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Ether's Potential Surge to $5.2K: Kraken OTC's Technical Analysis
7 days ago
Crypto Man MAB
Crypto Man MAB
followers

$BTC Big updates 🚨 In Thursday blog titled ETF approval for bitcoin the naked emperor's new clothes the European Central Bank detailed an analysis of the Bitcoin market saying that the king if Cryptocurrency has failed on the promise to be a global decentralized digital currency adding that #BTC‬ is still hardly used for legitimate transfers . Other side Bitcoin price continues to hold the $51,335 support but the depressed outlook continues to become heavier Bitcoin could make a 10% fall before the next leg up as multiple technical indicators flash bearish signs. A higher above $52,985 would invalidate the bearish thesis as per FXstreet report . Also Billionaire Tim Draper is Bullish on Bitcoin he said that In interview that in 2025 bitcoin will reach $250K. #Write2Earn #CryptoManMab

6 days ago
Coinstages
Coinstages
followers

XRP has garnered significant attention in recent months. Following the recent crypto market resurgence caused by Bitcoin’s recent surge, many traders hold onto the hope that XRP will finally reclaim its past glories. However, despite these positive indicators, XRP has underperformed, falling 3.68% over the past 24 hours to $0.542. While the broader crypto market witnessed a surge, XRP is lagging. In 2024 alone, the digital token has even dipped by almost 14%. Many investors are still bullish despite the appalling performance, with one Bitcoin investor recently picking up $500,000 worth of XRP. Faced with this mixed bag of signals, We sought insights from PricePredictions, a platform utilizing AI-driven machine learning algorithms to forecast cryptocurrency prices. The analysis focused on XRP’s potential performance over the next 10 days. AI Hints at Short-Term Climb According to PricePredictions’ algorithms, XRP might finally inch upward in the coming days. The prediction model suggests an increase to $0.553549 by March 1, 2024. Furthermore, the AI anticipates this uptrend to continue into mid-March, with XRP potentially reaching $0.570682, representing a 5.29% increase within 30 days from its current price. However, a closer look at technical indicators based on XRP’s recent performance paints a contrasting picture. The token’s short-term outlook leans towards selling. It should be noted that Oscillators and moving averages predominantly signal a sell recommendation, particularly based on the last 24 hours of trading. This discrepancy between AI predictions and technical indicators underlines the uncertainties associated with cryptocurrency price movements. While AI algorithms analyze vast amounts of historical data and market trends, they cannot account for unforeseen events or sudden shifts in investor sentiment, both of which can significantly impact prices. Other factors could also impact XRP in the short term. The most significant of these is the ongoing legal battle between Ripple and the SEC. This lawsuit has hampered XRP’s price and adoption in the U.S. since it began in December 2020, and unforeseen outcomes could significantly affect XRP. Beyond the legal battle, broader market forces also play a crucial role. The overall health of the cryptocurrency market, particularly Bitcoin’s performance, can significantly impact XRP’s price movement. Ultimately, predicting XRP’s long-term price trajectory remains a challenging endeavor. However, a Ripple executive has revealed that the company prioritizes utility and adoption over short-term price movements, showing that the company has bigger plans for the digital asset. ⚠️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. #xrpbullish

6 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
AirdropBunny
AirdropBunny
followers

Bitcoin Price Holds Ground But Risk of Pullback Keeps Rising Bitcoin failed to surpass $53,000 resistance, dropping below $52,000. It may dip further to $50,500 support. Immediate resistance is around $51,550, with potential to rise above $52,500. Failure to exceed $52,000 could lead to a decline towards $50,500, possibly dropping to $49,200 if support is breached. Technical indicators show bearish momentum, with support levels at $51,100 and $50,500, and resistance at $51,550, $51,800, and $52,500. #TrendingTopic #Write2Earn $ $BTC

7 days ago
Damian Nappo U1N7
Damian Nappo U1N7
followers

 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

6 days ago
CryptoNewsLand
CryptoNewsLand
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MATIC is consolidating in a multi-year symmetrical triangular pattern. The release of Polygon ID Release 6 marks significant advancements, including Dynamic Credentials implementation and enhanced on-chain capabilities. MATIC’s potential breakout, contingent on maintaining a close above $0.96, could lead to a target price of $1.73. Polygon (MATIC) has caught the attention of crypto analyst Ali, who identifies a compelling opportunity for investors. Ali highlights the formation of a multi-year symmetrical triangular pattern in MATIC’s price chart, indicating a period of consolidation and potential breakout on the horizon.  #Polygon shows promising signs from a long-term perspective. The prevailing pattern appears to be a multi-year symmetrical triangle. If $MATIC can maintain a close above $0.96, it could signal the start of a bull rally, with a potential target of $1.73! pic.twitter.com/qjgn6sN1oV — Ali (@ali_charts) February 21, 2024 This pattern, characterized by converging trend lines and a balance between buyers and sellers, often precedes significant price movements. Ali suggests that if MATIC maintains a close above $0.96, it could signal the start of a bullish rally with a target price of $1.73, representing an 89.56% increase from current levels.  At the time of reporting, MATIC has shown resilience, registering a 5.21% increase in the last 24 hours, reaching $0.97, and a 7% increase weekly. Beyond technical analysis, Polygon has been making strides in its development ecosystem.  The recent launch of Polygon ID Release 6 marks a significant milestone, enhancing the platform’s digital identity solution. Notably, this release introduces Dynamic Credentials, a W3C protocol enabling automatic credential refresh from user wallets, along with other improvements aimed at addressing key challenges in the Web3 landscape.  These advancements underscore Polygon’s commitment to innovation and its potential to disrupt the digital identity space. As investors eagerly await MATIC’s next move, the convergence of technical indicators and fundamental developments suggests an intriguing narrative unfolding for Polygon enthusiasts. Read also: Worldcoin to Offer User ID Database to Companies, Governments Polygon Primed for a Major Rally After Triangle Breakout How Can MATIC Achieve the Impressive Milestone of $3 in Early 2024? Worldcoin Pauses World ID in Kenya as Regulators Express Concern Polygon Poised for 20% Rally Amid Positive Network Updates The post Polygon Poised for Major Breakout, Analyst Forecasts appeared first on Crypto News Land.

6 days ago
Coinstages
Coinstages
followers

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

6 days ago
Crypto Ahmet
Crypto Ahmet
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🔥💥Dogecoin: How High Could DOGE Rise in March 2024? #Dogecoin (DOGE) backers and investors are closely observing the asset's behavior as March 2024 progresses. DOGE is currently having difficulty maintaining its position above the $0.08 level after a 10% drop on February 21, and encourages market participants to closely analyze its course in the coming weeks. Despite this recent Deceleration, data from on-chain sources show that large-scale investors, popularly known as "whales", continue to accumulate significant amounts of DOGE, showing an unshakeable belief in the long-term viability of the coin, despite short-term fluctuations. . Currently, DOGE is trading at $ 0.08516, indicating a modest increase of 1% in its daily value. Predicting the Trajectory of Dogecoin Changelly's technical analysis provides information about the expected course of Dogecoin prices throughout 2024. According to their estimates, the expected lower limit of the Dogecoin value is estimated to be $0.0719. But the upper limit could potentially reach $0.0807. The average transaction price is estimated to be around $0.0896. This offers a glimpse of the DOGE's potential price December in the coming months. March 2024 Forecasts Cryptocurrency experts are preparing to announce their forecasts specific to Dogecoin's price movements in March 2024. Initial assessments indicate that the minimum expected transaction value for DOGE during this period may fall to around $ 0.0742, while there is a possibility of reaching a maximum of $ 0.0847. Analysts on average predict that the value of Dogecoin will stabilize at about $ 0.0794 during the month of March. Managing Market Volatility Although these forecasts provide valuable information for investors, it is imperative to approach them carefully due to the inherent volatility of the cryptocurrency market. The valuation of #DOGE can be influenced by a large number of factors, including market sentiment, regulatory changes and broader economic indicators. #Write2Earn #binance #elonMusk

6 days ago
Cryptopolitan
Cryptopolitan
followers

The recent downturn in Shiba Inu (SHIB) has sparked concern among investors, indicating a potential bearish trend in the coming weeks. The market is experiencing a surge in selling pressure, attributed to various factors, including high whale activity.  This volatility underscores a fragile market sentiment with local resistances impeding upward price movement. Immediate support for SHIB is identified at the 50-day Exponential Moving Average (EMA), historically serving as a dynamic bounce-back point. However, a breach below this level could further test support zones marked by previous lows. Bitcoin’s correction and technical outlook Bitcoin (BTC) has retraced from its recent high, failing to sustain above $51,000 and experiencing a notable correction. This decline follows the inability to breach the $52,000 threshold, indicating a cooldown from the market’s overheated state.  The current correction aligns with typical market behaviors following strong rallies, with local support near the 50-day EMA. However, a dip below this level may lead to further declines towards the $47,000 to $48,000 support region, followed by potential support near $43,000 to $44,000. Continued selling pressure could trigger an accelerated sell-off towards the $39,000 to $38,270 zones. XRP’s technical indicators and bearish signals XRP’s chart displays the crossing of the 100-day and 200-day EMAs, a scenario some may label a “death cross,” although it deviates from the classic definition. This event, indicative of bearish sentiment, is observed as XRP hovers above crucial support levels.  Maintaining ground above these levels is crucial for XRP to invalidate bearish signals and potentially ascend toward previous resistance levels. However, breaching these support levels could lead to a slide towards the next significant support zone.

6 days ago
CryptoPotato
CryptoPotato
followers

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.

6 days ago
TopCryptoNews
TopCryptoNews
followers

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
CaptainAltcoin
CaptainAltcoin
followers

Polygon’s native crypto asset MATIC appears poised for a major multi-year breakout that could see its price skyrocket over 900% to above $10, according to recent analysis from crypto experts. With MATIC trading around $0.97 at the time of this writing, technical patterns suggest a rally mirroring its historical price action in 2021 is forthcoming. Breaking Out After Consolidation According to crypto analyst Captain Faibik, MATIC is ready to pump hard and repeat the massive historical price gains seen in early 2021. Back then, MATIC surged from around $0.01 after breaking out from consolidation, kicking off a sustained rally that peaked in early 2022 at an all-time high near $2.90 – a 29,000% gain from $.01. Captain Faibik believes MATIC consolidating for over a year presents a similar opportunity, with a breakout signaling the start of a new bull run. Given MATIC’s history, he expects an even larger pump this time, with prices reaching $10 in 2025 – over 900% above the current $0.97 level. Closing Above Key Level Fellow analyst Ali also sees bullish signs for MATIC from a long-term technical perspective. He points to a multi-year symmetrical triangle formation that could be on the cusp of a decisive breakout. In Ali’s view, a daily close above the key resistance level of $0.96 would confirm the start of a new uptrend. Ali’s first upside target from there is $1.73. However, based on MATIC’s historical price action and tendency for massive moves out of long consolidations, Captain Faibik sees far greater upside on the horizon. Multi-Year Breakout Could Fuel Rally to New Highs The confluence of optimistic technical analysis and MATIC’s historical tendency for explosive growth after consolidation periods suggests significant upside potential lies ahead. Given the patterns and bullish indicators, MATIC appears primed for a multi-year breakout that could ultimately send its price well above $10, dwarfing previous all-time highs. With MATIC poised at a critical long-term juncture near $1, analysts say conditions are ripe for history to repeat itself in epic fashion. You may also be interested in: Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next? Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters The post Polygon’s MATIC Primed for 900% Following Multi-Year Breakout as ’History Will Repeat Itself’ appeared first on CaptainAltcoin.

6 days ago
CoinQuest
CoinQuest
followers

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
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
Coinspeaker
Coinspeaker
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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
Coinstages
Coinstages
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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

7 days ago

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