Rare Homer Simpson Pepe NFT Sells For $312k

Forget DeFi; non-fungible tokens (NFTs) are where it’s at. Proof of that comes in the form of ‘Homer Pepe,’ a rare NFT that combines the beloved Homer Simpson character with meme maestro Pepe The Frog. Yesterday, the former owner of ‘Homer Pepe,’ Peter Kell, posted on his Instagram that he had sold it for 205 Ethereum, or $312k. Source: @zippi101 on Instagram.com ‘Homer Pepe’ NFT Turns a 700% Profit Kell’s story began in early 2018 at the Rare Art Labs Digital Art Festival auction in New York City. Meme enthusiasts…

Binance Coin (BNB) Gains Momentum, Why Dips Are Attractive

Binance coin price found support near $200 and started a fresh increase against the USDT. BNB is gaining momentum and it seems like the bulls are eyeing a fresh increase above $300. Binance coin price started a fresh increase above $220 and $230 against the USDT. The price is trading nicely above $250 and it is well above the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $215 on the 4-hours chart of the BNB/USDT pair (data source from Binance).…

Why Ethereum Close above $1,600 Could Stage A Strong Rally

Ethereum started a steady increase above $1,450 and $1,500 against the US Dollar. ETH price is showing positive signs, but it must settle above $1,600 for upside continuation. Ethereum started a decent recovery above the $1,450 resistance zone. The price is now trading well above $1,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now facing a strong resistance near the $1,600 pivot level.…

Bitcoin Revisits $50K, Why BTC Could Still Struggle Near $51K

Bitcoin price started a strong recovery from $53,000 against the US Dollar. BTC tested $50,000 and it could face a strong selling interest near $51K and $52K. Bitcoin started a decent upward move above the $48,000 resistance zone. The price is now trading well above $48,000 and the 100 hourly simple moving average. There was a break above a major contracting triangle with resistance near $47,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb above $50,000 again, but it is likely to…

It’s Crunch Time For Ongoing Bitcoin Parabola

Bitcoin price has now had one of its largest pullbacks dollar for dollar in history, putting the entire parabolic uptrend in jeopardy, according to one crypto analyst who has warned the top could be near. The analyst, who has been accurate in the past, claims that it is now “crunch time” for the parabola to prove its strength, or risk the start of a violent breakdown. “Crunch Time” For Bitcoin Parabola, As Uptrend Support Line Is Tested An asset that “goes parabolic” is a rare event, occurring when price action…

Cardano (ADA) Holding Crucial Support, Why It Could Surge Again

Cardano’s price traded to a new multi-month high at $1.48 before correcting lower. ADA declined sharply below $1.20, but the bulls were active above $1.18. ADA surged above the $1.20 and $1.40 resistance levels against the US dollar. The price is still trading well above $1.20 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.17 on the 4-hours chart of the ADA/USD pair (data source from Bitfinex). The pair could dip again towards $1.17 before it starts a fresh increase…

Ethereum Bears Keep Pushing, Why ETH Could Face Hurdles Near $1,500

Ethereum extended its decline towards the $1,300 zone against the US Dollar. ETH price is now recovering, but it could face a strong resistance near $1,480 and $1,500. Ethereum started a fresh recovery after tagging the $1,300 support zone. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could face a strong resistance near $1,480 and $1,500 in the near term.…

Bitcoin Price Recovers, Why BTC Could Struggle Near 100 SMA

Bitcoin price traded to a new swing low at $43,000 before correcting higher against the US Dollar. BTC is now facing a strong resistance near $47,000 and the 100 hourly SMA. Bitcoin extended its decline below the $45,000 support and tested the $43,000 zone. The price is now recovering higher towards the $47,000 resistance and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $48,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must break $47,000…

Ethereum Gains Bearish Momentum, Why ETH Could Test $1,280

Ethereum extended its decline below $1,450 against the US Dollar. ETH price is gaining bearish momentum and it could even test the $1,280 support. ETH price remained in a bearish zone below the $1,650 and $1,700 resistance levels against the US Dollar. The price is trading well below $1,500 and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance at $1,500 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to continue lower towards the $1,280 support as…

Why Bitcoin Price Could Extend Its Decline To $41K, 100 SMA Holds The Key

Bitcoin price started a fresh decline after it failed to clear $52,000 against the US Dollar. BTC is sliding and it remains at a risk of a drop towards $41,000. Bitcoin recovered above $50,000, but it struggled to clear the $52,000 resistance. The price is trading well below $50,000 and the 100 simple moving average (4-hours). There is a key declining channel forming with resistance near $49,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to continue lower towards the $41,000 and…