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July 12, 2022

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.

SUPPORTS	RESISTANCES
$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

TP Global FX Research Team

With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills

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