Tag: Altcoins

Those altcoins are in ‘buy zones’: analyst

Crypto analyst and YouTuber Vance says several altcoins are currently trading in prime “buy zones” and could see significant gains in the near future. In a CryptoBanter YouTube video published on Oct. 27th, Shon pointed out coins like Cardano (ADA), Gala (GALA), and SushiSwap (SUSHI) as being near key support levels and ready for a new uptrend. “Cardano is still one of my favorite ones for the the shorter time frames,” he said, referring to a chart showing Cardano at support around $0.35. “Gala popped — check that trend retest…

Expert Trader Identifies 6 High-Potential Altcoins To Watch

boss

In its latest update on October 18, renowned crypto analyst Rekt Capital has highlighted six altcoins that have caught his attention, showing potential for the remainder of 2023, Ocean Protocol (OCEAN), Dogecoin (DOGE), Woo Network (WOO), Verasity (VRA), Stellar (XLM), and Injective (INJ). Mixed Signals For Dogecoin Rekt Capital’s analysis suggests a crucial moment for the Ocean Protocol. Whether the current price deviation will result in a downside wick below the red channel placed at $0.2763 or if the price will close below it weekly.  While a downside wick followed…

Bitcoin goes up, altcoins go down: analyst explains

boss

The price of Bitcoin (BTC) has surged over the past day, increasing its price by nearly 10% to over $19,500. Meanwhile, most major altcoins like Ethereum (ETH) have continued their downward trajectory. According to crypto analyst Jason Pizzino, this divergence between Bitcoin and altcoins is expected in the current market cycle. In his latest YouTube video, Pizzino explains why Bitcoin’s price increase does not necessarily signal a broad recovery for the crypto market yet. The analyst notes that while Bitcoin successfully tested a key resistance level around $19,400, it needs…

Bitcoin Price Shoots to $28,000 amid High Whale Activity, Altcoins Join Party

The developments between US SEC and Grayscale over the past weekend led to whales accumulating Bitcoin in huge numbers. Over the last week, the world’s largest cryptocurrency Bitcoin (BTC) gave a strong breakout moving all the way to the $28,000 level. As of press time, the BTC price is up 3.8% trading at $27,904 with a market cap of $544 billion. The recent price rally comes as the US Securities and Exchange Commission (SEC) decided not to challenge the court ruling that allowed Grayscale to convert its GBTC to a…

3 Altcoins For October 2023 That Can Do This

boss

Bitcoin’s history is filled with stories of people who put small, disposable amounts of money into the crypto and ended up making a fortune. This has been no different from the case of one Norwegian man, whose throwaway $22 Bitcoin investment has turned into a life-changing sum. When Kristoffer Koch had originally invested in Bitcoin back in 2009, the cryptocurrency was only trading for a few cents. Koch, at the time, was intrigued which is why he said he made the purchase. He got 5,000 BTC for around $22 at…

Cardano, Solana, Under Heat, Data Points To Trouble For Altcoins

boss

Bulls pushed back and momentarily halted the increasing selling pressure impacting Cardano, Solana, and Ethereum. The altcoin market has been stabilizing over the last day, but fresh data points to potential issues in the short term. As of this writing, Cardano (ADA) trades at $0.23 with sideways movement in the past day. Solana and Ethereum recorded similar price action over this period, but these assets have been slowly bleeding into support on the weekly chart. ADA’s price trends to the downside on the daily chart. Source: ADAUSDT on Tradingview Cardano,…

Bitcoin Struggles to Maintain Support Level Above $27K amid Weakness in Altcoins and US Stock Market Rebound

Bitcoin dominance has regained 51 percent of the total crypto market valuation despite the recent struggle to rally beyond $28k amid short-term market uncertainty caused by puzzles of economic geopolitics. Amidst a global shift in economic outlook triggered by the BRICS alliance, Bitcoin (BTC) has been identified as a crucial instrument to hedge against high inflation. However, the Bitcoin price has struggled to rally beyond $28k in the past few days as the mother coin retested around $26.9k in the past 24 hours. According to the latest market data provided…