DAILY CRYPTOCURRENCY NEWS

Ripple Opposes SEC's Time Extension Request!

In a letter to Magistrate Judge Sarah Netburn, Ripple CEO Brad Garlinghouse and co-founder Chris Larsen argue that the court has to deny the U.S. Securities and Exchange Commission’s most recent request for another extension of time. Ripple doesn't want to delay the conclusion of the case.

Malaysia May Adopt Bitcoin as Legal Tender

In Malaysia, the Deputy Minister urged the government to adopt Bitcoin and cryptocurrencies as legal payment instruments, according to a report. There was no indication that the government considered the adoption of crypto like El Salvador. 

Algorand Is Planning a Series of Upgrades

Silvio Micali, an MIT professor and Founder of Algorand, announced at a conference in Australia on Tuesday that he plans to make a series of upgrades to boost the security and speed of the Algorand network and to create a reliable bridge between the chains. 

Tommy Hilfiger to Participate in Decentraland!

The Tommy Hilfiger brand will also exhibit its spring and wearable NFT collections during Decentraland Fashion Week, which will take place from March 24 to 27, 2022. “I was inspired by the power of digital technology,” American fashion designer Tommy Hilfiger said in a statement.

Over 1 Billion SHIB Burn!

1,021,292,580 Shib tokens have been burned in the last 24 hours, according to Shibburn's tweet on 22 March at 07: 00. 244.5 million units were added to the next approximate date, April 15.

Amazon Launches Metaverse Game!

Amazon launced a game called AWS Cloud Quest. Players earn points by helping residents solve IT problems related to the cloud and completing puzzle tests. Besides, they also unlock new content and character styles.

El Salvador is Ready to Issue Bitcoin Bonds!

El Salvador's Finance Minister Alejandro Zelaya said the country is waiting for the right time for its first Bitcoin bond. Stating that the government is ready to issue bonds, Zelaya said that it would prefer bond issuances to be made between March and April or at the latest in September due to market conditions.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359824.41 TRY

Bitcoin lost a 1,05% value during morning hours and is priced around $41.905. When we consider BTC/USDT pair technically, BTC retreated to the 50MA level (40.656) 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 BTC, which recovered part of the positive price movement yesterday, the permanence price above $42,500 can lead to the $44,000-46,000 zone. When retreating, the 50MA level should be followed.

RESISTANCES 42.775 / 43.656 / 44.144
SUPPORTS 41.406 / 40.918 / 40.037

BITCOIN [BTC] 359824.41 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24670.83 TRY

Ethereum lost a 1,05% value during morning hours and is priced around $2935. 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, which holds onto the support level  (50MA), climbed up to $3050 yesterday. ETH, which lost momentum towards the end of the day, should be followed up with $2809 and $2880 (the 50MA level), when retreating.

RESISTANCES 2999 / 3064 / 3102
SUPPORTS 2794 / 2859 / 2897

ETHEREUM [ETH] 24670.83 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 320.01 TRY

AVAX lost a 0,06% value during morning hours and is priced around $83.90. When we consider AVAX/USDT pair technically, there is no major change and the positive outlook sustains. 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 acceleration above $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 88,42 / 92,52 / 95,62
SUPPORTS 74,02 / 78,12 / 81,22

AVALANCHE [AVAX] 320.01 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.78 TRY

Ripple lost a 1,20% value during morning hours and the current price is $0.8267. In a letter to Magistrate Judge Sarah Netburn, Ripple CEO Brad Garlinghouse and co-founder Chris Larsen argue that the court has to deny the U.S. Securities and Exchange Commission’s most recent request for another extension of time. Ripple doesn't want to delay the conclusion of the case.

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. Daily close in XRP, which broke the $0.8579 level upwards yesterday, was below this level. We expect momentum to be gained towards $0.92, the previous local peak, holding onto the level.

RESISTANCES 0,8448 / 0,8678 / 0,8801
SUPPORTS 0,7742 / 0,7972 / 0,8095

RIPPLE [XRP] 8.78 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 991.86 TRY

LTC lost a 5,50% value during morning hours and is priced around $119.6. 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. This mornings, it's retreating. LTC, which closed above $121 yesterday, might continue to rise towards $130 if it sustains above this level.

RESISTANCES 123,06 / 126,96 / 129,47
SUPPORTS 110,24 / 114,14 / 116,65

LITECOIN [LTC] 991.86 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 1,1% value during morning hours and is priced around $15.27. 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. Along with the market-wide rise yesterday, LINK broke its 50MA level upwards and close the day around the levels marked in red. Testing the $15.09 (the 50MA level) this morning, LINK might rise to $18 unless it breaks it downwards.

RESISTANCES 15,61 / 16,06 / 16,30
SUPPORTS 14,25 / 14,70 / 14,93

BASIC ATTENTION TOKEN [BAT] 5.66 TRY

BAT lost a 0,45% value during morning hours, and is priced around $0.8062. 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). In order for this scenario to happen, it should sustain above the 50MA level.

RESISTANCES 0,8266 / 0,8427 / 0,8559
SUPPORTS 0,7680 / 0,7841 / 0,7973

BASIC ATTENTION TOKEN [BAT] 5.66 TRY +7.00 +0.03 VOL 21 BAT

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