DAILY CRYPTOCURRENCY NEWS

Indian Parliamentarians Offer to Raise Cryptocurrency Taxes!

Indian Parliament member Sushil Kumar Modi urged Finance Minister Nirmala Sitharam to consider raising cryptocurrency income taxes above 30%, which are scheduled to start on April 1st due to the high annual compound growth rate of cryptocurrencies.

Luna Foundation Purchases Bitcoin Again!

Do Kwon, the founder and CEO of Terra, which came to the fore with Bitcoin purchases, bought 2,943 more Bitcoins on behalf of the Luna Foundation. The balance in the Bitcoin wallet reached 30,727 Bitcoins.

622 Million Dollar Hack to Axie Infinity's Ethereum Sidechain!

Sky Mavis, the developer of NFT game Axie Infinity, said 173,000 ETH and 25.5 million USDC were hacked from the bridge linking Ronin, the Ethereum sidechain. However, AXS lost about 10% of its value.

Polygon Announces ZK-Proof-Based Identity Solution for Web3

Announcing that working on the ZK(zero information) evidence base identity solution used in privacy blockings, Polygon also intends to create a digital identity that does not disclose users' personal information. 

IPhone Users Can Now Buy Crypto with Apple Pay!

MetaMask, one of the most popular Ethereum wallets, announced a series of updates for its mobile version on 29 March. One of them was its expansion into the Apple ecosystem. It launched an integration with the firm's “Apple Pay” payment platform. 

Chris Larsen: "I Hold Bitcoin."

In an interview with Greenpeace, Ripple co-founder Chris Larsen announced the launch of the "Change the Code, Not the Climate" campaign with $5 million. Besides, he mentioned that he wanted BTC and ETH to be successful and and kept Bitcoin.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 352234.69 TRY

Bitcoin lost a 0,13% value during morning hours and is priced around $47.021. When we consider the BTC/USDT pair technically, there is no major change in the outlook. The ascending triangle formation was broken upwards as of the weekly close. At the same time, the BTC, which broke the resistance level of 44,000-46,000 dollars upwards, the major resistance level, ended the sales pressure and a short-term reaction was seen from the level of 48,300 dollars (the 200MA level). In BTC, which has lost its momentum, it can retest the $45,000-46,000 band to revive the demand again. $51,000 is the next target if it breaks the 200MA level upwards.

RESISTANCES 47.528 / 48.049 / 48.376
SUPPORTS 46.680 / 46.353 / 45.832

BITCOIN [BTC] 352234.69 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24585.62 TRY

Ethereum lost a 0,15% value during morning hours and is priced around $3393. When we consider the 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 to $3400. In parallel with the price movement in Bitcoin, we see that momentum also disappears in ETH and 200MA is an important resistance in the short term. ETH, which has reacted over the last few days from the local peak level of 3411 USD on January 12, may experience an accurate pullback to the level of 3200 USD unless the region of 3411-3488 USD is broken upwards. 

RESISTANCES 3454 / 3518 / 3569
SUPPORTS 3225 / 3289 / 3340

ETHEREUM [ETH] 24585.62 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.56 TRY

AVAX gained a 2,71% value during morning hours and is priced around $98.07. When we consider AVAX/USDT pair technically, AVAX had a stagnated price movement as of January but broke the zone upwards. The rise continued until the $95-96 band. In AVAX, which has an immediate reaction to this band, an important supply-demand region, there is a price movement above this region in the morning hours. It can provide momentum that will trigger an increase to $113 if permanence is achieved above the $95-96 band and short-term rising trend in the daily chart.

RESISTANCES 103,12 / 108,00 / 114,03
SUPPORTS 81,30 / 86,18 / 92,21

AVALANCHE [AVAX] 319.56 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.18 TRY

Ripple gained a 0,05% value during morning hours and is priced around $0.8616. 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, daily close took place just above the level of 0.8579 dollars yesterday. We expect momentum to be gained towards $0.92, the previous local peak, XRP faced reaction from this level. The breakout of this level will move the XRP towards the level of 1 dollar.

RESISTANCES 0,8725 / 0,8821 / 0,8923
SUPPORTS 0,8329 / 0,8425 / 0,8527

RIPPLE [XRP] 8.18 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 969.40 TRY

LTC lost a 1,45% value during morning hours, and the current price is $129.6. When we consider the LTC/USDT pair technically, the channel lower line is broken down this morning in LTC, which continued its price movement within the ascending channel since March 14. Although intraday breaouts can be ignored, daily closure under the channel lower line as of daily close may result in a pullbacks towards $121. 

RESISTANCES 133,13 / 136,56 / 138,92
SUPPORTS 121,55 / 124,98 / 127,34

LITECOIN [LTC] 969.40 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 0,35% value during morning hours and is priced around $17.35. When we consider the LINK/USDT pair technically, there is no major change in the outlook. The price movement within the existing horizontal channel as of May 26, 2021 broke upwards as of February, and with the accompanying momentum, there was an increase to the local peak level of $17.45 yesterday. Continuing the price movement on the minor rising trend that existed as of March 14, we expect LINK's rise to continue towards $19 as long as this trend is not broken in the downward daily chart.

RESISTANCES 17,66 / 17,97 / 18,38
SUPPORTS 16,21 / 16,52 / 16,94

BASIC ATTENTION TOKEN [BAT] 5.50 TRY

BAT gained a 0,40% value during morning hours and is priced around $0.9064. When we consider the BAT/USDT pair technically, the level of 0.9255 dollars, which corresponds to the 200-day moving average, works as resistance, although the acceleration is gained again with the increase in the market for BAT, where the horizontal price movement is dominant. For BAT, the upward breakout of this level in the daily chart may bring about increases to the level of $1.10. With the loss of momentum experienced throughout the market, the level of 0.822 dollars can be followed when retreating that may be experienced to create new demand.

RESISTANCES 0,9251 / 0,9485 / 0,9729
SUPPORTS 0,8295 / 0,8529 / 0,8773

BASIC ATTENTION TOKEN [BAT] 5.50 TRY +7.00 +0.03 VOL 21 BAT

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