DAILY CRYPTOCURRENCY NEWS

Plant a Tree in Metaverse and South Korea Will Plant Two in Fire-Damaged Forest

The Korean Forest Service, together with fintech company Dunamu, is launching a tree planting campaign on the metaverse. For each tree planted in Metaverse, two trees will be planted in Andong's fire-affected mountain forest.

Radio Caca Introduces Governance Token for Upcoming NFT Marketplace OpenPFP

Radio Caca, a Web 3.0 decentralized autonomous organization (DAO), today introduced PFP Coin (ProFile Picture), a governance token for the Dao's OpenPFP market. OpenPFP actively rewards investors, collectors and creators who participate in events on the platform and accepts Ethereum as well as various other stablecoins.

Crypto Milestone on Wall Street: Goldman Sachs Makes OTC Bitcoin Trade

Goldman Sachs makes over-the-counter crypto options Bitcoin trade. The trade was in the form of a Bitcoin non-deliverable option (NDO) and was facilitated by New York-based crypto investment firm Galaxy Digital Holdings. “This is an important development in our digital asset capabilities and for the broader evolution of the asset class,” said Max Minton, head of Asian Pacific digital assets at Goldman Sachs.

UK Advertising Editor Releases 'Red Alert'Guide to Cryptocurrency Ads

The UK's Advertising Standards Authority (ASA) has issued a sanctions notice to more than 50 companies advertising cryptocurrency services advising them to review their ads to ensure they are following the new guidance.

Commonwealth Bank of Australia Plans to Expand Cryptocurrency Services

Commonwealth Bank of Australia, the country's largest bank by operational volume, recently announced its intention to expand its current cryptocurrency services package, which it began offering in November 2021. According to Sophie Gilder, Head of Blockchain and Digital Assets at the Commonwealth Bank of Australia (CBA), the bank plans to offer its customers a “full range of consumer needs” in terms of cryptocurrency services.

Fed President Jerome Powell Hints at Aggressive Interest Rises After Saying 'Inflation Too High'

The Fed's 16th President Jerome Powell said on Monday that inflation was “too high” in America, and also said the US central bank was willing to raise rates more aggressively. Following the first indicative interest rate increase since 2018, Powell stressed that the Fed would “take the necessary steps” to ensure price stability. He also said it might be appropriate to increase the federal fund rate "by more than 25 basis points".
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 358437.57 TRY

Bitcoin gained a 4,88% value during morning hours and is priced around $42.985. Goldman Sachs makes over-the-counter crypto options Bitcoin trade. The trade was in the form of a Bitcoin non-deliverable option (NDO) and was facilitated by New York-based crypto investment firm Galaxy Digital Holdings. “This is an important development in our digital asset capabilities and for the broader evolution of the asset class,” said Max Minton, head of Asian Pacific digital assets at Goldman Sachs.

When we consider the BTC/USDT pair technically, BTC retreated to the 50MA level (40.656) after Powell's statements. And it climbed up, finding support. In BTC, which is priced close to $43,000, we see that the downtrend in RSI also tends to break upwards. In our opinion, the rise towards $44,000-46,000 might follow.

RESISTANCES 41.288 / 41.950 / 42.458
SUPPORTS 40.118 / 39.610 / 38.948

BITCOIN [BTC] 358437.57 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24526.29 TRY

Ethereum gained a 4,60% value during morning hours and is priced around $3032. When we consider ETH/USDT pair technically, ETH broke the short-term minor trend as of November 30, 2021, upwards  and closed the week above those levels. ETH stabilized its 50MA level as a niche and accelerated towards the previous loval peak level this morning. We expect the rises to continue towards $3200-3250.

RESISTANCES 2827 / 2873 / 2913
SUPPORTS 2653 / 2699 / 2740

ETHEREUM [ETH] 24526.29 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 317.44 TRY

AVAX gained a 2,90% value during morning hours and is priced around $88.50. When we consider AVAX/USDT pair technically, AVAX had a stagnated price movement as of January but broke the zone upwards. When sell-offs decreased, the levels around $95 became effective. Breaking the downtrend upwards, AVAX has retested this trend and turned it into a new support. If it does not lose the momentum,rise towards $100, the resistance zone marked in blue might follow.

RESISTANCES 82,07 / 85,03 / 88,33
SUPPORTS 69,55 / 72,51 / 75,81

AVALANCHE [AVAX] 317.44 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.80 TRY

Ripple gained a 2,20% value during morning hours and is priced around $0.8579. When we consider XRP/USDT pair technically, there is no major change in the outlook. In XRP, which has broken its downward trend with the positive decision taken by the court, slight rises continue. We expect momentum to be gained in the XRP, which broke the level of 0.8579 dollars upwards this morning, and a rise towards $0.92, which was the previous local peak.

RESISTANCES 0,8034 / 0,8173 / 0,8337
SUPPORTS 0,7428 / 0,7567 / 0,7731

RIPPLE [XRP] 8.80 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 986.04 TRY

LTC gained a 3,50% value during morning hours and is priced around $120.1. When we consider LTC/USDT pair technically, LTC could finally break the downtrend upwards that existed for a long time and closed the week above this trend. Retesting the level of 114 dollars (the 50MA level) yesterday, LTC shows an increase in parallel with the sharp price movement in BTC this morning. If it sustains above $121, rise will continue towards $130.

RESISTANCES 111,26 / 113,43 / 115,37
SUPPORTS 103,04 / 105,21 / 107,15

LITECOIN [LTC] 986.04 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 4,50% value during morning hours and is priced around $15.65. When we consider LINK/USDT pair technically, 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 moved forwards the target marked in red. LINK is priced above the red zone, breaking the 50MA level upwards. If it closes the day above, rise towards the level of $18 might follow.

RESISTANCES 14,65 / 15,14 / 15,39
SUPPORTS 13,16 / 13,66 / 13,91

BASIC ATTENTION TOKEN [BAT] 5.60 TRY

BAT gained a 1,25% value during morning hours and is priced around $0.8247. When we consider BAT/USDT pair technically, BAT received momentum, breaking the downtrend and closing the week above the 50MA level (0.7694). For BAT, which we expect to gain momentum again with the market-wide increase, our next first price target is $0.9246 (the 200MA level).

RESISTANCES 0,8623 / 0,8965 / 0,9176
SUPPORTS 0,7517 / 0,7859 / 0,8070

BASIC ATTENTION TOKEN [BAT] 5.60 TRY +7.00 +0.03 VOL 21 BAT

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