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Coinpedia
Coinpedia
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The post Ethereum Flashes Bearish Signals: Here’s Where It May Reach If Bulls Fail to Defend the Support appeared first on Coinpedia Fintech News The crypto markets are swinging into a strong consolidation phase. While the Bitcoin price is feared to drop below $51,000, & Ethereum price sticks above $2950. With this, the market participants could be hopeful of the token surpassing $3000 any time from now on. But, unfortunately, the second largest crypto appears to be preparing to offer another buying opportunity, probably below $2,600 very soon.  The ETH price traded within an ascending pattern, forming consistent higher highs and lows, which indicated a growing strength among the bulls. The latest trade set-up suggests the price is preparing to either be stagnant for a while or initiate a fresh bearish case. However, the latter possibility appears to be more likely, as the formed candlestick pattern suggests a trend reversal may have materialised. After marking the highs above $3000, as a result, it formed a ‘Bearish hammer’, with the close of the candle being higher than the open. Moreover, the previous day’s trade witnessed enough competition between bulls and bears, which formed a ‘Doji Candle’. Doji candles usually occur at the end of uptrends and signal bearish reversals. However, the ETH price has been facing acute bearish pressure since the early trading hours, which has validated the beginning of a fresh descending trend.  Additionally, the RSI formation also substantiates the bearish claims as it is plunging after marking the highs above 82. If the levels drop below the threshold at 70, then the Ethereum bulls could lose their grip on the rally, compelling the price to test the support zone between $2392 and $2446. If the bulls fail to hold the rally at these levels, then the ETH price may slide down towards a lower target. However, this appears to be more unlikely.  Collectively, the Ethereum (ETH) price continues to trade within a decisive phase where a drop below $2900 may trigger a fresh bearish case while a rise above $3000 may trash all these possibilities. 

2 days ago
Coinstages
Coinstages
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Cardano achieves its highest weekly close since May 2021, signaling potential long-term bullish cycle.Despite bullish indicators, caution advised due to bearish divergence on weekly RSI. Cardano (ADA) has been on a notable upward trajectory since September 2023, capturing the attention of cryptocurrency investors and analysts alike. The culmination of this rise was marked by a significant milestone in December when ADA reached a new yearly high of $0.68. This rally was not just a short-term surge but a movement that positioned ADA for its highest weekly close since May 2021, signaling a potential long-term bullish cycle for the digital currency. Despite the optimistic trend, ADA faced challenges in surpassing the $0.58 horizontal resistance area. The presence of six consecutive long upper wicks indicated substantial selling pressure at this level, casting doubts on the sustainability of the upward movement. However, ADA’s resilience was evident as it eventually secured a weekly close above this critical resistance area, setting a new benchmark for its performance since May 2022. The Bearish and Bullish Indicators: A Tale of Two Timeframes The weekly Relative Strength Index (RSI), a momentum indicator crucial for evaluating market conditions, presents a contrasting view. Despite ADA’s price achievements, the RSI has exhibited bearish divergence, often a precursor to potential downward movements. This divergence suggests that caution is warranted, even in the face of recent price gains. Conversely, the daily timeframe paints a more bullish picture, buoyed by positive price action, wave count, and RSI readings. ADA’s ability to break out from a descending resistance trend line and reclaim the $0.58 resistance area is a testament to its growing strength. An RSI movement above 50 further legitimizes the bullish sentiment surrounding ADA’s market behavior. To explore more thoroughly the bullish potential for Cardano, you can watch this YouTube video. Community Sentiment and Market Predictions The cryptocurrency community’s response to ADA’s performance has been overwhelmingly positive. Zach Humphries’s decision to accumulate ADA over several years, along with a poll by WhaleFUD suggesting that 48% of respondents believe ADA could surpass Ethereum in market capitalization, underscores the optimistic outlook for Cardano. Furthermore, Cardano’s founder, Charles Hoskinson, engaged with the community through a surprise AMA, fueling excitement and speculation about ADA’s future. Technical analysis, supported by the Elliott Wave theory, indicates that ADA is in the fifth and final wave of its upward movement. This analysis suggests a potential top of the increase at $0.83, representing a 40% gain from the current price level. However, investors are cautioned that a close below $0.58 could trigger a significant drop to the $0.50 support level, highlighting the volatile nature of the cryptocurrency market. At the time of writing, the price of ADA had fallen 0.64% in the last 24 hours, fell to price of $0.5959. But, this represents an increase of 3.33% over the past 7 days. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #cardano #ADA

3 days ago
宇宙区块观
宇宙区块观
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Bitcoin and altcoins undergo market adjustment: potential extreme targets for SOL in the future The past 24 hours have not been smooth for altcoins, and the exit from the spot Bitcoin ETF reminds us that we won’t see multi-billion dollar accumulations every day. The expected price correction arrived without delay, with Bitcoin falling below $52,000. At the time of preparing this article, it is still hovering around $51,000, below key areas. The altcoin also saw considerable losses based on its support levels. Solana The price of SOL coin has been increasing since falling to $79 in January. Bitcoin's decline has also affected it, with the price falling back to the $100 level over the past 24 hours and now finding buyers at $104. Whenever Bitcoin has seen a rally, the popular altcoin has been very strong, supported by hype within the network. The $100 level has long been a key area for price correction. As long as the price remains above this resistance area, we should see the upside potential continue. The RSI on the weekly chart shows that the bull market still holds the upper hand. SOL coin has been trading within a symmetrical triangle since its peak on December 25, 2023, a neutral pattern that warns of an imminent breakout. Investors who were waiting on the sidelines finally seized the opportunity. SOL seems like the right choice to buy at around $100, and I think buy and hold is a good option for those considering buying for the long term. SOL coin is currently at a good level for those considering long-term buying. The price of SOL coin indicates that it is consolidating for another round of gains. The most likely count shows that SOL is on the third of five rising waves with a target of $145. While the wave count to new highs looks promising, a downward breakout from the symmetrical triangle could pull SOL coin price back to $69. This will be a potential extreme target for SOL coin in the coming weeks. #solana For more analysis, pay attention to the universe, and share free daily spot passwords and bull market strategy layouts at the top of the list!

3 days ago
TheVRSoldier
TheVRSoldier
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Solana is trading above the $100 level, but has not yet reached its 2023 high and remains inside a neutral pattern. Let’s figure out which direction to expect a breakthrough in. Solana (SOL) price has been inside a neutral pattern since its 2023 high. Let’s try to figure out what kind of breakthrough should be expected – in the northern or southern direction. Solana consolidates above $100 The weekly timeframe shows that the price of SOL has risen after falling to a low of $79 in January. Over the past two weeks, it has formed two bullish weekly candles in a row and reached a high of $119. The token closed above the long-term $100 Fibonacci level, but failed to reach its 2023 high at $126. Instead, it formed a falling high. The weekly relative strength index (RSI) is giving mixed signals. Although the indicator is above the neutral 50 mark, it has also formed a bearish divergence that often precedes downside moves. SOL Forecast The daily timeframe cannot confirm the direction of the trend due to ambiguous price dynamics and wave analysis results. source: tradingview Solana is likely trading inside a symmetrical triangle constructed from the December 25, 2023 high. A symmetrical triangle is considered a neutral pattern, meaning the price can make either a bullish or bearish breakout from it. At the time of writing, Solana value is at $104.72. However, crypto trader Altcoin Sherpa believes that SOL is in a favorable position to enter the market: “Buying around $100 seems about right; The chart is still quite volatile. I think simply buy and hold #Solana will be the best strategy for most.” $SOL : Buying around $100 seems right; this is still a pretty choppy chart. I think that just buying and holding is going to be the best strategy for most people overall. #Solana pic.twitter.com/0bGFCwXZYv — Altcoin Sherpa (@AltcoinSherpa) February 20, 2024 Solana: When to Expect a Bullish Breakout? According to the VR Soldier experts, the wave analysis suggests that the price is consolidating in anticipation of a new bullish move. Most likely, SOL is in the fourth wave of a five-wave upward movement. It is possible that the fourth wave took the form of a symmetrical triangle. If this calculation is correct, the currency will continue to consolidate in the triangle and then make a bullish breakout from it. In this case, the price could rise by almost 40% to the next resistance at $145. Despite this bullish outlook, a bearish breakout from the triangle would mean that a local top has already been reached and SOL could fall 35% to the 0.5 Fib retracement support level at $69. The post Solana Above the $100 Mark: Will SOL Break the Records first appeared on The VR Soldier.

3 days ago
Crypto With Azam
Crypto With Azam
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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

3 days ago
Damian Nappo U1N7
Damian Nappo U1N7
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 Damian nappo 2:14 PM・Feb 23, 2024 Bullish Follow $SPELL Latest update🟤 🟡Abracadabra (SPELL) Price Analysis: 🔵Current Price: $0.00063 Market Cap: $63.15 million Recent Performance: 🏟strongly bullis 🟢Price Predictions:🟤 Several prediction websites offer varying forecasts for SPELL, ranging from $0.0005 to $0.001 by the end of 2024. These predictions should be taken with a grain of salt, as the cryptocurrency market is highly unpredictable. 🚨Down 5.22% in the last 24 hours 🚨Up 0.79% in the last 7 days 🚨Down 26.50% in the last year Down 92.93% from its all-time high of $0.0088 🛑Technical Analysis: The 14-day RSI is at 64.03, indicating potential overbought territory. The 50-day and 200-day SMA are both around $0.0005, suggesting possible resistance levels. Short-term technical indicators are mixed, with some suggesting a pullback and others hinting at continued upward movement. 🛑Fundamental Analysis: Abracadabra is a unique DeFi protocol with innovative features like leveraged yield farming and flexible collateral options. The MIM stablecoin has proven relatively stable despite market volatility. The recent security breach might have dampened investor confidence. The overall DeFi market sentiment is still recovering from the 2022 crash. 🟢Overall: SPELL has experienced significant volatility in recent months. While the project has promising fundamentals, short-term price movements are uncertain. Careful research and consideration of your risk tolerance is crucial before investing in SPELL. $SOL $SOL

3 days ago
CryptoMaestroking
CryptoMaestroking
followers

👀👀👀HIGH ALERT👀👀👀 Solana Coin (SOL) Price Analysis – February 2024 Bearish............. 🏅🏅Give if you want 3 USD, open my first pinned post and claim, click my profile picture to open🎇🎇💓 🌟🌟🌟 Technical Analysis:🌟🌟🌟 The 14-day relative strength index (RSI) is at 70.94, indicating potential overbought conditions. The 50-day and 200-day simple moving averages (SMA) are $96.55 and $52.68, respectively, suggesting a possible long-term uptrend. Some analysts see a potential breakout of a recent resistance zone, while others expect a pullback before further upward movement. Fundamental Analysis: Solana's fast transaction speeds and low fees continue to attract developers and projects to its blockchain. The recent rise in popularity of NFTs and gaming on Solana could further boost demand for SOL. However, concerns about network outages and scalability remain. Overall feeling: Overall sentiment towards SOL is generally optimistic, with many analysts predicting further price increases in the long term. However, there is some near-term uncertainty due to potential overbought conditions and the recent price correction. Disclaimer: This is not financial advice. Please do your own research before making an investment decision. If you found this helpful, please consider tipping me via the Binance Tipping feature. Your generosity will help me continue providing high-quality content. 🙏🏿 #Write2Earn #Sei #PIXEL #TrendingTopic #SolanaWealth

3 days ago
CryptoPotato
CryptoPotato
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Ethereum is back above $3,000 after a brief pullback. In the following, we take a look at a few technical indicators that might provide some insights into why the ETH price is up today. Key Support levels: $2,900 Key Resistance levels: $3,340 1. Bulls Are in Control The ETH rally is in full swing, and its current target is found at $3,340, which is a key resistance. The price appears a bit overextended, but as long as bulls keep this momentum, the rally can continue. Chart by TradingView 2. Key Support Retested Successfully After the price broke above $2,900, ETH entered a brief pullback, which confirmed this level as a key support. This gave the green light to buyers to move this cryptocurrency higher still. Chart by TradingView 3. Daily RSI Overbought The daily RSI is at 77 points, placing it in the overbought area. This is a show of strength right now, but if a bearish divergence is confirmed later on (higher price, lower RSI), it would be best to remain careful. At the time of this post, the bias is bullish. Chart by TradingView The post Why is the Ethereum (ETH) Price Up Today? appeared first on CryptoPotato.

3 days ago
Eternel insatisfait
Eternel insatisfait
followers

This is when #Altcoins will go Parabolic🚨 The Altcoin Marketcap has flipped all important levels into support & price keeps printing new local highs. In the previous bull run, altcoins started to go vertical once the 2W RSI crossed the 70 level. Currently, the 2-week RSI is trading right below the 70 level. Once it breaks above 70, alts will go parabolic. Remember, we are looking at a 2-week chart here, so it might take some time & consolidate for a little longer. Also, in the last cycle, the RSI crossed 70 level six months after the Bitcoin halving but considering that this cycle is a little different and Bitcoin is already trading above 0.618, we might see it sooner than you think. Pre-Halving or Post-halving if history repeats even in the worst case scenario, it should happen sometime this year. All I would say is Ignore the short-term price action, the big picture looks incredibly bullish. Dips are for buying This bull market will be the greatest of all time🚀 #Write2Earn

3 days ago
TopCryptoNews
TopCryptoNews
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We have not had a good 24 hours for altcoins, and the Spot Bitcoin ETF exits reminded us that we will not see a half-billion-dollar accumulation every day. The expected price correction arrived without much delay, and Bitcoin fell below $52,000. As the article is being prepared, it continues to linger around the $51,000 level, below the key region. There is also a reasonable decline in altcoins according to their support levels. Solana (SOL) Since dropping to $79 in January, the SOL Coin price has been increasing. However, BTC declines also affect it, with the price retreating to the $100 level in the last 24 hours and now finding buyers at $104. The popular altcoin is so strong thanks to the support of the hype in the network whenever BTC makes an upward move. The $100 level has been acting as a key region in the price corrections for a long time. We should see the upward potential continue as long as the price remains above this resistance area. The weekly chart’s RSI indicates that the bulls maintain their advantageous position. SOL Coin Price Prediction The readings on the daily chart are complex, but the Elliott wave count gives us the opportunity to see possible levels and potential. On the other hand, since its peak on December 25, 2023, SOL Coin has been trading within a symmetrical triangle, and this neutral formation serves as a warning of an impending breakout. A popular cryptocurrency analyst, Altcoin Sherpa, believes that investors waiting on the sidelines have finally caught the opportunity. “SOL: Buying around $100 seems right; it’s still a very volatile chart. I think just buying and holding is a good option for people. SOL Coin is at a good level for those considering a long-term purchase”. Returning to the Elliott wave count, SOL Coin’s price suggests it is consolidating for another upward move. The most likely count shows that SOL is in the third wave of a five-wave upward movement, targeting $145. While the wave count for a new peak is promising, a downward breakout from the symmetrical triangle could roll the SOL Coin price back to $69. These will be the potential extreme targets for SOL Coin in the coming weeks. $SOL $BTC #SOL #BTC #Write2Earn

3 days ago
RayHan bros
RayHan bros
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This is when Altcoins will go Parabolic🚨 The Altcoin Marketcap has flipped all important levels into support & price keeps printing new local highs. In the previous bull run, altcoins started to go vertical once the 2W RSI crossed the 70 level. Currently, the 2-week RSI is trading right below the 70 level. Once it breaks above 70, alts will go parabolic. Remember, we are looking at a 2-week chart here, so it might take some time & consolidate for a little longer. Also, in the last cycle, the RSI crossed 70 level six months after the Bitcoin halving but considering that this cycle is a little different and Bitcoin is already trading above 0.618, we might see it sooner than you think. Pre-Halving or Post-halving if history repeats even in the worst case scenario, it should happen sometime this year. All I would say is Ignore the short-term price action, the big picture looks incredibly bullish. Dips are for buying This bull market will be the greatest of all time🚀 📌 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 #Portal

3 days ago
Coinpedia
Coinpedia
followers

The post Woldcoin (WLD) & Singularity (AGIX) Fight for Supremacy: Who Will Be the Top Performer for the Day? appeared first on Coinpedia Fintech News Worldcoin price exploded a couple of days before gaining over 170% and Singularity soared above 130% at the same time. Meanwhile, the top cryptos like Bitcoin and Ethereum are trading around the gains after marking new yearly highs, suggesting market sentiments continue to remain under bullish influence. Now that the traders are also optimistic about the upcoming trend, the newly launched tokens are making huge rounds.  WLD & AGIX prices are heading strongly to become billion-dollar assets. However, it could be interesting to know whether WLD will surpass AGIX to become the top performer with half the trading volume of others. Singularity price underwent a parabolic recovery after rising above the losses and has reached the crucial resistance zone. The volume has also increased to some extent, which is expected to keep up the bullish trend. The RSI has surged higher indicating the token has entered an overbought zone. However, the levels are expected to remain within the zone, which may propel the price above $1 shortly.  Alongside, WLD bulls appear to have minimised their activity as the price has lowered its pace but has been the top performer among the top 100 cryptos.  WorldCoin has been trading within an ascending parallel channel since the beginning and the latest bullish push has enabled the price to rise above. The RSI has soared beyond the upper threshold for the first time in the past few months, indicating the price will maintain a continued trend. The price is expected to remain elevated after undergoing a parabolic recovery, which may set up a fresh bullish case for the WLD price.  WoldCoin and Singularity have been the top 2 performers for the day, outperforming many popular and large-cap tokens. However, among these multiple AI tokens, Render (RNDR), Graph (GRT), etc. have been offering tough competition. Therefore, it would be interesting to watch which token could achieve the top performer tag by the end of the day. 

3 days ago
Cryptopolitan
Cryptopolitan
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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 

3 days ago
Coinstages
Coinstages
followers

Litecoin’s (LTC) price is currently above a support line that has been in place for a long time, indicating a significant level of historical support. However, it is also within a short-term pattern that suggests a bearish trend may be forming. Litecoin’s (LTC) price has remained relatively stable without experiencing significant ups and downs for almost a year now. It raises the question of how much longer this trend will persist. Litecoin (LTC) Technical Analysis: Long-Term Trends and RSI On the weekly time frame, Litecoin (LTC) has been following an ascending support trend line since June 2022. Over the past year and a half, this trend line has been tested six times, as indicated by green icons. However, these tests have not led to significant upward movements in the LTC price. The trend line has been in place for more than 620 days, highlighting its significance in LTC’s price action. Additionally, LTC is currently trading above a long-term horizontal support area. In terms of the Relative Strength Index (RSI), which is used by traders to gauge momentum and identify overbought or oversold conditions, the weekly RSI for LTC is inconclusive. Readings above 50, coupled with an upward trend, typically indicate bullish momentum, while readings below 50 suggest bearish momentum. However, the RSI for LTC is currently increasing but remains below 50, indicating an uncertain trend direction. Analysis of Litecoin (LTC) Price Predictions and Technical Indicators Cryptocurrency traders and analysts on X have expressed optimism regarding the future trend of LTC. CryptoSurf tweeted about a long-term fractal suggesting that LTC is at the beginning of a bullish cycle. NebraskanGooner and CryptoMoneyKing also share positive sentiments, indicating that LTC’s price could see appreciation if it breaks above $72. However, the LTC price action on the daily chart leans towards bearishness. Since September 2023, LTC’s movement has been confined within an ascending parallel channel, indicating a corrective increase. Moreover, the significant overlap within this pattern suggests further correction. Currently, LTC is trading in the lower portion of the channel, with the RSI falling below 50. If LTC breaks down from the channel, it could see a 15% decline to the next support level at $58. However, despite this bearish prediction, surpassing the channel’s midline could trigger a 16% increase towards the resistance trend line at $80. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Litecoin #LTC

3 days ago
NewsBTC
NewsBTC
Ethereum Price Momentum Reignites: RSI Signals Potential Surge To $3K
7 days ago
Crypto Daily™
Crypto Daily™
followers

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.

3 days ago
CaptainAltcoin
CaptainAltcoin
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Solana (SOL) has been having a decent time this month, with some major gains – even more so than some other tokens. On top of that, there may be even more gains in sight for the crypto asset. However, there are some tokens that are overshadowing SOL because they are even more lucrative. The two tokens in question are Bitcoin Minetrix (BTCMTX) and Smog (SMOG), which have the potential for significant growth. We give you all the details on these projects here. Solana Price Prediction: Major Gains Coming In? According to the technical analysis on the weekly time frame, SOL reached its highest point of $126 in 2023, but then declined. The drop reached its lowest point of $79 in January 2024. Since then, the SOL price has risen, forming consecutive positive weekly candlesticks. It hit a peak of $119 on February 14, 2024. The weekly Relative Strength Index (RSI) also shows a negative sign. Market traders use the RSI to measure the momentum of the price and to determine if it is overbought or oversold. They use this information to decide when to buy or sell an asset. If the RSI is above 50 and rising, it means that the bulls have more power, while if it is below 50 and falling, it means the opposite. However, the indicator is also showing a bearish divergence (green trend line), which is a common signal of a downward trend. Bitcoin Minetrix Has A Great Future Ahead of It Bitcoin Minetrix (BTCMTX) is a remarkable tokenized cloud mining platform, known for its efficiency and easy-to-use interface. The project has built a solid reputation by ensuring security and transparency. Users can conveniently get and stake BTCMTX tokens within the platform’s ecosystem, using user-friendly wallets like MetaMask, which are smoothly integrated with Ethereum. Bitcoin mining has usually been difficult for the average person. However, this platform and its token make it possible for anyone who wants to mine the most popular cryptocurrency in the world. This method improves accessibility, allowing investors to stake BTCMTX and get credits for more BTC mining. It also solves the problem of cloud mining reliability and reduces the chance of fraud in the industry. The project has many advantages, such as low startup costs, a safe and simple user interface, and an easy onboarding process. The process consists of buying tokens, choosing the buy-and-stake option, and then getting rewards in Bitcoin. The team has clearly defined an initial roadmap, showing a smart view on the project’s development. After the presale, their main objectives are to get listings on exchanges, start a full-scale marketing campaign, and begin the creation of desktop and mobile apps, which will need more team members. Ongoing talks with trustworthy cloud mining companies show great potential for significant growth, with an emphasis on creating the stake-to-mine contract. The next stage will concentrate on launching stake-to-mine desktop and mobile dashboards and enabling the first Bitcoin withdrawals to wallets. Future plans include adding the feature to exchange mining credits for hash power. The team’s top priorities going forward are marketing activities, possible expansion into cloud mining rentals, and other strategic business operations. Bitcoin Minetrix has reached impressive achievements during its presale, with the BTCMTX token currently worth $0.0136, raising almost $11.3 million. BTCMTX tokens can be bought through credit card transactions, ETH, USDT, and BNB. Also, a tempting Gleam contest offers a $30,000 mine drop reward. Smog (SMOG) Is A Meme Coin That Will Revolutionize The Niche We won’t hesitate to say it: Smog (SMOG) could be one of the biggest meme coins of all time. This Solana-based meme coin has rapidly gained popularity on decentralized exchanges (DEXs), reaching a $2 million market cap on Jupiter. The upcoming airdrop suggests the possibility of huge growth, and the staking option gives an APY of 42%. Do remember that meme coins are always vying for the crown of the fastest growing crypto tokens. This trend has been very clear in the last year, with many meme coins consistently beating the wider market. This trend is likely to persist in the future, with the meme coin niche staying one of the most lively and efficient in terms of producing returns. SMOG is following the footsteps of successful predecessors like Bonk and Myro, which have experienced amazing growth. Notably, SMOG’s DEX trading volumes have lately exceeded those of Uniswap. With its impressive growth, SMOG has the chance to outdo the accomplishments of SPONGE, which saw a 50x increase from $2 million to $100 million. SMOG is certainly one of the most attractive cryptocurrencies to invest in right now, with the upcoming airdrop possibly boosting it to become the top meme coin of 2024. Conclusion Solana (SOL) may have some upward momentum, but Bitcoin Minetrix (BTCMTX) and Smog (SMOG) are set to grow even further this year. We highly recommend keeping an eye on these tokens, joining their presales, and following their social media channels to keep up with the latest news. Check Out Smog Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content. The post Solana (SOL) Price Prediction: Positive Outlook, But Potential Gains Overshadowed By These Two Lucrative Tokens appeared first on CaptainAltcoin.

3 days ago
Crypto updates_
Crypto updates_
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💥📉 5 Pitfalls to Avoid in Trading! Learn and Excel! 📈💥 Tired of facing losses despite your dedication to mastering trading? Here are some game-changing tips to turn your luck around and start raking in profits: ◼️ Stick to One Strategy: Consistency is key! Avoid the temptation to hop between strategies. Dedicate yourself to a single approach per day for a higher success rate. ◼️ Analyze Wisely: Before diving into a trade, conduct a thorough analysis. Check the chart against basic indicators like support/resistance, candle patterns, EMA, RSI, and FVG to boost your chances of success. ◼️ Limit Trades: Quality over quantity! Restrict your daily trades to a manageable number, ideally 4 to 6. This curtails the risk of losses. Always set proper TP & SL to safeguard your investments. ◼️ Master Risk Management: Employ a robust Risk-Reward ratio between 2-3. Even if you lose a few trades, you'll remain in the green. Smart risk management is the cornerstone of profitable trading. ◼️ Follow the Trend: Don't swim against the tide! Trade in alignment with the prevailing trend. Long-term trends often trump short-lived fluctuations, offering more profitable opportunities. ◼️ Control Your Exposure: Risk only 1% of your total balance per trade. For instance, with a $1000 balance, limit your risk to $10 per trade. This safeguards you from significant losses during the learning phase. ◼️ Backtest and Learn: Test your strategies rigorously before applying them live. Start with small amounts and never succumb to revenge trading. Accept losses gracefully, learn from them, and know when to call it a day. Embrace these strategies, persevere through the learning curve, and watch your trading fortunes soar! 💰🚀 🚨Remember: 💥💥A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips 💸would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.🤗💖

3 days ago
Cryptopolitan
Cryptopolitan
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Yesterday, the crypto market saw a big drop, with its total value falling by 2.75% to $1.90 trillion. During this dip, Bitcoin’s share of the market slightly grew by 0.25%, reaching 50.77%. This increase in Bitcoin’s share during a market downturn suggests deeper issues that need a closer look. When we examine why Bitcoin’s price fell, we uncover a range of reasons, from a lack of excitement from everyday buyers to technical signs that suggest prices might drop even more. Let’s unpack. Retail Investors Hold Back Looking closely at Bitcoin’s recent downturn, it’s clear there’s a big lack of new excitement in the Bitcoin market. A quick look at Google Trends shows that people aren’t searching for Bitcoin as much, even though its value has jumped 109% over the past year. This cool interest from everyday buyers is confirmed by Coinbase’s latest financial report, which shows that buying and selling by these small investors have slowed down, especially in the last part of 2023. The once-strong enthusiasm that made up more than 90% of Coinbase’s income has now shrunk to just under half, showing that individual investors are being very careful. Also, data from Santiment, a company that analyzes the market, supports this view, showing a short increase in interest in Bitcoin when the SEC approved 11 ETFs but no lasting new excitement. This makes us wonder, why are investors hesitant? A Pre-Bitcoin Halving Retrace on the Horizon The situation gets more interesting as we look into the patterns that happen around Bitcoin’s halving events. Experts and enthusiasts are starting to talk about the beginning of a pre-halving phase, a repeating pattern that usually leads to big changes in the market. Experienced traders point out that Bitcoin is following a path that’s been seen before in the halvings of 2016 and 2020, suggesting what might happen next. This expected drop before the halving, shown by a 38% and 20% fall in previous cycles, isn’t just guesswork but is based on how the market usually moves. The current trend, marked by a negative change in the Relative Strength Index (RSI), adds to the belief that a correction is coming. This change, which usually signals a possible drop, means that despite recent increases, the push behind Bitcoin’s rise might not last. As Bitcoin approaches important price levels, the conversation turns to when and how much the price might fall back. With $52,000 acting as a tough barrier, the mood in the market is a mix of careful hope and worry. Long-time market observers are still bullish, comparing this to past increases and highlighting the repeating nature of Bitcoin’s price changes.

3 days ago
AZCoinNews
AZCoinNews
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The price of Celestia (TIA) has broken down below the long-term support line and the nearest horizontal support zone. It is likely to undergo a correction in the near future. Long-Term Ascending Support Line The Celestia (TIA) price has risen along with the ascending support line since it started climbing on November 9, 2023. During this period, the price surged by 853.15%, reaching an all-time high of $21.2 on February 10, 2024. Subsequently, the price dropped and broke below the ascending support line on February 20, 2024. Breaking such long-term support is a sign of weakness. Moreover, this move also caused the price to break down below the nearest horizontal support zone at $18.2. The daily RSI (Relative Strength Index) has created a significant bearish divergence and crossed below 50, indicating that the bears have regained control. Therefore, the TIA price is likely to decline to the next support zone at $14.2, which is 19.39% lower than the current price. TIA/USDT daily chart . Source: TradingView Correction Within the Uptrend Despite the prospect of a price decrease on the daily timeframe, the weekly chart remains optimistic. This is because the weekly candles over the past 6 weeks have predominantly been bullish with long lower wicks. The decline remains contained within the breakout candle for the week of January 8 to 14, 2024. Thus, the current price decline can be viewed as a correction within the overall uptrend. TIA/USDT weekly chart . Source: TradingView Conclusion The most likely scenario suggests that the TIA price will decline to the $14.2 zone in the near future. However, this is considered a correction within the overall uptrend. Disclaimer: Please note that this article is for informational purposes only and should not be taken as investment advice. As an investor, it is important to do your own research before making any decisions. We are not responsible for any investment decisions you make based on this information. Not Financial Advice. Source: https://azcoinnews.com/celestia-tia-price-breaks-below-long-term-support-what-next.html

3 days ago

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