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AAVE Price Prediction: Recent Fall Appears Temporary In the first quarter of 2024, AAVE's price peaked at $153 but then succumbed to bearish pressure in the second quarter, dropping to the $80 demand area. However, the crypto showed a strong recovery in the third quarter, bouncing back from this critical demand zone. During this period, AAVE's price surged past its yearly highs, reaching $158.43. Despite encountering resistance at this level, it managed to stay above the 20-day EMA, indicating weak selling pressure and strong long-term bullish momentum. Currently trading at $140.11, AAVE is anticipated to experience another pullback. This might potentially push its price beyond $158 and aim for a 45% gain, which would bring it close to the $200 mark. According to AAVE price predictions, it is set for a significant rally that could break through resistance levels and reach new heights. However, if bearish sentiment intensifies, the support levels to watch are $125 and $115.
COINBASE:AAVEUSDLong
by Sam_TCR
RON's price has seen a 12.65% decline. Despite this, buyers upOver the past two weeks, TRON's price has seen a 12.65% decline. Despite this, buyers still maintain an advantage as the price remains above the 50-day EMA and the crucial support level of $0.1438. This current pullback might be a cooling-off period for TRX following a significant rally in August, driven by the launch of the Sunpump memecoin generator. Such retracement levels are often viewed as healthy during established uptrends, allowing buyers to regain bullish momentum. If the support at $0.1438 holds, TRON's price could rebound and challenge the $0.155 resistance, potentially rallying to $0.17 and beyond. On the downside, if sellers manage to breach the 50-day EMA, they might target breaking the critical support at $0.1438. Should this support level fail, the price could drop further to around $0.126.
BITFINEX:TRXUSDLong
by Sam_TCR
Bitcoin: BTCUSD bulls take a breather as FOMC week beginsBitcoin (BTCUSD) has been under pressure for the third consecutive day as traders cautiously approach a crucial week. After briefly halting a two-week losing streak, Bitcoin is struggling once more as everyone eyes the Federal Open Market Committee’s (FOMC) September policy announcement set for Wednesday. Bitcoin buyers lack conviction Be it the repeated reversal from a seven-week-old descending resistance line or bearish MACD signals, Bitcoin (BTCUSD) sellers appear flexing muscles ahead of this week’s key US Federal Reserve (Fed) Interest Rate Decision. It’s worth noting, however, that a weeklong bullish trend channel joins a convergence of 50 and 100 Exponential Moving Average (EMA) to restrict the short-term downtrend of the top-tier cryptocurrency pair. Key technical levels to watch Firstly, a convergence of the key EMAs and the aforementioned bullish channel’s bottom line offers an important challenge to the BTCUSD sellers around the $58,350-200 zone. Following that, Bitcoin sellers can aim for an eight-day-old horizontal support surrounding $55,600. If the bears keep the reins past $55,600, the monthly of nearly $52,550 and the $50,000 threshold will be in the spotlight. On the upside, Bitcoin will first encounter resistance around $60,000 and a downward trend line near $60,300. A successful break above this could lead to testing the bullish channel's top line around $61,900 and the $62,000 mark. BTCUSD sellers to keep the reins Bitcoin sellers remain in control, with the cryptocurrency facing significant resistance and a long, uncertain path ahead.
BITSTAMP:BTCUSD
by MTradingGlobal
Kaspa Price Could Skyrocket To $0.20 Following Bullish WavesKaspa Price Could Skyrocket To $0.20 Following Bullish Waves The social metrics have recorded growth indicating the rising popularity of Kaspa. The bulls are on the leading side, potentially pushing the price near a record high of $0.20. Over the past week, Kaspa's price has been headed toward the north making bullish waves. The price has been trading higher for nine consecutive sessions indicating a strong buyer's influence. The weekly price performance highlights a recovery of 21% and is now left with only 13% from the record high. At the time of writing, Kaspa was exchanging hands close to $0.179 recording a mild 1.15% gain in intraday. Along with the recent surge, Kaspa has left behind the dynamic resistance of 20 and 50 days flipping them into a support one. In tandem with the price rise, few on-chain metrics have noted significant growth indicating more momentum pending in the crypto. Let's try to analyze and find whether it's too late or the right time to invest in Kaspa. Weighted Sentiment Curve Validates Bullish Waves In tandem with a price development of 21% in Kaspa, the positive sentiments have noted a growth beating the bearish ones. As a result, the weighted sentient curve has shifted to a bullish territory. The resurgence of weighted sentiment in a bullish territory indicates the renewed confidence of the investors which may keep thrusting KAS price towards the record highs. The weighted sentiment curve is an on-chain metric that reveals the current biasness of the investors whether it is on the bullish or bearish side. As per Santiment, an on-chain analytics provider, the social metrics curve was headed upwards reaching a three-month high. The social metrics include recent news, updates, and events as well as the activity of the users over various social media platforms like Twitter, Telegram, etc. As per the observation, the social metrics curve was headed higher indicating the increasing engagement of the users over social media platforms which is essential for the growth of assets. Can Kaspa Reclaim All-Time High In September? Over the daily chart, Kaspa took a rebound from the demand zone and is continuously edging higher neglecting any resistance on its way. Since the past week, the crypto has surged higher surpassing the 20 and 50-day EMAs and recent supply of $0.17. The strong comeback by the Bulls has flipped $0.17 resistance into support. The KAS price is now left with only one hurdle of an all-time high on the higher side which is 13% away from the CMP. Also, the price has gained a straight 21% without noticing any pullback which means a consolidation or correction is pending in the crypto. However, the bulls are strong at the moment and might keep fueling the KAS price toward record highs. A short pullback till the recent support of $0.171 could invite more investors to ride the trend who have missed the previous bull run. The transaction volume showcases a daily growth of 21.06% to $53.98 Million indicating a heightened demand in the crypto. At the time of writing, Both the RSI and 14-day SMA line were placed in the bullish territory and were headed higher indicating a trend continuation at the moment.
CRYPTO:KASUSDLong
by Ritika_TCR
3
Helium Price Prediction: Can HNT Resume Its Bullish Journey?Helium Price Prediction: Can HNT Resume Its Bullish Journey? Helium emerged as the fastest-growing DePIN project with massive development on the horizon. Despite the broader market weakness, Helium reported an impressive 110% growth in the last three months. While the broader crypto market has been facing challenges and looking for a firm footing. On the other side, Helium price witnessed a notable 110% growth in the last three months. HNT price reversed its course in mid-July and surged higher recovering the earlier losses and further capitalizing the gains. The recent sessions saw a downturn in the HNT price which has dragged the price below the key 20-day Exponential moving average raising concerns among the investors. HNT price dumped 10.6% a week and was currently stabilizing near the 50-day EMA over the daily chart. However, a bounce back is likely as Helium has emerged as the fastest-growing DePIN project as per an analysis by a Twitter user MilkRoadDaily. It has a market capitalization of $1.15 Billion and ranks 59th in the crypto space. MilkRoadDaily Identifies Helium As Fastest Growing DePIN Project The crypto market is known for huge volatility causing major ups and downs in the token's price. The last couple of months were very challenging for different sectors in the crypto space. However, DepIN sectors outperformed others defying the market challenges. x.com Over the last 30 sessions, the DePIN market cap grew by 22.7% while nearly every other sector faced declines. As per a Twitter user MilkRoadDaily, the DePIN ecosystem is expanding rapidly with more projects jumping in it indicating potential in it. Moreover, Helium which is the dePIN project saw an influx of 756,000 users making it the fastest-growing DePIN project. As of now, the users have transferred over 19.1TB of data using their network. Helium vs Bitcoin vs Ethereum The Helium community has built the world's largest decentralized network- spanning IOT, MOBILE, and ENERGY. As a result, the HNT price has significantly outperformed the market leaders Bitcoin and Ethereum. Source: TradingView Bitcoin sits at a negative growth of nearly 9.79% over the last three months. While Ethereum's price performance was also in negative growth of 33% over the same period. However, Helium has attained an immense growth of 110% in the last three months outperforming both BTC and ETH. Can Helium Keep Up Bullish Pace? The daily chart highlights the formation of a rising parallel channel pattern with HNT prices fluctuating between the upper and lower boundaries of the channel. Currently, residing close to the lower boundary, Helium was trading at 7.19 with a mild intraday loss of 0.99%. Looking at the HNT price, some rejections were observed near the lower boundary indicating a rebound is likely from the lower levels. The key 50-day EMA may act as a dynamic support and the price may take a rebound. Alos, a breakdown below the lower boundary of the channel may invalidate any bullish scenario in the short term and the price may head back to test 200 day EMA. On the higher side, the price has a potential of nearly 20% till the higher boundary of the channel if the price bounces back from lower levels. The technical indicators' Moving average convergence divergence (MACD) suggests a bullish outlook with a trend continuation in the short term.
CRYPTO:HNTUSDLong
by Ritika_TCR
Ethereum (ETH) Macro OverviewToday, I would like to share my analysis of Ethereum (ETH) on a macro time frame. Based on the current price action, I foresee a potential rally toward the $2,800–$2,900 zone, which could align with a possible market reaction during the FOMC meeting regarding rate cuts scheduled for September 17-18. Should ETH break the upper demand zone, further upward movement may be possible, though I am personally anticipating a larger market correction post this rally. A downturn towards the $2,200 range appears likely, with the potential for ETH to reach as low as $1,500 by year-end. One of the key indicators supporting this outlook is the Money Flow Index (MFI) on both the daily and weekly time frames, which has been trending downward since May. This suggests that capital has been gradually exiting ETH, which could lead to increased selling pressure. Another factor to consider is Bitcoin (BTC), which could see a significant correction from the $65,000 level. This could trigger a cascading effect, further driving down ETH prices. Given this macro setup, I plan to initiate a swing short position in ETH/USDT around the $2,800 range. In the near term, ETH could hit the $2,621 pivot level before any further developments. Disclaimer: This is not financial advice. Please conduct your own research and trade responsibly.
by utkarshx27
marking EG zonesI have just published an indicator for marking trend and inside candle. this chart will help in understanding marking EG zones. - EG system - Follow any 3 TF set (High (Direction), Middle (Confirm Direction), Low (Entry)) Forex MN1/W1/D1 W1/D1/H4 D1/H4/H1 H4/H1/M15 H1/M15/M5 M15/M5/M5 Stock MN1/W1/D1 W1/D1/H2 D1/H2/M30 M30/M5/M1 - Need to see same type EG in all Time Frame to place a trade. (EG BUY,EG BUY,EG BUY) For buy entry same is for sell Entry - Follow only new EG, created recently, CMP (current market price) -Price moves from EG to EG, zone to zone.
Education
by gameguru840
5
Can a $25 Million Investment Spark a Bullish Trend for DOGS?Can a $25 Million Investment Spark a Bullish Trend for DOGS? The open interest has surged by 25% in the last couple of sessions indicating a strong comeback by the bulls. The daily chart highlights the formation of an interesting rounding bottom pattern. Bitcoin approached the psychological $60K mark sparking an optimism in the broader crypto market again. With the renewed confidence, the investors are now looking for assets that may show significant gains in the short term. With the recovering market sentiments, DOGS price was observed to be forming an interesting pattern over the daily chart, the breakout of which could trigger a straight 25 to 30% rally in the short term. Despite the asset being in the correction phase, a significant rise in the open interest of DOGS could signal a pivotal market shift with bulls leading the charge. However, it requires the crypto to conquer the short-term hurdles. Here's what could be next for DOGS price. Derivatives Traders Lead The Charge DOGS price has been on a steady fall since its inception at a price close to $0.0016 in August. The price has dropped over 33.7% from its record high. At the time of writing, DOGS was exchanging hands close to $0.0019 recording a mild intraday loss of 0.28%. However, the last couple of sessions saw a turnaround in the price as the bulls seemed to be accumulating to defend the lows. This rebound in the price comes from the derivatives traders who accumulated nearly 25% of the open interest contracts in the last couple of sessions. As per Santiment, the Open interest contracts have surged from $97 Million to $123 Million indicating an inflow of nearly $25 Million by the derivatives traders. The derivatives traders are aggressively betting on the long side with anticipation of a short-term rise in the DOGS price. Moreover, the daily transaction volume has surged by 89.6% suggesting a heightened demand. with a live market capitalization of $569.3 Million, It ranks 102nd in the cryptoverse. The volume-to-market cap ratio of 78.28% suggests very high volatility in the asset's price. Is DOGS Price Preparing For A Strong Rally? The recent sessions saw a shift in market sentiments and inflow in the derivatives segment of DOGS crypto. The bulls which were lagging till now may try to dominate and lead the trend. However, it requires flipping the recent hurdles into the supports. The daily chart showcases the formation of a rounding bottom pattern indicating a breakout validation above the neckline at $0.00113. A sustained move above this level could help the DOGS investors gain a straight 25 to 30% return on investment. On the contrary, if DOGS crypto suffers rejection near the neckline, it may indicate a bearish trend continuation and the price may slump towards record lows. A breakout above the neckline is a must for a trend reversal on the positive side. On a 4-hour chart, The RSI and 14-day SMA line presents a bullish crossover suggesting a potential continued recovery in the short term. The increased transaction volume and Open interest data also support the breakout scenario. However, the short-term trader and investors need to keep a closer look at the price reaction at the neckline.
CRYPTOCOM:DOGSUSDLong
by Ritika_TCR
Bitcoin Looks Promising on Bullish SideBitcoin has made double bottom base at around 53000 price range. Also in weekly time frame, coin is in consolidation to negative pattern which shows a FLAG AND POLE pattern possibility. Other support is near to 40000 to 40600 price range. In Monthly Time Frame it is just showing profit booking. If price breaks above 64000 in weekly candle or sustains above 70000 (Safe Side+ breakout of flag and pole pattern) the price can reach to the levels given in chart. Follow for more such content. Disclaimer: Above is just my own opinion about the coin and is for educational purpose only.
by YogeshVerma1
1
Whales Back In Action: Is Turbo Price Set for a Major Surge?Whales Back In Action: Is Turbo Price Set for a Major Surge? Whales have added nearly 524.4 Million TURBO tokens worth $2.17 Million since the past week. The ratio of daily on-chain transaction volume in profit to loss has improved indicating investors turning in profits. Turbo (TURBO) investors have returned strong indicating after a long period of uncertainty. It indicates a renewed confidence and potential shift in the market sentiment. At the time of writing, Turbo price was trading close to $0.00417 recording an impressive 7.25% gain in intraday. Adding intraday gains to the weekly price performance, Turbo stands at a significant 19% gain a week indicating a strong recovery. Although the altcoin has revealed signs of a recovery from the lows, the broader market remains cautious. While recent activity by the top addresses also known as whales has sparked optimism still Turbo maintains a long-term bearish trend creating challenges for the asset's price. Turbo Whales Back In Action The top addresses also known as whales have played a significant role in Turbo crypto price movements. Over the past week, the whales have accumulated nearly 524.4 Million TURBO tokens, worth over $2.17 Million. This significant accumulation of 0.76% suggests that the crypto whales anticipate a price surge in the short term. The top addresses or whales are the entities with large amounts of investment and more resources. Hence, the accumulation by the whales can't be ignored. Thus Turbo price could experience renewed momentum and surge higher potentially breaking through the higher supply levels and entering a bullish territory. On the other front, the average 30-day on-chain transaction volume in the loss curve has dropped from $325 Million to $278 Million indicating the investors turned profitable in the last week. As of now, the ratio of on-chain transaction volume in profit to loss accessed using 30-day MA has improved from 0.84 to 0.993 in a week. It suggests that for every transaction that ends in a loss 0.93 transactions results in profit. As Turbo price would shift higher, this ratio would cross 1 indicating more investors in profit than that in loss. Turbo Price Prediction: Challenge Or Opportunity For Investors. Turbo price noted a significant 19% rise in a week, indicating a strong recovery from the lows. The price has surpassed the dynamic resistance of 50 day EMA indicating a short term rally in the crypto. While applying Fibonacci retracement tool from recent swing high to low, it was observed that Turbo price was hovering in the golden zone of Fibonacci. This zone may act as a potential resistance and restrict upward movement. However, the recent price surge in tandem with large wallets accumulation signal a potential breach of the golden zone. If TURBO bulls are able to flip this barrier into support, it could help the asset price recover its previous losses and break out of a correction phase. On the contrary, if the bulls fail to surpass the golden zone would again push Turbo in a consolidation zone and the struggle between the bulls and bears may go on. The key EMAs may act as a dynamic support if the price suffers selling pressure.
CRYPTO:TURBOUSDLong
by Ritika_TCR
ROSE is poised to rise towards the upper border of the wedgeROSE crypto showed a strong recovery from the last quarter of 2023 to the first quarter of 2024 but entered a wedge pattern in the second quarter, which continued into the third quarter. However, ROSE entered the final month of the third quarter, ROSE has shown signs of revival, bouncing back from a critical level around $0.04900 on the daily chart. The asset is displaying bullish potential, staying above the 20-day EMA. With increased bullish interest, ROSE could break through the 50-day and 200-day EMA bands as it moves upward. In the short term, ROSE is poised to rise towards the upper border of the wedge. Bulls are working hard to overcome resistance levels and push the price to new heights from the current support zone. The asset is showing bullish strength, with the RSI above 50 at 58.74, indicating it is still in positive territory and could move higher. If the price crosses the 50-day EMA, the short-term target could be near the upper border at $0.08500. In the long term, breaking past the 200-day EMA and upper border could set targets at $0.1050 and $0.1400, respectively. However, if the price fails to break these levels, it may continue to consolidate.
COINBASE:ROSEUSDLong
by Sam_TCR
GRT Crypto Delighht Investors Wallet With 3x returns By 2024-endCan GRT Crypto Delighht Investors Wallet With 3x returns By 2024-end? Currently, optimism around GRT's price is high, supported by strong fundamentals, on-chain metrics, and derivatives data. This data suggests the beginning of a sustained upward trend, leading to a potential price increase. Recently, GRT's price has surged from the $0.1300 demand zone, which has historically yielded significant returns. From the last quarter of 2023 to the end of the first quarter of 2024, the price saw a remarkable 330% increase. However, in the second quarter, the bullish momentum waned, leading to a decline. This decline formed a tight, narrow wedge, and this week's momentum has increased the chances of a breakout by surpassing the upper boundary and the 20-day EMA on an intraday basis. Given the historical surge from this level, the current momentum could push the price past the 50-day and 200-day EMA bands. Sustaining above the 200-day EMA and the $0.2300 level would signify a change in market sentiment, boosting confidence. Key resistance levels are at $0.2300 and $0.3500, while support levels are at $0.1130 and $0.0750.
COINBASE:GRTUSDLong
by Sam_TCR
long-term bullish patterns have been identified on the daily Is TAO Aiming for the Moon? Bittensor (TAO) has seen a significant inflow in spot volume, reaching $86.01 million, a 38% increase. Its market cap has also risen by 12% to $2.313 billion, making it the 36th largest cryptocurrency globally. TAO has delivered exceptional returns to investors, soaring over 1600% and peaking at $755.02 between the last quarter of 2023 and the first quarter of 2024. However, beyond this peak, it entered a supply zone, leading to a retracement of over 70% by the second quarter of 2024. This resulted in a significant profit-taking phase, with the price returning to its initial demand level by July 5th. In the third quarter, TAO's price saw several brief increases but faced resistance at $358.58, causing another decline. The price mostly ranged between $200 and $358 during this period. On August 5th, a liquidity-driven spike led to a breakout from the upper boundary of a falling wedge, but the $358.58 level deflected the price again by August 27th. The demand area on September 6th pushed TAO's price once more to retest the $358 level. If it clears and sustains above this level, a clear Change of Character could be observed, indicating long-term bullish confidence. Two long-term bullish patterns have been identified on the daily chart: a falling wedge and an inverted head and shoulders pattern. However, $358.58 remains a critical resistance level for confirming these bullish patterns. Many analysts and enthusiasts are optimistic about TAO's future. One analyst, @CaptainFaibik, has set a target of $1000 by the end of 2024. Potential resistance levels to watch are around $460 and $560. However, if the $358.58 level deflects the price downward, these bullish patterns could be invalidated.
Long
by Sam_TCR