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The Ultima price soared 16% in the last week and almost 2% in the last 24 hours to trade at $22,468 as of 11:26 p.m. EST on trading volume that plunged 9% to $11.8 million. Ultima Price On A Sustained Uptrend The ULTIMA price weekly chart displays a strong bullish trend, marked by a classic parabolic curve pattern that has completed its breakout phase. A key feature of this chart is the breakout above the long-standing descending trendline (in blue), which previously acted as strong resistance. Additionally, the Ultima price has decisively breached the purple resistance zone around $9,455 which had been a critical supply area for months. This area may now serve as a strong support level, providing a potential floor for future price pullbacks. The 50-period Simple Moving Average (SMA) on the weekly chart is currently positioned at $6,751.13, significantly below the current price level. This wide gap indicates strong bullish momentum. Meanwhile, the Relative Strength Index (RSI) s...

The Maga Hat price plummeted over 37% in the last 24 hours to trade at $0.00008965 as traders shift their focus away from the political meme coin. The drop in the MAGA price follows Donald Trump’s US election victory yesterday. Although the broader crypto market cap surged, tokens linked to the incoming president collapsed. Maga Hat Price Consolidates After Losing A Key Support 4-hour chart for MAGA/USD (Source: GeckoTerminal ) The Maga Hat price lost the support of the technical safety net at $0.00012193 in the last 24 hours. Now, the political meme coin is hovering above the next key support at $0.00007139. MAGA remaining above this price point for the next 12 hours could lead to a rebound, and the Maga Hat price might then try to reclaim a position above $0.00012193. In a converse scenario, the Maga Hat price dropping below $0.00007139 could spell disaster for the political meme coin. Traders might end up panic selling, pushing MAGA down even more in the short term as ...

The median price for executing a transaction on the Ethereum blockchain has fallen to a 5-year low as the daily amount of ETH burned also took a plunge. Ethereum’s median gas fees dropped to 1.9 gwei on Aug. 10, according to data from Dune Analytics . This is the lowest cost since mid 2019, and is also a 98% drop from the 83.1 gwei year-to-date high that was sent in March. Layer-2 Networks Process Far More Transactions Than Base Ethereum Chain Activity on layer-2 networks has been far more than that on the main Ethereum mainnet. Data from L2BEAT shows that Coinbase’s layer-2 chain, Base, processed over 109 million transactions throughout the past 30 days. This is substantially more than the 33 million transactions that the Ethereum mainnet facilitated during the same period. The number of transactions on Ethereum also dropped more than 5% in the past week. In contrast, Base’s transaction count rose over 9% in the last 7 days. Basefee right now at a multi year ...