Tag: Analyst

Analyst Predicts Chainlink Rally To $20 Based On This Pattern

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An analyst has pointed out how Chainlink might be breaking out of a bull flag right now, which could suggest a rally toward $20. Chainlink Is Escaping Out Of A Bull Flag Pattern Currently In a new post on X, analyst Ali pointed out a breakout that may be forming in the LINK price chart. The relevant technical pattern here is the “bull flag,” which, as its name implies, looks like a flag on a pole. This pattern forms when the asset’s price goes through a pullback after seeing a…

Analyst Sets $30,000 Floor For Bitcoin, But Can We Forget 2021’s Misfire?

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The price of Bitcoin presses on towards the upside and, once again, touched a critical resistance close to $38,000. The cryptocurrency could trend sideways at its current levels in the short term, leading analysts to find the support level that could withstand a spike in selling pressure. As of this writing, Bitcoin trades at $37,160 with sideways movement in the last 24 hours. BTC held a 2% profit the previous week, while Cardano (ADA) and Solana (SOL) took the lead in the current price action. BTC’s price trends to the…

Analyst details potential BEAM price volatility

The price of Beam (BEAM), the native cryptocurrency of the Beam gaming network, has seen significant unpredictability in recent days according to a popular YouTube crypto analyst. In a video posted to the CryptoWorld YouTube channel on Nov. 20th, the analyst explained that BEAM had increased its price 11% in the last 24 hours before crashing back down. However, the analyst believes BEAM is positioned for another leg up after forming a head and shoulders pattern on the technical chart. The crypto analyst believes Beam is on the verge of…

3 Altcoins Set To Skyrocket In Next Crypto Bull Run, According To Analyst

Several altcoins have garnered attention for their potential in the next bull run. Nick, a prominent crypto analyst and host of the Cheeky Crypto YouTube channel, has pinpointed three specific altcoins that he believes are poised for significant growth in the forthcoming market surge. Based on current market trends and developments, Nick’s analysis highlights these altcoins for their unique features and potential growth trajectories. These predictions offer insights into which could be the next big movers in the crypto world. Three Altcoins Poised For Potential Surge Solana (SOL) is one…

Altcoin Corrections Signal Strong Buy Opportunities: Crypto Analyst

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In a recent analysis shared on X (formerly Twitter), crypto analyst Michaël van de Poppe offered an insightful perspective on the current state of the altcoin market. His analysis draws parallels with historical trends, suggesting that the current corrections in altcoins may present strong buying opportunities for investors. Buy The Altcoin Dips Now? Van de Poppe’s analysis began by noting the ongoing corrections in the altcoin sector, which he interprets as part of a sustained uptrend. “Altcoins have multiple days/weeks correction while still in an uptrend,” he stated, indicating that…

Crypto Analyst Predicts XRP Price Will Reach $1.35

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XRP  has experienced a small decline in value over the past few days, coinciding with a period of consolidation in the broader cryptocurrency market after four weeks of consecutive price increases. Although data from CoinMarketCap at the time of writing puts XRP being up by 1.78% in the past 24 hours, a larger seven-day timeframe shows it is still down by 8.68%. On the other hand, price metrics including open interest on futures contracts and a bullish divergence with the RSI indicate the potential for a significant increase in the…

Crypto Analyst Projects $7 Trillion Market Cap For Altcoins

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The altcoins market has been on a tear over the past few weeks, thanks to the resurgence of the premier cryptocurrency, Bitcoin, and the shifting climate of the general crypto market. Although the recent momentum of the altcoin market seems to be waning, there is still broad optimism amongst many investors and analysts. Mags, a popular crypto analyst on the X (formerly Twitter) platform, has offered insight into the current landscape of the crypto assets class and its future prospects as the bull market seemingly approaches. Altcoins To Go Parabolic…

Analyst claims XRP heading towards parabolic move

The price of XRP, the native cryptocurrency of the XRP Ledger, could be gearing up for a dramatic price surge according to some analysts in the crypto space. In a YouTube video posted on Nov. 17, the host of crypto analysis channel “Moon Lambo” shared perspectives from several respected chart analysts indicating XRP may soon see significant upside price action. One analyst highlighted was “The Blockchain Backer,” who pointed to chart formations suggesting Bitcoin is on the cusp of a major breakout above $40,000. As Bitcoin (BTC) often leads markets,…

Analyst Predicts 100% Increase Following Breakout

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Cardano may not be a top gainer in the crypto market but that does not mean that it has fallen behind. During the altcoin rally, the price of Cardano’s native coin ADA has gone from a low of $0.25 to a high of almost $0.4 before correcting back downwards. This positive trend has been preserved even through the crypto market dip and it seems that there is only one thing in the way of Cardano’s rise to a new yearly high. Falling Wedge Pattern Holds Back Cardano According to a…

History Repeats? Cardano (ADA) Set To Skyrocket In December, Predicts Analyst

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A recent surge in Cardano (ADA)’s market value has caught the attention of both investors and analysts alike. Over the past 24 hours, ADA has seen a 7% increase, trading at approximately $0.39 at the time of writing. This uptick in value is not just a momentary blip on the radar but a part of a broader trend that mirrors the 2018-2020 consolidation phase of ADA, according to a well-known crypto trader and analyst, Ali. Interestingly, the analyst noted this current consolidation phase comes without the dramatic influence of an…