• Pundi X has a bearish short-term outlook, with the NPXS / USD pair still trapped below key technical support
• NPXS / USD bulls are now testing towards the pair’s 200-day moving average
• The daily time frame highlights an ascending broadening wedge pattern

Pundi X has a bearish short-term outlook, with the cryptocurrency still trading below major technical support on the four-hour time frame.

Kin, the cryptocurrency project associated with the popular instant messaging platform Kik, announced the integration of music app MonkingMe. The new app will allow music-lovers to tip their favorite artists with tokens, including KIN.

A new project seeks to give XRP holders and developers more control over the cryptocurrency’s direction. Known as the XRP Community Fund, the non-profit organization, which was first unveiled just under two weeks ago, is intended to be a transparent means for the community to vote on new projects and applications.

It seems to be the season for decentralized exchanges. Eosfinex is now the latest option for trustless, non-custodial crypto trades. Using EOSIO software, the platform announced its launch after a five day delay.

Another project is leaving NEO for a new blockchain. nOS, which hopes to launch a virtual operating system for decentralized applications, has chosen ARK’s modular blockchain framework to power its platform.

Cryptocurrencies only exist because of failures in the traditional financial system, according to a leading banking scholar. In a hearing before the Senate Banking Committee, Mehrsa Baradaran said that financial reforms could cause cryptocurrencies to fade into obscurity, effectively killing Bitcoin (BTC).

• Lambda has a bullish short-term bias against Bitcoin, with the LAMB / BTC pair attempting to move above key technical resistance
• The four-hour time frame shows the presence of a bullish inverted head and shoulders pattern
• The daily time frame highlights a major range breakout may be underway

LAMB has gained bullish momentum after Huobi Global announced that it will list Lambda on July 30.

• Chainlink has a bearish short-term bias, with the LINK / USD pair falling below critical technical support on the four-hour time frame
• The four-hour time is now showing that a bearish breakout from a wedge pattern is currently underway
• The daily time frame is showing that the LINK / USD has fallen below its key 50-day moving average

Chainlink has a bearish short-term trading bias, with the cryptocurrency starting to weaken below critical support on the four-hour time frame.