contributor Posted: November 17, 2024 Analysts see Cardano reaching $6, based on past price patterns The Voltaire era has boosted Cardano’s governance, but competition from Ethereum and Solana remained. Cardano [ADA] has quietly established itself as a major force in the cryptocurrency space. But with its current price far from its all-time highs, many are…
Ethereum continued to trade in the $3,000 price zone. However, the ETH/BTC pair broke support for the first time since 2016. Ethereum’s [ETH] ongoing struggle against Bitcoin [BTC] continues to dominate market discussions, as its ETH/BTC pair remains in a precarious position. Recent data revealed that Ethereum’s native token, ETH, was hovering around critical support…
Solana has regained dominance over its rivals, setting SOL up for short-term gains. However, reaching a new ATH might require a bit more time. Defying market odds, hopes for Bitcoin [BTC] to hit $100K in one bull run seem to have wavered. Even with President Trump’s backing, caution is taking over the market. Yet, the…
Journalist Posted: November 17, 2024 A crypto VC projected a positive outlook for ETH in the long run. Large players expected $2.7K-$4K price swings before the end of 2024. Chris Burniske, a partner at Placeholder, has reiterated a positive outlook for Ethereum [ETH] despite its current challenges and FUD. According to the VC, Ethereum has…
SEI has been eyeing $0.65 as the next key target. The liquidation map showed key pressure points at $0.514 and $0.550. Sei Network [SEI] has shown a remarkable recovery, posting a 60% increase over the past two weeks. This turnaround followed a recent retracement to the 50% Fibonacci level on the daily chart. At the…
Journalist Posted: November 17, 2024 Bitcoin’s buying pressure on Binance increased sharply. However, BTC might face headwinds ahead as a few indicators turned bearish. After a short pullback, Bitcoin [BTC] has once again started to inch towards its all-time high. Investors took the opportunity to buy the dip during BTC’s price fall in the recent…
contributor Posted: November 17, 2024 A recap of how Ethereum has been lagging behind compared to some of its top rivals. Why Bitcoin dominance could be the key to ETH unlocking explosive growth. Ethereum [ETH] became the subject of criticism recently, with many accusing the king of altcoins of underperforming. But things could change soon…
Toncoin has broken out of a bullish pennant, with $6.03 resistance now in focus. Market sentiment has realigned favorably, supported by MACD signals and strong on-chain metrics. Toncoin [TON] has finally broken free from its prolonged consolidation, signaling the beginning of a new bullish chapter. Trading at $5.52 with a 3.22% increase at press time,…
Journalist Posted: November 17, 2024 Cardano and XRP have made outstanding gains in the past two weeks. Legacy tokens have made decent returns in November, but we must zoom out to better understand where the market conviction truly lies. Ripple [XRP] and Cardano [ADA] stand at a market capitalization of $60.5 billion and $26.2 billion…
CFTC’s latest notice seemed to pave the way for Spot Bitcoin ETF Options being greenlighted Worth looking at its potential impact and how Bitcoin Options Open Interest has grown so far in 2024 Bitcoin ETFs have done a lot in terms of clearing the road for institutional liquidity so far this year. However, ETFs are…
FLOKI has entered the Coinbase roadmap, becoming the third memecoin to do so in the last three days However, despite the initial momentum, a parabolic run still remains elusive Floki [FLOKI] just got a major boost with its listing on Coinbase, capturing the attention of investors. Coincidence or not, this listing came on the back…
BONK has hiked by over 80% in the last seven days At the time of writing, the memecoin was well inside the oversold territory BONK recently crossed the $3 billion market capitalization threshold. This move solidified its position as the second-largest memecoin on the Solana blockchain and the fifth-largest across the wider market. It’s worth…
Cardano’s price broke through another crucial price level on the charts ADA’s price level fueled FOMO within the market Cardano (ADA) has been making headlines recently, with its price action sparking discussions about its potential to reach a new milestone by mid-2025. With both technical and on-chain metrics flashing mixed signals, this ambitious target has…
Solana’s Open Interest climbed to hit a new ATH SOL’s price rose by 44.46% over the past month Over the last 11 days, Solana [SOL] has recorded a significant uptrend on the charts. In fact, within weeks of hitting a local low of $155 earlier this month, the altcoin surged to a high of $225,…
contributor Posted: November 17, 2024 PEPE outperformed rivals post its Coinbase listing, with consolidation possibly ahead If a certain strategy plays out, a quick rebound can be expected from the memecoin The memecoin market is heating up, and one token is rapidly catching attention. With triple-digit gains in just seven days, Pepe [PEPE] is now…
Despite corrections, Bitcoin’s price has remained firmly around the $90,000 zone Crypto’s price could hike well beyond this level soon Bitcoin’s (BTC) exchange reserves have dropped to their lowest level since November 2018, reflecting a significant shift in market dynamics. This milestone was recorded soon after the crypto’s price surged past $91,000, supported by rising…
Investors started to accumulate ETH when altcoin’s price dropped from $3.4k NVT ratio revealed that Ethereum was undervalued on the charts Ethereum [ETH], the world’s largest altcoin, hit a new high on a particular front this week, a high unseen for more than a year. Notably, it happened while the market recorded a slight pullback…
Miners were selling BTC to cover costs or secure profits, acting as resistance. A much stronger dip-buying was needed to absorb this pressure. The interplay between bullish market sentiment and selling pressure from miners is a classic dynamic in cryptocurrency cycles. Over the past three days, since Bitcoin [BTC] reached an all-time high of $93K,…
XRP may be heading to its key resistance of $1.33, with strong bullish momentum and whale accumulation On-chain metrics revealed rising activity, with declining exchange reserves seen too With its market cap crossing $50 billion, XRP has reasserted itself as a dominant force in the cryptocurrency market. After surging by over 16% in just 24…
WLD surged by 8.95% over the last 24 hours 100 largest Worldcoin wallets have moved $2.3 million worth of tokens into exchanges After a sustained decline on the charts, Worldcoin [WLD] has seen a turn in fortunes over the past month. In fact, the altcoin recorded a sustained uptrend to hit its 3-months high. At…
Massive rise in whale accumulation allowed DOGE to turn bullish again If things fall in place, DOGE might retest its resistance at $0.42 The crypto market’s bullish condition has allowed most cryptos to pump their prices on the charts. Dogecoin [DOGE] was no exception. Not only did investors show confidence in the memecoin, but big-pocketed…
Sei Network’s growth can be highlighted by a 124.75% surge in daily active addresses High development activity and significant long liquidations underlined both commitment and volatility around SEI Sei Network [SEI] has seen unprecedented growth lately, with a 124.75% surge in daily active addresses pushing its figures to an impressive 182,825. This rapid hike in…
Bitcoin realized $5.42 billion in profits With rising netflows, BTC faced short-term selling pressure near $90k Bitcoin (BTC) has seen a realization of $5.42 billion in profits, according to market analyst Ali, as the Sell-side Risk Ratio surged to 0.524%. This metric, which evaluates the risk-reward balance for sellers, remains below historical highs, with the…
Hamster Kombat, a Web3 game tied to the HMSTR token, has seen a sharp decline in active users To ensure long-term consistency, it needs to address these challenges Despite a significant drop in active users, community sentiment for the Hamster Kombat [HMSTR] token remains overwhelmingly positive. In fact, according to data, 73% of 87,689 voters…
XEN crypto holders and traders must approach the market in vastly different ways. Key levels overhead were visible for traders, but holders must strap in for a longer ride. XEN [XEN] crypto has broken out of a multi-month range formation and registered strong gains in the past 36 hours. The daily trading volume doubled on…
Trading at a support level defined by the Fibonacci retracement line at press time, ETH is likely to breach this level soon. Positive netflows and an increase in active addresses suggest strong investor activity, despite the short-term bearish pressure. In the past month, Ethereum [ETH] has rallied by 18.56%, underscoring bullish momentum. However, a 3.63%…
The overall NFT market cap surged by $1 billion in just a week. SOL’s price dropped by 4%, but buying pressure remained high. The crypto market has remained highly volatile over the last week as several top coins rallied then pulled back. Not only was the market getting traction in terms of crypto prices, the…
INJ’s recent $280K token burn and breakout above $28.44 have intensified bullish momentum, setting sights on $51.90. Balanced market sentiment and bullish technical indicators strengthen confidence in a rally continuation. This week’s Injective [INJ] burn saw over 11,000 tokens, valued at more than $280K, permanently removed from circulation, amplifying Injective’s deflationary impact. Consequently, this reduction…
The long-term risk for Chainlink was low as at press time. LINK consolidates in a falling wedge as Smart Money remain bullish. Chainlink [LINK] continued to be one of the top cryptos with its recent UDPI Long reading indicating that LINK was in a period of low risk. Historically, downturns in the UDPI, often preceded…
PNUT’s breakout from a symmetrical triangle and strong MACD and RSI signals suggest a bullish setup. Balanced liquidation data and whale accumulation support the case for a sustained rally. Peanut the Squirrel [PNUT] has recently broken out of a symmetrical triangle pattern on the 1-hour chart, a move that often indicates bullish continuation. PNUT was…
Memecoins have once again outperformed top altcoins, with some even posting three-digit weekly gains. Now, the battle begins to determine who will lead the ‘supercycle’. Typically, coin listings on major exchanges often act as bullish catalysts by increasing liquidity and drawing attention to a token. Recently, Pepe [PEPE] saw a 50% price surge after its…
Litecoin consolidation zone breakout underscores potential for a bigger rally in the second half of November. Litecoin hash rate hits new ATH while open interest demonstrates growing activity in the derivatives segment. It’s been an exciting week for the market with multiple ATHs and Litecoin [LTC] was not left behind. The cryptocurrency has been on…
Dogecoin breaks below wedge pattern, but there’s a potential double bottom at $0.38 mark. DOGE’s social sentiment rises as funding rates spike to new peaks. Dogecoin [DOGE] recently showed its potential for a rally as its price moved within a defined price pocket between $0.42 and $0.38. Observing the chart, DOGE broke to the $0.38…
Journalist Posted: November 15, 2024 The crypto market surged post-Trump win, pushing for pro-crypto policy reforms. Bitcoin rallied by 30%, hitting $93,490, with future growth projections strong despite a brief pullback. Following Donald Trump’s victory as the 47th President of the United States, the cryptocurrency market has surged. As the market gained momentum, the crypto…
SAND shows strong momentum following a falling wedge breakout, with resistance at $0.35. Onchain metrics bolster the bullish case, while reduced exchange reserves limit selling pressure. The Sandbox [SAND] is gaining momentum after breaking out from a falling wedge pattern, signaling a potential bullish reversal. Currently consolidating around $0.27, SAND is holding firm above the…
Bitcoin dominance is a key indicator for determining the future trajectory of altcoins. Currently, Bitcoin and altcoins are emerging as two distinct asset classes. Many prominent analysts have noted that this market cycle is different from previous ones, with a shift from speculative trading to a more sustained, fundamental-driven rally. This optimism is fueled by…
Hedera is expected to flip the $0.08 zone from resistance to support in the coming days. If HBAR witnesses sustained demand, a move toward $0.11 is likely. Hedera [HBAR] had been in a long-term downtrend till the 4th of November. Since then, the bullish momentum that seized Bitcoin [BTC] and most of the rest of…
Bitcoin Options expiry can be significant, as the expiration of large numbers of contracts can lead to sharp price movements Call options were dominant at press time, with $7.9 billion in Open Interest indicating a bullish sentiment. Bitcoin’s [BTC] Options market is currently in a state of suspense as the high-stakes expiry on 27 December…
BRETT has experienced significant gains, and the upward trend is likely to persist. Despite this optimism, technical indicators are sending mixed signals about BRETT’s near-term trajectory. In the past week, Brett [BRETT] has jumped 63.24%, reflecting strong buying momentum. This pressure has extended to the daily timeframe, driving a 39.38% increase and positioning the asset…
contributor Posted: November 15, 2024 Whales accumulate over 100k Bitcoin in a week. Metrics suggested potential bullish breakout as selling pressure subsided. Everything seems to be buzzing in the cryptocurrency market due to recent developments in Bitcoin [BTC]. Whales, technical patterns, and on-chain metrics all combined to indicate a potential change in the price trajectory…
Journalist Posted: November 15, 2024 POPCAT hits new ATH amid a sector-wide bull run. The memecoin’s strong bullish momentum hints at further upside. After dogs and frogs, cats have now taken center stage, with the top three cat-themed tokens reaching new highs. On the 13th of November, Popcat [POPCAT] hit an all-time high [ATH] of…
XRP’s NVT ratio has surged to new highs, suggesting a growing gap between its market cap and actual network activity High NVT ratios have historically led to corrections, making XRP’s current rally appear speculative. XRP’s recent price surge has captured the attention of both traders and long-term investors. A sharp spike in the NVT ratio,…
Journalist Posted: November 15, 2024 Toncoin has lagged behind the rest of the bullish market. It has a bearish structure and was trading below key moving averages. Toncoin [TON] was up by 9.13% over the past week. These would have been respectable numbers a few weeks ago, but the Bitcoin [BTC] breakout beyond $74k in…
Neiro has surged by 30.29% on weekly charts signaling a potential uptrend to a new ATH. Source link
Notcoin’s falling wedge breakout pattern and strong RSI and MACD indicators suggest bullish momentum. Mixed on-chain signals and high short interest hint at potential for a short squeeze. Notcoin [NOT] appears poised for a breakout from a falling wedge pattern, with the token surging by 12.89% over the past 24 hours to reach $0.008007 at…
Adventure Gold crypto trading volume jumps 4105.82%, signaling rising trader interest. Technical analysis pointed to $1.77 resistance, with potential targets at $3.39 and $7.78. Adventure Gold [AGLD] recorded a 24-hour trading volume of $1.58 billion, representing a staggering 4105.82% increase in the past 24 hours. This sharp rise in activity pointed to growing trader interest…
Journalist Posted: November 15, 2024 Sui price prediction is poised for a move beyond $3.54. The steady buying pressure in recent months was a sign that SUI is likely to run higher. Sui [SUI] saw a $3 billion trading volume in the past 24 hours and the market cap of the asset was $9.4 billion,…
Bitcoin surged to $93,477 before a slight dip; major withdrawals from Binance reflect investor sentiment. Key metrics, including MVRV ratio and open interest, show strong market engagement amid the price rally. Bitcoin’s [BTC] bullish momentum has continued to push the asset into uncharted territory. The leading cryptocurrency achieved its latest all-time high of $93,477 on…
Is Bitcoin going to crash? Multiple factors pointing towards it as BTC approaches $100K. A return of FOMO could be essential to reversing the trend. Extreme greed is topping the fear and greed index, mirroring the March surge when Bitcoin [BTC] hit $73K, only to crash to $67K within five days due to selling pressure…
WIF is set to break past its all-time high at $4.86. Short-term selling pressure could induce volatility, watch the $3.9 level. dogwifhat [WIF] was up by 42% in the past 24 hours and has rallied over 82.6% in the past seven days. The strong gains that Bitcoin [BTC] has been making lately have not begun…