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CoinDesk
CoinDesk
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Bitcoin can reach as high as $150,000 this year fueled by ETFs, halving and Fed rate cuts, Fundstrat's Tom Lee said. Bitcoin's rally has recently stalled below $53,000 and prices may cool for a while, other analysts suggested. Bitcoin {{BTC}} may have stalled over the past week, but FundStrat head of research Tom Lee doubled down on his bullish outlook and said it could reach as high as $150,000 this year. "You have demand improving with the new ETFs, you have supply shrinking with the halving, and if monetary policy eases which we expect, that's supportive for risk assets," Lee told CNBC on Wednesday. Lee's comments came as bitcoin's rally appeared to lose some steam following a 35% gain over the past couple of weeks to $53,000, its highest price in 26 months. It was recently changing hands at $50,900, down 1.8% over the past 24 hours, holding up slightly better than the broader-market CoinDesk20 Index's (CD20) 3% decline during the same period. Lee isn't worried. "Bitcoin's been holding up ," he said "I do not think a drawdown is going to start that soon." However, other analysts suggested that BTC may cool down for a while. Joel Kruger, market strategist at LMAX Group, suggested caution in the short term, noting potential volatility due to shifting central bank policies and fallout from global macro weakness, which could temporarily impact crypto markets. He added that any downturn would provide an opportunity for taking strategic positions. Analytics firm Swissblock said in a Wednesday market update that bitcoin's big picture is still bullish, but may experience a pullback to lower prices first before resuming its uptrend. "While the prevailing sentiment suggests a potential continuation of the upward trajectory, the current scenario may necessitate a period of consolidation or even a retracement to the $47.5k support level," Swissblock analysts said. "This adjustment would serve to alleviate excess volatility and reinforce market stability before potential further upside moves."

about 2 hours ago
TopCryptoNews
TopCryptoNews
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In a recent statement, veteran cryptocurrency analyst Ali Martinez shed light on the behavior of Bitcoin whales and the overall BTC market. According to the analyst, the behavior of crypto whales is currently mixed, with some buying while others selling to take advantage of recent price movements. Martinez, however, sees a clear accumulation trend when focusing on the largest group of whales, those holding between 1,000 and 100,000 BTC. According to the analyst, this pattern is typical for bull markets and indicates a positive outlook among large wallets. According to the analyst, these wallets started buying BTC around $29,000 and accelerated their purchases when the price exceeded $46,000. On the other hand, the TD Sequential indicator, a popular tool used by investors to identify price formations, is showing a sell signal on the Bitcoin 3-day chart, according to Martinez. It is important to note that BTC has experienced a 10% price correction the last two times this indicator gave a bearish signal, according to the analyst. This suggests that the market may still experience short-term volatility as the biggest whales accumulate. $BTC #Write2Earn #BTC

about 3 hours ago
Crypto Online
Crypto Online
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$PIXEL Market Update 🐳 Despite the recent bear market outlook, there has been a significant improvement in the $PIXEL market. A big whale entered the market and bought large amounts of #Pixels. Despite the selling pressure from LaunchPool stakers, this whale's aggressive buying activity stands out as a notable move 🔥. 👉🏻 In order to evaluate the opportunities, take this mobility in the market into consideration. Alternatively, being patient for the next 1-2 days may present an opportunity to buy low and sell high in case there is a drop in prices ♥️. #Write2Earn #TrendingTopic #PIXEL #cryptoonline

about 8 hours ago
Cryptos Headlines
Cryptos Headlines
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The price of Terra Luna Classic (LUNC) suddenly fell to $0.00012 from a high of $0.00014, reflecting the ups and downs seen across the entire crypto market this week. Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On CryptosHeadlinesToken.com Terra Luna Classic (LUNC) saw a remarkable surge of over 415% in Q4 of last year, peaking at $0.00028 in December. However, this rally was followed by a steep correction, with LUNC dropping by 68% to $0.000087 in January 2024. Profit-taking and market sentiment drove this pullback. Yet, the first quarter has ushered in new market dynamics, notably with the introduction of the Bitcoin ETF. Terra Luna Classic (LUNC) Price Analysis Terra Luna Classic (LUNC) has closely followed the trends of Bitcoin and Ethereum in recent weeks, climbing to $0.00014 in February. However, like other assets, it is susceptible to corrections, currently stabilizing at $0.00012. Ranked 115th in the crypto market, LUNC is down 6.5% today, aligning with Bitcoin’s 2% drop to $51,134. Other altcoins like Solana, Cardano, and Chainlink have also seen declines of 7%, 4%, and 6.2%, respectively. Some observers note a decrease in LUNC’s trading volume to $56 million, suggesting waning interest among traders. However, this decline isn’t unique to Terra Luna Classic, as the total market has also dipped by 1.8% to $1.95 trillion. Traders are closely monitoring two key ranges on the chart: the green region, corresponding to the support of the up-trending channel, must be defended to enhance the likelihood of an immediate recovery. Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On CryptosHeadlinesToken.com LUNC price chart | Tradingview Terra Luna Classic (LUNC) Technical Analysis and Market Outlook On the upside, the red-marked area indicates a stubborn short-term resistance level. The selling pressure intensified when LUNC reached $0.00014, prompting more traders to short the token or close their long positions, adding downward pressure. The failure to find relief at the middle boundary support of the channel led to an increase in sell orders. Additionally, the bearish crossover in the Moving Average Convergence Divergence (MACD) indicator suggests a challenging week ahead for LUNC. Short positions are likely to remain profitable until the green area support is reclaimed. Despite the current bearish sentiment, there is hope for an immediate rebound as Terra Luna Classic has previously been accepted back into the ascending channel. However, if losses extend beyond the green band, the 200-day Exponential Moving Average (EMA) at $0.000116 could become a crucial support level. Monitoring Bitcoin’s price movements is essential, particularly if it dips below $52,000. A swift recovery would indicate a stronger trend reversal towards $54,000, which could positively impact sentiment across the market. A bullish outcome for Bitcoin is expected to stabilize altcoins like LUNC as traders anticipate the next upward move. Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice. #Luna   #Terra   #Altcoin   #LUNC   #USTC

about 6 hours ago
CoinDesk
CoinDesk
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Nvidia's fourth-quarter earnings could trigger a broader correction for equities and crypto if it fails to live up to the hype. AI-related tokens such as OCEAN and FET may also trade off Nvidia's earnings and outlook for the sector. The bitcoin {{BTC}} and the broader crypto rally could come to a halt if Nvidia's {{NVDA}} fourth quarter earnings fail to live up to the lofty Wall Street expectations, Singapore-based QCP Capital said in a recent note. "A key event today that could trigger a wider correction is Nvidia earnings which will be released after the US close," QCP wrote in a note. "As a major part of the S&P500 Index, Nvidia's performance could set the tone for US equities in the near-term." Nvidia, the GPU giant that designs chips necessary for the AI revolution, is set to report its earnings on Wednesday after the market closes in the U.S. The chip-maker's stock is up nearly 220% over the last year. The market will be sharply focusing on the potential for the stock to sustain the face-melting rally. In fact, the rally has been so hot that Goldman even called it "the most important stock on planet earth" as options traders are betting on a move in either direction of 11%. "Nvidia is currently trading at 90x P/E and Q4 earnings expectations have been adjusted higher recently," QCP said. For comparison, Amazon.com (AMZN) currently trades at 52.4x and Tesla (TSLA) at 57.7x price-to-earning (P/E) ratio, according to FactSet data. With such a high valuation, the margin of error is very slim. "At these valuation multiples and high expectations on earnings, any disappointment could see a sell-off. That would certainly put a drag on U.S. equities and crypto prices as well," QCP continued. Another crypto sub-sector that could see a volatile trading session from Nvidia's earnings is the artificial intelligence (AI) -related tokens such as Ocean Protocol’s OCEAN and Fetch.AI’s FET. Given the influence the chip maker has on the sentiment of the AI industry, crypto traders will be keeping an eye on assessing Nvidia's outlook on the sector and trade accordingly. Read more: AI Tokens Rally as OpenAI’s Sora Brings Renewed Hope to the Sector Analysts also stress how much of Nvidia's growth relies on the server industry at the core of the AI revolution. Data from IDC shows that the global PC market is facing short-term challenges, with 2023 shipment volume expected to decline by 13.8% after a 16.6% drop in 2022, marking two consecutive years of double-digit declines. However, IDC forecasts a rebound starting in 2024, driven by factors such as a commercial PC refresh cycle, AI integration, and recovery of the consumer installed base, leading to a projected growth of 3.4% in 2024 and a compound annual growth rate of 3.1% from 2023 through 2027. Meanwhile, Taiwan-based Digitimes Research recently wrote that the computing sector's growth will plateau due to saturated PC and notebook demand, but emerging data centers are key to the future of chip companies like Nvidia, boosting server shipments and HPC chip demand. Nvidia's stock is down 7% in the last week and is currently trading around $680. The majority of the Wall Street analysts have a buy rating on the stock with an average 12-month price target of around $751, according to FactSet data. Bitcoin is trading at $51,200, down 0.4% in the last 24 hours, according to CoinDesk Indicies data, while the CoinDesk 20 Index (CD20), which measures the performance of the largest 20 digital assets, is down 1.9%. Read more: Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K

about 7 hours ago
CRPTOHOLICS
CRPTOHOLICS
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🛑URGENT BTC ANALYSIS 🚨BITCOIN IS GOING DOWN?? 🛑WHAT ARE THE REASONS?? There are two primary reasons contributing to the recent market downturn. Firstly, there was a decrease in liquidity, prompting a necessary correction. Secondly, the market experienced a short liquidity at the $53,000 level, causing a decline. However, it is noteworthy that the market is currently sustaining long liquidity below this level, which is deemed positive for the market. Contrary to concerns of a significant downturn, it is predicted that the market will not experience a substantial decline at this point. The expectation is that the market may rise to the range of $50,200 - $51,300 and is unlikely to dip below this threshold. This optimistic outlook leads to a bullish sentiment. If the market reaches the mentioned range, there is a belief that it could potentially surge to $55,000. This analysis is shared with a wider audience through a provided chart, emphasizing the market's initial touch at the $53,000 - $53,200 range and its subsequent mild correction. The current recommendation is to accumulate promising altcoins during this period and employ dollar-cost averaging (DCA) strategy when the market experiences declines. It's emphasized that there is no need to panic as a significant market crash is not anticipated. ♥️♥️ encourages readers to support them by following, liking, sharing, and quoting the post if they find the information helpful. This support is vital for the author to continue delivering quality content. #Write2Earn #TrendingTopic #BTC

about 13 hours ago
CryptoNewsLand
CryptoNewsLand
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Renowned crypto market analyst reveals potential uptrend and investor optimism. VeChain’s break of structure signals a turnaround in market sentiment. Recent 41.56% surge supports VeChain’s bullish trend. Recent analysis by CryptoBusy suggests that VeChain (VET) is on the cusp of a bullish reversal, capturing the attention of investors. The technical chart, spanning from early 2021 to September 2025, reveals a notable shift in market dynamics, with VeChain transitioning from a downtrend to a potential uptrend. #VeChain $VET is at the start of an uptrend structure. LFG! pic.twitter.com/1tr6dS6o6y — CryptoBusy (@CryptoBusy) February 19, 2024 The analysis highlights a significant ‘Break of Structure’, where VeChain surpassed a crucial resistance level, indicating a possible reversal in market sentiment. The emergence of a new uptrend, characterized by higher lows, further strengthens the bullish case for VeChain. Key price levels, such as $0.04526, $0.03297, and $0.02519, play a crucial role in acting as potential support or resistance points in the future. VeChain’s current market data adds weight to the positive outlook. Despite a slight dip of -1.94% in the last 24 hours, the cryptocurrency experienced a notable surge of 41.56% over the past week, supporting the bullish trend suggested by the technical analysis. The combination of technical indicators and recent market performance paints an optimistic picture for VeChain. The break of structure and the formation of an uptrend signal a potential shift in investor sentiment, offering hope for those invested in VET. This transition in market trends indicates a more sustainable rise for VeChain, suggesting a steady climb rather than a temporary swing. Investors and market observers are advised to pay attention to unfolding patterns, including trend lines and distinct price markers, as they are key indicators shaping VeChain’s position in the cryptocurrency markets. These developments may signify the strength and potential longevity of VeChain’s upward momentum, warranting careful monitoring in the coming period. Read Also XRP: Analyst Forecasts Reversal Amid Optimistic Chart Signals What’s Driving VeChain’s Ambitious Climb Toward the $0.049 Challenge? VeChain Set to Soar: Predicted to Break Through $0.783 in 2024 Unlocking VeChain: Cryptocurrency Marvel Set to Surpass $12.12 – 2025 Awaits VeChain’s Rally Is Only Just the Beginning, Major News Expected The post VeChain Shows Signs of Bullish Reversal, Analysts Optimistic appeared first on Crypto News Land.

about 12 hours ago
Crypto Family - RkY Sri Lanka
Crypto Family - RkY Sri Lanka
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SOL analysis D chart and insights technically analysis Based on my Technical analysis, SOL token has shown some bullish signs on the daily chart. It has closed above the $105 resistance area, and the Relative Strength Index (RSI) has increased above 50, indicating a more bullish outlook. The wave count also suggests that SOL is in the fifth and final wave of its upward movement. 1h Chart 💚Support : $99.90 ❤️Resistance : $108.14 If this wave count is correct, SOL could potentially reach a high near the next long-term resistance level at $145. However, it's important to note that market conditions can change. Finally words the technical analysis on the daily chart suggests a bullish outlook for SOL, with the potential for further upward movement towards the $145 resistance level.

about 14 hours ago
CRPTOHOLICS
CRPTOHOLICS
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🛑BTC LATEST UPDATE Today, Bitcoin ( $BTC ) experienced a surge to the 53K level, encountering liquidity absorption at this point. The current chart indicates the formation of a potential Double Top or M reversal pattern, with the neckline situated around 50.9K. A confirmed breach below this neckline could trigger a descent, potentially down to our second horizontal support at 48.5K. Notably, Bitcoin has faced persistent resistance at two key levels – the horizontal resistance at 52.4K and the ascending channel resistance ranging from 53.1K to 53.5K. Repeated rejections at the horizontal resistance have been observed. Should Bitcoin manage to overcome these resistance zones, the next target could extend to 60K. Conversely, a dip below the neckline may lead to a decline towards the 48.5K support. The overall bullish outlook remains intact as long as Bitcoin maintains trading above the third horizontal support at approximately 47K. As for future expectations, a patient approach is recommended, allowing the price action to guide decisions. Whether Bitcoin breaks above the horizontal resistance or drops below the neckline will determine the next market direction. It is advisable to refrain from taking long or short positions at this juncture, opting instead to observe the price movement. Considering the importance of corrections in sustaining upward trends, it's crucial to note the consistently high funding rates. This could signal an imminent correction for the upcoming upward trend, potentially occurring today or in the near future. For more updates and insights, consider joining and following our channel.🔥 #Write2Earn #TrendingTopic #BTC

about 12 hours ago
SignalPlus華語
SignalPlus華語
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As part of its gradual economic stimulus plan, China lowered its mortgage interest rates yesterday, with the 5-year loan market quotation rate reduced by 25 basis points to 3.95%. This is the first reduction since June last year and the largest decrease since 2019. However, , this move failed to boost investor sentiment, with the CSI 300 Index closing only up 0.2%, and bond yields failing to drop. The market still sees these measures as just a small step in solving a larger structural problem, with sluggish housing demand less a question of loan costs than a supply-demand imbalance and a bleak economic outlook. Despite lower-than-expected CPI in Japan and Canada and a dovish stance from the Bank of England Bailey (which does not require inflation to return to target before cutting interest rates), the supply of investment-grade corporate bonds of $50 billion is still leading to the U.S. Treasury yield curve. Go steeply. Meanwhile, Walmart reported that average consumer spending fell 0.3% even as transaction volume rose 4.3%, suggesting purchase amounts are falling and lending hope to the narrative of slowing inflation. On the equity market, the rolling correlation between bonds and stocks continued to weaken in February, with stock prices remaining near all-time highs and bonds taking a hit from the adjustment in rate cut expectations over the past six weeks (with rates higher for longer) . Interestingly, investors continue to pile heavily into money market funds, with U.S. money market funds recording another $128 billion in inflows since the start of the year

about 14 hours ago
CRPTOHOLICS
CRPTOHOLICS
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THE BEGINNING OF ALTCOINS SEASON IS HERE! KEEP AN EYES ON THESE THREE ALTCOINS POISED FOR SIGNIFICANT GROWTH.... The recent surge in Bitcoin's market cap, surpassing $1 trillion, has shifted focus to the altcoin market, signaling the start of a new altcoin season. Among the promising altcoins gaining attention are Blast, ApeChain, and Mantle (MNT). Blast, a Layer 2 blockchain with a native yield for ETH and stablecoins, has quickly risen to a $1 billion TVL within a month. Now, BlastUP, a launchpad on the Blast blockchain, aims to replicate this success by integrating Web3 tools with AI innovation. Currently in its first presale stage, BlastUP offers tokens at $0.02, with a potential future ROI of 800% as the listing price is set at $0.1. Token holders can enjoy privileges like allocations for token sales, loyalty rewards, and staking opportunities. ApeChain's launch on the Arbitrum platform has the potential to boost ARB prices, challenging resistance levels at $2.28 and $2.80. Despite possible risks, indicators suggest a neutral stance with a promising outlook for the project. Mantle (MNT) has announced a dragon giveaway, presenting a bullish short-term scenario. Priced at $0.75, a successful event could lead to an upward trend, breaching resistance levels of $0.76 and $0.94. However, caution is advised due to neutral indicators, with support levels at $0.49 and $0.40 acting as safety nets. In conclusion, while ApeChain and Mantle show potential, BlastUP stands out with its innovative approach and ecosystem positioning within the thriving Blast network. With a comprehensive roadmap extending to 2026, BlastUP aims to become a dominant force in the crypto space, offering exponential potential and contributing to the broader growth of the industry during the impending altcoin season. #Write2Earn #TrendingTopic #BTC #APEAnalysis #MNT

about 14 hours ago
Crypto Daily™
Crypto Daily™
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Today's crypto market showed exceptional volatility, as Bitcoin was wavering in its attempt to solidify its position above the $52,000 threshold. Meanwhile, Ethereum briefly grazed the $3,000 mark, only to experience a minor setback. This uncertain dance of numbers led to a cautious approach from investors, who seem to be riding a short-term buying wave amidst an underlying bullish momentum. Adding to the intrigue, Ethereum's imminent mainnet launch of the 'Dencun' upgrade in March is drawing more attention than Bitcoin. This upgrade, tested meticulously on testnets, is expected to significantly smoothen the path for Ethereum's contribution to a promising Web3 future, thus creating a bubbling anticipation within the market. Amidst this whirlwind, other major players in the crypto space like Polygon (MATIC) and Cardano (ADA) were not immune to the market's fluctuations. MATIC recorded a minor dip of less than 1%, whereas ADA took a steeper plunge, dropping over 3%. This contributed to the overall crypto market cap slipping to $1.96 trillion. In contrast to these established coins, the emerging ScapesMania (MANIA) is stirring up its own wave of anticipation. Although its presale stage has concluded, the crypto community is eagerly awaiting its coming Token Generation Event (TGE) and DEX listing, expected to open doors for a broader spectrum of crypto investors to engage with MANIA. 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 <<< Polygon (MATIC) Price Analysis Polygon (MATIC) recently displayed remarkable resilience in the face of market volatility, successfully reclaiming the psychologically significant $1 mark. This achievement came on the heels of a nearly month-long rally, during which MATIC initiated a robust recovery trendline. Polygon's (MATIC) journey began in late January with a bounce back from $0.722, exhibiting a V-shaped recovery that is often interpreted as a strong indication of buyer dominance. This momentum propelled MATIC's price by nearly 40% within a month, breaching the $1.01 mark and effectively surpassing both the $0.945 resistance and the 61.8% Fibonacci retracement level of the previous correction. Polygon (MATIC) Technical Outlook Technically, Polygon (MATIC) is currently positioned between the first support at $0.8784 and the first resistance at $1.0604, suggesting a delicate balance in market forces. Source: TradingView The Exponential Moving Averages (EMAs) indicate a positive trend, with the 10-day EMA at $0.9921 slightly above the 50-day EMA at $0.94, and both well above the 200-day EMA at $0.8651, reinforcing the bullish sentiment. The Commodity Channel Index (CCI) at 30.07 aligns with a burgeoning bullish scenario, and the MACD level at 0.0193, though modest, supports this view. The Relative Strength Index (RSI) at 51.95 is hovering around the midline, suggesting a neutral market sentiment. However, the Stochastic %K at 67.26 points to a slightly overbought condition, while the Average Directional Index (ADX) at 25.21 indicates a lack of strong trend. Polygon (MATIC) Price Forecast In the bullish scenario, if MATIC maintains its foothold above the newly established support-turned-resistance level of $0.9458, we could witness a further ascent towards $1.0604, and potentially challenge the higher resistances at $1.1212 and $1.3032. The key to this scenario lies in the sustenance of buyer momentum and Polygon's (MATIC) ability to withstand any negative spill-over effects from Bitcoin's movements. Conversely, in a bearish outcome, if MATIC succumbs to the selling pressure, particularly influenced by Bitcoin's performance, it might retest $0.8784. A breach below this level could see the coin drift towards the lower supports at $0.7572 and $0.5752, potentially erasing the gains accrued in the recent rally. Cardano (ADA) Price Analysis Recently, Cardano (ADA) was on a path to potentially reclaim its previous support levels above the $0.65 mark. Despite a sluggish recovery over the past month, ADA's bullish momentum remained underpinned by active participation. Analyst Ali Martinez, a well-known figure in the crypto market, drew parallels between Cardano's (ADA) current chart patterns and those observed during the 2020 pandemic-triggered crypto market crash. Martinez's analysis suggested that if ADA replicated this 2020 pattern entirely, it could enter a consolidation phase that would last until April 2024. Consolidation is a phase where the cryptocurrency stagnates between two levels as the market exhibits indecision about its long-term direction. Cardano (ADA) Technical Outlook From a technical standpoint, Cardano (ADA) is currently trading between its first support at $0.544 and first resistance at $0.662. Source: TradingView The EMAs for 10, 50, and 200 days are $0.611, $0.597, and $0.551 respectively, suggesting a tussle between short-term volatility and longer-term stability. The RSI at 41.2, combined with a low Stochastic %K of 16.5, points towards potential undervaluation, signaling room for an upward price movement. However, the CCI at -246.4 and a negative Momentum of -0.028 imply bearish pressures. The ADX at 26 indicates a lack of strong trend, aligning with Martinez's consolidation theory. Cardano (ADA) Price Forecast In a bullish scenario, if ADA's patterns align closely with those from 2020, there's a chance for a significant upward trend, potentially reaching the $0.704 and $0.812 price levels. In the long run, Cardano (ADA) can even hit the elusive $8 mark for the first time this year, as per Martinez's analysis. Conversely, the bearish outlook is fueled by the current negative market sentiment, as highlighted by on-chain data. The overall crypto market, including ADA, is experiencing a more negative crowd sentiment than historical averages, as reported by Santiment. In this case, Cardano (ADA) could experience a downturn, pushing it to retest the next defense lines at $0.488 and $0.38. Bottomline In today’s volatile crypto market, Polygon (MATIC) and Cardano (ADA) have each charted their unique courses.  MATIC, demonstrating resilience, recently rebounded impressively, surpassing key resistance levels and showcasing strong bullish indicators in its technical analysis. The path ahead for Polygon (MATIC), though optimistic, isn't without potential pitfalls as it navigates the ebb and flow of market forces and Bitcoin's influence.  Meanwhile, ADA, currently fluctuating between significant support and resistance levels, faces a critical juncture. Cardano's (ADA) journey could mirror its 2020 pattern, potentially entering a prolonged consolidation phase, yet there's still room for an upward trajectory if market sentiment shifts. As investors and traders weigh these analyses of MATIC and ADA, the crypto market continues its unpredictable move, with each coin carving out its destiny in this dynamic financial landscape. 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.

about 14 hours ago
Crypto Expert BNB
Crypto Expert BNB
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$BNB 🎴 High alert!! Coin Price Analysis (as of February 21, 2024): Current Price: ~$353 USD (varies slightly across exchanges) strongly bullish Recent Performance: Up ~9.10% in the last 7 days Outperforming BTC and ETH Experienced some volatility in the past 24 hours 🎯Technical Analysis: 🎯Moving averages suggest a bullish trend on the weekly timeframe 🎯Some analysts see potential support around $313 Others suggest a possible continuation of the upward trend 🎯Fundamental Analysis: Utility token for Binance exchange, offering discounts and other benefits Recently surpassed Solana in market cap 🎯Regular quarterly token burns potentially reducing supply and increasing value Binance ecosystem continues to grow, potentially driving demand for BNB Overall Sentiment: Mixed, with some bullish and bearish predictions 🎯Long-term outlook generally positive based on fundamentals 🎯Short-term outlook more uncertain due to market volatility Important Note: This is not financial advice. Please do your own research before m $BNB $BTC #Write2Earn #TrendingTopic #Write2Earn #WLD

about 20 hours ago
CryptoNewsLand
CryptoNewsLand
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The cryptocurrency market continues to offer opportunities for investors to grow their wealth exponentially, even amidst periods of volatility. With strategic investment choices and careful analysis, it’s possible to turn a modest sum into a substantial portfolio. In this article, we’ll explore how three promising cryptocurrencies—Retik Finance, Ripple, and Jupiter—have the potential to multiply your investment from $500 to $10,000 in the first quarter of 2024 while mitigating risks. Retik Finance (RETIK): Pioneering Decentralised Finance Retik Finance (RETIK) has emerged as a frontrunner in the decentralised finance (DeFi) space, captivating investors with its innovative approach and robust community engagement. The project, which debuted in December 2023, prioritises security, practicality, and community involvement, laying a solid foundation for sustainable growth. One of the key factors driving Retik Finance’s potential for growth is its community-driven success. The active engagement of the Retik community on social media platforms and forums has created significant buzz around the project, attracting more contributors and investors. This sense of community solidarity and enthusiasm has played a pivotal role in Retik Finance’s rapid ascent. The project’s presale stages have also been instrumental in its success. By providing early investors with the opportunity to acquire RETIK tokens at favourable prices, currently selling at $0.12, Retik Finance has generated substantial interest within the crypto community. The strong demand and contributions from investors have propelled the project forward, with each presale stage achieving impressive fill rates and fundraising milestones. Moreover, Retik Finance’s commitment to security has instilled confidence among investors. The successful completion of a Certik audit, renowned for its rigorous evaluation of smart contracts, has demonstrated the project’s dedication to protecting investors’ assets. This focus on security and trust further enhances Retik Finance’s potential for growth with minimal risk. Ripple (XRP): Transforming Cross-Border Payments Ripple, the company behind the XRP cryptocurrency, has been at the forefront of revolutionising cross-border payments with its innovative solutions. XRP offers fast and low-cost transfers, making it ideal for use cases such as remittances. Its unique consensus protocol, the XRP Ledger Consensus Protocol, ensures the integrity and efficiency of transactions on the network. Recent developments surrounding Ripple and XRP have fueled optimism among investors. The SEC’s dropping of claims against top Ripple executives in October signalled a positive turn of events for the company. Additionally, Ripple’s partnership with the National Bank of Georgia to pilot a central bank digital currency using the Ripple CBDC Platform demonstrates the utility and adoption potential of XRP. Furthermore, XRP’s recent recognition by regulatory authorities, such as the Dubai Financial Services Authority, and its approval for use in the Dubai International Financial Centre (DIFC), highlight the growing acceptance and legitimacy of the cryptocurrency. These positive developments, coupled with XRP’s strong fundamentals, position it for significant growth in the first quarter of 2024. Despite its recent rally and high market capitalization, XRP still offers ample room for growth, presenting an opportunity for investors to multiply their initial investment with minimal risk. The cryptocurrency’s utility in facilitating efficient cross-border money transfers and its expanding ecosystem contribute to its favourable outlook for the coming months. Jupiter (JUP): Expanding DeFi Opportunities Jupiter stands out as a promising cryptocurrency project that taps into multiple liquidity sources on the Solana blockchain to provide users with highly efficient token swaps. Beyond decentralised exchanges, Jupiter offers features such as limit orders and dollar-cost averaging, enhancing the user experience and accessibility of DeFi protocols. The introduction of perpetual contracts and the LFG Launchpad platform further diversifies Jupiter’s offerings, catering to the growing demand for decentralised trading products and investment opportunities in the cryptocurrency market. These new features expand Jupiter’s reach and appeal to a broader audience of investors seeking innovative financial solutions. While Jupiter initially launched without a native token, the introduction of the JUP governance token has empowered holders to participate in key decisions regarding the platform’s development and direction. The token’s distribution through an airdrop incentivizes community engagement and fosters a sense of ownership among users, contributing to Jupiter’s long-term sustainability and growth. Investing in Jupiter presents an opportunity for investors to capitalise on the expanding DeFi landscape while minimising risk. The project’s focus on efficiency, innovation, and community involvement positions it as a promising contender for growth in the cryptocurrency market. Conclusion: Maximising Returns with Minimal Risk Retik Finance, Ripple, and Jupiter offer compelling opportunities for investors to grow their wealth from $500 to $10,000 in the first quarter of 2024. Each cryptocurrency brings unique strengths and advantages to the table, from Retik Finance’s community-driven success to Ripple’s transformative impact on cross-border payments and Jupiter’s expansion of DeFi opportunities. By strategically diversifying investments across these promising projects and leveraging their respective growth potentials, investors can mitigate risks while maximising returns in the dynamic world of cryptocurrency. With careful consideration and prudent decision-making, investors can unlock the full potential of these cryptocurrencies and achieve significant financial gains in the months ahead. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance The post Which Three Cryptocurrencies Can Grow Your $500 to $10,000 in the First Quarter of 2024 With Minimal Risk? appeared first on Crypto News Land.

about 17 hours ago
宇宙区块观
宇宙区块观
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Google Gemini predicts SHIB price if Bitcoin reaches $100,000, $150,000 or $250,000 in the future after halving ​ As the much-anticipated Bitcoin halving approaches in April 2024, speculation surrounding its impact on the broader cryptocurrency market has intensified. Investors are particularly curious about the potential trajectory of altcoins like SHIB, which are known for their historical correlation with Bitcoin’s price action. ​ Using artificial intelligence for price predictions Gemini, an artificial intelligence chatbot designed by Google, has joined the fray. SHIB is currently trading at $0.0000097. Using historical data and the established relationship between Bitcoin and altcoins, Gemini proposes three different scenarios, each outlining different Bitcoin price targets after the halving. Potential SHIB price. ​ Scenario 1: Bitcoin reaches $100,000 Conservative Estimate: Gemini expects Shiba Inu to gain 108%, potentially reaching $0.00002, helping SHIB eliminate the zeros that have plagued it since the start of the year. Moderate Forecast: In this scenario, Shiba Inu could climb to $0.00004, which is a 316.6% increase. Optimistic Outlook: Gemini’s most optimistic forecast puts Shiba Inu (SHIB) at $0.00006, a whopping 525% increase. Scenario 2: Bitcoin reaches $150,000 Conservative Estimate: Gemini predicts that SHIB could trade at $0.000035, a projected gain of 264.5%. Medium Forecast: In this scenario, Gemini predicts a potential price of $0.00007, implying an upside of 629.1%. Optimistic outlook: In the best-case scenario, Gemini predicts that SHIB will reach $0.0001, surpassing its all-time high and achieving a staggering 941.6% growth. Scenario 3: Bitcoin reaches $250,000 Conservative estimate: If Bitcoin reaches $250,000, Gemini predicts that SHIB could reach $0.00007, an increase of 629.1%. Modest Forecast: This scenario suggests that the price could climb to $0.00013, equivalent to a significant growth of 1,254.1%. Optimistic Outlook: The most optimistic scenario sees SHIB surging to $0.00021, a rise of 2,087.5% from current price. Important considerations It's important to acknowledge that these predictions are speculative and should be taken with a grain of salt.While Google Gemini can process large amounts of data quickly, the cryptocurrency market is highly volatile and can move in any direction without notice. The future of SHIB While the future of SHIB remains uncertain, leveraging AI-powered tools like Gemini can provide valuable insights into potential price scenarios. However, it's important to treat these forecasts with caution and remember that many factors influence the market. Meanwhile, a prominent Shiba Inu figure recently predicted when SHIB and other ecosystem tokens will take off, suggesting that 2024 will be an amazing year for the Shiba Inu ecosystem. #Shiba 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!

about 21 hours ago
CryptoNewsLand
CryptoNewsLand
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Ripple moved 60 million XRP tokens between wallets, worth $34.08 million. Despite skepticism, XRP’s bullish trend remains strong, potentially reaching $0.60. Market indicators suggest a favorable outlook for XRP, with a possible entry point at $0.54. In a significant development in the cryptocurrency market, Ripple executed a transfer of 60 million XRP tokens between wallets during the early hours of February 20th. The transaction, valued at $34.08 million, caught the attention of market observers.  While the specific purpose behind the transfer remains undisclosed, it signifies Ripple’s continued activity within the XRP ecosystem. Despite the sizable transaction, some investors expressed skepticism regarding Ripple’s motives, highlighting past instances where similar movements led to a decline in XRP’s price.  However, the prevailing sentiment surrounding XRP remains largely bullish, supported by recent positive price movements. This optimism is reflected in market indicators, which suggest a potential uptrend for XRP, with projections aiming for a price target of $0.60. Analysis of various technical indicators further reinforces the positive outlook for XRP. The Bollinger Bands indicate a stable trading range between $0.53 and $0.56, offering insights into potential entry points for traders.  Additionally, the Aroon indicator signals a bullish bias, with expectations of XRP making attempts to reach higher price levels. Social dominance metrics also point towards increased market interest in XRP, potentially driving further price appreciation. Overall, while skepticism persists within certain quarters of the market, the prevailing sentiment remains optimistic regarding XRP’s future performance. As Ripple continues to engage in significant transactions and the broader cryptocurrency market shows signs of resilience, XRP investors remain hopeful for further price appreciation in the near term. Read also: $400 to $532K: Tracing Bitcoin’s Journey and S2F Forecasts 8,752,735 SHIB has Been Transferred to Dead wallet Whale Alert: 14,159 BTC ($420M) Transfer Sparks Crypto Community Speculation XRP’s Half-Billion Token Transfer: Ripple’s Strategic Move Unveiled XRP Mystery: $10M Withdrawal from Binance Ignites Market Speculation The post Ripple’s 60M XRP Transfer Sparks Speculation: What’s Behind the Move? appeared first on Crypto News Land.

about 23 hours ago
Sefeoyin
Sefeoyin
followers

In the world of cryptocurrencies, Ethereum has been making waves with its recent surge in price. The second-largest cryptocurrency is on the rise, and experts predict that it may soon cross the $3,000 mark. This bullish outlook for Ethereum is driven by several factors, including the highly anticipated Dencun upgrade, an increase in staked Ether, and a reduction in circulating supply. In this article, we will explore these catalysts and delve into the Ethereum price prediction, speculating whether the price could reach $4,000. Ethereum's Recent Performance Ethereum has been outperforming Bitcoin in the crypto market, gaining significant strength in recent months. Despite Bitcoin's price stalling, Ethereum has managed to break through key resistance levels and touch the $3,000 mark for the first time since 2022. This impressive performance can be attributed to various factors that have contributed to the bullish trend of Ethereum. Catalysts for Ethereum's Bullish Outlook 1. The Dencun Upgrade One of the major factors driving Ethereum's price surge is the much-anticipated Dencun upgrade. This upgrade aims to introduce proto-danksharding, a feature that will reduce transaction fees and data availability costs for layer-2 chains. Additionally, the Dencun upgrade will implement Ethereum Improvement Proposals (EIPs) to enhance scalability, efficiency, and security. The fusion of the Cancun and Deneb upgrades will upgrade Ethereum's execution and consensus layers, respectively. The Dencun upgrade is expected to launch on the mainnet in March, and many analysts and investors believe that it will have a significant impact on Ethereum's price. 2. Increase in Staked Ether Another factor contributing to Ethereum's bullish trend is the increase in staked Ether. With the switch from proof-of-work to proof-of-stake, validators are now earning fees that are burned or taken out of circulation. This reduction in circulating supply, combined with the growing interest and participation in staking, creates a supply and demand imbalance that drives up the price of Ethereum. 3. Deflationary Nature after the Merge The upcoming Ethereum 2.0 upgrade, also known as the Merge, will further enhance Ethereum's deflationary nature. This upgrade will replace the current proof-of-work consensus mechanism with proof-of-stake, reducing energy consumption and transaction fees. As a result, Ethereum's circulating supply will continue to shrink, creating scarcity and potentially driving the price even higher. Technical Analysis and Price Prediction Technical indicators, such as moving averages and the Moving Average Convergence Divergence (MACD) indicator, support the bullish theory for Ethereum in both the short-term and long-term. The recent breakout above a key weekly resistance level suggests a stronger bullish outlook for Ethereum. Although the price has retraced slightly after touching $3,000, it has found support at the 0.5 Fibonacci level. Traders will closely monitor the daily and weekly closes above $3,000, as they could signal a continuation of the uptrend towards the next critical zones. Potential Price Targets and Resistance Levels In the event that Ethereum successfully moves and holds above $3,000, the next critical zones highlighted in yellow and red become the focus for traders. A successful retest of these levels could trigger FOMO (fear of missing out) among investors, leading to increased buying pressure. If the bullish momentum continues, Ethereum could potentially reach $4,000 and even set a new all-time high. However, in the event that Ethereum fails to move and hold above $3,000, it could be confined within the support range of $2,400 and resistance at $2,900. This consolidation phase could persist until the launch of the Dencun upgrade, which may provide the catalyst needed to push Ethereum's price higher. Expert Opinions and Market Sentiment Many analysts and investors are optimistic about Ethereum's future price potential, especially with the upcoming Dencun upgrade. Michaël van de Poppe, the founder of MN Trading Consultancy, believes that the strength of Ethereum will come from this upgrade, particularly if Bitcoin encounters a short-term peak. Van de Poppe suggests that Ethereum needs to reclaim the 0.06 level to further solidify its bullish outlook. Conclusion Ethereum's recent surge in price and its bullish outlook can be attributed to various factors, including the highly anticipated Dencun upgrade, the increase in staked Ether, and Ethereum's deflationary nature after the Merge. Technical analysis supports the bullish theory, and there is a growing market sentiment that Ethereum could reach $4,000 and set a new all-time high. However, as with any investment, it is important to conduct thorough research and consider market risks before making any financial decisions.

1 day ago
Coinpedia
Coinpedia
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The post Ethereum, Shiba Inu, and BEFE Coin Price News: Has the Bull Run Started? appeared first on Coinpedia Fintech News In the ever-evolving landscape of cryptocurrency, the recent price movements of Ethereum, Shiba Inu, and the up-and-coming meme coin that has caught the attention of investors. As we dissect the current market trends, the question on everyone’s mind is whether this signals the beginning of a significant bull run. Ethereum’s Soaring Heights: Ethereum, currently priced at $2,935.59, has experienced an impressive 18.96% surge in the last month. The second-largest cryptocurrency by market capitalization, Ethereum’s upward trajectory reflects the growing confidence in its smart contract capabilities and Ethereum’s pivotal role in decentralized finance (DeFi) applications. As Ethereum reaches new heights, investors are curious to see if this momentum is sustainable. Shiba Inu’s Ripple in the Market: Alongside Ethereum, we have Shiba Inu. Shiba Inu, with its current price at $0.000009837, has shown a modest 2.68% increase over the past month. Known for its Shiba-themed community and ambitious plans, Shiba Inu is no stranger to volatility. The recent uptick has fueled speculation about whether Shiba Inu is gearing up for a more substantial market presence. Can Shiba Inu ride the waves of momentum and establish itself as more than just a meme coin? As Ethereum, and Shiba Inu exhibit notable price movements, speculation about a potential bull run looms in the air. Ethereum’s established position, coupled with Shiba Inu’s resilience, is creating an atmosphere of anticipation among crypto enthusiasts. BEFE Coin: The Newcomer’s Surge: BEFE Coin, currently valued at $0.0004556, has emerged as a new player in the crypto arena. Fueled by Bitgert blockchain technology, BEFE Coin stands out with its high-performance transactions and cross-chain interoperability. Recent positive movements suggest that BEFE Coin is gaining traction among investors. With its unique features and promising outlook, BEFE Coin is positioned as an intriguing participant in the ongoing crypto narrative. The recent movements of Ethereum, Shiba Inu, and BEFE Coin spark excitement and speculation. Whether this signifies the start of a substantial bull run remains to be seen, but one thing is certain – the crypto journey continues to be thrilling.

1 day ago
CaptainAltcoin
CaptainAltcoin
followers

In recent weeks, Ethereum (ETH) has decisively outperformed both Bitcoin and the broader crypto market. With key resistance levels now surpassed, swing traders have set sights on a run toward the psychological $3,500 mark. And some analysts believe ETH may lead a new altcoin bull market reminiscent of past cycles. Funding Metrics Position ETH for Breakout Veteran macrotrader Mac spots favorable conditions for Ethereum to extend its strong 2024 start.  With ETH looking to consolidate constructively above $3,000 support, Mac anticipates upside targets around $3,500 will come into play next. “ETH will likely outrun BTC this week,” said Mac. Entry Point for Ride to $3,500 Echoing the bullish outlook, analyst Credibull Crypto believes ETH buyers missed an optimal entry and a dip. With ETH trending back above $3,000 already, he now watches for a minor pullback to scoop up exposure for an eventual ride to $3,500. Credibull expects Bitcoin will follow Ethereum’s charge, bouncing from its own support to reach $60,000 next. With crypto’s market leaders aligned constructively, the tide should lift prices broadly across altcoins as well, in his view. Altcoin Breakout Mirrors 2016 and 2020 Analyzing altcoin positioning, analyst Moustache notes altcoins cleared multi-year downtrend resistance in their race. With that hurdle now serving as support, the same bullish pattern emerged in past bear market bottoms during 2016 and 2020. Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices! Show more +Show less – Both occasions marked the start of historic altcoin runs – fueled by ETH leading the charge higher. Moustache contends altcoins now sit poised for similar surges after an extended crypto winter thaws.  Sentiment trends still require confirmation before conclusively calling a new bull market. But among crypto’s standout layer 1 blockchain leaders, Ethereum offers a clear barometer on when capital flows turn decisive to the upside. With so much ecosystem maturation occurring during the lean last few years, the utility base now waits in the wings if traders regain conviction. Ether’s resilience could prove the first domino in sequence – with its own historic boom then igniting altcoins broadly back into vogue. You may also be interested in: Kaspa’s KAS Token Soars to New Heights, Surpassing Cosmos (ATOM) and Theta (TAO) Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth The 5 Best Altcoins to Watch in February 2024: Which Altcoin Will Explode in 2024? Check NuggetRush ($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 ‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH appeared first on CaptainAltcoin.

1 day ago
Crypto Daily™
Crypto Daily™
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The crypto market is buzzing with excitement, fueled by the recent surge in Ethereum price, which tantalizingly approached the $3,000 milestone. The second-largest cryptocurrency reached $2,980 on Monday, February 19, its highest level in 22 months, and reignited speculation about the coming altseason. Apollo Capital's Henrik Andersson shared this sentiment, pointing to Ethereum's impending updates and the mainnet launches of scaling solutions. Amidst this optimistic backdrop, one of Ethereum's most popular scaling solutions, Optimism (OP), soared over 10% in the past week to hit $4.1 before the price started correcting gains. However, not all players are enjoying the same upward trajectory. Competing scalability-focused blockchains like Cosmos (ATOM) and NEAR Protocol (NEAR) are experiencing a downturn, with both tokens showing bearish trends in today's trading session.  In this dynamic and somewhat unpredictable market landscape, the next developments for ScapesMania (MANIA) are drawing attention. Although its presale stage has concluded, the anticipation for its forthcoming Token Generation Event (TGE) and decentralized exchange listing is palpable. 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 <<< Optimism (OP): Scaling New Heights A favorite among developers, Optimism (OP) scales the Ethereum network while leveraging its security. Following a boost in investor sentiment, partly driven by the introduction of the Bitcoin ETF, OP experienced a bullish wave, further bolstered by recent strategic moves, such as allocating 2 million OP tokens to the DeFi layer-2 (L2) network Mode. Source: TradingView Optimism (OP) recently surpassed the $4 mark, aligning with the overall bullish sentiment surrounding Ethereum. Currently, OP is trading between its support at $3.5 and resistance at $4.3, indicating a critical juncture in its market positioning.  Optimism (OP) Technical Analysis From a technical standpoint, OP's Exponential Moving Averages (EMAs) present a bullish scenario; the 10-day EMA at $3.9, the 50-day EMA at $3.7, and the 200-day EMA at $3.4 all suggest a sustained upward trend. The Relative Strength Index (RSI) at 64.3 leans towards overbought territory but isn't extreme, indicating strong buying interest. The Stochastic %K, at 58.5, supports this, showing momentum without being overextended. The Commodity Channel Index (CCI) at 138.7 and the MACD level at 0.057 also reinforce the bullish sentiment, while the Momentum indicator at 0.236 suggests increasing buying pressure. However, the Average Directional Index (ADX) at a low 22.9 suggests a lack of strong trend strength.  Optimism (OP) Price Prediction In a bullish scenario, if Optimism (OP) maintains its current trajectory and investor interest remains high, we could see OP testing the next resistance level at $4.8. This outlook aligns with the optimistic forecasts projecting Optimism's (OP) growth towards $10 by 2025. However, in a bearish scenario, challenges such as intense competition in the scaling solution space and concerns over market volatility due to limited token circulation could apply downward pressure. If these factors become prominent, OP might retreat towards $3.2, or even lower to $2.7. Cosmos (ATOM): Charting the Recovery Path Cosmos (ATOM) has recently been navigating choppy waters, grappling with persistent bearish sentiment. The token dropped by 14% in January, plummeting below the local high of $12.227. However, recent market trends suggest a potential shift in this narrative. Despite the earlier setbacks, ATOM exhibited resilience, with its weekly price chart reflecting a modest 3% uptick. This upward movement extends into the monthly timeframe, where Cosmos (ATOM) has almost clinched a 6% gain. Source: TradingView This gradual yet steady growth, particularly following the pronounced bearish phase in January, signals a potential reversal in fortunes for the token. Market analysts are now increasingly optimistic, forecasting a possible resurgence for ATOM in the weeks ahead. Now, ATOM is currently navigating a critical phase, trading between its first support level at $9.78 and the first resistance level at $11.03. Cosmos (ATOM) Technical Analysis Cosmos' (ATOM) 10-day EMA at $10.53 is slightly above the current price, indicating a mild bearish pressure. However, the 50-day and 200-day EMAs at $10.29 and $9.93, respectively, suggest underlying support, offering a silver lining for potential bullish momentum. The RSI at 47.16 is hovering near the neutral 50 mark, hinting at a balanced sentiment among traders. The Stochastic %K at 29.18 and the CCI at -17.84 further reinforce this neutral-to-bearish outlook. Meanwhile, the ADX at a low 20.14 indicates a lack of strong trend, and the MACD level of 0.081 coupled with negative Momentum at -0.228 underlines the need for caution. Cosmos (ATOM) Price Prediction In the bullish scenario, if ATOM successfully breaks above $11.03, it could trigger a wave of buying interest, potentially pushing the price towards $11.46 and $12.71 levels. This movement would be supported by a crossover in the EMAs, particularly if the short-term EMA crosses above the longer-term averages.    Conversely, in the bearish case, a failure to sustain above $9.78 could see Cosmos (ATOM) retesting lower support levels at $8.96 and $7.71. This would be accompanied by a further decline in the RSI below 45 and a continuation of the negative trend in the Stochastic and MACD indicators. NEAR Protocol (NEAR): Analyzing the Shift from Bear to Bull NEAR Protocol (NEAR) has recently shown signs of resurgence, breaking away from its bearish trend that dominated most of January. This shift in momentum is evident in its recent market performance, where NEAR has experienced a noteworthy uptick of over 7% in the past week and an impressive 12% increase month-to-date. Source: TradingView Despite this positive trend, NEAR is still trading below its year-to-date high of $4.3, reached on December 27, 2023. Currently positioned between the first support at $3.2 and the first resistance at $3.71, the token is navigating a crucial phase in its price trajectory as it potentially gears up for a continued rally. NEAR Protocol (NEAR) Technical Analysis From a technical analysis standpoint, NEAR Protocol's (NEAR) EMAs provide a bullish signal, with the 10-day EMA at $3.46 slightly above the 50-day EMA $3.34, indicating short-term momentum. However, the 200-day EMA at $3.13 suggests a need for caution, reflecting the longer-term trend. The ADX at 25.52, still below the threshold of 25, hints at a lack of strong trend. The CCI at -17.33 is near the zero line, suggesting a balance between buying and selling pressures. The RSI at 45.79 is near the neutral 50 mark, neither strongly bullish nor bearish. The Stochastic %K is under 40, typically a sign of a potential turnaround. The MACD Level at 0.038 is marginally positive, but the negative Momentum at -0.157 calls for a cautious approach. NEAR Protocol (NEAR) Price Prediction In the bullish scenario, if NEAR manages to break past $3.71, it could be en route to test the second resistance at $3.91. A sustained bullish momentum could even propel NEAR towards the $4.42 mark, aligning with analysts' projections for Q1 of 2024. Conversely, in a bearish scenario, failure to hold above $3.2 might see NEAR Protocol (NEAR) sliding towards the second support level at $2.88. A breach below this could lead to a retest of the third support at $2.37, marking a significant retreat from its current levels. Final Thoughts In today's crypto market, Ethereum's surge is casting a spotlight on its scaling solution, Optimism (OP), which is experiencing a significant rally, while competitors like Cosmos (ATOM) and NEAR Protocol (NEAR) face varied fortunes. But despite recent struggles, ATOM shows signs of a recovery path, with a modest uptick hinting at a possible market sentiment reversal. NEAR, after a period of bearish trends, is also witnessing a resurgence, indicating a potential shift towards a bullish trajectory. Whether you’re dabbling in digital currencies or going all-in, making sure you’re clued-up can make or break your experience. Remember this – you don’t want yesterday’s news guiding today’s decisions! Keep learning and stay flexible; that way, you'll be more likely to ride out any storm and catch those high waves when they come rolling in. 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.

1 day ago

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