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After a rally above $1,900, the number one altcoin Ethereum has encountered rejection while aiming for $2K. Similarly, Polkadot has also witnessed a price correction after a recent upswing. Despite the predominant bearish outlook of the crypto market, a new entrant in the crypto space, Tradecurve, has caught the attention of investors and traders surging by 25% during its token presale.
Ethereum Bulls (ETH) Fails To Overcome Rejection Above $1.9k
Despite macroeconomic challenges, ETH showed major bullish momentum to start the week as it headed toward the $2K resistance. However, the price of Ethereum peaked at $1,925, facing rejection at the $2K resistance level.
Short-term profit-taking from investors and Ethereum whales is a key factor that is driving recent selling pressure. A major Ethereum holder recently transferred 23,080 ETH (approximately $44 million) after the cryptocurrency’s price surpassed $1,904. This suggests that significant stakeholders are starting to capitalize on their gains due to Ethereum’s latest price jump.
ETH bulls are now aiming to keep the price of the asset above the 20-day EMA at $1,842. If successful, ETH could build momentum to climb above the resistance line at $1,930, a crucial level to watch. A breakout above this level could push the price of Ethereum above $2,000.
Polkadot (DOT) Correction at $5.54: Will Token’s Price Drop?
Although Polkadot reached a weekly high of $5.54 on May 29th, it has retracted into a corrective phase. In the past 24 hours, Polkadot has maintained 0.40% of its overall gains, trading at $5.50 currently. With no significantdevelopment around Polkadot, the asset could wait for a broader crypto market rally if Bitcoin manages to surpass its $28,000 barrier.
Technical analysis indicates that bears currently have the advantage, with low buying strength and demand present in the market. The top resistance for Polkadot is $5.58. If it surpasses this level, it could potentially reach $5.80. However, if sellers gain momentum, the price may fall below the vital support level of $5.40 and trade around $5.30.
Tradecurve (TCRV) To Jump 25% In Stage 3
While Ethereum recently encountered a setback as it faced rejection at the $1.9K level and Polkadot underwent a price correction Tradecurve has witnessed a remarkable surge of 25% in its value as it enters stage 3 of its token presale.
Tradecurve is a hybrid exchange that addresses various limitations of centralised crypto exchanges including high transaction fees, lack of privacy, control, and transparency. Tradecurve has some of the lowest fees in the industry, allows users to manage their private keys, and caters to global users by allowing them to open accounts without Know-Your-Customer (KYC) registration.
Where Tradecurve stands out from the competition is its trading platform that brings the global financial markets to crypto traders. Tradecuver allows users to explore trading in forex, futures, options, stocks, and CFDs. Tapping into the global foreign exchange (forex) markets which have a daily trade volume of over $7.5 trillion gives Tradecurve almost endless growth potential.
According to the predictions of analysts, the 25% price jump is just a tip of what is to come for Tradecurve. Currently trading at $0.015 per token, market analysts have predicted a potential 50x increase during the presale and up to 100x at launch. Those who invest in the early stages would have huge returns.
Visit the following links for more information about TCRV presale tokens:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
