210 days ago

South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices

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Avalanche And SUI Close In On Key Resistance – Are Breakouts The Catalyst For A Recovery?

Cryptocurrency markets are buzzing with excitement as Avalanche and SUI approach significant price barriers. Investors are keenly observing whether these coins will break through and trigger a market rebound. This article explores the potential growth of these digital assets and what it could mean for the broader crypto scene. Avalanche Shows Declining Momentum Within a Volatile Price Range Avalanche experienced a noticeable fall over the last month with prices dropping by 11.82% and a deeper decline of 29.78% over the past six months. The performance reflects ongoing weakness and bearish pressure in recent trading sessions. The price history underscores a period of consistent decline without strong recovery or upward momentum tracking these past periods. Currently, Avalanche trades between $14.37 and $24.15 with key levels to watch. Immediate resistance is set at $29.52 and support is found at $9.95, with additional barriers at $39.31 on the upside and around $0.173 below. Most indicators lean toward bearish pressure, with a lack of a distinct trend, suggesting traders consider entries near support and guard against false breakouts near resistance. Sui`s Volatile Journey: Upward Half-Year and Short-Term Dip A one-month drop of 10.88% contrasts with a half-year gain of 31.35%, revealing mixed performance. The asset experienced a noticeable correction after a sustained upward trend over six months. Price action over the short term reflects investor hesitation while the longer term shows optimism. The recent decline suggests a temporary pullback amid ongoing market adjustment, with fluctuating sentiment leaving room for a potential rebound. Current trading sees the coin priced between $1.74 and $3.03. Immediate resistance sits near $3.78, with further hurdles at around $5.07, and support is evident at $1.21. Bears exert slight pressure, indicated by modestly negative momentum and oscillator readings, while the neutral RSI hints at uncertainty. Trading ideas include watching for a clear breakout above $3.78 or a rebound from $1.21 for entry points. Conclusion AVAX and SUI are approaching significant resistance levels. If they break through these barriers, it could signal a positive shift in their market trends. Such breakouts often precede upward momentum, providing a potential catalyst for recovery in their values. Observing these movements is crucial for anticipating future price actions. Whether these coins can sustain their gains beyond these points is worth watching closely. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Bitcoin.com

New DeFi Trading Token Definitive (EDGE) Defies Crypto Markets Following Coinbase Listing

A new decentralized finance (DeFi) trading altcoin is surging after gaining support from the top US-based crypto exchange platform by volume. In a new thread on the social media platform X, Coinbase says it’s adding the DeFi token Definitive Finance ( EDGE ) to its suite of digital asset products with an experimental label, causing the altcoin to skyrocket. Coinbase’s experimental label designates assets as having higher volatility and lower trading volume compared to other products offered by the firm. News of the addition sent EDGE flying, as the token went from an April 2nd low of $0.0274 to a peak of $0.1157 just a few hours later. The digital asset has since retraced and is trading for $0.086 at time of writing, a staggering gain of nearly 180% during the last 24 hours. According to its official website, Definitive aims to mimic the experience offered by centralized exchange platforms, such as Coinbase and Binance, despite being decentralized. “Definitive is the future of onchain trade execution. We deliver a CeFi-like experience on DeFi rails via a fully non-custodial platform and API (application program interface) that is live across Solana, Base and other major EVM (Ethereum virtual machine) chains. With Definitive, anyone – from a retail user, to a whale, to a liquid fund, or even an AI agent – can trade any asset on any chain with the same institutional-grade execution found in CeFi.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post New DeFi Trading Token Definitive (EDGE) Defies Crypto Markets Following Coinbase Listing appeared first on The Daily Hodl . Bitcoin.com

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