Tag: Bullish

SOL Risks $120 Retest Despite Bullish Onchain Data

Key takeaway: SOL (SOL) projects a bearish outlook on the daily chart after forming a bearish engulfing, and if the trend holds, SOL price could fall to $120. On the 1-day time frame, SOL shows a head-and-shoulders pattern, which is a bearish reversal signal. A breakdown below its $140 neckline level, confirmed by a volume spike, could lead to a bearish continuation. Solana 1-day chart. Source: Cryptox/TradingView The downside target from the head-and-shoulders pattern is around $126, supported by the immediate liquidity zone. However, the daily demand zone is outlined…

Bitcoin Bullish Divergence That Appeared Before The May ATH Has Returned Again

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin is currently hovering in a tightly compressed price range after failing multiple times to break above $110,000 earlier this month. The past few days have been characterized by the leading cryptocurrency trading around $105,000, with…

Bitcoin Open Interest Hits $96 Billion, Bullish or Bearish?

boss

Key takeaways: Open interest in Bitcoin futures and options has ballooned to $96 billion, up sharply from 2022 levels. Elevated speculative leverage fuels BTC’s bullish breakouts, but it also raises the risk of cascading liquidations, reminiscent of 2021 volatility. Stablecoin-margined collateral now dominates over crypto-margined positions, helping mitigate volatility shocks amid heightened trading activity. Bitcoin’s derivatives market, which commands $96.2 billion in open interest (OI), is poised to shape price dynamics each time BTC trades near all-time highs. While Bitcoin (BTC) OI is currently down from a $114 billion peak,…

Ethereum Bullish Wave Towards ATH Coming? Here Are The Targets

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Recent price action in the past 24 hours has seen Ethereum clawing back above $2,500 after a pullback that saw its price fall to a low of $2,440. This is a notable correction from Ethereum’s foray…

Top Analyst Reveals War As A Surprising Bullish Force

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Cyclop has made a potentially significant statement, claiming that the ongoing crisis between Israel and Iran may inadvertently boost the performance of digital assets.  Despite recent volatility, which saw a sell-off of approximately $140…

SHIB Long-Short Ratio Suggests Bearish Sentiment as Over $1.8M in Bullish Bets Liquidated

A key indicator is flashing red for shiba inu (SHIB) as the recent price drop to two-month lows has shaken out leveraged bullish bets. The indicator in consideration is the long-short ratio derived from the perpetual futures market. It measures the number of active longs or bullish bets relative to shorts, providing cues on market sentiment. The ratio has dropped to 0.9298, indicating bearish sentiment among traders, according to CryptoX’s AI insights. This follows the forced closure or liquidation of long positions worth over $1.8 million since June 12, according…

Ethereum whale buys $127m in ETH during dip, sparking bullish sentiment

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Whale buys $127m in ETH during dip, boosting confidence as options expiry and global tensions shake markets. Ethereum (ETH) is hovering around $2,547 and sparking major interest after a whale scooped up 48,825 ETH for $127 million, at an average of $2,605. This large purchase came during a short dip in price, largely due to global tensions and option expiries, signaling solid long-term confidence. The same investor had already…

Bear Signal Lingers On Dogecoin—Here’s Why That’s Bullish

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin’s Market-Value-to-Realised-Value (MVRV) Z-Score is printing just 0.28 – a level normally associated with capitulation, not euphoria. Yet the price of the ninth-largest cryptocurrency keeps carving a succession of higher highs and higher lows on the…

Key Fractal From 2023 Says Bitcoin Price Is Still Bullish, But A Crash To $90,000 Could Be Coming

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst X Force has drawn the crypto community’s attention to a key fractal from 2023, which paints a bullish picture for the Bitcoin price. However, the analyst suggested that a drop to $90,000 could still…

Bitcoin Holding $105K During War Is Bullish for Crypto

boss

Key points: A week of solid inflows into the spot Bitcoin ETFs improves the prospects of a rally toward $110,000. HYPE, BCH, AAVE, and OKB could march higher if Bitcoin sustains above $105,000. Bitcoin (BTC) is forming a Doji candlestick pattern on the weekly chart, indicating indecision between buyers and sellers. Despite the near-term uncertainty, analysts remain bullish on Bitcoin’s prospects in 2025, expecting a rally from $140,000 to $270,000. Another positive sign is that the geopolitical turmoil caused by the conflict between Israel and Iran did not create panic…