Tag: Rally

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

boss

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?

boss

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

boss

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

boss

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

boss

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…

Analyst Predicts Price Rally To $22

Despite the XRP price’s recent decline, Crypto analyst Egrag Crypto has provided a reason to believe that this presents the perfect opportunity to accumulate more of the token rather than lose conviction in its potential.  XRP On Its Way To $22 Soon? Egrag recently hinted in an X (formerly Twitter) post that XRP could rise to $22 soon enough. The accompanying chart he shared showed that the crypto token will hit this price level if it follows the green route, which the analyst has constantly alluded to. In an X…

Bitcoin Set For ‘Dullest Rally’ With A Twist, Whale Forecasts

boss

Bitcoin has been unable to retain its bullish momentum and seems likely to extend its current downside trend. However, the long run remains positive, and the next months could see BTC reach its all-time high, but in a different fashion than in previous rallies, according to a large investor. As of this writing, Bitcoin trades at $42,000 with a 1% loss in the last 24 hours. Over the previous week, the cryptocurrency still records a 5% profit. BTC’s price trends to the upside on the daily chart. Source: BTCUSDT on…

Bitcoin Set For Weekend Rally Amid New Banking Crisis: Hayes

boss

Arthur Hayes, the founder of BitMEX, has offered an in-depth analysis of the current financial landscape and its potential impact on Bitcoin, especially in light of the recent challenges faced by New York Community Bancorp (NYCB) and the broader banking sector. Hayes’s analysis draws on the complex interplay between macroeconomic policies, banking sector health, and the cryptocurrency market. His comments are particularly insightful given the recent developments with NYCB. The bank’s stock plummeted by 46% due to an unexpected loss and a substantial dividend cut, which was primarily attributed to…

Why “Overbought” Bitcoin Could Trigger A 107% Rally

boss

Bitcoin price had previously been showing extreme strength leading up until the debut of the first spot ETFs. That strength has since subsided, leading to a 20% correction in BTCUSD. A popular technical indicator that measures momentum, however, could point to powerful continuation to the upside, but only if a certain level is breached. Keep reading to learn more about the Relative Strength Index and how the top cryptocurrency behaves once the market reaches an “overbought” level. Bitcoin Approaches “Overbought” And Why This Isn’t A Bad Thing The Relative Strength…