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Cryptocurrency analyst and trader Jason Pizzino believes three top altcoins may be forming bullish reversals after the market’s correction. In a new video, Pizzino tells his 348,000 YouTube subscribers that Ethereum (ETH) may soon regain $3,000 as support after bouncing off of a low of around $2,100. “Overall, the smart money bought this thing up pretty damn hard. It’s hit all the targets now down to 150%, so that’s $2,100 to $2,200… We are now looking for closes above $2,900. Another massive thing about this bar is that it had huge volume, and it closed back above all these previous tops at $2,700. That was the previous support area… It’s got to get back above this swing low here at $2,950 and then ideally above that 50% level at around $3,100.” Source: Jason Pizzino/YouTube He also says that ETH in its Bitcoin pair (ETH/BTC) on the weekly chart may be forming a double-bottom pattern, which is typically considered a bullish ...

With Bitcoin (BTC) price hanging around the $44,000 zone and trading sideways for the past few days, investors are wondering whether the trend could change in the near future, particularly amid the looming possibility of an approval of the first spot Bitcoin exchange-traded fund (ETF). As it happens, Bitcoin is looking at one of the strongest support walls between $42,560 and $43,245, at which price traders purchased around 1.11 million BTC and have not sold them yet, according to the Analysis shared by cryptocurrency expert Ali Martinez in an X post on January 7. In line with the unspent transactions output (UTXO) realized price distribution (URPD) chart, Martinez opined that the flagship decentralized finance (DeFi) asset managing to hold above this strong support level would indicate a lack of “significant resistance ahead that will prevent it from advancing further.” On the other hand, Bitcoin failing to maintain its position above the said wall would potentially lead to “...

$0.2 proves to be strong resistance for Stellar The US dollar’s strength is responsible for Stellar’s weakness Support in the triple bottom area might not hold if the market gets there The US dollar surged during the summer, putting pressure on equities and fiat currencies. It also pressured the cryptocurrency market, as a higher dollar pressured crypto prices to their lows.  One example is Stellar (XLM/USD). The bounce during summer to $0.2 seemed to be a reaction to a triple bottom formed earlier. However, it was just a spike in an otherwise bearish trend.  Bearish market rallies are violent and often lead traders to believe that a sharp reversal might be in the cards. But frequently, they are nothing but spikes.  In other words, for Stellar to keep rallying above $0.2, the dollar should give up its summer gains.  Stellar chart by TradingView How can the dollar turn bearish? In several ways.  One is that bond yie...

Crypto investments necessitate a strategic outlook that underscores the enduring technological potential over the long term. Historical data serves to exemplify the steadfastness of investments centered on technology. The previous crypto cycle revealed promises such as institutional involvement, global adoption, and tangible asset integration on blockchain platforms. Investors’ decisions in the next six months preceding the bull market are expected to play a pivotal role in their returns. Notably, there has been a shift from Bitcoin (BTC) holdings to Ethereum (ETH) as capital change hands. You might also like: Shiba Inu and DigiToads surge amid Shibarium beta bridge release Meanwhile, investors are paying attention to new decentralized finance initiatives, with DigiToads (TOADS) being monitored after raising over $6.8 million in the ongoing presale.  DigiToads: the future of defi? DigiToads presents a comprehensive and deflationary vision for defi and can offer multi...

The cryptocurrency exchange's DeFi wallet and Pay service launched a new update adding support for more countries and tokens. Singaporean cryptocurrency exchange Crypto.com recently launched an update to its DeFi wallet service enabling support for fiat-to-crypto purchases in more countries and three new tokens.  In a blog post published on May 16, the company announced the addition of Polygon (MATIC), USD Coin (USDC), and Dai (DAI) to Crypto.com Pay, a fiat-to-crypto on-ramp service enabling the purchase of cryptocurrency via credit or debit card. The trio of new tokens joins Bitcoin (BTC), Ether (ETH), and Crypto.com’s native CRO as the only tokens currently available for Pay purchase. CRO can now be purchased in Crypto.com’s Cronus blockchain or the Ethereum network. According to the post, support for more tokens “will be added soon.” Crypto.com also announced Pay support in more countries, expanding the number of countries able to use the service to purchase crypto directl...