has its own set of codes, and is not readily readable by another blockchain.
Practically, this means that the features and benefits of blockch...
|  | TA: Ethereum Just Saw Key Technical Correction, But 100 SMA Is Still Str...
Ethereum failed to stay above the $1,600 resistance against the US Dollar. ETH is correcting lower and must stay above $1,540 to continue higher.
Ethereum failed to clear the $1,620 and $1,625 resistance levels. The price is now trading near $1,550 and the 100 hourly simple moving average. There is a major rising channel forming with support near $1,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $1,540 and $1,500 support levels. Ethereum Price Remains Supported
Ethereum attempted an upside break above the $1,620 level, but struggled. The bears were active near the $1,620 zone and the price started a downside correction.
A high was formed near $1,619 before the price corrected lower. There was a drop below the $1,560 level and the 100 hourly simple moving average. However, the bulls were active near the $1,530 and $1,525 levels. A low was formed near $1,530 and the price is now consolidating.
There was a move above $1,550 and the 100 hourly simple moving average. The price climbed above the 50% Fib retracement level of the recent decline from the $1,619 swing high to $1,530 low.
It is now consolidating near $1,550 and the 100 hourly simple moving average. There is also a major rising channel forming with support near $1,540 on the hourly chart of ETH/USD. It is facing resistance near the $1,580 and $1,585 levels.
The 61.8% Fib retracement level of the recent decline from the $1,619 swing high to $1,530 lo...
| | TA: Bitcoin Price Reclaims $20K, Why 100 SMA Is The Key To More Upsides
Bitcoin started a recovery wave above the $20,000 resistance against the US Dollar. BTC is now facing a strong resistance near the 100 hourly SMA.
Bitcoin started a minor upside correction and climbed above the $20,000 resistance. The price is now trading below the $20,500 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $20,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $20,400 zone and the 100 hourly SMA to continue higher. Bitcoin Price Faces Hurdles
Bitcoin price found support near the $19,525 zone and started a minor upside correction. BTC was able to clear the $19,700 and $19,800 levels to start the current recovery wave.
There was a clear move above the $20,000 resistance zone. Besides, there was a break above a key bearish trend line with resistance near $20,000 on the hourly chart of the BTC/USD pair. The pair climbed above the 23.6% Fib retracement level of the key decline from the $21,875 swing high to $19,525 low.
However, the price is now facing a major resistance near the $20,400 zone and the 100 hourly simple moving average. The bulls made a couple of attempts to clear the 100 hourly simple moving average but failed.
Bitcoin price is now trading below the $20,500 level and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $20,350 level and the 100 hourly SMA. The next major resistance sits near the $20,700 le...
|  | Avalanche Price Slips At $30 As AVAX Eyes Key Support
The price of Avalanche (AVAX) slips at $30 against Tether (USDT) as Avalanche (AVAX) eyes key support to hold the price from selling off. AVAX showed great strength rallying to a high of $30 but was rejected as Bitcoin's (BTC) price continued to go lower, affecting the price of AVAX from trending higher. (Data from Binance)
Avalanche (AVAX) Price Analysis On The Weekly Chart
Weekly AVAX Price Chart | Source: AVAXUSDT On Tradingview.com
According to the chart, the price of AVAX had a strong bullish bias at $30, but the price was rejected from that region, causing the price of AVAX to move downward.
After hitting a weekly low of $14.5, AVAX rallied to a high of $30, with hopes of retesting $50. The price was rejected at $30 and has since remained bullish.
The price of AVAX closed with a weekly bearish candle, and the price volume suggests that the new week will be even more bearish.
If AVAX maintains its current structure, we could see a retest of the support at $14.5 or lower, depending on sell volume.
Weekly resistance for the price of AVAX - $30.
Weekly support for the price of AVAX - $14.5.
Price Analysis Of AVAX On The Daily (1D) Chart
Daily AVAX Price Chart | Source: AVAXUSDT On Tradingview.com
AVAX's price reached a daily low of $16, forming good support for the price to bounce off.
|  | Kucoin Token Struggles To Hold Key Support at $8, How Low Can It Go?
The price of Kucoin Token (KCS) has struggled to hold its key support against Tether (USDT) in recent times after showing a great recovery bounce as it cracks double-digit gains. Bitcoin (BTC) being rejected from a high of $25,200 to a region of $20,000 in the past few days has negatively affected the price of other altcoins, including Kucoin Token (KCS). (Data from Kucoin)
Kucoin Token (KCS) Price Analysis On The Weekly Chart
Weekly KCS Price Chart | Source: KCSUSDT On Tradingview.com
From the chart, the price of KCS had a strong bullish bias at $22, but the price was rejected from that region, leading to a more downward movement for KCS.
After seeing two weeks of bearish sentiment, the price of KCS looks set to bounce from its key support from what seems to be an area of interest for bulls.
The price of KCS is faced with resistance at $11 after it rallied from a low of $8.5; KCS needs to break this region of resistance with good buy volume to trend higher to $13.
If the price of KCS fails to hold the support at $8.5, we could see the price going lower to the support area at $6.
Weekly resistance for the price of KCS - $11-$13.
Monthly support for the price of KCS - $8-$6.
Price Analysis Of KCS On The Daily (1D) Chart
Daily KCS Price Chart | Source: KCSUSDT On Tradingview.com
KCS' weekly daily low was $8.5, which formed good support for the price to bounce off. KCS' price rallied to $11 but could not flip the resistance as the price was sharply rejected.
KCS' pr...
|  | TA- Binance Coin (BNB) Loses $300 Key Support, Are Bears Taking Over?
Binance Coin (BNB) has shown significant strength in recent weeks against Tether as it has maintained its bullish sentiment. Despite the market retracement, Binance Coin (BNB) has shown great strength but has lost its key support at $300.(Data from Binance)
Binance Coin (BNB) Price Analysis On The Weekly Chart
Weekly BNB Price Chart | Source: BNBUSDT On Tradingview.com
According to the chart, the price of BNB saw its weekly low at $220; the price of BNB quickly rebounded from that region to a weekly low of $330 as the price is unable to show much strength to trend higher after being rejected from $337 acting as weekly resistance.
The weekly candle for BNB closed with a bearish sentiment, and the new week's candle appears to be even more bearish.
The price action has remained weak; if the price of BNB on the weekly chart maintains this structure, it could retest its weekly support of $250.
For the price of BNB to trend higher, it must reclaim the bullish trendline that serves as support, and a close above $300 would be favorable to bulls.
Weekly resistance for the price of BNB - $337.
Weekly support for the price of BNB - $250.
Price Analysis Of BNB On The Daily (1D) Chart
Daily BNB Price Chart | Source: BNBUSDT On Tradingview.com
The price of BNB has found itself holding above the trendline support, preventing the price from falling; however, bears were able to break the trendline support to a region of $283.
BNB's price has been trading below the trendline, which is acting ...
|  | How XRP Will Be a Key In Partnership to Send Remittances Across These As...
In recent years, payment company Ripple has seen important growth due to its XRP-based solution On-Demand Liquidity (ODL). In collaboration with exchange platforms and other partners, the company has provided people across the world with an alternative to settle their transactions and leverage multiple use cases.
In contrast with traditional payment rails, ODL has the capacity to settle a transaction almost instantly and at a low cost. According to a press release, this solution has been integrated with Japan-based money transfer company Asian Net with the help of the exchange platform Coins.ph.
The partnership will enable people in Japan to send remittances to the Philippines. Japan has seen a large inflow of people from neighboring countries. Often workers looking for better pay, living, and working conditions.
These Filipinos need a way to transfer money to family members back in their country, but traditional platforms are expensive, charge a hefty fee for their services, and settle a transaction days after the money was sent.
In that sense, Coins.ph CEO Wei Zhou said the following on their partnership with Asian Net, the deal could allegedly improve the way 300,000 Filipinos in Japan send money to their families:
Overseas Filipino Workers are too often forced to rely on outdated, slow-moving and expensive remittance services to transfer their hard-earned money back home. Coins.ph is committed to harnessing the power of blockchain-based cryptocurrency technologies t...
|  | Bitcoin, Ethereum Technical Analysis: BTC, ETH Drop as Key Resistance Le...
Bitcoin fell lower on Friday, as the token slipped below a key resistance level during today's session. Following a mini rally in price this week, bitcoin bears returned to action, as volatility in the market increased. Ethereum was also lower, falling back below $1,700. Bitcoin
Following a mini rally this week, bitcoin (BTC), was back in the red on Friday, as the token slipped below a key resistance point.
The world's largest cryptocurrency fell to an intraday low of $21,171.79, which is nearly $600 lower than Thursday's high at $21,744.87.
Today's decline comes as market sentiment once again shifted to bearish territory, following a breakout attempt at the $21,600 price ceiling.
Although BTC/USD did marginally climb beyond that point, bulls opted not to maintain earlier positions, choosing to secure gains instead.
This was a signal to bears, who reentered the market, and now look set to send bitcoin closer to a floor at $20,800.
As of writing, there is slight hope that today's sell-off will ease, and this comes as the 14-day relative strength index (RSI) has hit a support level of 44.80.
Should this hold, then we could see BTC rally during the upcoming weekend.
Ethereum
Ethereum (ETH) was also trading lower on Friday, as the token dropped back below $1,700, as sentiment surrounding The Merge event marginally faded.
So far today, ETH/USD has declined to a low of $1,628.17, which is roughly $90 below its high of $1,718.18 on Thursday.
Like with bitcoin, Friday's move comes ...
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