DeFI News by Thebittimes.Com

Cardano price appears to have triggered massive sell positions after it failed to rise above resistance at $0.4400. The smart contract platform bowed to increasing overhead pressure as investors locked in profits. ADA must reclaim immediate support at $0.4000; otherwise, its leg may stretch to $0.3730 before bulls get another chance to push prices higher again. Cardano Price Trading Volume Explodes Ahead of The Fed's Interest Rate decision The US Fed (Federal Reserve) will announce the much-awaited interest rate decision on Wednesday. Market participants are waiting with bated breaths to see whether the regulator will continue the interest rate hike streak that has lasted for months this year amid calls to control inflation. A 0.75% increase in interest rates would mean tougher times ahead, with investors likely staying clear of riskier assets like cryptos. However, the crypto market has become resilient over the past few months. Hence, massive price drops rema...

Join Our Telegram channel to stay up to date on breaking news coverage The bears’ momentum is decreasing in HOT market HOTUSD Price Analysis – October 19 When there is an increase in the bears’ momentum, Holo may decrease to $0.0018 and $0.0016 support levels. In case the support level of $0.0020 holds, price may bounce up and change direction towards the resistance level at $0.0021, $0.0023 and $0.0025. Key levels: Resistance levels: $0.0021, $0.0023, $0.0025 Support levels: $0.0020, $0.0018, $0.0016 HOTUSD Long-term Trend: Ranging HOTUSD is ranging on the daily chart. The bearish momentum was increasing in the Holo market. Price reduced to the support level of $0.0019 on September 06. The sellers’ pressure could not break down the mentioned level. Likewise, buyers’ momentum is low and could not penetrate the resistance level of $0.0021. This led to ranging movement within $0.0021 and $0.0019 levels. Ranging movement may continue until there...

Join Our Telegram channel to stay up to date on breaking news coverage Can NEO Decline Below $7.3 Support Level? NEOUSD Price Analysis – October 18 When the bulls increase their momentum, resistance level of $7.9 may be penetrated, which may increase to $8.8 and $9.3 resistance level. Failure to break up $7.9 resistance level by the bulls,  NEO may result to bearish movement towards $7.3, $6.2 and $5.0 levels. Key Levels: Resistance levels: $7.9, $8.8, $9.3 Support levels: $7.3, $6.2, $5.0 NEO/USD Long-term Trend: Bearish NEO/USD is on the bearish movement on the long-term outlook. The bearish movement commenced on 13 August at the high of $11.2. The resistance level of $11.2 withstand the bullish pressure. The bears acquire more momentum and the coin is pushed below the $9. 3 price level where it extends to $7.9 support level. Bulls made attempt to pull back the price but bears prevailed. The price penetrated the support level of $7.9 and $7.3 level was tes...

Join Our Telegram channel to stay up to date on breaking news coverage Sellers are dominating Ripple market When sellers gain more momentum, the support level of $0.45 may be broken downside and the support level of $0.43 may be tested, which may extend to $0.39 level. In case the Bulls interrupt the bears at $0.45 level, the resistance level of $0.47 may be penetrated, Ripple may increase to $0.50 and $0.52 levels. XRPUSD Price Analysis – October 16 Key Levels: Supply levels: $0.47, $0.50, $0.52 Demand levels: $0.45, $0.43, $0.39 XRP/USD Price Medium-term Trend: Bearish XRP/USD is bearish on the medium-term outlook. The crypto was on the strong bullish movement last week. The bullish trend broke up the resistance levels such as $0.43, and the price is placed at the resistance level of $0.56; this is the second time price will be testing the mentioned level. It means that double top chart pattern formed at the level. It is a bearish pattern, the coin obey the comman...

Bears may dominate Fantom Market The breakdown of $0.21 support level will decrease the Fantom to $0.20 and $0.19 levels. A breakup of the resistance level of $0.22 will increase the price to $0.25 and $0.26 levels. Fantom Price Analysis – October 09 FTMUSD Market Key levels: Resistance levels: $0.22, $0.25, $0.26 Support levels: $0.21, $0.20, $0.19 FTMUSD Long-term Trend: Bearish Fantom is on the bearish movement in daily chart. The sellers still holds tight to the Fantom market. Price remains below the two EMAs as a signal of bearish market . Though there was no significant movement in the market as there is low momentum in the buyers and sellers’ activity.  The coin is struggling to break down the support level of $0.21 at the moment. Fantom price is trading below the 9 periods EMA and 21 periods EMA at close distance indicating low momentum. The relative strength index period 14 is at 39 levels with the signal line displaying no specific direction. The bre...