Crypto Derivatives:Complete Guide on Crypto Futures & Options Trading - cyptoranking.com

2024-04-29

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At the time, Fabian shared that he was looking forward to collaborating with the Polkadot community, which has already become evident in the firm’s latest announcement. The same media outlet quoted Alipay data as showing that “since the start of the Asian Games, the average number of daily payments made by inbound tourists on Alipay increased by 69%.” Crypto Derivatives:Complete Guide on Crypto Futures & Options TradingOptimistic rollups are “optimistic” in nature, as they assume transactions are accurate until proven otherwise. Fault proofs form an important security measure to ensure that false activities aren’t accepted on the network. FXS / Tether IS 1D (Source: TradingView)

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Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the U.S. Dollar Index (DXY) rose to a new year-to-date high. This is a mildly positive sign, as it shows a lack of aggressive selling at lower levels.Bitcoin remains stuck inside a range, and the directionless price action has kept the traders on the sidelines. Bitcoin’s daily spot exchange transactions topped 600,000 in March but dwindled down to 8,00015,000 last week, according to new research from on-chain analytics platform CryptoQuant. Low liquidity could lead to volatile moves in either direction, hence traders should be careful and wait for confirmations rather than taking positions on every intraday breakout.Daily cryptocurrency market performance. Source: Coin360The near-term price action remains uncertain, but that has not deterred the long-term bulls from adding Bitcoin to their portfolio. MicroStrategy co-founder and executive chairman Michael Saylor announced on X (formerly Twitter) that the firm had acquired 5,445 BTC at an average price of $27,053 per Bitcoin.Could Bitcoin and select altcoins start a short-term up-move? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin is witnessing a tough battle between the bulls and the bears near the 20-day exponential moving average (EMA) ($26,436). The bulls pushed the price above the 20-day EMA on Sept. 27 but could not clear the 50-day simple moving average (SMA) ($26,757).BTC/USDT daily chart. Source: TradingViewThis indicates that the bears have not given up and are selling the rallies to the 50-day SMA. The bears will have to pull the price below $25,990 to clear the path for a potential fall to $24,800. This level is likely to attract solid buying by the bulls.On the upside, the first sign of strength will be a break and close above the 50-day SMA. The BTC/USDT pair may then rise to $27,500 and subsequently to the overhead resistance at $28,143. The bears are expected to defend this level with all their might.Ether price analysisEther (ETH) is trying to start a recovery. The price rose above the 20-day EMA ($1,614) on Sept. 27, but the bulls could not hold on to the intraday rally. This shows that the higher levels continue to attract sellers.ETH/USDT daily chart. Source: TradingViewThe bullish divergence on the relative strength index (RSI) favors the buyers. If they retain the price above the 20-day EMA, the ETH/USDT pair could first rise to the 50-day SMA ($1,668) and thereafter attempt a rally to the overhead resistance at $1,746.Contrary to this assumption, if the price remains below the 20-day EMA, it will suggest that the bears are in command. The sellers will then try to yank the price below the important support at $1,531. If that happens, the pair may crash to $1,368.BNB price analysisBNB (BNB) remains below the breakdown level of $220, but a positive sign is that the bulls have not allowed the price to slip below $203.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA ($213) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. This equilibrium will tilt in favor of the bulls if they kick the price above $220. The BNB/USDT pair could then ascend to $235.On the contrary, if the price continues lower and breaks below $203, it will signal that the bears have asserted their supremacy. The pair may then start the next leg of the downtrend to the strong support at $183.XRP price analysisBuyers tried to thrust XRP (XRP) above the 20-day EMA ($0.50) on Sept. 25, but the bears held their ground.XRP/USDT daily chart. Source: TradingViewThe price action of the past few days has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears. Sellers will try to gain the upper hand by dragging the price below the uptrend line. If they are successful, the XRP/USDT pair may descend to $0.46 and then to $0.41.Contrarily, if the price rises and breaks above the resistance line, it will indicate that bulls are trying to seize control. The pair may then climb to the overhead resistance at $0.56.Cardano price analysisCardano’s ADA (ADA) bounced off the vital support at $0.24 on Sept. 25, but the bulls are struggling to push the price above the 20-day EMA. This may result in more selling.ADA/USDT daily chart. Source: TradingViewThe $0.24 level will likely witness a tough battle between the bulls and the bears. If the $0.24 support gives way, the ADA/USDT pair will complete a bearish descending triangle pattern. The pair may then start a downward move to $0.22 and subsequently to the pattern target of $0.19.Contrary to this assumption, if the price rises and breaks above the downtrend line, it will invalidate the bearish setup. The pair may then start an up-move to $0.29.Dogecoin price analysisThe bears pulled Dogecoin (DOGE) below the $0.06 support on Sept. 26, but the long tail on the candlestick shows buying at lower levels.DOGE/USDT daily chart. Source: TradingViewHowever, the gradually downsloping 20-day EMA ($0.06) and the RSI in the negative territory indicate that bears remain in command. Sellers will make another attempt to sink and sustain the price below $0.06. If they can pull it off, the DOGE/USDT pair may plummet to the next significant support at $0.055.Alternatively, if the price turns up from the current level and rises above the 20-day EMA, it will signal that the bulls are on a comeback. The pair could first rally to $0.07 and thereafter dash toward $0.08.Solana price analysisThe failure of the bulls to propel Solana’s SOL (SOL) above the 20-day EMA ($19.42) in the past few days shows that the bears are aggressively protecting the level.SOL/USDT daily chart. Source: TradingViewThe price has turned down from the 20-day EMA, and the bears will try to build upon their advantage by pulling the SOL/USDT pair below the nearest support at $18.50. If this level cracks, the selling could pick up, and the next stop is likely to be $17.33.On the contrary, if the price bounces off $18.50, it will suggest buying on dips. The bulls will then again try to shove the price above the moving averages. If they do that, the pair may jump to $22.30.Related: Bitcoin price to $30K in October, says analyst as BTC price climbs 2%Toncoin price analysisToncoin (TON) has dropped to the 20-day EMA ($2.11), which is an important level to keep an eye on. In an uptrend, buyers generally buy the dips to the 20-day EMA. TON/USDT daily chart. Source: TradingViewHere too, the bulls purchased the fall to the 20-day EMA on Sept. 27, but the long wick on the candlestick shows that the bears are selling at higher levels. If buyers maintain the price above the 20-day EMA, the TON/USDT pair will attempt a rally to the 61.8% Fibonacci retracement level of $2.40.Meanwhile, sellers are likely to have other plans. They will try to yank the price below $2.07 and extend the correction to the next major support at the 50-day SMA ($1.76).Polkadot price analysisPolkadot’s DOT (DOT) has remained stuck below the 20-day EMA ($4.10) for the past several days, suggesting that the bears are fiercely defending the level.DOT/USDT daily chart. Source: TradingViewThe RSI is showing signs of forming a bullish divergence, but the buyers will have to clear the overhead hurdle at $4.22 to reduce the selling pressure. If that does not happen, the risk of a further fall remains.If the DOT/USDT pair continues lower and skids below the immediate support at $3.91, it will indicate the start of the next leg of the downtrend. The next support on the downside is at $3.58.Polygon price analysisPolygon’s MATIC (MATIC) bounced off the critical support at $0.51 on Sept. 25, but the bulls could not push the price above the 20-day EMA ($0.53). MATIC/USDT daily chart. Source: TradingViewThis suggests that the sentiment remains negative, and traders are selling on rallies. The bears will try to sink the price below the Sept. 11 intraday low of $0.49. A collapse of this support will indicate the resumption of the downtrend.A minor ray of hope for the bulls is that the RSI is forming a bullish divergence. Buyers will have to drive and sustain the price above the 20-day EMA to signal the start of a sustained recovery. The MATIC/USDT pair could then rally to the 50-day SMA ($0.56).This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The total crypto market capitalization has slipped nearly 1% to $1.07 trillion as the market enters its second day of selling. Shiba Inu, like the majority of crypto assets, is sustaining losses as profit-taking ensues. How to buy crypto (BTC, XRP etc) in Hawaii? Is ...How It Works As we have seen, blockchain web hosting, a critical part of the emerging web3 landscape, touts significant data privacy, security, and control advantages while eliminating the need for a central server. However, it also introduces many challenges that question its practicality and usability.

Police think the group stole over $230,000 worth of unnamed cryptoassets by breaking into premises operated by a business in Praia Brava, Itajaí, armed with guns. Transaction throughput: Blockchain web hosting services may also face issues with handling many transactions simultaneously. The main issue is that in order to add new data to the ledger, all network nodes must first reach consensus, which can slow down the network’s processing speed. This constraint can also lead to delays and problems in real-time data updates and user interactions for websites and dApps hosted on the blockchain. How Many Crypto Exchanges Have Failed? [2023]The high incidence of institutional investments indicates that a more diverse group of professional investors is actively engaging in the market, bolstering its overall expansion. MATIC was at risk of falling below the $0.5500 mark in the coming 24-48 hours. Should the cryptocurrency’s price break below this price point, it could continue to fall until its valuation reaches $0.4970. Conversely, if MATIC’s price is able to remain above the $0.5500 support for the next 3 days, then it may rebound and enter into a strong upward move.

It is important to note that the collapse of UST and LUNA happened during the earliest nights of the long crypto winter of 2022, with the meltdown exacerbating the market turmoil. Lightning activity has become much more global and distributed around the clock compared to last year, it stated. Is it good to invest in virtual currency?3 reasons why Ethereum price can’t break $2K Kazemian said once Federal Reserve interest rates started rising, he realized most stablecoins on the market were only built for low-rate environments — and Frax (FRAX) needed to track interest rates to stay relevant.

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