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Showing posts with the label bullish

Dogecoin flies bullish flag as DOGE Day draws near; Targets $0.4

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As the cryptocurrency market resumes its bullish run that has seen Bitcoin (BTC) climb back above the critical level at $70,000 and continue further up, Dogecoin (DOGE) is no exception, and its current chart patterns suggest even more impressive gains to follow for the doge meme coin. Specifically, Dogecoin is demonstrating a bull flag on its daily chart and if it manages to break out of it, its next target might be at a massive $0.4, according to the most recent observations shared by pseudonymous crypto trading expert Trader Tardigrade in an X post on April 11. Dogecoin price chart pattern analysis. Source: Trader Tardigrade Dogecoin price prediction At the same time, many are speculating on whether Dogecoin will enter a new parabolic run based on the optimistic sentiment surrounding the upcoming ‘Doge Day’ on April 20, during which its supporters will mark with various activities dedicated to its promotion and driving up its value. Picks for you CryptoUK welcomes ...

XRP attracts over $1 billion in bullish daily sprint

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Amid significant price advances by the majority of assets in the cryptocurrency industry, XRP has been no exception, making increases on its daily and weekly charts, crossing the $0.55 price threshold, and adding more than $1 billion to its market capitalization in a single day. Specifically, XRP’s market cap has raced from $28.66 billion to $29.66 billion in a matter of 24 hours, which means it has added $1.18 billion and grown by 4.12% during this time, according to recent data obtained by Finbold from crypto market analytics platform CoinMarketCap on February 15. XRP 24-hour market cap chart. Source: CoinMarketCap XRP price analysis In the meantime, the XRP token is currently changing hands at the price of $0.554, after first surpassing the $0.55 mark, recording an increase of 4.44% in the last 24 hours and of 7.25% across the previous seven days, as it moves to reverse the 3.58% loss accumulated over the past month. XRP 24-hour price chart. Source: Finbold As it happen...

Analyst backs Cardano amid ongoing bullish momentum for Bitcoin and Everlodge

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Ali Martinez expresses optimism about the future of Cardano (ADA), attributing its potential growth to increasing demand. Bitcoin (BTC) has stabilized around the $37,000 level, with analyst remaining bullish . Everlodge (ELDG) is also gaining attention for its potential to disrupt the real estate market. Summary Cardano might reach $0.4413 by year’s 2023 Bitcoin bulls target $42,000 Everlodge supporters expect more growth Cardano may rally above $0.4413 According to crypto analyst Ali Martinez, Cardano might rally in the near future based on positive network adoption signals and rising momentum . #Cardano sits at a key demand zone between $0.37 and $0.38. Here, 166,470 wallets acquired 4.88 billion $ADA. With minimal resistance ahead and solid support below, remaining above this zone could pave the way for $ADA to climb to new yearly highs. Still, watch out, as losing… pic.twitter.com/GDjhspFSVr — Ali (@ali_charts) November 27, 2023 Martinez highlighted data sho...

Bitcoin futures premium hits 18-month high — Time to flip bullish?

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The Bitcoin futures' premium surge is having traders ask whether this is excitement or a return to the average after a multi-month bear market. The Bitcoin (BTC)  futures ' premium has reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate "excessive excitement" or a "return to the mean" after a prolonged bear market. BTC price gains capped by regulators, macroeconomics Bitcoin's price has been trading in a narrow 4.4% range since June 22, oscillating between $29,900 and $31,160 as measured by its daily closing prices. The lack of a clear trend might be uncomfortable to some, but that is a reflection of the opposing drivers currently in play. For instance, investor sentiment was negatively affected by the historic reversion of the U.S. Treasury yield curve, which reached its highest level on record. U.S. 10-year / 2-year spread. Source: Real Investment Advice The closely monitored inve...

LTC, XMR, AAVE, and MKR turn bullish as Bitcoin stalls under $31K

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Bitcoin’s narrow range trading may end soon and if an upside breakout happens. Meanwhile, LTC, XMR, AAVE and MKR are showing strength. Bitcoin (BTC) has been trading in a narrow range for the past few days but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows. As the second half of the year begins, the major question on every investor’s mind is, will the rally continue? CoinGlass data shows that July has seen only three negative monthly closes since 2013 and the biggest decline was 9.69% in 2014. This suggests that bulls have a slight edge. Crypto market data daily view. Source: Coin360 A large part of the latest leg of the rally in Bitcoin and altcoins was fuelled by hopes that the United States Securities and Exchange Commission will approve one or more applications for a spot Bitcoin exchange-traded fund. Any adverse news on this front ...

Bitcoin’s bullish price action continues to bolster rallies in FIL, OKB, VET and RPL

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BTC’s shallow correction near the $25,000 level could lead to dip buying in FIL, OKB, VET and RPL. The Dow Jones Industrial Average fell for the third consecutive week but Bitcoin (BTC) price decoupled and is on track to close the week near the strong overhead resistance at $25,211. This suggests that the wider crypto market recovery is on a strong footing. After Bitcoin’s sharp rally from the lows, analysts remain divided in their opinion about its next move. Some traders believe that the current Bitcoin rally will turn down once again, while others expect the momentum to continue, starting a new bull phase. Crypto market data daily view. Source: Coin360 Chances are that Bitcoin and several other cryptocurrencies will continue to rally until a vast majority of the bears turn bullish. After that happens, a sizable dip is likely. That could shake out several weak hands and give an opportunity to the stronger hands to add to their positions. A higher low followed by a higher high may c...