DAILY CRYPTOCURRENCY NEWS

One More Support for Ripple Airdrop

An international cryptocurrency platform made a statement pleasing Ripple investors. The world-famous platform has announced that it will support Spark Airdrop. Accordingly, users who have Ripple will be able to benefit from the Spark Airdrop that will take place on December 12. Spark Token is expected to reflect positively on Ripple.

Stellar continues to Rise After Update

Stellar's Protocol 15 update was processed on November 23. With the update, the speed of development of the network has increased and the way for developers to receive sponsorship support has been opened. After the update, the Stellar Lumens (XLM) price increased by 60% in 24 hours and exceeded $ 0.20 for the first time since September 2018.

Locked Amount on DeFi Platforms Increased

The value of assets in the decentralized finance (DeFi) market, the increasing price of leading cryptocurrencies, Bitcoin, and Ethereum have had a positive impact on the DeFi market. According to data released by DeFi Pulse, the total value of assets locked in DeFi protocols reached an all-time high of $ 14.41 billion.

The concern in the Cryptocurrency Market

Coinbase CEO Brian Armstrong said that they heard that the Trump administration's Treasury Secretary Steve Mnuchin could make a radical decision regarding the cryptocurrency industry, just before he left office, that people wanted to retrieve the data of their private keys. He stated that if such a situation occurs, there will be negative doubts about the privacy of their personal data in the minds of the users and the trust in the crypto money market will be seriously damaged.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 358777.94 TRY

The cryptocurrency market is falling sharply this morning due to CoinBase CEO's statements about the future of regulation in the US cryptocurrency market. On the other hand, even though Bitcoin has a 1% increase in weekly returns, sales movements can be seen due to news. But since the market's perspective on BTC is long-term, the market may look for a place of reaction after the panic sales are digested. This morning, there is a course with around 4% sellers. Since mid-November, the shear between miners' Bitcoin generated and what they spent indicates that Bitcoins generated are more than spent. Rather than perceiving this as excess supply, it is useful to read that there is an increase in wallets and medium-long term Bitcoins are accumulated.

When we consider BTC / USD technically; We see that it forms a horizontal band by staying between the top levels, which are the support resistances in the weekly period. $ 17,200, which is the lower support of this band remaining in the region of $ 19,500-17,200, is also the former upper resistance of the old bullish channel. Therefore, the reactions in this region that may occur in withdrawals can be followed.

RESISTANCES 19,145 / 20,465 / 21,490
SUPPORTS 16,800 / 15,780 / 14,460

BITCOIN [BTC] 358777.94 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24603.65 TRY

Ethereum could not escape the sales in the cryptocurrency market, which was negatively affected by news developments this morning, and is trading at $ 530 this morning with losses around 6%. December 1st is expected for the first phase of the Ethereum 2.0 update. Due to this fundamental development expected in Ethereum, this selling pressure may be understandable for future maturities as long as it remains a correction.

Technically, ETH / USD, which broke the upward trend as well, returned to its old bullish channel, but it drew the candle we define as 'bearish reversal' in the daily period. It is, therefore, useful to focus on the support levels in the continuation of the downward correction. The most important reason is that technically, the upward direction is maintained despite sales. The middle band of the channel crosses the $ 500 level, and we may have a high chance of seeing a backlash here.

RESISTANCES 590 / 645 / 690
SUPPORTS 490 / 445 / 390

ETHEREUM [ETH] 24603.65 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.02 TRY

AVAX Analysis- Spark token is the local token of the Flare network. The Flare Network is a distributed network running the Avalanche consensus protocol adapted to the Federated Byzantine Agreement and leveraging the Ethereum Virtual Machine. The uptrend that started in AVAX as of November 5th, broke the peak of the triangle formation at $ 3.88 and reached $ 4.42 yesterday with the strengthening of purchases. With the profit realizations at these levels and in addition to the Coinbase news, a volatile retreat in prices took place and fell below the $ 4.00 level again, AVAX was priced around $ 3.56 in the morning hours today, and took back its weekly earnings. During the day, we need to follow the broad band of $ 3.15 - $ 4.20.

RESISTANCES 4,1870 / 4,8200 / 5,2415
SUPPORTS 3,1325 / 2,7110 / 2,0775

AVALANCHE [AVAX] 318.02 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.79 TRY

Ripple Analysis - Ripple and Stellar also took their share from the fluctuation of this morning on the crypto money market and expanded their losses compared to other coins. XRP / USD, which has been selling around 10% this morning, still has a weekly return of 80%. XRP-XLM, which made the most premiums in a week, was therefore the coin groups with the most profit realization. Spark Token, the Ripple Airdrop, will take place on December 12th. The Spark Token Airdrop will be an event where all XRP holders can request Spark tokens with a 1: 1 fixed to their existing XRP balances. For this reason, it is expected to have a positive effect on XRP prices, it is useful to note the period until December 12 and this date.

When we consider XRP / USD technically, we can say that it is useful to examine the hourly charts. XRP, which broke the uptrend downward and relaxed from the 0.75 zone to the 0.55 zone, passed down the falling triangle zone, confirming the weakness here. Although the height of the descending triangle signals that there may be decreases up to 0.4960 region, it tries to find support and react over 0.54 during the day. While the outlook is for recovery appetite for now, movements are weak.

RESISTANCES 0,6765 / 0,7945 / 0,8700
SUPPORTS 0,4825 / 0,4070 / 0,2885

RIPPLE [XRP] 8.79 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.52 TRY

Litecoin Analysis- Litecoin, which traded around 6% this morning, is having a weak trading day with the expectation that CoinBase's margin transactions will be lifted in December and regulation will come by the US regulator.

When we consider LTC / USD technically; Selling pressure up to $ 71.50 levels is trying to recover from here. The appetite for recovery is very weak for now, although reactions have picked up towards the $ 76 levels. Nevertheless, strong news-based pre-sales dynamics according to market benchmarks may support these reactions. If the $ 80.20 level is the upper resistance and manages to break above it during the day, it can return to the old horizontal band and the reaction towards the 84.90 levels can be watched.

RESISTANCES 88,45 / 99,60 / 108,25
SUPPORTS 68,65 / 60,00 / 48,85

LITECOIN [LTC] 987.52 TRY +7.00 +0.03 VOL 21 LTC

Link Analysis -Chainlink technically worked as a $ 11.70 level support for their pullback. Trying to react inside the bullish channel, LINK / USD seems eager in this reaction. In addition, the current level of $ 13.65 of LINK, which is trying to exceed the $ 12.90 level, is an important resistance point, and if it cannot be broken, a 'pull back' motion can be seen. Therefore, investors evaluating the reactions up to this point may move on to the second phase if the $ 13.65 level is broken.

RESISTANCES 15,05 / 17,45 / 19,20
SUPPORTS 10,90 / 9,15 / 6,75

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT Analysis- BAT has increased by 65% ​​until yesterday in the upward trend that it started since November 5th, and fell to 0.2270 as a result of news-based developments falling to the market at $ 0.29. Although BAT / USD tries to react with this decrease, we are following an unstable course for now. The harsh aftermarket may be expected to stabilize. Therefore, it is useful to monitor the reactions that may come from the support levels. Following this warning, which is valid for investors with low risk appetite, we can state that the band range of $ 0.2240-0.2270 is support.

RESISTANCES 0,2735 / 0,3160 / 0,3440
SUPPORTS 0,2035 / 0,1760 / 0,1335

BASIC ATTENTION TOKEN [BAT] 5.62 TRY +7.00 +0.03 VOL 21 BAT

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