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Crypto

LINK rally around the corner!

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A possible Chain LINK  breakout can be seen through the Falling Wedge. Potential Entry is around 50% Fib-Ratio, with an oversold support on MACD, RSI and Moving averages. Potential resistance on charts are investors targets to hit.

With Bitcoin having crossed the $11,000 level and traded near its highest level in nearly a year on Tuesday amid US dollar weakness and a broad shift to alternative assets. The cryptocurrency leaped as high as $11,198.32 before paring gains and trading below $11,000 later in the day. The movement cleared a major psychological level that has been there for a long time.

Bitcoin’s upward movement comes amid a similar upswing for gold prices. The yellow metal reached a record high on Monday as investors bet on heightened inflation expectations and FOMC rumors. And although, cryptocurrencies generally speaking, failed to demonstrate safe haven qualities during stock market swings, they are absolute beneficiaries of the U.S. dollar weakness and inconsistencies.

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Crypto

XRP up 100% in a week.

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As organized pumping and dumping efforts continue to spread, the cost of XRP has multiplied in the previous two days, while other as of late siphoned coins have just smashed from their new highs in twofold digits.

On Saturday, XRP was exchanging at USD 0.281 before the convention strengthened and pushed the cost to USD 0.59 by Monday morning . A the hour of composing, the cost is up by 42% in a day and 113% in seven days. It bounced by 145% in a month and 144% in a year.

Additionally, XRP is back as the third biggest cryptoasset by market capitalization, after it slammed because of an administrative crackdown in the US.

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Crypto

Correction is the order of the day for cryptos.

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Bitcoin price is correcting gains from $ 40,500. The previous breakout zone near $ 36,550 could act as a strong support. As long as BTC is above $ 36,550, it might start a fresh increase towards the $ 40,500 level.

Many altcoins climbed over 8%, including VGX, IOST, DOT, CRV, BTCB, ATOM, HED, NEXO, LINK, and ABBC. Out of these, IOST started a strong increase after it broke the $ 0.021 resistance.

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Crypto

Major recovery on the horizon

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After a massive decline, bitcoin price remained well bid above the $ 30,100 zone. BTC traded close to $ 30,300 before it started a fresh increase. There was a clear break above $ 34,200 and the price is currently attempting a close above $ 35,600.

Similarly, there was a recovery wave in most major altcoins. ETH/$ is back above $ 1,051 and it might gain pace once it clears $ 1,151. XRP/$ is showing positive signs, but it must settle above $ 0.31p and $ 0.313 for a fresh increase to $ 0.351.

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