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Polkadot (DOT) Price Analysis: July 28

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Polkadot (Dot) Price Analysis: July 28
  • On July 28, the bullish DOT price analysis is at $7.58.
  • DOT’s bearish market price analysis for July 28, 2022, is $5.99.
  • Polkadot’s MA shows a downward trend.

In Polkadot (DOT) price analysis on July 28, 2022, we use price patterns, and Moving Average about DOT to analyze the future movement of the cryptocurrency. 

Polkadot (DOT)

DOT is the native cryptocurrency of Polkadot. A blockchain interoperability system protocol was established in 2016. It is a sharded blockchain, which means that many different chains are connected to the same network, which allows them to process and transfer data between chains in parallel without sacrificing security.

Polkadot (DOT) Price Analysis

DOT price analysis on July 28 is 2022 is explained below within a four-hour time frame.

The falling wedge is a bullish price pattern that represents a story about the market in which bulls are preparing for another push. A falling wedge pattern is bullish, although it appears after a bearish trend. The falling wedge pattern works as both a trend work as a trend reversal and a trend continuation pattern. If the falling wedge appears in a downtrend, it is considered a reversal pattern. 

A falling wedge is an important technical formation that signals that the correction, or consolidation, has just ended as the asset’s price left the wedge to the upside and, in most cases, the continuation of the overall trend is taking place.

Currently, the price of DOT is $7.26. If the pattern continues, the price of DOT might reach the resistance level of $7.58 and buy level $6.89 If the trend reverses, then the price of DOT may fall to $5.99 and sell level $6.50.

Polkadot (DOT) Moving Average

The DOT’s Moving Average (MA) is shown in the chart below. 

Currently, DOT is in a bearish state. However, the DOT price lies above 50 MA (short-term) but lies below 200 MA (long-term). Henceforth, when DOT completely moves above 50 & 200 MA then it is said to be a bullish trend. Therefore, there is a possibility of a reversal trend of DOT at any time.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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TA- Shiba Inu Price Struggles, But Could Be Set For A Major Run

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Ta- Shiba Inu Price Struggles, But Could Be Set For A Major Run

The price of the Shiba Inu (SHIB) could be set for a major run as it holds its support against Tether (USDT). 

Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market as the price of Shiba Inu eyes $0.00001700.

Related Reading: AVAX Holds Steady And Sets Sights On $50 Barrier Breach

The consumer price Index measures inflation in the economy, due to market sentiments this affects the prices of assets. (Data feeds from Binance)

Shiba Inu Price Analysis On The Weekly Chart

Weekly Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com

From the chart, the price of SHIB saw a weekly low of around $0.00000740, which bounced from that area and rallied to a price of $0.00001240.

The price has built more momentum as it faces resistance at $0.00001400.

If the price of SHIB on the weekly chart continues with this bullish structure, it could quickly revisit  $0.00001732.

Weekly resistance for the price of SHIB – $0.00001400.

Weekly support for the price of SHIB – $0.00000995.

 

Price Analysis Of SHIB On The Daily (1D) Chart

1660239920 456 Ta Shiba Inu Price Struggles But Could Be Set For
Daily Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com

The price of SHIB found strong support at around $0.00001, with what seems to be an area of interest on the daily chart.

SHIB bounced from its support and rallied as it faced resistance to breaking above the 50 Exponential Moving Average (EMA) which corresponds to $0.00001154.

At the point of writing, the price of SHIB is at $0.00001265, trying to break above a ranging channel to the upside.

SHIB is facing a resistance of $0.00001400 to break the channel, If the price of SHIB breaks above the $0.00001400 resistance with good volume the price of SHIB could rally to a high of $0.00001720.

The Relative Strength Index (RSI) for the price of SHIB on the daily chart is above 60, indicating healthy buy bids for SHIB.

The volume for SHIB indicates buy bids, this shows bulls would want to push the price higher.

 

Daily (1D) resistance for SHIB price – $0.000014.

Daily (1D) support for SHIB price – $0.0000115, $0.00001.

Shiba Inu Price Analysis On The Four-Hourly (4H) Chart

1660239920 521 Ta Shiba Inu Price Struggles But Could Be Set For
Four-Hourly Price Analysis For SHIB | Source: SHIBUSDT On Tradingview.com

The price of SHIB has continued to maintain its bullish structure despite retracing to its support that corresponds to its 50 EMA at $0.00001226 on the 4H chart, as the price faces resistance at $0.000013.

SHIB price is $0.00001266, trading above the 50 and 200 EMA with prices of $0.0000120 and $0.00001154 on the 4H chart. These prices would act as support areas for SHIB on the 4H chart.

 

Four-Hourly (4H) resistance for SHIB price – $0.000013, $0.000014.

Four-Hourly (4H) support for SHIB price – $0.00001210, $0.00001154.

 

A break in the resistance would send SHIB’s prices higher.

Featured image from Bitcoinist, Charts from TradingView.com 
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Market Sentiment Shoots Up As Bitcoin Eyes $25,000

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Bitcoin

The crypto market sentiment had taken a beating when the price of bitcoin fell to a new cycle low of $17,600. With this, investor sentiment had plummeted to new yearly lows. But slowly, the market sentiment had recovered and made its way out of the extreme fear territory. That is until now when the market sentiment has recorded an enormous push upward off the back of another market rally.

Sentiment Turning Green

The crypto market sentiment has been on an uptrend since the recovery started back in July. When the price of bitcoin first hit $24,000 for the first time since the market trend, the market sentiment had quickly moved out of the extreme fear territory.

Despite the recovery in the market, the market sentiment was still mainly in the red, and the score on the Fear & Greed Index remained low. However, the Wednesday market recovery saw one of the largest jumps for the year 2022. After trending around 31 on the index for most of Wednesday, the score had seen a sharp upward reversal to 41.

This level puts the market sentiment the closest to greed that it has ever been since the crash. It is also a sharp contrast to the score for last week, as well as the overall score for the month of July, which put the market at a 16, deep in extreme fear.

The reversal also shows that investors are beginning to return to the market. Accumulation trends are usually started and strengthened during times such as this, contributing to the uptick in cryptocurrency prices all across the space.

BTC recovers above $24,000 | Source: BTCUSD on TradingView.com

Bitcoin Wants $25,000

Bitcoin’s recovery has been leading it towards one of the most coveted positions in the current market. The $25,000 mark is an important technical level because it was a position which high support that has now turned to a significant resistance point. As such, beating this level is important for bitcoin bulls going forward. 

The recent run-up had actually seen bitcoin come dangerously close to reaching $25,000, but the resistance just below it was enough to beat back the bulls. This saw a retracement of about $200 from this point as the bulls continued to regroup.

Bitcoin is still looking incredibly strong on the 4-hour chart, suggesting that there would be another test of $25,000. The accumulation trend going on has been enough to provide good support and bounce-off point for the digital asset, so this retest will likely see bitcoin break $25,000. Although holding the position is another story.

Bitcoin is now trending at $24,500 at the time of this writing. Currently, its price is up 6.29% in the last 24 hours and has remained green for the last two daily closes. A green close for Thursday will signal a top-off point of $28,000.

Featured image from Unsplash, chart from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

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TA- Fantom Shows Strength – Eyes $0.70

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Ta- Fantom Shows Strength - Eyes $0.70

The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7. 

Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range.

The consumer price Index provides a gauge with regard to inflation in the economy while instigating BTC prices and other altcoins. (Data feeds from Binance)

Price Analysis Of FTM On The Weekly Chart

Weekly FTM Price Chart | Source: FTMUSDT On Tradingview.com

From the chart, the price of FTM saw a weekly low of around $0.2, which bounced from that area and rallied to a price of $0.4.

The price has built more momentum as it faces resistance at $0.4.

If the price of FTM on the weekly chart continues with this bullish structure, it could quickly revisit  $0.7.

Weekly resistance for the price of FTM – $0.4.

Weekly support for the price of FTM – $0.2.

Price Analysis Of FTM On The Daily (1D) Chart

1660237938 963 Ta Fantom Shows Strength Eyes 070
Daily FTM Price Chart | Source: FTMUSDT On Tradingview.com

The price of FTM found strong support at around $0.2, with what seems to be an area of interest on the daily chart.

FTM bounced from its support and rallied as it faces resistance to break above a ranging channel and has continued to move in range.

At the time of writing, the price of FTM is at $0.39, above the 50 exponential moving average with a price at $0.33 trying to break above a ranging channel to the upside.

FTM is facing a resistance of $0.4 to break the channel, If the price of FTM breaks above the $0.4 resistance with good volume the price of FTM could rally to a high of $0.7.

The RSI for the price of FTM on the daily chart is above 65, indicating healthy buy bids for FTM.

The volume for FTM indicates buy bids, this shows bulls would want to push the price higher.

Daily (1D) resistance for FTM price – $0.4.

Daily (1D) support for FTM price – $0.33, $0.3.

Price Analysis OF FTM On The Four-Hourly (4H) Chart

1660237938 248 Ta Fantom Shows Strength Eyes 070
Four-Hourly FTM Price Chart | Source: FTMUSDT On Tradingview.com

The price of FTM has continued to maintain its bullish structure despite facing resistance at $0.4 trying to break out of a ranging channel.

FTM is trading above the 50 and 200 EMA with prices of $0.372 and $0.33 acting as its support on the 4H chart, as the price faces resistance at $0.4.

If the price of FTM breaks above the channel with a good volume we could see prices trending to $0.7, In case FTM is unable to break and experience a sell-off, 50 and 200 EMA prices would act as support for FTM prices.

Four-Hourly (4H) resistance for FTM price – $0.4.

Four-Hourly (4h) support for FTM price – $0.372, $0.33.

Featured image from zipmex, Charts from TradingView.com 
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Ethereum Merge Scheduled For September 15/16, ETH’s Price Skyrockets

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Ethereum Price

Ethereum is moving higher over today’s trading session and seems to be targeting previous levels about the $2,000 mark. The cryptocurrency soars as “The Merge” becomes imminent and backs the bullish sentiment across the market.

At the time of writing, ETH’s price trades at $1,900 with a 3% profit in the last 24 hours and a 17% profit over the past week. Ethereum is the best performing asset in the crypto top 10 by market cap recording bigger gains than Solana (14%), Polkadot (16%), and Bitcoin (7%).

ETH’s price with important gains on the 4-hour chart. Source: ETHUSDT Tradingview

The bullish momentum for Ethereum seems poised to extend. In a recent ETH core developers calls, “The Merge” mainnet release was tentatively scheduled for September 15 to 16 at epoch 144896.

This announcement comes at the heels of a successful implementation of “The Merge” on another main Ethereum testnet, Goerli. Called the final “dress rehearsal” for this major upcoming event that will combine Ethereum’s execution layer with its consensus layer.

In other words, Ethereum will finally complete its transition from a Proof-of-Work consensus to a Proof-of-Stake. This process will provide the blockchain will better performance, much lower transaction fees, scalability, and less energy consumption.

The potential for “The Merge” to attract new users and capital into the Ethereum ecosystem is one of the reasons why it’s perceived as bullish by the market. Data from Material Indicators (MI) indicates that almost every investor class has been buying into ETH’s price current price action.

This buying pressure is trending upwards and appears to be picking up momentum, over the past 12 hours as news about the tentative date for the mainnet release broke.

Ethereum Eth Ethusd Mi 2
ETH’s price has been bought by almost every investor class on low timeframes. Source: Material Indicators

Further data from Material Indicators records important ask liquidity above ETH’s price current levels. There are over $40 million in selling orders stack from $1,920 to $2,000. These orders will operate as critical resistance.

What “The Merge” Could Spell For The Price Of Ethereum

If Ethereum is able to break above those levels, the orderbook record almost no resistance to the upside. Thus, ETH’s price could reclaim previously lost territory and extend its climb.

However, MI records low buying pressure for ETH’s price on higher timeframes from large investors. Over the past two months, retail investors appear to be jumping into Ethereum’s price action.

Additional data provided by Jarvis Labs coincides that retail investors having been accumulating ETH. Larger investors need to begin accumulating to provide ETH’s price with an extended trend.

Jarvis Labs believes that this sustainable bullish price action might only be triggered if Bitcoin picks up momentum and follows the bullish trend. The price of the number one cryptocurrency has also been supported mainly by retail, but the research “would like to see a Q4 2020 repeat”.

At that time, retail was buying BTC and ETH and in Q4, whales took over and prices were able to reach new highs.

Bitcoin Ethereum Eth Ethusdt
In Q4 2020 whales (red dots on the chart) took over retail (green dots) and push BTC’s price into new highs, will history repeat? Source: Jarvis Labs via Twitter

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Eternal Bots in Zelysium: Fascinating Metaverse with Intriguing Storyline

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Eternal Bots In Zelysium: Fascinating Metaverse With Intriguing Storyline

Dubai,UAE, (August 11,2022) – Zelysium is one of the first universes that mark to be the epicenter of the inevitable greatness of the Metaverse. Zelysium has a massive storyline with seven chapters. The storyline is made as original webcomics, animated motion pictures based on the comics, and an immersive tell-a-tale game in the metaverse.

Metaverse is an evolving sector as of today, various entertainment products and services have been expanding within the boundless domain. The above-mentioned constituents in the Zelysium provide users with an exhilarating experience.

EternalBots : The Inception, the story starts in a futuristic timeline in 20 GY ( Galactic years). Eternal bots are in the middle of the war, stuck in a reverse timeline, and reach the earth. Then they meet Human Beings……… and from there story continues The EternalBots NFTs are the Genesis collection of 8888 unique 3D rendered NFTs categorized into eight clans based on the power source with over 150 traits.

EternalBots’ artwork is entirely 3D modelled and generated, ready for integration into the Metaverse and highly compatible. The holders will travel with these Bots in the Metaspace and will receive assistance, special privileges and premium features on the platform.

The original webcomics with animated motion pictures in the Zelysium bring out the WOW element. In addition, the storyline will depict the origins of Zelysium and the environment. The EternalBots NFT holders become part of Zelysium’s governance and the metaverse will have open access to the community.

The NFT holders become a part of Zelysium and will enable all access to the platform. In addition, the holders can enter the web app to access top-tier private deals/own governance vote/raffle contests and access the mystery box, liquidity pools and other web 3 features. 

We double the NFT utility with $ZEL token emission, where $ZEL is the native token for Zelysium Metaverse. Moreover, Zelysium provides boundless opportunities for the community beyond one’s wildest dreams to push the utilities even further.

About Zelysium

Zelysium strives to revolutionize the traditional entertainment, e-commerce and socializing industries in a massive immersive environment. Our metaverse brings limitless experiences to the users and the community by bridging the physical and virtual worlds together in a decentralized manner. Along, the platforms provide endless opportunities and incentives for the creators/users for participating in various activities, and daily contests, earning rewards for their efforts while having fun building and experiencing the metaverse.

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Name: Andrew Athisayaraj E R

Contact Email: [email protected]

Country,City: Dubai, UAE

Disclaimer: This is a paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.

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Billionaire Mark Cuban Sued by Voyager Digital Investors

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Billionaire Mark Cuban Sued By Voyager Digital Investors