A new coin, initiated by infamous X user Zack Morris, surged over 200% in the last 24 hours.
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Ethereum Price Steadies: Strong Support Hints at Exciting Upside Potential
Ethereum price extended its decline and tested the $3,700 support. ETH is now consolidating and eyeing a fresh increase above $3,840. Ethereum extended its decline and tested the $3,700 zone. The price is trading near $3,800 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $3,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,700 support. Ethereum Price Holds Support Ethereum price struggled to start a fresh increase and declined below the $3,750 support zone, like Bitcoin. ETH even traded below the $3,720 support zone. However, the bulls were active near the $3,700 support zone. A low was formed at $3,702 and the price recently started a recovery wave. There was a move above the $3,750 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $3,957 swing high to the $3,702 low. Ethereum price is now trading near $3,800 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $3,760 on the hourly chart of ETH/USD. If there is a fresh increase, ETH might face resistance near the $3,830 level. The first major resistance is near the $3,880 level or the 76.4% Fib retracement level of the downward move from the $3,957 swing high to the $3,702 low. An upside break above the $3,880 resistance might send the price higher. The next key resistance sits at $3,950, above which the price might gain traction and rise toward the $4,000 level. If the bulls push Ether above the $4,000 level, the price might rise and test the $4,080 resistance. Any more gains could send Ether toward the $4,220 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $3,830 resistance, it could start another decline. Initial support on the downside is near the $3,750 level and the trend line. The next major support is near the $3,720 zone. A clear move below the $3,720 support might push the price toward $3,660. Any more losses might send the price toward the $3,550 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,720 Major Resistance Level – $3,880
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Notcoin Surpasses Major Meme Tokens in Onchain Holders and Price Surge
The recently introduced Telegram-linked cryptocurrency, Notcoin (NOT), has been making waves in the crypto market due to its notable price surge. On May 30, 2024, a significant milestone was announced via X (formerly known as Twitter), stating that Notcoin’s onchain holder count has surpassed that of other popular meme tokens like Shiba Inu, Bonk, and Pepe. The announcement detailed that Notcoin now boasts 1.6 million onchain holders, surpassing Shiba Inu’s 1.4 million, Bonk’s 731,000, and Pepe’s 235,000. This substantial increase is a testament to the growing investor interest and confidence in Notcoin. The rise in Notcoin’s onchain holders coincides with
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Bitcoin Price Slips Lower: Slow Descent or Opportunity Ahead?
Bitcoin price extended losses and declined below the $67,200 level. BTC found support near $66,650 and now consolidating in a range. Bitcoin spiked below $67,000 but the bulls are still in action. The price is trading above $68,000 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance at $68,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $68,400 level. Bitcoin Price Stuck Below $70K Bitcoin price extended its decline below the $67,500 level. BTC tested the $66,650 zone and recently started a recovery wave. The price traded as low as $66,652 before it climbed back above $67,500. The bulls were able to push the price back above $68,000. It even spiked above the 50% Fib retracement level of the downward move from the $69,550 swing high to the $66,652 low. Bitcoin price is now trading above $68,000 and the 100 hourly Simple moving average. On the upside, the price is facing resistance near the $68,200 level. There is also a key rising channel forming with resistance at $68,200 on the hourly chart of the BTC/USD pair. The first major resistance could be $68,400 or the 61.8% Fib retracement level of the downward move from the $69,550 swing high to the $66,652 low. The next key resistance could be $68,800. A clear move above the $68,800 resistance might send the price higher. In the stated case, the price could rise and test the $69,500 resistance. Any more gains might send BTC toward the $70,600 resistance. More Losses In BTC? If Bitcoin fails to climb above the $68,400 resistance zone, it could start another decline. Immediate support on the downside is near the $67,500 level. The first major support is $67,200. The next support is now forming near $67,000. Any more losses might send the price toward the $66,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $67,500, followed by $67,000. Major Resistance Levels – $68,400, and $68,800.
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Musk’s Cyborg (MUSKCYB) to Skyrocket 14,000% as KuCoin Listing Announced, While Shiba Inu and Dogecoin Struggle
Musk’s Cyborg could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Musk’s Cyborg (MUSKCYB), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days. This is because MUSKCYB has announced its first centralized exchange listing, which will be on KuCoin. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Musk’s Cyborg can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make
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