Tag: Rally

Bitcoin MPI Forms Death Cross, End of The Rally?

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On-chain data shows the Bitcoin Miners’ Position Index (MPI) has formed a death cross recently, a sign that the asset’s rally may end. Bitcoin MPI Has Formed A Bearish Crossover Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the 365-day moving average (MA) of the BTC MPI has crossed above the 90-day recently. The “MPI” here refers to an indicator that measures the ratio between the miner outflows and the yearly MA. The “miner outflows” are the amounts these chain validators transfer out of their combined…

XRP Price Bloodbath On The Horizon? Report Casts Doubt On Rally

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Over a billion dollars in liquidations sent the XRP price and the crypto market back from the dead and into local highs. However, new data suggests the rally might be short, pushing down the nascent sector into critical support. As of this writing, the XRP price trades at $0.5 with a 4% profit in the last week. The cryptocurrency rallied in the previous 24 hours but has been retracing its steps over the past few hours, hinting at potential losses unless buyers step in and defend these levels. XRP’s price…

13% Rally Driven By Fresh Demand

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The price of Bitcoin Cash has experienced significant rise over the course of the last 30 days, resulting in favorable returns for investors. Since July, BCH holders have continuously maintained a positive perspective, which has reduced the frequency of selling activity. This collective sentiment has played a significant role in the upward trajectory of BCH, consequently yielding favorable outcomes for these holders. The price of BCH has increased by about 13% over the previous week, giving it some of the biggest gains in the last seven days for cryptocurrency assets.…

Analyst Predicts 130% Rally To $18

The LINK price is no stranger to bullish rallies, and in September alone, the token has gone from a low of $5.8 to a peak of $7.9. Even now, bullish momentum among enthusiasts has not waned, especially with a 130% price increase prediction from a crypto analyst. LINK Price Prediction Ahead Of October In the analysis posted to TradingView, pseudonymous analyst Babenski explains the reasoning behind the $18 surge presented in their chart. First, it points to the $5.8 low that was recorded back in mid-September which is identified as…

This Bullish Combination Has Finally Formed For Bitcoin, Rally Ahead?

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On-chain data shows that a bullish combination has just formed for Bitcoin, which may signal that a rally could be ahead for the asset. Sharks & Whales Are Accumulating Both Bitcoin, Tether Right Now According to data from the on-chain analytics firm Santiment, both the sharks and whales of BTC and USDT have been accumulating recently. The metric of interest here is the “Supply Distribution,” which keeps track of the total amount of a given asset that the different holder groups carry. In the current topic, sharks and whales are…

MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges

Bitcoin has recovered over the last day after gaining momentum from the Valkyrie Ethereum ETF news and pulling up the likes of the MATIC price. This has led to a rare green day for the cryptocurrency market in as many months but MATIC may not be able to hold as well as other altcoins as whales make their move. Whales Move Tens Of Millions To Exchanges The first notable whale transaction involving MATIC was flagged by Lookonchain on Wednesday. The transaction was carrying 10.78 million tokens at the time worth…

TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

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Tron price is gaining pace above $0.0850 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.092. Tron is moving higher above the $0.0850 resistance level against the US dollar. The price is trading above $0.0862 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0855 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.092 or even $0.095. Tron Price Regains Strength In the…

Bitcoin Price Breaks Higher, Is the Rally Just Getting Started?

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Bitcoin price is gaining pace above the $26,700 resistance. BTC is consolidating above $26,800 and might continue to rise above the $27,200 resistance. Bitcoin gained pace above the $26,500 and $26,700 resistance levels. The price is trading above $26,700 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $26,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher above the $27,200 resistance zone. Bitcoin Price Aims Higher Bitcoin price remained stable above the…

Ethereum-Based Altcoin Quietly Pulls Off 242% Rally This Month Amid Support from Crypto Exchange Gate.io

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One altcoin project has pulled off a more than 240% rally this month and secured a listing by a leading crypto exchange platform. The Loom Network (LOOM) kicked off September trading at a low of $0.038 and 25 days later soared to a high of $0.13, a 242% percent increase. LOOM has since retraced slightly and is trading for $0.11 at time of writing. Amid the strong performance, leading global crypto exchange Gate.io announced this week it was listing LOOM for trading. The Loom Network is a multichain interoperability platform…

TRX Could Rally To $0.095 and Outperform Bitcoin

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Tron price is holding gains above $0.0825 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.095. Tron is moving higher above the $0.0825 resistance level against the US dollar. The price is trading above $0.0830 and the 100 simple moving average (4 hours). There is a short-term contracting triangle forming with resistance near $0.0844 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.088 or even $0.095. Tron Price Eyes Upside Break In the…