// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> SSV Network price forms 2 extremely bearish patterns – CoinsMegaNews

SSV Network price forms 2 extremely bearish patterns

3 years ago CryptoExpert
SSV Network price forms 2 extremely bearish patterns

[ad_1]

SSV Network is a fast-growing provider of liquid staking infrastructure.

The developers launched a $50 million ecosystem growth fund.

It has formed a rising broadening wedge and a bearish engulfing pattern.

Liquid staking is doing well as investors wait for the upcoming Ethereum’s Shanghai upgrade. Lido DAO, the biggest liquid staking provider, has grown to become the biggest DeFi provider in the world. And SSV, a leading liquid staking infrastructure provider, has seen its token grow by more than 91% this year.

SSV launches ecosystem fund

SSV Network announced that it was launching a new $50 million ecosystem fund in a bid to grow its ecosystem. For starters, SSV does not offer liquid staking itself. Instead, it partners with staking providers like Lido to offer a distributed validator technology (DLT) solution. By so doing, most developers can focus on what they do best.

SSV Network said that the fund will go to developers working on the DVT technology. It comes a year after the developers launched a $3 million fund. It has distributed some of those funds to companies like Ankr, Stader, and Moonstake. SSV also allocated $10 million in 2022 as we wrote here. In a statement, the co-lead of SSV network said:

”Distributing Ethereum’s security layer has never been more important. The protocol is currently secured by a small group of companies that, when put together, control the entire Blockchain. DVT’s aim is to distribute Ethereum’s security by offering quick and easy access to an open-source public good.”

The major catalyst for the SSV token price will be the upcoming Shanghai upgrade that will let Ethereum holders be able to withdraw their staked coins. Another catalyst for the token will be SSV’s mainnet launch which will happen in the next few months. Its testnet is already up and running. It has 763 operators and 5,307 validators with 168,824 ETH staked. At the current price, the amount is worth over $260 million.

SSV crypto price forecast

SSV chart by TradingView

The 4H chart shows that the SSV Network price has been in a steady bullish trend in the past few months. However, a closer look shows that several bearish patterns have started forming. The token has formed a bearish engulfing pattern, which is usually a warning sign. Further, the token has formed an ascending broadening wedge pattern. In price action analysis, this pattern is also a bearish sign. 

Therefore, the outlook for SSV crypto price is bearish, with the next level to watch will be the lower side of the ascending wedge at $16. The trend invalidation point for this trade will be at this week’s high of $21.67.

How to buy SSV Network token

Share this articleCategories

[ad_2]

Source link

Tags:

More Stories

OKX launches public mainnet for its ZK-powered L2 network “X Layer”

OKX launches public mainnet for its ZK-powered L2 network “X Layer”

1 year ago CryptoExpert
Crypto funds register $126 million in outflows led by investor hesitancy

Crypto funds register $126 million in outflows led by investor hesitancy

1 year ago CryptoExpert
ORDI, Fantom, Aave prices lead losses as BitBot defies gravity

ORDI, Fantom, Aave prices lead losses as BitBot defies gravity

1 year ago CryptoExpert
ZachXBT Unmasks Frauds on Ethereum Layer-2 Networks

Fraud Syndicate Targets Ethereum Layer 2: Base, Blast, Arbitrum

1 year ago CryptoExpert
Crypto crashes result in $783 million in long liquidations in the last 24 hours

Crypto crashes result in $783 million in long liquidations in the last 24 hours

1 year ago CryptoExpert
Polygon (MATIC) Investor Skepticism Grows Ahead of Price Correction – What’s Next?

Here’s Why Polygon (MATIC) Price Faces a 35% Correction

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Best Online Gambling Establishment: An Overview to Enjoying Secure and Fair Gaming

1 day ago xtw18387208b

1 day ago xtw18387208b

Finest Online Gambling Enterprises That Approve Bitcoin Deposits

2 days ago xtw18387208b

2 days ago xtw18387208b