Tag: Key

Analyst Sets $2,820 As ETH’s Next Key Level to Watch

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Este artículo también está disponible en español. Following the market’s recent pump, the leading cryptocurrencies have seen a remarkable performance. Bitcoin is trading above the $64,000 mark, while Ethereum (ETH) has surged 9% in the last week to consolidate above a key support level. Despite the bullish sentiment, some crypto investors remain cautious about ETH’s performance as the second-largest cryptocurrency faces the next crucial resistance level. Related Reading Ethereum Consolidates Above $2,600 Ethereum recorded a 13% price jump in the last seven days after the US Federal Reserve (Fed) announced…

Dogecoin (DOGE) Breaks Key Support, But Bulls Aren’t Backing Down

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Dogecoin failed to surpass $0.1120 and corrected gains against the US Dollar. DOGE bulls are active near $0.1080 and might push it higher again. DOGE price is eyeing an upside break above $0.1120. The price is trading above the $0.1080 level and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.1090 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.1100 and $0.1120 resistance levels. Dogecoin Price…

Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience

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Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence […] Original

Bitcoin Jumps 22% Post-Fed Rate Cut, Yet Key Resistance Sparks Crash Fears – Bitfinex

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Bitcoin (BTC), the world’s largest cryptocurrency, has rallied over 22% in the past two weeks to trade at around $63,200, following a significant drop to $52,000 on September 6. This is the highest level BTC has reached in almost two months. Critical Resistance At $65,200 Looms According to a recent report from digital asset trading platform Bitfinex, this price increase was largely driven by the Federal Reserve’s (Fed) decision to cut interest rates, which helped propel BTC to a new local high of $64,200 on September 20.  However, despite this…

XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally – Key Levels To Watch

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Este artículo también está disponible en español. XRP trades at a pivotal moment after several days of volatile price action, sparking renewed optimism among investors. Some analysts believe that XRP is on the verge of breaking out from a massive 4-year bullish triangle pattern, which has served as an extended accumulation period.  Related Reading This technical formation has been steadily building up, and now XRP appears poised for a significant expansion phase. Following years of underperformance caused by the ongoing SEC lawsuit and broader economic uncertainty, the market is watching…

Bullish Analyst Sees Cardano (ADA) Rising 13% As Key Indicator Signals Buy

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In a notable divergence from the broader cryptocurrency market, Cardano (ADA) has faced challenges in capitalizing on the recent bullish sentiment triggered by the Federal Reserve’s decision to reduce interest rates by 0.50% earlier this week.  While major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have seen gains exceeding 5% in the same timeframe, ADA currently trades at $0.3517, reflecting a 2% decline over the past week. Buy Signals For Cardano  Despite these short-term setbacks, analysts remain optimistic about Cardano’s future price trajectory. Trend Rider, a technical analyst, has highlighted…

Bitcoin may suffer a harsh reversal unless it clears key hurdle

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Bitcoin price rose to a key resistance level as investors embraced a risk-on sentiment after the dovish interest rate decision. Bullish catalysts for Bitcoin Bitcoin (BTC) jumped to the important point at $64,000 for the first time since Aug. 9. It has moved into a technical bull run after soaring by over 20% from its lowest point this month. This price action is mostly because of Wednesday’s Fed decision in which it slashed rates by 50 basis points and hinted that it may deliver more cuts later this year. It…

Will Bitcoin Break Through $70k? Short-Term Holders’ Buy Price Holds The Key

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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…

Bitcoin (BTC) Price Faces Key Test at $64K as Solana, AVAX, Aptos Rallies 10%-15%

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Bitcoin climbed nearly 6% over the past 24 hours from Wednesday’s whipsaw below $60,000 as traders digested the Fed’s decision to lower benchmark interest rates by 50 basis points, a move many observers say may mark the beginning of an easing cycle by the U.S. central bank. The largest crypto hit its highest price this month at $63,800 during the U.S. trading hours before stalling and retracing to just above $63,000. Original