Tag: Rally

Terraform Labs’ strategic move fuels USTC and LUNC rally

This week, Terraform Labs’ Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) have recorded gains of over 130% and 235%, respectively.   Recall that Terraform Labs, the web3 project in charge of the Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) altcoins, strategically deployed $10 million worth of assets across three distinct liquidity pools in November.  This move laid the groundwork for the bullish momentum experienced by USTC and LUNC, demonstrating the profound impact strategic maneuvers can have on the crypto landscape. Crypto analysts comments  Adding a layer to the narrative, a popular…

3 reasons why Chainlink price can rally another 20% by New Year’s

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Chainlink (LINK) price has rebounded by over 240% from its yearly low of around $4.70 in June 2023. It may rise further still in the coming days and weeks, according to a slew of on-chain and technical indicators, as discussed below. LINK price nears ascending triangle breakout LINK’s price has been consolidating inside what appears to be an ascending triangle pattern since November 2023. Ascending triangles are bullish continuation patterns when formed during an uptrend. They resolve when the price breaks above the upper trendline and rises by as much…

Ethereum Price Momentum Reignites, RSI Signals Rally To $2,200

Ethereum price remained well-bid above the $2,020 level. ETH is now rising, and the bulls seem to be aiming for a move toward the $2,200 level. Ethereum is making a fresh attempt to clear the $2,100 and $2,120 resistance levels. The price is trading above $2,050 and the 100-hourly Simple Moving Average. There was a break above a major contracting triangle with resistance near $2,055 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $2,120 resistance zone. Ethereum Price…

Polygon Whales Go On 120 Million MATIC Buying Spree, Rally Soon?

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On-chain data shows the Polygon whales have loaded up on 120 million MATIC during the past week, a sign that could be bullish for the asset’s price. Polygon Whales Have Increased Their Holdings Recently As pointed out by an analyst in a post on X, MATIC whales have made a decent amount of buys during the past week. The relevant indicator here is the “Supply Distribution,” which keeps track of the total amount of Polygon that the different holder groups are carrying in their wallets right now. In the context…

Avalanche Rally Just Getting Started?

AVAX price is showing positive signs above the $20 support. Avalanche bulls seem to be in control, and they might aim for a rally toward $25. AVAX price is showing positive signs above the $20 level against the US dollar. The price is trading above $21 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $20.60 on the 4-hour chart of the AVAX/USD pair (data source from Kraken). The pair could continue to rise if there is a clear move…

Ethereum Price Rally In Jeopardy? Key Supports To Watch Out In Short-Term

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Ethereum price corrected lower below $2,050. ETH is now consolidating above the $2,020 support and might start a fresh increase in the near term. Ethereum is still struggling to climb above the $2,075 and $2,080 resistance levels. The price is trading below $2,050 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the 100-hourly Simple Moving Average and then $2,075.…

Is Another 31% Rally Coming?

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On-chain data shows that a Chainlink signal that last preceded a 31% rally for the asset’s price has just reversed. Chainlink Age Consumed Metric Has Observed A Sharp Spike Recently According to data from the on-chain analytics firm Santiment, LINK has recently seen a significant movement from old coins. The relevant indicator here is the “Age Consumed,” which tells us whether the dormant Chainlink tokens are on the move or not right now. When the indicator’s value registers a large spike, it’s a sign that the blockchain is currently observing…

Solana Bulls Ready To Charge As Analyst Predicts Rally Past $80

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Positive events have come for Solana (SOL), the high-performance blockchain network, indicating bullish momentum. In the last month, the price of Solana has risen by 84%, and is currently trading at $56. With gains of 18 out of the previous 30 days and price volatility of 22.32%, Solana is still a force to reckon with. In that span of time, SOL’s price surged by a staggering 78%, from $32 to $57. The ecosystem is much more excited now that Binance has listed BONK, a meme coin based in Solana. Further…

Santiment Reveals Trigger Behind Bitcoin Rally: Will This Signal Reignite?

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The on-chain analytics firm Santiment has explained how Tether (USD) and USD Coin (USDC) exchange inflows preceded the recent Bitcoin rally. Bitcoin Rally May Restart If Stablecoins See Further Exchange Deposits In a new post on X, Santiment discussed the trend in the supply of exchanges of various assets in the cryptocurrency sector. The “supply on exchanges” is an indicator that keeps track of the percentage of the total circulating supply of the given coin currently sitting in the wallets of all centralized exchanges. The below chart shows the trend…

Analyst Identifies Pattern To Trigger Rally To ATH

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The Ethereum price has been trading more than 50% below its all-time high of $4,800 for the better part of a year now with no sign of returning to its previous all-time high. However, this slow trend may not continue for much longer as a crypto analyst has identified a pattern that could trigger a rally to its previous highs. Ethereum Stuck Inside A Bullish Triangle In an analysis that was posted on TradingView, crypto analyst FieryTrading identified a unique pattern that the Ethereum price has been trading in for…