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TopCryptoNews
TopCryptoNews
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1 Celestia crypto has jumped above 20, 50, 100, and 200-Day daily moving averages.2 Bulls are showing their strength and extending the gains.3 Celestia crypto rallied in the previous trading sessions. Celestia’s price is trading above the key moving averages showcasing the bullishness by making a higher high structure. However, the Buyers are facing tough competition from the sellers. TradingView data shows that Celestia crypto price is trading at $16.9989 with an intraday loss of 5.45%, indicating a bullish trend. The 24-hour trading volume is 180.33 Million, and the market capitalization stands at $2.81 Billion. Technical Analysis Of Celestia Crypto On Daily Time Frame At the time of publishing, Celestia crypto (USD: TIA) is trading above the 50 and 200-Day EMAs (Exponential moving averages), which are supporting the price trend. The current value of RSI is 42.84 points. The 14 SMA is above the median line at 56.32 points which indicates that the Celestia crypto is bullish. The MACD line at 0.2811 and the signal line at 0.5761 are above the zero line. A bearish crossover is observed in the MACD indicator which signals mild weakness for the TIA crypto price. Technical Analysis Of Celestia Crypto On 4-H Time Frame Celestia crypto chart shows bearish strength and the short-term charts suggest negative outcomes in the upcoming days. Moreover, the price is trading below the major EMAs, confirming the negative signals for the upcoming days. The RSI curve is near 28.79, an oversold zone, with a negative outlook indicating bullish sentiment in the cryptocurrency. The MACD indicator also continued to form a red band and a bearish crossover appeared, indicating a corrective move on the 4-H timeframe. Technical Analysis Of Celestia Crypto On Weekly Time Frame Celestia crypto’s weekly chart shows buyers’ dominance. The cryptocurrency is in an uptrend as it jumped above a key EMA. Technical indicators also support the bullish sentiment as RSI is close to the overbought zone of 74.07 and MACD has formed a bullish crossover with the green band. These signals indicate that the cryptocurrency could face even greater upward pressure in the coming weeks. $TIA #tia #Write2Earn‬ #TrendigTopic

7 days ago
Crypto With Azam
Crypto With Azam
followers

A valid News For early investors. Some specilists shared this following information Please read carefully $JASMY soars 225% after breaking key resistance, signaling a significant win Regulatory shifts in Japan boost $JASMY , with venture capital fueling the nation’s crypto innovation, growth. Technical indicators suggest caution with $JASMY ’s RSI at 71.14, hinting at potential short-term pullback risks. JasmyCoin ( $JASMY ) exceeded market expectations with a 225% increase following a pivotal break in its resistance level, as highlighted by CryptoBusy, an analytic platform on X. This development comes on the heels of a forecast made on December 13, which accurately predicted the coin’s trajectory beyond a critical resistance point, signaling a lucrative opportunity for investors within the accumulation zone. At press time, JASMY was trading at $0.018544, with its trading volume reaching $1.6 billion over the past 24 hours, per CoinMarketCap. The market has witnessed a 59.58% uptick in value, underscoring a robust bullish momentum. Moreover, the technical indicators vividly show the current market dynamics. The 1-Day Relative Strength Index (RSI) 71.14 hints at a potentially overbought condition, suggesting investors tread cautiously for possible short-term pullbacks. Meanwhile, the Moving Average Convergence Divergence (MACD) echoes the strength of recent price gains, albeit with a cautious note on sustainability. However, the 1-Day Know Sure Thing (KST) reaffirms the strong short-term momentum, likely propelling the coin’s upward trajectory. #Jasmyusdt⚠️⚠️ #Write2Earn #TRENDING

6 days ago
Mr kaps
Mr kaps
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#Altcoins - Update Altcoins are far from finished here imo. Pullbacks here and there to shake out the weak ones are completely normal, but after that, the show should go on. -Zero line in MACD broken✅ Altcoins usually follow $BTC, it has never been different so far. #Write2Earn

7 days ago
Coinpedia
Coinpedia
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The post Can Your $100 in Worldcoin Turn To $1000 In This Crypto Bull Run? appeared first on Coinpedia Fintech News The cryptocurrency market has displayed a massive uptrend in its valuation today, with major altcoins adding significant value to their valuation. The Worldcoin price has added approximately 40% within the past 24 hours, making it one of the top gainers of the day in the crypto space. Worldcoin (WLD) Price On A Path To Test $10 Mark! The Worldcoin price traded in a closed range between $2.144 and $2.670 for a brief period, following which the bulls gained momentum, and the price broke out of the range. However. The rally was short-lived as it faced rejection at $3.273, after which the price traded sideways for a while. As the market volatility grew, the bulls regained momentum and recorded another jump of 53.40% within the next two days. After trading sideways for a while, the WLD token recorded another jump of 55.129% in valuation. TradingView: WLD/USDT The Worldcoin then faced rejection at $7.789, following which the price traded in a consolidated range between $6.291 and $7.789 for the next three days. Recently, the bulls successfully broke out of the resistance level but faced rejection at $8.831 and have been trading sideways since then. The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating an increase in the buying pressure in the market. Further, the averages show a bullish convergence, suggesting a positive price action for the WLD token in the coming days. How High Will The Worldcoin Price Reach? If the market pushes the price above the $8.831 mark, the bulls will regain momentum and prepare to test the upper resistance level of $10 by the weekend. Conversely, if the bears overpowered the bulls, the WLD price would lose momentum and fall to test its support level of $7.789. Moreover, if the bears continue to dominate the market, it will further plunge and prepare to test its lower limit of $6.291 in the upcoming month.

6 days ago
koinmilyoner
koinmilyoner
followers

🌕Predictions for the Price of XRP: Bulls Take a Hit, but This Level May Trigger Another Increase🌕 A negative drop began from $0.580 barrier for XRP. Price may rally until it closes below $0.535. XRP struggles to break $0.5650 and $0.580 barrier. The price is above $0.535 and the 100 SMA. On the 4-hour XRP/USD chart, a bullish trend line with support around $0.5350 is formed. Unless it closes below $0.535, the pair might rise. XRP Drops To Key Support XRP has risen from $0.520 in recent days. Above $0.535 and $0.550 barrier levels. Bitcoin and Ethereum were shielded by bears at $0.580 resistance. Before a drop, the latest high was $0.5792. Price fell below $0.550. It even tested $0.535. Price consolidates losses after a low of $0.5322. Now over $0.535 and the 100 SMA (4 hours), Ripple's token price. On the 4-hour XRP/USD chart, a bullish trend line with support around $0.5350 is formed. Resistance at $0.5550 is imminent on the upside. The 50% Fib retracement level of the decline from the $0.5793 swing high to the $0.5322 low is approaching. Above $0.5620, the 61.8% Fib retracement level of the negative move from the $0.5793 swing high to the $0.5322 low, the price might climb above $0.580. Close over $0.580 barrier might start a significant surge. Around $0.600 is the next resistance. Bulls may surge toward $0.620 barrier if they stay over $0.600. More advances might push price toward $0.650 barrier. Another Fall? XRP may fall again if it fails to break $0.5550. Initial downward support is between $0.535 and the trend line. The next significant support is $0.5220. If price breaks down and closes below $0.5220, it may accelerate lower. Price might retest $0.480 support. Tech Indicators 4-Hours MACD – XRP/USD's MACD is falling in the negative zone. Four-hour RSI (Relative Strength Index): XRP/USD is below 50. Major Support Levels: $0.535, $0.522, $0.480. Major resistance levels: $0.555, $0.565, $0.580. #ripple #xrp #Write2Earn #TrendingTopic

7 days ago
Cryptopolitan
Cryptopolitan
followers

As cryptocurrency funds garner record weekly inflows amid increasing interest in spot Bitcoin ETFs, market participants eye tokens with higher growth potential. Specifically, a few emerging assets are projected to outperform Solana’s impressive spurt by 2024. Speculation on these tokens has been fueled by the shifting dynamics of the digital asset landscape, exemplified by events such as the recent surge of crypto investing. BlastUP Presale: The 1st Launchpad in the Blast Ecosystem is Live! BlastUP is a pioneering launchpad on Blast, the cutting-edge Layer 2 solution that has rapidly reached $1 billion total value locked in just 35 days. BlastUP stands at the forefront of financial technology, championing the motto “Grow faster, earn more.” With meticulous Project Screening, BlastUP ensures that only the highest caliber projects reach its ecosystem. Additionally, the platform offers  passive income opportunities through staking and farming, underlining its dedication to fostering an equitable and rewarding environment. The BlastUP tokens presale is running, and with each new stage, their value will increase. The current price is locked at $0.04, while the price at the DEX listing is going to be $0.1. That will make a whopping 250% ROI, so now is the perfect time to buy BlastUP tokens at the best price with a 60% discount. >> Snatch Up BlastUP Tokens Now for Maximum Returns! << As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community, supporting early-stage startups. With its community-centric approach and drive for innovation, BlastUP is rapidly gaining traction for the benefit of all participants in this ecosystem. BlastUP’s roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem’s capabilities. The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits. >> Seize the Chance to Grow Faster and Earn More with BlastUP! << Arbitrum Potential Growth Predictions Highlighted, Amid Market Volatility and Risks The recent developments for Arbitrum bode well for its long-term growth, given its increasing traction. Keeping in mind its current price of $1.85, optimistic predictions suggest a potential rise towards the resistance level of $2.80. This is supported by the 100-day Simple Moving Average (SMA) buy recommendation, reflecting a favorable sentiment in the market. On the contrary, caution needs to be exercised owing to the neutral stance suggested by the RSI and Stochastic indicators. The MACD and 10-day SMA both advise a sell, showing a possible downturn under certain market conditions. In a highly volatile scenario, there’s a chance of falling towards support level 2 at $0.98, exemplifying a more risk-driven outlook. Solana’s Filecoin Integration Could Propel Price Upward Despite Potential Risks Following the integration with Filecoin, Solana’s path to data accessibility might harness an upward pressure on its price. If we observe the current Solana price of $104.22, with resistance levels at $116.41 and $136, the collaboration could prove lucrative by driving SOL towards these higher figures. The 10-day simple moving average pinpointing $110.5, further supports this potential upward trajectory, fostering an optimistic long-term scenario, despite the neutral RSI and Stochastic RSI Fast indications. The flip side, however, still exists in the current market conditions. The MACD signposts a ‘sell’ even with positive news citing Solana’s advancements. Should this integration fail to impress, Solana might move towards its support levels standing at $78.22 and $59.45. Additionally, the 100-day simple moving average, resting at $87.92, suggests a lower-than-current price potential, indicating the presence of short-term risks. Balancing these factors, caution remains paramount in navigating the volatile crypto-sphere. Conclusion With other potential standout tokens such as Arbitrum and Solana in view, BlastUP tops the list in terms of growth estimates and long-term strategies. Integrated within the highly progressive Blast ecosystem, BlastUP enhances the scope of financial technology. Its potential isn’t just rooted in its concept, but also in its execution which takes into consideration project screening and passive income opportunities. The strong community support and future promises of AI-driven tools place BlastUP as the project with the richest potential for growth in the crypto market. Site: https://blastup.io/  Twitter: https://twitter.com/Blastup_io 

6 days ago
Coinspeaker
Coinspeaker
followers

Coinspeaker Cardano’s DeFi Powerhouse Unveiled, ADA Price Is Down Indigo, the flagship decentralized application (DApp) on the Cardano blockchain, has teased its community with details of an imminent upgrade, dubbed “Indigo v2”. A New Era for Synthetic Assets on Cardano Indigo, at its core, is an autonomous synthetics protocol that allows users to gain on-chain exposure to real-world assets through the creation of synthetic assets, known as iAssets. These iAssets replicate the price movements of various tangible assets, enabling investors to capitalize on market fluctuations without the need to hold the underlying assets directly. The forthcoming v2 upgrade, highlighted through a sneak peek video, introduced the iAsset Redemption Margin Ratio (RMR), a novel feature designed to augment the protocol’s capabilities significantly. Cardano’s Decentralization and Market Performance Cardano’s ecosystem, bolstered by significant projects like Indigo, continues to exhibit remarkable growth and resilience. A recent metric from DefiLlama revealed a notable tick in the Total Valued Locked (TVL) on the Cardano network, reaching an impressive $391 million. Furthermore, its blockchain hosts 29 DeFi applications, while Indigo and Minswap drive the majority of its TVL. Furthermore, Cardano’s achievement of a significant decentralization milestone, being ranked as the second-most decentralized asset in the crypto industry, only behind Ethereum, marks a pivotal moment in its journey towards establishing a truly decentralized financial landscape. Renowned crypto researcher Justin Bonks gives this position through his decentralization index of cryptocurrencies. Cardano (ADA) Price Analysis Considering the recent price trends of Cardano (ADA), it formed a rising channel pattern this month. It managed to maintain bullish momentum for a significant time. However, in the last few days, it experienced a downturn, breaking out from the pattern and establishing a new support level of around $0.55. Despite this, ADA’s monthly returns stand at approximately 20%, though its year-to-date gains are modest, at just 0.20%. Technical indicators paint a bearish picture. This week, the Moving Average Convergence Divergence (MACD) saw a bearish crossover, accompanied by the emergence of red bars on its histogram, indicating increased selling pressure as levels dropped below the histogram. Similarly, the Directional Movement Index (DMI) reinforces this outlook, with the negative direction indicator (-DI) reflecting a rise to 23.64, significantly higher than the positive direction indicator (+DI) at 16.59, suggesting a dominance of selling volume. From a broader perspective, to enhance the adoption of its blockchain network, Cardano needs to introduce more protocols like Indigo. On the token performance front, ADA must prevent a further decline below the $0.55 support level to maintain its market standing. next Cardano’s DeFi Powerhouse Unveiled, ADA Price Is Down

6 days ago
Crypto Daily™
Crypto Daily™
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In the recent crypto market development, Glassnode, a renowned on-chain analytics firm, brought attention to its "Altseason Indicator", a tool designed to discern if a so-called "altcoin season" is in full swing.  Altseason Indicator gauges investor sentiment towards risk, focusing on capital netflows among major asset classes like Bitcoin, Ethereum, and stablecoins, as well as the altcoin market cap's momentum relative to its 30-day Simple Moving Average (SMA). After a period of dormancy, the Altseason Indicator, which first signaled a risk-on mode last October, reignited interest by suggesting the return of the altcoin season. Amid this shifting landscape, Chainlink (LINK) and Litecoin (LTC), both renowned altcoins, showed remarkable resilience and growth. Despite a challenging week that saw them close in the red, these digital assets bounced back impressively. LTC saw a 7% increase, but it's LINK that stole the spotlight with a staggering 34% surge. This upward trajectory in a market that's just warming up to the idea of an altcoin season again adds a layer of intrigue and potential. Meanwhile, the crypto community is closely watching ScapesMania (MANIA), a project that has recently concluded its presale stage. With its Token Generation Event (TGE) and coming DEX listing on the horizon, MANIA is poised to expand its reach to a broader spectrum of crypto investors in the market that's seemingly ripe for altcoin advancements. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Chainlink (LINK): Inside the Whale-Influenced Surge Chainlink (LINK), a prominent player in the blockchain oracle space, has been exhibiting intriguing market behavior recently. A key point of interest is the substantial 175% surge in large transaction volume, reaching an impressive total of $338.96 million. This spike is a clear indicator of heightened whale activity, as evidenced by the jump from 6.17 million LINK in large transactions on February 19 to a staggering 17.65 million LINK the following day. Adding to the intrigue, the last 24 hours have seen mysterious movements of millions of Chainlink (LINK) tokens by these large-scale investors. Whale Alert, a service tracking large crypto transactions, reported notable movements, including a transfer of 4,314,062 LINK worth $79,065,694 to an unknown wallet and 2,402,942 LINK, valued at $46,491,692, moving from BlockFi to another anonymous wallet. Chainlink (LINK) Technical Analysis From a technical perspective, Chainlink (LINK) is currently trading between its first support level at $17.97 and its first resistance level at $19.26. This positioning is critical as it hovers near the Exponential Moving Averages (EMA) of 10, 50, and 200 days, all converging around $18.6 to $18.72, suggesting a consolidation phase. Source: TradingView The Relative Strength Index (RSI) stands at 32.14, pointing towards a potential undervaluation and possibly a buying opportunity. However, the Stochastic %K at 0 and the Commodity Channel Index (CCI) at -166.05 both indicate a short-term bearish sentiment. The Average Directional Index (ADX) at a low 20.32, combined with a nearly neutral MACD Level at -0.018 and a Momentum of -0.05, suggests a lack of strong directional trend in the immediate term. Chainlink (LINK) Price Prediction Considering these technical indicators, the bullish scenario for LINK would entail a break above $19.26, potentially catalyzed by continued whale activity and positive market sentiment. This move could target the next resistance levels at $19.92 and potentially extend towards $21.21. On the flip side, the bearish scenario would involve Chainlink (LINK) breaking below $17.97, influenced by negative market reactions or reduced whale activity. Such a move could see LINK testing further supports at $17.34 and then possibly at the significant level of $16.05. Litecoin (LTC): A Path of Resilience Litecoin (LTC), a pioneering altcoin known as the “silver to Bitcoin’s gold”, maintained its presence in the crypto space since its inception in 2011. Despite its legacy and the introduction of innovative features like MimbleWimble in 2022, LTC's market response has been relatively subdued. Recent times have seen a lackluster performance in Litecoin's (LTC) price action, leading to frustration among its holders. Litecoin Foundation managing director Alan Austin acknowledged this santiment, but emphasized their commitment to sound money principles over artificial market manipulation tactics. Despite Austin's call for collective efforts to boost Litecoin's (LTC) adoption and value, on-chain metrics present a mixed bag. While the number of transactions and network hash rate have hit all-time highs, there's been a noticeable decline in transfer volume and active addresses. This situation is further complicated by the historical context of Litecoin's founder, Charlie Lee, selling all his LTC at the peak of 2017's market, a move that some believe still impacts Litecoin’s (LTC) market relevance. Litecoin (LTC) Technical Analysis Technically, LTC is navigating a narrow range between its first support level at $68.12 and first resistance level at $73.78. Source: TradingView The 10-day EMA at $68.95, 50-day EMA at $69.77, and 200-day EMA at $69.53 are closely clustered around its current price, suggesting a lack of strong directional momentum. The RSI at 45.5, Stochastic %K at 43.09, and the CCI at -28.37 reinforce this narrative of indecision in the market. However, the ADX at 30.22 indicates a developing trend strength, albeit not very pronounced. The MACD at -0.45 and a negative Momentum value of -0.67 add to the complexity, implying that market sentiment is not decidedly bullish or bearish, but rather waiting for a more definitive signal. Litecoin (LTC) Price Prediction In a bullish scenario, if Litecoin (LTC) adoption increases and the community reacts positively to its steadfast adherence to the foundational principles, LTC can break above $73.78. A more notable shift in market sentiment can potentially lead to an upward trend toward the next resistance levels at $76.14 and $81.5. On the flipside, a break below $68.12 could see Litecoin (LTC) testing further supports at $65.42 and $60.06, possibly due to the ongoing concerns about its market relevance and the broader impact of market trends. Closing Words Chainlink (LINK) and Litecoin (LTC) have recently showcased their resilience in the unpredictable crypto market. LINK, with its staggering 34% surge, and LTC, experiencing a steady 7% rise, are navigating through a complex market environment highlighted by the Altseason Indicator's recent activity. Both Chainlink (LINK) and Litecoin (LTC) are positioned between key technical levels, reflecting a blend of investor uncertainty and potential for significant moves. As these altcoins respond to market dynamics and underlying technical indicators, investors and traders alike are keenly observing for signs of directional momentum in a market ripe with both opportunities and challenges. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

6 days ago
Crypto Daily™
Crypto Daily™
followers

Major crypto tokens are trading in the red in today's trade, primarily influenced by diminishing expectations of early interest rate cuts from the Federal Reserve. Investors eye the coming minutes from the US central bank's last meeting which, many believe, will provide critical insights into future policy directions. Amidst this cautious backdrop, Bitcoin recently experienced a rollercoaster ride, surging to a new yearly high of $53,000, only to retrace back to $50,750. This fluctuation was attributed to a combination of peaking open interest and unfavorable funding rates for bullish positions. Although it rebounded to $51,000, it's Ethereum's resilience that caught the market's eye, with its price surpassing the $3,000 mark and holding steady, fueled by the anticipation of a spot ETF approval in the US and progress in its network upgrade. In this complex tapestry of market movements, DeFi blockchains Sei (SEI) and Sui (SUI) have not been immune to the market's vicissitudes, with both tokens experiencing a plunge of over 5% in today's trading session. However, in the midst of these broader market fluctuations, there's a growing buzz around ScapesMania (MANIA), a project that has recently concluded its presale stage. As the crypto community eagerly awaits its impending Token Generation Event (TGE) and anticipated DEX listing, there's a palpable sense of expectation that MANIA might open new avenues for a wider array of crypto investors. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Sei (SEI) Price Analysis In a striking 24-hour period, Sei's (SEI) value witnessed a notable decline, dropping from $0.96 on February 20 to $0.87 amid the trend index's increased volatility and a downturn in trading volumes. The community is now closely monitoring the coming Sei v2 upgrade, slated for release in Q1 2024, which promises to enhance the Sei's (SEI) capabilities by allowing developers to integrate Ethereum protocols. So the anticipated upgrade is a focal point of interest and can determine SEI's future trajectory. Sei (SEI) Technical Outlook Currently, Sei (SEI) is trading between its first support level at $0.7347 and its first resistance level at $1.1132. Source: TradingView The Exponential Moving Averages (EMA) paint a moderately positive picture, with the 10-day EMA at $0.907 and the 50-day EMA at $0.8837 hovering just above the 200-day EMA at $0.7466. However, the Relative Strength Index (RSI) at 40.95, Stochastic %K at 20.03, and the Commodity Channel Index (CCI) at -164.59 signal a bearish sentiment, indicating potential overselling. The Average Directional Index (ADX) at 23.43 suggests a lack of strong trend, while the negative MACD level and declining Momentum reinforce a cautious outlook. Sei (SEI) Price Prediction Looking at possible scenarios, a bullish perspective might hinge on the SEI breaking above $1.1132. If this happens, it could signal a shift in investor sentiment and a potential run towards the $1.2645 resistance, or even the $1.643 barrier in a more optimistic case. On the flip side, the bearish scenario, as predicted by some analysts, could see Sei (SEI) breaking below $0.7347, possibly due to ongoing market pressures and the current negative sentiment. If this bearish trend persists, SEI might find itself testing lower supports at $0.5057 and potentially the critical $0.129 level. Sui (SUI) Price Analysis With an impressive 62% spike, Sui (SUI) outpaced established competitors like Cardano, NEAR Protocol and Aptos in terms of total value locked (TVL), now exceeding $584 million across various protocols. This remarkable growth was partly attributed to a substantial $310 million bridge from Ethereum to Sui (SUI) in the last 30 days, as reported by wormholescan.io, representing more than a doubling of its position since the start of the year, when the TVL was approximately $211 million. Despite initial challenges, including a 68% decline in SUI and accusations of token supply manipulation, Sui (SUI) made a significant comeback after adopting inscriptions, a method for recording data on the blockchain that gained prominence during Bitcoin's NFT era, leading to a surge in blockchain activity. Sui (SUI) Technical Outlook Technically, SUI is trading between its first support level at $1.6683 and its first resistance level at $1.9523. Source: TradingView The 10-day EMA at $1.6991 and 50-day EMA at $1.7484 are currently above the 200-day EMA at $1.5414, suggesting a potential bullish trend in the shorter term. However, the RSI at 35.38 indicates that Sui (SUI) might be approaching oversold territory. The Stochastic %K is at a low 24.1 and the CCI at -145.31 also point to potential overselling. The ADX at 23.33 suggests a lack of strong trend, while the negative MACD and Momentum could be indicative of a bearish momentum building up. Sui (SUI) Price Forecast For the bullish scenario, if SUI maintains its current momentum and innovation, particularly in embracing technologies like inscriptions, it could break past $1.9523, aiming for the more distant resistances at $2.1046 and $2.3886. This optimism is backed by the recent surge in TVL and the innovative approach of its team, comprising former Meta employees. On the bearish side, if the market sentiment turns negative or if Sui (SUI) fails to sustain its innovative edge, it could see a retraction towards $1.6683 or even lower towards the next supports at $1.5366 and $1.2526. The recent slip in SUI's value left many wondering if Sui (SUI) can withstand bearish pressure amid the negative trends and past hiccups that initially rocked its stability. Closing Thoughts In the midst of a fluctuating crypto market, where major tokens are experiencing downturns influenced by Federal Reserve policies, DeFi blockchains Sei (SEI) and Sui (SUI) are navigating through their own unique challenges and opportunities. SEI, on the cusp of a significant upgrade, faces a crucial period that could redefine its market position, while SUI, having recently surged in total value locked, confronts the test of maintaining its momentum amidst market uncertainties. Both platforms, emerging from their respective lows, are now at pivotal junctures, with their technical indicators suggesting potential paths but also hinting at the need for cautious optimism. As investors and traders closely watch these developments, the future of Sei (SEI) and Sui (SUI) hangs in a delicate balance, promising potential rewards for those who can adeptly ride the waves of these emerging DeFi contenders. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

6 days ago
CoinQuest
CoinQuest
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XRP Price Outlook: Bulls Face Resistance, Yet Potential Upside Looms Ahead🤯 The trajectory of XRP's price is currently under scrutiny, with indicators suggesting a challenging terrain for bullish sentiment, yet the possibility of a rebound remains palpable. Starting from the pivotal $0.580 barrier, XRP witnessed a downward trajectory, initiating a negative trend. While the price struggles to breach the $0.5650 and $0.580 thresholds, it manages to sustain levels above $0.535, further supported by the presence of the 100 SMA. Notably, a bullish trend line has formed on the 4-hour XRP/USD chart, indicating support around $0.5350. As long as the price remains above $0.535, the possibility of an upward movement persists. Despite a recent drop, XRP has managed to ascend from $0.520 in recent trading sessions, showing resilience above $0.535 and $0.550 barrier levels. However, the resistance posed by bears at the $0.580 mark has impeded significant upward movement. Presently, XRP hovers above $0.535 and the 100 SMA on the 4-hour chart, with a bullish trend line offering support around $0.5350. On the upside, resistance at $0.5550 looms large, with the 50% Fib retracement level indicating a potential rebound. A breakthrough above $0.5620 could propel the price towards $0.580, potentially marking a significant surge. Subsequent resistance levels stand at $0.600 and $0.620. However, a failure to breach the $0.5550 resistance could trigger another downturn, with initial support resting between $0.535 and the aforementioned trend line. A more substantial support level lies at $0.5220, and a breakdown below this threshold may accelerate the descent, potentially retesting the $0.480 support level. Analyzing the technical indicators, the 4-Hour MACD for XRP/USD indicates a negative trend, while the Four-hour RSI remains below 50, underscoring prevailing bearish momentum. Key Levels to Monitor: Support: $0.535, $0.522, $0.480 Resistance: $0.555, $0.565, $0.580 $XRP #XRP🚀 #Write2Earn #TrendingTopic

7 days ago
Coinpedia
Coinpedia
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The post Why XRP Is Down Today? Here’s Are The Possible Factors Pulling The Curtains Down! appeared first on Coinpedia Fintech News As the SEC vs. Ripple lawsuit enters a pivotal phase, both parties are diligently crafting remedies-related briefs. This signifies a notable progression in the legal proceedings, with looming deadlines shaping the direction of the case. Notably, March 13 marks a key milestone for the SEC’s filing, followed by April 12 for opposing motions, and April 29 for final remedies submissions. Hence by April 29th, the court is expected to determine penalties for Ripple’s alleged institutional sales of XRP, potentially offering closure to the protracted legal battle. However in a recent breakout, it went beyond Ripple vs SEC, the SEC is yet again entangled in another legal mess. Here’s what happened and its impact on XRP at a glance.  XRP slips below $0.55 amid ongoing SEC v. Ripple lawsuit developments. March 13 marks a pivotal deadline as court prepares to determine penalties. Meanwhile, LEJILEX crypto exchange and CFAT sue SEC, challenging digital asset sales classification. #Maleyatupdates — Maleyat Group (@MaleyatGroup) February 22, 2024 Legal Battle Intensifies: LEJILEX Exchange Challenges SEC  Surprisingly, the LEJILEX crypto exchange and the Crypto Freedom Alliance of Texas (CFAT) have taken legal action against the SEC. Their lawsuit seeks a declaration affirming that secondary-market sales of digital assets, including those envisioned by LEJILEX, do not constitute sales of securities. This groundbreaking lawsuit underscores the mounting tensions between regulators and the crypto industry, as stakeholders seek clarity on the regulatory landscape. So far, Ripple has set an example in the industry by fighting and winning over the SEC, and this case will bolster efforts to save crypto from SEC manipulation. XRP is Poised for Further Price Correction From a technical point of view, investors and experts pay close attention to how the price of XRP changes. Even though it fell below $0.55, the 6th largest coin is still in the race. Analysts say that if XRP goes down even more, it might test the 23.6% Fibonacci level at $0.5219. But signs like the Moving Average Convergence/Divergence (MACD) show that things are going in the right direction, and the Awesome Oscillator (AO) suggests that the asset’s price trend might be about to change. Looking ahead, market participants are closely monitoring XRP’s behavior, particularly its ability to bounce back to the support levels and attain its upward trajectory. If XRP manages to rebound it could see retesting the 78.6% Fibonacci retracement level at $0.6073.  On the other hand, a sustained drop below $0.5219 may pave the way for further correction, potentially leading to a decline to $0.50. However, optimism remains high that XRP could recover its losses upon surpassing this critical threshold.

7 days ago
CoinQuest
CoinQuest
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Potentially reaching a new high in 2024 for Shiba Inu prices🤔 Currently priced at $0.0000987, Shiba Inu is trading above a key support level at $0.0000968, representing the 50% Fibonacci retracement from the 2024 peak to the January low. Resistance is expected at $0.0000997 and $0.00001039, corresponding to the 61.8% and 78.6% Fibonacci retracements, respectively. The target is to reach the 2024 peak of $0.00001093. Positive momentum is indicated by the Moving Average Convergence/Divergence (MACD) indicator. Despite a potential dip to $0.0000968, the Awesome Oscillator suggests an upward trend. Between February 8 and 20, investors witnessed significant losses on their SHIB holdings. Tuesday's SHIB volume was 77.78 trillion, continuing a three-month declining trend. The price experienced a slight drop to 0.00000987 on Tuesday. There has been a notable selloff of SHIB by holders over the past two weeks, affecting one of the largest meme currencies in the crypto ecosystem. If history repeats, this pattern could lead to a substantial surge in SHIB price, supported by on-chain analytics. Over the past year, significant volume capitulation has occurred several times, coinciding with substantial price increases for SHIB. Despite losses in March and July 2023, SHIB's price surged to a local high.

7 days ago
tuNNCay
tuNNCay
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Are Traders Ready To Buy The Dip ??? XRP price sustained an uptrend before last week, topping at $0.58 on Friday. The cross-border money remittance token experienced the first flash drop to $0.54 but due to the support highlighted by the 50-day Exponential Moving Average (EMA), it rebounded, albeit briefly to $0.5735. As Bitcoin stalled due to an important resistance at $53,000 this week, XRP price fell victim to another sell-off round such that it is testing the same support at $0.54 toward the end of the European session on Wednesday. Intraday traders would be on the lookout for acceptance above the dotted trendline, which coincides with the 200-day EMA (the purple line on the chart) to confirm the beginning of another trend reversal. The sell signal in the Moving Average Convergence Divergence (MACD) indicator warns against scooping the current dips, at least until the 200-day EMA resistance is flipped. However, if more traders choose to dwell on shorting XRP, a drop to the lower trendline impends. Long-term holders may find this drop to $0.54, $0.52 (the lower trend line), and even to $0.5, a chance to dollar-cost average backed by the possibility of Ripple winning the lawsuit and an ETF after that. DYOR $XRP #priceprediction #RippleXRP #XRP🚀

7 days ago
Coinpedia
Coinpedia
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The post Experts Suggest This New Altcoins Instead of Investing In Solana appeared first on Coinpedia Fintech News The rapidly growing interest in Bitcoin ETFs has led to a record-breaking weekly inflow into crypto funds. As increasing amounts of capital flood into the market, experts are shifting focus to compelling opportunities offered by new altcoins. While recent trends suggest feast-or-famine returns in popular options like Solana, industry insiders propose a more diversified approach may yield better results. This exploration shines a spotlight on the potential of unexplored altcoins as a strategic investment alternative. BlastUP Presale: The 1st Launchpad in the Blast Ecosystem is Live! BlastUP is a pioneering launchpad on Blast, the cutting-edge Layer 2 solution that has rapidly reached $1 billion total value locked in just 35 days. BlastUP stands at the forefront of financial technology, championing the motto “Grow faster, earn more.” With meticulous Project Screening, BlastUP ensures that only the highest caliber projects reach its ecosystem. Additionally, the platform offers  passive income opportunities through staking and farming, underlining its dedication to fostering an equitable and rewarding environment. The BlastUP tokens presale is running, and with each new stage, their value will increase. The current price is locked at $0.04, while the price at the DEX listing is going to be $0.1. Now is the perfect time to buy BlastUP tokens at the best price with a 60% discount. >> Snatch Up BlastUP Tokens Now for Maximum Returns! << As BlastUP forges ahead, it remains committed to creating a global hub for the Blast community, supporting early-stage startups. With its community-centric approach and drive for innovation, BlastUP is rapidly gaining traction for the benefit of all participants in this ecosystem. BlastUP’s roadmap extends into 2026, promising the introduction of AI-driven tools and the Community Marketplace, further enriching the ecosystem’s capabilities. The BlastUP token, a cornerstone of the platform, unlocks access to tiered IDO launches, staking rewards, and exclusive loyalty benefits. >> Seize the Chance to Grow Faster and Earn More with BlastUP! << Arbitrum’s Potential Growth Signaled, Bullish Market Trends Observed Arbitrum’s rally in a weekly transaction volume past Ethereum signals potential growth for the altcoin, which may catalyze notable price increases. The current price at $1.98 is below both resistance levels, namely $2.28 and $2.80, but with a bullish MACD sign indicating buying wave, prices could surge. For a long-term perspective, the Simple Moving Average at 100-days is at $1.54, which also recommends a buy action; implying a strong foundation for growth. The longer-term perspective is less optimistic. The Simple Moving Average 10-days rests at $2.03, suggesting a selling sentiment. With both the RSI and Stochastic actions remaining neutral, it would be prudent to consider potential short-term fluctuations. The support levels of $1.37 and $0.98 should not be dismissed lightly. While the news of Arbitrum’s progress is positive, it’s crucial to keep an eye on these resistance and support points to better anticipate potential corrections. SEI’s Decentralized AI Venture Signals Potential Growth Amid Crypto Volatility SEI’s venture into decentralized AI carries immense potential for growth. With resistance levels set at $0.96 and $1.27, there’s already upward momentum indicated by the MACD and Simple Moving Averages over the last 10 and 100 days. A surge towards those levels in the short term, on the announcement of this news, could be followed by consolidation. On the flip side, while the market is buzzing with the possibility of increased activity spurred by AI integration, the inherent volatility of the crypto market and current neutral RSI could lead to a bearish trend. A retraction could see the asset test the support levels at $0.45 and subsequently, the $0.25 mark, especially if the market views this development with skepticism. Conclusion While other altcoins like Arbitrum and SEI hold promise in the fluctuating crypto market, it’s BlastUP that is showing the highest potential. Its innovative concept and state-of-the-art features have captured the interest of investors and tech enthusiasts. As part of the thriving Blast ecosystem, the BlastUP project could become a game-changer, offering engaging community contributions. Look beyond the beaten path and consider BlastUP, a new alternative that could revolutionize your crypto investment strategy. Site: https://blastup.io/ Twitter: https://twitter.com/Blastup_io

7 days ago
Cryptos Headlines
Cryptos Headlines
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The price of Terra Luna Classic (LUNC) suddenly fell to $0.00012 from a high of $0.00014, reflecting the ups and downs seen across the entire crypto market this week. Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On CryptosHeadlinesToken.com Terra Luna Classic (LUNC) saw a remarkable surge of over 415% in Q4 of last year, peaking at $0.00028 in December. However, this rally was followed by a steep correction, with LUNC dropping by 68% to $0.000087 in January 2024. Profit-taking and market sentiment drove this pullback. Yet, the first quarter has ushered in new market dynamics, notably with the introduction of the Bitcoin ETF. Terra Luna Classic (LUNC) Price Analysis Terra Luna Classic (LUNC) has closely followed the trends of Bitcoin and Ethereum in recent weeks, climbing to $0.00014 in February. However, like other assets, it is susceptible to corrections, currently stabilizing at $0.00012. Ranked 115th in the crypto market, LUNC is down 6.5% today, aligning with Bitcoin’s 2% drop to $51,134. Other altcoins like Solana, Cardano, and Chainlink have also seen declines of 7%, 4%, and 6.2%, respectively. Some observers note a decrease in LUNC’s trading volume to $56 million, suggesting waning interest among traders. However, this decline isn’t unique to Terra Luna Classic, as the total market has also dipped by 1.8% to $1.95 trillion. Traders are closely monitoring two key ranges on the chart: the green region, corresponding to the support of the up-trending channel, must be defended to enhance the likelihood of an immediate recovery. Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On CryptosHeadlinesToken.com LUNC price chart | Tradingview Terra Luna Classic (LUNC) Technical Analysis and Market Outlook On the upside, the red-marked area indicates a stubborn short-term resistance level. The selling pressure intensified when LUNC reached $0.00014, prompting more traders to short the token or close their long positions, adding downward pressure. The failure to find relief at the middle boundary support of the channel led to an increase in sell orders. Additionally, the bearish crossover in the Moving Average Convergence Divergence (MACD) indicator suggests a challenging week ahead for LUNC. Short positions are likely to remain profitable until the green area support is reclaimed. Despite the current bearish sentiment, there is hope for an immediate rebound as Terra Luna Classic has previously been accepted back into the ascending channel. However, if losses extend beyond the green band, the 200-day Exponential Moving Average (EMA) at $0.000116 could become a crucial support level. Monitoring Bitcoin’s price movements is essential, particularly if it dips below $52,000. A swift recovery would indicate a stronger trend reversal towards $54,000, which could positively impact sentiment across the market. A bullish outcome for Bitcoin is expected to stabilize altcoins like LUNC as traders anticipate the next upward move. Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice. #Luna   #Terra   #Altcoin   #LUNC   #USTC

7 days ago
follow my profile
follow my profile
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Terra Luna Classic’s Price: How Can It Avoid an 18% Potential Drop ? #Write2Earn #TrendingTopic #ETH #PIXEL #BTC Terra Luna Classic (LUNC) saw a remarkable surge of over 415% in Q4 of last year, peaking at $0.00028 in December. However, this rally was followed by a steep correction, with LUNC dropping by 68% to $0.000087 in January 2024. Profit-taking and market sentiment drove this pullback. Yet, the first quarter has ushered in new market dynamics, notably with the introduction of the Bitcoin ETF. Terra Luna Classic (LUNC) has closely followed the trends of Bitcoin and Ethereum in recent weeks, climbing to $0.00014 in February. However, like other assets, it is susceptible to corrections, currently stabilizing at $0.00012. Ranked 115th in the crypto market, LUNC is down 6.5% today, aligning with Bitcoin’s 2% drop to $51,134. Other altcoins like Solana, Cardano, and Chainlink have also seen declines of 7%, 4%, and 6.2%, respectively. Some observers note a decrease in LUNC’s trading volume to $56 million, suggesting waning interest among traders. However, this decline isn’t unique to Terra Luna Classic, as the total market has also dipped by 1.8% to $1.95 trillion. On the upside, the red-marked area indicates a stubborn short-term resistance level. The selling pressure intensified when LUNC reached $0.00014, prompting more traders to short the token or close their long positions, adding downward pressure. The failure to find relief at the middle boundary support of the channel led to an increase in sell orders. Additionally, the bearish crossover in the Moving Average Convergence Divergence (MACD) indicator suggests a challenging week ahead for LUNC. Short positions are likely to remain profitable until the green area support is reclaimed. Despite the current bearish sentiment, there is hope for an immediate rebound as Terra Luna Classic has previously been accepted back into the ascending channel. However, if losses extend beyond the green band, the 200-day Exponential Moving Average (EMA) at $0.000116 could become a crucial support level.

7 days ago
RayHan bros
RayHan bros
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The crypto bulls appear to have entered a trivial consolidation phase, as the majority of them have dropped below their newly gained highs. Amid the bearish pressure, Chainlink (LINK) and Avalanche (AVAX) prices are showing some signs of a rebound. However, the bears do have a major dominance at the moment but if the bulls display some strength, the prices could erupt into the next major resistance. Chainlink (LINK) Price Analysis:The Chainlink price is heavily consolidating above the newly formed resistance-turned-to-support levels, which signals the growing strength among the bullsWith this, the DMI is suggesting the token remain under consolidation between $19 and $23 for a few weeks as the +Di & -Di may undergo a bearish crossover, which may compel the price to trade sidewaysTherefore, the levels may maintain an ascending consolidation and later undergo a bullish breakout beyond $25Besides, the depleting volume may raise some concerns, which could delay the breakout, but the token undergoing a bearish pullback could be unlikely. Avalanche (AVAX) Price Analysis:The Avalanche price has been displaying acute strength for a long time and has maintained levels around the gains Although the latest pullback has dragged the levels slightly lower, the bulls have managed to hold the price above the support, which suggests a rebound could be fast approachingThe RSI is trying to trigger a rebound at the average levels, while the MACD is flashing bearish signals. Therefore, the AVAX price may either experience equal bullish or bearish pressure or else both are expected to remain passive.In both cases, the price could remain still with negligible volatility and may initiate a flip as the selling pressure fades📌 If you find this information helpful, consider supporting me.Follow me and like,share,quotes this post.. Your generosity helps me provide quality content. #Write2Earn #TrendingTopic

8 days ago
koinmilyoner
koinmilyoner
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🚀TRX Rises Quietly, $0.18 Next?🚀 Tron price is rising beyond $0.120 vs the US Dollar. Outperforming Bitcoin, TRX might surge beyond $0.140. Tron is rising over $0.122 US dollar barrier. Price is above $0.1350 and 100 SMA. The 4-hour TRX/USD chart shows a bullish trend line with support at $0.1382. The pair may rise to $0.165 or $0.180. Tron Price Gains Recently, Bitcoin and Ethereum rose into the positive zone. Tron price was well-bid and steadily rose over $0.120 barrier. Above $0.128 and $0.132 barrier levels, prices rose steadily. Finally, TRX hit a multi-week high above $0.1400 and is stabilizing. It is above the 23.6% Fib retracement of the $0.1309 swing low to $0.1400 high. Tron is above $0.1350 and the 4-hour SMA. The 4-hour TRX/USD chart shows a bullish trend line with support at $0.1382. Initial resistance is approaching $0.1400 on the upswing. Price might surge beyond $0.1420, the first big obstacle. Near $0.1650 is next resistance. TRX may rise to $0.1720 if it breaks $0.1650 barrier. Bulls may push for $0.20 after breaking resistance at $0.180. TRX Dips Supported? If TRX fails to break $0.140, it might fall. Initial downward support is between $0.1380 and the trend line. Below $0.1350, the 50% Fib retracement level of the upward trend from the $0.1309 swing low to the $0.1400 high, it might challenge $0.1320. More losses might push Tron toward $0.1250 in the following sessions. Tech Indicators TRX/USD MACD is rising in the positive zone after 4 hours. 4 hours RSI (Relative Strength Index): TRX/USD is above 50. Major Support Levels: $0.1380, $0.1350, $0.1320. Major Resistance Levels: $0.140, $0.1650, $0.180. #TRX #Write2Earn #TrendingTopic

8 days ago
CryptoPotato
CryptoPotato
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The rally that began after XRP broke above 54 cents appears to be picking up speed. In the following, we take a look at a few technical indicators that might provide some insights into why the XRP price is up today. Key Support levels: $0.54 Key Resistance levels: $0.68 1. Buyers Continue to Dominate Sustained buy volume has pushed XRP to almost 57 cents at the time of this article and gives confidence that this rally may just be starting. The resistance at 68 cents is the current target for this uptrend. Chart by TradingView 2. Bullish Momentum Intensifies As the price moved upward, the candles on the three-day timeframe made higher highs with expanding bodies. This signals that the bullish momentum is intensifying. The three-day RSI has also moved above 50 points, placing it on the bullish side. Chart by TradingView 3. Bullish Cross on the MACD The three-day MACD did a bullish cross. This is a significant change in the price action and shows that this rally is only beginning to materialize. If the past is of any indication, XRP has a good chance to move higher for the rest of the month and test the key resistance at 68 cents. Chart by TradingView The post Why is the Ripple (XRP) Price Up Today? appeared first on CryptoPotato.

8 days ago
CoinQuest
CoinQuest
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Is it Too Late to Invest in VeChain?💥 Amid VeChain's impressive ascent on the institutional layer-1 front, the question arises: is it too late to hop on board? This analysis will delve into VET's recent price actions and weigh them against the potential of Scotty AI, a new AI meme currency, as an alternative investment. Excitement among VeChain holders is palpable, fueled by rumors of a potential listing on major US exchange UpHold, evident in the soaring sentiment across crypto X (formerly Twitter), with VET enthusiasts teasing ambitious price targets. As VeChain's Price Climbs, Is the Ship Sailing? VeChain is currently priced at $0.044 (with a 24-hour change of -1.54%), having retreated from a recent peak. Following rejection from resistance at $0.051 on February 16, downside momentum has prevailed locally, resulting in a -16% pullback. Nevertheless, robust support near $0.045 indicates potential consolidation at current levels. VeChain Price Analysis: Timing the Purchase after a 50% Surge The growing disparity from the 20DMA (now at $0.034), which has provided crucial support since October, raises red flags. Given VET's significant deviation from this key support, retesting it could trigger a -22% decline. While the 200DMA is on the rise, it remains below the trading channel at $0.025. An RSI reading of 77.7 suggests overheated conditions, hinting at a possible price retreat. However, the MACD indicator, reflecting bullish momentum at 0.0015, offers a conflicting view. VET Price Analysis: Balancing Short-Term Risks with Long-Term Potential Beyond $0.0488, VET's price could surge by +10.27%. Conversely, a drop to $0.0388 (-12.4%) remains a possibility. With a risk-reward ratio of 0.83, indicating a weak entry overshadowed by short-term retracement risk, VeChain's current analysis presents a less appealing opportunity. While VeChain's price analysis may lack allure at present, another narrative could emerge, presenting a lucrative opportunity once the AI story regains traction in the crypto markets. $VET #Write2Earn #TrendingTopic #AmanSaiCommUNITY

8 days ago

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