Crypto.com price predictions to the upside could receive a boost if the latest upgrades to the payment channels attract more trading action to the exchange.
The exchange says it has partnered with Silvergate Exchange Network to offer global USD deposits and withdrawals. This new feature would allow deposits and withdrawal transactions to be conducted in US Dollars. Silvergate would convert fiat to crypto using the active exchange rate before funds shift between the exchange and the clients’ accounts.
The new USD conversion service is geared towards institutional clients in all the exchange’s markets. This marks another milestone in a year filled with partnerships. The company’s brand features in the VAR and goal-line technology in the Italian Serie A soccer league. It has also purchased the naming rights to the Staples Centre, home venue for the LA Lakers and LA Clippers for the next 20 years.
The emerging falling wedge makes a case for the return to the upside, which could follow a bounce on the support zone between 0.6419 and 0.6793. This bounce allows the bulls to aim for the 0.7616 and 0.8212 resistance zones if the wedge pattern’s break is completed.
On the other hand, the bears would need to break down the support zone to nullify the pattern, which opens the door for a push towards 0.5806. 0.4883 and 0.4224 are additional price targets to the south if the corrective decline is more extensive.
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This post was last modified on Nov 30, 2021, 17:34 GMT 17:34