Day: January 10, 2024

Solana Hourly Chart Reveals Bull Flag Formation, SOL Targets $163

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Solana (SOL), the fifth largest cryptocurrency by market capitalization, has experienced a significant surge after undergoing a correction from its 20-month high of $125, reached on December 25. Following a dip to the $85 level on Monday, January 8, SOL reclaimed the $100 level again, demonstrating a 6.4% surge in the past 24 hours.  Moreover, technical analysis indicates a potential bullish continuation pattern known as a bull flag in Solana’s 1-hour chart, which suggests the possibility of further price gains beyond the previous high.  Solana Optimism For Price Breakout Technical…

Ethereum Eyes Breakthrough As Analyst Signals Upward Trend

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Ethereum (ETH) is currently at a crossroads that could define its trajectory in the coming weeks. Renowned crypto analyst Michaël van de Poppe has shared a notably bullish perspective, highlighting Ethereum’s approach to its 2022 low as a potential springboard for a breakout. In his analysis, Van de Poppe underscores the importance of Ethereum’s current positioning, suggesting that its proximity to last year’s low could be a catalyst for absorbing liquidity and igniting a bullish trend. Analyst’ Ethereum Bullish Projection Amid Market Movements Van de Poppe’s forecast hinges on the…

XAI a top crypto topic on eve of Binance listing

XAI is today’s second most popular cryptocurrency in crypto discourse, following its listing on the world’s top crypto exchange, Binance. XAI — a blockchain gaming token — is second only to Bitcoin (BTC) regarding popularity in social media mentions. As of press time, Santiment data shows that of all those mentions, 53% show a positive sentiment, 31% a negative sentiment, and the remaining are neutral. The attention towards XAI is likely caused by today’s Binance announcement that the token would be listed on the platform. Still, the positive sentiment surrounding…

Bitcoin Blasts Off As Institutionals Continue Buying On Coinbase

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Bitcoin has observed a sharp rally beyond the $47,000 level as data shows buying pressure on Coinbase has displayed no signs of letting off. Bitcoin Has Surged More Than 4% In Last 24 Hours As ETF Deadline Nears After the asset’s indecisiveness over the last few days, the cryptocurrency has appeared to have picked its direction in the last 24 hours, as its price has increased sharply. At the peak of this surge, the coin had crossed beyond the $47,300 mark, but since then, the coin has registered some pullback…