Tag: Bullish

TON Price Surges 15% In A Day But Signs of Bullish Exhaustion Emerge

TON price rallied nearly 15% and traded above the $6.50 resistance. Toncoin is now showing a few signs of trend exhaustion and might correct gains. Toncoin jumped above the $6.20 and $6.50 resistance levels. The price is now trading above $6.50 and the 100-hourly Simple Moving Average. There is a key parabolic curve forming with support at $6.80 on the hourly chart of the TON/USD pair (data source from Kraken). The pair could start a downside correction if it declines below $6.80 and the $6.60. TON Price Reaches $7 Recently,…

Cardano Faces Make-Or-Break Price Level For Bullish Revival

boss

The Cardano (ADA) price is down 46% since its yearly high and is currently facing a make-or-break price level for a bullish reversal. Here’s what you need to know: Cardano Price Analysis: Daily Chart The daily ADA/USD chart is currently charting a path within a descending channel, which has defined the bearish trend since the beginning of March. On Monday, the ADA price peaked near $0.475, encountering substantial resistance at the channel’s upper boundary and from the critical 20-day Exponential Moving Average (EMA), which stands currently at $0.47. ADA price,…

Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto

boss

In the wake of the November 2022 crypto market crash, which saw the bankruptcy and collapse of FTX and other firms, Solana (SOL) has emerged as a standout performer, experiencing a year-to-date price increase of over 560%.  With a market capitalization of $67 billion, Solana has secured its place as the fifth largest cryptocurrency, trailing only Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Tether’s USDT stablecoin. Despite its substantial growth, asset management giant and Bitcoin exchange-traded fund (ETF) issuer Franklin Templeton anticipates further expansion for Solana as the emerging…

XRP Holders Stack Coins Despite Price Dip: Bullish Signal?

The cryptocurrency market has been battered by recent storms, with many altcoins experiencing significant price drops. XRP, however, seems to be weathering the tempest with a hint of defiance. While its price has dipped, on-chain data reveals intriguing trends that suggest a potential silver lining for XRP investors. XRP Accumulation On The Rise: Diamond Hands Or Whale Whispers? Despite the price decline, a surprising trend has emerged. The number of investors holding between a thousand and 1 million XRP tokens has actually grown by 0.20% over the past month, according…

Crypto Expert Turns Bullish On Bitcoin, Predicts Quantitative Easing Will Begin Soon

boss

Crypto expert Michaël van de Poppe has made a bullish case for Bitcoin as he alluded to macroeconomic factors that could soon play out in the flagship crypto’s favor. In line with this, he urged Bitcoin investors to take action with a parabolic surge on the horizon.  An Imminent Quantitative Easing Would Be Good For Bitcoin Van de Poppe suggested in an X (formerly Twitter) post that Bitcoin will rise on the back of a Quantitative Easing (QE), which he anticipates is “close.” He noted that the Fed has already…

Ethereum Flashes Bullish Signals, Can It Rally 50% From Here?

boss

The second-largest crypto token by market cap, Ethereum (ETH), finally showed some form of life as it rose to $3,300 over the weekend. This move is believed to be the beginning of a trend reversal for the crypto token, which has several bullish signals on its chart.  Ethereum Has A Bullish Chart Crypto analyst Derek revealed in an X (formerly Twitter) post that the signals on Ethereum’s Moving Average Convergence/Divergence (MACD) indicator “seem to have ended the decline and changed upward direction.” He also highlighted the Ethereum Dominance chart, which…

CryptoQuant Analyst Reveals Signal That Shows Bitcoin Is Still Very Bullish

boss

The Bitcoin price movement in the past few days after the halving event has left many investors wanting. Particularly, price data shows the crypto failed to settle above $65,000 las week. At the time of writing, Bitcoin is trading at $62,105, down by 2.96% and 6.14% in the past 24 hours and seven days, respectively.  According to a CryptoQuant analyst, Bitcoin’s Adjusted Spent Output Profit Ratio (aSOPR) is still looking bullish, which could be a faint signal of the crypto’s price reversing into bullish momentum. Current State Of Bitcoin As…

Bullish On Polkadot: Analyst Sees DOT Hitting $15 Soon

boss

Polkadot (DOT), the interoperable blockchain platform designed for connecting different blockchains, is currently caught in a tug-of-war between technical indicators suggesting a potential price dip and bullish predictions from some analysts. Recent price movements paint a somewhat gloomy picture. DOT breached the lower boundary of its ascending trend channel, a technical indicator often interpreted as a sign of weakening momentum. Trading volume also leans bearish, with sellers dominating the market and putting downward pressure on the price. Support seems to be holding around $6.30, but resistance sits stubbornly at $9.40,…

ARK Invest makes bullish moves ahead of Bitcoin halving

boss

Ahead of the Bitcoin (BTC) halving, Cathie Wood’s ARK Invest engaged in a series of transactions reflecting the hedge fund’s bullish stance on the cryptocurrency’s trajectory.  Among the notable moves was ARK’s addition of 139,152 units of its in-house spot Bitcoin ETF — the ARK 21Shares Bitcoin ETF — valued at $8.96 million. The purchase followed another substantial buy of $31.19 million worth of the ETF the day before. Not content with just Bitcoin, ARK doubled down on diversification by purchasing 41,068 shares of ProShares Ether Strategy ETF (EETH), totaling…

Altcoin Sherpa remains bullish for BTC, while Dogwifhat, KangaMoon surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid market uncertainty, Altcoin Sherpa remains bullish on Bitcoin’s stability, while meme coins like Dogwifhat and KangaMoon capture investor interest. According to Altcoin Sherpa, despite the uncertainty in the cryptocurrency market, Bitcoin (BTC) has proven itself to be a stable asset. Meanwhile, Dogwifhat (WIF) and KangaMoon (KANG) continue to soar in the meme coin space. Prominent market analysts hint that KANG, which is now in Stage 5 of its…