Category: Analysis

BNB Resilience: Holding Firm At $560 – What’s Next?

The price of BNB hasn’t fallen below its previous low, and it’s showing some strong signs of heading up. After a spell of moving downward, the Binance Smart Chain’s native token is aiming for an upward bounce back towards its earlier high. Technical Indicators Point Toward Sustained Uptrend For BNB To figure out where the BNB price might be headed next, several indicators can be used to examine the chart: 4-Hour MACD: A technical look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the…

Uniswap Resurgence Incoming? Analyst Predicts 30% Surge For UNI Price

Uniswap’s native token, UNI, has been struggling in terms of its price action over the past few weeks. Although the general state of the crypto market may be blamed for this gloomy price performance, other factors, such as the Wells Notice from the US Securities and Exchange Commission (SEC) to the Uniswap protocol, have also played a role. However, the UNI price appears to be recovering well, as the token has jumped by more than 2% in the past day. A popular crypto pundit on X has predicted that a…

Bitcoin just completed its fourth-ever ‘halving,’ here’s what investors need to watch now

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The Bitcoin network on Friday night slashed the incentives rewarded to miners in half for the fourth time in its history. The celebrated event, which takes place about once every four years as mandated in the Bitcoin code, is designed to slow the issuance of bitcoins, thereby creating a scarcity effect and allowing the cryptocurrency to maintain its digital gold-like quality. There may be some speculative trading on the event itself. JPMorgan said it expects to see some downside in bitcoin post-halving and Deutsche Bank said it “does not expect…

Ethereum Price Faces Crucial Test: Will $2,850 Withstand the Pressure?

Ethereum price is still consolidating near the $3,000 zone. ETH could start a steady increase if the bulls push the price above the $3,100 resistance. Ethereum is still struggling to recover above the $3,100 resistance zone. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close below the $2,850 support zone. Ethereum Price Consolidates Ethereum price…

Analyst Foresees Explosive Surge With ‘God Candle’ On The Horizon

XRP investors are eyeing a potential price surge, and one analyst forecasts an optimistic outlook for the cryptocurrency. Dark Defender, a prominent figure in the XRP community, has drawn parallels between the current market movement and the 2017 historic rally. According to Dark Defender, this resemblance suggests a significant upward trajectory for XRP, potentially culminating in what he refers to as a “God Candle.” Market Analysis And Forecast: A Closer Look At XRP’s Future Dark Defender’s analysis centers around the observation that the current market dynamics echo the 2017 cryptocurrency…

JPMorgan likes these mining stocks to play the upcoming Bitcoin halving

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While most of the public cryptocurrency miners are positioned to survive the supply shock of the Bitcoin halving, JPMorgan has named its top picks. “With the bitcoin halving on the horizon, we expect heightened volatility and trading volume in both bitcoin and mining stocks,” Reginald Smith, an analyst at JPMorgan, said in a note this week. “That said, we think recent weakness offers an attractive entry point, and are especially bullish on RIOT and IREN, which we think offer attractive relative valuations.” The Bitcoin halving is estimated to take place…

LINK Price Eyes Recovery If It’s Able to Hold One Crucial Level

Chainlink’s LINK price retested the $12.00 support zone. The price is now eyeing a recovery wave above the $13.50 and $15.00 resistance levels. Chainlink price is showing bearish signs below the $15.00 resistance against the US dollar. The price is trading below the $14.20 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could start a decent increase if it clears the $15.00 resistance…

Ethereum Price Holds Strong At $3K But Can Bulls Clear This Hurdle?

Ethereum price is consolidating near the $3,000 zone. ETH could start a decent recovery wave if it clears the $3,100 and $3,200 resistance levels. Ethereum is struggling to recover above the $3,100 resistance zone. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,035 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,100 resistance zone. Ethereum Price Holds Ground Ethereum price slowly moved…

XRP Whales Are On The Move Again, But Are They Bullish Or Bearish?

XRP could continue a price correction in the short term as recent price action has put it rebounding against a resistance level of $0.5. On-chain data has also revealed a row of transactions from whales of the cryptocurrency in the past 24 hours, but are they bullish or bearish on XRP? These large transactions have been a mix of both, although the trading volume of each transaction could point to them being bearish rather than bullish.  XRP Whales On The Move Large XRP transactions, often indicators of whale activity, have…

Bitcoin miners’ revenue is about to be slashed — what investors need to know

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The bitcoin halving is set to take place in the next few days, which will cut miners’ main stream of revenue in half. Scary as that sounds, the bigger, publicly-traded miners are well prepared to survive the halving and thrive, according to analysts — and given the recent weakness in mining stocks, investors may be staring at a big opportunity. “We believe a bitcoin price above $60,000-$65,000 means the halving is de-risked for nearly all public miners,” Needham analyst John Todaro wrote in a note to clients on Tuesday. It…