Tag: Rally

Stellar (XLM) Poised To Rally Due To Ukraine’s E-Money Pilot

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The Stellar (XLM) price remains in a long-term downtrend. After seeing an all-time high of nearly $0.81 on May 10, 2021, XLM’s price has fallen massively. Currently, XLM is 90.6% down from its ATH. Since October 2021, Stellar has also been in a descending trend channel. At press time, XLM was trading at $0.0822. Thus, the price is showing initial signs of strength and could make a first attempt to break through the upper line of the trend channel at $0.10. What would probably be needed is a clear move…

SOL Could Extend Rally Above $18

Solana is showing bullish signs above $15 against the US Dollar. SOL price could extend its rally above the $18 and $20 resistance levels. Sol price started a fresh increase above the $15 and $16 levels against the US Dollar. The price is now trading above $16 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $15.90 on the 4-hours chart of the SOL/USD pair (data source from Kraken). The pair could rise further if it stays above the $15.00 and…

Bitcoin Jumps Another 4% Hitting Its Longest Rally Since 2020 Pandemic

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Bitcoin price rally follows the growing cheer on Wall Street amid the cooling down of inflation and the expected softening stand by the Fed ahead. Bitcoin and the broader cryptocurrency market registered a fresh rally on Wednesday, January 11. The world’s largest cryptocurrency gained over 4.5% in a single day moving past $18,200 levels. New Bitcoin Rally It is for the ninth straight day that the Bitcoin (BTC) price has ended in the green. This also marks the largest winning streak for Bitcoin since the pandemic days of 2020, reported…

Avalanche Impresses With 32% Rally

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The crypto rally that greeted the new year has definitely brought gains to the world of altcoins. According to CoinMarketCap data, most huge gains were made by altcoins in the past 30 days. AVAX, native token of the Avalanche blockchain, is one of them with gains of up to 32% in the seven days.  The rally came as major cryptos like Bitcoin and Ethereum all registered gains and increased investor sentiment. Although the fear, uncertainty, and doubt of the last year’s bear market is still present, the increasing chance of…

FTX Finds $5B, Bitcoin Extends Rally

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Bitcoin (BTC): The largest cryptocurrency by market value was recently trading at the $17,500 level, almost the same from the past 24 hours. In futures trading, the three-month BTC futures listed on the Chicago Mercantile Exchange, widely considered a proxy for institutional activity, are drawing a premium over the cryptocurrency’s going spot market price for the first time since FTX went bust. Equities closed higher as traders eyed Thursday’s U.S. inflation report. The tech-heavy Nasdaq Composite closed up 1.7%, while the S&P 500 and Dow Jones Industrial Average (DJIA) were…

Bitcoin price rally to $18K possible as $275M in BTC options expire on Friday

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Bitcoin (BTC) price jumped to $17,500 on Jan. 11, driving it to its highest level in three weeks. The price move gave bulls control of the $275 million BTC weekly options expiry on Jan. 13, as bears had placed bets at $16,500 and lower.  The recent move has permabulls and dip-buyers calling a market bottom and potential end to the bear market, but what does the data actually show? Is the Bitcoin bear market over? It might seem too pessimistic to say right now, but Bitcoin did trade below the…

Litecoin Could Rally 285% Pre-Halving Based: Historical Data

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While the Bitcoin halving is not expected until March 13, 2024, according to Coinwarz data, Litecoin investors can already look forward to the traditionally bullish event as soon as this year. According to NiceHash’s estimate, the Litecoin halving will take place in 189 days, on July 19, 2023. The approaching halving has prompted analyst Rekt Capital to examine Litecoin’s historical price trends before and after the halving in order to provide a prediction for the coming months. 285% Litecoin Rally In The Cards? Rekt Capital notes that LTC tends to…

Bitcoin price taps $17.5K as traders in ‘disbelief’ doubt crypto rally

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Bitcoin (BTC) staged a brief but promising return to $17,500 overnight on Jan. 11 as newfound strength lingered. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin fails to win over skeptical traders Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local highs of $17,504 on Bitstamp. Almost tying with the peak from Dec. 16, the pair displayed rare upside momentum against a backdrop of some of the lowest volatility ever seen over the holiday season. Now, traders and analysts anticipate an erratic reaction to upcoming macroeconomic data…