Tag: Rally

Why This Analyst Believes The Bull Rally Is Far From Over

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A crypto analyst known as Yomi has noted that the Dogecoin recent price action could turn bullish after this week. According to Yomi, DOGE is on the verge of creating a golden cross on its price chart, an event that could indicate the continuation of a major bull run. He noted the need for a green candle this week in order to start a new rally, which could be tough considering recent on-chain metrics and market fundamentals.  Dogecoin Flashing Weekly Golden Cross The weekly chart for Dogecoin is flashing a…

Traders Forecast Rally, Why Is Sentiment “Down”?

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Bitcoin’s correction at the start of Q2 dragged down the Altcoins market, and a “gloomy” sentiment appears to surround investors despite Q1 2024 registering one of the best performances for the crypto market. As prices recover momentum, traders and analysts suggest a brighter future might be around the corner. Altcoins Next Stop: Altseason? On Friday, some traders shared optimistic forecasts for altcoins. According to investor Crypto Jelle, the altcoin market cap chart “looks primed to go on a massive rally in the coming months.” The investor highlights the similarities between…

Solana (SOL) Price Rally Over? What The Fundamentals Say

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Solana (SOL) has recently become a focal point of discussion among investors and analysts. After surging from below $22 to a high of $210 within six months, and currently trading at around $174—a nearly 700% increase—questions arise about the sustainability of its price rally. Despite the impressive surge, SOL remains 50% shy of its November 2021 all-time high of $260. The recent consolidation pattern over the past four weeks suggests a cooling off period. As the market looks forward, understanding the underlying fundamentals becomes crucial. Jamie Coutts, Chief Crypto Analyst…

Ethereum Price Faces Crucial Test, Can ETH Clear This Hurdle To Kickstart Rally?

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Ethereum price is consolidating above the $3,450 support zone. ETH must clear $3,560 and $3,620 to start a fresh increase in the near term. Ethereum is trading in a range above the $3,450 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the $3,420 support zone. Ethereum Price Eyes Upside Break Ethereum…

Bitcoin “Looks Healthy” After 2 Months, Backs BTC To Rally Above $74,000

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Bitcoin, one analyst notes on X, is looking healthy for the first time since the coin soared to over $70,000, printing all-time highs back in March 2024. The assessment is due to funding rates dropping to within ordinary levels, an indicator that volatility is also falling and moments of fear of missing out (FOMO) are fading.  BTC funding rate is dropping | Analyst on X Funding Rates At “Normal Levels” As FOMO Dissipates In crypto perpetual trading, the funding rate is the fee exchanged between market participants. These fees are market-determined…

Is The Bull Run Nearing its End? Marathon CEO Asserts Bitcoin ‘Halving’ Rally Already Priced In

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In anticipation of the upcoming Bitcoin Halving event, which is expected to occur later this month, Marathon Digital CEO Fred Thiel believes that the price impact may already be factored into the market to a certain extent.  Thiel shared his insights in a recent interview with Bloomberg, in which he discussed the potential catalysts for further price increases and their implications for the mining industry. Bitcoin Halving Impact Mitigated By ETF Surge?  The “halving” event, a software code update that occurs approximately every four years, is often regarded as a…

Is $80K Still Possible, or Is the Rally Over?

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Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge to $80,000 is still on the table. Source: Coingecko Bitcoin Erases Weekend Gains Just days ago, Bitcoin bulls were celebrating as the price climbed to near record highs exceeding $70,000. This bullish momentum fueled optimism,…

Bitcoin BTC Reclaims $72K; Meme Coins Rally

U.S. crypto-related stocks looked set to start the week on a positive note after bitcoin (BTC) climbed through $72,000 for the first time since mid-March as its reward halving draws closer. Coinbase (COIN), the only U.S. traded crypto exchange, gained 4.9% in pre-market trading, MicroStrategy (MSTR), the largest corporate holder of bitcoin, rose 10% and BlackRock’s bitcoin exchange-traded fund (IBIT), added around 6.5%. Bitcoin advanced 4.4% over 24 hours while the CoinDesk 20 Index, a measure of the broader crypto market, rose 4.1%. Other tokens rising on Monday included meme…