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27 11, 2024

Euro could extend recovery once it stabilizes above 1.0520

By |2024-11-27T12:37:29+02:00November 27, 2024|Forex News, News|0 Comments

  • EUR/USD trades in a narrow channel following Tuesday’s indecisive action.
  • The US economic calendar will feature several high-impact data releases.
  • The pair could extend its recovery once it clears 1.0520 resistance.

EUR/USD failed to make a decisive move in either direction on Tuesday and closed the day virtually unchanged slightly below 1.0500. The pair moves sideways in a narrow channel early Wednesday as investors await macroeconomic data releases from the US.

Euro PRICE This week

The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the strongest against the Australian Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.77% -0.47% -1.40% 0.72% 0.25% -0.42% -0.81%
EUR 0.77%   0.13% -1.23% 0.89% 0.95% -0.23% -0.62%
GBP 0.47% -0.13%   -1.34% 0.76% 0.81% -0.36% -0.76%
JPY 1.40% 1.23% 1.34%   2.15% 2.10% 1.05% 0.78%
CAD -0.72% -0.89% -0.76% -2.15%   -0.32% -1.11% -1.54%
AUD -0.25% -0.95% -0.81% -2.10% 0.32%   -1.16% -1.55%
NZD 0.42% 0.23% 0.36% -1.05% 1.11% 1.16%   -0.40%
CHF 0.81% 0.62% 0.76% -0.78% 1.54% 1.55% 0.40%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

After dipping below 1.0450 on Tuesday, EUR/USD recovered its losses in the American session as the mixed data from the US and the modest improvement seen in risk mood made it difficult for the US Dollar (USD) to find demand.

Later in the day, the US Bureau of Economic Analysis will publish its second estimate of the annualized Gross Domestic Product (GDP) growth for the third quarter and release the Personal Consumption Expenditures (PCE) Price Index data, the Federal Reserve’s (Fed) preferred gauge of inflation, for October.

Investors expect the core PCE Price Index to rise 0.3% on a monthly basis to match September’s increase. A reading at or above the market expectation could support the USD with the immediate reaction. On the other hand, a print below analysts’ estimate could weigh on the USD and help EUR/USD push higher.

Ahead of the Thanksgiving holiday, the US economic calendar will feature other important data releases as well, making it difficult for market participants to assess the impact of these data on the USD’s valuation. The US Department of Labor will publish the weekly Initial Jobless Claims alongside the US Census Bureau’s Durable Goods Orders figures for October.

EUR/USD Technical Analysis

EUR/USD faces first resistance at 1.0520, where the upper limit of the descending regression channel meets the 50-period Simple Moving Average (SMA). In case the pair rises above this level and starts using it as support, 1.0570 (static level) could be seen as next hurdle before 1.0600 (100-period SMA).

On the downside, immediate support is located at 1.0480 (20-period SMA) ahead of 1.0430 (mid-point of the descending channel) and 1.0400 (static level).

Euro FAQs

The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

 

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27 11, 2024

Cocoa, green tea can help in vascular functions

By |2024-11-27T12:36:16+02:00November 27, 2024|Dietary Supplements News, News|0 Comments


Others You

Cocoa, green tea can help in vascular functions
PTI

Nov 27, 2024 03:00 PM | UPDATED: Nov 26, 2024 11:19 PM | 10 min read

Cocoa or green tea could counter the negative effects of high-fat food which tend to worsen during times of stress, a new study has found.

Researchers said that food choices made while feeling stressed can influence how stress impacts heart health. The team from the University of Birmingham, UK, found that while high-fat foods can negatively affect the function of blood vessels and oxygen reaching the brain, flavanol-rich cocoa and green tea can protect vascular function (vessels) during periods of everyday stress. “We took a group of young healthy adults and gave them two butter croissants with 10 grams salted butter, 1.5 slices of cheddar cheese and 250 millilitres whole milk as breakfast and either a high-flavanol cocoa or a low-flavanol cocoa drink,” first author Rosalind Baynham, University of Birmingham, explained.

“Following (an eight minute-long) rest period, we asked the participants to complete a mental maths test which increased in speed for eight minutes, alerting them when they got an answer wrong,” Baynham said. During the resting period and the maths test, blood flow in the forearm, cardiovascular activity and oxygen reaching the brain’s prefrontal cortex was measured. “We also measured vascular function using Brachial Flow-mediated dilatation (FMD), which is a prognostic measure for future risk of cardiovascular disease. This stress task induced significant increases in heart rate and blood pressure, similar to the stress you may encounter in daily life,” Baynham said.
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The team found that consuming fatty foods with the low-flavanol drink when mentally stressed reduced vascular function and lasted up to 90 minutes after the stressful event was over. The findings also showed that the high-in-flavanols cocoa drink was effective at preventing the decline in vascular function following stress and fat consumption. The researchers had previously found that high-fat foods weakened the delivery of oxygen to the brain, during stress.

However, cocoa flavanols did not improve oxygen levels in brain or impact one’s mood, the researchers said. “This research shows that drinking or eating a food high in flavanols can be used as a strategy to mitigate some of the impact of poorer food choices on the vascular system. This can help us make more informed decisions about what we eat and drink during stressful periods,” said author Catarina Rendeiro, an AP of nutritional sciences at the University of Birmingham.



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27 11, 2024

XRP Price Prediction: Short-term recovery with $1.50

By |2024-11-27T12:33:20+02:00November 27, 2024|Crypto News, News|0 Comments

XRP price has been on a decline for the last four days, mirroring the wider crypto market trajectory as profit-taking exerts downward pressure, News.az reports citing InvestingCube .

The asset traded at $1.35 at the time of writing, down by 2.7% on the daily chart. Notably, it spiked to three-and-a-half year highs of $1.63 on Saturday, but never quite settled in the $1.50 territory. Consequently, that level has emerged as a key barrier en route to the $2 mark.

A return to $1.500 mark would mean a 10% rise by XRP from its current level. A key warning sign to that move is the rise in trading volume in during the recent decline. A rise in the daily traded volume alongside dropping prices signals strengthening downward momentum.



However, the trend seems to be shifting, as CoinMarketCap data shows a drop in the traded volume by 13.8% in the last 24 hours. That could provide support XRP price by slowing down the rate of the decline. Meanwhile, Cryptoquant shows that XRP exchange reserve has been on the downward trajectory in the past seven days and is down by 1 percent in the last 24 hours. A decline in the exchange reserve shows reduction in selling pressure, which typically provides tailwinds to the price.

XRP price prediction: A Return to $1.400 In the Near-term

News about - XRP Price Prediction: Short-term recovery with $1.50

XRP price pivots at $1.369 and the momentum signals the buyers are in control. With The upward momentum is likely to push the price higher to meet the first resistance at $1.400. However, extended bullish control will breach that barrier and potentially test $1.430.

Alternatively, moving below $1.33 will signal the onset of bearish control. With the sellers in control, the price could move lower to find initial support at $1.345. However, a stronger bearishness could break below that level, invalidating the upside narrative. Also, the momentum could extend losses and test the second support at $1.29.

News.Az 



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27 11, 2024

Immutable (IMX)’s GG: Survivor Quest Unveils New Rewards in Web3 Gaming

By |2024-11-27T11:58:08+02:00November 27, 2024|News, NFT News|0 Comments




Terrill Dicki
Nov 27, 2024 08:42

Discover the GG: Survivor Quest on Immutable (IMX), offering new rewards and gameplay experiences in Web3 gaming. Launched on Telegram, it introduces unique incentives through OVERTAKE’s GameFest.





Immutable (IMX) has officially launched the GG: Survivor Quest, a new survival-action shooter game developed by OVERTAKE. This game marks a significant milestone as it becomes the first to be launched directly on Telegram via the Immutable Passport, enhancing accessibility and integration for players, as reported by immutable.com.

Experience OVERTAKE GameFest Rewards

The debut of GG: Survivor coincides with the introduction of OVERTAKE’s GameFest rewards program. This initiative promises a comprehensive roadmap of incentives across upcoming titles such as Somnis: Rumble Rush, an RTS game set in a dreamscape universe, and The Red One: Occultation, a high-stakes extraction shooter.

GameFest introduces multi-phase rewards that include Proof of Participation (POP) badges and leaderboard competitions, designed to enrich the player experience. Players can also engage with a unique gacha system, offering chances to win rare in-game items, NFTs, and additional rewards.

How to Play and Earn

Players can dive into the action on the Immutable platform before the quest concludes on December 20, 2023, at 00:00 UTC. Participation involves visiting the GG: Survivor on Immutable, engaging in intense gameplay, and completing in-game objectives to earn Immutable Gems and other rewards.

  1. Visit the Game: Access GG: Survivor on Immutable and start playing.
  2. Compete and Collect: Engage in gameplay to fend off waves of monsters and gather resources.
  3. Earn Rewards: Complete challenges to earn rewards.

Join the Action Today

With GG: Survivor, players are invited to rise as the ultimate Guardian. This game sets a dynamic precedent for the future of web3 gaming, offering a glimpse into the immersive experiences that Immutable aims to deliver.

Image source: Shutterstock




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27 11, 2024

Falls toward 159.50 near descending channel’s lower boundary

By |2024-11-27T10:36:52+02:00November 27, 2024|Forex News, News|0 Comments

  • The EUR/JPY cross may depreciate further as the daily chart analysis suggests a prevailing bearish bias.
  • A corrective move could be indicated once the 14-day RSI falls below the 30 mark.
  • The primary support appears at the descending channel around the psychological level of 159.00.

EUR/JPY extends its losses for the second consecutive day, trading around 159.60 during the Asian hours on Wednesday. Technical analysis of the daily chart shows the pair is moving downwards within the descending channel pattern, suggesting an ongoing bearish bias.

Additionally, the 14-day Relative Strength Index (RSI) is positioned slightly below the 30 level, confirming the bearish sentiment for the EUR/JPY cross. A dip below the 30 mark would indicate an oversold situation and direct a corrective rebound.

In terms of support, the EUR/JPY cross may find primary support at the lower boundary of the descending channel around the psychological level of 159.00, followed by a two-month low of 158.10, recorded on September 30. A break below this level could strengthen the bearish sentiment and put downward pressure on the currency cross to navigate the area around its 11-month low of 154.41, which was recorded in December 2023.

On the upside, the EUR/JPY cross may approach to test the upper boundary of the descending channel near the nine-day Exponential Moving Average (EMA) at the 161.80 level, followed by the 14-day EMA at 162.43. A decisive breach above these levels would cause the emergence of the momentum shift from bearish to bullish and support the pair to re-test a four-month high of 166.69, a level last seen on October 31.

EUR/JPY: Daily Chart

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the New Zealand Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.02% -0.10% -0.46% 0.05% -0.21% -0.61% -0.14%
EUR -0.02%   -0.13% -0.46% 0.02% -0.24% -0.64% -0.14%
GBP 0.10% 0.13%   -0.36% 0.15% -0.11% -0.50% -0.04%
JPY 0.46% 0.46% 0.36%   0.49% 0.23% -0.17% 0.31%
CAD -0.05% -0.02% -0.15% -0.49%   -0.26% -0.68% -0.18%
AUD 0.21% 0.24% 0.11% -0.23% 0.26%   -0.40% 0.09%
NZD 0.61% 0.64% 0.50% 0.17% 0.68% 0.40%   0.47%
CHF 0.14% 0.14% 0.04% -0.31% 0.18% -0.09% -0.47%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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27 11, 2024

Liver Health Supplements Market Size, Share

By |2024-11-27T10:35:30+02:00November 27, 2024|Dietary Supplements News, News|0 Comments


Report Overview

The Global Liver Health Supplements Market size is expected to be worth around USD 13.6 Bn by 2033, from USD 7.9 Bn in 2023, growing at a CAGR of 5.6% during the forecast period from 2024 to 2033.

Liver health supplements are specifically designed to support liver function and overall health. These dietary supplements typically combine a variety of ingredients, including vitamins, minerals, and herbal extracts, that are believed to have beneficial effects on the liver.

Common ingredients include milk thistle, which contains silymarin, a compound known for its antioxidant and anti-inflammatory properties that help protect liver cells. Another popular ingredient is artichoke leaf, which helps stimulate bile production, aiding digestion and the removal of toxins.

Additionally, turmeric—specifically its active compound curcumin—is used for its potent anti-inflammatory effects, which can contribute to liver health by reducing inflammation and promoting detoxification.

Liver Health Supplements Market Size, Share

The need for effective liver health solutions is highlighted by the prevalence of liver-related conditions. According to the American Liver Foundation, fatty liver disease affects between 90% to 100% of heavy drinkers, underscoring the critical demand for liver support products.

Chronic liver diseases, including cirrhosis, are responsible for approximately 2 million deaths annually, with cirrhosis being the 11th leading cause of death globally. This growing health concern is reflected in the market growth for liver health supplements. The U.S. market for liver health supplements is projected to reach USD 1.2 billion by 2034, growing at a CAGR of 3.1% during this period.

The demand for liver health supplements is also influencing the global market dynamics. North America is expected to account for over 40% of the global market revenue in 2024, which is valued at approximately USD 4.1 billion.

This growth is driven by rising consumer awareness of liver health and the increasing popularity of natural ingredients like milk thistle and turmeric. Furthermore, U.S. exports of herbal supplements, including those used in liver health formulations, were valued at approximately USD 1.4 billion in 2022, indicating a strong global market for these products.

Investment in research and development has also surged, with companies allocating over USD 200 million annually to innovate and improve liver health supplement formulations.

Key Takeaways

  • Liver Health Supplements Market size is expected to be worth around USD 13.6 Bn by 2033, from USD 7.9 Bn in 2023, growing at a CAGR of 5.6%.
  • Capsules held a dominant market position in the liver health supplements market, capturing more than a 35% share.
  • Powder held a dominant market position in the liver health supplements market, capturing more than a 64.1% share.
  • Conventional liver health supplements held a dominant market position, capturing more than a 59.2% share.
  • Vitamins held a dominant market position in the liver health supplements market, capturing more than a 37.2% share.
  • Hospitals held a dominant market position in the liver health supplements market, capturing more than a 37.2% share.
  • Supermarkets/Hypermarkets held a dominant market position in the liver health supplements market, capturing more than a 44.3% share.
  • North America held a dominant position in the global liver health supplements market, capturing more than 39% of the market share, with a market value of approximately USD 3.1 billion.

By Dosage Form

In 2023, Capsules held a dominant market position in the liver health supplements market, capturing more than a 35% share. Capsules are widely preferred by consumers due to their convenience, ease of consumption, and longer shelf life compared to other forms.

They also allow for precise dosing, making them a popular choice for those seeking reliable and standardized liver health support. The demand for capsules has been particularly strong in North America and Europe, where consumers value the efficiency and portability of capsule-based supplements.

Tablets followed as the second most popular dosage form, holding around 30% of the market in 2023. Tablets are favored for their cost-effectiveness and widespread availability in both pharmacy chains and online retailers.

Their solid, compact form ensures long-lasting stability and ease of storage, making them a practical option for consumers who purchase liver health supplements in bulk. While tablets are also convenient, their slower dissolution rate compared to capsules has led some consumers to opt for the latter.

Liquids represented a smaller portion of the market, capturing approximately 15% in 2023. Liquid supplements are generally preferred by individuals who have difficulty swallowing pills or capsules. Additionally, liquid forms are quickly absorbed by the body, offering faster onset of effects.

They are commonly used in children’s supplements or for consumers seeking natural, herbal liver health solutions. However, their lower shelf life and need for careful storage limit their widespread adoption.

Powders and other dosage forms, including soft gels and gummies, accounted for the remaining 20% of the market. Powders are often chosen for their flexibility in dosing, especially in health-conscious communities where consumers prefer to mix supplements with smoothies or shakes.

Although they offer customization, powders are less convenient for on-the-go use compared to capsules or tablets. The gummies segment, while growing, still represents a niche in the liver health supplement market, appealing primarily to younger consumers and those seeking a more enjoyable supplement-taking experience.

By Form

In 2023, Powder held a dominant market position in the liver health supplements market, capturing more than a 64.1% share. Powdered supplements are widely popular due to their versatility and ease of use. They are typically favored by consumers who prefer to mix their supplements into drinks, smoothies, or shakes.

Powders also allow for flexible dosing, enabling consumers to adjust the amount according to their specific needs. Additionally, powdered forms tend to have a longer shelf life and better absorption rates, contributing to their strong market presence. This form is particularly popular among health-conscious individuals and athletes who incorporate liver health supplements into their daily routines for detoxification or overall wellness.

Liquids, while accounting for a smaller market share of around 35.9% in 2023, are also gaining popularity. Liquid supplements are valued for their fast absorption rates, as they do not need to be digested and are rapidly absorbed into the bloodstream. This makes them an appealing option for those seeking immediate effects.

Liquid formulations are also often preferred by consumers who have difficulty swallowing pills or powders. In addition, liquid liver health supplements are commonly used in combination with other herbal or nutritional ingredients, enhancing their appeal in the growing natural health and wellness trend.

By Nature

In 2023, Conventional liver health supplements held a dominant market position, capturing more than a 59.2% share. Conventional supplements are widely used due to their cost-effectiveness and availability. These products often contain a blend of synthetic and naturally sourced ingredients that are scientifically proven to support liver health.

The ease of mass production and lower price point compared to organic options make conventional supplements more accessible to a broader consumer base. As a result, conventional supplements remain popular across North America, Europe, and other regions with established healthcare infrastructure.

On the other hand, Organic liver health supplements accounted for approximately 40.8% of the market in 2023. The growing trend of organic products reflects increased consumer demand for natural, pesticide-free, and non-GMO ingredients.

Organic liver health supplements typically feature herbal extracts, such as milk thistle, dandelion, and turmeric, which are believed to offer liver detoxification and protection benefits without synthetic additives.

By Source

In 2023, Vitamins held a dominant market position in the liver health supplements market, capturing more than a 37.2% share. Vitamins, particularly Vitamin E and Vitamin C, are commonly used in liver health supplements due to their strong antioxidant properties, which help protect liver cells from oxidative stress and inflammation.

Vitamin E is particularly known for its ability to support liver function and reduce the risk of liver diseases like non-alcoholic fatty liver disease (NAFLD). As consumers increasingly seek supplements to boost their liver health and overall wellness, vitamin-based formulations remain a popular choice.

Minerals accounted for around 25.5% of the market share in 2023. Key minerals such as zinc, magnesium, and selenium are essential for liver detoxification and function. Zinc, for example, plays a crucial role in regulating the immune system and aiding liver cell regeneration. While the mineral segment is smaller than vitamins, it remains important due to the growing awareness of the role minerals play in overall metabolic health and liver support.

Botanicals made up approximately 30.8% of the market share in 2023. Botanicals, including popular ingredients like milk thistle, turmeric, and dandelion root, are favored for their natural, plant-based properties. These herbal ingredients are known for their detoxifying and liver-protecting effects, which have made them a central part of liver health supplements. As consumers continue to demand more natural and plant-based products, the botanical segment is expected to grow at a faster rate.

Liver Health Supplements Market ShareLiver Health Supplements Market Share

By End-Users

In 2023, Hospitals held a dominant market position in the liver health supplements market, capturing more than a 37.2% share. Hospitals play a crucial role in the treatment and management of liver diseases, and liver health supplements are often recommended as part of post-treatment care or liver disease management.

The demand for liver health supplements in hospitals is driven by the increasing incidence of liver-related conditions such as fatty liver disease, hepatitis, and cirrhosis. Hospitals are also increasingly integrating nutritional therapies into treatment plans, which include the use of liver health supplements to support liver function and improve recovery outcomes for patients.

Specialty Clinics accounted for approximately 29.5% of the market share in 2023. These clinics, which specialize in liver health and related disorders, represent a growing segment of the liver health supplements market.

As awareness of liver diseases rises, more patients are seeking specialized care for chronic liver conditions, leading to an increased demand for targeted supplements that can aid in detoxification and liver repair. Specialty clinics often provide personalized recommendations for liver health, making them an important end-user for liver health supplements.

Homecare usage was significant, capturing around 23.3% of the market in 2023. Many consumers are increasingly turning to liver health supplements as part of their daily wellness routines, often for detoxification or to manage mild liver conditions.

Homecare represents a growing trend in self-care, where individuals seek preventive health solutions outside of a clinical setting. The rising popularity of online retail and direct-to-consumer options has further boosted the accessibility of liver health supplements for home use.

By Distribution Channel

In 2023, Supermarkets/Hypermarkets held a dominant market position in the liver health supplements market, capturing more than a 44.3% share. These retail channels remain the most widely used distribution point for liver health supplements, largely due to their convenience and broad consumer reach.

Supermarkets and hypermarkets offer a wide range of products, making it easy for consumers to find liver health supplements alongside other health and wellness products. The presence of in-store promotions and the ability to see and compare various brands in person further enhance their appeal. Additionally, many consumers prefer purchasing supplements from physical stores where they can consult with pharmacists or store staff for recommendations.

Online Retailers accounted for around 32.1% of the market share in 2023. The growing preference for online shopping has been a key driver for the increasing sales of liver health supplements through digital platforms. Consumers appreciate the convenience of shopping from home, comparing prices, and reading customer reviews.

Major e-commerce platforms like Amazon, eBay, and dedicated health websites have become primary sources for liver health supplements. The ability to deliver directly to the consumer’s doorstep, along with subscription services, has made online retail an increasingly popular choice, particularly among tech-savvy and younger consumers.

Specialty Stores captured 18.4% of the market share in 2023. These stores, often dedicated to natural and health-focused products, cater to a niche but loyal customer base looking for high-quality, often organic, liver health supplements.

Specialty stores tend to offer more curated selections, including premium, herbal, and alternative formulations that appeal to consumers who prefer natural ingredients or have specific dietary preferences. These stores are particularly popular in regions with a strong wellness culture, such as North America and Europe.

Key Market Segments

By Dosage Form

  • Capsules
  • Tablets
  • Liquids
  • Powders
  • Others

By Form

By Nature

By Source

  • Vitamins
  • Minerals
  • Botanicals
  • Others

By End-Users

  • Hospitals
  • Specialty Clinics
  • Homecare
  • Others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Online Retailers
  • Specialty Stores
  • Others

Drivers

Increasing Prevalence of Liver Diseases and Health Awareness

One of the major driving factors behind the growth of the liver health supplements market is the rising prevalence of liver diseases globally, along with increasing consumer awareness about liver health and wellness. The World Health Organization (WHO) has highlighted that liver diseases are among the leading causes of morbidity and mortality worldwide.

According to the Global Health Data Exchange, liver disease-related deaths in 2020 accounted for over 2 million deaths globally, with chronic liver diseases like non-alcoholic fatty liver disease (NAFLD) and cirrhosis seeing significant increases. This growing disease burden has sparked greater interest in liver health supplements as preventive measures or adjuncts to traditional medical treatments.

As a result, consumers are increasingly turning to liver health supplements, which often contain natural ingredients like milk thistle, turmeric, and dandelion root, known for their detoxifying and liver-supporting properties. The demand for these products is further fueled by a rising focus on self-care and holistic health solutions.

According to a 2019 study by the American Liver Foundation, approximately 25% of the U.S. population has NAFLD, highlighting the growing need for effective liver health management options. As more people seek solutions to mitigate the risks of liver diseases, supplements are becoming a prominent part of preventive health routines.

Government Initiatives Supporting Liver Health

Governments worldwide are increasingly recognizing the importance of liver health, leading to various initiatives and policies aimed at raising awareness and promoting preventive healthcare. For instance, in the U.S., the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) has been actively involved in research and funding programs related to liver diseases, with a particular focus on early detection and lifestyle changes that can prevent liver damage.

In 2021, the U.S. government allocated approximately $30 million to support liver disease-related research and public health campaigns. This governmental backing encourages consumers to take a more proactive approach to their liver health, driving the demand for supplements that promote liver function.

Shift Towards Preventive Healthcare and Natural Supplements

Another key factor driving the demand for liver health supplements is the increasing consumer preference for preventive healthcare, as well as a shift towards natural and plant-based products. A growing body of research suggests that lifestyle factors such as poor diet, alcohol consumption, and obesity contribute significantly to liver damage, prompting many consumers to seek preventive solutions.

According to a 2022 survey by HealthLine, 62% of respondents stated that they are more likely to choose natural supplements over synthetic alternatives to support their health, especially in the context of liver and detoxification.

Restraints

Lack of Regulatory Oversight and Quality Control in the Liver Health Supplements Market

One of the major restraining factors for the liver health supplements market is the lack of consistent regulatory oversight and quality control. Unlike pharmaceuticals, dietary supplements, including liver health products, are not subject to the same rigorous testing and approval processes in many regions. This regulatory gap has led to concerns over product safety, efficacy, and consistency.

According to the U.S. Food and Drug Administration (FDA), while the agency monitors the safety of dietary supplements, it does not approve them before they are sold to consumers. The Dietary Supplement Health and Education Act (DSHEA) of 1994, which governs the U.S. supplement market, allows manufacturers to market their products without providing proof of safety or efficacy to the FDA. As a result, consumers may be exposed to liver health supplements that do not meet quality standards, which could potentially lead to adverse health effects.

Consumer Awareness and Skepticism Around Supplement Efficacy

A related restraining factor is consumer skepticism regarding the efficacy of liver health supplements. Many consumers remain uncertain about whether these supplements deliver the promised benefits or whether they are merely a placebo.

According to the National Institutes of Health (NIH), while certain supplements, such as milk thistle, have shown potential in supporting liver function, large-scale clinical studies are still limited. A 2021 study by the National Institute on Aging (NIA) found that out of the 67% of adults who reported using dietary supplements, only 29% expressed confidence that these products would lead to improved health outcomes.

Competing Alternatives and Consumer Preferences for Conventional Medicine

Another factor restraining the growth of the liver health supplements market is the strong preference for conventional medicine among certain consumer groups. Many individuals still rely heavily on prescribed medications and treatments from licensed healthcare providers for liver-related issues.

The use of liver health supplements as a complementary or alternative therapy is not always accepted by mainstream medical professionals. According to a 2018 survey by the American Medical Association (AMA), 56% of healthcare providers expressed skepticism about the effectiveness of dietary supplements for managing liver diseases, citing a lack of scientific backing for many claims.

Opportunity

Rising Consumer Demand for Preventive Healthcare and Natural Liver Support

According to a 2019 survey by the American Journal of Preventive Medicine, 68% of adults in the U.S. reported taking dietary supplements for preventive health, with liver health products being among the most commonly sought-after. This shift towards preventive care is particularly strong in regions such as North America, where lifestyle-related liver diseases like non-alcoholic fatty liver disease (NAFLD) and fatty liver disease are on the rise due to poor diets and sedentary lifestyles.

Additionally, there is increasing consumer preference for natural and organic supplements. According to a 2022 report from the Organic Trade Association, sales of organic dietary supplements in the U.S. grew by 9.2%, reaching a market value of USD 4.1 billion in 2022, driven by rising consumer awareness of the risks of synthetic additives and chemicals.

Government Initiatives Promoting Liver Health and Wellness

Governments across the globe are increasingly focused on liver health due to the growing burden of liver diseases. Many governments are implementing initiatives to raise awareness and encourage liver disease prevention, which creates a conducive environment for the growth of liver health supplements.

For example, the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) in the U.S. allocated USD 80 million in 2021 to fund liver disease research and public health programs, including initiatives to address non-alcoholic fatty liver disease (NAFLD).

As part of these efforts, the U.S. government is also promoting lifestyle changes to prevent liver diseases, encouraging the adoption of healthier diets and exercise routines. This focus on liver health prevention directly benefits the liver health supplements market, as more consumers seek supplements to complement lifestyle changes that support liver function.

Similarly, in Europe, the European Association for the Study of the Liver (EASL) has been actively raising awareness about liver diseases, particularly in light of the increasing prevalence of liver conditions like cirrhosis and liver cancer.

Expanding Market for Plant-Based and Vegan Liver Health Supplements

The rising popularity of plant-based and vegan diets is another significant growth opportunity for the liver health supplements market. According to the Plant Based Foods Association, the market for plant-based food products in the U.S. grew by 27% from 2020 to 2021, indicating a shift toward plant-based diets.

As more consumers embrace vegan and vegetarian lifestyles, there is an increasing demand for vegan liver health supplements made from plant-derived ingredients. These products are appealing to individuals who are looking for plant-based alternatives to support liver detoxification and health.

Vegan liver health supplements, which often contain ingredients like milk thistle, artichoke extract, and dandelion root, are becoming increasingly popular among health-conscious consumers who prioritize sustainable and cruelty-free products.

The global plant-based supplements market, which includes liver health products, is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030, according to Statista. This trend presents a key opportunity for companies to expand their product offerings to meet the rising demand for vegan liver health solutions.

Rising Demand in Emerging Markets

Emerging markets, particularly in Asia-Pacific (APAC) and Latin America, present untapped growth potential for liver health supplements. In India, liver diseases like hepatitis and NAFLD are becoming increasingly prevalent due to urbanization and changing dietary patterns.

According to the World Health Organization (WHO), the prevalence of hepatitis B and C in India is estimated to be around 3-4% of the population. This has led to a growing demand for liver health supplements in the region as consumers become more aware of liver diseases and seek preventive solutions.

Similarly, the Chinese market is witnessing a rise in liver health awareness, with reports suggesting that over 300 million people in China suffer from liver-related conditions. The growing middle class in these regions is also driving the adoption of health supplements as part of a broader wellness trend. As disposable incomes rise and consumer awareness improves, the liver health supplements market in APAC is expected to see significant growth in the coming years.

Trends

Rising Popularity of Natural and Plant-Based Liver Health Supplements

A major trend shaping the liver health supplements market is the increasing consumer preference for natural and plant-based solutions. As consumers become more health-conscious and environmentally aware, there is a clear shift toward supplements that contain organic and plant-derived ingredients.

According to the Organic Trade Association, organic food sales in the U.S. grew by 12.8% in 2020, with organic supplements representing a significant portion of this growth. This trend reflects a broader movement toward cleaner, plant-based products, which is now extending to liver health supplements.

Popular natural ingredients used in liver health supplements include milk thistle, dandelion root, artichoke extract, and turmeric. These ingredients are praised for their detoxification and liver-supporting properties. For instance, milk thistle has been shown to have protective effects on liver cells, and it remains one of the most commonly used herbs in liver health formulations.

The growing consumer trust in the efficacy of plant-based supplements is driving an uptick in demand for natural liver health products. The global market for plant-based supplements is expected to grow at a CAGR of 7.9% from 2023 to 2030, according to Statista, further emphasizing this shift.

This trend aligns with the broader shift toward clean label products, where consumers are increasingly seeking transparency in ingredient sourcing and formulation. The clean-label trend has contributed to a surge in demand for products that are free from artificial additives, preservatives, and synthetic chemicals.

In fact, a 2019 report by Mintel revealed that 71% of U.S. consumers prefer supplements that are free from artificial ingredients and contain natural, plant-based components. As awareness of the potential health risks associated with synthetic chemicals grows, more consumers are turning to natural alternatives for liver health.

Government Initiatives and Regulations Supporting Natural Products

Government initiatives and regulations are also supporting the growing demand for natural and organic liver health supplements. For example, the European Commission has been actively working to improve the transparency of food and dietary supplements, ensuring that they meet high safety and quality standards.

In 2020, the European Commission announced stricter regulations for herbal supplements, ensuring that only those with verified efficacy and safety could be marketed. This push towards regulation has provided a foundation for the growth of high-quality, natural liver health supplements, giving consumers greater confidence in these products.

In the U.S., the Food and Drug Administration (FDA) also regulates supplements, including those made with natural ingredients, to ensure they are safe and meet quality standards. Although the FDA does not pre-approve supplements before they are sold, it does monitor the market for unsafe or misleading products.

The growing focus on ensuring that plant-based liver health supplements are both effective and safe is encouraging further development in the market. Governments are also providing funding for research into the effectiveness of natural remedies, which is fueling innovation in the space. This trend is likely to continue, as consumers increasingly demand products that are both effective and in line with sustainable, plant-based lifestyles.

Integration of Liver Health Supplements in Holistic Wellness Programs

Another prominent trend is the integration of liver health supplements into broader wellness and lifestyle programs. As part of a growing awareness of the link between liver health and overall well-being, more consumers are adopting supplements as part of holistic wellness strategies.

According to a 2021 survey by the National Institutes of Health (NIH), more than 70% of adults reported using dietary supplements as part of their wellness routines, with liver health supplements ranking among the most popular. Consumers are increasingly seeking natural ways to support liver health, often in conjunction with other lifestyle choices such as diet, exercise, and stress management.

Liver health supplements are often marketed as part of detoxification programs or as aids to support liver regeneration. The increasing awareness of non-alcoholic fatty liver disease (NAFLD), a condition that affects 25% of the global population according to the World Health Organization (WHO), is driving this trend.

Liver health supplements, including milk thistle and turmeric, are often marketed as part of liver detox regimens aimed at combating the effects of an unhealthy diet or environmental toxins. This trend toward holistic health programs that integrate supplements with other health practices is expected to continue to drive market demand.

Regional Analysis

In 2023, North America held a dominant position in the global liver health supplements market, capturing more than 39% of the market share, with a market value of approximately USD 3.1 billion. This growth is primarily driven by the high awareness of liver health issues and increasing adoption of preventive healthcare measures.

The prevalence of liver diseases, such as non-alcoholic fatty liver disease (NAFLD) and alcoholic liver disease, is also a key factor. According to the American Liver Foundation, approximately 1 in 4 Americans are affected by NAFLD, which further boosts the demand for liver health supplements. Additionally, the U.S. and Canada are witnessing an increasing trend of consumers integrating liver detoxification and regeneration supplements, particularly those made from natural ingredients like milk thistle and turmeric, into their daily health regimens.

In Europe, the liver health supplements market is also expanding, driven by rising awareness of liver diseases and aging populations. The region accounted for 25% of the global market share in 2023.

European countries, particularly Germany and the UK, have seen an uptick in demand for herbal-based liver supplements, aligning with the region’s growing preference for natural and organic products. Moreover, the European Union’s strict regulations on food safety and supplement quality ensure a competitive and secure market environment for liver health products.

Asia Pacific (APAC), with a share of 18.5%, is witnessing rapid growth due to increasing liver disease prevalence and rising disposable incomes. Countries like China and India are experiencing a surge in the adoption of dietary supplements as part of a broader wellness movement. APAC’s expanding middle class and awareness campaigns are likely to contribute to future growth.

Latin America and Middle East & Africa collectively represent a smaller but growing portion of the market, with the demand for liver health supplements increasing due to greater consumer awareness and improving healthcare infrastructure.

Liver Health Supplements Market Regional AnalysisLiver Health Supplements Market Regional Analysis

Key Regions and Countries

  • North America
  • Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA

Key Players Analysis

The Liver Health Supplements Market is characterized by the presence of several prominent players, each contributing to the market’s expansion through innovative product offerings and strategic business activities. Key players such as America’s Finest Inc., Amway Corp., GNC, Blackmore, and Nature’s Bounty are leaders in the market, offering a wide range of liver health supplements, including herbal-based formulations, vitamins, and minerals.

Amway Corp. is particularly notable for its extensive product portfolio, including supplements like Nutrilite Liver Support, which helps support liver health through a blend of natural ingredients. GNC, with its large retail presence and robust e-commerce channels, continues to be a significant player, offering products like GNC Milk Thistle and other liver detoxification supplements.

Other notable players such as Gaia Herbs, Banyan Botanicals, and Himalaya Herbal Healthcare emphasize the use of plant-based and organic ingredients in their liver health supplements, aligning with the increasing consumer demand for natural and sustainable products.

Gaia Herbs offers products like Milk Thistle Supreme for liver support, which has become popular due to its high-quality herbal formulations. Meanwhile, Swisse Wellness and Now Foods continue to strengthen their position through product innovation and expanding their global reach. Sanofi and Nestlé (through their acquisition of Nature’s Bounty) represent larger pharmaceutical and food conglomerates that have made significant investments in the supplements space, further driving market consolidation.

In addition, companies such as Enzymedica, Irwin Naturals, and Jarrow Formulas, Inc. are known for their focus on advanced formulations, combining enzyme blends, antioxidants, and liver-supporting compounds like N-Acetyl Cysteine (NAC) and Turmeric to enhance liver health. These brands benefit from strong distribution networks across supermarkets, health food stores, and online platforms.

Top Key Players in the Market

  • America’s Finest Inc.
  • Amway Corp.
  • Balchem Corporation
  • Banyan Botanicals
  • Blackmore
  • Enzymedica
  • Enzymedica.
  • Gaia Herbs
  • GNC
  • Himalaya Herbal Healthcare
  • Integria Healthcare (Australia) Pty Ltd.
  • Irwin Naturals
  • Jarrow Formulas, Inc.
  • Nature’s Bounty
  • Nature’s Craft.
  • Nestle (Nature’s Bounty)
  • Now Foods
  • NUTRALife
  • Sanofi
  • Swisse Wellness PTY LTD
  • Thompson

Recent Developments

In 2023 America’s Finest Inc., they reported a 15% increase in revenue from liver health supplements, reflecting the growing consumer interest in preventative healthcare.

In 2023, Amway’s Nutrilite line contributed to 20% of the company’s overall supplement sales, reflecting its strong position in the market.

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27 11, 2024

Here’s How Much Dogecoin You Need to Make $1M if DOGE Hits $5 or $10

By |2024-11-27T10:32:23+02:00November 27, 2024|Crypto News, News|0 Comments

Investors could witness yields of up to $1 million if the ongoing Dogecoin rally allows the meme coin to reach price targets above the dollar mark.

The market is facing a slowdown to the current uptrend, with several assets facing major pullbacks. Dogecoin (DOGE) has not escaped the bearish pressure, currently down to $0.39 from the Highs of $0.47 on 23rd November.

Dogecoin Shows Potential Despite Current Pullback

Despite this retracement, Dogecoin still trades above $0.39 at press time, an 18-month high. The meme coin has demonstrated resilience against the bears, firmly maintaining the $0.40 support, as it aims to leverage this level as a springboard for the next rally.

Market analysts such as Ali Martinez had warned that the current market trajectory would also feature major corrections on the path to substantial price growth. Earlier in the month, Martinez warned of an impending correction after identifying sell signals across multiple timeframes.

However, shortly after, as DOGE witnessed its first major retracement to the ongoing rally, Martinez emphasized that the uptrend was still in place. Citing historical data, the analyst stressed that such pullbacks in previous cycles resulted in upsurges of 9,470% and 30,700%. 

Dogecoin Predicted to Hit $5 and $10

Notably, several market watchers expect Dogecoin to breach the $1 level in this bull run, a milestone that XRP and Cardano (ADA) have already reached. In January, before the latest upsurge, analyst Crypto Patel asserted that DOGE could not only surpass $1 but also rise to $5.

Meanwhile, Martinez also believes Dogecoin has the potential to breach $1, recently forecasting a rally to $2.4 or $18. Nonetheless, in a previous report last month, the analyst expressed confidence that DOGE was on track to claim a $10 price. 

The ambitious $5 and $10 price targets have captured the attention of Dogecoin holders, which have increased over the past month amid the ongoing rally. For context, IntoTheBlock data confirms that investors holding DOGE for less than a month have spiked 109.96% in the last 30 days to 224,950. 

Here’s How Much Dogecoin You Need to Make M if DOGE Hits  or
Dogecoin Holders by Time Held | IntoTheBlock

How Much Needed to Make $1M if DOGE Hits $5 or $10

These investors all have varying targets for their Dogecoin investments, with some anticipating returns of $1 million. This investment goal could materialize at a Dogecoin price of $5 or $10, depending on the initial capital invested.

At the $5 price, an investor would need to hold 200,000 DOGE tokens to sit on $1 million. Such an investor could procure these 200,000 tokens for $84,760 at the current price.

Further, those with greater optimism for Dogecoin’s potential could ride the wave to the $10 price target initially forecasted by Martinez. If DOGE hits the $10 level, those holding just 100,000 DOGE will boast $1 million investments. The 100,000 tokens are currently worth $42,380 at the prevailing price.

However, while such returns can be enticing, it is important to note that there is no guarantee Dogecoin will reach any of these price targets. While the meme coin shows potential, the extent of its growth will depend on several market factors, primarily demand.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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27 11, 2024

Bear Cross cautions XAU/USD buyers ahead of US inflation test

By |2024-11-27T09:53:37+02:00November 27, 2024|Forex News, News|0 Comments


  • Gold price looks to build on the previous recovery toward $2,650 early Wednesday.  
  • Bear Cross and bearish RSI on the daily chart continue to caution Gold buyers.
  • The Gold price recovery hinges on the US data, including the PCE inflation.

Gold price stays on the front foot in Asian trading on Wednesday, looking to extend the previous recovery from six-day lows of $2,605. Traders gear up for a slew of top-tier US economic data releases heading into the Thanksgiving holiday season.

Gold buyers await US PCE inflation data 

Early Wednesday, the persistent weakness surrounding the US Dollar (USD) and the US Treasury bond yields offset easing geopolitical tensions between Israel and Lebanon, allowing Gold buyers to come up for air for the second day.

The sentiment around the US Dollar remains undermined following US President-elect Donald Trump’s selection of Scott Bessent as Treasury Secretary.  Bessent, a fiscal conservative, assured the US bond markets, spelling doom for the US Treasury bond yields and eventually for the USD.

A ceasefire between Israel and Lebanon helped reduce the haven demand for the Greenback, exerting additional downward pressure even though the Minutes of the US Federal Reserve  (Fed )November meeting showed that officials were divided on further rate cuts.

Reuters reported, “a ceasefire between Israel and Iran-backed group Hezbollah came into effect at 0200 GMT on Wednesday after U.S. President Joe Biden said both sides accepted an agreement brokered by the United States and France.”

Meanwhile, markets continue to price in over 60% probability of the Fed lowering interest rates by 25 bps next month, according to the CME Group’s FedWatch Tool, despite a less dovish Fed Minutes.

Therefore, the Gold price remains supported amid sustained dovish Fed expectations and uncertainty surrounding global trade prospects during Donald Trump’s presidency. This is especially true after he announced 25% tariffs on goods imported from the US into Canada and Mexico on Tuesday. At the same time, he slapped 10% additional tariffs on US imports into China.

Hong Kong Census and Statistics Department data showed on Tuesday that China’s net gold imports via Hong Kong in October fell from September and were down 43% from the previous year. Traders digest the data as attention turns toward the upcoming US macro news, with the Core Personal Consumption Expenditure (PCE) Price Index in focus.

The Fed’s preferred inflation gauge and the weekly Jobless Claims will help shape market expectations for future Fed rate cuts, impacting the USD and the non-interest-bearing Gold price. The core PCE Price Index is rising 2.8% YoY in October versus September’s rise of 2.7%. Meanwhile, the headline annual PCE inflation is expected to advance to 2.3% in the same period from 2.1% in September.

Gold price technical analysis: Daily chart

Hotter-than-expected US inflation data could raise further doubts about the Fed’s rate cut trajectory, reinforcing selling pressure around the Gold price.

The 21-day SMA crossed the 50-day SMA from above on a daily closing basis on Tuesday, confirming a Bear Cross.

Adding credence to the downside potential, the 14-day Relative Strength Index (RSI) remains below the 50 level, currently near 47.

Therefore, any upside attempts in Gold price could likely be sold into unless buyers find acceptance above the 21-day SMA and 50-day SMA crossover near $2,660.

The next topside barriers are at the $2,700 level and Monday’s high of $2,721.

Alternatively, the immediate support is at the previous day’s low of $2,605, below which a drop toward the 100-day SMA at $2,569 remains in the offing.

A sustained break below that level could challenge the November 14 low of $2,537.

Economic Indicator

Core Personal Consumption Expenditures – Price Index (YoY)

The Core Personal Consumption Expenditures (PCE), released by the US Bureau of Economic Analysis on a monthly basis, measures the changes in the prices of goods and services purchased by consumers in the United States (US). The PCE Price Index is also the Federal Reserve’s (Fed) preferred gauge of inflation. The YoY reading compares the prices of goods in the reference month to the same month a year earlier. The core reading excludes the so-called more volatile food and energy components to give a more accurate measurement of price pressures.” Generally, a high reading is bullish for the US Dollar (USD), while a low reading is bearish.

Read more.

 



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27 11, 2024

Ripple (XRP) Price Prediction for This Week

By |2024-11-27T08:31:27+02:00November 27, 2024|Crypto News, News|0 Comments

XRP’s price action exploded in November, here’s what you need to know.

Key Support levels: $0.92

Key Resistance levels: $1.6

1. XRP is Consolidating After a Strong Rally

In November, XRP’s price went on a 200% run to the $1.6 resistance. This is both impressive and surprising considering that this cryptocurrency is a top 10 coin by market cap.

Ethereum, for example, only advanced 50% in the same period. This has returned attention to XRP and the price is consolidating under the key resistance at the time of this post.

Chart by TradingView

2. Bias Remains Bullish

The weekly MACD shows a clear bullish bias. There is no weakness in the price action either and the histogram shows that by making higher highs. The main takeaway is that XRP has a likely chance to continue higher later.

XRPUSDT_2024-11-27_09-54-36
Chart by TradingView

3. Weekly RSI Cooldown

While the overall momentum remains bullish, the weekly RSI shows that its intensity has decreased and this is a healthy retrace before further gains. Once this consolidation is over, the key resistance at $1.6 may be put under pressure again.

XRPUSDT_2024-11-27_09-55-02
Chart by TradingView
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27 11, 2024

XAG/USD tests key resistance zone near $30.50

By |2024-11-27T07:52:49+02:00November 27, 2024|Forex News, News|0 Comments


  • Silver price appreciates as daily chart analysis suggests a possible momentum shift from bearish to bullish.
  • The primary resistance would be found at a nine-day EMA at $30.76.
  • The pair may navigate the area around the throwback support at the psychological level of $30.00.

Silver price (XAG/USD) remains steady near $30.50 per troy ounce during the Asian hours on Wednesday. The daily chart analysis suggests a possible shift in momentum from bearish to bullish as the pair has been tracking down along the upper boundary of the descending channel pattern.

However, the 14-day Relative Strength Index (RSI) is currently positioned below the 50 level, indicating a prevailing bearish sentiment. Additionally, the XAG/USD pair remains below the 14- and nine-day Exponential Moving Averages (EMA), signaling a bearish outlook and indicating weakening short-term price momentum. This suggests weak buying interest and the potential for further price losses.

In terms of the upside, if the Silver price successfully breaches the key resistance zone near the upper boundary of the descending channel, the asset price would further test the nine-day Exponential Moving Average (EMA) at $30.76, followed by the 14-day EMA at $30.96.

On the downside, the Silver price may find support around its “throwback support” at the psychological level of $30.00. A break below this level could deepen bearish sentiment, potentially driving the price lower toward its three-month low of $27.69, followed by the descending channel’s lower boundary at $28.50.

XAG/USD: Daily Chart

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.



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