DAILY CRYPTOCURRENCY NEWS

Avalanche Foundation and OP3N Launch $100 Million Web3 Culture Fund

The Culture Fund was launched with a $100 million initiative designed to influence the direction of art and entertainment within Web3, in partnership with OP3N and the Avalanche Foundation.Musical artist Grimes will put forward one of the first projects under the new initiative, a “metaverse” children’s book.

Drops DAO Teams Up with Chainlink

The NFT lending protocol Drops DAO announced that it will work with the oracle network power center Chainlink to provide NFT base pricing and the lowest list price.

LG Electronics to Venture in Blockchain and Cryptocurrency

While the adoption of cryptocurrencies is increasing rapidly worldwide, South Korean technology giant LG Electronics has updated its corporate charter to include cryptocurrencies and blockchain-based software, while adding business development goals to its corporate charter.

Treasury Secretary Janet Yellen: Cryptocurrency Innovation Can Be Healthy

US Treasury Secretary Janet Yellen, who participated in CNBC's Squawk Box program, stated that cryptocurrencies have become a rapidly growing sector, and although she has questions in her mind about this issue, they also have benefits.

Ukraine Launches NFT War Museum

All profits from the NFT War Museum on Ethereum and Polygon will go to the Ministry of Digital Transformation of Ukraine. The collection, prepared with the support of the ministry, focuses on the recent events in the Russia-Ukraine war.

Rio de Janeiro Will Accept Cryptocurrency Payments

Rio de Janeiro, Brazil's second-largest city, said it plans to become the first Brazilian city to accept cryptocurrency payments within its borders before taxation. Although the exact date has not yet been revealed, it has been announced that the cryptocurrencies in which the payment was made will be converted into Brazilian real immediately.

Axie Infinity Launches Fee Reform on Its Ronin Sidechain

Axie Infinity has announced new limits to see regular growth in the Ronin network, which will take effect on March 29th, according to official Twitter account. In order to make free transactions on this network, you need to keep Axies and in-game lands.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 353336.58 TRY

Bitcoin gained a 0,16% value during morning hours and is priced around $46.985. When we consider BTC/USDT pair technically, the ascending triangle formation, which we have been talking about for a long time, broke upwards as of the weekly close. At the same time, we can mention that the sales pressure has ended in BTC, which broke the resistance level of 44,000-46,000 dollars upwards, which is the major resistance level. For BTC, where we have also received the approval of the ascending triangle formation, we expect the rises to continue in the coming days. We expect the 44,000-46,000 dollar band, which breaks upwards weekly, to work as a support.

RESISTANCES 48.152 / 49.302 / 51.166
SUPPORTS 45.138 / 43.274 / 42.124

BITCOIN [BTC] 353336.58 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24553.70 TRY

Ethereum gained a 0,19% value during morning hours and is priced around $3305. When we consider ETH/USDT pair technically, the symmetrical triangle existing as of 12 January in the daily chart broke upwards yesterday and it is seen that it gained momentum, climbing up. We expect that the rises for ETH will continue in the coming period.

RESISTANCES 3373 / 3441 / 3565
SUPPORTS 2989 / 3057 / 3181

ETHEREUM [ETH] 24553.70 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.71 TRY

AVAX gained a 1,20% value during morning hours and is priced around $91.47. The Culture Fund was launched with a $100 million initiative designed to influence the direction of art and entertainment within Web3, in partnership with OP3N and the Avalanche Foundation.Musical artist Grimes will put forward one of the first projects under the new initiative, a “metaverse” children’s book.

When we consider AVAX/USDT pair technically, the horizontal trend has ended. AVAX had broken the stagnated zone upwards, but a momentum did not follow. In AVAX, where we have seen horizontal price movements for a while, we expect that the short-term downward trend is also broken upwards and that there will be an increase towards the level of 96 dollars with the momentum to come.

RESISTANCES 94,17 / 96,89 / 101,77
SUPPORTS 78,97 / 81,69 / 86,57

AVALANCHE [AVAX] 319.71 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.31 TRY

Ripple gained a 0,94% value during morning hours and is priced around $0.8672. When we consider XRP/USDT pair technically, there is no major change in the outlook. In XRP, which broke its downward trend with positive news flows, the sideways trend has been in progress for the last few days. In XRP, which was priced just above $0.8579 yesterday, this level broke upwards yesterday. We expect momentum to be gained towards $0.92, the previous local peak, holding onto the level.

RESISTANCES 0,8829 / 0,8990 / 0,9264
SUPPORTS 0,7959 / 0,8120 / 0,8394

RIPPLE [XRP] 8.31 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 973.49 TRY

LTC gained a 0,20% value during morning hours and is priced around $129.9. When we consider LTC/USDT pair technically, there is still a minor uptrend formation in LTC, which broke its long-standing downtrend last week and made the weekly closing above this level, as of March 14. This trend, which has been tested many times, has become a strong support and we expect the rise to continue at $145 unless it is lost downwards.

RESISTANCES 132,96 / 135,69 / 140,65
SUPPORTS 117,58 / 120,31 / 125,27

LITECOIN [LTC] 973.49 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 0,70% value during morning hours and is priced around $16.78. The NFT lending protocol Drops DAO announced that it will work with the oracle network power center Chainlink to provide NFT base pricing and the lowest list price.

When we consider LINK/USDT pair technically, there is no major change and the positive outlook sustains. LINK has price action inside the horizontal channel as of May 26. It resolved from the stagnated price movement dominates over LINK on February and broke the target marked in red upwards. For LINK, which tested and supported this level on March 26th, we expect the rise to continue at $19.

RESISTANCES 17,25 / 17,72 / 18,52
SUPPORTS 14,71 / 15,18 / 15,98

BASIC ATTENTION TOKEN [BAT] 5.49 TRY

BAT gained a 1,20% value during morning hours and is priced around $0.9139. When we consider BAT/USDT pair technically, we see that the target level stated in the bulletin last week has been reached. Last week, the market-wide increase for BAT, dominated by the horizontal price movement, accelerated again and our first price target rose to $0.9246, which corresponds to the 200MA level. If BAT, which has a short-term reaction at this level, can break its 200MA level upwards in the daily chart, there may be rises towards the level of $1.10. 

RESISTANCES 0,9432 / 0,9710 / 1,0171
SUPPORTS 0,7954 / 0,8232 / 0,8693

BASIC ATTENTION TOKEN [BAT] 5.49 TRY +7.00 +0.03 VOL 21 BAT

We always love and support sports!

We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.