Latest Market News
Since May 16, Stellar has turned downward after recording price at the $0.16, testing the upper wedge before closing on a reversal candle (inverted pin bar) which has led to the current bearish scenario in the market. The XLM price is now steady around the $0.122 level.
Innovation exists on the edge of abiding by the rules and pushing the boundaries to change them. The very definition of disruption is to disturb or create problems that interrupt an event, activity, or process. Slow-moving bureaucratic institutions at times collide with fast evolution, tightening their grasp on old paradigms, and consequently, stunting growth until eventually the change that is inspired cannot be tamed and the only way forward is to adapt.
As the token sale market continues to progress, a significant number of blockchain projects are opting to conduct Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs) and Security Token Offerings (STOs). As a result, there are a number of alternatives for investors still interested in finding the most interesting projects at an early stage, and here are some of our top picks for June.
Ethereum had rolled over at resistance around the $178 level toward the end of May 2019. The cryptocurrency then went on to fall further lower to reach support at the short term downside 1.272 Fibonacci Extension level (drawn in purple) priced at $226. This price level had also provided strong resistance for the market during November 2018 and has not flipped into strong support moving forward.
The XRP market has now tested the lower channel following the recent bearish scenario in the entire crypto space. As a result of this, XRP is now trading at around $0.387. Furthermore, the selling pressure may meet support at the $0.36 level, where the 50-day moving average rests. If the market rebounds, the buyers may find close resistance at $0.42.
As we move through the month of June and continue on with the halfway point of the year, this week’s choices are set to benefit from increased trading activity and speculation as the result of significant developments and network upgrades that should strengthen their market positions and also result in increased amounts of attention to their respective currencies over the coming weeks.
After climbing from $0.1 in February, BAT followed a bearish scenario after touching the $0.5 level on April 21. Yesterday, the market neared the $0.3 support level, but the action has been more positive today. This is a small bullish sign which may become more impressive if the rest of the cryptocurrency market also plays along and produces more bullish momentum.
Ethereum has seen a slight rebound from the recent -12.6% price fall that was witnessed over the past 7 days of trading. The ETH market had managed to find some strong support around the $240 area, which is close to where Ethereum is trading right now.
Litecoin has continued its price decline over the past 24 hours of trading, dropping by a further 2.45% to bring the price down to around $102. The cryptocurrency has fallen from a high of around $120, losing a total of 11% over the past 7 days of trading.
ATOM followed a bullish reversal pattern after establishing an all-time low at $3. The cryptocurrency has been trading in an ascending channel, which touched $7.2 on Monday. The ATOM price has since dropped and the coin is currently trading around the $6 level. The market has gained approximately 32% in the past seven days of trading
