Tag: Rally

Solana’s Rally Continues As SOL Overtakes Polygon (MATIC) in Daily Decentralized Exchange Volume

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Ethereum (ETH) competitor Solana (SOL) is sustaining its upward momentum as it overtakes layer-2 scaling solution Polygon (MATIC) in daily decentralized exchange (DEX) volume. New data from blockchain tracking platform Artemis reveals that the smart contract platform has surpassed MATIC in both overall DEX volume and the number of daily transactions. Artemis’ data shows that as of yesterday, Solana had a DEX volume of about $240.5 million, outpacing Polygon’s $137.5 million. The numbers also show that Solana greatly surpassed Polygon – and other digital assets such as ETH and Avalanche…

XRP And Shiba Inu Rally Is Not Over According To This Indicator

The crypto industry saw a spectacular run in October, as a few cryptocurrencies like Bitcoin and Solana registered new yearly highs. However, the entire market seems to be taking a breather after this action-packed October that saw Bitcoin, XRP, and Shiba Inu lead impressive rallies.  On-chain data, particularly from the crypto analytics platform Santiment, showed October ended on a somehow bearish note. But history from this particular metric suggests that the rally might not be over.  XRP And Shiba Inu Rally Not Over The first few days of November appear…

Can Dogecoin Rally 135%? Here’s What Needs To Happen

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In a recent analysis, crypto analyst Rekt Capital has pinpointed the signs of a potential breakout in the Dogecoin (DOGE) price, which could pave the way for a significant price rally. However, several factors must come together for this scenario to unfold. Dogecoin Price Ready For A Breakout? Rekt Capital has shared the following 1-week DOGE/USD chart. According to his analysis, Dogecoin’s price movement has been confined within a descending channel pattern since its peak at the end of last year. This pattern is characterized by two parallel trendlines, representing…

Bitcoin Price Rally Was Not ETF-Driven: QCP Reveals Reason

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In their latest market update, QCP Capital, a crypto asset trading firm headquartered in Singapore, has dissected the recent Bitcoin price movements, attributing the rally to macroeconomic factors rather than the much-anticipated approval of a spot ETF. To recall, the Bitcoin surged from $34,500 to almost $36,000 on Wednesday. The Main Reason For The Bitcoin Price Rally The firm’s technical analysis highlighted that Bitcoin reached the 38.2% Fibonacci retracement level at $35,912 and touched the upper channel trendline before retreating, a move that was keenly observed by market participants. Bitcoin…

Matrixport Analysts Expect Bitcoin Price to Rally Another 65% to $56K by EOY

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Having maintained a bullish outlook YTD, Bitcoin price is very likely to continue in the same momentum in the next eight weeks based on historical trends studied by Matrixport. Bitcoin (BTC) price has already made several surprising moves in the past year, and market experts at Matrixport led by Markus Thielen, the company’s head of research and strategy, think another bullish breakout towards $56K is plausible by December 31. The analysts at Matrixport based their forecast on historical performance whereby Bitcoin price tends to follow the bullish momentum obtained during…

Expert Eyes 1,500% Rally Signal From Past

Crypto analyst Egrag recently delved into the XRP price charts and spotlighted signs that suggest a possible rally of more than 1,500% is on the horizon. The focus of this analysis is the ASO (Average Sentiment Oscillator), a metric that traders employ to determine market sentiment. XRP Price Rally Of 1,500%+ Ahead? Egrag’s monthly XRP/USD chart showcases the convergence of the blue line, symbolizing bulls, and the red line, representing bears. A month ago, Egrag had marked a yellow box on his chart, predicting the bullish crossover to take place…

Bitcoin Cash Rally Threatened As Exchange Drops BCH Following XRP Listing Rumors

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Bitcoin Cash has followed the general growth trend of Bitcoin with the price almost clearing the $250 resistance before being rejected. Even though BCH maintains this bullish momentum, it is not completely in the clear following its delisting from one crypto exchange. EDX Markets Delists Bitcoin Cash In another unexpected blow, Bitcoin Cash (BCH) has been delisted from the EDX Markets crypto exchange. Users had first suspected that the exchange was ending support for BCH and rumors spread like wildfire through social media. Eventually, the crypto exchange will confirm these…

Solana Price’s 40% Rally Persuades Detractor, Arthur Hayes Makes Confession

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Supported by a spike in volatility, the Solana price has skyrocketed from its yearly lows into a new high. The bullish momentum left some players in disbelief, while others capitulated to the price action and tried to capture some of the profits. As of this writing, SOL trades at $40 with sideways movement in the last 24 hours. Over the previous week, the cryptocurrency recorded a 30% profit, but the monthly chart saw a 70% increase, while other tokens hardly saw double-digit gains. SOL’s price trends to the upside on…

Analyst Raises Red Flag On Bitcoin Rally, Predicts Imminent Retreat After 35% Spike

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As Bitcoin (BTC) continues to consolidate above the $34,000 mark, aiming to surpass and reclaim its yearly high, theories suggest that a retracement may follow the current upward spike in the coming weeks.  On this matter, the renowned crypto analyst known by the pseudonym “Crypto Soulz” recently shared insights on the potential short-term retracement for Bitcoin in a recent post on X (formerly Twitter). BTC’s Local Top At $36,000 Signals Potential Reversal According to Crypto Soulz, a key resistance level for Bitcoin is identified at $37,370. The analyst suggests that this…