Tag: Rally

Bitcoin Price Slips Below $95K: Is The Rally Losing Steam?

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Bitcoin price is correcting gains below the $96,500 resistance. BTC is now trading below $95,000 and might face hurdles near the $95,750 resistance. Bitcoin started a downside correction from the $98,880 zone. The price is trading below $96,000 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $95,750 resistance zone. Bitcoin Price Corrects Gains Bitcoin price…

Toncoin (TON) Rebounds Above $6: Is A Sustainable Rally In Sight?

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Toncoin (TON) has surged past the $6 mark, rekindling hopes for a sustained bullish rally. After facing a challenging period of bearish pressure, this recovery has sparked curiosity among investors and traders alike. The key question is whether the bulls have what it takes to maintain this momentum and push TON higher. As Toncoin navigates a pivotal moment, this article aims to explore its breakout above the $6 level, delving into the forces behind the move and evaluating its potential to sustain its strength. By analyzing key technical indicators and…

Solana (SOL) Bulls Stay in Control: Rally Far From Over?

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…

XRP Price Builds a Base: Can Bulls Ignite a New Rally?

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XRP price surged further above the $1.45 and $1.50 resistance levels. The price is now consolidating gains near $1.40 and might aim for more upsides. XRP price started a fresh surge above the $1.40 resistance level. The price is now trading above $1.350 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is showing positive signs and might extend its rally above the $1.450 resistance. XRP…

Dogecoin Rally – Can This Lead To A Breakout Above $0.82?

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Este artículo también está disponible en español. Last week was another positive period for the Dogecoin price. After concluding the prior week in a phase of consolidation, the meme cryptocurrency carried this trend into the early days of the new week. However, the Dogecoin price kicked off a new 25% rally on Friday, November 22, to create a new 2024 high.  Related Reading Interestingly, this new rally saw the Dogecoin price break a bull flag to the upside. Such a rally has brought into focus the perspective of the Dogecoin…

Notcoin (NOT) Gears Up for Major Rally – Does $0.12 Remain Within Reach?

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Bitcoin Rally Benefits From US Buyers

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Este artículo también está disponible en español. Bitcoin has surged past the $99,800 mark, setting another all-time high as it inches closer to the psychological $100,000 milestone. Despite briefly testing the level, BTC has yet to break through, leaving investors and analysts eagerly anticipating the next move. With demand remaining robust, the stage appears set for Bitcoin to push past this key barrier in the coming days. Related Reading Recent data from CryptoQuant highlights a significant factor driving this rally: the Coinbase Premium Gap, which currently sits at $224. This…

Stellar, Dogecoin, Cardano rally as Bitcoin approaches $100k

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The global cryptocurrency market increased by 11.5% this week, reaching a record high of $3.49 trillion and adding $358 billion in valuation. Bitcoin (BTC) surged over 8% during this period as buyers attempted to breach the $100,000 psychological resistance, and the hype spilled over into the broader altcoin market. Some standout performers this week included Stellar (XLM), Dogecoin (DOGE), and Cardano (ADA). Stellar rallies over 190% Stellar surged over 190% in the last seven days, exchanging hands at $0.4436, its 40-month high as demand surged, making it the best-performing asset…

Bitcoin Officially In Overheated MVRV Zone, Rally End Near?

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On-chain data shows Bitcoin has recently surpassed a level of the Market Value to Realized Value (MVRV) Ratio that has historically signaled overheated conditions. Bitcoin Has Surpassed Highest MVRV Deviation Pricing Band In its latest weekly report, the on-chain analytics firm Glassnode has discussed about how Bitcoin is looking right now from the perspective of a pricing model based on the MVRV Ratio. The MVRV Ratio is a popular BTC indicator that keeps track of the ratio between the market cap of the asset and its realized cap. The latter…

Bitcoin Cash eyes 18% rally

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Bitcoin Cash (BCH) added nearly 35% to its value in the past month and rallied 12% on Nov. 21. Bitcoin’s (BTC) observed a rally to $98,384 early on Nov. 21, with BCH and other top cryptocurrencies tagging along for the ride.  An analysis of on-chain and technical indicators and data from the derivatives market shows that BCH could extend gains and retest its mid-April 2024 peak of $569.10.  Bitcoin hits all-time high, fork from 2017 ignites hope for traders Bitcoin hit a record high of $98,384 on Nov. 21, a…