Tag: Rally

Hedera’s 15% Price Rally at Risk as SHORT traders Dominate

HBAR price rose 15% on Feb. 6 to reach a 20-day peak of $0.78, hours after the Hedera team confirmed a $250 million agreement with the Saudi Arabian Ministry of Investment. Hedera’s recent five-year partnership agreement with the Saudi Arabian government has initiated positive price action. But notably, a vital market metric suggests derivatives traders could scuttle the HBAR price rally.  Hedera price soared 15% as investors reacted to Saudi partnership  HBAR price has been trending down since the crypto market correction that heralded the Bitcoin ETF approval in mid-January.…

Ethereum may hit $2.8k in February, new altcoin to also rally

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rekt Capital, a crypto analyst, is bullish, expecting Ethereum (ETH) to hit $2,800 in February. Meanwhile, the Bitcoin Minetrix presale also looks bullish, surging past $10.3 million.  Ethereum stable, bulls target $2.8k ETH is stable above $2,274, but Rekt Capital says the coin is on a path to $2,800. Taking to X, the analyst said the coin will “repeat last month’s move”, referencing developments in the monthly chart. Currently,…

What’s Ahead For Bitcoin? Expert Forecasts Pre-Halving Rally As Early As Next Week

Bitcoin (BTC), the largest cryptocurrency in the market, has seen its price hover between $42,000 and $43,000, halting its recovery from the dip below $38,500.  With the upcoming halving event scheduled for April, market experts and crypto analysts such as Rekt Capital are observing historical patterns that suggest an interesting price action scenario, potentially igniting another significant price surge for Bitcoin. Pre-Halving Rally For Bitcoin Imminent?  Rekt Capital, known for its expertise in analyzing market trends, highlights the significance of historical patterns about previous halving events. These patterns reveal a consistent…

LUNC Price Rally Is Far From Over Following Falling Wedge Breakout, Analyst Says

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Over the weekend, the LUNC price saw some of the most bullish price action that sent its price soaring over 20%. This rally eventually brought the price above $0.0001 after struggling around $0.00009 for the last two weeks. However, the tides seem to be completely changing for the altcoin, as one analyst expects the rally to continue. Prepare For The LUNC Price To Double The LUNC price, despite having risen so much, is still showing signs of a continuation. This is evident in the Falling Wedge Breakout that was confirmed…

LINK Poised For 38% Rally If It Clears This Key Resistance

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Decentralized oracle network Chainlink (LINK) has been making significant strides in the altcoin market, outperforming its peers with an impressive 44.8% price increase over the past 30 days.  Surging to a 24-month high, the cryptocurrency has inched closer to the $20 mark, attracting the attention of bullish investors. Notably, the uptrend for LINK may be far from over, as it can potentially record a substantial 38% price gain by breaking through a critical resistance level. Chainlink Trading Volume Skyrockets Crypto analyst Ali Martinez indicates that Chainlink faces formidable resistance between…

Bitcoin CDD Shows Bullish Breakout, Rally Returning In Full Flow?

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On-chain data shows a bullish breakout brewing in the Binary CDD indicator for Bitcoin, a sign that a strong price rise could be ahead for the asset. Bitcoin Binary CDD Is Breaking Out Of Accumulation Zone As pointed out by an analyst in a CryptoQuant Quicktake post, the Binary Coin Days Destroyed (CDD) appears to be forming a pattern for the cryptocurrency that has usually been the starting point of a bullish trend. A “coin day” refers to a quantity that 1 BTC accumulates after staying dormant on the blockchain…

Chainlink 30% Rally Makes It The Hot Investment Trend

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In a notable shift away from Bitcoin, altcoins have garnered the attention of investors, leading to a slight increase in market caps, despite an overall decrease in trading volumes. Among the altcoins, Chainlink (LINK) has emerged as a standout performer, displaying impressive resilience and attracting substantial holders and institutions. Chainlink Surges, Whales Accumulate Amid Market Shift Chainlink, known as the leading Oracle network in the blockchain space, has not only outpaced the broader market but has also demonstrated impressive individual performance. Over the last 24 hours, LINK has experienced a…

Bitcoin Hovers Over $43K, Chainlink Extends Rally

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Bitcoin (BTC) traded little changed, hovering just over $43,000 on Monday, while altcoins gained. Chainlink’s CHAIN has added 7% over the past 24 hours after surging to a 22-month high Friday, ending a three-month bull breather for the token of the leading decentralized oracle network. “Traditional financial institutions need data, compute, and cross-chain capabilities to adopt blockchains and tokenized RWAs at scale. Only the Chainlink platform provides all three,” Chainlink said on X last week. Also advancing was Flare Network: The EMV-compatible layer 1’s FLR token rose just under 7%.…

BNB Price Increase To Continue? This Resistance Could Trigger Fresh Rally

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BNB price is attempting a fresh increase from the $288 zone. The price could start a fresh rally if there is a clear move above the $310 resistance. BNB price is showing bullish signs above the $300 pivot level. The price is now trading below $310 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $306 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair gather bullish momentum if there is a close above the…

353k Non Farm Payrolls Jump Could Trigger Crypto Market Rally

The global crypto market capitalization rebounded above the $1.6 trillion milestone on Feb. 2 as the latest non-farm payrolls figures cast doubt on U.S. Fed Chief, Jerome Powell’s recent comments.  The job figures in the latest non-farm payrolls report suggest crypto bulls could position for positive price action.   Powell’s comments send crypto prices into $90 billion tailspin  On Feb. 1, the global crypto market capitalization dipped toward the $1.5 trillion area. This came barely 48 hours after Powell made controversial statements suggesting postponing rate cuts beyond March 2024, as widely…