Tag: Rally

Analyst Predicts Chainlink Rally To $20 Based On This Pattern

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An analyst has pointed out how Chainlink might be breaking out of a bull flag right now, which could suggest a rally toward $20. Chainlink Is Escaping Out Of A Bull Flag Pattern Currently In a new post on X, analyst Ali pointed out a breakout that may be forming in the LINK price chart. The relevant technical pattern here is the “bull flag,” which, as its name implies, looks like a flag on a pole. This pattern forms when the asset’s price goes through a pullback after seeing a…

BNB Price Momentum Reignites – Why Bulls Could Aim For 15% Rally

BNB price gained momentum and climbed above the $250 resistance. It is up over 5% and the bulls could soon aim for a move toward the $300 level. BNB price is moving higher above the $250 resistance. The price is now trading above $255 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support at $253.5 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might continue to move up if there is a clear move above…

Bitcoin (BTC) Price and BNB Coin (BNB) Price Rally on Binance Settlement News

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ADA Price (Cardano) Breaking This Confluence Resistance Could Restart Rally

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Cardano (ADA) is moving higher from the $0.350 support. ADA could rally if there is a clear move above the $0.388 and $0.395 resistance levels. ADA price is moving higher above the $0.375 pivot level. The price is trading above $0.380 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.370 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could accelerate higher toward the $0.420 level or even $0.450. Cardano Price Rally Could Soon…

Ethereum Price Rally In Jeopardy? Decoding Key Hurdles To Fresh Increase

Ethereum price started a fresh increase from the $1,900 support. ETH is now facing resistance near $2,020, above which it could accelerate higher. Ethereum found support near $1,900 and started a decent increase. The price is trading above $1,980 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong increase if it clears the $2,020 resistance zone. Ethereum Price Faces Hurdles This past week, Ethereum price…

Is $40,000 Next? 4 Reasons Behind The Bitcoin Emerging Rally

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The Bitcoin price rally is losing strength as the cryptocurrency returns to its support levels following weeks of bullish momentum. In the short term, the landscape seems sloped to the downside, but an analyst presented the main reasons why the rally has just begun. As of this writing, Bitcoin (BTC) trades at $36,550 with a 2% loss in the last 24 hours. Over the previous week, the cryptocurrency recorded similar losses following the general sentiment in the market. Only Solana (SOL) preserved its gains during the same period. BTC’s price…

Analyst Predicts 1600% Rally To $6.5

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Crypto analyst Ali Martinez has noted Cardano (ADA) is open to an unprecedented rally. Price activity suggests that Cardano is moving into a state of consolidation, which coincides with a moderate decline in the general cryptocurrency market.  Nevertheless, the analyst is of the opinion that Cardano’s current consolidation is similar to one it had prior to a 2980% increase. If previous events are any indicator, we could see Cardano mirror this move and spike past its all-time high.  Recent Cardano Price Action Cardano is still up by 48.47% in a…

Dogecoin Jumps 10%, But This Signal Could Bring Rally To A Stop

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Dogecoin has seen a rise of about 10% during the past day, but longs are piling up on the futures market, which may be something to keep an eye on. Dogecoin Funding Rate Attains Highly Positive Values After Rally As explained by the on-chain analytics firm Santiment, DOGE traders are betting on the price rise to continue as long positions are being opened on the futures market. The indicator of interest here is the “Binance funding rate,” which keeps track of the periodic fee that Dogecoin futures contract holders on…

Factors That Indicate A DOGE Rally Is Just Starting

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According to on-chain analytics, the next strong Dogecoin rally might be closer than we think. The meme token has been giving traders mixed signals for the past month, but signs like on-chain transaction volume and DOGE’s mission to the moon are starting to point to the next surge being right around the corner.  Despite the majority of cryptocurrencies being in the red over the past 24 hours as consolidation and modest selloffs continue, Doge has managed to post a gain of 6.87%.  Dogecoin Transaction Volume Spikes Price activity indicates that…

Bitcoin Rally To $37,000 Sparks Open Interest Surge

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An apparent increase in demand for safe-haven assets, rising interest in Bitcoin ETFs in the US, and anticipation of a more accommodating position from the Federal Reserve were the purported drivers of the cryptocurrency market’s recovery this year, which led to a significant gain in the value of Bitcoin. While the spot and futures markets for bitcoin were at the center of attention at first, options related to the cryptocurrency have recently come to the fore. By introducing a new facet to the market dynamics, these options give a convenient…