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Cointelegraph
Cointelegraph
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Bitcoin (BTC) saw continued weakness into Feb. 23 as consolidation accompanied a brief slowdown in institutional investment.  BTC/USD 1-day chart. Source: TradingView Bitcoin ETFs bounce back from day of outflows Data from Cointelegraph Markets Pro and TradingView showed BTC price action struggling around $51,000. Bulls remained caught in a narrow trading zone, in place for more than a week, as concerns surfaced over inflows to the spot Bitcoin exchange-traded funds (ETFs). These slowed considerably in recent days, with Feb. 21 even seeing a net outflow of some $36 million, per data uploaded to X (formerly Twitter) by sources including BitMEX Research. Same data in BTC terms.694 BTC net outflow on 21 Feb 2024 pic.twitter.com/mpqoo44VA2 — BitMEX Research (@BitMEXResearch) February 22, 2024 Feb. 22 saw stronger activity — net inflows of just over a quarter of a million dollars, even accounting for outflows from the Grayscale Bitcoin Trust (GBTC). “Normality resumed a $251M inflow into the Bitcoin ETFs,” James Van Straten, research and data analyst at crypto insights firm CryptoSlate, responded. Continuing on the pace of buying from the ETF operators, Thomas Fahrer, CEO of crypto-focused reviews portal Apollo, predicted that the largest of them, BlackRock’s iShares Bitcoin ETF (IBIT), would in future change BTC supply dynamics. “98% of all the #Bitcoin in existence already costs >100K if you tried to buy it,” he argued alongside a chart of IBIT holdings. “Remember that the current price is just the marginal trade. Blackrock is going to test this theory, so we'll find out soon enough.” Spot Bitcoin ETF holdings (screenshot). Source: Apollo As of Feb. 23, IBIT held 124,535 BTC ($6.35 billion), per data from Apollo’s own ETF tracker. BTC price nears "trend inflection point" Focusing on low-timeframe BTC price analysis, meanwhile, popular trader Skew captured the mood among seasoned market observers. Related: Bitcoin pre-halving ‘pullback’ calls for $45K BTC price support retest The uptrend, he concluded, remained intact, but important support levels were now coming back into play. These were the 88-period and 100-period exponential moving averages (EMAs) on the 4-hour chart at $50,017 and $49,654, respectively, along with the 18-period EMA on the daily chart at $49,645. “Currently price trades around range low & 4H 55EMA which typically is a near term trend inflection point, meaning momentum picks up soon,” part of his latest X analysis read. “Buyers & Sellers likely to fight here for control.” BTC/USD 4-hour chart with EMA data. Source: TradingView This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

2 days ago
Coinstages
Coinstages
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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

3 days ago
CryptoMaestroking
CryptoMaestroking
followers

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

3 days ago
Coinpedia
Coinpedia
followers

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

3 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

4 days ago
TopCryptoNews
TopCryptoNews
followers

There have been many exciting developments in the crypto market since the start of 2024, and many cryptocurrencies have been making major moves, with perhaps the biggest star of the most recent period being Ethereum (ETH) as it reclaimed $3,000 for the first time in almost full two years. Indeed, nearly every week has brought some action that could have helped savvy crypto traders multiply their investments, and late February is no different. In this context of high hopes that some milestones – long in the making, such as XRP’s expected surge to $2 – will be reached, but with risks of unexpected mishaps still high, Finbold decided to take a look at 3 cryptocurrencies well-positioned to help investors $100 into $1,000 as soon as next week. Bitcoin (BTC) As the world’s foremost cryptocurrency, Bitcoin (BTC) has again taken the lead in the most recent rallies. BTC made headlines twice in the initial weeks of the year, first due to the approval of nine spot Bitcoin exchange-traded funds (ETFs) and then as the leader of a $100 billion wipe that happened as the crypto market was adjusting to the newborn nine. The cryptocurrency has since experienced a major surge. At approximately $52,000, it is again eyeing a surge toward its previous all-time highs – though it remains uncertain if Bitcoin will be struck by a major correction and a major buying opportunity before it restarts a bull run. Finally, in approximately two months, BTC is likely to skyrocket as its newest halving event – an event that historically helped Bitcoin surge tenfold and, sometimes, hundredfold – is expected to take place. Bitcoin price chart Since 2024 started, Bitcoin has offered a fairly strong performance – barring the decline in the weeks immediately following the ETF approvals. Year-to-date (YTD), BTC is up 17.19%. This trend is present in the more recent period as Bitcoin climbed 30.98% over the last 30 days, and the previous 24 hours of trading, however, saw it decline 0.17% to $51,763.60. Bitcoin technical analysis The technical analysis (TA) for Bitcoin, retrieved from TradingView on February 22, reveals that BTC is likely to continue rising as its overall rating stands at “buy.” Additionally, moving averages reveal that BTC is, at press time, particularly strong as they rate it a “strong buy,” though oscillators are neutral. Solana (SOL) Solana’s (SOL) recent performance has been drawing a lot of attention – and with good reason, given that it, in a matter of months, rose from about $20 to above $100. It has also recently seen a surge in network activity, and the meme coins on its blockchain have also been increasingly popular. Even the Solana mobile team achieved success and sold out the inaugural Saga smartphone – largely due to a strange arbitrage opportunity offered by the presence of BONK tokens on each phone – and is now working on a new model. Perhaps the most striking statistic showcasing Solana’s strength is the fact that its transaction volume surged above $1 trillion in January – meaning it had achieved a multi-year high in the first month of 2024. Solana price chart While undergoing a downtrend in January – along with much of the crypto market – Solana is, overall, 5.38% in the green YTD. Its more recent performance has also been fairly strong 21.23% up in the last 30 days, and it rose 2.55% on the latest day of trading. At press time, the price of SOL is $106.17. Solana technical analysis The technical analysis for Solana reveals that the token is likely to continue with its strong performance in the coming days and weeks. Overall, technicals provided by TradingView rate it as a buy, with oscillators being overall neutral but moving averages ranking it as a “strong buy.” Avalanche (AVAX) Recent months featured significant milestones for Avalanche (AVAX) as it not only saw its price surge in the Q4 2023 crypto market rally but also entered into multiple beneficial partnerships, with those with BLRD, a Web3 gaming company and Amazon’s (NASDAQ: AMZN) AWS cloud services arguably being the most important. Avalanche is also currently in a high-risk, high-reward situation as its most recent trend has been one of decline and February 21 saw it wipe as much as $1 billion in a single day. Avalanche price chart Indeed, unlike Bitcoin’s and Solana’s, Avalanche’s 2024 volatility led it to decline 2.49% between January 1, and February 22. Despite this, and despite last week’s downtrend, AVAX is up 20.47% in the previous 30 days and the most recent 24 hours of trading saw it rise 1.25% to $37.60. AVAX technical analysis Looking ahead, Avalanche’s technicals show that the token is likely to rise in price, especially given that the major unlocking event – a big contributor to its recent downtrend – has passed on February 21. Overall, TradingView’s analysis rates it a “buy,” with oscillators being neutral but moving averages reading “strong buy.” It is worth noting, however, that there is significantly more deviation for AVAX technicals depending on the exact time frame chosen that is the case with BTC and SOL as, while its weekly performance rates it as “buy,” the daily and monthly data leans more toward a neutral ranking. $AVAX $SOL $BTC #AVAX #BTC‬ #SOL #Write2Earn

3 days ago
CaptainAltcoin
CaptainAltcoin
followers

Shiba Inu (SHIB) is attracting attention as its value may rise; it is currently facing a challenge at $0.000001. Forecasts suggest it could reach $0.50. Solana (SOL) is getting ready to reach $120, displaying positive feelings and strong backing. Meanwhile, DeeStream (DST) is revolutionizing how people watch videos through its decentralized system, tackling censorship worries and advocating for free speech. With an initial offering at $0.035, the presale offers investors an appealing chance to join the decentralized video streaming future. A notable Solana (SOL) investor believes there’s a 20x potential in DeeStream (DST) as the “next YouTube” platform. Shiba Inu (SHIB): Potential Surge and Predictions for the Meme Coin Shiba Inu (SHIB) is creating ripples in the crypto scene, testing the $0.000001 resistance. Investors wonder if it can hit $0.50, with Finbold’s algorithm-based analysis projecting a noteworthy surge to $0.000401, a nearly 4,000% rise. To attain this, this meme coin needs solid investor backing and supply reduction. Despite a 41% deflation since May 2021 and 11% since October 2021, reaching $0.50 demands a substantial market capitalization boost. The analysis underscores the role of investor sentiment, market trends and token adoption. Efforts by the development team to counter inflation involve burning SHIB tokens, with a 3,400% burn rate surge, erasing over 52 million tokens. Currently at $0.000009794, with positive 24-hour gains, SHIB’s 30-day chart signals challenges and volatility ahead. Solana (SOL): Gearing Up for a Move Towards $120 People are interested in Solana (SOL) due to its robust blockchain platform. The recent price movements indicate a potential rise to $120. It is presently on an upward trajectory, displaying positive momentum. The critical support level stands at $100, with an obstacle at $110. The $100 support is backed by a 50-day moving average, showing its strength. Additionally, the 100-day and 200-day moving averages at $88.21 and $67.23, respectively, offer extra support, confirming the overall upward trend. If Solana (SOL) can break the $110 barrier, there is a chance of reaching $120 soon. This would be significant progress, solidifying a strong position for the cryptocurrency. DeeStream (DST): Revolutionizing Video Content Consumption With its decentralization and freedom of speech, DeeStream (DST) has become a disruptive force in the video content consumption market. DeeStream (DST) poses a challenge to established platforms that are facing censorship issues with its distinctive features, such as peer-to-peer streaming and decentralized governance. Since the world respects freedom of expression, it offers a revolutionary stage on which views can be heard without worrying about repression. DeeStream’s presale presents an appealing investment opportunity with an initial price of $0.035. Token holders benefit from a share of platform-generated fees, aligning their interests with DeeStream’s long-term success. By prioritizing decentralization and community involvement, DeeStream (DST) sets itself apart in a competitive market, shaping the future of video content consumption. Find out more about the DeeStream presale by visiting the website here Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content. The post Shiba Inu (SHIB) traders join DeeStream (DST) presale as Solana (SOL) whale think 20x possible in “next youtube” platform appeared first on CaptainAltcoin.

3 days ago
Crypto Daily™
Crypto Daily™
followers

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

3 days ago
Crypto Daily™
Crypto Daily™
followers

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

3 days ago
Luxury Royal Coin
Luxury Royal Coin
followers

Artificial intelligence calculated the price of Bitcoin on March 1, 2024. Now analysts are trying to determine the future vector of the main cryptocurrency, the price of which is experiencing increased volatility this week. For example, on February 20, BTC set a 24-hour maximum at $52,900 and a daily minimum at $50,950. The day ended with fluctuations in the $52,000 zone. In this dynamic this situation, machine learning algorithms based on artificial intelligence of a platform specializing in forecasting future prices for various assets, PricePredictions calculated the price of Bitcoin on March 1. AI predicts BTC growth in early March So, the platform’s algorithms predict that Bitcoin will continue to grow in the coming weeks. According to the forecast, in the next 10 days the world's largest cryptocurrency will rise to $53,108.10. Moreover, it is expected that BTC will maintain its bullish momentum both in March and a month later to reach the level of $55,789.10. The technical analysis provided by TradingView and based on price changes over both the last week and the last month is also optimistic about the future of the coin. BTC is habitually rated on the platform as a “strong buy”, while oscillators show “buy”, and moving averages show “strong buy”. #Write2Earn #BTC #ai #TrendingTopic #ETH $BTC $AI

4 days ago
Cointelegraph
Cointelegraph
followers

Bitcoin (BTC) has been trading sideways for the past few days, indicating a tough battle between the bulls and the bears. Will the sellers overpower the buyers and start a short-term correction, or could the buyers come out on top? That is the question on every crypto investor’s mind. Dwindling hopes of an early rate cut by the Federal Reserve have resulted in profit booking in the S&P 500 Index. That could signal a risk-off sentiment in the near term, increasing the risk of a pullback in Bitcoin and select altcoins. Daily cryptocurrency market performance. Source: Coin360 However, the dip may not change the long-term bullish view. Investors are likely to view every dip as a buying opportunity because of Bitcoin’s upcoming halving in April, which has historically been a bullish event. What are the important support levels that may arrest the decline in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Bitcoin is struggling to sustain above $52,000, indicating that the bears are fiercely defending the level. BTC/USDT daily chart. Source: TradingView If the price slips below $50,000, short-term traders may give up and book profits. That could pull the BTC/USDT pair to the 20-day exponential moving average ($48,842). If the price rebounds off the 20-day EMA with force, it will suggest that the sentiment remains positive and traders are buying at lower levels. That will increase the likelihood of a rally above $52,000. The pair could then jump to $60,000. Instead, if the price continues lower and breaks below the 20-day EMA, it will signal the start of a pullback to the 50-day simple moving average ($44,924). Ether price analysis Ether (ETH) turned down from the psychological resistance of $3,000 on Feb. 21, indicating profit booking by short-term traders. ETH/USDT daily chart. Source: TradingView In a strong uptrend, the corrections generally last between one to three days. The crucial support on the downside is $2,717. If the price snaps back from $2,717 with force, it will indicate that every minor dip is being purchased aggressively. That will enhance the prospects of a break above $3,000. The ETH/USDT pair may then rally to $3,300. Conversely, if bears tug the price below the 20-day EMA ($2,680), it will signal the start of a deeper correction to the 50-day SMA ($2,467). BNB price analysis BNB (BNB) turned up after a brief correction and surged above the $367 resistance on Feb. 21, signaling the resumption of the uptrend. BNB/USDT daily chart. Source: TradingView The upsloping moving averages and the RSI in the overbought zone indicate that the bulls are in command. If buyers maintain the price above $368, the BNB/USDT pair could pick up momentum and surge toward $400. The first support on the downside is at the 20-day EMA ($336) and the next is the 50-day SMA ($315). The bears will have to yank the price below the 50-day SMA to indicate a trend change. Solana price analysis Solana’s (SOL) rebound fizzled out at $115, and the price turned down on Feb. 19, indicating a lack of demand at higher levels. SOL/USDT daily chart. Source: TradingView The bears pulled the price below the neckline of the inverse head-and-shoulders pattern on Feb. 21, signaling that the bullish momentum has weakened. The 50-day SMA may act as a support, but it may not hold for long. If the support cracks, the SOL/USDT pair could start a decline to $93, which is an important level to keep an eye on. The first sign of strength will be a rise above the downtrend line. The pair could then attempt a rally to the overhead resistance of $126. XRP price analysis XRP (XRP) closed above the downtrend line on Feb. 19, but the bulls could not clear the hurdle at $0.57. This suggests that every minor relief rally is being sold into. XRP/USDT daily chart. Source: TradingView The bears are trying to pull the price below the moving averages. If they succeed, the XRP/USDT pair could dip toward the strong support at $0.46. Buyers are expected to defend this level with vigor. If the price rebounds off $0.46, the pair could climb to $0.57 and stay inside this range for some time. A break and close above $0.57 will suggest that the corrective phase may be over. The pair could then attempt a rally to $0.67. Cardano price analysis Cardano (ADA) turned down from $0.64 on Feb. 20, suggesting profit booking by the short-term traders. The price could reach the 20-day EMA ($0.57). ADA/USDT daily chart. Source: TradingView Buyers will have to defend the 20-day EMA aggressively if they want to keep the up move intact. If they do that, the ADA/USDT pair could rise to $0.64 and eventually to $0.68. A break and close above this resistance will signal the start of the next leg of the uptrend. On the contrary, if the price tumbles below the 20-day EMA, it will indicate that the bullish momentum has weakened. The pair may then consolidate inside a large range between $0.46 and $0.64 for a while. Avalanche price analysis The bulls defended the 50-day SMA ($36) on Feb. 20, but the bears sold the recovery to the 20-day EMA ($38.22) in Avalanche (AVAX). AVAX/USDT daily chart. Source: TradingView The 20-day EMA has flattened out, and the RSI is just below the midpoint, indicating a range-bound action in the near term. If the price breaks below the 50-day SMA, the AVAX/USDT pair may drop to $32, which is likely to act as a strong support. A solid rebound off the support could keep the pair between $32 and $42 for a few days. On the upside, the bulls will have to drive and sustain the pair above $42 to complete the inverse head-and-shoulders pattern and gain the upper hand. Related: Michael Saylor to forever buy Bitcoin — ‘No reason to sell the winner’ Dogecoin price analysis Dogecoin (DOGE) bounced off the 20-day EMA ($0.08) on Feb. 18, but the bulls could not overcome the barrier at $0.09. This suggests a negative sentiment where the bears are selling on rallies. DOGE/USDT daily chart. Source: TradingView If the price skids below the moving averages, the DOT/USDT pair could drop to the uptrend line. This is an essential level for the bulls to defend because if they fail to do that, the pair may start a descent to $0.07. This negative view will be invalidated in the short term if the price rebounds off the current level and rises above $0.09. That opens the doors for a possible rally to the $0.10 to $0.11 resistance zone. Chainlink price analysis Chainlink (LINK) bounced off the 20-day EMA ($18.81) on Feb. 20, but the bulls could not build upon the recovery. The price turned down and slipped below the 20-day EMA on Feb. 21. LINK/USDT daily chart. Source: TradingView The next stop on the downside is the breakout level of $17.32. This level may witness a tough battle between the bulls and the bears. If the price rebounds off $17.32 with strength, the LINK/USDT pair may rise to the 20-day EMA and later to the overhead resistance at $20.85. The zone between $17.32 and the 50-day SMA ($16.51) is likely to act as a formidable support on the downside. A break below this zone will suggest a potential trend change in the near term. Polkadot price analysis Polkadot’s (DOT) recovery stalled near the 61.8% Fibonacci retracement level of $8.21, indicating that bears continue to sell on rallies. DOT/USDT daily chart. Source: TradingView The DOT/USDT pair has reached the 50-day SMA ($7.18), which is an important level to watch out for. If this level gives way, it will suggest that the bulls are losing their grip. The pair could then drop to the neckline and subsequently to $6. The flattening 20-day EMA and the RSI near the midpoint suggest a range-bound action in the near term. If the price rebounds off the neckline, the pair could reach $8.21 and stay range-bound between these two levels for some time. The bulls will be back in the game on a close above $8.21. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

4 days ago
Coinpedia
Coinpedia
followers

The post Shiba Inu And Dogecoin Prices Lose Momentum As BTC Price Retests $50K Level appeared first on Coinpedia Fintech News The past few days have been volatile for the crypto market, especially for Shiba Inu and Dogecoin investors. As Bitcoin recently experienced a sudden drop in price by retesting the $50K zone, it sent bearish waves across the entire market, causing many meme coins to lose momentum, including the beloved Shiba Inu and Dogecoin. However, analysts expect a strong rebound for DOGE and SHIB prices as they show potential for a recovery. Crypto Market Cap Loses $2 Trillion Milestone Since January 22, the cryptocurrency market cap has maintained a consistent upward trend, hitting a significant milestone with a new yearly high surpassing $2 trillion. Despite this remarkable achievement, prices have faced a slight downturn in recent days. Of particular note, the price of Bitcoin briefly surged above the $53,000 level; however, it struggled to sustain its upward momentum, triggering anxiety among investors. This led to a surge in selling activity, resulting in total liquidations exceeding $300 million within the last 24 hours. Consequently, the price of Bitcoin retreated towards $50,500; nevertheless, bullish sentiment emerged, preventing further declines. Dogecoin (DOGE) Price Analysis Attempts by the bears to draw Dogecoin back into the symmetrical triangle pattern didn’t meet defense from the bulls. As a result, DOGE price continues to break below immediate Fib channels, weakening the chances of a bullish comeback. As of writing, DOGE price trades at $0.0835, declining over 1% from yesterday’s rate.  Currently, the 20-day Exponential Moving Average (EMA) at $0.085 is gradually trending downwards, along with the Relative Strength Index (RSI) dropping below the midline toward 41, signaling bearish dominance.  Any bullish signs could face challenges if the price continues to trade below the moving averages. Such a scenario would suggest rising bearish sentiment, with selling pressure even in minor relief rallies. A drop below the ascending downtrend line at $0.08 might create a wave of selling pressure. However, should the bulls successfully reverse the current trend and send the price above EMA lines, there’s potential for the DOGE price to surge towards the resistance zone near $0.09.      Shiba Inu (SHIB) Price Analysis Shiba Inu has experienced a retracement after failing to hold its upward trend near $0.00001, indicating that short-term traders might be taking profits. Typically, such retracements might plunge the buying confidence, consolidating the SHIB price within a bearish channel pattern. As of writing, SHIB price trades at $0.0000094, declining over 1.6% from yesterday’s rate.  The declining 20-day EMA at $0.00000965 and an RSI approaching oversold conditions suggest that the momentum remains with the bears. If the price declines further and falls below $0.0000092, it might approach the crucial support at $0.0000085, a level that could attract buying interest anew. However, should the downward pressure continue, the meme coin could drop to $0.0000079.   Should the price reverse upwards and surpass the EMA trend lines, it would signal accumulation by buyers and continue an uptrend, potentially leading the SHIB price toward a target of $0.00001.

4 days ago
Kri
Kri
followers

As Bitcoin exchange-traded funds (ETFs) inflows pushed the Bitcoin (BTC) price above the $50,000 mark and Bitcoin halving on the horizon, there are indications that another price correction may be imminent.  As the TD Sequential indicator suggested, this potential correction could be significant, with a projected reduction of around -10% for the leading cryptocurrency. Specifically, the TD Sequential indicator has recently signaled a sell on the 3-day chart for Bitcoin. It’s worth noting that when this indicator signaled bearish conditions in previous instances, BTC experienced a price correction of approximately -10%, as highlighted in a post on X by cryptocurrency analyst Ali Martinez on February 21. This would mean a considerable reduction in maiden crypto’s market cap, which recently surpassed the $1 trillion mark. Implications from a slump in Bitcoin price and possible cause Given its prominent position in the cryptocurrency market and its interdependency with various altcoins, a potential -10% correction in Bitcoin’s price could result in substantial reductions.  Specifically, this correction would decrease BTC’s market capitalization by approximately $138 billion. Consequently, the total market capitalization would shrink to $865 billion, with Bitcoin’s price correcting to around $45,000. This potential slump in price can explained by that despite Bitcoin’s remarkable price increase of 74% over the past four months, the typical crowd fear of missing out (FOMO) often associated with such surges has been notably absent.  While there was undoubtedly heightened interest in BTC in the weeks preceding and following the SEC’s approval of 11 ETFs, the absence of new greed within the space can be interpreted as expecting a further price increase. Bitcoin price chart At the time of press, Bitcoin price today is trading at $51,023, reflecting a decline of -3.39% over the past 24 hours. This adds to the losses sustained throughout the week, totaling -1.26%. These recent declines contrast with the impressive gains of 25.02% achieved over the past month. Despite recent outflows and price reductions, technical indicators are unfazed, granting the flagship cryptocurrency a ‘buy’ rating based on 13 evaluations. Moving averages are even more optimistic, signaling a ‘strong buy’ rating in 12 instances. Meanwhile, oscillators indicate a ‘neutral’ rating in 8 cases. Only time will reveal whether TD Sequential’s sell sign proves accurate again or if Bitcoin defies this technical indicator and soars to new highs. #Write2Earn #btc $BTC

4 days ago
Coinpedia
Coinpedia
followers

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

4 days ago
Crypto Expert BNB
Crypto Expert BNB
followers

$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

5 days ago
Coinpedia
Coinpedia
Crypto Trading Wisdom: Why Price Action Traders Use Moving Averages
about 2 months ago
CryptoNewsLand
CryptoNewsLand
followers

ADA experiences a notable surge amid Bitcoin stagnation, with gains of 20% in thirty days. An analyst highlights ADA’s potential long-term bull run, citing key indicators like Impulse colors and Wave Oscillator. ADA aims to consolidate above the $0.600 mark, facing resistance levels before potentially reaching $1. Cardano (ADA) has surged significantly, capitalizing on Bitcoin’s relative stability above the $52,000 threshold. Over the past month, ADA has seen a remarkable 20% increase in value, a trend that has sparked renewed optimism among investors.  This surge comes amidst observations from crypto analysts, who are pointing towards indicators suggesting a potential long-term bullish trajectory for ADA. One analyst, known as “Trend Rider,” has drawn attention to several key indicators indicating ADA’s potential for sustained growth.  $ADA is gaining the momentum needed for a new bull run. The last time we witnessed such a shift in momentum was at $0.03. This indicator, Impulse colors, tracks the price distance from key moving averages. Throughout the bear market, we predominantly saw fuchsia… pic.twitter.com/AbMqj0s0wT — Trend Rider (@TrendRidersTR) February 20, 2024 These indicators include Impulse colors, a tool tracking price movements relative to key moving averages, and the Wave Oscillator, which has recently entered into positive territory after nearly two years. The analyst highlights the significance of ADA consolidating its position above the critical $0.600 mark, which could serve as a catalyst for a prolonged uptrend. Chart analysis reveals that ADA reached a 21-month high of $0.679 in late December, marking the onset of a period of increased volatility. Despite a subsequent correction that saw ADA dip to $0.449 in January, the token has since regained bullish momentum.  However, challenges lie ahead as ADA encounters resistance levels on its path upward. Successful consolidation above $0.600 is deemed crucial, with resistance expected around $0.637 before potentially surging past $0.670 towards the $0.700 milestone. Furthermore, ADA’s recent price action showcases a pattern of establishing higher lows and higher highs, indicative of a healthy and sustained uptrend.  Read also: Bitcoin Surges Past $27K: Can It Sustain the Bull Run? Shiba Inu Sees Nearly 12% Surge: Is $0.01 Within Reach? Cardano Eyes $0.56 Resistance Following Recent Bounce Back Long-Term Holder Spending Will Measure BTC’s Success Cardano Gathers Momentum Toward $0.7 as Whales Fuel Surge The post Cardano’s Bullish Momentum Signals Potential Long-Term Growth appeared first on Crypto News Land.

5 days ago
Crypto Daily™
Crypto Daily™
followers

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.

4 days ago
Kri
Kri
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While Bitcoin (BTC) never lost its place as the most prominent cryptocurrency in the world, the first months of 2024 have seen interest – and interesting developments – only arise further. From a massive crypto market wipe that saw Bitcoin’s market cap fall a staggering $80 billion in approximately a week in the immediate aftermath of the approval of nine spot BTC exchange-traded funds (ETFs), the coin started again reaching for its previous all-time high above $65,000 by rising to, by press time, about $52,000 from as little as $39,500 in mere weeks. Analysts have also been struggling to provide accurate analysis for the cryptocurrency in the fast-paced environment with predictions – coming out in quick succession – forecasting events as diverse as a massive correction to as little as $35,000 and as a surge to new all-time highs of $80,000. The recent developments have also been happening in the shadow of the looming halving event – itself the focal point of many human and artificial intelligence (AI) predictions – and in the context of a wider crypto market rally that saw other digital assets also surge significantly and Ethereum (ETH), the world’s premier altcoin, grasp for $3,000 for the first time since early 2022. Within this dynamic situation, Finbold decided to consult the AI-driven machine learning algorithms of a platform specialized in projecting future prices of various assets – PricePredictions. AI forecast BTC price at the start of March As many are fearfully hoping, the predictive algorithms of the platform forecast that Bitcoin will steadily continue its rise in the coming weeks. In fact, the projection would see the world’s foremost cryptocurrency rise as high as $53,108.10 in the coming 10 days. Furthermore, the platform forecasts BTC will stay the course deeper into March and find itself at $55,789.10 in one month’s time. While such a steady trajectory is uncommon in the crypto market – no matter how strong Bitcoin’s performance has been recently – technical analysis (TA) provided by TradingView and based on both the last week and the last month of price changes is similarly bullish about the coin. In fact, BTC is generally rated a “strong buy” on the platform, with oscillators showing it as a “buy” and moving averages as a “strong buy.” Still, it is noteworthy that analysis based on the last 24 hours of trading is slightly less positive, with oscillators being neutral and moving averages assigning a “buy” rating. BTC price analysis While March 1 is in the future, and the future is always hard to predict for certain, it is certain that Bitcoin has been offering strong growth to investors and traders since 2024 started and, indeed, through much of the last 52 weeks. Year-to-date (YTD), the cryptocurrency rose 18.21%, and a similar trend has persisted in the shorter timeframes. The last 30 days saw BTC surge 25.32%, and in the last 7 days, another 4.82%. More recently, Bitcoin’s price stabilized somewhat, and it is 0.20% in the red at $52,257. #TrendingTopic #BTC $BTC

5 days ago
Sefeoyin
Sefeoyin
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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.

5 days ago

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