Tag: Bullish

Dogecoin misses bullish target after Elon Musk snubs Twitter — what’s next for DOGE price?

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Dogecoin (DOGE) has missed a much-anticipated technical upside target and is down nearly 10% over the past week amid an ongoing spat between Elon Musk and Twitter. Musk hurts DOGE price To recap: Musk, whose companies Tesla, SpaceX, and Vegas Loop accept DOGE payments, had suggested introducing the same checkout option on Twitter this April. Bitcoin spoofs a breakout while Dogecoin jumps on Elon Musk’s Twitter takeover news. https://t.co/dlMH5u5jaf — Cointelegraph (@Cointelegraph) April 25, 2022 Nonetheless, the Musk-Twitter deal has turned sour after the billionaire attempted to walk away from…

Into Crab Mode, Bitcoin Bullish Potential Capped For The Coming Months?

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Bitcoin is back below $20,000 and seems on track to re-test the bottom of its current range. The cryptocurrency was showing signs of recovery, but it was rejected near the critical resistance zone at around $22,000. Related Reading | Tezos (XTZ) Nears 3-Week High – Can Bulls Barrel Towards $1.80? At the time of writing, BTC’s price trades at $19,800 with a 3% and 2% loss in the last 24 hours and 7 days respectively. BTC trends to the downside with sideways movement in recent weeks on the 4-hour chart. Source:…

U.S. Federal Panel Claims Cryptocurrencies Can Boost The Economy, Will It Result In Bullish Trend?

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The talks to allow digital currencies to exist in U.S. economy are underway. The suggestion is to achieve this by linking cryptocurrencies to the U.S. dollar. This contemplation took place on Tuesday at a meeting held by the U.S. Fed. At the meeting, a panel of speakers stated that the dollar status would gain more strength with crypto assets in the U.S. economy. Moreover, this will also give a boost to the digital currency industry. Strength Of Dollar Could Improve Through Cryptocurrencies The current state of cryptocurrencies is still posing…

Bloomberg analyst tips bullish BTC recovery in next six months

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Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the second half (2H) of 2022. Sharing his thoughts to his 48,100 Twitter followers on July 6, McGlone saw positive signs in the data Bloomberg’s Galaxy Crypto Index (BGCI) and the 50-week and 100-week moving averages of BTC’s price. He suggested that the current indicators are showing similar signs to the bottom of the bear market in 2018, which preceded a strong rebound in the first half of 2019. “With the Bloomberg Galaxy…

ATOM Rises To Multi-Week High, Daily RSI Shows Bullish Pattern

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Cosmos (ATOM) was trading higher on Tuesday, as prices earlier in the day reached a multi-week high. The ATOM/USD pair reached its highest level since June 10 on Wednesday, as prices fell below the $10 threshold. Following the Fourth of July celebrations, during which prices dipped to $8.14, ATOM reached an intraday high of $9.27. The price of ATOM has increased significantly over the past several weeks with the revelation that, by September, Cosmos projects would be able to attain the highest level of security in the ecosystem. Cosmos enables developers…

Ethereum Needs To Breach This Level To Sustain Bullish Pace

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Despite attempts by bears to drive prices down, Ethereum (ETH) managed to hold its head above water on Wednesday, topping $1,200 for the most of the session. Coingecko records indicate that as the time of writing, ETH is trading at $1,129.50, a decrease of 0.5% over the past week and still slightly down from the previous day’s high of $1,228.88. Even though the ETH/USD pair fell to an intraday low of $1,170.23 during Tuesday’s session, bulls were able to keep prices above this area. The market has been dominated by bulls…

SOL price eyes 75% rally as Solana paints a bullish reversal pattern

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Solana (SOL) continued its recovery trend on June 28 while inching closer to triggering a classic bullish reversal setup. SOL’s price gained 2.42%, reaching an intraday high of $39.40/ The SOL/USD pair is now up 50% as a part of a broader retracement move that began on June 14 after falling to lows of $26. SOL/USD daily price chart. Source: TradingView Solana price eyes 75% rally The latest buying period in the Solana market has been painting what appears to be an “inverse head and shoulders pattern (IH&S)” pattern. The…

Dogecoin Has Formed A Bullish Reversal Pattern, What’s Next?

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Dogecoin’s price has been optimistic over the last week. The coin secured double digit gains over the last seven days, it rose by nearly 20%. The meme-coin has been experiencing rigid resistance at the $0.07 level and if it trades around the current price level, it could fall to its next support line of $0.05. The bulls have tried to show signs of recovery as the coin tried to move upwards slowly over the past few days. On the shorter time frame, DOGE has lost some of its market value.…

Dogecoin price could rally 20% in July with this bullish reversal pattern

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Dogecoin (DOGE) looks ready to extend its rebound move despite the current crypto bear market. 79% chances DOGE will extend its rebound move DOGE’s price appears to have been painting a “bump-and-run-reversal (BARR) bottom” since May 11, a technical pattern that points to extended trend reversals in a bear market. It consists of three successful phases: Lead-In, Bump, and Run. The “Lead-In phase” sees the price consolidating inside a narrow, sideways range, showing an interim bias conflict among investors. That follows the “Bump phase,” wherein the price drops and recovers…