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Pepe (PEPE)Pepe (PEPE) Pepe lost nearly 14% a week and claimed the third most underperformer crypto of this week. PEPE/USD chart showcases a falling wedge formation over the daily chart. At the time of writing, Pepe was trading close to $0.0000074 recording a swift 0.04% gain in intraday. Pepe is a memecoin created as a tribute to Pepe the frog internet meme. It has a deflationary memecoin which was launched on Ethereum. Behind Dogecoin and Shiba Inu, it ranks as the 3rd largest memecoin cryptocurrency with a live market cap of $3.13 Billion. As of now, Pepe seems to be in a consolidation near the demand zone and the loser boundary of the falling wedge pattern. On the higher side, if Pepe surpasses $0.0000087, it may rise till the $0.0000109.
CRYPTO:PEPEUSDShort
by Ritika_TCR
Fasttoken Achieves New Highs Despite Broader Market Challenges Fasttoken Achieves New Highs Despite Broader Market Challenges Meta Description: Despite the recent bloodbath in the broader markets, Fasttoken price has surged to record highs. Fasttoken price has surged to record highs despite recent crashes in the broader markets. The analysts have noted a divergence between Fasttoken price and Open interest contracts indicating a selloff. The broader market has been suffering major challenges in the recent sessions. Blue chip cryptocurrencies like Bitcoin and Ethereum are struggling to gain ground after a sharp crash. As of now, Bitcoin was down nearly 11% a week and Ethereum was down 24% a week. Despite the recent bloodbath in the broader markets, Fasttoken kept on rising continuously and has claimed an all time high status. The price has performed well in the short term adding nearly 8% a week and 54.4% in the last two quarters. However, The analysts have noted a divergence between Fasttoken price and Open interest contracts which adds the risk of a selloff ahead. However, few analysts correlate it with the further development in the broader market. Why Is Fasttoken Price Rising? Despite the significant downturn in the broader market, Fasttoken has resumed its growth to reach an All time high. However, Bitcoin and Ethereum have made a strong rebound rising over 4% indicating signs of recovery in intraday. At the time of writing, Bitcoin was hovering close to $57.37K, whereas Ethereum was exchanging hands close to $2450. x.com Moreover, the recent price increase in Fasttoken seems to be derived by several factors. The Fastex platform offers a range of Web3 solutions, including Fastex Exchange, Fastex Pay, and Fastex Wallet, which enhance FTN's utility in digital applications like DeFi and payments. Additionally, the Proof of Stake and Activity (PoSA) consensus mechanism on the Bahamut blockchain boosts network security and efficiency. This system maintains network integrity and encourages user participation, supporting the platform's ability to handle a growing number of decentralized applications (dApps). Divergence Between FTN Price And OI Could Trigger Selloff Despite a strong trend in the Fasttoken price, the analysts have noted a divergence between the FTN price and Open interest data which could trigger a selloff. As per the analysts, there has been a notable drop in the OI data with the price remaining constant in the last couple of sessions. The OI data has dropped by 25% from $2 Million to $1.5 in the last couple of sessions indicating a long unwinding in the crypto. Despite a 25% drop in the Open interest contracts, FTN price was maintained at the highs. Also, the transaction volume has dropped by 52.1% to $79.77 Million a day. Also, the volume to market cap ratio at 10.38% suggests mild volatility in the crypto. Out of a total 1 Billion tokens nearly 30% i.e. 304.8 Million FTN tokens are in circulation. What’s Next For Fasttoken? Despite all the confluences and panic among the investors due to fear in broader markets, Fasttoken price currently trades at record highs. Hence from a price point of view, the analyst's view is bullish at the moment. Recently, Fasttoken has noted a strong rise of nearly 9% from $2.27 to $2.52. On the lower side, if FTN price dips below the 50% of the recent uptrend i.e. if the price slumps below the $2.42, it may indicate a weakness over the daily chart. On the contrary, until the crypto is maintained above the $2.42 level it may continue to conquer higher levels. Also, FTN price is maintained above the key exponential moving averages of 20, 50 and 200 days suggesting a bullish outlook.
CRYPTO:FTNUSDLong
by Ritika_TCR
A $20 Million Outflow Triggers a Selloff in Mog Coin: What's NexA $20 Million Outflow Triggers a Selloff in Mog Coin: What's Next? The Open Interest contracts have dropped by 30% adding pressure in Mog Coin. At the time of writing, Mog Coin was trading close to $0.00000161 recording a negative intraday development of 7.27%. Mog Coin price is on a four day losing streak snapping off nearly 17% a week. The bulls attempted for a support near the $0.00000185 level however, the weakness in the broader market added more to the worse and the price suffered. The broader crypto market including the top ones like, Bitcoin, Ethereum, Solana etc. reacted poorly to the launch of spot Ethereum ETF. Bitcoin loomed below GETTEX:64K losing over 2% while Ethereum neared $3100 losing over 5% a day. The selling pressure in the blue chip cryptocurrencies added more pressure to the altcoins and a strong selloff was observed in the recent sessions. At the time of writing, Mog Coin was exchanging hands close to $0.00000161 losing over 7% a day. MOG Experienced $20 Million Outflow Recently Mog Coin had been one of the top weekly gainers in the previous weeks and was on a strong uptrend. However, the recent outflow in the Open Interest contracts have snapped off the recent profits. As per the data obtained by an on-chain analytics website, there has been an outflow in the Open interest contracts in the last four sessions. The OI has dropped by over 30% in the recent sessions from $65 Million to $45 million losing $20 Million. The drop in OI data suggests a possible long unwinding due to sudden market turn around. Furthermore, the volume to market cap ratio at 8.15% suggests mild volatility in the crypto. Out of 420.69 Trillion total supply, 85% i.e. 360.4 Trillion MOG tokens are currently under circulation. Mog Coin Technical Analysis The recent selling pressure has not invalidated the trend yet. The short term as well as long term trend favors a bullish outlook at the moment. Though the recent selloff has snapped off the profits from the investors portfolio. However, it might have brought an opportunity for those who had missed the trend earlier. Currently, Mog Coin price hovers above the key 50 day exponential moving average suggesting a bullishness. However, a stability and a possible turnaround in the price is needed to get into longs. Now if Mog Coin takes a rebound after stabilizing near the 50 day EMA, it may validate a trend continuation and the price may proceed towards the $0.00000254 levels. Also, a bearish crossover between the RSI and 14 day SMA line warns the investors to wait RSI bounces back higher for a bullish crossover. Can Mog Coin Revive Again? Mog Coin has dropped 17% in a week due to broader market weakness. Major cryptocurrencies like Bitcoin and Ethereum also suffered reacting poorly to the Ethereum ETF launch. Open interest contracts dropped 30%, indicating possible long unwinding. Moreover, despite the recent selling pressure, the overall trend remains bullish. Mog Coin is above the 50-day EMA, suggesting potential for a rebound towards $0.00000254. Investors should watch for a bullish RSI crossover before entering long positions. Keyword: Mog Coin Meta Description: Mog Coin has dropped 17% in a week due to broader market weakness.
CRYPTO:MOGUSD
by Ritika_TCR
Fantom Gains Momentum with $15 Million Influx: Buy or Wait?Fantom Gains Momentum with $15 Million Influx: Buy or Wait? The Open Interest has surged by 15% a day indicating improved investors confidence. Despite a bounce back in the price, the price placed below the 200 day EMA adds a risk of a selloff. Fantom price overpowered the recent selling pressure and made a strong recovery above the 20 day exponential moving average. Earlier, The price resumed its way towards the recovery after taking a rebound from the $0.40 support. However, Fantom has to go a long way to recover the earlier losses. The current market scenario highlights a preluding correction phase with the price suffering since Mid March on a broader outlook. Furthermore, on-chain metrics, Open interest data reveals the strengthening of the buyers near the demand. The increased presence of the buyers may push the price higher to mark an end to the correction phase. Fantom is an open-source, decentralized platform designed for smart contracts, DApps, and digital assets, offering an alternative to Ethereum. Its primary aim is to address the limitations of earlier blockchains by balancing scalability, security, and decentralization. $15 Million Inflow Re-establishes Bulls Presence Fantom Price has been on the rise in the recent sessions after taking a strong bounce from the $0.40 level. As of now, FTM was hovering close to $0.53 rising 13% a week. Recently, FTM price suffered rejection from the 20 day EMA however a significant rise in the Open interest helped FTM overcome the losses and resume its recovery. The Open Interest contracts have observed a rise of nearly 15% a day as reported by an on-chain analytics website app.santiment.net. The OI data have surged from $94 Million a to $108 Million establishing the buyers presence at the lower levels. Furthermore, the transaction volume has surged by nearly 8% a day to $116.49 Million. The volume to market cap ratio at 7.90% suggests mild volatility in the crypto. Fantom ranks 60th in the cryptoverse with a live market capitalization of $1.48 Billion. Can Fantom Break Out Of Correction? The daily chart highlights the formation of a falling wedge pattern suggesting an ongoing correction phase. Fantom price has been in a correction phase since mid March and has declined over 30% since then. The recent sessions have observed a bounce back from the lower boundary of the falling wedge pattern. Fantome price bounced back from the $0.4 demand zone and has surpassed the 20 day EMA indicating buyers presence. However, the bulls need to overcome more hurdles in order to regain control over the trend and a bullish reversal. On the higher side, the 200 day EMA and $0.64 level may act as a strong hurdle. Now, if the price records a sustained growth above the $0.64 level, it may validate a bullish reversal and end of a correction phase. whereas, if the selling pressure exceeds, FTM may again suffer towards the $0.40 and lower. Fantom: Should You Buy Now Or Wait? Fantom price has risen 13% in a week, bouncing from $0.40 to around $0.53. Despite a recent rejection from the 20-day EMA, a 15% increase in Open Interest (from $94M to $108M) and an 8% daily rise in transaction volume ($116.49M) indicate strong buyer presence. Furthermore, The daily chart showcases a falling wedge pattern, suggesting a correction phase since mid-March. A sustained rise above $0.64 could signal a bullish reversal, while failure to do so might lead to a drop back to $0.40 or lower levels.
CRYPTO:FTMUSDLong
by Ritika_TCR
Lido DAO Price Set for 30% Increase Amid Growing User InterestLido DAO Price Set for 30% Increase Amid Growing User Interest An on-chain metrics 24H Active addresses have recorded a 30% rise indicating increased user engagement. LDO price DAA divergence indicators highlight a positive divergence suggesting a bullish continuation. Lido DAO price gained traction after stabilizing near the demand zone of $1.5 and surged higher. The LDO token price has been on a five day gaining streak erasing nearly 20% of recent losses. Despite rising over 20% in the recent session, the long term trend outlook emphasizes being in a correction phase. It adds the risk of price failure at the higher levels. However, few on-chain metrics have signaled a positive development which may derive growth in Lido DAO and may break out of a correction phase. Lido DAO is a decentralized autonomous organization (DAO) offering staking infrastructure across various blockchain networks. The platform is particularly known for its liquid staking solution for Ethereum. Users can stake their ETH and receive stETH (Lido staked ETH) tokens in return, which represent their staked ETH and accumulated staking rewards. It has a live market capitalization of $1.75 Billion and ranks 52nd in the cryptoverse. LDO: 24H Active Addresses On A Rise Along with a rise in LDO price in the recent sessions, there has been an exponential growth in 24 Hour active addresses. There has been a near 30% jump in the 24 hour active addresses in the recent sessions as per the data obtained from app.santiement.net, an on-chain analytics website. On a deeper dice, it was observed that the 24 hour active addresses were close to 300 a few days ago which has surged to nearly 380 as of now, suggesting a rise of over 30%. Active addresses represent the number of unique users which have taken part in any transaction in a given period of time. Additionally, an increased number of active addresses indicate a high user engagement which generally heightens the demand. The volume to market capitalization at 12.46% indicates high volatility. LDO Price DAA Divergence Analysis furthermore, price DAA divergence is another on-chain metrics which highlights the further growth in Lido DAO price. This metric measures any positive or negative divergence between LDO price and Daily active addresses. A positive divergence highlights a growth potential in the price and vice versa. The weekly price vs DAA metrics highlights a positive divergence suggesting a potential growth in LDO price. Apart from it, other technical indicators i.e. RSI placed at 55.86 points suggests a bullish continuation in the short term. The short term Exponential moving averages 20 and 50 day suggest a bullish continuation whereas, 200 day EMA highlights a bearish trend prevailing. Can Lido DAO Make A Bullish Reversal? Lido DAO's token price surged, erasing nearly 20% of recent losses over a five-day gaining streak. Despite this rise, the long-term trend remains in a correction phase, posing risks at higher levels. However, positive on-chain metrics, such as a 30% increase in 24-hour active addresses and price DAA divergence, suggest potential growth. Additionally, The RSI at 55.86 points indicates short-term bullish continuation. While the 20 and 50-day EMAs suggest a bullish trend, the 200-day EMA highlights a prevailing bearish trend. Key levels to watch are $2.5 for a bullish breakout and $1.5 for potential bearish continuation.
CRYPTO:LDOUSDLong
by Ritika_TCR
KAVAUSDT Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: KAVA has broken down below an important support trendline and has reached the lower support level at $0.38, which is the all-time low closing back in March 2020. In this weekly timeframe, if KAVA fails to rebound from the current market price (CMP), we will likely see a further decline toward the all-time low at $0.24. Conversely, a rebound will likely test the resistance (previously supported) of $0.64. Key Observations: ~ Current Support: $0.38 ~ All-time low Support: $0.24 ~ Primary Resistance: $0.64 DYOR, NFA Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
Bitcoin (BTC) technical and fundamental analysisBitcoin's price began to decline at the end of June due to news that the collapsed cryptocurrency exchange Mt. Gox is ready to repay its creditors. Additionally, the crypto market faced pressure from ETF outflows and miner capitulation. As a result, the BTC price formed a technical analysis pattern known as a Double Top. It has reached the first target of our previous overview - the 1H Imbalance zone. Currently, it is retesting the ascending trendline, which will determine the future direction of the price movement. If sellers push through and the price consolidates below the support level, we expect it to drop to the next targets - the 4H and 1D Imbalance zones. There are significant gaps in horizontal trading volume levels that need to be filled with trading activity. In the same range, the 0.61 - 0.78 Fibonacci retracement levels are located, where we anticipate the correction to end if it becomes deeper. For the resumption of growth, the price needs to consolidate above the EMA 50 4H dynamic resistance line and return above the Point of Control (POC) level. In this case, we expect a retest of the descending trendline resistance. 📉 Bitcoin market global analysis On the daily logarithmic chart, Bitcoin's price continues to move within the Expanding Wedge pattern and has also formed a Double Top pattern. If BTC's price breaks below the lower boundary of the Expanding Wedge during the retest, we expect the Double Top pattern to be confirmed with a movement corresponding to its height. The targets of this movement could be the 1D and 1W Imbalance zones, where we will anticipate a trend reversal and the resumption of growth. What could the next growth phase look like? Above the current ATH, there are no resistance levels based on historical data. Therefore, to determine growth targets, we will use trendlines, Fibonacci extension levels, and the analysis of large order block clusters in order books. We have a local ascending trendline that has been relevant since November 2023. Its test could occur at the 75,000 - 76,000 level, which is confirmed by a large block of pending orders. Higher, in the 80,000 - 90,000 range, lies the global trendline built on the peaks of the previous two Bitcoin cycles. Additionally, the 1.38 Fibonacci extension level is located in that area. The highest trendline is in the 1.61 - 1.78 Fibonacci extension range, and its test could start at the 100,000 level. 💠 Analysis of liquidity zones and levels The index of fear and greed is in the fear zone - 44. The total capitalization of the cryptocurrency market fell to $2089 billion, and the Bitcoin dominance index increased to 54.8. According to the analysis of the accumulation of large blocks of orders in the order books, the supply and demand zones are located at the following levels: 🟢 Demand zone: 50,000 - 56,000 🔴 Supply zone: 70,000 - 80,000 Levels for long positions: 55,000 - 57,000 - retest of the trend line and large support block 52,000 - 53,000 - large support block 50,000 - psychological level of support Levels for short positions: 70,000 - psychological resistance level 72,000 - large resistance block 75,000 - large resistance block 90,000 - global trend line 📊 Fundamental analysis Bitcoin's price started to decline in late June on news that the collapsed cryptocurrency exchange Mt. Gox, which failed in 2014, is ready to repay its creditors. If the creditors decide to sell the received bitcoins, their activity could put significant pressure on the cryptocurrency's price. Therefore, many market participants have decided to reduce the share of BTC in their portfolios in anticipation of the upcoming payouts. Outflows from bitcoin funds, which account for over 5% of the cryptocurrency's issuance, are putting pressure on Bitcoin. After the halving, the reward for mining each BTC was halved from 6.25 to 3.125 BTC. With declining income and depreciating savings, many miners are forced to sell accumulated coins, further creating pressure on Bitcoin's price. However, there are also positive expectations: In the next two weeks, a spot ETF on Ethereum may appear. Industry experts are confident that the launch of an Ethereum ETF will have a significant impact on the cryptocurrency market. SEC Chairman Gary Gensler recently stated that Ethereum ETFs are likely to emerge this summer. Due to the growth of the crypto industry in the US, candidates in the 2024 US presidential election are being forced to vie for the votes of the crypto community. Additionally, market participants are anticipating the Federal Reserve's long-awaited move to lower the key interest rate. According to Fed Chairman Jerome Powell, inflation in the US is slowing down. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ 09.07, 15:30 - Speech by Jerome Powell on the economic situation in the USA. ➤ 11.07, 15:30 - Consumer Inflation Index (CPI) in the USA for June. ➤ July 25, 21:00 - US GDP for the 2nd quarter. ➤ 31.07, 21:00 - New decision on the Fed interest rate. 📈 Statistics of signals from our AI trading indicator: In June 2024, a correction began in the cryptocurrency market after prolonged growth. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all 5 signals have become profitable, and the built-in Anti-Flat System prevented losses from manipulative market movements. Total price movement by all signals: +27.03% Maximum price movement: +13.53% Average price movement: +5.4% In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
by TradeINEX
1
a possibility could propel the price higherOver the June month, last weekend at June 30th Sunday, the ETH market exhibited a bullish trend and gained a 5% jump to the $3,500 resistance level. However, gains failed to sustain as it declined below the $3,435 mark. This dynamic trendline resistance has been in play and a recurring challenge since June 7th, when it failed to reach the $4,000 level. On July 1st, 2024, Ethereum confirmed this bullish phase was short-lived as the price faced a correction, as it shooked off from the 50-day EMA hurdle. On July 2nd and 3rd followed the decline up to $3333, and at the time of writing, it continues struggling at the support zone at $3250. Where it last traded at $3363.1 with an intraday decline of -1.57% (at press time). Additionally, the ETF’s breaking has been shared today by the ETF store president, and analysts are optimistic for $4000 mark, from the current price that would be nearly 20% on daily chart. The ETH technical tools show that the price is facing a hurdle from the 50-day dynamic EMA band and has been trading above the 200-day EMA band. Meanwhile, the MACD line has been below the signal line, and RSI flashed at 41.04, facing the oversold territory. Overall, indicators are depicting the current price activity, and that would be bearish, after a certain bullish formation, these could flip the indications. But, in this low momentum trading activity in ETH, the long-term indication stays bullish, as it's above 200-day EMA. The indicators show uncertain price action, as of now. On the upside, if Ethereum continues to break above dynamic trendline resistance and moves past the $3,500 hurdle mark on the daily ETH/USD chart. The major resistance levels could be anticipated near at $3,700 and $3,750, with a potential close above the price level of $3,750. Thereon, a possibility could propel the price towards the $3,900 and $4,000 resistance levels. Meanwhile, in the future, a decisive break above the level of $4,000 could further increase the Ethereum price towards the $4,250 level and beyond. Conversely, if Ethereum fails to cross the $3,500 resistance mark, it may enter a further decline in price. Initial support could be near $3250, with key support at $3070. Likewise, a clear move beneath this support could see the price drop towards $2960, with further losses potentially driving it below the $2850 level, as well.
BITSTAMP:ETHUSDLong
by Sam_TCR
Can BOME Crypto Mark A Bullish Reversal Amid Improved SentimentsCan BOME Crypto Mark A Bullish Reversal Amid Improved Sentiments? BOME Crypto Surged an impressive 17% yesterday indicating buyers comeback The weighted sentiment curve spiked into a bullish territory indicating an improved sentiment. The meme coins are getting a lot of attraction from the investors due to their appeal and innovative features. The increased investors enthusiasm towards the meme coin helped them to outperform blue chip cryptocurrencies like Bitcoin and Ethereum. Book Of Meme (BOME) is another meme coin which has started gaining traction in the recent sessions. The crypto has surged over 13.6% a week and might add impressive returns to the portfolio of the investors if it succeeds to make a breakout. Moreover, there has been a notable development in the weighted sentiment curve which further adds confirmation to a bullish scenario. BOME crypto ranks 96th in the cryptoverse with a live market capitalization of $702.53 Million. Weighted Sentiment Spikes Into A Bullish Territory While the price action reveals the crypto still into a bearish territory below the 50 day Exponential moving average. However the weighted sentiment curve has witnessed a notable shift into the bullish territory after the price soared nearly 17% yesterday. As per the data obtained by a financial website app.santiment.net, there has been a rise in the positive sentiment due to which the weighted sentiment curve has reclaimed the bullish territory above the zero line. The improved sentiment might drive the BOME crypto price towards a positive side. The weighted sentiment curve reflects the overall bias of the investors towards the crypto. A bullish weighted sentiment curve often reflects a positive change in the price. Can BOME Mark An End To The Correction Phase? While other meme tokens have delivered a significant amount of returns to their investors in the past three months. On the other hand, BOME has failed to deliver the same as it has been in a correction phase since April. However, the bulls are attempting in the recent sessions which could mark the termination of a correction phase. The crypto has surged over 13% a week indicating buyers' comeback. Moreover, the volume inflow has surged by 225.61% indicating strong rise in the demand that could trigger a breakout. On the higher side, the BOME crypto may resume a bullish trend if it surpasses the 50 day EMA. Is Bome Ready For a Bullish Reversal? Book Of Meme (BOME) crypto has seen a 13.6% increase over the past week, sparking interest among investors. Despite trading below the 50-day Exponential Moving Average (EMA), a 17% price jump has shifted weighted sentiment to the bullish side. Moreover, BOME crypto lagged behind other meme coins in the past quarter. However the recent sessions suggest a potential end to its correction phase, with a 13% weekly surge and a 225.61% increase in volume inflow. A break above the 50-day EMA could confirm a bullish reversal.
CRYPTO:BOMEUSDLong
by Ritika_TCR
Not coin updatesOverview Name: Not Coin (NTC) Launch Date: Recently launched (specific date varies by source) Purpose: Designed for use in decentralized applications (dApps) and smart contracts. Key Features Blockchain Technology: Not Coin operates on a blockchain platform, ensuring security and transparency. Smart Contracts: Supports the creation and execution of smart contracts, aiming to streamline various digital agreements. dApp Integration: Focused on facilitating the development and operation of decentralized applications. Market Performance Market Cap: Relatively low compared to major cryptocurrencies, reflecting its emerging status. Price Volatility: Exhibits significant price fluctuations, typical of new and smaller cryptocurrencies. Use Cases DeFi (Decentralized Finance): Potential applications in decentralized finance platforms, offering users financial services without intermediaries. Gaming: Integration into blockchain-based games, providing in-game currency and assets. Strengths Innovative Technology: Leveraging blockchain for various modern applications. Community Support: Growing community and developer interest, fostering innovation and adoption. Weaknesses High Volatility: Prone to large price swings, which can deter risk-averse investors. Limited Adoption: Still in the early stages of user and developer adoption compared to established cryptocurrencies like Bitcoin and Ethereum. Conclusion Not Coin is an emerging cryptocurrency with potential in the DeFi and dApp sectors. Its future growth depends on increased adoption and development within its ecosystem. However, investors should be aware of the high volatility and associated risks. For a detailed analysis, including technical specs and real-time market data, further research or consultation with a financial expert is recommended.
Long
by LeverageMaxoffical
Immutable Price Soars by 18%: A Bullish Turn in Sight?Immutable Price Soars by 18%: A Bullish Turn in Sight? Immutable recorded an impressive 18% surge in its intraday value, eclipsing the performance of major cryptocurrencies like BTC, ETH, and SOL. Immutable (IMX) was exchanging hands near a critical zone, surpassing this threshold may ignite its trajectory, potentially ranking it among the top gainers in the forthcoming weeks. The broader cryptocurrency market's resurgence is being propelled by significant gains in major cryptocurrencies, including Bitcoin, Ethereum, and Solana. Bitcoin has soared by over 5% to breach the significant $65,000 mark, while Ethereum and Solana have increased by 3.5% and 8%, respectively. Moreover, Immutable has eclipsed the performance of the leading cryptocurrencies with an impressive surge of nearly 18%. It stands on the brink of further gains if it can break through a key resistance level. As the trading session progresses, this could potentially lead to more substantial returns for investors. Let's analyze taking into account all relevant factors to determine if Immutable will continue to be among the top-performing cryptocurrencies in the coming weeks. IMX Crypto: Price DAA Divergence Takes The Lead Recent data from app.santiment.net reveals a promising trend, with the price and Daily Active Addresses (DAA) divergence indicator displaying positive movements in recent sessions, hinting at a potential shift in the broader trend. The indicator has shifted from neutral to bullish, suggesting an optimistic change in the overall sentiment. Moreover, DAA represents the count of distinct crypto addresses engaging with a specific cryptocurrency each day, either through sending or receiving transactions. A positive divergence between the price and DAA typically indicates an impending bullish trend. Therefore, DAA serves as a crucial on-chain metric for gauging user engagement and network activity, playing a vital role in assessing the value of a cryptocurrency. A 50% Upswing in Sight for Immutable if It Clears This Crucial Level The IMX cryptocurrency was currently tracing a rising parallel channel pattern on the daily chart. Recently, the price rebounded from the channel's lower edge, climbing 18% in a single day, aiming for the channel's upper boundary. At the time of writing, IMX was hovering in a critical area, close to its previous resistance level, the 50-day Exponential Moving Average (EMA), and the channel's upper boundary. A push beyond this area could signal a shift to a bullish trend and mark the end of the current correction. the crypto could register a growth of over 50% on a sustained breakout of $2.5 level. This upward movement is supported by a notable increase in trading volume, which lends further credibility to the potential breakout. However, should the price begin to fall back, it might suggest the continuation of the correction phase. Conclusion. The crypto market has been recovering, led by Bitcoin, Ethereum, and Solana, with Bitcoin crossing $65,000. Immutable (IMX) outshines them with an 18% jump, nearing a key resistance. Furthermore, Data from app.santiment.net website delivered a bullish price DAA divergence indicating the improved sentiment from neutral to bullish. At the time of writing, IMX was trading near the 50-day EMA and a channel's upper limit. A breakthrough could signal a bullish shift, potentially leading to over 50% growth if it surpasses $2.5. The price rise has been supported by comparative rise in the volume, but a price rejection from the crucial zone could indicate an ongoing correction.
CRYPTO:IMXUSDLong
by Ritika_TCR
1
ETH experienced growth recentlyIn recent times, the Ethereum network had experienced significant changes, with its price structure also showing notable fluctuations in line with the overall market. The recent Dencun upgrade, also called Cancun-Deneb, was rolled out a couple of weeks ago on Ethereum (ETH) with the aim of enhancing the functionality and performance of the network, (which includes scalability, efficiency, and security), by introducing several improvement proposals (EIP). Nevertheless, after this improvement, the value of Ethereum (ETH) has dropped, nearing the $3,000 price threshold. Despite the descending wedge pattern and a lower low structure, ETH experienced growth recently, with a 0.48% increase over the past day. As of the time of writing, ETH is priced at $3,077.5, as per Trading View data. ETH has experienced a 34.07% increase since the beginning of the year, as well as a 28.96% rise in the past three months, and has recently surpassed the $3,000 mark again. Based on the analysis, ETH is projected to hit a target of $3,240 and a higher target of $3,370 depending on buyer backing. Not rising could benefit bears, resulting in price declines to $2,895 and $2,740, respectively.
BITSTAMP:ETHUSDLong
by Sam_TCR
SOLUSDTSolana (SOL) is a cryptocurrency and blockchain platform known for its high performance and scalability. It aims to provide a solution to the scalability issues that many other blockchain networks face, such as Ethereum. Solana utilizes a unique consensus mechanism called Proof of History (PoH), which helps to order transactions efficiently and achieve high throughput. The project has gained significant attention and popularity within the crypto community due to its fast transaction speeds and low fees. Additionally, Solana has been attracting various decentralized finance (DeFi) projects and decentralized applications (dApps) to build on its platform.
Long
by satmech
the price fell into a wedgeThe price action of Ethereum showed a massive upsurge in the past, which favored the bulls. The price rose from the demand zone near$1535 by the October 2023 support level and rallied spectacularly up to $4100 by March 11th, 2024. After reaching the peak, the price fell into a wedge and started making lower lows and highs after the 12th of March, as bulls lost their traction on the daily chart. Support Levels: On the downside, Ethereum has encountered support near the $3,066 level, with additional support levels at $3,030 and $2,830. A breach of these support levels might lead to further downside, with the price potentially testing the lower trend line of the wedge in the near term. Resistance Levels: Ethereum faces significant resistance levels, with the first major hurdle near the $3,250 mark. Beyond that, key resistance levels are observed at $3191, $3,288, $3,338, and $3,359. A breakthrough above these levels could signal bullish momentum, potentially driving the price toward the $3,681 and $3,751 resistance zones.
BITSTAMP:ETHUSDShort
by Sam_TCR
1
Looks Look Like to Grow up Looks Coin (LOOKS) - Fundamentals, News & Disclaimer Fundamentals: LooksRare (LOOKS): Decentralized NFT marketplace built on Ethereum. Launched: January 2022 Token Utility: LOOKS token is used for: Governance (voting on platform proposals) Marketplace fees discounts Staking rewards (earn LOOKS and other tokens) Current Price: ~$0.12 (as of March 27, 2024) Market Cap: ~$124 Million (as of March 27, 2024) Recent News: LOOKS price has been up this week. Increased trading volume on LooksRare marketplace (over 150% in 24 hours). Disclaimer: I am not a financial advisor. This information is for educational purposes only and should not be considered financial advice. Cryptocurrency is a volatile investment. Do your own research before investing in LOOKS or any other cryptocurrency.
Long
by MoonTradingForecast
Token Rally Mode: Your Chance to Buy and Prosper! Token Coin (Possible Interpretations): There are two main interpretations of "Token Coin": Physical Token Coin (Numismatics): In the world of coin collecting (numismatics), token coins are physical objects resembling coins but not considered official currency. They were often used for specific purposes like trade or transportation tickets. Fundamentals: Not applicable to physical tokens. Recent News: Not applicable to physical tokens, news would likely be related to specific historical tokens or collections. Disclaimer: When dealing with physical token coins, be cautious of forgeries and ensure authenticity before buying. Cryptocurrency Token kanousei): In the cryptocurrency world, "token" is a broad term. It could refer to a specific token named "Token Coin" (less likely) or more likely, a general term for any crypto asset other than Bitcoin or Ethereum. Fundamentals: Crypto tokens can represent various things like access to a service, a vote in a decentralized project, or a store of value. Their value depends on the specific project and market forces. Recent News: The crypto market is constantly evolving. To stay updated, you can refer to reliable cryptocurrency news websites or resources like CoinMarketCap (coinmarketcap.com). Disclaimer: Investing in cryptocurrency involves significant risks. Do your own research before investing.
Long
by MoonTradingForecast
MATIC NEW PLAN 1D BULLISHThe price of Polygon (MATIC) is $0.562405 today with a 24-hour trading volume of $222,986,726.76. This represents a 0.97% price increase in the last 24 hours and a 1.35% price increase in the past 7 days. With a circulating supply of 9.3 Billion MATIC, Polygon is valued at a market cap of $5,244,059,951. Polygon (Previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Using Polygon, one can create Optimistic Rollup chains, ZK Rollup chains, stand alone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc with the advantages of Ethereum’s security, vibrant ecosystem and openness. Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem. The EURONEXT:MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
MLong
by mudasnt
ETH/USDT:- Bullish Momentum Building Towards 1760-1770 Levels ?In this technical analysis, we delve into the current market trends of the ETH/USDT trading pair. The Ethereum cryptocurrency has shown promising signs of bullish momentum, with key buying and selling levels identified for traders to consider. Buying Area at 1760-1780 Levels:- Ethereum's recent price action reveals a strong support zone between the 1760-1780 levels. Traders looking to establish long positions can consider accumulating Ethereum within this range, aiming to capitalize on potential price appreciation. Price Targets at 1950-1960 Levels:- The ETH/USDT pair is exhibiting a promising uptrend, with price targets set at the 1950-1960 levels. It is essential to monitor price movements closely, as a sustained breach above this range could trigger further gains. Bullish Order Block Opportunity:- An intriguing opportunity arises from the presence of a bullish order block at 1760-1770 levels. This block signifies a strong demand area, highlighting the potential for upward price movement. Additionally, if the market corrects itself and ETH/USDT retraces to the 1650-1680 levels, astute traders can consider this a "buy for bag" opportunity. By staying informed about these key levels and potential opportunities, traders can position themselves for success in the dynamic world of cryptocurrency trading. Follow us on Trading View for real-time updates, in-depth analyses, and actionable insights to enhance your trading journey.
Long
by Un_trade
BTCUSD Bybit Chart Analysis May 27 Hello. “Make it simple, make profit” It’s BitcoinGuide. Don’t forget to “Follow” me and press “Likes”. If you "follow" press, Only 30 Min chart , In real time, you can check major sections and move, Real-time "update I dea" can be checked. I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 27. Bitcoin 30 minute chart. The details are summarized at the bottom of the analysis on the 26th. Check the main section with a black finger. Nasdaq is on a vertical rised. It is important to see whether the rebound or not in the resistance level is important. In each of the sections indicated above and below, Long -> short -> long -> short -> long finish From the bottom to the purple finger It was very disappointing that I couldn't touch it with a difference of about 200 dollars. Only the touched section is exactly round-trip That's around $1700 in revenue. In the case of Bitcoin, unlike Nasdaq, First, there was a vertical decline. The decline was stronger than expected. I don't think the intention was to rob it in both directions. Eventually, it succeeded in a V-shaped rebound, It has now reached the center line of the 4-hour chart. Because the turnover rate is faster than the Nasdaq A strong adjustment is in progress. I feel like my head hurts today Let's take a closer look at the whole thing. Nasdaq 4 hour chart. Today's approximate Top and Bottom prices are displayed. around the green support line Rebound seems to be important. It has been substituted for Bitcoin. Bitcoin 4 hour chart Today's approximate Top and Bottom prices have been left. centered on the green support line, The direction seems to be determined. When the Nasdaq plummets, Bitcoin The bottom section of the red support line It's a major rebound. I made today's trading strategy. Bitcoin 30 minute chart. This is a one-way long position strategy. Depending on the Nasdaq's up/down movements, the divergence points. *Today, the green support line is sideways within the red resistance line. * When the blue wave is pushed from the support line to the bottom, This is a major rebound. The Nasdaq is moving sideways, so keep an eye on the movement. * When the red arrow moves Short -> Long -> Short Switching Strategy Starting with the first long, 1) $29492 short position switching / Stop loss when the purple resistance line is broken 2) $28901.5 long position switching section / Stop loss when deviating from the green support line 3) 30162.5 USD long position target and short position switching section / Stop loss when breaking through the sky blue resistance line Short if the top price is reached within a short period of time, after tomorrow in the case of upward trend Adjustments may be weak. I forgot and forgot the gap section at 6 o'clock, it would be better if you mark each one Touch up today and within the green support line It must be supported, and a strong rebound can be linked to altcoins, especially Ethereum. Today is a long position strategy, Following the Nasdaq move Check whether the red top / sky blue bottom I think you should focus on the long position. Don't forget to stop loss in principle until today. Fighting. Have a nice weekend thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
How long will the joke prolong? - Dogecoin's potentialDo you believe that we have a chance to go to the moon? Well, we might! It is all thanks to the proponents of Dogecoin or DOGE. It is a Cryptocurrency that began as a random joke but is one of the top coins today. We are going to the moon. And that sums up pretty much everything you need to know about Dogecoin. In a way, this statement can be correct. There is nothing much to think about Dogecoin. People who are fans of the coin just buy and hold it; basically, they do not sell it off until there is a considerable change. Until they become rich, that is. However, the question remains. Is it that simple? Read on to find out more. Dogecoin’s history You may never believe it, but it is the truth. This Cryptocurrency was started as a joke. However, Bitcoin, also known as the original Cryptocurrency, was a technical innovation and super-impressive. The whole concept of exchanging digital money at a small fee without the necessity of permission from anyone was mind-boggling on its own. It is essential to remember that Bitcoin was also open source. Hence, anyone to copy it and create the coins, and many did it too. You could see different clones like Litecoin and Peercoin popping up everywhere. And in the same trend, we have Dogecoin joining the honors. Billy Markus and Jackson Palmer, two software engineers, created Dogecoin in December 2013. It is similar to Bitcoin but mostly closer to Litecoin, which is just another copy of the former. The coin features the symbol of the Shiba Inu dog and acts as a synonym for dog and moon-related metaphors in every silly manner. Popularity Dogecoin enjoyed a punctual following right from day 1. It was usually the ones who loved to make fun of Bitcoins and liked the concept of crypto coins. Then you could see people who loved dogs showing interest in the same. Dogecoin attracted anyone who wanted to participate without the seriousness of the cryptocurrency. No analyst understands the pattern. The Co-founder Palmer also took his hands away in 2018. He concluded that the skyrocketing price of Dogecoin simply indicated that the market was overheated. Palmer said, "I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over two years has a $1B+ market cap," in January 2018. Technically, the market crashed just a few days after that. However, Dogecoin is still standing to this day. It is primarily because; the currency does not require any exceptional or active management. Additionally, Dogecoin is becoming more significant than it originally was due to the remarkable recovery of crypto space in 2020. Dogecoin’s technicality Do you think Dogecoin is technically sound? Not in the true sense. In a sense, it is alright because this coin is just a copy of Litecoin that is technically appropriate. Dogecoin is an online network safe and cryptographic that allows users to send a DOGE to another user in a permissionless manner. It works okay, but it is not as safe and decentralized as Bitcoin. Right from the start, Dogecoin was not a very clever move. Of course, there are many differences, and it enjoys a shorter block time compared to Litecoin. However, the supply is not limited like Bitcoin’s. We have close to 129 billion DOGE, and a lot more are minted. The most significant difference is that Bitcoin and Litecoin are managed better with regularly updating to handle bugs and limitations. Occasionally, Dogecoin gets updated, but there are times when it takes years for a new version. This coin is nothing but Bitcoin’s silly cousin who doesn’t take anything seriously. It doesn’t worry about the future at all. The coin just counts clouds when you are busy cleaning the house. Dogecoin doesn’t care nor worry. Elon Musk’s muse Elon Musk has a reputation for liking silly random stuff, and since Dogecoin is pretty silly. And hence, please do connect the dots. The Tesla and SpaceX CEO showcases his admiration for Dogecoin on various platforms, especially Twitter. His tweets pushed the Dogecoin’s value to greater heights, and on one particular occasion, the price raised more than 100 percent just after his post. Elon Musk explained why he likes this coin in a Clubhouse Interview. He said, “Arguably the most entertaining outcome, the most ironic outcome would be that Dogecoin becomes the currency of Earth of the future.” In actual business, Musk is a much greater fan of Bitcoin. Quite recently, Tesla even bought close to $1.5 billion worth of the currency. While Twitter and memes are on one side, reality and the balance sheet of Tesla are pretty something else, at least for now. It is essential to note that Elon Musk is not the only big-shot advertising Doge. We have other biggies like Rapper Snoop Dog, and Kiss singer Gene Simmons is also on board. So should you invest in Dogecoin? Dogecoin isn’t very available like Bitcoin on crypto markets and exchanges. Coinbase and Gemini do not even have an option for purchasing Doge. However, other major exchanges like Binance offer their support for Dogecoin purchases. It is similar to owning any other Cryptocurrency when you buy a DogeCoin on exchange. You can do two things: either you can keep the coins on the exchange or put them into your wallet software. Dogecoin.com is an official wallet from the project’s website. Do you think Dogecoin will hit $1? It can be very tempting to invest in the currency as the price is soaring. But it is wise to stop for a moment before taking the plunge. Although Dogecoin has a big fanbase and the support of the world’s wealthiest people, it is essential to remember that the project isn’t exciting technically. It does not come close to other top cryptocurrencies like Bitcoin and Ethereum. It is a company’s stock that produces almost nothing and holds some sofas in an empty office. However, it has a super cool logo with a dog face, and people are attracted to it for some reason. Therefore, the stock price can go up, yes, but it can also go very down, even to zero. At one point, the price of the DOGE is at $0.26, but around a year ago, it was just $0.002, with a 13,000 percentage of the price increase. Approximately 129 billion coins are circulating with a market value of close to 34.5 billion dollars. The influencers will say that the deal will go up to $1 at some point. And then, the market cap will increase to $126 billion. Anything is possible, but how far can the joke travel? Final thoughts It all simply comes down to this. In case you are a professional or a seasoned trader, then you know what you are doing. So it might be a good chance to trade with DOGE. However, if you are not, then it is a risk, and you are simply gambling. It is not advisable to gamble with any money that you cannot afford to lose.
by vajaravi