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Green Satoshi Token (GST SOL) Price Prediction 2022 — Will GST SOL Hit $2 Soon?

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Green Satoshi Token (Gst Sol) Price Prediction 2022 — Will Gst Sol Hit $2 Soon?
  • Bullish GST SOL price prediction is $0.1372 to $1.4933.
  • Green Satoshi Token (GST SOL) price might also reach $2 soon.
  • Bearish GST SOL price prediction for 2022 is $0.0338.

In Green Satoshi Token (GST SOL) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about GST SOL to analyze the future movement of the cryptocurrency. 

Green Satoshi Token (GST SOL) Current Market Status

According to CoinGecko, the price of Green Satoshi Token (GST SOL) is $0.061335 with a 24-hour trading volume of $16,222,941 at the time of writing. However, GST SOL has decreased by nearly 12.3% in the last 24 hours.

Moreover, Green Satoshi Token (GST SOL) has a circulating supply of 329,975,416 GST SOL. Currently, Green Satoshi Token (GST SOL) trades in cryptocurrency exchanges such as Gate.io, Coinbase Exchange, KuCoin, FTX, Bybit.

What is Green Satoshi Token (GST SOL)?

Green Satoshi Token (GST) is the in-game token of STEPN, a web3.0 lifestyle app. STEPN is an move-to-earn NFT game in which players earn GST tokens by moving around outside while sporting NFT Sneakers and walking, jogging, or running.

STEPN uses the Solana blockchain. Users get points based on the distance they run, which is monitored by GPS, and are then rewarded for their accomplishments with cryptocurrency tokens. The benefits are credited in Green Satoshi Tokens (GST) to the user’s wallet.There is another sister token for GST in STEPN, the Green Metaverse Token (GMT). 

Green Satoshi Token (GST SOL) Price Prediction 2022

Green Satoshi Token (GST SOL) holds the 653rd position on CoinGecko right now. GST SOL price prediction 2022 is explained below with a daily time frame.

GST SOL /USDT Descending Channel Pattern (Source: Tradingview)

The above chart of Green Satoshi Token (GST SOL) laid out the descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.

Currently, Green Satoshi Token (GST SOL) is in the range of $0.0679. If the pattern continues, the price of GST SOL  might reach the resistance levels of $0.1042,, and $0.2480 If the trend reverses, then the price of GST SOL may fall to $0.045.

Green Satoshi Token (GST SOL) Support and Resistance Levels

The chart below shows the support and resistance levels of Green Satoshi Token (GST SOL).

1658813403 737 Green Satoshi Token Gst Sol Price Prediction 2022 — Will
GST SOL /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Green Satoshi Token (GST SOL). 

Resistance Level 1 $1.11771
Resistance Level 2 $1.54502
Resistance Level 3 $2.24806
Support Level 1 $0.83766
Support Level 2 $0.53816
GST SOL Resistance & Support Level

The charts show that Green Satoshi Token (GST SOL)  has performed a bullish trend over the past month. If this trend continues, GST SOL might run along with the bulls overtaking its resistance level at $1.4933.

Accordingly, if the investors turn against the crypto, the price of Green Satoshi Token (GST SOL)  might plummet to almost $0.0338, a bearish signal.

Green Satoshi Token (GST SOL) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Green Satoshi Token (GST SOL) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. currently, the RVOL of GST SOL lies below the cutoff line, indicating weak participants in the current trend.

1658813403 245 Green Satoshi Token Gst Sol Price Prediction 2022 — Will
GST SOL /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Green Satoshi Token (GST SOL) is shown in the chart above. Notably,  Green Satoshi Token (GST SOL) price lies above 50 MA (short-term), so it is completely in an uptrend. Currently, GST SOL has entered a bullish state. Therefore, there is a possibility of a reversal trend of GST SOL at any time.

Meanwhile, the relative strength index (RSI) of the GST SOL is 59.71. This means that Green Satoshi Token (GST SOL) is in an overbought state. However, this means a major price reversal of GST SOL may occur in the upcoming days. So, traders need to trade carefully. 

Green Satoshi Token (GST SOL) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Green Satoshi Token (GST SOL). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

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GST SOL /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Green Satoshi Token (GST SOL). Currently, the ADX of GST SOL lies in the range of 63.5457 and thus, it indicates a very strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Green Satoshi Token (GST SOL). RVI measures the constant deviation of price changes over a period of time. The RVI of GST SOL lies below 50, indicating low volatility. In fact, the RSI of Green Satoshi Token (GST SOL) is at 59.71, thus confirming a potential buy signal.

Comparison of GST SOL with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Green Satoshi Token (GST SOL).

1658813403 117 Green Satoshi Token Gst Sol Price Prediction 2022 — Will
BTC Vs ETH Vs GST SOL  Price Comparison (Source: Tradingview)

From the above chart, we can interpret the price changes of BTC, ETH, and GST SOL  are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and GST SOL would increase or decrease respectively.

Green Satoshi Token (GST SOL) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Green Satoshi Token (GST SOL) might probably attain $3 by 2023.

Green Satoshi Token (GST SOL) Price Prediction 2024

With several upgrades in the network, Green Satoshi Token (GST SOL) might enter a bullish trajectory. If the coin grabs the attention of major investors, GST SOL might rally to hit $4 by 2024. 

Green Satoshi Token (GST SOL) Price Prediction 2025

If Green Satoshi Token (GST SOL) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, GST SOL would rally to hit $5.5.  

Green Satoshi Token (GST SOL) Price Prediction 2026

If Green Satoshi Token (GST SOL) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, GST SOL would rally to hit $7. 

Green Satoshi Token (GST SOL) Price Prediction 2027

If Green Satoshi Token (GST SOL) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, GST SOL would rally to hit $8.2. 

Green Satoshi Token (GST SOL) Price Prediction 2028

If Green Satoshi Token (GST SOL) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, GST SOL would hit $9 in 2028.

Green Satoshi Token (GST SOL) Price Prediction 2029

If investors flock in and continue to place their bets on Green Satoshi Token (GST SOL), it would witness major spikes. GST SOL might hit $11 by 2029.

Green Satoshi Token (GST SOL) Price Prediction 2030

With greater advancements in the Green Satoshi Token ecosystem, the crypto community might continue to invest in GST SOL for the next 8 years and drive significant price rallies for the token. Hence, Green Satoshi Token (GST SOL) might hit $14 by 2030.

Conclusion

With continuous improvements in the Green Satoshi Token  network, we can say that 2022 is a good year for GST SOL. For this reason, the bullish price prediction of Green Satoshi Token (GST SOL) in 2022 is $1.4933. On the other hand,  the bearish price prediction of Green Satoshi Token (GST SOL) price prediction for 2022 is $0.0338.

Furthermore, with the advancements and upgrades to the Green Satoshi Token  ecosystem, the performance of GST SOL would help to reach above its current all-time high (ATH) of $8.51 very soon. But, it might also reach $2 if the investors believe that GST SOL is a good investment in 2022.

FAQ

1. What is Green Satoshi Token (GST SOL)?

Green Satoshi Token (GST SOL) is the in-game token of the STEPN, a web3 lifestyle app. STEPN is an move-to-earn NFT game where players earn its native cryptos by walking, running or jogging.

2. Where can you purchase STEPN (GMT)?

Green Satoshi Token (GST SOL) has been listed on many crypto exchanges which include Gate.io, Coinbase Exchange, KuCoin, FTX, Bybit.

3. Will Green Satoshi Token (GST SOL) reach a new ATH soon?

With the ongoing developments and upgrades within the Green Satoshi Token  platform, GST SOL  has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Green Satoshi Token (GST SOL)?

On April 28,2022, Green Satoshi Token (GST SOL) reached its new all-time high (ATH) of  $8.51.

5. Is Green Satoshi Token (GST SOL) a good investment in 2022?

Green Satoshi Token (GST SOL) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Green Satoshi Token  in the past few months, GST SOL  is considered a good investment in 2022.

6. Can Green Satoshi Token (GST SOL) reach $2?

Green Satoshi Token (GST SOL) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Green Satoshi Token (GST SOL) will hit $2 soon.N (GMT) will hit $4 soon.

7. What will be Green Satoshi Token (GST SOL) price by 2023?

 Green Satoshi Token (GST SOL) price is expected to reach $3 by 2023.

8. What will be Green Satoshi Token (GST SOL) price by 2024?

 Green Satoshi Token (GST SOL) price is expected to reach $4 by 2024.

9. What will be Green Satoshi Token (GST SOL) price by 2025?

 Green Satoshi Token (GST SOL) price is expected to reach $5.5 by 2025.

10. What will be Green Satoshi Token (GST SOL) price by 2026?

STEPN (GMT) price is expected to reach $7 by 2026.

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6 Best New Cryptocurrency Australia to Buy 2022

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6 Best New Cryptocurrency Australia To Buy 2022

With the growing popularity of cryptocurrencies, investors from all over the world are looking to buy the best new cryptocurrency assets in 2022. This guide reviews the 6 best new cryptos to buy in Australia in 2022.

Top 6 New Cryptocurrency Australia to Buy 2022

  • TamadogeBest New Crypto to Buy in Australia in 2022
  • Battle InfinityTop New P2E Platform to invest in Australia
  • Lucky BlockNew NFT Cryptocurrency Project to Buy in Australia
  • EthereumBest New Altcoin to Invest in Australia
  • SolanaHighly Scalable Cryptocurrency Project in 2022
  • DogecoinMeme Coin to Invest in Australia in 2022

 

A Further Look into the 6 Best New Crypto Australia in 2022

The sections below provide an in-depth review of the 6 best cryptocurrency in Australia and the best new cryptocurrency projects to look at.

1.    Tamadoge – Best New Crypto to Buy in Australia in 2022

We recommend Tamadoge (TAMA) as the best new crypto to buy in Australia in 2022. A play-to-earn (P2E) decentralized project, Tamadoge offers exciting in-game rewards to players via NFTs and crypto holding and earning opportunities.

The native cryptocurrency, TAMA, can be used as an investment tool and in-game currency to purchase virtual items and earn rewards. One of the crucial features of this platform are the Tamadoge pets – dog-like virtual characters which have been minted as NFTs via smart contract functionality.

Players can buy these pets on the Tama store and use them in competitions to earn points on a monthly leaderboard using TAMA. Unlike many meme tokens, TAMA is a deflationary token with a total supply of 2 billion coins.

Furthermore, 5% of all tokens spent on the ecosystem are burnt. This helps increase the demand against the supply, which may positively impact the price of TAMA.

TAMA is available to buy on presale for only $0.0125 per token. The project reached its beta presale hard cap targets of $2 million in only 10 days and is now looking to collect $19 million by Q4 2022. So far, TAMA has collected $4 million and is proving to be one of the best utility tokens to buy in Australia.

After the presale ends, TAMA will be launched on popular centralized and decentralized exchanges. LBank, a popular centralized exchange tweeted confirming Tamadoge’s listing after the presale ends.

Join the Tamadoge Telegram Channel to stay updated with all the latest news and information related to this new crypto project. Telegram admins will never DM you first, beware of impersonators and use the pinned messages for official info.

Buy Tamadoge on Presale

2.    Battle Infinity – Top New P2E Platform to invest in Australia

Battle Infinity is an upcoming P2E and decentralized platform. Players can access Battle Arena – the metaverse of the Battle Infinity ecosystem. Along with P2E characteristics, platform members can earn crypto rewards via IBAT – the native cryptocurrency.

One of the best emerging cryptos, IBAT, sold out its 90-day presale targets in only 24 days. IBAT will be deployed on PancakeSwap – a popular decentralized exchange (DEX), on August 16th. On Battle Infinity, you can participate in the Premier League – the world’s first decentralized sports fantasy league.

1660721220 362 6 Best New Cryptocurrency Australia To Buy 2022

IBAT can be purchased and swapped with other cryptos from the IBAT Battle Swap – the native DEX of Battle Infinity. Furthermore, IBAT offers staking opportunities to earn passive income to players. Demonstrating NFT interoperability, the Battle Arena lets users participate in a virtual ecosystem, where players have their unique avatars minted as NFTs using ERC 721 smart contracts.

To get the latest updates, subscribe to Battle Infinity’s Telegram channel. Telegram admins will never DM you first, beware of impersonators and use the pinned messages for official info.

Visit Battle Infinity Now

3.    Lucky Block – New NFT Cryptocurrency Project to Buy in Australia

Another one of the new cryptocurrency platforms to invest in Australia is Lucky Block – an NFT-based competition platform. Players can participate in weekly main draws, and NFT draws every Friday to try and earn up to $50,000.

 

1660721220 76 6 Best New Cryptocurrency Australia To Buy 2022

To enter, interested users can purchase a minimum of 5 $1 tickets or buy NFTs minted on the Lucky Block platform. LBLOCK, the native cryptocurrency of the ecosystem, acts as the in-game currency and is used to settle transactions and pay platform winners.

LBLOCK was released in January 2022 and instantly rewarded early investors with a 1,100% price increase within two weeks of launch. Furthermore, this cryptocurrency recently increased by 3,000% after its launch on PancakeSwap – the popular DEX.

LBLOCK is currently trading at $0.0012 per token.

Visit Lucky Block

4.    Ethereum – Best New Altcoin to Invest in Australia

Ethereum is the largest altcoin in the world, with a market cap of $231 billion. This open-sourced blockchain network became one of the first networks to deploy smart contracts. Thus, Ethereum attracts thousands of developers looking to deploy DeFi (decentralized finance) protocols and DApps in their ecosystem.

1660721220 496 6 Best New Cryptocurrency Australia To Buy 2022

Ethereum is expected to release a network upgrade known as ETH 2.0 in 2022, which will solve scalability and slow transaction speed issues. Should the deployment succeed, investors may see a potential price gain. After reaching an ATH of $4,900, ETH is available to buy for just $1,900 per token in August 2022.

Buy Ethereum Now

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5.    Solana – Highly Scalable Cryptocurrency Project in 2022

Similar to Ethereum, Solana is an open-sourced blockchain network that has deployed smart contracts on its platform. After the popularity of Ethereum, many rival altcoin blockchains emerged by providing cheaper gas fees and high scalable compatibilities.

1660721220 703 6 Best New Cryptocurrency Australia To Buy 2022

Solana (SOL) has proved to be a big rival to Ethereum due to its high scalability and network speeds. Ethereum manages only 17 transactions per second (TPS) compared to Solana’s 65,000 TPS. SOL, the native cryptocurrency, rose from $0.7 to an ATH of $260 in 2022. Solana is currently trading at $45 per token.

Buy Solana Now

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

6.    Dogecoin – Meme Coin to Invest in Australia in 2022

Dogecoin became one of the best meme coins after gaining social media and mainstream popularity in 2020 and 2021. One of the best performing tokens in 2021, Dogecoin was supported by major billionaires in the crypto sector, including Elon Musk and Mark Cuban.

1660721220 598 6 Best New Cryptocurrency Australia To Buy 2022

In 2021, DOGE increased from a price of $0.009 to an ATH of $0.74 – a price increase over 7,000%. However, DOGE has corrected throughout 2022. After beginning the year at $0.17, the token has fallen to a price of $0.7 and has a market cap of $10 billion.

Buy Dogecoin Now

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy Tamadoge

The sections below provide a step-by-step guide on buying Tamadoge – the best crypto in Australia in 2022.

Step 1: Set up a Crypto Wallet

Firstly, users need to download a crypto wallet when looking for where to buy Tamadoge.

1660721220 111 6 Best New Cryptocurrency Australia To Buy 2022

Interested readers can download MetaMask – one of the best crypto wallets to let users connect with the Tamadoge presale.

Traders can head over to MetaMask and click on ‘Download’.

Step 2: Buy ETH or USDT

Investors need to buy Tamadoge with ETH or USDT. If you do not own any of these cryptos, head over to a preferred crypto exchange, buy ETH or USDT and transfer the tokens back to their Metamask wallets.

Step 3: Link MetaMask to Tamadoge Presale Platform

The next step is to go on the Tamadoge website and click on ‘buy’. Users can then click ‘Connect Wallet’ and choose their wallet provider to connect with the presale platform.

1660721220 329 6 Best New Cryptocurrency Australia To Buy 2022

Follow the instructions to officially link the wallet.

Step 4: Buy TAMA Tokens

The final step is to buy TAMA. Simply enter the amount of TAMA you would like to purchase and select ‘Convert ETH’ or ‘Convert USDT’. Users need to purchase a minimum of 1,000 TAMA.

Finally, users can claim their TAMA tokens once the presale ends. Once the presale period is over, click on ‘claim’ on the Tamadoge website’s homepage.

It’s also possible to buy TAMA using a debit/credit card via the popular fiat on-ramp Transak. That option will be available after connecting a MetaMask wallet.

 

 

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A Brief Overview of Cryptofinance Platform: Cake DeFi

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A Brief Overview Of Cryptofinance Platform: Cake Defi

The Singapore-based cryptofinance platform Cake DeFi has now launched its Q2 Transparency Report, which details the company’s accomplishments for the period. Despite Q2 2022 being one of the worst times for the cryptocurrency industry and the overall investment sector, Cake DeFi experienced its best quarter ever in terms of user growth, funded accounts, and payments.

The Cake DeFi Committee has preferred to further diversify its treasury by investing 15 million dUSD in decentralized assets including dTSLA, dTLT, and a few others, building on the company’s strong financial standing. Additionally, despite how much the broader markets’ prices have fallen, there may be a lot of potential upside. This will be made entirely public by Cake so that everyone may follow the progress.

According to the Cake DeFi report, user growth each week on average was 3.25% in Q2. In the second quarter, Cake DeFi threw away $58,000,000 in rewards to its clients, bringing the total given out to US$375,000,000 since the company’s founding. Cake has a positive cash flow and is actively growing its employees, in contrast to its competitors. Even if all sales abruptly stopped, it would still have enough cash on hand to operate for at least four years. Additionally, the mobile app’s user interface has been updated, and automated KYC approval times have been improved up to 3 minutes.

Cake DeFi Product feature:

Cake DeFi offers three main products,  liquidity mining, lending, and staking. The other two products are the newly released Borrow and the Freezer. Users of the Staking product can obtain rewards while assisting with the security of blockchains. Users can borrow Decentralized USD (DUSD) that was created on the DeFiChain blockchain by easily pledging Bitcoin, Ethereum, Tether, USDC, or DFI as security.

Liquidity mining: By allowing trades between two separate token pairs on a decentralized exchange, users can generate annual profits of up to 45.4%. Lending Cake enables users to borrow up to 6.5% APY on their cryptocurrency holdings, including Bitcoin, Ethereum, USDT, and USDC. And Freezer: It freezes the allocated funds for two times the rewards for up to ten years.

Cake is a robust financial fintech platform that complies with FATF requirements. Additionally, it recently joined Coinbase TRUST to adhere to the Travel Rule regulations while safeguarding consumer security and privacy.

Furthermore, the DeFiChain blockchain is the place where decentralized assets, or dTokens, are minted. The prices of the underlying stocks were rather mimicked by these blockchain-based tokens. On Cake DeFi, you may trade decentralized tokens with prices that mimic those of various well-known equities, like Apple, Tesla, Intel, the S&P 500, and many others. Additionally, users can mine for liquidity using the dTokens to receive additional rewards.

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SHIB On Fire – And A Bull Run Could Be Around The Corner – Here’s Why

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Shib

Shiba Inu (SHIB) price has spiked by over 30%, signifying a bull run may not be far away.

  • SHIB price surged by over 30% on August 14
  • Shiba Inu trading volume peaked to 700% yesterday; highest since April 12
  • SHIB registers extended period of MDIA which means traders must exercise caution

SHIB price has peaked to as high as $0.00017, which is considerably the highest it has been since May 10. More so, trading volume has also climbed to 700% over the weekend which is the highest registered since April 12.

Shiba Inu network registered a huge uptrend in whale transactions soaring to as much as $100,000 as seen in August trading session. Considerably, around 400 whale transactions were done catapulting to a record-breaking transactions amounting to more than $100,000 that SHIB was able to log in the past few months.

SHIB Daily Chart Shows Premature Bull Run

Judging by the movement of SHIB on the daily chart, it seems that the price spike seen over the weekend is a premature call for a bull run.

With the MFI and RSI chartering the overbought zones, the MACD position isn’t showing any potential bull run. Apparently, there were no intersections seen between the trend lines and MACD that could hint a gigantic uptrend.

According to CoinMarketCap, SHIB is up by 2.72% or trading at $0.00001619 as of this writing. Despite the coin soaring in value overnight, the MVRV for 1D is low at -7.498% which hints that only a few investors gained profit from the price rally yesterday.

On the other hand, the MVRV for 30D is seen to be positive at +28.32%.

SHIB Shows Extended MDIA

Another metric to be considered by investors is the MDIA or Mean Dollar Invested Age which refers to the mean or average of all the tokens and/or coins on the blockchain based on price.

When the MDIA increases, it signifies that the tokens are lying dormant in wallets. An extended period of MDIA uptrend warns that the network is in a lull or stagnant phase which will make it extremely hard to push the price up.

Shiba Inu’s MDIA shows that its MDIA has been stretched for a long time or six months at most. With that being said, traders must always be cautious in taking trading positions because the MDIA indicates that SHIB may fall.

Another dog meme coin, Dogecoin (DOGE) also logged remarkable gains in yesterday’s trading session even without any support from Elon Musk who has been unusually silent about the coin for several months now.

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Ethereum Indicators Suggest ETH at Potentially Significant Turning Point

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Ethereum

Ethereum is slowly moving lower below $1,900 against the US Dollar. ETH must stay above $1,850 to avoid more losses in the near term.

  • Ethereum started a downside correction below the $1,920 level.
  • The price is now trading below $1,920 and the 100 hourly simple moving average.
  • There is a key declining channel forming with resistance near $1,900 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to decline if it stays below $1,900 and $1,950.

Ethereum Price Faces Resistance

Ethereum started a downside correction from well above the $2,000 resistance zone. ETH slowly moved lower below the $1,950 and $1,920 levels.

There was a clear move below the $1,900 level and the 100 hourly simple moving average. Ether price traded as low as $1,854 and remained stable above the $1,850 support zone. It is now consolidating losses above the $1,860 level.

An immediate resistance on the upside is near the $1,900 level and the 100 hourly simple moving average. It is near the 23.6% Fib retracement level of the recent drop from the $2,030 swing high to $1,854 low. There is also a key declining channel forming with resistance near $1,900 on the hourly chart of ETH/USD.

The first major resistance is near the $1,920 and $1,925 levels. The key breakout zone is forming near the $1,950 level or the 50% Fib retracement level of the recent drop from the $2,030 swing high to $1,854 low.

Source: ETHUSD on TradingView.com

A clear move above the $1,950 resistance could start a steady increase to $2,000. If there are more upsides, the price may perhaps gain bullish momentum and test the $2,080 resistance zone in the near term.

More Losses in ETH?

If ethereum fails to rise above the $1,925 resistance, it could continue to move down. An initial support on the downside is near the $1,860 zone.

The next major support is near $1,850, below which there is a risk of a sharp decline. In the stated case, ether price may perhaps decline towards the $1,810 level. If the bears remain in action, the price could even drop towards the $1,750 level.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is now losing momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 level.

Major Support Level – $1,850

Major Resistance Level – $1,925

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XRP Price Could Rise If It Clears This Price Barrier

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Xrp Price

XRP Price has witnessed consolidation between the $0.30 and $0.37 mark for a considerable number of trading sessions. Over the last 24 hours, the altcoin has managed to hover around the same price mark without losing its market value. In the past week, XRP price has lost 2% of its value.

Lateral trading had caused buying strength of the coin to be be affected. For the bulls to take charge, it is important for XRP to break past its sideways trading. XRP had formed higher highs and higher lows at the end of July. The bulls don’t seem to be able to push past the $0.37 mark.

This could be pointed towards the lack of demand for XRP. The $0.37 mark has been a propelling point for the altcoin’s price, however, the bulls could not hold on to the momentum even then. With Bitcoin receding on its chart, many altcoins have also followed the same sentiment on their respective charts. Demand and broader market strength remain crucial for XRP.

XRP Price Analysis: Four Hour Chart

XRP was priced at $0.37 on the four hour chart | Source: XRPUSD on TradingView

The altcoin at the time of writing was trading for $0.37. XRP had witnessed sharp resistance at the $0.39 price ceiling. Incase XRP price manages to topple over the $0.39 level, there could be a possibility for a rally. Additional resistance mark for the coin was at $0.40.

The local support for XRP rested at $0.34. A fall below the $0.34 level will cause XRP to trade at $0.31. Amount of XRP traded over the last session had increased as the sellers were dominating the price action.

Technical Analysis

Xrp Price
XRP registered fall in buying strength on the four hour chart | Source: XRPUSD on TradingView

A continued sideways trading with XRP price oscillating between $0.30 and $0.37 has pushed buyers out of the market slowly. The technical indicator for the coin displayed that.

The Relative Strength Index was below the zero-line because sellers were more compared to buyers in the market. It was a sign of bearishness.

XRP price was pictured below the 20-SMA line which again is a sign of the bears resurfacing as the sellers were driving the price momentum in the market.

Xrp Price
XRP displayed sell signal on the four hour chart | Source: XRPUSD on TradingView

The fall in buying strength gave rise to sell signal for the altcoin at the time of writing. The indication of the sell signal meant that the bearishness was still prevailing. The Moving Average Convergence Divergence tells the price momentum with possibility of reversals.

MACD witnessed bearish crossover and formed the red histograms which are related to the sell signal. Bollinger Bands indicate the price volatility, thereby, pointing towards chance of price fluctuation. The bands became broader which meant that XRP price could witness upcoming price volatility.

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Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $24.5K

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Bitcoin

Bitcoin is struggling below $24,500 against the US Dollar. BTC could continue to move down below the $23,650 and $23,500 support levels.

  • Bitcoin is slowly moving lower and trading well below the $25,000 level.
  • The price is now trading below the $24,200 level and the 100 hourly simple moving average.
  • There is a key bearish trend line forming with resistance near $24,020 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could extend losses below the $23,650 and $23,500 support levels in the near term.

Bitcoin Price Turns Red

Bitcoin price started a slow and steady decline from the $25,000 resistance zone. BTC declined below the $24,650 and $24,500 levels to move into a short-term bearish zone.

There was a break below the $24,000 level and the 100 hourly simple moving average. The price traded as low as $23,673 and is currently consolidating losses. On the upside, an immediate resistance is near the $24,000 level. It is near the 23.6% Fib retracement level of the recent drop from the $25,200 swing high to $23,673 low.

There is also a key bearish trend line forming with resistance near $24,020 on the hourly chart of the BTC/USD pair. The first major resistance on the upside sits near the $24,250 level and the 100 hourly simple moving average.

The next key resistance is near the $24,450 zone. It is near the 50% Fib retracement level of the recent drop from the $25,200 swing high to $23,673 low. A close above the $24,450 and $24,500 resistance levels might start another increase.

Source: BTCUSD on TradingView.com

In the stated case, the price may perhaps climb towards the $25,000 resistance. Any more gains might send the price towards the $25,800 level.

More Losses in BTC?

If bitcoin fails to clear the $24,450 resistance zone, it could continue to move down. An immediate support on the downside is near the $23,675 level.

The next major support now sits near the $23,450 level. A downside break and close below the $23,450 level might put a lot of pressure on the bulls. In the stated case, the price might decline towards the $22,750 level.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $23,650, followed by $23,500.

Major Resistance Levels – $24,020, $24,450 and $24,500.

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