Monero ‘falling wedge’ breakout positions XMR price for 75% rally

Monero (XMR) price dropped by nearly 10% three days after establishing a week-to-date high around $290 on April 24. Nonetheless, several technical indicators suggest that the XMR/USD pair is poised to resume its uptrend over the next few months. Falling wedge breakout underway Notably, XMR’s price broke out of its “falling wedge” structure in late […]

Ethereum Long Positions Hit $300M on Bitfinex, And It Can Trigger a Major Correction

Despite the fact that Ethereum has been underperforming Bitcoin over the past few weeks, investors are highly optimistic about the asset. Data from leading exchange Bitfinex, in fact, indicates that traders have a record number of long positions open for the cryptocurrency. Analysts fear that this optimism may end badly as a bearish technical case […]