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Crypto exchange firm Coinbase faces another class action lawsuit alleging the company misled investors into buying securities. The complaint is brought by individual complainants claiming Coinbase has violated securities laws. In addition, the lawsuit argues Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar Lumens (XLM) are The post Breaking: New Class Action Lawsuit Filed Against Coinbase, Brian Armstrong appeared first on CoinGape .

Breaking: New Class Action Lawsuit Filed Against Coinbase, Brian Armstrong

MATIC is the native utility token of the Polygon blockchain and it is currently ranked 18th by market cap, with a total supply of 10 billion MATIC and a total trading volume of over $204 million in the last 24 hours. It has been moving upward since its last rejection at a $0.6342 support level. Following the recent bullish trend of the crypto market, MATIC has not been left behind as the price has been on an uptrend with very strong momentum for a while now. Since its last rejection point, MATIC has seen a price reversal of over 10%. Technical Indicators Point Toward Sustained Uptrend For MATIC To figure out where MATIC’s price might be headed next, several indicators can be used to examine the chart; 1-Day MACD: A technical look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the zero line, and both the MACD line and the Signal line have crossed and are heading towards the MACD zero line, indicating a bullish trend. 1-Day RSI: the formation of the Relative Strength Index (RSI) in the above image also suggests an upward movement as the RSI signal line is seen moving toward the 50% level. This indicates that buyers are gradually becoming active in the market therefore overpowering the strength of sellers. 4-hour Alligator: A look at the alligator indicator from the 4-hour time frame shows that the crypto asset is trading above the alligator lines as the alligator lip and teeth have both successfully crossed above the alligator jaw, suggesting that the price might continue to move in an upward direction. Potential Price Movement From the previous downward movement, the price of MATIC has managed to create one major resistance level of $0.7365 and one major support level of $0.6324. Currently, MATIC is moving toward this resistance level and if it breaks above this level, it might go even further to test the next resistance level of $0.7680. However, if it fails to break above this major resistance, it will reverse and start a downward movement toward its previous support. Also, if it manages to break below this support level, the price might move further downward thereby continuing on its downtrend. As of the time of writing the price of MATIC was trading around $0.7253 and about -0.94% down in the last 24 hour Featured image from Shutterstock, chart from Tradingview.com

MATIC Bullish Signals Abound: Technical Indicators Hint At Sustained Uptrend

Arthur Hayes, the co-founder and former CEO of BitMEX, recently shared his thoughts on the current Bitcoin price action. He stated that the flagship crypto has hit a local low and predicted what its future trajectory will look like. Related Reading: Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook Hayes Says Bitcoin Has Bottomed In a recent blog post, Hayes mentioned that Bitcoin hit a local low when it dropped to around $58,600 earlier this week. As such, he doesn’t foresee the flagship crypto dropping below that price range again anytime soon. Instead, he predicts that Bitcoin will rally above $60,000 (which it already did) and “then range-bound price action between $60,000 and $70,000 until August.” Hayes also suggested that Bitcoin’s recent decline was due to several factors, including the Fed rate decision, the Bitcoin halving sell-the-news event, and the slowdown in the demand for US Spot Bitcoin ETFs. He also used the opportunity to touch on the recent Fed and Treasury policy announcements, which he believes will significantly impact crypto. Hayes claimed those announcements meant the government would likely resort to money printing soon enough. He believes the potential injection of liquidity into the US economy will “dampen negative price movement” in the crypto market. As such, he expects that prices will “bottom, chop, and begin a slow grind higher.” Hayes’ projections are similar to crypto expert Michaël van de Poppe, who recently predicted that Bitcoin will likely consolidate for a few months. Interestingly, Van de Poppe also alluded to the Fed’s recent policies, noting that a Quantitative Easing is close, which would be bullish for Bitcoin. However, Hayes sounded apprehensive of the long-term effects of the recent monetary announcements, noting that they had an inflationary nature. Therefore, although more money is expected to flow into the crypto market with the Fed’s decision, it could cause inflation to skyrocket. This would eventually lead to higher interest rates, negatively affecting risk assets like Bitcoin. Bitcoin is now trading at $63.160. Chart: TradingView Arthur Hayes’ Trading Strategy Going Forward The MEXC co-founder said he would buy Solana and “doggie coins for momentum trading positions.” For long-term “shitcoin positions,” he mentioned that he would increase his allocations in Pendle while identifying other tokens that he considers undervalued. Basically, he plans to use this month to increase his exposure. Once he had done that, he remarked that he would wait for the market to “appreciate the inflationary nature of the recent US monetary policy announcements.” Related Reading: Shiba Inu In Danger Zone: 15% Price Crash Incoming? Meanwhile, as to what doggie coins Hayes might be accumulating, Dogwifhat (WIF) is likely one of them, considering he once mentioned that he would load up on WIF as Bitcoin bottoms out. Featured image from Pexels, chart from TradingView

Crypto Expert Arthur Hayes Says Bitcoin Has Found Its Local Bottom – But Can It Hold This Level?

TLDR Stripe’s introduction of stablecoin payments, set for this summer, has sparked bullish forecasts for Solana (SOL). Robinhood Wallet has integrated cross-chain swaps on the Polygon (MATIC) PoS network, slightly increasing MATIC’s price. Analysts speculate if the bull run will continue. Bitcoin Cash (BCH) experts are optimistic about a 43% surge in the DeFi coin The post Bull Run Crypto Picks: Top 4 Coins Every Crypto Investor Should Have appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

Bull Run Crypto Picks: Top 4 Coins Every Crypto Investor Should Have

While Toncoin (TON) clings to stability, barely holding above $5, and Polygon (MATIC) faces a price plunge amid a volatile market, BlockDAG shines with innovation and equity in crypto investments. Solidifying its position with a $22.4 million raised in its ongoing presale, with analysts predicting a 30,000x ROI potential, BlockDAG has introduced a 4-month vesting The post BlockDAG’s Vesting Period & 30,000x ROI Potential Captivate Investors Amid Polygon’s Price Instability & Toncoin’s Constancy appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

BlockDAG’s Vesting Period & 30,000x ROI Potential Captivate Investors Amid Polygon’s Price Instability & Toncoin’s Constancy

In the bustling realm of cryptocurrencies, a trio of contenders is galloping toward a significant

XRP, MATIC and CYBRO Aim for $1: Which Altcoin Will Reach This Milestone First?

BlockDAG Now Accepts Payment In SOL, MATIC, KAS & 7 Other Coins Amidst Shiba Inu’s New Blockchain Launch & Bullish Cosmos Price Projections Amid the dynamic developments in the crypto landscape, BlockDAG is capturing attention by adding ten new payment options, coinciding with significant developments in the Shiba Inu ecosystem

Top crypto gainers: BDAG; Shiba Inu ecosystems & Cosmos Predictions

One widely followed crypto analyst is warning Ethereum (ETH) traders that an ETH exchange-traded fund (ETF) approval from the U.S. Securities and Exchanges Commission (SEC) is unlikely to happen soon. Crypto trader Michaël van de Poppe tells his 715,800 followers on the social media platform X that traders may have to wait a little longer for an ETH ETF. The post Here’s Why One Crypto Analyst Doesn’t Think an Ethereum ETF Will Get Approval Despite ‘Altcoin Bull Market’ appeared first on The Daily Hodl .

Here’s Why One Crypto Analyst Doesn’t Think an Ethereum ETF Will Get Approval Despite ‘Altcoin Bull Market’

Key Takeaways Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts are eagerly anticipating the future valuation of its native cryptocurrency, MATIC. This raises the question: Can MATIC price reach $10? This forecast for Polygon’s price examines factors such

Polygon Price Prediction 2024-2030: Is MATIC Going Past $10 Soon?

Solana surpassed both Polygon and Tron in terms of transaction volume, but...

MATIC.X Polygon

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