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XLM has a risk of losses of 12%

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Stellar Lumens (XLM) price was at risk of further losses on Friday as it saw a complete reversal of all the gains made on November 10th. Even with the news of the partnership with the United Nations High Commissioner for Refugees, sentiment around Stellar’s price continued to sour.

Excellent partners with the United Nations to distribute cash to war-affected Ukrainians

The United Nations High Commissioner for Refugees (UNHCR), the arm of the United Nations responsible for aiding and protecting refugees, has launched a blockchain-based cash distribution system that aims to provide funds to Ukrainians affected by the ongoing war with Russia.

According to press release Dec. 15 Release Sponsored by the Stellar Development Foundation (SDF), the program is being piloted in Kyiv, Liv and Venezia, the three largest Ukrainian cities to which many people have moved after their homes were destroyed by the war. UNHCR, the UN Refugee Agency, is responsible for ensuring that only eligible persons are enrolled in the program and for the efficient allocation of assistance.

Aid will be distributed throughUgh vibranta Stellar-based non-custodial mobile crypto wallet that provides a safe place to keep and transfer funds in USDC, one of the best dollar-pegged stablecoins.

Upon receiving USDC, the recipient has the option to convert it into USD, Euros or the local currency and access their funds at thousands of MoneyGram locations around the world.

The program is in partnership with the United Nations International Computing Center (UNICC), which acts as a technology solutions provider, and will usestellar help assistant, a excellentA blockchain-based product that allows users to send money instantly and securely on the blockchain.

UNHCR Representative in Ukraine Karolina Lindholm Pelling said she was excited that the humanitarian agency and The SDF chose Ukraine for this launch, and we look forward to it expand it beyond this beta version.” According to Lindholm Billing:

Ukraine is a global leader in developing technical solutions to increase access to social protection, including assistance for the displaced. … [Therefore it is] Necessary [for the UNHCR] To provide people with a range of options for receiving aid, as one size does not fit all. Programs should be designed with the people they are meant to serve at the center…. So [they] It could benefit several thousand people who need help…”

Denil Dixon, CEO and CEO of the Stellar Development Foundation, said the collaboration was a fulfillment of the promise that blockchain technology had for efficient distribution of aid globally, adding:

“With Stellar, we help get money into the hands of those who need it – and we do so quickly, transparently and without the need for bank accounts, credit or debit cards. We are proud to be working with UNHCR to deploy blockchain innovations that will play a role in helping those in crisis.”

In general, Stellar investors seemed unsure of the positive impact that Stellar-Commission cooperation might bring. There are still negative feelings about the token.

The stellar price is staring at further declines to $0.07

XLM recently consolidated the support at $0.082, forming the x-axis of a descending triangle. The descending trend line, as observed on the daily chart (below), has been suppressing Stellar price for more than a month. On Thursday, the international payments token breached the aforementioned support paving the way for a downward spiral to $0.069.

Descending triangles are highly bearish technical formations that feature precise breakout targets equal to the distance from the highest to the lowest point. The same chart showed that the psychological level of $0.085 was discouraging Stellar price from pushing for an immediate recovery.

XLM/USD daily chart

Chart view: XLM / USD

In addition, the Directional Movement Index (DMI) showed that the sellers’ hold on XLM was strong. The negative trend line (-D1) at 28 was much higher than the positive trend line (+D1) at 6. This indicated that the downtrend was very strong.

Furthermore it, The moving averages were pointing down, indicating that the market is still biased to the downside. The Relative Strength Index (RSI) was also moving lower and was about to enter the oversold territory. Price strength at 31 strengthened bears’ hold on Stellar, adding credence to the bearish thesis.

On the flip side, things could take a turn if news of the Commission’s cooperation becomes clearer and oversold conditions begin, giving XLM price a spark to rally.

In such a situation, $0.08 could be recovered, with buyers quickly reaching $0.085, which would simply offset the losses recorded over the past four days. Another rally could see a breach of $0.092, which is held by the 50-day SMA, which confirms the start of an upward trend.

New codes with promising rewards

The Stellar Lumens token may soon present a buying opportunity before a recovery, as noted by the RSI movement. However, current market conditions remain grim as FTX infections continue to spread in the market. As such, investors may be interested in checking out tokens in their pre-sale phases and with pool potential, such as Fightout (FGHT) and Calvaria (RIA).

Fightout (FGHT) – In early stages of pre-sale

Fightout is a new Action to Earn (M2E) project designed to take Web3 fitness to another level. The Fightout blockchain project integrates all fitness routines into the M2E economy, allowing you to “train the way you want and earn from it.”

With Fightout’s Move-to-Ear app, the NFT requirement is removed to use the platform bridging the gap between the virtual and real worlds by bringing M2E in mechanics into real-world gyms.

FGHT is the native token of the network and has just been offered as a pre-offer at a reasonable price of $0.01665002 per token.

As a result, FightOut raised $1.7 million in the private sale alone, with $1 million raised in just 24 hours.

As it stands, FightOut comes off as one of the great pre-sale success stories of 2022. More is expected from the team in 2023.

Visit Fightout here

Calvaria (RIA)

RIA is one of the best playable (P2E) cryptocurrencies for blockchain gaming enthusiasts. The original code for Calvaria: Duels of Eternity is RIA. The game, which takes place in the metaverse with an afterlife theme, aims to help traders purchase non-fungible token (NFT) trading cards.

Players can build strategies to help them win battles directly. The platform’s token, RIA, enables NFT purchases and other internal transactions.

RIA is currently in the pre-sale phase and the project team has so far raised $2.45 million and is now in the fifth and final phase of the pre-sale with only 13% of the tokens left. With the RIA presale over, go to calvaria.io to take part.

Visit Calvaria here

Read more:

FightOut (FGHT) – the latest money-making project

symbolic fight
  • The early stage pre-sale is now live
  • Earn free crypto and learn about your fitness goals
  • KYC verified by CoinSniper
  • LBank Labs project
  • Partnership with Transac Block Media
  • Staking bonuses and rewards

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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