Tag: Bullish

Ethereum Price Eyes Bullish Momentum: Is a Breakout Imminent?

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Este artículo también está disponible en español. Ethereum price is attempting a fresh increase wave above $2,300. ETH might gain bullish momentum if it clears the $2,400 resistance zone. Ethereum is attempting a recovery wave above the $2,300 zone. The price is trading above $2,330 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,335 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price Eyes…

Solana (SOL) Surges Past $130 Resistance As Funding Rate Signals Bullish Momentum

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Este artículo también está disponible en español. The crypto market experienced a notable surge yesterday, with Solana (SOL) breaking past the crucial 4-hour resistance at $130. This breakout has caught the attention of investors, who now anticipate a potential price surge in the coming months as market sentiment remains optimistic. Related Reading Many analysts are forecasting further gains, pointing to Solana’s recent performance as a key indicator of its strength. Investors are particularly focused on SOL’s ability to maintain its momentum, with growing demand and increased interest fueling bullish predictions…

Ethereum Bullish Signal: Adoption Hits Four-Month High Rate

On-chain data shows the Ethereum adoption rate has hit a four-month high, which could be bullish for the cryptocurrency’s price. Ethereum Network Growth Has Shot Up Recently According to data from the on-chain analytics firm Santiment, the ETH blockchain has recently created many wallets. The indicator of relevance here is the “Network Growth,” which keeps track of the total number of new addresses appearing on the network daily. Naturally, an address is considered to have been used when it made its first transaction on the chain. The Network Growth counts…

Ethereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500

Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,320. ETH might struggle to gain pace for a move toward the $2,500 resistance zone. Ethereum is attempting a recovery wave above the $2,250 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price…

Sui token forms a bullish pattern, nears a pivotal price

Sui, the so-called ‘Solana killer,’ has done well in the past few weeks, making it one of the best-performing tokens in the industry. The native currency of the Sui (SUI) Network ecosystem has risen in the past four consecutive days. It was trading at $0.9820, its highest swing since Aug. 27, and jumped by over 100% from its lowest point in August. Bitcoin (BTC) is up by 10% in the same period.  Sui’s recovery has happened in a high-volume environment. Data by CoinGecko shows that the coin’s volume in the…

Bitcoin 200-Day Average Signals Waning Bullish Momentum, Here’s What It Means For BTC Price

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Este artículo también está disponible en español. A key long-term price indicator for Bitcoin, the 200-day simple moving average (SMA) appears to be losing its bullish momentum as the US economy added fewer jobs in August 2024. Bitcoin Must Overcome The 200-Day SMA To Reverse Trend The 200-day SMA is considered one of the more reliable long-term indicators to gauge an asset’s upcoming price action. Bitcoin’s 200-day SMA shows a weakening bullish momentum, giving short-term traders little joy. Related Reading Notably, this is the first time since October 2023 that…

Bullish on Ethereum? Here’s Why This Layer-2 Meme Is Skyrocketing Past it’s Competitors

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Este artículo también está disponible en español. The cryptocurrency landscape is dynamic and often unpredictable, with major players like Ethereum (ETH) frequently influencing market sentiment. Despite recent struggles, Ethereum remains a key pillar in the crypto world, and its ongoing developments continue to shape the future of digital assets. But while Ethereum’s trajectory is being closely monitored by investors, another digital asset is rapidly making waves—Mpeppe (MPEPE), a Layer-2 meme coin that’s soaring past its competitors and capturing the attention of crypto enthusiasts worldwide. Mpeppe (MPEPE): The Layer-2 Meme Coin…

Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy?

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…