Tag: Rally

VeChain Crypto Hits YTD High in Latest Intraday Rally; What’s Next

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VeChain (VET) hit a year-to-date high (YTD) during the Friday trading session. The 24th largest blockchain asset rose 8.57 percent to 114 sats, bringing its YTD gains up by more than 85 percent. Nevertheless, the VET/BTC uptrend is showing signs of cooling off, albeit holding a string of dependable support levels underneath. VeChain’s crypto token VET rose 8.57 percent on Friday to hit its year-to-date high at 114 sats. Traders flocked to the 24th largest cryptocurrency due to unfound reasons. But its intraday rally coincided with a review from Early…

Cardano Price Hits 2020 Top Following Network Upgrade – Will the Rally Sustain?

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ADA, the native token of Cardano, established a new 2020 top on Wednesday. The eighth-largest cryptocurrency surged to $0.097 for the first time in 13 months. The latest gains came as a part of a broader uptrend that began in March 2020 but received an additional boost from Cardano’s network upgrade news. Cardano is going to the moon before its top crypto competitor Bitcoin. The blockchain platform’s native asset ADA reached its year-to-date high on Wednesday. As of 2300 UTC, the ADA/USD exchange rate topped at $0.097, its highest since…

Market Wrap: As Traditional Markets Rally, Bitcoin Gets Boring

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Bitcoin broke above $9,250 for the first time since Friday as the leading cryptocurrency continues to trade in a tight range just above $9,000 for several weeks. But cryptocurrency markets have stayed quiet as traders expect a big move. Bitcoin was trading hands around $9,250 as of 20:00 UTC (4 p.m. ET).  Ether, the second-largest cryptocurrency by market capitalization, gained 3%, trading around $232 as of 20:00 UTC (4 p.m. ET), according to Bitstamp. Despite trading above $9,250, bitcoin is still stuck within a tight range of a few hundred…

What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin

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The largest 50-day “Robinhood” rally in stock market history and even stocks of bankrupt companies are up more than 100%. What is going on? Our main topic: The “Robinhood Revolution.”  The next time someone tells you crypto markets are too irrational or volatile, point them to stock markets right now. This is the “Robinhood Revolution,” as a horde of day traders are outperforming billionaire investors and commanding the stock market narrative. This episode looks at: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest…

Bitcoin Heading into Bull Trap with Its Latest Price Rally; Here’s Why

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Bitcoin is trading more than 150 percent higher from its March 2020 lows below $4,000. The cryptocurrency’s wild move upside has cheered traders, but a textbook technical indicator warns about a potential bull trap. There are possibilities of Bitcoin falling towards $6,700 if the fractal plays out as indicated. A textbook technical indicator may spoil the ongoing bitcoin price rally. Dubbed as Rising Wedge, the bearish pattern forms when an asset’s uptrend leaves behind a trail of successive higher highs and higher lows. The result that appears is two converging, rising trendlines meeting at…

Bitcoin Could End Current Consolidating With A Strong Rally To $10,500

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Bitcoin is trading in a tight range above the $9,640 support against the US Dollar. BTC price is likely to surge higher if it clears the $9,800 and $9,880 range resistance levels. Bitcoin is trading in a positive zone above the $9,640 and $9,600 support levels. The bulls are likely aiming an upside break above the $9,880 resistance zone. There is a key bearish trend line forming with resistance near $9,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). A downside break below the 100 hourly…

Ethereum Network Hits Massive Milestone as Analyst Eyes 200% Rally

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Since the all-time highs that were seen at the start of 2018, the price of Ethereum has collapsed dramatically. From the $1,430 highs, the asset is now down approximately 85%, trading at $240 as of the time of this article’s writing. Despite the utter collapse in the market, the underlying network has seen dramatic growth. Data now shows that the number of Ethereum accounts has surpassed a key milestone: 100 million. Related Reading: The Ongoing Miner “Feeding Frenzy” Is Bullish for Bitcoin in the Long Run Ethereum Bags Key Milestone as…

Ethereum Defies Gravity But Here’s Why It Must Break $250 For Fresh Rally

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Ethereum started a fresh increase from the $235 zone against the US Dollar. ETH price is now trading nicely above $240, but it is still struggling to gain momentum above $245 and $250. Ethereum is trading well above the $240 support and the 100 hourly simple moving average. The price must surpass the $245 and $250 resistance levels to continue higher. There was a break above a key bearish trend line with resistance near $242 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip in…

A Key Trend is Forming For Ripple (XRP) and a Swift Rally Could Occur

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Ripple is currently consolidating above the $0.2000 support against the US Dollar. XRP price is likely to start a strong increase above $0.2100 as long as it is above the 100 SMA (H4). Ripple price is currently trading nicely above the main $0.2000 support zone against the US dollar. The price is facing a few key resistances near the $0.2040 and $0.2075 levels. There is a major declining channel forming with resistance near $0.2040 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is likely…

Ethereum Likely Gearing For Strong Surge Above $250: Rally Isn’t Over Yet

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Ethereum is trading nicely above the $240 and $230 support levels against the US Dollar. ETH price seems to be preparing for a strong surge above the $250 and $255 resistance levels. ETH price is trading in an uptrend above the $230 support zone against the US Dollar. A successful close above the $250 level could trigger a significant upward move. There is a major contracting triangle forming with resistance near $245 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could also correct lower, but dips…