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27 września, 2022 Wyłączono

Stellar Price Moves To A Lower Level, Can The Bulls Defeat This Resistance Mark?

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Stellar price has continued to travel south over the last 24 hours. On the last day, XLM lost more than 6% of its market value. Stellar has recorded positive price sentiment recently, owing to an update that spread optimism across the XLM community. In the latest update, Stellar users can now transfer USDC and Stellar Lumens via email. Despite the update, technical indicators have sided with the bears on the one-day chart. The buying power has fallen considerably, even though the number of buyers is greater compared to the number of sellers. In the last week, Stellar price went up close to 7%. However, at press time, the bulls look exhausted. The present support zone for XLM stands between $0.111 and $0.106, respectively. A fall from the $0.106 mark will lead the Stellar price to touch the $0.99 price mark. Broader market support will be necessary for most altcoins to recover. If buyers don’t pick up momentum and XLM doesn’t topple above the 20-SMA, then the altcoin is in for a further drop in price. Stellar Price Analysis: One Day Chart XLM was trading at $0.112 at the time of writing. The coin could not hold onto its weekly gains and fell on its chart as a result of declining buying strength. It is important for the bulls to defend Stellar at the $0.111 level, else Stellar price could drop down to $0.106. Once the coin touches the $0.106 mark, it could also fall near the $0.99 level. Overhead resistance for the coin stood at $ 0.116. A move above that level could push the coin to $0.119. The amount of Stellar traded in the past trading session declined, indicating a fall in buying strength. Technical Analysis XLM was still not in the excess selling territory, but if buyers continue to decline, sellers will soon take over. Stellar has had a good past week, but the bulls failed to move past the $0.116 resistance mark, causing the coin to depreciate in price. The Relative Strength Index was right on the half-line, and that is an indication of an even number of buyers and sellers. A fall in demand will immediately push the price of Stellar below the 20-SMA line. This would mean that the sellers were driving the price momentum in the market. Related Reading: TA: Ethereum Price Needs To Clear $1,400 For Hopes of a Fresh Rally There could be a chance for Stellar to redeem its price given that XLM continued to display a buy signal on the one-day chart. The Moving Average Convergence Divergence measures the price momentum and the overall price direction of the altcoin. The MACD continued to form green signal bars that correlate with the buy signal for the coin. Although the green histograms were declining on the chart as a sign of increased selling strength, sellers had not taken over yet. The Parabolic SAR displays the price action of the altcoin. The dotted lines below the price candlestick mean that XLM could rise on its chart again with sustained demand. Related Reading: Cardano Price Surges, Will The Bulls Hold The Recovery? Featured image from Personal Financial, Chart: TradingView.com
27 września, 2022 Wyłączono

Nanjing University Sets Up One of the First Metaverse Majors in China

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nanjing metaverse university chinaNanjing University in China has reportedly launched one of the first majors in the country dedicated to the study of metaverse-related knowledge. The university, located in eastern China, stated that this new push is directed to impart new metaverse-related courses that will help more students to fulfill the needs of metaverse companies. Nanjing University to […]
27 września, 2022 Wyłączono

TA: Ethereum Price is Showing Early Signs of Fresh Rally, But $1,400 is the Key

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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 the doors for a move towards the $1,500 resistance, above which the bulls could aim $1,580 in the coming sessions. Dips Limited in ETH? If ethereum fails to climb above the $1,400 resistance, it could start a downside correction. An initial support on the downside is near the $1,350. The next major support is near the $1,320 level and the 100 hourly simple moving average. A downside break below the $1,320 level might send the price towards the $1,250 support in the near term.  Any more losses could increase selling and the price might drop to $1,200. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,320 Major Resistance Level – $1,400
27 września, 2022 Wyłączono

The Remaking of the Seattle Mariners

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As the longest postseason drought in major American men’s team sports appears to be nearing its end, a look at the people who helped carry the Mariners back to contention.
27 września, 2022 Wyłączono

Walmart goes after younger customers by putting itself in the metaverse

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Walmart Inc. today announced that it’s launching two immersive experiences on the popular online game platform Roblox, an effort the company hopes will attract a younger kind of shopper. These new virtual worlds will be called “Walmart Land” and “Walmart’s Universe of Play,” both of which won’t give players the ability to buy stuff in […]

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