The price of XRP is yet to embark on a bullish trajectory but many crypto analysts continue to remain bullish. Among these analysts is EGRAG Crypto, a figure well-known in the crypto community for his consistently ultra-bullish perspective on XRP. Related Reading In a recent detailed analysis shared on the social media platform X, EGRAG expressed his belief that XRP’s prolonged period of trading under the $1 mark might soon be coming to an end. His technical analysis reveals the potential for a sustained upward price movement. According to EGRAG,…
Tag: Bullish
Bitcoin Poised for a 200% Rally as Analyst Spot Rare Bullish Pattern
Amid Bitcoin’s current gradual recovery in price, attention has been drawn towards the asset as it prepares to be on the verge of closing its seventh consecutive monthly candle above the all-time high (ATH) of 2021. Renowned crypto analyst Moustache recently took to X to highlight this key milestone, emphasizing the importance of higher timeframes in trading. According to Moustache, the fact that Bitcoin is holding above its previous ATH every month is a strong indicator of support, which could signal continued upward momentum shortly. Is Bitcoin Building Momentum For…
3 Cryptocurrency You Must Be Bullish With Heading Into September ICP, RENDER & MPEPE
As we approach September, the cryptocurrency market is showing signs of a potential breakout, with several altcoins poised for significant gains. Among them, Internet Computer (ICP), Render (RENDER), and Mpeppe (MPEPE) stand out as top contenders for bullish momentum. Let’s explore why these three cryptocurrencies should be on your radar heading into the final quarter of 2024. Render (RENDER): A Rebound in the Making Render (RENDER) has been one of the most talked-about altcoins in recent months, and for good reason. After suffering a significant correction of more than 70%…
Is A Bitcoin (BTC) Negative Correlation With Stocks A Bullish Signal? Analyst Reveals
Bitcoin (BTC) and U.S. stocks have shown a negative correlation lately, with Bitcoin often moving in the opposite direction of traditional markets. This divergence has caught the attention of analysts and investors, especially as the cryptocurrency enters a period of consolidation along with the broader crypto market. Historically, shifts in this correlation—from negative to positive—have often signaled a bullish trend for Bitcoin. Related Reading As both markets face challenges, the changing dynamics between BTC and U.S. stocks could provide crucial insights into where the market is headed. Investors are closely…
Is Ethereum Finally Over the Slump? These 2 On-Chain Metrics Suggests a Bullish Turn
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Analysts reveal bullish case for Bitcoin as global liquidity rises
The stage looks set for Bitcoin to surpass its previous all-time high, fueled by a surge in global liquidity, several macroeconomic analysts argue. In recent weeks, the global macro financial outlook has been showing signs of a shift. Over the weekend, Goldman Sachs economists announced that they had lowered their estimations of the probability of a U.S. recession in 2025 from 25% to 20%. This change came after the latest U.S. retail sales and jobless claims data were released, which suggested that the U.S. economy might be in better shape…
Can It Gain Bullish Momentum?
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Solana forms bullish patterns as DEX volume, open interest slip
Solana price has been stuck in a deep bear market as the volume in its decentralized exchanges and futures open interest dipped. Solana (SOL) has risen for two consecutive weeks and was up by over 33% from its lowest point in August. Still, it remains in a bear market after falling by over 30% from the year-to-date high. Solana’s DEX volume retreats Its price action has mirrored that of other cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), which are all in a bear market. Solana’s sell-off has happened as the…
Bitcoin triggers bullish sentiment among investors, long-term holders
Bitcoin briefly touched a local high of $60,100 earlier today before hovering at around $58,894 at last check Sunday. The leading cryptocurrency is up for three straight days, but still in a consolidation phase. Bitcoin (BTC) daily trading volume decreased by 42% and is currently hovering around $14.7 billion. BTC price, whale activity and dormant circulation – Aug. 18 | Source: Santiment When an asset’s trading volume declines, it’s usually a sign of a cool-down and lower price volatility. According to data provided by Santiment, Bitcoin’s five-year dormant circulation is…
Litecoin Comeback: Bullish Reversal Sets The Stage For $76.85 Target
Litecoin (LTC) is making a strong comeback as a bullish reversal takes place, setting the stage for a potential move toward the $76.85 target. After bouncing off a critical support level, Litecoin has regained upward momentum, signaling renewed optimism among market traders. Key technical indicators now point to further gains, with $76.85 emerging as the next significant resistance level. As the market responds to this bullish shift, this article will delve into Litecoin’s bullish reversal and assess the significance of the $76.85 target and its implications for future price action.…