Arman Shirinyan's profile photo

Arman Shirinyan

United States

Contributor at U.Today

Featured in: Favicon u.today Favicon iqfin.net

Articles

  • 1 week ago | u.today | Arman Shirinyan

    XRP is now trading at $2.18 after officially breaking below a significant technical level and losing support at the 50-day Exponential Moving Average. This move signals a major change in momentum and creates the possibility of a retest of the 200 EMA, which is currently the bulls' primary line of defense and is located in the $1.99-$2.00 range. The short-term price action of XRP has become bearish following several unsuccessful attempts to break above the descending resistance trendline.

  • 1 week ago | u.today | Arman Shirinyan

    In terms of market capitalization, Cardano is putting up a good fight to surpass Dogecoin and take back eighth place on the cryptocurrency market. The market capitalization gap is closing, with ADA currently trading at $0.67 and DOGE at $0.17. Cardano's recent actions may be the cause of this change. The price chart for Cardano shows a consistent upward trend, with ADA continuing to hold above the 50-day Exponential Moving Average (EMA).

  • 1 week ago | u.today | Arman Shirinyan

    The crucial 50-day EMA support level, which had been a technical pivot and a lifeline during XRP's recent consolidation phase, was lost, and the cryptocurrency is now under pressure once more. The asset is now more vulnerable to downside risk due to the moving average breakdown, and the price is currently having difficulty regaining short-term momentum. As of right now, XRP is trading at about $2.17.

  • 1 week ago | u.today | Arman Shirinyan

    In the rush to fully decentralize rollups, Vitalik Buterin has shared an important reminder that is easy to forget: stage 2 is not always more secure unless the underlying proof system is impenetrable. He clarified in a post, presenting a condensed mathematical model, that moving too quickly to stage 2 without appreciably enhancing proof robustness could actually raise the failure rate.

  • 1 week ago | u.today | Arman Shirinyan

    The price action of Bitcoin is exhibiting signs of weakness and hesitation even though it printed a golden cross. The price of the flagship cryptocurrency is currently down a little to $95,484 after recently rising toward $96,000 with little to no follow-through momentum. The problem: Despite its positive symbolism, the golden cross has not generated the institutional interest or volume spike that would normally be required to start a long-lasting rally.

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