The Uniswap (UNI/USD) Market Is in Bullish Channels, Trying to Keep It

Uniswap Price Prediction – July 28
Over time, a lot of activities marking ups and downs in the UNI/USD market have now come to establish that the crypto-economic price is in bullish channels as it tries to stay within them.

In order to ensure a level of decency compliance in a buying spree from a lower price point where the momentum is waxing for a recovery of gains afterward, long-position takers would have to take the trade principle of repos positioning alongside or around the lower bullish trend path under the pretense of that technical assumption. At this point, $5.50 has been identified as the crucial support level through which the rest of the lower underlying points will also be forcedly breached by bears if they eventually push southward.

UNI/USD Market
Key Levels:
Resistance levels:$$6.50, $7, $7.50
Support levels: $5.50, $5, $4.50

UNI/USD – Daily Chart
The UNI/USD daily chart showcases that the crypto-economic market is in bullish channels, trying to stay within them between the trade zones of $6.50 and $5.50.

At the time of this technical write-up, the market percentage rate is at 1.37 positives, trading around $5.9579075. The 14-day SMA indicator is at $5.6839883, above the $5.4428938 value of the 50-day SMA indicator. The Stochastic oscillators initially dipped briefly into the oversold zone before currently placing northbound from 9.86 to 16.47 points.
The Uniswap (UNI/USD) Market Is in Bullish Channels, Trying to Keep It
Will it be technically perfect for purchasers to continue playing along with the bullish channels in the UNI/USD market?
As the UNI/USD market is in bullish channels and trying to stay within them, it would be okay for long-position movers to place around the lower spot of the pattern.

In the meantime, buying activities might be keeping afloat over the threshold of $5.50, believing that the lower bullish trend line will formidably draw further northward to keep the path against declines. Therefore, it is necessary to brace up for a strengthening of gravitational tensions in order to continue breathing toward eventually breaking past the final higher resistance location.

Regarding the technical analysis of the downside, it has been noted that selling operations are likely to reappear around the upper zone of the upper bullish trend line during an overbought condition that will be highlighted by the Stochastic Oscillators’ readings. Bears are also likely to regain positions at the extreme end of upsurging moments.
The Uniswap (UNI/USD) Market Is in Bullish Channels, Trying to Keep It
UNI/BTC Price Analysis
In contrast, the market valuation of Uniswap against Bitcoin has been in bullish channels, trying to stay within them.

The Stochastic Oscillators have traversed southbound, positioning themselves from 20.07 to 24.55 points. Over the last three days, a line of smaller bullish candlesticks has formed to indicate the counter-crypto has been gradually de-capacitating. The 14-day SMA indicator has been slightly bent northward to touch the trend line of the 50-day SMA indicator. The lower bullish trend line has drawn alongside the smaller trend line to affirm the path to the upside.

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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BNB Is In a Range as It Faces Rejection at $241

BNB (BNB) Long-Term Analysis: Bearish
BNB (BNB) price has been in a range between $220 and $260 as it faces rejection at $241. The candlesticks represent buyers’ and sellers’ uncertainty about the market’s direction. Neither buyers nor sellers have broken the range-bound levels in the last month.

As long as the Doji candlesticks persist, the range bond movement will continue. At the time of writing, BNB is trading at $240. The upward trend is being met with resistance at the $ 241 high. If the selling pressure persists, BNB will fall to the support level of $220.

On the plus side, if the altcoin rebounds and breaks through the $260 barrier level, BNB will resume its upward trajectory. The market will rise to the high of $320.

BNB Is In a Range as It Faces Rejection at $241
BNB/USD – Daily Chart

Technical indicators:
Major Resistance Levels – $440, $460, $480
Major Support Levels – $240, $220, $200

Binance Coin (BNB) Indicator Analysis
BNB is at Relative Strength Index level 46 for period 14. The altcoin is in a downward trend and may crash. The price bars are now below the 21-day SMA, but they have been fluctuating below and above it. The coin has resumed bullish momentum above the daily Stochastic level of 40.

Bullish moves have been limited below $1,880.

What Is the Next Direction for Binance Coin (BNB)?
BNB/USD existing support and resistance levels hold as it faces rejection at $241. Doji candlesticks are present, which is why BNB is currently trading slightly higher. Today, BNB is trading below the moving average lines, indicating a rejection of the previous high.

It might fall to the important support level of $220.

BNB Is In a Range as It Faces Rejection at $241
BNB/USD – 30 mins 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

SPONGE/USD ($SPONGE): Bulls Holding Strong at the Crucial Demand Level

Since July 25, persistent selling pressure has confined the SPONGE/USD market within a tight range, with strong support at the $0.0001213 price level. Traders have shown reluctance to buy below this level. Moreover, the indicators suggest that the market is currently oversold, leading to rising bullish sentiment among traders.

Key Levels

  • Resistance: $0.0004, $0.0045, and $0.0005.
  • Support: $0.00012, $0.00011, and $0.00009.

SPONGE/USD ($SPONGE): Bulls Holding Strong at the Crucial Demand Level

Sponge (SPONGE/USD) Price Analysis: The Indicators’ Point of View

 The SPONGE/USD pair has been hovering around the 30 level on the Relative Strength Index (RSI), indicating a potential for an upward retracement rather than a further decline into the demand zone. There is a possibility of a price breakout in the upcoming daily trading session. Notably, on the chart, the Bollinger Bands are converging closely around the current price level, signaling an imminent decisive market movement.

SPONGE/USD ($SPONGE): Bulls Holding Strong at the Crucial Demand Level

$SPONGE Short-Term Outlook: 1-Hour Chart

At present, the low volume of trade could be impeding the price breakout process. The lack of trading activity makes it difficult for the price to convincingly break out of the consolidation pattern. This situation can result in false breakouts, where the price briefly moves beyond the consolidation range but fails to maintain momentum due to insufficient follow-through buying or selling.

 To initiate a stronger bull market in SPONGE/USD, the market would benefit from the increased participation of more traders. Higher trading activity and increased interest from market participants could provide the necessary momentum for a more decisive and sustained price breakout.

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Tamadoge (TAMAUSD) Strengthens Demand Baseline Above the $0.0100 Price Level

At $0.01030, TAMAUSD has evidently discovered robust support, as the price action has consistently remained above this level despite facing headwinds. The market’s price consolidation since July 25 is strengthening the support level. Currently, the market indicates potential for further upside movement, as suggested by various technical indicators.

Key Levels         

• Resistance: $0.035, $0.040, and $0.045

• Support: $0.010, $0.0091, and $0.0087.

Tamadoge (TAMAUSD) Strengthens Demand Baseline Above the $0.0100 Price Level

TAMAUSD Price Analysis: The Indicators’ Point of View

Around 10 sessions ago, on the 4-hour chart of the TAMAUSD market, the price action experienced significant traction. Impressively, the market has managed to retain most of these gains despite facing headwinds. This indicates a strong buying presence, which could potentially lead to further price increases.

Moreover, the Relative Strength Index (RSI) indicator curves are approaching a bullish crossover above the indicator’s midpoint, signaling positive momentum. Additionally, the price action has been hovering around the middle limit of the Bollinger Bands, implying price recovery to the equilibrium level.

Taken together, the current market conditions seem conducive to continued upward movement in price.

Tamadoge (TAMAUSD) Strengthens Demand Baseline Above the $0.0100 Price Level

Tamadoge Short-Term Outlook: 1-Hour Chart

Upon analyzing the 1-hour market of TAMAUSD, it becomes evident that price action is currently gaining traction to the upside. In the previous session, the market experienced significant profits. However, the ongoing session seems to have reversed this trend, as indicated by the presence of a bearish price candle.

Nevertheless, the Relative Strength Index (RSI) reveals that upside momentum is building up. Notably, the RSI lines are rising in proportion to the price increase, suggesting a potentially significant surge towards the $0.01200 mark in this market. Traders should closely monitor these developments as they unfold to make well-informed decisions.

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Chainlink (LINKUSD) Continues to Reach Higher Price levels

The price of Chainlink has experienced a modest 1.48% movement, but interestingly, its price action has discovered a more robust support level. As a result, this development has significantly accelerated the pace of price upside retracement. The market’s series of progressive higher support levels is a pointer that the market is poised more for bullish action.

 Chainlink Network Market Data

  • LINK/USD Price Now: $7.938
  • LINK/USD Market Cap: $4,278,534,522
  • LINK/USD Circulating Supply: 538,099,970
  • LINK/USD Total Supply: 1,000,000,000
  • LINK/USD CoinMarketCap Ranking: #22

Chainlink (LINKUSD) Continues to Reach Higher Price levels

Key Levels

  • Resistance: $8.00, $8.50, and $9.00.
  • Support: $6.70, $6.00, and $5.50.

 

Price Prediction for Chainlink: The Indicators’ Point of View

Looking at the daily chart of Chainlink, approximately seven trading sessions ago, the price broke through the expected price ceiling at $8.00. However, this breakthrough was followed by a sharp downward correction in prices. Fortunately, buyers managed to prevent the price from falling significantly below the $7.50 mark, indicating the potential presence of strong support.

As a result, the price action has continued its upward retracement for a second trading session. The Bollinger Bands suggest that the market is currently experiencing high volatility. Moreover, the Stochastic Relative Strength Index (RSI) indicator is approaching a bullish crossover, which could potentially provide further upside momentum if it materializes. It’s important to keep an eye on these indicators to gauge the market’s future movements.

Chainlink (LINKUSD) Continues to Reach Higher Price levels

LINK/USD 4-Hour Chart Outlook

On the 4-hour chart for Chainlink, we can observe a recent minimal correction from the $8.00 price level. Despite this correction, the price action remains notably above the Bollinger Bands’ middle limit, indicating a strong position. The market shows moderate volatility at this point.

Additionally, the Moving Average Convergence Divergence (MACD) indicator lines have crossed above the equilibrium level. However, the bars on this indicator are now pale green, suggesting a possible decrease in buyer interest. The Stochastic RSI indicator lines are trending somewhat sideways, indicating a potential temporary stabilization in price.

Considering these factors, the perceived correction may be short-lived, but traders should be cautious about predicting a definitive retracement towards the $9.00 mark. It’s important to monitor further developments closely before making any trading decisions.

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Cryptocurrency Airdrop Scams: Four Ways of Identifying and Avoiding Them

Through airdrops, you can obtain free tokens, but use caution, as scammers have taken advantage of this publicity to defraud people. Crypto airdrops are a terrific way to receive free tokens and give cryptocurrency projects a means to advertise. But bogus airdrops used by fraudsters to con victims can benefit from the allure of free assets. So, how can you recognize and evade a cryptocurrency airdrop scam?

Cryptocurrency Airdrop Scams: Four Ways of Identifying and Avoiding Them

Cryptocurrency Airdrop Scams: What Are They?

Cryptocurrency airdrop scams involve the advertisement of the fraudulent airdrop, in which the token in question is a made-up one or a clone of an already existing one.

There’s a significant probability that when a potential victim sees this fake airdrop, they aren’t aware of its malevolent origins. They might not hesitate to sign up for the airdrop if they are interested in receiving the free tokens.

However, signing up for crypto airdrops will not only require you to provide your name or email. In fact, for one to receive an airdrop, one will have to supply the address of his or her wallet. It isn’t too risky to share your wallet’s public address. Nevertheless, it points out your wallet and the amount of assets in it.

More sinister scams can also ask for the secret key to your wallet. Your private key should never be shared, but not everyone is aware of this. In essence, transactions from your wallet are authorized using your private key. Therefore, if an attacker manages to get their hands on yours, it will just take them a few minutes to empty your wallet of its money.

How can an Airdrop Scam be Identified and Avoided?

Clearly, cryptocurrency airdrop scams are quite malicious. But one can avoid them by having knowledge of some things.

Do your Research About the Cryptocurrency

As earlier mentioned, some crypto airdrop scams usually use already established cryptos, which we’ll establish, to create some illusion of authenticity. At the same time, some may use the name of a crypto that has never existed. Whichever form they take, it is quite essential to carry out thorough research prior to signing up for their airdrop.

By doing this, you may determine whether the identified token is real or, if it is preexisting, whether there is even an airdrop happening. Make sure to look for any news regarding an airdrop on the project issuing the tokens’ official websites and social media pages.

You should be cautious if you discover that the company hosting the airdrop doesn’t exist or has a very minimal online presence (i.e., no social media or few followers, no official website, no reviews).

Cryptocurrency Airdrop Scams: Four Ways of Identifying and Avoiding Them

Ensure That You Properly Protect your Data

When signing up for airdrops or giveaway contests, it is very important that one supply very sensitive information. Internet criminals spend most of their time trying to get hold of personal data, which could be used to gain access to exchange accounts, crypto wallets, and so on.

Unfortunately, giving up this kind of generic information when signing up for items is difficult to avoid because your email address alone can be used to break into some cryptocurrency accounts. However, there are some pieces of information that you should never divulge.

It is crucial in terms of cryptography that you keep your private key and seed phrase hidden. Giving your login information can also be a serious mistake because it could offer a hacker access to your crypto-based accounts.

Be on the Lookout for Signs that Identifies a Site as a Malicious one

Because airdrop scammers employ harmful websites to sign people up, it’s important to understand how to avoid them.

Cryptocurrency Airdrop Scams: Four Ways of Identifying and Avoiding Them

Although malicious websites can be quite persuasive, they frequently include obvious warning flags that you can spot, such as:

  • Bad or Short URL.
  • Spelling errors and Poor Grammar.
  • A Website with a very young domain age.
  • The Site crashes very often.
  • Having no secure lock icon near the URL.
  • Never Send Out Your Token

When a crypto airdrop asks you to send some cryptocurrencies to receive an airdrop, you should know that it is a scam.

You should never be required to send a holding of your own assets as part of an airdrop. There should be no justification for a project to ask for some of your cryptocurrency in return since an airdrop fraud entails the distribution of free tokens, at which point it turns into a transaction.

Crypto Airdrop Scams Can Be Quite Persuasive

It might be far too simple for thieves to create elaborate and convincing scams. To secure your data and your assets, it’s crucial that you are aware of what to do before participating in a crypto airdrop.

Bitcoin Traders Anticipate Volatility Amidst BoJ’s YCC Speculations

In the world of cryptocurrency, traders are constantly on the lookout for market-moving events that can spark volatility and present lucrative opportunities. However, Bitcoin has seen a lack of significant price movements recently, leaving traders eager for a catalyst.

As focus shifts to the Bank of Japan (BoJ), the world’s third-largest central bank, speculation arises that their upcoming decisions regarding the yield curve control (YCC) program could potentially influence global financial markets and, in turn, impact the cryptocurrency space.

The BoJ’s Yield Curve Control Program

A headstone of the Bank of Japan

For the past few years, the BoJ has been implementing the YCC program, which aims to stabilize the 10-year government bond yield near 0%. This monetary policy involves purchasing government bonds to ensure ample liquidity in the market. Consequently, this has led to downward pressure on bond yields across the advanced world, according to a CoinDesk report.

Financial experts suggest that the BoJ may make notable adjustments to its YCC program on Friday. Specifically, there is speculation that the bank might widen the 10-year JGB yield band from the existing +/- 50 basis points to +/- 100 basis points. By doing so, the BoJ would indirectly taper their bond purchases, potentially affecting liquidity-boosting efforts.

Understanding the Impact on Cryptocurrency Market

Some might dismiss these potential changes as having little impact on the cryptocurrency market. However, historical data tells us a different story.

Cryptocurrencies, including Bitcoin, have shown sensitivity to various market factors, including bond yields, bond market volatility, the dollar index, and global liquidity conditions. Therefore, any alterations to the BoJ’s YCC program and subsequent market volatility could very well translate to increased fluctuations in the crypto space.

According to CoinDesk, the International Monetary Fund (IMF) has recently recommended that Japan move away from the YCC program to prepare for a possible increase in interest rates from the current -0.1%. This suggestion, combined with the BoJ’s potential actions, has caught the attention of investors and may contribute to shifts in market sentiment.

Current Status of Bitcoin

BTC/USD daily chart from TradingView

As of the time of making this report, Bitcoin was trading at around $29,300, down by 0.25% on the day. Nevertheless, market participants remain watchful, fully aware that the BoJ’s forthcoming decision could hold the key to igniting a greater market movement.

 

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Quant Price Prediction: QNT/USD Ranges Around $105; Price Could Spike to the North

Quant Price Prediction – July 26

The Quant price prediction reveals that if bulls push the market price above the moving averages, QNT will head to the upside.

QNT/USD Medium-term Trend: Ranging (1D Chart)

Key Levels:

Resistance levels: $115, $120, $125

Support levels: $90, $85, $80

Quant Price Prediction: QNT/USD Ranges Around $105; Price Could Spike to the North
QNTUSD – Daily Chart

At the time of writing, QNT/USD is moving sideways, trading above the 9-day and 21-day moving averages. Meanwhile, as the coin hovers at $101.9, the bullish momentum will make the coin move toward the resistance level of $110 resistance level. Nevertheless, if the bulls fail to drive the price toward the upper boundary of the channel, the Quant price could slide below the moving averages.

Quant Price Prediction: QNT/USD Would Head to the Upside

The Quant price is changing hands at $101.9 where it could reclaim the resistance level of $105. The coin may stay above the 9-day and 21-day moving averages so that it can locate the potential resistance levels at $115, $120, and $125 above the upper boundary of the channel. Meanwhile, the support levels remain at $90, $85, and $80 for the new buyers to come into the market while the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

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

The Quant price remains below the 9-day and 21-day moving averages but could head toward the upper boundary of the channel if the buyers increase the pressure. The technical indicator Relative Strength Index (14) moves below the 50-level, which suggests that the coin may move sideways before heading to the upside. This is to prepare the buyers for the upward movement and it could be the best time for more buyers to buy the dip.

QNTUSD – Daily Chart

However, any bullish movement toward the upper boundary of the channel could hit the resistance level at $108 and above. Nevertheless, QNT/USD could display some bearish signals if the market price crosses below the lower boundary of the channel, and the Quant price may locate the critical support at $96 and below.

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Bitcoin (BTC/USD) Price Is Mustering a Catalyst, Striving for Rises

Bitcoin Price Prediction – July 27
Bitcoin’s price is mustering a catalyst, striving for rises against the market valuation of the US currency from the psychological lower range point of $30,000, surfacing at higher trading spots that have peaked below the $32,000 resistance line some time ago.

Even though there have been pressures indicating that purchasers are attempting to surge back, a line of precautionary trade techniques must be adhered to when launching some order executions. Another technical viewpoint, however, contends that bears cannot ignore a consolidation moving picture at this moment. In order to protect any immediate long position orders, a stop-loss order should be placed closely below the point of $28513.78.

BTC/USD Market
Key Levels:
Resistance levels: $31,000, $33,000, $35,000
Support levels: $28,000, $27,000, $26,000

BTC/USD – Daily Chart
The BTC/USD daily chart showcases that the crypto-economic price is mustering a catalyst, striving for rises from variant close lower points below the level of $30,000.

The 14-day SMA indicator is at $29,861.96 above the $28,513.78 value of the 50-day SMA indicator. In order to consolidate between 13.13 and 8.04, the Stochastic Oscillators have slipped into the oversold area. A line of three different smaller bullish candlesticks that developed about three days ago indicated a dowse moment for the most recent retracement operations.
Bitcoin (BTC/USD) Price Is Mustering a Catalyst, Striving for Rises
What should purchasers do in response to the 14-day SMA, given the BTC/USD market’s current pace of gradual increases?
In order to avoid losing momentum back to the downside going upward from the present trade capacity of the BTC/USD market bulls, price has to forcibly push past the smaller SMA trend line, as it has been observed that the crypto-economic market is mustering a catalyst, striving for rises.

The positioning view of the majority of the lower trade charts, which indicates that a movement back to the north is imminent before pressing for buy orders afterward, also needs to be taken into consideration while determining buying actions at this point in the longing side of this technical analytical piece.

On the negative side of technical analysis, sellers may regain market control by rejecting surges that are likely to prove false around the resistance levels of $31,000 or, in turn, $32,000. If the anticipated trade situation persists over an extended period of time, a frightening breakout of those values may result in the establishment of even higher range-bound places.
Bitcoin (BTC/USD) Price Is Mustering a Catalyst, Striving for Rises
BTC/USD 4-hour Chart
The BTC/USD 4-hour chart shows the crypto-economic price is mustering a catalyst, striving for a rise closely below the SMA trend lines.

The 50-day SMA indicator’s price of $29,924.78 is below the 14-day SMA indicator’s price of $29,543.23. The medium-term run prognosis of this trade has been impacted to varying degrees by rising lows. And as a result of their actions, the stochastic oscillators are now fully positioned northbound between 96.07 and 99.05.

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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