DAILY CRYPTOCURRENCY NEWS

Ropsten Test Was Successful!

Ahead of Ethereum's merger, which is expected to take place in August, the Ropsten test merge, which is cited by many as the most important stage, has been successful.


Chainlink Announces Staking Planning!
Chainlink shared a detailed explanation yesterday about the staking planning of the LINK token. In the sharing, it was shared that LINK holders will be distributed rewards as staking collateral in a similar way to PoS mechanisms, and at the same time, customer and network security will be increased through staking. This led to an increase of approximately 20% for LINK.
 

Stablecoin Guide from New York State Authorities!
Officials of the New York State Department of Financial Services have issued a directive on the management and issuance of stablecoins. He shared three main guidelines that the guidelines require BitLicense permission and will affect major crypto asset firms.
 

Cryptocurrency Investment from 3 Major Financial Giants!

According to Reuters' report on January 7, Citadel, Fidelity and Charles Schwab, one of Wall Street's largest companies, have joined Virtu Financial Inc's project to create a crypto trading platform.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 358900.30 TRY

Although Bitcoin managed to stay above 30,000, it did not manage to rise to the next levels. Due to the expectation of inflation data and interest rate to be released on Friday, people are staying away from risky assets. At the same time, we can say that the SEC's investigation into BNB may have caused this period of inactivity.

Bitcoin is pricing in at $30,251 today, down 0.2% in the morning. Although it retried the 31,000 levels yesterday, it could not stay above the 30,600 resistance again and fell to the 30,000-30-500 band. When we look at the 4-hour chart, we see the 4 falling triangle pattern. At the same time, we see that there are 4 different critical levels and that the 30,600 and then the 31,200 levels need to be broken for the upward movement.

RESISTANCES 30.830 / 31.345 / 31.807
SUPPORTS 29.853 / 29.391 / 28.876

BITCOIN [BTC] 358900.30 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24601.13 TRY

Although the merger test was positive, it could not create a positive pricing on Ethereum. Although the positive Merge test is very positive for the Ethereum merge, which is expected to take place in August or September, and although the expectations are news, it is quite normal for people to focus on the data to be released in the United States on Friday.

ETH, which gained 0.30% in the morning hours today, is priced at $ 1796. Ethereum is in a channel that has been falling for 4 hours and has been stuck in the middle-upper part of the channel for the last 2 days. We can expect that the jam will create movement in one direction. We can say that the critical levels for the upward movement are the 1950-2000 band, while the $1700 level is quite critical in the downside breakdown.

RESISTANCES 1838 / 1871 / 1905
SUPPORTS 1705 / 1738 / 1772

ETHEREUM [ETH] 24601.13 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 317.52 TRY

AVAX, which lost 0.48% of its value as of the morning hours, is priced at $ 24.04. AVAX's weekly chart indicates that it is approaching the bottom of the ascending channel and the $23 level should not be broken down in order to stay above this uptrend, which has been in it since January 4, 2021.

RESISTANCES 24,89 / 25,66 / 26,24
SUPPORTS 22,19 / 22,96 / 23,54

AVALANCHE [AVAX] 317.52 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.75 TRY

XRP, which gained 0.2% in the morning, is priced at $ 0.4013. When we examine the 4-hour chart, we see that XRP, which is in a falling channel, tried to break the channel upwards yesterday, but failed to break it again. We will be following the upward or downward movements of XRP, which is stuck in the upper mid-range levels of the channel.

RESISTANCES 0,4050 / 0,4085 / 0,4131
SUPPORTS 0,3888 / 0,3923 / 0,3969

RIPPLE [XRP] 8.75 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.92 TRY

LTC is trading at $61.4, down 0.2% as of the morning hours. When we look at the 4-hour chart, we see a rectangular formation. We see that the formation is approaching the bottom and then remains at those levels even though it tries to make turns. We can say that the delist news from Korea yesterday also played a role in LTC's inability to rise.

RESISTANCES 63,04 / 64,52 / 65,54
SUPPORTS 58,04 / 59,52 / 60,54

LITECOIN [LTC] 987.92 TRY +7.00 +0.03 VOL 21 LTC

Chainlink recently made a detailed statement about the LINK staking planning. We see that this is the biggest reason for the coin's rise and breaking the 7.40 levels. With only the announcement of the planning, LINK is certain to exceed the $ 10 levels by most investors.

LINK, which lost 2.07% of its value as of the morning hours, is priced at $ 8.52. When we examine the 4-hour chart, we see that it has managed to break the falling channel it is in upwards and then it can stay at those levels. The next resistance points appear to be around 9.20 and 11.50.

RESISTANCES 08,92 / 09,30 / 09,64
SUPPORTS 07,48 / 07,86 / 08,20

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT is trading at $0.3953, up 0.2% as of morning hours. When we look at the 4-hour chart, we see that it is in a falling channel and although it tries the upward breakdown many times, it returns into the channel without succeeding. The BAT that is permanent at the top of the channel will try again to break the 0.401 level.
 

RESISTANCES 0,4062 / 0,4179 / 0,4273
SUPPORTS 0,3640 / 0,3757 / 0,3851

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

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