Uniswap (UNI/USD) Price Has Pushed Lower to Find Support

Uniswap Price Prediction – June 8
In the last several days back, the business transactions between the Uniswap trade and the US coin have prevailed by bears’ reactions, leading the crypto-economic price to get pushed lower to find support around the point of $4.50. Opinions are now on the horizon of having some rising moments thriving in the subsequent sessions as bulls are driving northward around the $.638 above the last lower-trading point at $4.520 on the positive average percentage rate of 1.84. All those sentiments put together; it mean investors should come in to add to their long-term running portfolios before further increases continue to exhume in the crypto economy business activities.

UNI/USD Market
Key Levels:
Resistance levels: $5.50, $6, $6.50
Support levels: $4.50, $4, $3.50

UNI/USD – Daily Chart
indicatThe UNI/USD daily chart reveals the crypto-economic has pushed lower to find support around the horizontal line drawn at the $4.50 level. A descending triangular pattern in this market has now fully depicted as the bearish trend line drawn at the top to back the smaller Simple Moving Average. The 50-day SMA trend line is at $5.517 above the $5.025 value line of the 50-day SMA trend line. The Stochastic Oscillators have dipped northbound into the oversold region. And they are now trying to swing back northbound, seemingly trying to place at 14.18 to 15.00.
Uniswap (UNI/USD) Price Has Pushed Lower to Find Support
Can the UNI/USD trade have more dropping sessions around or below $4.50 soon?
At this time, the dipping moments in the UNI/USD market operations have featured over a long-term, gently and systemically moving in a downward trend to reach a logical end around the the$4.50, as that believes to have gotten pushed lower to find support. It would therefore be a more difficult task to maintain a position for a long time beyond the value line when witnessing a new shorting order. Our verdict currently is that investors and buyers should launch back into the former trading instrument against its latter.

On the downward-shifting positions of the technical analysis, it appears now that sellers must put their activities on hold until another formation of price convergences occur at a higher-trading resistance is achieved. Resistances around $5 or between it and a higher of $5.50 have been projected as the optimum spots before that assumption comes to pass.
Uniswap (UNI/USD) Price Has Pushed Lower to Find Support
UNI/BTC Price Analysis
In contrast, the Uniswap trade has considerably pushed lower to find support against the purchasing power of Bitcoin below the SMA trend lines. The bearish trend line has drawn around the 14-day SMA indicator underneath the 50-day SMA indicator. The final bearish candlestick that appeared yesterday’s lower horizontal line moved a little bit away to the downside. The Stochastic Oscillators are oversold and appear to swing back and forth between 9.88 and 13.23 levels, indicating that a rise in the base cryptocurrency relative to its counter-trading instrument is about to occur.

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Chainlink Is Falling as It Strives to Reach Its $5.53 Low

Chainlink (LINK) Long-Term Analysis: Bearish
Chainlink (LINK) is declining beneath the moving average’s lines as it strives to reach its $5.53 low.. After breaching the $6.25 level support, the crypto asset is once again under selling pressure. As of the time of this writing, Chainlink is selling for $5.99. When sellers go against the existing support, the selling pressure increases once more. During the decline that began on May 11, LINK exhibited an upward reversal, and a candle body tested the 78.6% Fibonacci retracement level. The correction predicts that LINK will decline but reverse course at the level of the 1.272 Fibonacci extension, or $5.53. The market is getting close to the oversold area of the Fibonacci extension at level 1.272 .

Chainlink Is Falling as It Strives to Reach Its $5.53 Low
LINK/USD – Daily Chart

Technical indicators:
Major Resistance Levels – $8.00, $10.00, $12.00
Major Support Levels – $6.00, $4.00, $2.00

Chainlink (LINK) Indicator Analysis
According to the Relative Strength Index for period 14, Chainlink has fallen to level 37. It is moving into the oversold area of the market and is in the bearish trend zone. Because the 21-day SMA is acting as resistance, the price of LINK is falling. When the daily Stochastic threshold of 25 is exceeded, the cryptocurrency is said to be moving in the right direction. A trend higher seems unlikely because it will be rejected at the most recent high.

What Is the Next Direction for Chainlink (LINK)?
LINK/USD is in decline as it strives to reach its $5.53 low. Chainlink is deteriorating because it experiences lower lows and higher highs. The coin is expected to continue to fall, reaching a low of $5.53, according to the price indication. The cryptocurrency will revert at a level of $5.53 low on the downside.

Chainlink Is Falling as It Strives to Reach Its $5.53 Low
LINK/USD – 4 Hour Chart


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Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

Bitcoin Whale Awakens from Decade-Long Slumber

In a jaw-dropping twist that has left the crypto world buzzing, a Bitcoin whale that had been dormant for over a decade has suddenly sprung to life, making waves with a monumental transfer of its entire Bitcoin stash on June 8.

The whopping movement, totaling 1,432.93 BTC with an approximate value of $38.2 million going by the press time exchange rate, caught the attention of industry insiders and analysts alike, shedding light on the intriguing behavior of these silent behemoths.

The remarkable hodler, who had firmly held their Bitcoin for more than ten years, seems to have struck gold back on April 9, 2013, when they received 1,432.92 BTC at a time when Bitcoin’s trading price hovered around a modest $195.4. This recent activity marks just one episode in a series of similar transfers witnessed in recent months, adding fuel to the already burning speculation surrounding the motives behind these dormant Bitcoin movements.

A screenshot of the transaction history of the whale

While it’s hard to ascertain whether these whale-sized maneuvers reflect a shift in market sentiment or merely a personal strategy of safeguarding assets, the bear market has raised questions about the steadfastness of these long-time hodlers. Are they seizing the opportunity to unload their Bitcoin holdings or simply taking extra precautions as responsible custodians?

Dormant Bitcoin Whales Are Waking Up

The cryptoverse witnessed another spectacle in April when an inactive Bitcoin wallet, having lain dormant for an impressive nine years, sprang to life with a massive transfer of 2,071.5 BTC, valued at over $60 million. Astonishingly, this particular whale address originally received a jaw-dropping sum of 6,071.5 BTC back in 2013, during the heyday of Bitcoin when its price danced around $663.

Not to be outdone, another veteran Bitcoin HODLer emerged from the shadows during the same period, flexing its digital muscle by transferring 400 BTC, equivalent to a cool $11 million, across numerous addresses. This exceptional wallet had remained untouched and undisturbed for an astonishing 12 years, capturing the imagination of cryptocurrency enthusiasts.

Whales Are Accumulating BTC Aggressively: Glassnode

Bitcoin accumulation trend chart by Glassnode
Source: Glassnode

Adding an intriguing layer to the ongoing saga, a recent analysis conducted by Glassnode revealed that large Bitcoin whales continue to aggressively accumulate the flagship cryptocurrency, despite its price being ensnared in a range-bound trajectory. These audacious moves by the whales suggest an unwavering belief in Bitcoin’s long-term potential, boldly defying the prevailing market conditions.

 

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Arbitrum Price Prediction: ARB/USD Trades at $1.14 to Prepare for the Upside

Arbitrum Price Prediction – June 8

The Arbitrum price prediction shows that ARB could give a remarkable improvement if it begins a new bullish movement.

ARB/USD Medium-term Trend: Ranging (4H Chart)

Key Levels:

Resistance levels: $1.22, $1.24, $1.26

Support levels: $1.05, $1.03, $1.01

Arbitrum Price Prediction: ARB/USD Trades at $1.14 to Prepare for the Upside
ARBUSD – 4 Hour Chart

ARB/USD is moving bullishly after having a bearish session a few hours ago. The Arbitrum price is currently moving to cross above the 21-day moving average as the signal line of the technical indicator Relative Strength Index (14) remains above the 40-level, which indicates that bullish movement, may play out.

Arbitrum Price Prediction: ARB Bulls Will Spike to the Upside

The Arbitrum price is going to cross above the 21-day moving average to head to the upside. Nonetheless, if the coin continues to follow the bullish trend, the bulls would push the price toward the resistance levels of $1.22, $1.24, and $1.26. Nevertheless, if the market price drops and crosses below the lower boundary of the channel, it could touch the support levels at $1.05, $1.03, and $1.02 respectively.

ARB/USD Medium-term Trend: Bearish (4H Chart)

ARB/USD is trading within the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves to cross above the 50-level which could introduce a bullish movement. Meanwhile, a possible drop below the lower boundary of the channel could surface if the price head to the south, any further bearish movement can bring the coin to the critical support level of $1.05 and below.

ARBUSD – 2 Hour Chart

However, if the bulls push the coin higher, the Arbitrum price will head toward the upper boundary of the channel. Once this comes to focus, the price would hit the resistance level of $1.22 and above. Moreover, the trading volume is coming up slowly and will begin to climb higher if the technical indicator moves to the positive side.

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Lucky Block Price Prediction: LBLOCK/USD Keeps Hovering Around $0.000112 Level

Lucky Block Price Prediction – June 8

The Lucky Block price prediction consolidates around $0.000112 as the buying pressure will increase in the market.

LBLOCK/USD Long-term Trend: Ranging (1D Chart)

Key Levels:

Resistance levels: $0.000200, $0.000210, $0.000220

Support levels: $0.000030, $0.000020, $0.000010

Lucky Block Price Prediction: LBLOCK/USD Keeps Hovering Around $0.000112 Level
LBLOCKUSD – Daily Chart

LBLOCK/USD is ranging to push the price moves to cross above the 9-day and 21-day moving averages. According to the chart, the current movement is suggesting a growth momentum in the next positive direction, and buyers are expected to invest more as a bullish movement is expected in the market soon.

Lucky Block Price Prediction: LBLOCK/USD Will Spike to the Upside

The Lucky Block price will begin to experience an increasing volume coupled with a bullish regroup in the positive direction. Meanwhile, if the coin delays its bullish movement, the bears could step into the market with more downs so that new investors can enter. Meanwhile, if the selling pressure increases, it could reach the support levels at $0.000140, $0.000130, and $0.000120.

Looking at the daily chart, the Lucky Block price will begin to move bullishly as the technical indicator Relative Strength Index (14) remains above the 50-level. However, any bullish movement to the north could hit the potential resistance levels at $0.000200, $0.000210, and $0.000220.

LBLOCK/USD Medium-term Trend: Ranging (4H Chart)

The Lucky Block price is hovering above the 9-day and 21-day moving averages as the coin prepares for a bullish cross above the upper boundary of the channel. However, should the price break above this barrier, the market may experience an upward trend which could touch the resistance level at $0.000130 and above.

LBLOCKUSD – 4 Hour Chart

Meanwhile, if the Lucky Block price retreats and heads toward the lower boundary of the channel, the market price could hit the support at $0.000100 and below, so that more buyers can come into the market. However, the technical indicator Relative Strength Index (14) is moving in the same direction above the 50-level, getting ready for a movement to the north.

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Dash 2 Trade Price Predictions for Today, June 8: D2TUSD Reaches Bearish Exhaustion as It Holds above $0.00923 Level

Dash 2 Trade Price Forecast: D2TUSD Reaches Bearish Exhaustion as It Holds above $0.00923 Level (June 8)
D2TUSD holds recovery opportunity with a bullish reversal pattern. The coin may likely bounce up further to the $0.01562 supply level as it faces the upper channel. The potential breakout from the immediate resistance of $0.01354 will give additional confirmation for bullish recovery, if the bulls could increase their efforts in the market. The $0.1000 upper resistance value might be target as the coin price continues to rise further. Hence, a great opportunity and a clear buy signal for the long investors.


Key Levels:
Resistance levels: $0.01500, $0.01600, $0.01700
Support levels: $0.01000, $0.00900, $0.00800

D2T (USD) Long-term Trend: Bullish (4H Chart)
The long-term market value of Dash 2 Trade is moving in a bullish direction. The coin price is now strongly trading above the EMA-9 approaching the overhead resistance with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
Dash 2 Trade Price Predictions for Today, June 8: D2TUSD Reaches Bearish Exhaustion as It Holds above $0.00923 Level
During yesterday’s session, the pair reached and held the $0.00948 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.

Today’s daily bullish candle at $0.00953 supply value above the EMA-9 confirms the bulls’ dominance in the market. This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level.

Additionally, the price of D2TUSD might increase further as the market price has also reached the bearish exhaustion as indicated by the daily signal pointing upwards in the oversold region. In light of this, the price might possibly bounce up to the $0.1000 upper resistance level in the nearby days and beyond in its higher time frame.

D2T (USD) Medium-term Trend: Bullish (1H Chart)
The coin is also displaying a bullish posture in its medium-term outlook. This is due to the high inflow from the long traders.
Dash 2 Trade Price Predictions for Today, June 8: D2TUSD Reaches Bearish Exhaustion as It Holds above $0.00923 Level
The increase in the momentum by the bulls at the $0.00942 supply value during yesterday’s session has enabled the Dash 2 Trade price to stay strong above the resistance lines.

The market price of D2TUSD has just broken up the EMA-9 at the $0.00953 supply level as the 1-hourly chart opens today; this affirms the presence of more buyers in the market and also gives the crypto a high tendency to rise further.

Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.01202 previous high, the resulting rally may surpass the $0.01562 level and hit the $0.1000 psychological level at the upside in the days ahead in its medium-term perspective.

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IOG Responds to SEC’s Claim That Cardano Is a Security

Global blockchain developer Input Output Global (IOG), the company behind Cardano, has firmly fired back at the U.S. Securities and Exchange Commission’s (SEC) recent assertion that ADA qualifies as a security. In a statement released on Wednesday, IOG left no room for doubt, declaring, “Under no circumstances is ADA a security under U.S. securities laws.”

Screenshot of IOG statement

In a whirlwind of legal action, the SEC has set its sights on two of the biggest players in the cryptocurrency exchange arena: Binance and Coinbase. Accusing them of offering unregistered securities, the SEC has launched lawsuits that could have far-reaching consequences for the industry. These allegations have sent shockwaves throughout the crypto community, and now all eyes are on how this legal drama unfolds.

In the court filings, the SEC has gone a step further, classifying several prominent cryptocurrencies as unregistered securities. Alongside ADA, the SEC has targeted Solana (SOL) and Polygon (MATIC), among others. Even Binance’s tokens, BNB, and the popular BUSD stablecoin, have been slapped with the “security” label.

IOG Advocates for Understanding and Responsible Legislation

IOG has raised concerns about the urgent need for a deeper understanding of decentralized blockchains. The company emphasizes the importance of developing responsible legislation that strikes a balance between innovation and protection. IOG firmly believes that effective regulation should safeguard users while embracing the transparent and decentralized nature of blockchain technology. Collaborating with regulators to create a legal framework that fosters growth and security is paramount.

Robinhood Considering Delisting Cardano

The recent regulatory storm has created ripples beyond just the exchanges under direct scrutiny. Renowned cryptocurrency trading platform Robinhood has expressed its intention to potentially delist tokens implicated in the SEC lawsuit, including ADA. As Robinhood strives to maintain compliance with U.S. securities laws, this decision showcases the impact these regulatory actions can have on the wider cryptocurrency market.

 

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Enjin Coin (ENJUSD) Trading Moment Remains in Bearish Favor

ENJUSD Analysis – Sellers Could Pump the Price Back to the $0.235000 Market Level

ENJUSD trading moment remains in bearish favor as sellers plan to make more pumps lower to the $0.235000 level. Despite the interest from buyers, sellers continue to hold more power over the Enjin coin, leading to a few declines in the past few weeks. The buyers seem to be trapped in between selling moments, unable to make significant gains on the crypto price.

ENJUSD Market Zone

Resistance Zones: $0.54800, $0.47000
Support Zones: $0.35000, $0.235000

Enjin Coin (ENJUSD) Trading Moment Remains in Bearish FavorThe Enjin coin experienced a buying reign to the $0.548600 significant zone, but the resistance at this level propelled sellers into action, resulting in a purge of sell liquidity in the market. This has made it difficult for buyers to make any significant progress as sellers continue to hold more preeminence over the coin.

The crypto market has been experiencing a volatile period, with the sell-off pushing the coin price lower to the $0.354200 level. Buyers responded to the dip, pushing the price up to the $0.470000 level; however, bearish momentum quickly resumed. The sellers have been resolute in their efforts to push the price beyond the significant $0.354200 level. This is evidenced by the fact that the Parabolic SAR (Stop and Reverse) indicator is currently trending bearishly.

Enjin Coin (ENJUSD) Trading Moment Remains in Bearish Favor

Market Expectation

The next target for the sellers is the significant $0.235000 level, which could be breached in the coming days. This indicates that bearish action is likely to continue shortly, and traders should prepare for further downside pressure. It is important to note, however, that the crypto market can be unpredictable, and sudden shifts in sentiment could lead to unexpected price movements. Traders should therefore monitor the market closely and adjust their positions accordingly.

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Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Tamadoge (TAMAUSD) Is Still on the Trail of the $0.015 Price Level

The Tamadoge market has been on a bullish recovery since the previous daily session. The TAMA bull market had initially tested the $0.015 price level in the first four-hour session of yesterday’s market. Also in the first four-hour session of today, the market rallied back to the $0.015 price level, but by the third trading session, the market retraced back to the equilibrium level, which is the $0.0146 price level.

Key Levels

  • Resistance: $0.017, $0.018, and $0.019.
  • Support: $0.013, $0.012, and $0.011.

Tamadoge (TAMAUSD) Is Still on the Trail of the $0.015 Price Level

TAMAUSD Price Analysis: The Indicators’ Point of View

There is a tug-of-war between demand and supply around the $0.0146 price level. Tamadoge bulls need to deal with the selling pressure, which is a result of long-term market holders who are taking their profits as the market hits or gets near the $0.015 price mark. If buyers can keep the price at $0.0146, which is also the equilibrium price level, they may be able to wear off the bearish sentiment and set the market back on course. For now, the Bollinger Bands indicator illustrates a downtrending price channel. The direction of the trend will change if the price action can remain above the moving average for a little longer.

Tamadoge (TAMAUSD) Is Still on the Trail of the $0.015 Price Level

TAMA/USD Short-Term Outlook: 1-Hour Chart

The market has been flat since 6 a.m. due to an intense struggle for market control. It seems the bearish sentiment around the $0.015 price level is strong, as is the bullish sentiment that has driven the market to this point. More bulls are needed to keep the market above the 20-day moving average a little longer to wear out the effect of long-term traders that are taking their profits.

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