Tag: Analyst

Solana Mirroring 2021 Bullish Pattern, Crypto Analyst Reveals

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An analyst has explained how Solana (SOL) is currently mirroring the same pattern that led to a bullish breakout for its price back in 2021. Solana Appears To Be Showing Similar Trend To 2021 Right Now In a new post on X, analyst Ali Martinez has discussed about how the pattern recently forming in SOL has been reminiscent of what the cryptocurrency showed back in the July of three years ago. Related Reading Below is the chart shared by the analyst, that highlights the similarity between the two periods: Looks…

Jasmy price bull run is not over yet, crypto analyst says

JasmyCoin price has recently lost its momentum and moved into a deep bear market as it dropped by almost 50% from its highest point in June.  JASMY was trading at $0.0230 on Tuesday, a 20% increase from its lowest point on Friday when most cryptocurrencies dropped. The token has declined due to ongoing headwinds in the crypto industry as the German government continued moving Bitcoins to exchanges. Concerns about Bitcoin liquidations by Mt.Gox also contributed to a negative sentiment that is felt across the entire industry. These events have led…

Analyst Predicts XRP Crash To $0.07 Amid Triangle Breakdown

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Crypto analyst @Ripple_Effect11 predicts an imminent XRP price crash in a new technical analysis shared via X. His prediction is underpinned by a bearish breakout from a major triangle pattern that has been forming since the $3.84 all-time high on January 4, 2018. The analysis paints a dark picture for XRP in the coming months, with a potential drop to as low as $0.07, contingent on certain technical events. Why The XRP Price Could Crash To $0.07 Elliott Wave Theory, which forms the basis of @Ripple_Effect11’s analysis, is a form…

Crypto Analyst Identifies ‘Point Of Control’ That Could See A Repeat Of 2017

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Crypto analyst Dark Defender has highlighted an important indicator that could cause the XRP price to repeat its legendary price move from 2017. The analyst joins several other analysts who have suggested that XRP could replicate its price gains from that bull run.  How XRP Price Could Replicate 2017 Price Gains Dark Defender claimed in an X (formerly Twitter) post that XRP’s current pattern is identical to the 2014-2017 pattern and will remain so unless the $0.3917 “Point of Control” is not protected. The analyst explained that this Point of…

Analyst Predicts ChainLink (LINK) Rally To $13 Could Result In 45% Price Correction, Here’s Why

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The decentralized oracle network ChainLink and its native token, LINK, have staged a price recovery amid the broader cryptocurrency market’s bounce from a recent significant correction.  Despite experiencing a 16% price retracement over the past month, LINK has regained its stronghold, rising 5% to $13 in the past 24 hours after hitting a six-month low of $11 on Friday. Still, cautionary signals have emerged that caught the attention of crypto expert Ali Martinez.  Bearish Signals For ChainLink  In a recent social media post, Martinez raised concerns about a pattern visible…

Bitcoin Analyst Thinks Prices Must First Breach $50,000 Before Rallying

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Bitcoin flash crashed on July 4 and 5, extending losses from all-time highs to about 30%. Though there was a relief bounce over the weekend, forcing the world’s most valuable coin up by nearly 11%, BTC remains within a bearish formation. Bitcoin Correction Not Over: Will Bears Break $50,000? One analyst who took to X confirmed this assessment, adding that the optimism over the last 48 hours could be quashed in the coming sessions. With BTC not out of the woods, at least from technical formation, the analyst predicted not…

Mt. Gox is a ‘thorn in Bitcoin’s side,’ analyst says

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Bitcoin struggled amid recent Mt. Gox repayments and market trends, but the bearish behavior shouldn’t be interpreted as unfavorable.  Last week, Bitcoin (BTC) concluded the week at approximately $55,850, marking an 11% drop from the prior week’s closing price of $62,775. The week saw signficant selling pressure, with BTC dipping to as low as $53,500 on Thursday before rebounding to $58,250 and finally settling at $55,850. BTC Spot ETFs recorded $238 million in net inflows during the downturn. Cumulative trading volume since inception stands at around $315 billion, showcasing a…

Analyst Hints Bitcoin Price Recovery Might Be Underway — Here’s Why

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Bitcoin Woes Not Over? Analyst Predicts Further Crash To $47,000

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Although Bitcoin has reclaimed the $56,000 price level in the past few hours, its sudden drop below $54,000 on July 5 has reminded investors of the intense volatility associated with the market. In the larger timeframe, Bitcoin has been down by 7% and 20.25% in the past seven and thirty days, respectively.  While many crypto traders and analysts are still in the spirit of a bullish cycle in the long term, the sudden price drop wasn’t surprising to some. Notably, crypto trader @TheFlowHorse revealed that the drop to $53,000 resonated…

Analyst Forecasts $44,000 Plunge On 200 Daily EMA Breakdown

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The cryptocurrency market witnessed a significant setback as the Bitcoin price plummeted below the $58,000 level. This downward move has raised concerns among bullish investors, suggesting a potential continuation of the downtrend toward the $44,000 support level.  Bitcoin’s failure to consolidate above and retest its all-time high (ATH) of $73,700, reached in March, has resulted in a retracement of over 20% on the monthly time frame. Bitcoin Price At Risk Crypto analyst “Blockchaineddbb” has provided a noteworthy assessment of the situation. According to the analysis, a daily close below the…