DAILY CRYPTOCURRENCY NEWS

Celsius Settles Debts to MakerDAO

Positive news continues to come from Celsius, one of the most important fund and crypto borrowing institutions that have come to the agenda with liquidation problems in the last 1 month. BlockFi has completely paid off its debt to Celsius MakerDAO, which has similar problems with companies such as 3AC, Voyager and is said to be about to go bankrupt.

Critical Voting Completed in MakerDAO

The vote of MakerDAO, which we wrote 2 days ago, to add a bank to its ecosystem has concluded today. Huntingdon Valley Bank (HVB) has now joined the Maker network. Once the community approves the proposal, HVB will be able to start trading with an initial debt ceiling of 100 million.

Ethereums Continue to Be Transferred to Exchanges

The transfer of Ethereum to crypto money exchanges has reached the highest level of the last 11 months. According to the statement, 220,000 Ethereum was transferred to crypto money exchanges in the last 5 days. This development will increase the selling pressure on Ethereum.

Aave's Stablecoin Move

One of the largest DeFi protocols, Aave is launching a stablecoin. The coin, called GHO, will be collateralized with high-yield assets. This move, which is still being discussed at the moment, will first pass through a vote on the administration. Aave founder Stani Kulechov said that while the GHO will be collateralized with assets in the Ethereum marketplace, its main goal is to evaluate real-life payment opportunities and complete its organic adoption with Layer 2.

The Great Accusation of Celsius

Celsius was taken to court on charges of market manipulation by his former partner, Jason Stone, CEO of the company KeyFi. Stone also said he was unable to secure millions of dollars in debt from Celsius and that they had not fulfilled their contractual obligations. Celsius has 20 days to answer the charges.

Shiba Launches Stablecoin

Shiba INU has announced the start of work on a stablecoin and a reward token called TREAT. Shytoshi Kusama, Lead Developer at Shiba, said that after the Terra crisis, people's fears about stablecoins increased after the Terra crisis, but he believes SHI will not be affected by market fluctuations.

Reddit Enters the NFT World
Reddit has announced that NTF avatars have started to be sold. Reddit, which works with Polygon for this project, will also make sales on Polygon. Following the cooperation with Reddit, one of the world's largest social media platforms, Polygon's coin MATIC rose by about 15% yesterday.
 

 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 349792.52 TRY

Bitcoin, which received support after falling to 19,000 levels, then came back to $ 20,000 levels and repeated the same movement several times. In this period, where many of the chain data indicate that these levels may be at a bottom or very close to the bottom, Bitcoin's rise from the 19,000 support to the $ 22,000 levels has created a very positive atmosphere. While the problems experienced globally, especially in Europe, are growing, it has shown that it may still be too early to talk about the bull season, but Bitcoin's ability to rise in this way has relieved crypto money investors a little after months.
 

Bitcoin is pricing in at $21,986 today, with a 1.64% gain in value in the morning. BTC, which broke the upper band of the small channel upwards after testing the middle band of the major channel at $ 20,000 levels and then several times, is currently in the upper band of the major channel. After the channel tested the resistance level of $22,500, if BTC can sustain itself at the $22,000 level, we can start targeting the $24,000 levels.
 

RESISTANCES 22.778 / 23.676 / 24.928
SUPPORTS 20.628 / 19.376 / 18.478

BITCOIN [BTC] 349792.52 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24225.66 TRY

Although the large amounts transferred to crypto exchanges in Ethereum created some selling pressure, the rise of the market allowed us to rise above $ 1250 levels in Ethereum. Although the test and merge developments related to Ethereum are evaluated as quite positive, it cannot be said that it has a great impact on pricing.

Today, ETH, which gained 31% in the morning hours, is priced at $ 1254. Ethereum, which seems to be in an uptrend on the 4-hour chart, broke the channel middle band at $ 1090 and then the channel resistance level at $ 1170 after receiving support from $ 1050 levels for a long time and rose to $ 1260 levels, which we can consider as a critical resistance level. We can say that these levels are the most important level for the upward movement in Ethereum, which is currently testing that resistance.
 

RESISTANCES 1293 / 1339 / 1404
SUPPORTS 1070 / 1117 / 1181

ETHEREUM [ETH] 24225.66 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.27 TRY

AVAX, which has gained 1.49% as of the morning hours, is priced at $ 20.50. AVAX, which has a very strong support from the $ 16 level, has entered a strong uptrend after failing to break down and with the rise in the market, although it has tested many times. AVAX, which has been increasing continuously since the beginning of July, continues to approach the channel resistance level of 21.80 by breaking the critical levels of 16.80 18.50 and 19.60.

RESISTANCES 21,31 / 22,34 / 23,57
SUPPORTS 16,79 / 17,82 / 19,05

AVALANCHE [AVAX] 316.27 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.19 TRY

XRP, which gained 2.37% in the morning hours, is priced at $ 0.3502. XRP, which is in an ascending channel, broke up with yesterday's rise and advanced to $ 0.355 levels. Although it managed to break the 0.35 level, which can be considered as the critical level, it then returned below the resistance. The breakdown should be expected to be confirmed with 4-hour closes above this level. The target after the breakdown is confirmed is 0.3710.

RESISTANCES 0,3630 / 0,3760 / 0,3935
SUPPORTS 0,3020 / 0,3150 / 0,3325

RIPPLE [XRP] 8.19 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 963.60 TRY

LTC is trading at $53.24, up 2.11% as of morning hours. LTC has been in the same channel for about 1 month. Although it has tried an upward or downward breakdown a few times, we have seen a very weak pricing in LTC in the past days, which has always returned into the channel. LTC, which fell below the $ 49 level for the first time after June 20, has only been able to rise to the channel middle band of $ 53-54 with yesterday's rise. If this weak pricing continues, we can say that LTC investors should be more careful than others in case of a possible market decline.
 

RESISTANCES 54,77 / 56,34 / 58,81
SUPPORTS 46,69 / 48,26 / 50,73

LITECOIN [LTC] 963.60 TRY +7.00 +0.03 VOL 21 LTC

LINK is up 1.81% today at $6.79. LINK is available in 2 channels these days. After managing to break the middle band of the wide channel, he also managed to break the small channel upwards with the momentum he gained. We will see if LINK, which is currently in the middle of the upper band, will be able to break the channel upper band of 7.50.

RESISTANCES 06,93 / 07,11 / 07,40
SUPPORTS 05,99 / 06,17 / 06,46

BASIC ATTENTION TOKEN [BAT] 5.46 TRY

BAT is trading at $0.4474, down 1.11% as of morning hours. BAT, which has reacted quite strongly during the BTC declines, has risen close to 75% from the bottom. However, yesterday, despite the rise of almost all coins with the momentum gained by the market, BAT returned from the support it had broken and lost value. It has also broken the upward trend it has caught in recent days to the downside. The most critical zone for BAT is the 0.4430 level, which it has been in for the last 2 months and made its upward breakdown on Wednesday. A downside break of that level will bring BAT back into this very strong channel.

RESISTANCES 0,4544 / 0,4658 / 0,4720
SUPPORTS 0,4192 / 0,4306 / 0,4368

BASIC ATTENTION TOKEN [BAT] 5.46 TRY +7.00 +0.03 VOL 21 BAT

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