Has SEC Chairman Gensler altered his stance on cryptos, securities

ETHW vs. ETC: Which way would miners choose going forward?

Coinbase backs Tornado Cash users as they sue the Department of Treasury

Polygon [MATIC] traders can consider $0.86 as a buying opportunity and $0.92 as…

DeFi TVL drops by 10% in August; Ethereum leads with most losses

DeFi TVL drops by 10% in August; Ethereum leads with most losses

Bitcoin [BTC] sweeps July lows; is a recovery around the corner

Bitcoin investors brace for a short-term bullish bounce for these reasons

Bitcoin: What experts think of BTC’s price trajectory in 2022

Bitcoin loses key dominance support in 4 years, but here’s the catch

ETHW vs. ETC: Which way would miners choose going forward?

DeFi TVL drops by 10% in August; Ethereum leads with most losses

Ethereum [ETH] approaches $1,700, but how likely is it to break out

Ethereum: Why the Merge may not be a pretty sight for ETH miners

Why Ethereum Classic [ETC] may be the highest gainer till the Merge

Ethereum Classic and Binance Coin remained consolidated. While, ETC faced rejection at $65.48 and dipped 2.3% over the last 24 hours, BNB also struggled to move prices above the $485 mark. Lastly, Tezos recorded a substantial surge of 12.7% since yesterday and achieved a multi-month high. 

Ethereum Classic dipped by 2.3% over the last 24 hours and was trading at $63.88. If it continues to face rejection at the $65.48, the coin could drop to the $58.09 price floor.  

Buying pressure struggled to revive itself, as the Relative Strength Index just managed to move upwards from the 50-mark. The green bars on MACD‘s histogram on signaled that the bulls were losing ground.

The same reading was demonstrated on the Awesome Oscillator as a series of red signal bars were halted by one session in green.   If the consolidation breaks and ETC travels upward and topples over $65.48, it might meet with resistance at $71.96 and then at $76.12. 

BNB only gained 0.1% over the last 24 hours, and continued to exhibit a restricted price action. The expected range for BNB’s price movement remained at $485.61 and $460.42. A continued range-bound movement longer than a few more trading sessions could push prices to find support on $460.42.

At press time, the coin was trading at $485.61.  Bollinger Bands, in agreement with the above statement also flashed tightening of the bands. 

Buying pressure declined as the Relative Strength Index threatened to fall below the half-line. Awesome Oscillator also noted red signal bars confirming that prices could turn bearish over the upcoming sessions. 

On the flipside, resistance lay at the $517.02 level. 

XTZ rallied 12.7% over the last 24 hours and was priced at $6.12. The last time that price of Tezos was at this level, was on 16 May. Ergo, this marked a multi-month high for the alt. 

Toppling over the current price, XTZ could retest its next resistance of $6.37, which XTZ broke over, last on 14 May. Moreover, XTZ’s p arameters remained bullish on the 4-hour chart.

The asset was spotted inside the overbought zone as seen on the Relative Strength Index. MACD displayed enlarged green bars on its histogram while Awesome Oscillator depicted amplified green signal bars. 

Chances of a price correction remain in the picture, in the case of which, the support zone for XTZ stood at $5.08 and then at $4.31.

Hoskinson’s ‘green and go’ update on Cardano, Alonzo hardfork

Why Ethereum is the ‘the smarter way to play’

Anushmita is a full-time journalist at AMBCrypto with a background in Mass Communication. She is inclined towards writing about the socio-political aspects of the crypto market and also has an interest in analyzing market trends.

ETHW vs. ETC: Which way would miners choose going forward?

Why Ethereum Classic [ETC] may be the highest gainer till the Merge

BNB: This new update can be a game changer for profit-seekers

Ethereum Classic’s hashrate has left investors in awe of their portfolio

Decoding Ethereum Classic’s unprecedented gains and what lies ahead

Binance Coin could move toward $300 and $316, or below…

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.