As 2022 is coming to an end, Poloniex reviews the greatest achievements for this year, especially the launch of good products and services.Continue reading on Medium »

Bitcoin price is struggling to clear the $17,000 resistance. BTC remains at a risk of more downsides below the $16,000 support zone before the year end. Bitcoin is showing bearish signs below the $17,000 and $17,200 resistance levels. The price is trading below $16,700 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $16,610 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could resume its decline if it stays below the $17,000 resistance zone. Bitcoin Price Faces Resistance Bitcoin price gained pace below the $16,800 support zone. BTC even extended its decline below the $16,700 level and the 100 hourly simple moving average. The price traded as low as $16,453 and is currently correcting losses. There was a move above the $16,500 and $16,550 levels. The price climbed above the 23.6% Fib retracement level of the recent decline from the $16,960 swing high to $16,453 low. There was also a break above a connecting bearish trend line with resistance near $16,610 on the hourly chart of the BTC/USD pair. However, bitcoin price is now trading below $16,700 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,650 level. The first major resistance is near the $16,700 zone and the 100 hourly SMA. It coincides with the 50% Fib retracement level of the recent decline from the $16,960 swing high to $16,453 low. Source: BTCUSD on TradingView.com The key breakout zone is still near the $17,000 level. A clear move above the $17,000 resistance might start a steady increase in the near term. The next major resistance is near $17,500, above which the price rise towards the $18,000 resistance zone. Fresh Decline in BTC? If bitcoin fails to start a recovery wave above the $16,700 resistance, it could start another decline. An immediate support on the downside is near the $16,450 level or the recent low. The next major support is near the $16,250 level. A clear move below the $16,250 support might spark a move towards the $16,000 level. Any more losses might send the price towards $15,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $16,450, followed by $16,250. Major Resistance Levels – $16,700, $17,000 and $17,200.

Chainlink (LINK) has recently announced its new tie-up with Blueberry, which is set to automate and enhance the build and LP strategies of the network. With this collaboration, Blueberry is developed to provide incentives and network fees. LINK price down 0.85% Partnership with Blueberry bolsters buyer confidence Crypto experts expect LINK to go bullish before the year ends According to data by Coingecko, LINK price has plunged by 7.5% in the last seven days, and trading at $5.55 as of this writing. Technical indicators demonstrate that the coin has lost its grip at the $6 level, which could hint at a bearish signal. If the bulls fail to shoot over $6, it could be a bigger challenge for Chainlink. Related Reading: Dogecoin Breaking Past This Key Barrier Could Spell 10% Spike For DOGE LINK Bulls Push To Get Price Past $6 On the brighter side, the LINK bulls are always quick to make a comeback whenever the price crashes. When prices dip below critical level, buyers immediately move to save the day. In this scenario, a breach of the $6 level would be a big achievement, especially in ushering the new year. But, LINK is expected to shoot up higher. Michaël Van De Poppe, a crypto expert, expects LINK to move into the bullish territory by 2023. In detail, he expects the crypto to hit $17 if the bulls reach a resistance level of $7.80. On the other hand, the crypto analyst says that Chainlink can drop and warm up below $5 before it pumps up in price. Chart: TradingView As of press time, LINK has been consolidating between $6 and $8. Considering this, any breach below this range could pull LINK further down. Predictably, bulls will take over once the digital asset breaches this low range. Related Reading: Why ALGO Has Been Stagnant In Last 10 Days And Still At The Mercy Of Bears LINK total market cap at $2.8 billion on the daily chart | Chart: TradingView.com Chainlink Positive Sentiment, Increased Buyer Interest Up There is intensified selling pressure with LINK as its RSI points too close to the oversold zone, indicating a bullish spike. The bear pressure mounts each time the crypto drops, as it is expected to slide further below the consolidation range. Whale interest has increased for Chainlink. In fact, LINK is said to be one of the top 10 most purchased crypto in the past 24 hours. This is surprising because LINK did not accumulate any major gains over the past week, but investor and buyer confidence did. Understandably, the whales were excited with LINK because the technical indicators suggested a price rally in the coming days or before the year ends. Despite the decline in Chainlink developmental activity, the positive sentiment for the coin has mounted significantly. – Featured Image: Mapping It Out

SuperEx merayakan ulang tahun pertamanya dan masa depan cerah! Pada ulang tahun ini, SuperEx akan mengadakan kampanye “Unlimited Benefit…Continue reading on Medium »