Tag: Rally

Bitcoin Puell Multiple At Crucial Juncture: Will Retest Save Rally?

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On-chain data shows the Bitcoin Puell Multiple indicator is currently retesting a crucial level that may end up deciding the fate of the latest rally. Bitcoin Puell Multiple Is Now Retesting Its 365-Day Moving Average As explained by an analyst in a CryptoQuant Quicktake post, the interaction of the Puell Multiple with its 365-day moving average (MA) can indicate trends in the market. The “Puell Multiple” refers to an indicator that keeps track of the ratio between the daily revenue of the Bitcoin miners (in USD) and the 365-day MA…

Bitcoin NVT Golden Cross Shoots Bullish Signal, Rally To Restart?

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Data shows the Bitcoin NVT Golden Cross indicator has recently dipped inside the undervalued zone, a sign that could be bullish for the price. Bitcoin NVT Golden Cross Has Entered The Bullish Territory An analyst in a CryptoQuant Quicktake post explained that the NVT Golden Cross has recently indicated upside potential. The “Network Value to Transactions” (NVT) is an indicator that keeps track of the ratio between the Bitcoin market cap and transaction volume. This metric is often used to determine whether the current price is fair. When the NVT…

Solana likely to rally; GFOX presale targeting $5m

The Ethereum (ETH) rally has dominated markets, following Bitcoin’s (BTC) sustained rally since June last year. Typically, liquidity flows to BTC, then ETH, and, lastly, altcoins, washing down from majors to small caps. If the second liquidity flow has started, it is only a matter of time until other top 10 crypto coins start their respective rallies.  Investors should target the strongest major and a strong front-runner in the micro caps, ideally a presale.  Meanwhile, Solana (SOL) could see another rally based on ecosystem growth, and the Galaxy Fox (GFOX) presale…

Reasons Behind The Crypto Rally

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Chiliz (CHZ), the crypto powering fan engagement in sports and entertainment, is on fire, erupting 45% in the past week and leaving both fans and analysts cheering. This meteoric rise isn’t just about passion play though, with hard data pointing to growing institutional interest and even whale whispers driving the rally. CHZ price action today: Source: Coingecko Chiliz Volume, Open Interest Soar The past 24 hours have been particularly wild, with CHZ surging over 20% and trading volume spiking a staggering 490%. This translates to a whopping $370 million worth…

Cantor CEO Makes Gold And Bitcoin ETFs Comparison, Foresees True Rally With Halving

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In a highly anticipated development, the United States Securities and Exchange Commission (SEC) granted regulatory approval for 11 spot Bitcoin ETFs, sparking excitement within the crypto community.  However, despite initial expectations of a significant price surge, the Bitcoin market has experienced an 8% price drop since the ETFs began trading. Bitcoin ETFs To Unfold Impact Over Time?  Drawing a comparison with the launch of the first Gold ETF, Cantor Fitzgerald Asset Management CEO, Howard Lutnick, noted that the immediate rush to buy the asset did not materialize. Lutnick remarks that…

Solana drops 7% after rally, what’s next for SOL?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana has experienced bearish momentum this week as it retraces by 7%. But the move has sparked fears of further downside after breaking below $100.  Will SOL recover to continue its rally, or are new lows imminent? Traders back Solana Market participants are notably bullish on the upcoming weeks and months for crypto, with this sentiment spilling over into Solana despite its recent pullback. Currently, Solana is trading at…

Analyst suggests Shiba Inu primed for a rally following spot Bitcoin ETF news

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Despite a recent flat market, SHIB sees the beginning of what Luckside Crypto predicts will be a good week of rallying for the memecoin. According to the Jan. 16 video, the market is starting to see a little bit of excitement following the news of spot Bitcoin ETF approval and the positive sentiment that was reported on Jan. 13, and now, any news around the Coinbase case, which is expected on Jan. 17, the day of the exchange’s federal court date in Manhattan. The SEC is accusing the exchange of violating national…

Dogecoin To See 24% Rally To $0.100 If This Holds: Analyst

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An analyst has explained that Dogecoin could rally towards $0.10 based on a pattern forming in its price if a support cluster continues to hold. Dogecoin Has Observed A Buy Signal On Its 3-Day Chart As explained by analyst Ali in a post on X, a TD-Sequential buy signal recently appeared for DOGE on its 3-day price. The “Tom Demark (TD) Sequential” here refers to an indicator in technical analysis that helps pinpoint locations of probable tops and bottoms in any asset’s price. This indicator is made up of two…

Decentralized Exchange Altcoin Flashing Signs of Upcoming Rally, Says Crypto Trader – Here’s His Forecast

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A closely followed crypto strategist believes that a decentralized exchange (DEX) altcoin is flashing signs that it could be about to take off on a bullish rally. The trader Ali Martinez tells his 40,400 followers on the social media platform X that GMX looks primed to break out from an inverse head-and-shoulders pattern, a technical analysis chart formation that could signal a trend reversal. “If we see a consistent three-day candlestick close above $59, this could be the trigger for a bullish rally that propels GMX toward an ambitious target…