DAILY CRYPTOCURRENCY NEWS

Ethereum Accepted in First Crypto-Car Sale

Leading altcoin Ethereum was accepted as payment in the first car sales transaction made using cryptocurrency. Jeff Wyler, Saudi Arabian customer bought the Mercedes-Benz S580 using ETH in the automotive sale at the Automotive Family.

EU and Sweden Discusses Bitcoin 'Proof of Work' Ban

Documents published under the EU's freedom of information laws show that Swedish financial regulators and the European Commission are discussing the proof-of-business technology underpinning Bitcoin and the prohibition on trading cryptocurrencies that use this proof-of-business.

Algorand Network Encourages Carbon Footprint Reduction

The Proof of Stake (PoS) blockchain protocol Algorand announced that its network will implement a smart contract that will automate the balancing of carbon emissions. However, Algorand Foundation CEO Staci Warden has said he will allow the network to scale while it is still carbon negative.

Morgan Stanley: "The Usage of Cryptocurrencies May Widen."

US-based investment bank Morgan Stanley said in a report that cryptocurrency is currently widely used as a currency in the world of digital assets, and the need to accept a range of payment methods, including cryptocurrency, may increase when more brands want to advertise in the metadata store. 

Fidelity Investments Opens in Decentraland!

Fidelity Investment, one of the largest asset management companies, announced yesterday that it had bought an eight-story building in Decentraland and offered financial education and dance training on its metaverse platforms to attract young investors.

Justin Sun Announces TRX-Supported USDD Stablecoin

Justin Sun, the creator of the Tron network, announced the launch of an algorithmic stablecoin called USDD, powered by TRX. He's gonna follow in the footsteps of the Terra Foundation to raise $10 billion in reserves. Tron's USDD will be released on May 5, 2022 and will be available in the Ethereum and Binance Smart Chain.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 351255.96 TRY

Bitcoin gained a 0,48% value during morning hours and is priced around $40.702. Risky asset prices are declining, when Fed President Powell says that they need to move “faster” to raise interest rates. Powell also said that “the 0.5-point interest rate hike was on the table in May”.

When we consider the BTC/USDT parity technically, the price movement continues within the ascending channel that existed as of January 24th. BTC, which found support from the channel lower line on Monday, soared again with the support from this level. Yesterday it was over $42,100 (50DMA), but it could not hold above there. In case of breakout of its 50DMA, the channel middle line price might go up 44.300. If the decline continues, the channel may find support in the lower line ($38,800). 

RESISTANCES 42.504 / 44.314 / 45.660
SUPPORTS 39.348 / 38.002 / 36.192

BITCOIN [BTC] 351255.96 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24454.21 TRY

Ethereum gained a 1,14% value during morning hours and is priced around $3015. When we consider the ETH/USDT pair technically, ETH, which broke the rising minor trend downwards, found support at $2986 (Fibo 50% and the 50DMA). With the accompanying rise, the Fibo 61.80% ($3117) was tested. Since April 12th, the price movement between those two levels has continued. If the $3,000 is not lost downwards again, a rise might follow towards $3,500 (200DMA).

RESISTANCES 3147 / 3276 / 3376
SUPPORTS 2689 / 2818 / 2918

ETHEREUM [ETH] 24454.21 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.89 TRY

AVAX gained a 2,51% value during morning hours and is priced around $76.89. Retesting the strong uptrend that it has tested many times before, AVAX went up to $82 (50DMA). But it could not sustain its upward price movement. As long as the level of $72,8 is not lost downwards, the first price target is $87.52 (Fibo 61%). 

RESISTANCES 79,74 / 83,02 / 85,82
SUPPORTS 67,58 / 70,86 / 73,66

AVALANCHE [AVAX] 316.89 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.17 TRY

Ripple gained a 0,58% value during morning hours and is priced around $0.7369. When we consider the XRP/USDT pair technically, although the buy signal was received in the MACD, which has been giving a sell signal for a long time in XRP, which continues its price movement within the ascending triangle as of January, it is not very strong. There is a current sales pressure of around $0.7853 (50DMA). If this 50DMA level can be surpassed, a rise towards the level of $0.916 might follow. As the decline continues, $0.695 may be the first support in the rising trend. 

RESISTANCES 0,7621 / 0,7884 / 0,8094
SUPPORTS 0,6675 / 0,6938 / 0,7148

RIPPLE [XRP] 8.17 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 971.90 TRY

LTC gained a 1,21% value during morning hours and is priced around $107.9. When we consider the LTC/USDT pair technically, LTC had seen a consistent reaction from $114, which is also an important resistance and 50DMA level. A breakout would trigger LTC to go up $132. If the decline continues, it can find support around $98-101.

RESISTANCES 113,08 / 118,63 / 122,59
SUPPORTS 94,06 / 99,61 / 103,57

LITECOIN [LTC] 971.90 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 1,16% value during morning hours and is priced around $13.78. LINK, which has been dominating the price movement below the downtrend since November 10, is priced close to the lower line of the horizontal channel that has existed for more than a year. As long as the demand zone in the channel lower line is not lost downwards, rises might follow towards the supply zone marked in red.

RESISTANCES 14,31 / 14,81 / 15,28
SUPPORTS 12,39 / 12,89 / 13,35

BASIC ATTENTION TOKEN [BAT] 5.53 TRY

BAT gained a 3,74% value during morning hours, and is priced around $0.7893. When we consider the BAT/USDT parity technically, the price movement continues within the horizontal channel that existed as of March 14th. BAT saw a demand from the zone marked in green and soared towards the middle channel. Although it broke the level of 0.78 dollars upwards at the beginning of yesterday, the day close stayed below this level. As of this morning, BAT has an upward price movement around its 50DMA and so it can go up to $0.97 (upper line of the channel).

RESISTANCES 0,8213 / 0,8632 / 0,9032
SUPPORTS 0,6575 / 0,6994 / 0,7394

BASIC ATTENTION TOKEN [BAT] 5.53 TRY +7.00 +0.03 VOL 21 BAT

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