Summary:
- Most of crypto markets have settled down this week following the last week declines
- EOS is stuck in a bullish channel
- IOTABTC keeps rising
Most of cryptocurrencies saw noticeable declines last week. On the other hand, most of them have been moving nowhere so far this week as no major revelations have come in. It’s also worth noting that Bitcoin has fallen below $8k this week but it then has managed to recover above this line.
EOS is moving within the bullish channel between $2.6 and $3.06. Note that bulls may face some difficulties nearby the 50DMA. On the other hand, if they break above this line, they may go toward $3.14. Source: xStation5
Looking at the IOTABTC chart one may notice quite the encouraging bullish trend. The instrument is currently testing its important trend line. Once bulls keep control, a move toward $0.352 could be on the cards. Otherwise, one may count on a pullback toward $0.295. Source: xStation5
Crypto news:
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Equipment used in crypto mining worth $10 million was devastated due to a fire in a Chinese crypto mine
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Tim Cook, executive director of Apple, said that the company did not intend to create its cryptocurrency
Bitcoin faces a key test as ETFs sell. A summer crypto bear market ahead?
Bitcoin slips to $76k reaching the lowest level since the May 1
Daily Summary: Wall Street Under Pressure Ahead of Nvidia Earnings and Gulf Tensions
Chart of the day: Bitcoin (18.05.2026)
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