Tag: Rally

Bitcoin Price Poised To Continue Its Rally As Whales Pivot

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The bitcoin price has seen a minor rally ahead of yesterday’s FOMC meeting and has held relatively strong despite the hawkish outlook from the US central bank.  A look at the daily chart of BTC shows that the price managed to hold above $18,600. After an exuberant euphoria following the release of CPI data, bitcoin seems ready for a consolidation phase for now. In the daily chart, the bitcoin price was rejected at $18,220. Therefore, it seems likely that bitcoin will go through consolidation for now and look for a higher…

Ethereum Price To Remain Sluggish Before It Attempts A Rally

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The Ethereum price has moved in the same direction as the broader market. In the last 24 hours, Ethereum has moved up by 2.5%. On the weekly timeframe, the altcoin has rarely registered any movement. This reflects lateral trading for ETH. In the short term, the altcoin might be registering gains, but as the technicals indicate, the coin can depreciate again before it rallies. Accumulation has been considerably low on the chart. Buying activity must significantly increase if ETH is to break above the $1,300 price mark. Even though ETH…

Latest Ethereum Short Price Rally, Courtesy Of Whale Activities?

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Ethereum has been showing bullish momentum in the last seven days. ETH has gained momentum in the past 24 hours, while other coins are still declining. This rally supports some theories that the asset will rise above the resistance level in the coming days. Weeks after a massive fallout, the second largest cryptocurrency is heading towards a comeback. The FTX crisis, with other macro factors, affected the entire crypto market, with many assets crashing flat. Although there are many uncertainties in the crypto market, hope seems to be returning to…

Ethereum Price Bulls Hold Strong, Indicators Suggest Fresh Rally To $1,400

Ethereum bulls defended the $1,220 support zone against the US Dollar. ETH is rising and might aim a strong bullish wave above the $1,300 resistance zone. Ethereum remained well bid and strong above the $1,220 zone. The price is now trading above $1,250 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,245 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing positive signs and might eye an upside break above the $1,300 resistance.…

Santa Came Early In Crypto? Bitcoin Rally May Have Passed

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Bitcoin saw positive price action recently but failed to follow through and could remain rangebound for December. The cryptocurrency rose from a new yearly low at $15,500, and market participants were expecting further profits, but the market has stalled.  As of this writing, Bitcoin is moving between $16,900 and $17,100. The cryptocurrency still maintains profits from its previous week, but today’s trading session has leaned towards the downside.  BTC’s price moving sideways on the daily chart. Source: BTCUSDT Tradingview No Christmas Miracle For Bitcoin? In a recent market update, trading…

Santa Came Early In Crypto? Bitcoin Rally May Have Passed

boss

Bitcoin saw positive price action recently but failed to follow through and could remain rangebound for December. The cryptocurrency rose from a new yearly low at $15,500, and market participants were expecting further profits, but the market has stalled.  As of this writing, Bitcoin is moving between $16,900 and $17,100. The cryptocurrency still maintains profits from its previous week, but today’s trading session has leaned towards the downside.  BTC’s price moving sideways on the daily chart. Source: BTCUSDT Tradingview No Christmas Miracle For Bitcoin? In a recent market update, trading…

Why LTC’s Rally is Far From Over

Litecoin price started a strong increase above the $70 resistance against the US Dollar. LTC is currently consolidating and might aim more upsides above $85. Litecoin started a strong increase above the $65 and $70 levels against the US Dollar. The price is now trading above $70 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $74.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price must clear the $83.20 and $84.65 to start another increase…

CRO Price (Cronos) Pumps Over 12%, Why This Could Be The Start of Bigger Rally

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CRO price started a fresh increase from the $0.062 support zone. Cronos bulls are now aiming a strong move towards the $0.094 level in the near term. CRO price started a decent increase above the $0.065 resistance against the US dollar. The price is trading above $0.070 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of the CRO/USD pair (data source from Coinbase). The pair could continue to rise towards the $0.080 and…