⚪️ Elon Musk is accused of Dogecoin price manipulation, a claim that has landed him in an insider trading lawsuit. The class action comes as DOGE investors claim to have suffered billions of dollars in losses. April's temporary Twitter logo switch features among the accusations, with Musk accused of up to 36,000% pump-crash. This comes days after the Wahi brothers were released from a similar case by the SEC. Source: fxstreet.com
⚪️ Bitcoin price is consolidating above the $26,500 support. BTC could decline heavily if there is a clear move below the $26,500 support. There is a key bearish trend line forming with resistance near $27,220 on the hourly chart of the BTC/USD pair. The pair could correct higher, but upsides might be contained above the $27,500 resistance. Source: newsbtc.com
🟢 Litecoin price is close to breaching the barrier at the $102 mark. Over the last 48 hours, transactions in losses have increased, indicating a potential buying signal. A chunk of the supply has moved from the whales to investors over the last month as investors accumulate ahead of the upcoming halving. Source: fxstreet.com
⚪️ Avalanche protocol’s DeFi head said in a recent interview that risk is mounting with a concentration of DeFi activity in Ethereum Layer-2 solutions. An attack on Ethereum Layer-1 could impact all on-chain systems and assets on Layer-2 solutions. Luigi DeMeo believes the war for dominance among Layer-1 solutions is on and Avalanche is competing with Ethereum. Source: fxstreet.com
🟢 Ethereum price started a decent increase above the $1,870 resistance against the US Dollar. ETH could attempt an upside break above the key $1,920 resistance. There was a break above a key bearish trend line with resistance near $1,870 on the hourly chart of ETH/USD. The pair could start a strong increase if it clears the $1,880 and $1,900 resistance levels. Source: newsbtc.com
Copyright © 2023 – All rights reserved.
NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange | WKN: A161NR | ISIN: DE000A161NR7.
The website is owned by The NAGA Group AG and operated by NAGA Capital Ltd which is authorised and regulated by the Financial Services Authority Seychelles (FSA) under licence No. SD026. The registered address of CT House, Office 9A, 2nd Floor, Providence, Mahe, Seychelles.
The group also includes NAGA Global (CY) Ltd, with registered address at Eurosure Tower, 3rd floor, 2112 Nicosia, Cyprus. NAGA Global (CY) Ltd is wholly owned by The NAGA Group AG.
RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. This is not investment advice. Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the Lead Traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
Restricted countries: NAGA Capital Ltd does not provide services for the residents of certain countries, such as Afghanistan, Albania, American Samoa, Anguilla, Australia, Austria, Barbados, Belarus, Belgium, Benin, Bermuda, British Indian Ocean Territory, Bulgaria, Burkina Faso, Canada, Cayman Islands, Central African Republic, China, Christmas Island, Cocos (Keeling) Islands, Congo, Congo, The Democratic Republic of the, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Falkland Islands (Malvinas), Finland, France, Germany, Gibraltar, Greece, Guam, Haiti, Heard Island and McDonald Islands, Hungary, Iceland, Iran, Islamic Republic of, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Korea, Democratic People's Republic of, Latvia, Libyan Arab Jamahiriya, Liechtenstein, Lithuania, Luxembourg, Mali, Malta, Montserrat, Mozambique, Myanmar, Netherlands, New Zealand, Norfolk Island, Norway, Palestinian Territory, Occupied, Pitcairn, Poland, Portugal, Romania, Russian Federation, Saint Helena, Ascension and Tristan Da Cunha, San Marino, Senegal, Serbia, Slovakia, Slovenia, Somalia, South Georgia and the South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sweden, Switzerland, Syrian Arab Republic, Trinidad and Tobago, Tunisia, Turks and Caicos Islands, Uganda, Ukraine, United Kingdom and any other countries where the citizens have British proof of identity (i.e. British Virgin Island, Gibraltar, Isle of Man etc.), United States, U.S. Minor Islands, Vanuatu, Virgin Islands, British, Virgin Islands, U.S., Yemen, and Zimbabwe.