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Raydium Crypto: Bullish Momentum Gains at Key Support Levels?Raydium crypto is trading higher in the last couple of sessions showing positive signs on the daily chart.
At the time of writing, the RAY crypto price was trading close to $1.76 USD, recording a positive intraday development of nearly 2.59%.
The Raydium crypto price has taken a pause on Tuesday after five consecutive days of gains. This recent surge has allowed the cryptocurrency to go beyond the 50-day EMA on the daily chart. At the time of writing, the RAY crypto was trading near $1.76 recording negative development of 2.78%.
Although the short-term trend appears to be slightly bullish, Raydium crypto has not yet recovered from the losses incurred in the previous week. This has left investors in doubt if there will be a new wave of selling or if buying momentum will pick up again.
Can Bulls continue to recover or Face Selloff Again?
The recent buying pressure created after a short consolidation near the $1.5 indiactes a base formation by the bulls at the lower levels. Additionally, the rebound area coincides with the previous breakout zone, indicating that Raydium's price may have dropped to complete its retest.
Furthermore, the recent buying has caused the crypto to rise above the 50-day exponential moving average, which could act as dynamic support. However, the price has paused in intraday trading, leaving investors uncertain about the trend.
To see further growth in the Radium crypto, more buying volume is necessary to accumulate and maintain the price near the 50-day EMA. According to the Coinmarket website, the intraday volume received was $17.694, with an increase of nearly 5.81% in the past 24 hours. This increase in volume indicates the rising participation of buyers, which could help the crypto recover the losses.
Although the short-term trend outlook has turned positive, investors are concerned about another selloff. To reclaim the highs, the bulls must add more buying and show sustenance at the CMP for the RAY cryptocurrency.
Technical Outlook Of Raydium crypto?
Based on technical analysis, the Raydoum cryptocurrency has shown positive signs in the long term as its price has been maintained above the 200 day Exponential Moving Average (EMA). Additionally, the price has surpassed the 50 day EMA on a daily chart, which indicates an increasing strength of the buyers. The EMAs provide a promising outlook for Raydoum's future price movements.
Conclusion
Raydium crypto price has experienced a recent surge, allowing it to go beyond the 50-day EMA on the daily chart. However, the price has not yet fully recovered from the losses incurred in the previous week, leaving investors uncertain about the trend. The recent buying pressure indicates a base formation by the bulls at the lower levels, and the rebound area coincides with the previous breakout zone.
Although the short-term trend outlook has turned positive, investors are concerned about another selloff. To see further growth in the Radium crypto, more buying volume is required to accumulate and maintain the price near the 50-day EMA. Technical analysis shows that Raydium cryptocurrency has positive signs in the long term, with the price maintained above the 200 day Exponential Moving Average (EMA).
Technical levels:
Support Levels: $1.27 and $0.89
Resistance Levels: $1.97 and $2.75
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
ApeCoin Price Plummets: An Ongoing Saga of Bearish Dominance?The ApeCoin price witnessed a breakdown below all the key EMAs suggesting a bearish outlook.
The ApeCoin Price has crashed nearly 50% in the last 30 intraday sessions and has slid near a six month low value.
The ApeCoin price has crashed after the bulls failed to recover above the 200 day exponential moving average. The correction in the overall crypto market affected ApeCoin crypto severely and the price crashed below the 200 day EMA.
The price performance reveals that the APE crypto has erased nearly 35% in the last seven intraday sessions and has wiped out more than 50% in the last one month period. The recent price crash has dragged the price near the six month low value eroding all the short term gains.
The daily chart shows that ApeCoin price is trying to stabilize near the October 2023 lows and trying to find a ground. The recent price crash has shifted the short term as well as long term trend outlook towards the bearish side.
The price has fallen below the key EMAs and is showing no signs of recovery at the moment. The key EMAs may act as a dynamic resistance if the price nears it.
As from the current price action the bears seem to have recaptured the high and might try to retain the trend control. Any rise in the short term may be considered as a discounted price for the sellers and the price may resume on the lower side if the selling pressure exceeds.
Also, for the bulls to reestablish their claim over the trend, the ApeCoin price needs to conquer the dynamic support of the key EMAs and sustain above it.
ApeCoin Crypto Volume Analysis
The Intraday volume inflow was 52.167 Million USD which was 27.50% less than the previous day’s volume inflow suggesting a volume drop. The current market capitalization of Awas at 729.28 Million USD and ranks 100th in the overall crypto market.
The volume to market capitalization of ApeCoin crypto was 7.22% suggesting mild volatility in the crypto. It has 604.89 Million APE tokens in circulation which is nearly 60.49% of the supply. The total supply of ApeCoin is 1 Billion APE tokens.
Technical Indicators Suggest A Weak Outlook.
From a technical point of view, the ApeCoin price has dropped below all the key exponential moving averages of 20, 50 and 200 days suggesting the early signs of reversal. The APE price may continue to slide lower if the bulls are unable to make a comeback from the recent support.
Also, the Relative strength index line has fallen in an oversold zone suggesting an extensive selling pressure. The RSI line was placed at 27.94 points and SMA line was at 33.60. Also, a bearish crossover of both the lines was observed which indicates the selling pressure may continue in the short term.
ApeCoin Price Prediction April 2024.
The analysts have a wide range of price targets for April 2024. The most optimistic view of analysts assumes the ApeCoin price could advance to a high of $1.796 suggesting a potential gain of over 53.13%. The lower price target which the crypto could attain as per the analysts is $0.741 if breaks the recent support and six month low value of $1.001.
Conclusion.
ApeCoin price has crashed after the bulls failed to hold above the 200-day EMA. The with a 35% drop in seven days and over 50% in a month. Currently, The price has dropped near a six-month low, erasing recent gains.
Furthermore, The bearish trend is evident as the price is below key EMAs, with no recovery signs. Bears may keep control, and any price rise could be a selling opportunity. Bulls need to push ApeCoin above key EMAs to reverse the trend. The RSI indicates strong selling pressure, suggesting the downtrend may persist if bulls don't step in.
Technical levels:
Support levels: $1.006 and $0.73
Resistance levels: $1.30 and $1.78
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
NIFTY prediction for tomorrow 15 Apr 24As we discussed NIFTY yesterday, it opened a gap-down and then continued the momentum.
If we look at the chart:
The market has broken the pattern to the downside. There is 200-ema support at the downside. I am expecting to take a little bounce back (consolidation) and then continue the bearish momentum. 22385 is going to provide very nice PA support.
All important levels are marked on the chart.
If we look at the OI data:
PCR = 0.71, which shows neutral market sentiments. However, in the past three days, OI activity PCR has been falling gradually from 1.34 -> 1.18 -> 0.7. which shows bears are increasing their position in the market very actively. There is not much of the support downside right now. The market may continue the momentum after a little bit of consolidation.
The bulls are very weak at this point.
I am expecting the market to open a gap-down near 200 EMA and then touch 13 EMA after that fall.
Reasons:
EMA(200) < Price < EMA(13), which indicates Weak bulls structure in the market. (Bearish)
RSI < 40 shows strong bears' power. (Bearish)
PCR = 0.71, which has been falling rapidly from 1.34. shows bears are actively increasing their position size. (Bearish)
Price < VWAP shows a bearish market structure. (Bearish)
Verdict : Bearish
Plan of Action : Wait for 13 EMA to touch, then sell 22500 PE (Hedge it with 15/- Premium)
MANA Price Has Crash Landed To Ground, Will It Show Resurgence? Mana Price is declining for the 3rd consecutive day and has retraced the 200 day EMA.
At the time of writing, the Decentraland crypto was trading at 0.507 reporting a negative intraday development of 1.66%.
The MANA price has been on the losing side for the third consecutive sessions on Saturday. The recent fall has taken the price near the 200 day exponential moving average.
The daily chart shows that Decentraland crypto made a breakdown of the range formed over the daily chart. The breakdown has validated the possibilities of further correction in the price.
Earlier, MANA crypto maintained a positive trajectory after a breakout in February till mid March. However, a sharp selling was observed from the monthly highs in the later weeks of March and has made a breakdown of 20 day EMA. However, the 50 day EMA acted as a dynamic support and a consolidation was observed in the last few weeks.
The MANA price noted a breakdown yesterday and dropped near the 200 day EMA. However, the 200 day EMA may act as a dynamic support and the price may surge higher.
The long term trend is still positive until the price hovers above the 200 day EMA. However, the short term trend has undergone a correction phase. Now if the bulls are able to surpass the 50 day EMA after sustaining above the 200 day it may indicate a termination of a correction phase and the price may rise again.
MANA Crypto Active Addresses Analysis
The active addresses display the number of addresses that are actively participating in the transactions of the MANA cryptocurrency. The above chart depicts the number of 24 hour active addresses and 7 day active addresses in correlation with the price.
At press time, the number of 24 hour active addresses were 775 and the 7 day active addresses were 5326. Moreover, the trajectory of the active addresses witnessed a significant growth in February and first two weeks of March. However, the last few weeks have observed a decline in the number of active addresses.
Top Addresses Are Offloading: Will Selloff Continue?
The above chart depicts the supply held by the top addresses in correlation with the Decentraland price. As per the data, the supply held by the top addresses has been declining continuously since January. The top addresses are offloading their holdings in the MANA crypto.
Looking precisely about the data, the top addresses were holding 45.5% of the total supply in the 1st week of January. The MANA price noted an uptick in February, however, the top addresses kept on offloading continuously despite a short term hike in the price. Since January the whales have offloaded a significant supply of nearly 2% and are currently holding 43.5% of the total supply.
MANA Crypto: OI Data Insights
The recent sessions witnessed a sharp selloff from the monthly high value. The Open Interest contracts curve also seems to be following the same curve and has dropped nearly 30% in the last few weeks. The total number of open contracts in the 1st week of March were $45.95 Million which has dropped to nearly $32.1 Million at the current time.
MANA Crypto Forecast April 2024
The analysts have a wide range of price targets for April 2024. The most optimistic view of analysts assumes the MANA price could advance to a high of $0.694 suggesting a potential gain of over 36.31%. The lower price target which the crypto could attain as per the analysts is $0.396 if it breaks below the 200 day EMA.
Conclusion.
MANA Price has been on a decline for the last three days, nearing the 200-day EMA. witnessing a breakout in February, Decentraland crypto faced sell-off in March, breaching the 20-day EMA but got support at the 50-day EMA. The recent breakdown has dragged the price near 200-day EMA, and could signal a rebound if sustained.
The long-term outlook still remains bullish above the 200-day EMA, despite short-term corrections. Active addresses spiked in early March but have decreased in the last couple of weeks. Currently, there are 775 daily and 5326 weekly active addresses, indicating fluctuating user activity.
Technical levels:
Support levels: $0.47 and $0.396
Resistance levels: $0.604 and $0.694
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Avalanche Price Forecast: Can AVAX Make Comeback And Shine AgainThe Avalanche price made a breakdown below the 20 day EMA suggesting weakness.
The AVAX crypto was trading close to $47.39 reporting a positive intraday development of 4.59%.
The Avalanche price jumped nearly 4.59% in Intraday and is recovering losses on Saturday. The bulls are attempting to regain control over the trend and reclaim their dominance above the 50 day exponential moving average.
The recent sessions saw a sudden fall due to profit taking as the price loomed downwards after a consolidation near the highs. The selling pressure received was backed by momentum due to which the 50 day EMA could not hold the price and a breakdown was noted on the charts.
However, the bulls seem to be aggressive in Intraday and have recovered nearly 4.59% and may reestablish themselves above the 50 day EMA if the momentum continues. The long term trend outlook is still bullish due to which it may attract the short term traders and investors at a discounted price.
Now, the Avalanche crypto may resume on the higher side again if the price bottoms out near the 50 day EMA. The buyers need to establish their presence at the lower levels to prevent the further fall and reverse its course.
Avalanche Crypto Development Activity Insights
The developer activity and developer activity count suggest the updates and changes undergoing in the AVAX crypto. The developers activity curve displayed the formation of a positive trajectory in February and March month suggesting a healthy development in the crypto.
The developers activity contributors count was 22 by the end of February. However, the developers count decreased in March month and dropped back to a count of 11. The 50% drop in the developers count slowed the development activity and a bearish curve was observed in the last month.
Open Interest Contracts Noted a Significant Profit booking.
As per Open interest vs AVAX price chart, the Open Interest contracts were 222.56 Million USD in the 1st week of February. The OI data saw a continuous growth in February and March. The number of open contracts reached 540.2 Million USD in the third week of March. The Avalanche crypto price also went parallely and experienced a growth of nearly 80%.
However, there has been a significant drop in the number of OI contracts in the last couple of weeks. Correspondingly, the AVAX price has noted a decline of nearly 20% in the period.
AVAX Crypto Sentiments Analysis
As per the santiment website, the negative sentiment was dominating till the January end. However, the weighted sentiment jumped over the zero line and turned positive in February. The AVAX price noted significant growth in the period.
The weighted sentiment curve dropped in the last couple of weeks and has fallen back towards the zero line. The overall sentiment has turned neutral as per the sentiment data.
Avalanche Price Prediction April 2024.
The Avalanche price prediction for April 2024 shows that the crypto may advance to a high of $70.8 if buyers are able to surpass the hurdle of $61.20 on the higher side. Whereas, the less optimistic analysts estimate a price target of $38.9 on the lower side after the breakdown below $44.47.
Conclusion.
The AVAX crypto has initiated a recovery after registering a fall of over 20% in the last couple of weeks. The price is up nearly 4.59% in Intraday and might show more gains by the session end. The bulls are attempting to reclaim their dominance above the 50 day EMA in order to keep the trend in their favor.
The long term trend outlook is still bullish above the 200 day EMA and might attract more buyers at a discounted price. Now, the bulls establish themselves near the 50 day EMA, then the upside trend may resume again.
Technical levels:
Support levels: $44.47 and $38.90.
Resistance levels: $61.20 and $70.08.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Kaspa price PredictionThe weighted sentiment data reveals that the Kaspa price may show more downfalls in the near term.
The Kaspa crypto was hovering near 0.135 USD, reporting a positive development of 1.80% in Intraday.
The Kaspa price is struggling to gain traction on Thursday after hitting a losing streak of three sessions. The bulls are attempting to break the losing streak and recover the losses on Thursday.
Moreover, the crypto could not resume to add gains after closing near the weekly high value in the previous week. The bears attacked on Monday and were successful in closing the price in Red for the last three sessions.
The bulls' failure in the last few sessions has validated the presence of bears near key EMAs of 20 and 50 days. The 20 and 50 day EMAs have turned into a dynamic resistance and may act as a hurdle for the bulls on the higher side.
Moreover, the long term trend is still tilted towards the buyer’s side as the Kaspa price has not invalidated the 200 day EMA and is maintained above it. Recently, the KAS price bounced back from the previous breakout zone indicating the presence of buyers at the lower levels.
Now, if the bulls are able to defend the recent demand of $0.116 and 200 day EMA it may indicate the formation of a higher low structure. It may result in the formation of a double bottom pattern and the prince may rise if it resumes on the higher side.
On the other side, the bears are dominating in the short term but need to conquer the 200 day EMA in order to shift the trend towards the negative side.
Kaspa Crypto Volume Analysis
The volume analysis shows that the Kaspa crypto received nearly 75.49 Million USD in the past 24 hours which is 40% lower than the previous day’s volume. It has a live market capitalization of 3.123 Billion USd and ranks nearly 44th in the overall crypto market.
The volume to market capitalization ratio is 2.44% indicating low volatility in the crypto. Currently, it has 23.15 Billion KAS tokens in the circulating supply which is nearly 80.68% of the total supply.
Social Dominance And Social Volume Study
The social indicators like social dominance and social volume reveals the popularity of the Kaspa cryptocurrency among the social media users. Various social media platforms like Twitter, Telegram and others serve as a medium to increase awareness and popularity among the users.
The social dominance of the KAS crypto was quite low in January. However, the crypto gained popularity in February. Parallely, the price also jumped higher from 0.1 USD to 0.19 USD in February. The price as well as the social dominance has dropped in the last couple of weeks.
Sentiments Are Turning Bearish: Can KAS Crypto Slump More?
The overall sentiments were positive in February which also reflected in the price as the crypto witnessed a significant surge in February. However, the overall sentiment dropped towards the neutral side in March.
Recently, the overall weighted sentiment curve has dropped below the zero line indicating the overall sentiment turning bearish in the short term. It suggests that the Kaspa price may show more downfall in the near term.
Kaspa Price Prediction April 2024.
On the most optimistic note, Kaspa cryptocurrency could gain to a high of $0.185 as the highest price in April if it manages to surpass the dynamic resistance of 20 and 50 days. On the other hand, the most pessimistic prediction of our analysts is for the price to retrace the 200 day EMA.
Conclusion.
The Kaspa price suffered rejection from the 20 and 50 day EMAs and declined. The bulls are attempting to break a losing streak of three sessions and the price is up nearly 1.80% intraday. The short term trend favors the sellers however the long term trend still lies on the positive side above the 200 day EMA. The weighted sentiment has turned bearish indicating the continuation of a bearish trend in the near term.
On the lower side, the price has more room to drop till the previous breakout zone and 200 day EMA.
Technical levels:
Support levels: $0.116 and $0.096
Resistance levels: $0.160 and $0.185
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Sand CryptoCan The Sandbox Crypto Continue To Register Gains In April 2024?
At press time, The Sandbox crypto was trading close to $0.692, recording a sift intraday gain of 1.28%.
The whales holdings noted a significant drop of nearly 3.5% in the last three weeks.
The Sandbox crypto got the buyers back after losing in the morning session and is attempting for a recovery. The price took a rebound from the 20 day EMA and surged higher to recover yesterday's losses.
Moreover, the SAND crypto noted a sharp selling in Intraday on Wednesday and failed to capitalize the gaining streak of previous five intraday sessions. The SAND price fell nearly 5.3% in Intraday yesterday however could not close below the dynamic support of 20 day EMA.
The SAND crypto is up nearly 1.28% after recovering from the morning losses and trades close to 0.692 USD. The trend outlook is positive and the bulls are attempting for a recovery in Intraday.
The Sandbox Crypto Volume Analysis
The Sandbox chart reveals the relationship between the SAND token's volume and price. While observing the chart closely, it was noted that both asset volume and price dropped in January. That meant a lack of interest and activity in the market for the SAND token. The average volumes were mostly under 150 Million USD and the price was hovering close to 0.45 USD.
Moreover, the SAND crypto price and volume surged in February, indicating increased demand and excitement. The trading volume exceeded 200 Million USD and the price rose drastically from 0.45 to 0.8 USD.
Looking about the recent data the price and volume both dropped in the last couple of weeks indicating a profit booking.
Whale Holdings Saw A Significant Selloff: What’s Next?
The above chart illustrates a correlation between the SAND crypto price along with the changes in the supply held by the top addresses. It is important to study the behavior of large wallets or top addresses. It gives an idea about what the top addresses are doing at the moment whether they are buying or selling the crypto.
The holdings of top addresses remained almost constant with a mere drop of 0.1% from December 2023 to February 2024 and was maintained at 71.30%. However, a significant selloff was noted in the large wallets in the 1st two weeks of March after the price reached at higher levels. The whale holdings have dropped to 67.8 as of now recording a significant 3.5% drop.
The SAND Crypto Technical Outlook
At the time of writing, the RSI line was placed slightly higher than the mean line at 54.55 points. Whereas, the SMA line was hovering close to the mean line at 51.47 points. Both the RSI and mean line were hovering higher than the mean line and a bullish crossover was observed on the charts, suggesting a positive outlook in the near term.
Also, the EMA study shows that the price took a rebound from the 50 day exponential moving average and jumped higher suggesting a bullish outlook in the short term. Also, the price and the short term EMA are placed higher than the 200 day EMA indicating a strong outlook in the long term as well.
The Sandbox Crypto Price Prediction April 2024.
On the most bullish observation, The Sandbox crypto could rise to a high of $0.934 by the end of April 2024. On the flip side, the most pessimistic prediction of our analysts is for the price to break below the 50 day EMA at $0.62 level after which the price may fall to $0.55 level.
Conclusion.
The Sandbox crypto got the support of buyers in Intraday and is up for a recovery. The price bounced back after retracing the 20 day EMA suggests the presence of the buyers at the lower levels.
The short term trend as well as the long term trend outlook is positive which may keep the price driving higher. The price prediction shows that the crypto could attain a high of $0.934 by next month. However, a significant selloff of nearly 3.5% was noted in the top addresses which might be a concern for the buyers.
Technical levels:
Support levels: $0.635 and $0.554
Resistance levels: $0.802 and $0.934
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
What everybody was thinking on BTCUSDT.[write or wrong][LEARNER]
I have readed the 20 to 30 ideas on tradeingview on BTCUSDT.
someone is talking about the prehalving , elliott wave ,45K for liquations etc.
someone is telling that LONG up to 200k others SHORT up to 20k.
But in market both bulls and bears but it's is important to note that which side you are in is much more important.
Generally we look at the chart observe the indicators or priceaction etc.
let see what indicators are telling about the BTCUSDT.
RSI in 4H is 63.88
in 1D is 48.38
while observeing back price makes the higher high but RSI makes the lower high.(in daily time frame)
Bearish divergence occurs when the price of the asset makes higher highs, indicating an upward trend, while the RSI makes lower highs, signaling weakening momentum. This discrepancy between price action and momentum can be a warning sign that the upward movement may be losing strength, and a reversal or correction could be on the horizon.
When comes to EMA's
26th jan 2024 candle closes the above 10 day ema (not full but half) but today may be close above the 10 day's EMA.
the 21 day EMA and 50 day EMA was crossing in 27- jan -2024.
price was supported at the 100 period EMA and also price moving above the 200 day EMA also trading above 200 day SMA.
while MACD was prepareing to cross each other for bullishness.
yesterday volume is 47.384k
while observeing the price action.
we have internal trendline i think this can be broken and price may reject at the level of the 42751 or 43k.
if the BTC was broke 45K level it can be the bullish , also liquidate the 1.5 Billion (accroding to the Binance BTC/USDT Liquidation Map)
i think will take the liquidations be carefull.