Tag: Rally

Bitcoin must stay above $43k for stronger rally: analyst

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After an impressive eight-week rally, propelling Bitcoin (BTC) from $27,200 to over $44,000, the cryptocurrency is now facing a possible massive correction. That’s according to analyst Justin Bennett. The “Daily Price Action” host expressed concern about Bitcoin’s current state, emphasizing the significance of staying above $43,300. Meanwhile, rising network fees and debates over Bitcoin Ordinals and BRC-20 tokens add complexity to the crypto landscape. Bitcoin is on the verge of correction   In a recent post on X, Bennett points out a less optimistic outlook for Bitcoin, stating that the BTC price…

Analyst Predicts 7500% Rally To $2.3

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Popular crypto analyst EGRAG just predicted a massive 7,500% rally that will send VET soaring to $2.3. VeChain (VET) is currently trading at $0.02945, but according to this analyst, the crypto is set for a price growth that would send it on a price growth into three sequential price targets.   EGRAG Predicts VET To Hit $2.3 VET’s price has had its ups and downs this year, reflecting the general market volatility of crypto assets this year. The crypto went on a price spike very early in the year, going on…

Polygon (MATIC) Price Faces Crucial Turning Point That Could Trigger 50% Rally, Analyst Says

Polygon (MATIC) is the altcoin in focus this time around as an analyst provides an analysis of the crypto token. Based on this analysis, there is a feeling that things could soon begin to look up for MATIC. Polygon Could See Significant Rally Soon In a video shared on the Cheeky Crypto YouTube Channel, crypto analyst JB noted that MATIC has declined following Bitcoin’s pullback. However, this move is unexpected as he believes that the crypto token’s decline to the particular retracement area sets it up nicely for an upward…

Osmosis Rally Intensifies With 72% Rally

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The price movement of OSMO has demonstrated significant volatility, moving through a largely bearish trend for the most part of the year. But in the last three months, the cryptocurrency has shown signs of a strong comeback and is now entering a phase of strong recovery. Currently, a wide range of technical indicators are available to traders, each of which presents a complex picture of the possible future paths for the OSMO price. Together, these signals create a mosaic of information that help traders traverse the complicated environment in which…

Bitcoin and Altcoins Market Rally Resumes Following Fed Interest Rate Announcement

Although the price spikes following the Fed announcement cleared recent bearish drawdowns and provided support levels, uncertainty remains over the sustainability of the increases. The prices of major cryptocurrencies, including Cardano (ADA) and Solana (SOL), have seen fluctuations around the latest Federal Reserve announcement on interest rates. On December 13th, 2023, the Fed decided to keep rates within a target range of 5.25–5.50%, leading to an initial boost in the price of Bitcoin (BTC) and some altcoins. Following the news, BTC spiked 2.2% to reach $43,400, reflecting an overall sense…

SOL Price Resumes Rally, Here’s Why Solana Could Pump 20%

Solana stayed above the $65 support and started a fresh increase. SOL price is likely setting up for more gains above the $75 and $80 resistance levels. SOL price started a fresh rally above the $68 resistance before the bears appeared against the US Dollar. The price is now trading above $68 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $65.50 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair is up nearly 10%…

Starknet, LayerZero, and More Fuel Crypto Rally with Token Releases

Loyal readers of The Protocol will recall our riff in last week’s issue, headlined “Bitcoin Censorship, or Just ‘Spam Filtering?‘” The gist of the story is that some Bitcoin purists are trying to keep the oldest and largest blockchain free from non-financial transactions – such as the text snippets and images that some people are “inscribing” onto the blockchain via the Ordinals protocol, launched late last year. The drama ratched up recently when Ocean, a new bitcoin mining pool backed by Jack Dorsey and co-led by a longtime Bitcoin developer,…

Santiment Points Out Trigger Behind 65% Cardano Rally

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The on-chain analytics firm Santiment has revealed a Cardano pattern that may have contributed as a trigger for the recent 65% rally in ADA’s price. Cardano Observed A Sudden Loss Of Wallets Prior To Rally As explained by Santiment in a post on X, ADA witnessed a large number of small wallets clear themselves out last month. The relevant indicator here is the “Supply Distribution,” which keeps track of the total amount of Cardano wallets that belong to the different groups in the market. The wallets or investors are categorized…