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Cryptoglobe
Cryptoglobe
Dogecoin ($DOGE) Price Analysis - Bullish Signals
2 days ago
Crypto
ETH
AI Analysis Token(AIAT)

$0.32

2.28%

Market Cap
N/A
 

Volume (24h)
616.23k
 

11.32%

Released on 18 Jan 2024
Cryptos Headlines
Cryptos Headlines
followers

Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website > CryptosHeadlinesToken.com LUNC Price Analysis Hints Last Pullback Before a Leap to $0.00018 The overhead supply pressure may push the LUNC price for a pullback to $0.00011; should you enter this dip? Amid the waning bullish momentum, the crypto market is witnessing high volatility which triggered a consolidation phase in the majority of major coins. Thus, the Terra Classic price stalled its recovery at $0.000137 resistance, projecting an early sign of bearish reversal. Will the LUNC price $0.0001 loss again? Bullish Pattern Hints LUNC Price to Prolong Recovery  LUNC Price| Tradingview The LUNC coin picked up sufficient recovery momentum in February when the price rebounded from the bottom support of $0.0009185. The positive upswing surged the altcoin 53.6% in two weeks to hit a high of $0.000137. Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website > CryptosHeadlinesToken.com This recovery backed by increasing volume and occasional pullback reflects sustainable growth. However, with the leading cryptocurrency Bitcoin struggling to surpass the $52000 barrier, the altcoins sparked a potential of a fresh correction trend. With an intraday 0.36% loss, the LUNC price showed a long rejection candle at the $0.000137 resistance. If the overhead supply pressure persists, the sellers may drive up to 18% correction to find suitable support at $0.000116. An analysis of the daily time frame chart, a potential way to develop a well-known reversal pattern called the inverted head and shoulder pattern. This chart setup represents a clear transition from a downturn to an uptrend pattern. Thus, if the broader trend remains bullish a retracement to $0.000122 or $0.00011 can offer a suitable pullback opportunity to potential traders. The buyers looking for a safe entry opportunity must wait for a breakout above this $0.000137 resistance to complete the chart formation. This potential breakout would intensify the buying momentum and may drive the prevailing recovery to $0.000184. Technical Indicator Average Directional Index: The ADX slope at 32% reflects the buyers may hit exhaustion soon and need a pullback to recuperate the bullish momentum.Exponential Moving Average: The daily EMAs(20, 50, 100, and 200) reflect the market sentiment is back on recovery sentiment. #Luna   #Terra   #LUNC   #USTC   #Bitcoin‬

3 days ago
Coinpedia
Coinpedia
followers

The post Polygon Price Analysis: History to Repeat, MATIC Price to Undergo a Massive Ride Soon! appeared first on Coinpedia Fintech News Polygon has been trading under the shadows for a long time, being aloof from the wide attention of the market participants. While some look at it as a huge drop in bullish strength, which could lead to a huge descending trend, in reality, the MATIC price is preparing for a huge bullish action. The bulls are maintaining a passive trend as they tend to accumulate strength and exhibit it as the levels approach the apex of the prevailing consolidation.  The price has displayed its ability to go long during the 2021 bull run where it gulped a couple of zeros from its value to reach the aTH close to $3. Although the prices have slipped back to cents, it appears that the popular layer-2 token is making arrangements to undergo an uninterrupted rally.  Earlier, the price broke out of the triangle and underwent a 10x and hence, a similar price action is expected at the moment as the token is stuck up within a similar bullish pattern.  The last week, which closed on a bullish note has propelled the price above the triangle. Regardless of the bearish pressures, the levels have been maintained above the gains, suggesting a significant presence of the bulls. The token seems to have approached the end of the consolidation and, hence, may undergo a massive breakout. The Polygon price had consolidated in a similar triangle just before the 2021 bull run and hence a recurrence of the event could be imminent.  However, the rebranding from Matic Network to Polygon had a massive impact during the 2021 bull run. Now that Polygon 2.0 is expected to roll out with the token migration from MATIC to POLS (which is already live), an equal impact is expected in the latter part of the year. The Polygon price is expected to sustain above $0.96 until the day closes and achieve a minimum level of $1.5 to $1.7 by the end of the week.  Hence, this could validate the beginning of a fresh bull run, which may end up marking a new ATH with double-digit figures.

3 days ago
CryptoNews
CryptoNews
followers

Ripple’s price stumbled 8% to a weekly low of $0.53 on Feb. 22 but curtailed selling pressure among traders signals widespread intent to hold out for a rebound phase.  The price of Ripple (XRP) soared to a February 2024 peak of $0.58 on Feb. 15, riding on bullish headwinds spread across the layer-1 crypto sector. As XRP price retreated below $0.55 this week, investors have increasingly refrained from selling rather than entering a large-scale sell-off. XRP bulls refrain from selling amid 8% retracement XRP’s price joined other top-ranked layer-1 coins at the forefront of the crypto market rally last week. Increased demand and positive sentiment surrounding layer-1 altcoins and a timely $120 million inflow from crypto whales were major rally drivers.  While XRP price lagged behind rival layer-1 coins like Avalanche (AVAX), Solana (SOL), and Ethereum (ETH), all of which scored double-digit gains, XRP’s 7.4% uptick was enough to propel it to a new monthly peak of $0.58 on Feb. 15.   After another brazen attempt at flipping $0.58 territory on Feb. 19, XRP price entered a sharp 8% pullback to a local low of $0.53 at press time on Feb. 22. On-chain data trends show that most current XRP holders have maintained a bullish outlook amid the price downtrend. The Santiment chart shows that XRP trading volume rose to $1.1 billion at the peak of last week’s rally of Feb. 15. As prices began to slide, XRP traders have increasingly dialed down their trading activity. Ripple (XRP) Daily Trading Volume vs. Price | Source: Santiment The chart above shows that XRP trading volume is down by $760 million compared to last week’s peak. At the time of writing on Feb. 22, only $357.9 million worth of trades were recorded in the last 24 hours.   XRP trading volume dropped 73.2% between Feb. 15 and Feb. 22. However, XRP price declined by only 8% during that period.  When trading volume declines faster compared to the pace of price decline, savvy investors see it as a sign of strong underlying confidence. It suggests that investors expect the current pullback to transition swiftly into a rebound phase.  Additionally, key fundamental factors, such as the overall altcoin market cap growth this week, with BTC and ETH both trading at historic peaks, also further reinforce the optimistic outlook for an imminent XRP price rebound. XRP price forecast: Bulls to defend $0.50 fiercely The curtailed selling pressure observed in the markets this week puts XRP in a prime position to avoid a further downswing below $0.50. However, the upper Bollinger band indicator shows that in the case of an early rebound, the bulls face initial resistance at the previous peak, around $0.58. If the bullish scenario is as predicted, XRP price could enter a major breakout towards $0.60. Ripple (XRP) Price Forecast, Feb. 22, 2024 | Source: TradingView Conversely, the bears could invalidate this optimistic price forecast if they force a reversal below the critical $0.50 area. As depicted by the lower Bollinger band indicator, the buy wall at $0.49 could offer considerable support in the short term.

3 days ago
Cryptopolitan
Cryptopolitan
followers

Bitcoin (BTC) continues to hover around the $51,500 mark, showing signs of consolidation after recent gains. Market analysts anticipate a potential pullback in line with previous bull market patterns, particularly ahead of the upcoming block subsidy halving in April.  Despite the narrow trading corridor and resistance at $52,000, seasoned observers remain optimistic about BTC’s long-term prospects. Rekt capital’s insights and market sentiment In his recent YouTube video on February 20th, well-known trader Rekt Capital highlighted similarities between BTC’s current price action and previous bull runs in 2016 and 2020. He pointed out key phases common to both periods, emphasizing the significance of a macro downtrend break preceding upside movements before halving events.  However, Rekt Capital also noted a missing element in the current cycle: the pre-halving retrace phase, where BTC typically retests resistance before moving higher. Despite a clear pre-halving retrace, analysts like Caleb Franzen of Cubic Analytics remain unfazed by BTC’s recent rangebound movements. Franzen highlighted BTC’s stability over the past week, with prices fluctuating between $50.6k and $53k.  He dismissed panic and bearish sentiments, emphasizing the absence of significant downward movements. Echoing Franzen’s sentiment, analyst Matthew Hyland emphasized the importance of the 0.618 Fibonacci retracement level from all-time highs, which sits just above $48,000. Hyland noted that while a breach below $49k could alter the market outlook, consolidation within an uptrend typically signals a continuation of bullish momentum. Future outlook and key considerations As Bitcoin approaches its next block subsidy halving, market participants remain attentive to potential price movements. While historical patterns suggest a period of consolidation and retrace before significant upward momentum, the current market cycle presents some deviations.  The absence of a clear pre-halving retrace phase raises questions about BTC’s immediate trajectory, but overall sentiment remains cautiously optimistic.

3 days ago
Crypto Web3 Today
Crypto Web3 Today
followers

Litecoin Price Analysis: A Closer Look at Market Trends. While the rise in the cryptocurrency market pleases investors, a segment of crypto assets continues to stagnate. Litecoin (LTC) price is above the long-term support level but continues to trade within a short- term bearish formation. LTC price has been trading without significant volatility for about a year. So, how much longer will this trend continue? Litecoin Weekly Chart Analysis. The weekly time frame technical analysis shows that LTC has been increasing along a rising support trend line since June 2022. Since August 2023, the trend line has been confirmed six times (green symbols) but has failed to initiate significant bullish movements. The trend line has been in existence for over 620 days. Additionally, the LTC price is trading above a long-term horizontal support area. Similarly, the weekly Relative Strength Index (RSI) continues to show uncertainty. Market investors prefer to use the RSI level as a momentum indicator to determine overbought or oversold conditions and decide whether to accumulate or sell an asset. Litecoin Daily Chart Analysis. While the weekly time frame provides an ambiguous reading, the daily chart continues to show a downtrend due to LTC price movements. Since September 2023, the movement has been within an ascending parallel channel, indicating that the rise is corrective. Significant overlaps within this formation also suggest a corrective increase. Currently, the LTC price is trading at the lower end of the channel, and the RSI has dropped below 50. If LTC breaks out of the channel, it could fall to the next nearest support at $58, a 15% decrease. However, a rise above the channel's mid-line could trigger a 16% increase towards the $80 resistance trend line. On the social media platform X, many cryptocurrency investors and analysts are optimistic about the future trend of LTC. CryptoSurf, shared a long-term fractal with followers, indicating that LTC price has just started a long-term bullish cycle.

4 days ago

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