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WTI crude oil prices remains on the front foot for the third consecutive day, edging high around $110.35 during early Monday morning in Europe. In doing so, the black gold extends the previous day’s upside break of the 50-HMA to rise past the one-week-old descending trend line.
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Cryptocurrency like Bitcoin have often been called an excellent inflation hedge and a store of value. So, as inflation continues to rise, where do cryptocurrencies and inflation cross paths? Cryptocurrencies as investments are attractive for several reasons.
ApeCoin price still shows reason to believe in lower targets before the next bull run occurs. ApeCoin price shows reasons to believe in a jaw-dropping $2.00 target. If market conditions persist, the bears could break the $8.50 support zone and begin a deadly decline in free-fall fashion.
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Cardano price action is in a tough spot for bulls. Yesterday’s close above the Tenkan-Sen was the first close above that Ichimoku level since April 4, 2022. Unfortunately for bulls, bears have taken clear control during the Friday session and have returned ADA below the Tenkan-Sen and close to yesterday’s open.
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