A Daily Outlook; July 12, 2022

Top Headlines on Digital Currency:

  • The number of non-zero wallets on Ethereum has set a new record high.
  • Many Terra-based projects have been searching for a new home following the infamous collapse of the Terra ecosystem. As per reports, around 48 projects built on Terra have migrated to Polygon.
  • The world’s largest digital currency asset manager had altcoins like Cardano, Solana and Polkadot as its top smart contract platform holdings.
  • The XRP Ledger (XRPL) now has a testnet offering smart contracts.
  • The growth rate of cryptocurrency ATM installations have decreased significantly by over 32% this year.

Source: ambcrypto

Technical View:

  • The BTC trades marginally lower on Tuesday and slips back below $20,000 mark.
  • The pair made intraday high at $20,036 and low at $19,701 mark.
  • Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $20,400 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $19,500 on H1 chart requires for the downside rally.
$19,500 $20,400
$19,100 $20,800
$18,750 $21,200
$18,100 $$21,900
$17,500 $22,300


Take a look and do trade wisely!
Good Luck