Tag: Analyst

XRP Gets Rejected Down: Analyst Predicts Bottom Target

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An analyst has revealed the level of XRP might observe a pullback following the latest rejection in the cryptocurrency’s price. XRP Has Seen Rejection At Mid-line Of An Ascending Parallel Channel As explained by analyst Ali in a new post on X, XRP has appeared to have been moving inside an Ascending Parallel Channel recently. An “Ascending Parallel Channel” refers to a pattern in technical analysis that’s used for identifying uptrends and potential reversal points for any asset’s price. As the name already suggests, the pattern involves two parallel lines…

Spot Bitcoin ETF will be ‘bloodbath’ for crypto exchanges, analyst says

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While the crypto community eagerly awaits the possible approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, some analysts are warning this could potentially trigger unwanted consequences for cryptocurrency exchanges. Several industry observers have predicted that a spot BTC ETF could start trading in early 2024, in an event that, when paired with Bitcoin’s upcoming block reward halving expected in April, Blockstream CEO Adam Back believes could propel BTC to $100,000. Bitcoin proponents such as Jan3 CEO Samson Mow have said that approval of a spot Bitcoin…

Bitcoin must stay above $43k for stronger rally: analyst

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After an impressive eight-week rally, propelling Bitcoin (BTC) from $27,200 to over $44,000, the cryptocurrency is now facing a possible massive correction. That’s according to analyst Justin Bennett. The “Daily Price Action” host expressed concern about Bitcoin’s current state, emphasizing the significance of staying above $43,300. Meanwhile, rising network fees and debates over Bitcoin Ordinals and BRC-20 tokens add complexity to the crypto landscape. Bitcoin is on the verge of correction   In a recent post on X, Bennett points out a less optimistic outlook for Bitcoin, stating that the BTC price…

Cardano TVL spikes 180%, analyst makes a bullish forecast

Cardano (ADA) has seen an over 180% increase in its total value locked (TVL) in its decentralized finance (DeFi) space, rising from $188.65 million on Oct. 17 to $431.44 million on Dec. 15, 2023.  Cardano’s TVL growth  According to DeFiLlama’s data, Cardano’s TVL surged remarkably, moving from $188.65 million on Oct. 17 to the current $431.44 million. This increase reflects a substantial growth rate of 180.636% during this period. Given the challenges of attracting liquidity to the Cardano network in the presence of defi giants like Ethereum (ETH) and Solana…

Analyst Rates Bitcoin As The Most Promising Asset For 2024, Predicts Price Potential Of $120,000

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Chief analyst of Singaporean exchange Bitget, Ryan Lee, has laid out some interesting Bitcoin price predictions for 2024. This forecast comes after BTC’s negative performance in the last week, where the maiden cryptocurrency declined by 4%, falling below the $42,000 price mark.  Bitcoin To Trade At $120,000 In 2024 – Ryan Lee  In an X post on December 17, crypto data platform Brave New Coin shared Ryan Lee’s projections for Bitcoin in the new year, which were presented in three phases.  For the short term, Lee anticipates Bitcoin’s price to…

Analyst Predicts 7500% Rally To $2.3

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Popular crypto analyst EGRAG just predicted a massive 7,500% rally that will send VET soaring to $2.3. VeChain (VET) is currently trading at $0.02945, but according to this analyst, the crypto is set for a price growth that would send it on a price growth into three sequential price targets.   EGRAG Predicts VET To Hit $2.3 VET’s price has had its ups and downs this year, reflecting the general market volatility of crypto assets this year. The crypto went on a price spike very early in the year, going on…

Polygon (MATIC) Price Faces Crucial Turning Point That Could Trigger 50% Rally, Analyst Says

Polygon (MATIC) is the altcoin in focus this time around as an analyst provides an analysis of the crypto token. Based on this analysis, there is a feeling that things could soon begin to look up for MATIC. Polygon Could See Significant Rally Soon In a video shared on the Cheeky Crypto YouTube Channel, crypto analyst JB noted that MATIC has declined following Bitcoin’s pullback. However, this move is unexpected as he believes that the crypto token’s decline to the particular retracement area sets it up nicely for an upward…

Analyst Predicts XRP Price Will Rise 800% To $5.5, The Timeframe Will Shock You

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Popular crypto analyst EGRAG crypto has dropped what looks like the most bullish price prediction for XRP. XRP has been subjected to various price predictions in the past few months from EGRAG and other crypto analysts, as the crypto now has free rein on its price movement. This time, the analyst claims XRP is ready to explode 800% in just two weeks, rocketing from under $0.65 today to over $5.50 in just 14 days. EGRAG’s analysis pointed to price movement and the Fibonacci indicator, indicating XRP is gearing up for…

Crypto Analyst Forecasts Cardano Price Surge To $0.70

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Cardano price has had a stop-start performance over the past week, with the bulls struggling to maintain their hold above the $0.60 price level. This comes at a period when the premier cryptocurrency, Bitcoin, has been shedding a portion of its recently-accrued gain.  Interestingly, a popular crypto analyst on X (formerly Twitter) has carried out a detailed evaluation of ADA’s recent price action, providing insight into the Cardano price performance in the near future.  Is ADA Price Set For A Rally To $0.70? In a recent post on the X…

Shiba Inu Faces Make Or A Point As Analyst Identifies Critical Trading Pattern

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Shiba Inu bulls continue to struggle to hold on to gains from the last week despite losing their hold at the $0.00001 level. This shows a commitment to pushing the price of the meme coin even higher at a time when large cap altcoins are not really getting much attention. Given this, the SHIB price has traded in a tight range for a while now, something that could either make or break the price. Shiba Inu Trading In A Descending Parallel Pattern Crypto analyst Ali Martinez has identified a pattern…