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Paris Saint-Germain Fan Token (PSG) Soars Following Potential Lionel Messi Signing

The Paris Saint-Germain Fan Token (PSG) has seen a significant price surge following news that ex-Barcelona player Lionel Messi will be joining the French outfit.Sponsored Sponsored One of the world’s best footballers will be leaving Barcelona Football Club. The recent news was confirmed by both Lionel Messi and the player’s now ex-club. Messi had spent roughly 21-years with Barcelona, with the club confirming last week that they could not honor a new deal for the Argentina player, due to football regulations surrounding wage budgets. The six-time Ballon d’Or winner is

Solana (SOL) Approaches Crucial Resistance Level

Solana (SOL) bounced at the $24 support area on July 20 and broke out from a descending resistance line nine days later.Sponsored Sponsored It’s now approaching a crucial resistance level near $38.50 which could determine the direction of the longer-term trend. SOL breaks out SOL has been increasing since bouncing at the $24 horizontal support area on July 20. On July 29, it broke out from a descending resistance line that had been in place since the May 18 all-time high.Sponsored Sponsored This led to a high of $37 on

Avalanche (AVAX) Reclaims Support In Bullish Pattern — Will It Break Out?

Avalanche (AVAX) is trading inside a long-term descending wedge and has reclaimed the $11.50 horizontal support area.Sponsored Sponsored However, it’s also trading inside a short-term ascending parallel channel. Whether it breaks out from the resistance of the channel or gets rejected will likely determine the direction of the next move. Avalanche long-term wedge AVAX has been moving downwards since Feb 10 after reaching a high of $60.30. The decrease was initially gradual, accelerating after a lower high was created on May 7 (red icon).Sponsored Sponsored On June 22, it reached

Here’s when you can set up buy trades if you’re an EOS trader

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The impetus provided by Bitcoin’s resurgence above $40,000 was critical to the altcoin market. With alts relying heavily on the king coin’s movement since the 19 May market decline, BTC’s rally was definitely a sigh of relief. EOS, like most of its competitors, rallied on the back of BTC’s uptick. However, failing to stay above a crucial resistance level led to a slight downtick. At the time of writing,

Analyst on Bitcoin: This is ‘a very strong sign of…’

For one whole day, after some pretty monotonous consolidations and devastating price dips, Bitcoin price candles were green on a one-hour, four-hour, and one-day chart. With this latest movement, market speculations were rife if this rally was here to stay. In the case of Bitcoin, its price has been affected by external news in the past. Some consider these factors to be driving forces to the price action and during BTC’s recent bull run the news side of it looked positive. News like Binance and FTX  limiting leverage trading and

Bitcoin’s future price action would depend on these key aspects

A massive drop, fear and anxiety at their peak, and a superstar entry back with a bang, pretty much sums up Bitcoin’s price action over the past week. The king coin’s downward trajectory led to a market-wide fall and a major bearish market. However, nothing is permanent in this crypto-verse where volatility is the name of the game. Bitcoin’s foray below the $30k zone didn’t last long either, and the asset soon made a strong comeback with gains of 6.25% in 24 hours, at the time of writing. A closer look

Fundamentally Strongest Crypto Projects in 2020

There are numerous new promising cryptocurrency projects coming out every year. Some of them die quickly either because they offer nothing innovative to the cryptocurrency industry or a myriad of other reasons. However, some manage to thrive, lingering around long enough to grow through the ranks and eventually become staples of the industry. In this article, we will take a look at four projects which due to their strong fundamental basis and value added, could eventually become mainstays in the crypto industry. Elrond (EGLD) Elrond is a blockchain that sports

Ethereum Classic (ETC) Struggles to Overcome $7.50 Resistance

Ethereum Classic (ETC) is currently making another attempt at breaking out above $7.50, something it has struggled to do since May. The price action and a variety of technical indicators suggest that ETC will be successful in breaking out.   Ethereum Classic Long-Term Support Levels ETC has been following an ascending support line since November 2018 and has validated it four times since. Since April 2020, ETC has also made several breakout attempts above the $7.50 resistance area, which is the 0.382 Fib retracement level of the most recent downward

Bitcoin Consolidates Below $24,000 After Bullish Weekend Rally

The Bitcoin (BTC) price has reached a bullish weekly close well above the previous long-term resistance area. BTC is currently consolidating just below $24,000 and is expected to break out once more.   Bitcoin Long-Term Movement During the week of Dec 14-21, BTC created a massive bullish candlestick, convincingly breaking through the $19,500 area to reach a high of $24,295. BTC is now in price discovery, having no resistances left to clear above the current price. Technical indicators are still bullish, despite showing that the rally is extremely overbought. BTC

XRP Reverses and Pumps By Nearly 50%

While the XRP price has been decreasing since Nov. 24, it reversed its trend on Dec 16, at one point having increased by 50% in less than two days. XRP could correct towards $0.52 and is likely to resume its upward movement afterward. *Note – This article will mostly deal with the short-term movement that has been taking place over the past three days. For a longer-term analysis, please click here. Reversal Leads to Breakout XRP has been falling since Nov. 24, when it reached a high of $0.79. The