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What are the chances of BTC going for $54000 in coming 3 MonthWhat are the chances of BTC going for $54,000 The predictions for Bitcoin (BTC) prices in September 2024 vary significantly among analysts, indicating a wide range of potential outcomes. Price Predictions for September 2024 Changelly: The forecast suggests that Bitcoin could reach a maximum of $91,539.89, with a minimum price of $58,274.52, and an average around $74,907.21. AMBCrypto: Their analysis is more optimistic, predicting an average price of $116,791.34, with a potential high of $124,966.74 for the same month. Coingape: This source aligns somewhat with Changelly, estimating that the BTC price might fluctuate between $58,274.52 and $91,539.89, with an average of $74,907.21. Summary of Predictions Minimum Price: $58,274.52 Maximum Price: $124,966.74 Average Price: Ranges from approximately $74,907.21 to $116,791.34 Conclusion The chances of Bitcoin reaching $54,000 by September 2024 appear quite high, as all predictions indicate that the price will remain above this threshold. The most conservative estimates suggest a minimum price significantly higher than $54,000, while more optimistic forecasts predict much higher values. However, the cryptocurrency market is notoriously volatile, and actual prices can be influenced by numerous factors including market sentiment, regulatory news, and economic conditions.
Short
by TradeMing
Bitcoin Cash Surges 12%, Analysts Forecast an Additional 25% Bitcoin Cash Surges 12%, Analysts Forecast an Additional 25% Gain The social metrics like social dominance and volume curve were headed upwards suggesting an increased user engagement. Despite a 12% jump in the BCH price, the analysts anticipate a 25% gain before heading for a correction. Bitcoin Cash price has been on a gaining streak for the fourth consecutive session. The bulls domination along with a optimism in the broader markets triggered a breakout of an interesting pattern after which BCH price gained nearly 7.08% today. At the time of writing, Bitcoin Cash was exchanging hands close to $445.6 recording an impressive intraday addition of nearly 7.08% and over 12% in the last couple of sessions. Despite a strong performance, few analysts are assuming the gains to compound by 25% more. Moreover, the recent price rise is supported by few on-chain metrics like social development and social volume. Let's analyze the metrics in correlation with the BCH price. Social Metrics Curve Highlights Increased User Engagement Bitcoin Cash (BCH) is a peer-to-peer electronic cash system designed to be a reliable global currency. It offers fast transactions, minimal fees, enhanced privacy, and larger block sizes. As a decentralized and permissionless cryptocurrency, Bitcoin Cash operates without the need for trusted third parties. Moreover, As per the data obtained from an on-chain analytics website app.santiment.net, the analysts have noted a positive development in on-chain metrics, social dominance and social volume. As per the analysts, the social dominance and social volume curve witnessed a healthy growth and were headed on the higher side, indicating the increased user engagement. The social dominance and social volume reflect the engagement of the social user which may create a demand. Furthermore, the transaction volume has grown by 55.7% a day indicating an increased demand. The transaction volume at 5.80% highlights low volatility. BCH ranks 14th in the cryptoverse with a live market capitalization of $8.8 Billion. The Daily Chart Highlights Breakout Of An Inverted Head & Shoulders Pattern. The price action analysis highlights a breakout of an inverted head and shoulders pattern in the recent sessions. The breakout marked the end of a correction phase as the price surpassed the key exponential moving average of 50 and 200 days. On the higher side, BCH price has surged nearly 12% above the neckline of the patter and is poised to gain nearly 25% more as per the analysts. As per the prediction the price may rise to $548 before heading for another correction. Also, if the price fails to resume higher and suffers below the neckline of the inverted head and shoulders pattern at $394, it may invalidate a bullish reversal. The price may then slump to test $350 and $300 levels. At the time of writing, the RSI line was placed close to 65 points and that of the 14 day SMA line was placed at 52.9 points. Both the RSI and SMA line were placed above the mean line highlighting an optimism among the investors. The technical indicators are leaving a positive note on a combined analysis.
CRYPTO:BCHUSDLong
by Ritika_TCR
Trump’s declarations on America Pepe (PEPE) has benefitted the most from Ethereum ETF's bullish headwinds, as per the price action. Currently, PEPE consolidates within a tight-packed range, suggesting a potential breakout that could further propel its price. This range often precedes with significant price spikes, making it a crucial juncture to look at. PEPE's price has been testing the crucial 50-day Exponential moving average band and has been above the 200-day EMA for a prolonged span of time, which signals a strong uptrend. The RSI, currently as of writing was at 56.15, exhibiting a neutral to slightly bullish sentiment. Meanwhile, the MACD indicated bullish signs from the past two weeks formed a golden cross with the MACD line crossing above the signal line. This shows a shift in the favor of the bulls. PEPE might surge magnificently soon due to the positive crypto landscape's atmosphere. This bullish sentiment has been fed by various political changes and developments. Such as Donald J. Trump’s declarations on America to form a global hub for cryptocurrency, and he further aimed to clear hurdles in doing so by firing SEC Chair Gary Gensler and naming a more crypto-friendly chief. Mainly, the political support enhances regulatory atmospheres and sentiments. Thus, enabling innovation and growth within crypto verse is possible; hence, meme-tokens as PEPE benefit from it, too. If PEPE breaks above the immediate resistance at $0.0000130 with strong volume, it could trigger a bullish continuation spike. The next target would be $0.0000139, followed by potential new highs. On the flip side, if PEPE fails to break the resistance and falls below the support at $0.0000111, it could lead to a retest of the $0.0000100 level. A break below this support could trigger further downside for $0.0000080.
CRYPTO:PEPEUSDLong
by Sam_TCR
Buy Trade Idea for ALICE- Capitalizing on Strong FundamentalsBuy Trade Idea for ALICE- Capitalizing on Strong Fundamentals Description ALICE (My Neighbor Alice) is gaining traction in the cryptocurrency market due to its unique blend of gaming and blockchain technology. Key fundamentals supporting ALICE include: - **Innovative Gaming Ecosystem:** ALICE is at the forefront of merging gaming with blockchain, offering a play-to-earn model where players can buy, own, and trade virtual islands and in-game assets. - **Strong Community Engagement:** The project has cultivated a vibrant community of gamers and crypto enthusiasts, driving its adoption and increasing its visibility in the market. - **Robust Economic Model:** The in-game economy is powered by the ALICE token, which is used for purchasing assets, staking, and participating in the game's governance, providing multiple utility and value propositions. - **Strategic Partnerships:** ALICE has formed key partnerships with major blockchain and gaming platforms, enhancing its credibility and growth potential. Given these strong fundamentals, ALICE represents an attractive buy opportunity for investors looking to benefit from the intersection of gaming and blockchain technology. Disclaimer Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Long
by MoonTradingForecast
Can Immutable Price Align with Market Trends or Continue to Lag?Can Immutable Price Align with Market Trends or Continue to Lag? Immutable price could not capitalize the previous week's gains and incurred losses of 10% this week. The price DAA divergence indicator highlights a bullish divergence indicating a possible recovery on the horizon. Immutable price recovery seemed to be cooling down this week as the crypto failed to capitalize the previous week's gains. The IMX price found it difficult to surpass the 50 day exponential moving average and headed downwards. At the time of writing, IMX was exchanging hands close to $1.47 and recording a swift intraday loss of 0.77%. The earlier sessions of this week saw continued recovery from the previous week however the weeks suffered a selling pressure and widened the losses by 10.3%. The IMX price seemed to be lagging behind the market trends as the bulls have failed to make a strong comeback as of now. The price is down nearly 65% from its March lows and still struggling. The recent rebound in the broader markets due to the Ethereum ETF and Bitcoin 2024 conference could not pull it back out of a correction phase. Why Immutable Price Lagged Behind The Market Trends? The recent trends highlight an increasing awareness of IMX amid its recent efforts to solve the scalability issues. Moreover, this integration provides the platform with high liquidity in transactions and ensures the security of users' assets, making it highly competitive in the cryptocurrency market. Additionally, Immutable's relationships with key industry players have enhanced its credibility and attractiveness to investors. However, IMX faces several challenges. The regulatory environment for digital assets remains unpredictable, and any unfavorable actions by regulators can impact the platform. Furthermore, the industry is becoming increasingly competitive, with new entrants vying for market share. Despite these challenges, the potential for high revenues remains strong, attracting continued investment into IMX. Price DAA Divergence Suggests Further Improvement The previous week saw a strong rebound which the bulls could not continue this week and the price suffered. Despite all, an important on-chain metrics suggests Price DAA divergence indicator highlights a positive divergence between suggesting possibility of further improvement in the price. As per the data obtained by an on-chain analytics website app.santiment.net, a positive divergence between the IMX price and Daily Active Addresses indicates further bullish waves may be on the horizon. The DAA (Daily Active Addresses) reveals the unique number of addresses that have taken part in a transaction in a day. What’s Next For Immutable? From a technical standpoint, the long term trend seemed to be bearish as it lags nearly 24% from the 200 day Exponential moving average. The short term trend outlook seems to be neutral between the 50 day and 20 day EMA. Now, if the selling pressure exceeds and the price looms below the 20 day EMA, it may indicate a bearish continuation and the price may resume lower to test the recent swing low towards the $1 level. On the flip side, if the bulls take charge and surpass the recent 50 day EMA hurdle. It may regain strength and surge to challenge the 200 day EMA towards the $2 level. The price currently hovers in a neutral zone from where either a bullish or bearish continuation is possible. The MACD indicator reveals an improvement above the zero line suggesting a bullish continuation.
CRYPTO:IMXUSD
by Ritika_TCR
Bitcoin: ATH soon?BINANCE:BTCUSD Bitcoin is currently consolidating within a bull flag formation, suggesting a potential target of 100K by the end of this year or the beginning of next year. However, if the bull flag is invalidated, Bitcoin could move into the 30-40K range. The stock market appears to be peaking, and there is a possibility that funds will flow from stocks to crypto soon. Disclaimer This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile and unpredictable. Always do your own research and consult with a qualified financial advisor before making any investment decisions. The author is not responsible for any losses or gains resulting from the use of this information.
BINANCE:BTCUSD
by dCryptoMartian
1
eCash Soars 15% A Day: Social Metrics & Sentiments On The RiseeCash Soars 15% A Day: Social Metrics & Sentiments On The Rise Weighted sentiment curve has shifted to the positive territory indicating an improved sentiment among the Investors. At the time of writing, eCash was exchanging hands close to $0.0000395 recording an impressive intraday surge of 15%. eCash is on a two day gaining streak, adding a total of nearly 20% in the period. The recent surge in the XEC price has left the investors amaze as they rush to grab the token before it reaches the moon. Moreover, this is evident from the few on-chain data like weighted sentiment and transaction volume data. Despite being the long term trend bearish, the short term positive waves have added a ray of hope for a better future among the investors. eCash (XEC) is the rebranded version of Bitcoin Cash ABC (BCHA), which itself is a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). It positions itself as a “cryptocurrency designed to be used as electronic cash,” aiming to facilitate transactions for goods and services. The coin was rebranded on July 1, 2021, and has since sought to distinguish itself from its predecessor. Weighted Sentiment Enters The Positive Territory Earlier, eCash price entered a correction phase in the 1st week of April and dropped over 60% by June end. However, the bulls initiated a recovery in July now seems to be gaining momentum suggesting a possible bullish shift in the trend ahead. Moreover, few on-chain metrics have started shining off before the price reclaims the bullish territory. In tandem with the recent price surge, the weighted sentiment curve has seemed to be entering a positive territory indicating a possible bullish shift in the trend. The weighted sentiment curve reflects the overall biasness of the traders and investors whether it is bullish or bearish. As per the data obtained from an on-chain analytics website, the weighted sentiment curve was hovering below the zero line and has shifted its territory after surpassing the zero line. Additionally, the transaction volume highlights a 828% growth in the past 24 hours indicating an increased demand. At the time of writing, the transaction volume was recorded as $115.54 Million per day. Also, the volume to market cap ratio was 9.48 indicating mild volatility. with a live market capitalization of $781.6 Million, eCash ranks 93rd in the cryptoverse. Can eCash Make A Bullish Reversal or Fail? The last few weeks saw a recovery in the eCash price which seems to be gaining momentum as evident from the 15% rise today. Despite a gain of over 24% a month, eCash still lags 23% from its three month highs. However, the recent sessions have experienced the domination of the bulls which may help the crypto recover soon. The price has surpassed the 20 and 50 day exponential moving average indicating the intent for a bullish reversal in the short term. On the higher side, the most important hurdle is the 200 day EMA which if surpassed may mark a bullish reversal and the crypto may extend higher. Additionally, the MACD indicator has surpassed the zero line and was headed higher suggesting a bullish continuation. eCash price has surged nearly 20% over two days, sparking investor interest. After a 60% drop from April to June, a recovery began in July, indicating a potential bullish trend. On-chain metrics and a positive weighted sentiment curve support this outlook. Recent gains include a 15% rise today and a 24% increase over the past month, still eCash price lags 23% from its three-month high. The price has surpassed the 20 and 50-day EMAs, with the 200-day EMA as the next key resistance. The MACD indicator suggests a bullish continuation.
CRYPTO:XECUSDLong
by Ritika_TCR
Super Trump Coin (STRUMP)Super Trump Coin (STRUMP) Super Trump Coin is a pioneering cryptocurrency that leverages blockchain technology to honor the political legacy of Donald Trump. Through its decentralized platform, Super Trump Coin aims to create a digital asset ecosystem that supports Trump's principles, such as limited government and free-market economics. With a total supply of 2.6 billion tokens, Super Trump Coin allocates a portion of its transaction fees to a Donald Trump wallet, while distributing the rest across liquidity, burn, treasury, exchanges, staking/farming, and marketing.
Long
by Ritika_TCR
Buy Trade Idea for WEN (WeNetwork) - Capitalizing on Innovative Description WeNetwork (WEN) is emerging as a significant player in the cryptocurrency space, backed by solid fundamentals and innovative solutions. Key aspects of WEN include:Innovative Consensus Mechanism: WEN utilizes a novel consensus algorithm designed to enhance transaction speed and scalability, making it capable of handling a large volume of transactions efficiently.Robust Security Features: The platform incorporates advanced security measures to ensure the integrity and safety of transactions, making it a trustworthy choice for developers and users alike.Expanding Ecosystem: WEN is witnessing growing adoption, with numerous decentralized applications (dApps) and strategic partnerships being developed on its platform. This expansion is driving its utility and value.Low Transaction Fees: The network's architecture ensures minimal transaction costs, making it an appealing option for both small and large-scale operations.Given these strong fundamentals, WEN presents a compelling buy opportunity for investors looking to leverage its potential for growth and market adoption. Disclaimer Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Long
by MoonTradingForecast
Buy Trade Idea for #NPC (New Protocol Coin) Description #NPC (New Protocol Coin) is attracting interest in the cryptocurrency market due to its strong fundamentals and innovative features. Key aspects of NPC include:Advanced Security: NPC employs a cutting-edge security framework that ensures transaction integrity and protects against various attack vectors, making it a reliable choice for users and developers.Efficient Consensus Algorithm: The protocol utilizes a highly efficient consensus mechanism, enhancing transaction speed and scalability, which allows the network to handle a high throughput of transactions.Growing Adoption: NPC is experiencing increasing adoption across multiple sectors, with numerous decentralized applications (dApps) being built on its platform. This growth is further supported by strategic partnerships and a strong developer community.Low Transaction Costs: The network’s architecture ensures minimal transaction fees, making it an attractive option for both small and large-scale transactions.Given these robust fundamentals, NPC presents a compelling buy opportunity for investors looking to capitalize on its potential growth and market adoption. Disclaimer Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Long
by MoonTradingForecast
Buy Trade Idea for JITO (Jito) - Harnessing Potential Description Jito (JITO) is emerging as a noteworthy cryptocurrency within the blockchain ecosystem, aiming to provide unique solutions to scalability and transaction speed issues. Here are the key fundamentals supporting Jito: - **Innovative Consensus Mechanism:** Jito employs a cutting-edge consensus algorithm designed to improve transaction throughput and reduce latency, positioning it as a viable alternative to traditional blockchains. - **Scalability and Efficiency:** With its advanced protocol, Jito can handle a high volume of transactions, making it suitable for various high-demand applications. - **Growing Ecosystem:** The Jito network is witnessing increased adoption with the development of decentralized applications (dApps) and partnerships, enhancing its overall utility and value proposition. Investors might consider a buy trade for JITO based on these strong fundamentals, which suggest potential growth and adoption in the blockchain space. Disclaimer Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Long
by MoonTradingForecast
Turbo Price Faces Dip: Is it Best Time To Grab The Opportunity? Turbo Price Faces Dip: Is it Best Time To Grab The Opportunity? The supply held by the top addresses have surged by a significant 1% in the last one month. At the time of writing, Turbo was down nearly 3.15% and was trading close to $0.0056. Turbo price seemed to be declining in the recent sessions after a strong surge of nearly 70% in the earlier sessions. The TURBO price registered a strong breakout of a trendline resistance in the previous week and jumped 70% in a couple of sessions. Earlier, Turbo had been in a correction phase since Mid may after suffering rejection from a psychological $1 level. The price dropped suffering multiple rejection from a trendline resistance. The recent breakout marked the end of a correction phase. The broader market turmoil has dragged Turbo price down in the recent sessions. However it may be a great opportunity for an accumulation as the Top addresses are also doing the same. The top addresses were found accumulating turbo in the last one month. Whales Accumulating Turbo Cryptocurrency The top addresses seemed to be accumulating TURBO in the last one month as evident from the supply held by the top addresses. The top addresses often referred to as whales have added nearly 63.6 Million TURBO tokens to their portfolios adding up to almost 1% of the total supply. Whales generally have more resources and information than that of the retailers. They have larger investments, hence they tend to be on the right side of the trend. The price may show gains as the whales have increased their holdings in Turbo. It has a live market capitalization of $356.47 Million and ranks 213th in the cryptoverse. The transaction volume has dropped by 13.51% to $91.74 Million suggesting a waning interest of the sellers. The volume to market cap ratio at 26.14% indicates high volatility. Is Turbo A Buy On Dip Opportunity For The Investors From a technical standpoint, Turbo price hovers comfortably above the all the key exponential moving averages of 20, 50 and 200 days suggesting a strong positive trend prevailing. The recent selloff may turn out as a buy on dip opportunity as the key EMAs may offer dynamic support and Turbo price may bounce back higher. Moreover, while applying Fibonacci tool from the recent swing low at $0.0031 level to recent swing high at $0.0080, the golden zone was observed between $0.0055 and 0.0050. The golden zone acts as a key area for a trend continuation. As of now, the Turbo price seemed to be nearing the golden zone of Fibonacci and might bounce back after retesting it. The recent breakout has already confirmed the end of a correction phase. Any bounce from the golden zone may indicate a trend continuation towards the higher side. On the contrary, the pullback may turn into a bearish reversal if the price looms below the $0.0042. Is Turbo Poised For A 40% Gain Ahead? Turbo price surged nearly 70% after breaking out of a trendline resistance. However, the price has declined in the recent sessions due to broader market turmoil. This dip might be a good accumulation opportunity as top addresses (whales) have added 63.6 million TURBO tokens, about 1% of the total supply. From a technical perspective, Turbo remains above key EMAs (20, 50, 200 days), indicating a strong positive trend. The price is nearing the Fibonacci golden zone ($0.0055-$0.0050), suggesting a potential bounce and trend continuation. However, a drop below $0.0042 could signal a bearish reversal. The recent breakout has confirmed the end of the correction phase. Keyword: Turbo price Meta Description: Turbo price seemed to be declining in the recent sessions after a strong surge of nearly 70%
CRYPTO:TURBOUSDLong
by Ritika_TCR
BTCUSD View!The S&P 500 Index (SPX) plunged about 2% last week, but the weakness in the equity markets could not dampen the enthusiasm of the cryptocurrency traders. Bitcoin BTCUSD made a strong comeback, rising roughly 12% for the week. According to CoinShares da, digital asset investment products witnessed strong inflows of $1.35 billion last week, taking the total inflows in the past three weeks to $3.2 billion. Bitcoin’s strength also resulted in outflows of $1.9 million fro
COINBASE:BTCUSDShort
by FXBANkthe8055
1
Non Playable Coin Gains A Massive 112.34% a Week Amid Elon MuskNon Playable Coin Gains A Massive 112.34% a Week Amid Elon Musk's Post Elon Musk posted a video related to a non-player character (NPC) meme triggering a rally in the NPC meme coin. Non Playable coin price recorded a fresh All time high of $0.0315 intraday today. Non Playable Coin (NPC) price has been on a four day gaining streak and has traded close to an All time high value of $0.0315. The NPC price surged a massive 112% a week after a post shared on popular social media platform X. On July 20th, Elon shared a tweet on his X (formerly twitter) handle that triggered a spark in the cryptocurrency world. The post consisted of a video by a famous news reporter and influencer Mario Nawfal. He was seen discussing a Non Playable character (NPC) meme in the video. Non-Playable Coin (NPC) is a unique meme coin and NFT hybrid designed for the entire global population of over 8 billion people. Inspired by the non-playable character meme, NPC embraces the humor by issuing an ERC20 token with a supply equivalent to the total human population as of July 26, 2023. Each token can be converted into an NFT at a 1:1 ratio. Elon Musk’s Post Sparks The NPC Meme Coin. The recent tweet by a Billionaire Elon Musk caused a massive stir in the Non Playable coin. The tweet highlighted a video which was originally posted by Mario Nawful, a famous news reporter discussing the NPC token. In the video conversation, the host and the other person were discussing the fact that the vast majority of humans are non-Player characters in real life. They don’t use their mind and repeat what has been programmed. Elon Musk's tweet sparked a rally in the Non Playable Coin and the price skyrocketed boasting a weekly gain of over 100% a week. As of now, NPC was soaring at $0.306 close to record highs recording a nearly 9% positive development in Intraday. It has a live market capitalization of nearly $210 Million and ranks 230th in the cryptoverse. Non playable Coin Price At An All Time High The recent pump has driven Non Playable Coin's price to an All Time high. Despite making a 100% gain and reaching record highs, NPC price seemed to be strong as observed on a daily chart. As per the analysts, the NPC price has benefited from Elon Musk's tweet and may keep rising until volume inflow and momentum supports. The intraday transaction volume surged by 37.7% to $8.09 Million indicating a heightened demand in the crypto. Furthermore, while applying Fibonacci tool from lower swing to higher swing, the golden zone was observed closer to $0.024 level. Now, until the NPC price hovers above the $0.024 level, it may continue to show gains. On the contrary, any closing below $0.024 level may invalidate the uptrend and the price may show weakness over the charts. technical indicators are implying a bullish outlook in the short term.
Long
by Ritika_TCR
1
Is BTC about to rise?Looking at the daily line on the left, we can clearly see that BTC is coming out of a potential double top structure. Then it fell below the neckline around July 4th to 5th. But in the next few days, it turned into a bottom flip and the double top failed. And looking at the perimeter on the right The short-term EMA did not fall below the medium-term EMA At the same time, the trading volume in these two weeks was significantly lower than the trading volume in the previous rise. But it can pull the price up from the panic and short sentiment in the market. So I think this is the main force in the market cleaning up the retail investors who entered the market in the last wave. and allow them to get more chips At the same time you can see there is quite a lot of buying around 59000 Therefore, I think the next trend should be two types 1. After breaking through upward, the pressure goes back to about 70,000 and then continues upward (red arrow) 2. Go down close to the bottom of around 59,000 until the main force absorbs enough chips and then goes up (blue arrow #The cryptocurrency market has high risks, please carefully evaluate operational risks This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.
Long
by Jobs_lin
1
Gnosis (GNO)Gnosis (GNO) Gnosis is a consortium of synergistic projects transforming payment infrastructure to make decentralized financial tools accessible and user-friendly for everyone. The Gnosis ecosystem is built on the Gnosis Chain, a highly secure, resilient, and decentralized EVM Layer 1 network. Gnosis has also been a part of crypto losers this week. GNO price suffered 2% this week making it the third most underperforming cryptocurrency this week. The daily chart highlights the formation of a falling wedge pattern with the price hovering near the lower boundary. Gnosis saw a volatile week with the initial sessions headed for a recovery. However, the price suffered near the 200 day EMA and incurred a loss this week. The bulls need to surpass the 50 and 200 day EMAs in order to attain a bullish reversal.
CRYPTO:GNOUSDShort
by Ritika_TCR
BTTCDear Investors, Excited to bring to your attention a potential buying opportunity in the BTTC/USDT market. Currently, the stock has retraced back to key support levels around 0.00000087 USDT. This price level corresponds to the 70.5% Fibonacci retracement level, a historically significant zone that often marks a strong foundation for future price increases. In the past, we have observed that when the price of BTTC/USDT reaches these levels, it tends to rebound with considerable strength. The chart indicates that after touching similar retracement points, the stock has shown remarkable bullish momentum, leading to significant returns. This historical pattern suggests that the current levels could once again act as a springboard for potential gains. Here are some key Fibonacci levels to watch: - 0.00000087 USDT at the 70.5% Fibonacci retracement level - 0.00000084 USDT at the 79.0% Fibonacci retracement level - Resistance Levels: 0.00000110 USDT at the 61.8% Fibonacci retracement level, and higher levels such as 0.00000130 USDT at the 50.0% Fibonacci retracement level Given these factors, we believe this is a prime time to consider adding BTTC/USDT to your portfolio. The market conditions are favorable, and the stock is trading at a critical support level that has previously proven to be a robust entry point for long-term investors. However, it is crucial to approach this with a strategic mindset. While historical data and technical analysis provide valuable insights, the cryptocurrency market is inherently volatile. Therefore, it is advisable to conduct your own research, evaluate your risk tolerance, and consult with a financial advisor if necessary. This analysis is intended solely for educational purposes. Investing in cryptocurrencies involves risk, and it is important to make informed decisions. We aim to provide you with the tools and knowledge to navigate these opportunities effectively. Happy investing!
Long
by vinitsugandh
What Does Its Price Chart Signify On Daily Chart?After deteriorating from the $17.74 hurdle, the price fell more than 70% in a 34-day span and reached $4.57 by July 5th, where an important dynamic support trendline was in play, which pushed it upwards on the daily chart. Meanwhile, in the Trump incident, where the shooter nearly killed the Republican presidential nominee, Donald J Trump, the shooter missed an inch from his skull and penetrated the ear instead. This was taken on the optimistic side of the crypto landscape and by the MAGA (TRUMP), as he's considered a cryptocurrency skeptic-turned-supporter. In the aftermath of the incident, TRUMP rapidly formed a descending falling wedge, and the Trump incident made it look like a breakout of this pattern. At press time, TRUMP was trading at $7.85 with an intraday surge of 3.44% and struggling to surpass the $10.39 level. Once this level is passed, it could reach the supply once again. Therefore, the resistance on the daily time frame lies at around $10.39 and $14.0, while the support levels are $7.0 and $5.0. Indicators show that the price is above the 50-day EMA. The RSI was at 51.80, above the zero line, and MACD displays a bullish cross with a histogram at 0.3979. Overall, the indicators are on the optimistic side.
Long
by Sam_TCR
After Trump Incident What Does BTC Price Shows On Daily Chart? After declining from the $72000 supply zone, the price fell sharply 25% in a quick 30-day span and breached $54000 by July 5th. The petrified buyers started buying to maintain the support and got followed by buying from the crowd, as well, which led to showing sustenance on the chart for a while. The latest trump incident, where he was nearly killed by a shooter, where the shooter missed an inch from his skull and penetrated the ear instead. This was taken on the optimistic side of the crypto-verse, as he's considered one of a cryptocurrency skeptic-turned-supporter. The BTC price pumped rapidly and crossed $62500. This entire history led to form a descending, broadening falling wedge, and the trump incident made it look like a breakout of this pattern. At press time, the BTC has traded at $62820.26 with an intraday surge of 3.33% and appears headed to retest the $66150.73 level, and once passed, it could reach the supply once again, as well. Therefore, the interruptions on daily TF lie around $63800 and $66150. While the supports are $60278 and $56393. Indicators show that the price trades above 50-day and 200-day EMA's, making it bullish in the long term, once again. The RSI flashed at 56.87, above the zero line, and MACD shows a bullish cross with a histogram at $658.61. Overall indicators on the optimistic side.
COINBASE:BTCUSDLong
by Sam_TCR
MAGA (MAGA)MAGA (MAGA) MAGA coin is the digital currency that's making crypto fun again! It's not just a cryptocurrency; it's a revolution wrapped in a joke, inside a blockchain. Born from internet memes and fueled by a spirit of fun, MAGA Coin aims to put a smile on the users face and a coin in their digital wallet. At the time of writing, the MAGA meme coin price was trading at $0.00024 with an impressive intraday gain of 13.09%. MAGA secured the third memecoin gainer of the week rising nearly 20%. Further, in the daily chart, the MAGA price action reveals a double bottom pattern at the $0.00018 demand zone. The neckline of the double bottom pattern was placed close to the $0.00030 mark. A bullish breakout above the neckline could lead to the next distribution phase. On the higher side, the short term traders and investors may expect a target of $0.005 on a successful breakout of the neckline. on the flip side, the price may maintain a sideways trend until it hovers below the neckline.
Long
by Ritika_TCR
Hedera (HBAR) fails to spark investor interest: Can It CrashHedera (HBAR) fails to spark investor interest: Can It Crash More Hedera Failed to make a comeback and kept on declining since the 2nd of Week. The weighted sentiment curve highlights a frequent crossover of the zero line suggesting a confusion among the investors. The crypto market experienced a significant downturn in the very beginning of July, with Bitcoin dropping to a low of GETTEX:54K thus causing a panic selloff in the altcoins. Moreover, When Bitcoin tanks, so does the rest of the market. In tandem with the broader markets fall Hedera (HBAR) also suffered heavily, with investor confidence waning. Despite the recent recovery in Bitcoin and broader markets, HBAR has yet to regain investor trust. However, its price appears to be stabilizing near support levels, suggesting a potential bullish comeback. Hedera is a highly utilized, sustainable, enterprise-grade public network for the decentralized economy, enabling the creation of powerful decentralized applications. It has a live market capitalization of $2.54 billion and ranks 32nd in the cryptocurrency market. Weighted Sentiment Curve Highlights Investors Confusion Hedera was a highly-touted Layer 1 platform during the 2021 crypto bull cycle, reaching its all-time high (ATH). However, in 2024, the open-source proof-of-stake protocol has struggled to make a significant impact on the market. As of July, HBAR price has been in a downtrend, hovering around $0.06. Recent sessions show price stability near the support levels, suggesting a potential rebound. According to data from app.santiment.net, positive sentiment has been rising recently. However, the weighted sentiment curve frequently crosses the zero line, indicating investor uncertainty. Furthermore, the transaction volume reveals a growth of nearly 37% a day and has reached $46.77 Million a day. The rise in transaction volume highlights an increased demand. The volume to market capitalization at 1.85% suggests low volatility. Hedera Price Analysis From A Technical Point of View Hedera price has been in a downtrend since the 2nd week of May. connecting the highs, a trendline resistance may be easily drawn over the HBAR/USD daily chart. The price suffered rejection respecting the trendline resistance in May. Currently, HBAR price seems to be stabilizing near the demand zone. The key exponential moving averages has been acting as a dynamic resistance indicating a preluding bearish pressure. Now, HBAR may continue to show a sideways trend until it hovers in the range formed between 20 day EMA and demand zone of $0.64 level. A breakout above 20 day EMA may bring back confidence among the investors and price may recover. whereas, a breakdown below the demand may suggest a continuation of a bearish trend. At the time of writing, the RSI line was headed towards the mean line and was placed at 43.9 points. whereas, The 14 day SMA line was at 34.3 points. Moreover, a bullish crossover of both the lines was observed indicating a possible rebound in the price. What’s Next For HBAR? The crypto market experienced a downturn in early July, with Bitcoin dropping towards GETTEX:54K , causing a panic selloff in altcoins, including Hedera (HBAR). Despite a broader market recovery, HBAR has yet to regain investor trust. However, HBAR shows signs of stabilizing near the support level indicating a potential for a bullish rebound. Moreover, the positive sentiment is rising, though investor uncertainty remains. The transaction volume increased by 37%, reaching $46.77 million daily. Currently, HBAR suffers resistance near the key exponential moving averages and may trend sideways between the 20-day EMA and $0.64 demand zone. A breakout above the 20-day EMA could restore investor confidence.
CRYPTO:HBARUSD
by Ritika_TCR
Can $15 Million Inflow Trigger A Revival In Lido DAO (LDO)Can $15 Million Inflow Trigger A Revival In Lido DAO (LDO)? The open interest contracts have noted a rise of nearly $15 Million in the last couple of sessions indicating investors confidence. At the time of writing, Lido DAO was trading close to $1.67 recording a moderate loss of 0.48%. Lido DAO seemed to be stabilizing after near the $1.5 level in the recent sessions. Moreover the price bounced back yesterday piquing significant investors attention. The recovery in the blue chip cryptocurrencies have added a boost to the investors sentiments. In the earlier sessions, Lido DAO has failed to grab the attention of the investors amid the broader market recovery. However, the recent surge in the Open interest contracts may bring back the investors confidence. The open interest contracts have noted a nearly $15 Million surge which may trigger a recovery in the LDO price. Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks. It has a live market capitalization of $1.46 Billion and ranks 53rd in the cryptoverse. Investor Confidence Wavers in Lido DAO The bulls initiated a recovery yesterday due to which Lido DAO surged nearly 7.5%. In conjunction with the price surge, there has been a notable rise in the open interest in the last couple of sessions. A financial and on-chain analytics website revealed that the number of outstanding contracts in Lido DAO has surged by $15 Million. The open interest contracts have surged from $70 to $85 indicating a jump of nearly 20%. Furthermore, the transaction volume has surged by 16.1% to reach $121.7 Million a day. The increased transaction volume indicates a heightened demand. Moreover, the volume to market cap ration was 8.41% suggesting mild volatility. Can Lido DAO Break Out Of A Correction Phase From a technical standpoint, Lido DAO crypto was hovering below the key exponential moving average of 20, 50 and 200 days suggesting a prevailing bearish trend. The key EMAs may offer resistance and the price may suffer more. For a bullish reversal, the price needs to overcome the key dynamic resistances. on the lower side, the $1.5 level may act as a support which if breached may force the price to decline towards the $1 level. At the time of writing, the RSI line was placed close to 40 points and that of the 14 day SMA line was placed close to 39 points indicating a weakness over the charts. Moore over a bullish crossover of both the lines was observed indicating a possible rebound. Conclusion. Lido DAO cryptocurrency has recently shown signs of stabilization, with a notable 7.5% price surge yesterday. Moreover, A $15 million increase in open interest contracts suggests a potential recovery. Furthermore, A 16.1% rise in transaction volume and open interest suggests growing demand and investor confidence. From a technical point of view, Lido DAO hovers below key EMAs, indicating a bearish trend, but a bullish reversal is possible if it breaks through dynamic resistances. Currently, the RSI and SMA lines suggest market weakness, yet a bullish crossover points to a potential rebound, with $1.5 as a critical support level.
COINBASE:LDOUSD
by Ritika_TCR
Bitcoin $600 Million Influx Sparks Optimism for a Revival to $60Bitcoin $600 Million Influx Sparks Optimism for a Revival to $60K Bitcoin price noted a surge of nearly 8% in the past 72 hours indicating a sharp comeback. The Open Interest has surged by $600 Million, reaching from $9.7 Billion to $10.3 Billion. Bitcoin noted a sharp U-turn after and surged nearly 8% in the last three sessions. Aligning with the broader market recovery, BTC price was headed upwards to reclaim $60K. At the time of writing, Bitcoin was exchanging hands near $58.5K. Moreover, There has been a substantial inflow of $600 Million in the Open Interest in BTC in the last three sessions. The rising open interests have sparked a bullishness among the investors and the BTC has taken a bounce back. The price reclaimed above the 200 day exponential moving average suggesting strength in the buyers. However, the bulls need to retain this buying pressure in order to a continued recovery. Bitcoin Regaining Investor’s Confidence Earlier, Bitcoin noted a sharp decline after plummeting below a psychological $60K mark. BTC experienced a strong selling pressure towards the GETTEX:54K liquidating nearly $2 Billion long contracts. However, the recent scenario seems to have shifted towards the bullish side. As per the data obtained by an on-chain analytics website app.santiment.net the recent sessions have seen a robust increase in the open interest contracts. The OI data has jumped by nearly $600 Million from $9.7 Million to $10.3 Million in the last three sessions. Moreover, the intraday transaction volume surged by a swift 2% and was at $28.52 Billion at the time of writing. BTC dominates the cryptocurrency market with a live market capitalization of $1.135 Trillion and a dominance of nearly 53.5%. Is It Easy For Bulls To Reclaim $60K? The recent sessions have noted a recovery initiated by the bulls along with a rise in the open interest that reveals the confidence of the investors at the lower levels. on The higher side, the $60K may now turn as a supply and BTC price may face rejection near it. Currently, Bitcoin stalls close to $58.5K and slowly and steadily rises towards the major $60K level. Now, if the bulls successfully retain the price above the 200 day Exponential moving average, BTC may continue to show recovery. On the contrary, if the selling pressure rises in Intraday and the price looms, it may indicate the presence of bears at the higher levels and Price may suffer more. The RSI and SMA line displays a bullish divergence on the charts indicating a continued recovery in the upcoming sessions. What’s Ahead For Bitcoin? Bitcoin has made a significant recovery, surging 8% in recent sessions. With the BTC price currently trading near $58.5K, the bulls seem to be aiming to reclaim the $60K mark. A notable $600 million inflow into Bitcoin's Open Interest contracts has fueled investor optimism. The On-chain data shows a jump in Open Interest from $9.7 million to $10.3 million, indicating investor confidence. Currently, BTC price has surpassed the 200 day EMA however, the bulls need to retain at higher levels in order for a continued recovery. However, intraday selling could signal bearish presence, risking further declines despite bullish indicators like RSI and SMA showing a positive divergence.
BINANCE:BTCUSDLong
by Ritika_TCR