Tag: Bullish

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…

FET Price Targets $3.4 After Bullish Breakout, Key Levels To Watch

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Este artículo también está disponible en español. The Artificial Superintelligence Alliance (FET) has seen a remarkable performance in the last two weeks. Amid the latest market shakeouts, the AI crypto token saw a significant increase, surging over 60% a week ago. In the last 24 hours, the token has recorded a 4% price surge, retesting a crucial resistance level that could propel the price near its all-time high (ATH). Related Reading FET Sees 30% Monthly Surge FET showed a formidable price action throughout August despite the market retraces, seeing a…

Bullish Alert For Dogecoin: TD Indicator Flashes Buy Signal As $0.10 Target Looms

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The broader cryptocurrency market has endured significant corrections over the past six months, primarily driven by the two largest digital currencies: Bitcoin (BTC) and Ethereum (ETH). Dogecoin (DOGE), the leading meme coin, has not escaped this trend, experiencing a marked decline in value. Dogecoin Price Faces 55% Decline Since March High Since reaching a yearly high of $0.22 in March, DOGE has suffered a substantial drop of 55.9%, currently trading at approximately $0.0976. This decline is even more pronounced over longer time frames; according to CoinGecko data, Dogecoin is now…

Why Cardano Remains ‘Fundamentally Bullish’: Crypto Analyst

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Este artículo también está disponible en español. In a video analysis delivered to his 368,000 YouTube subscribers, Dan Gambardello explains why he believes that ADA remains fundamentally bullish despite the -17% price drop over the past 10 days. Gambardello emphasizes several key developments and technical setups within the Cardano ecosystem, particularly focusing on its recent transition to on-chain governance through the “Chang” hard fork. Why Cardano Is ‘Fundamentally Bullish’ The core of Gambardello’s analysis began with the implementation of the Chang hard fork, which he describes as a monumental step…