Tag: Rally

MATIC Price Prediction: Why Rally Isn’t Over Yet

MATIC price started a major increase from the $0.840 support zone. Polygon buyers pumped the price above $1.20 and there could be more upsides. MATIC price rallied above the $1.00 and $1.20 resistance levels against the US dollar. The price is trading well above $1.00 and the 100 simple moving average (4-hours). There is a key contracting triangle forming with resistance at $1.22 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise and might soon revisit the $1.50 resistance zone. Polygon’s…

Apecoin (APE) Price Ranges As Altcoins Rally; Are Bulls In Control?

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 APE’s price fails to rally high as the price continues to stall in its price movement despite the market looking green across boards.   APE’s price continues to trend below key support as the price tries to build more strength to overcome this area of resistance that has held the price from rallying.  APE’s price remains indecisive on the daily timeframes as the price trades below the 50 and 200 Exponential Moving Averages (EMA). The price of Apecoin (APE) has failed to rally like other altcoins in the past few weeks…

Solana (SOL) Continues To Lag In Price; SOL Must Do This One Thing To Rally

 SOL’s price fails to rally high as the price continues to stall in its price movement despite the market looking green across boards.   SOL’s price continues to trend below key support as the price tries to build more strength to overcome this area of resistance that has held the price down.  SOL’s price remains strong on the daily timeframes as the price trades below the 50 Exponential Moving Average (EMA). The price of Solana (SOL) has yet to show some good price action to the upside as the price has…

XRP Price Spikes 10% and Could Extend Rally To $0.55 or Higher

Ripple started a strong increase above the $0.460 resistance against the US Dollar. XRP price broke many hurdles near $0.478 and might rise further towards $0.55. Ripple started a fresh increase from the key $0.442 support zone against the US dollar. The price is now trading nicely above $0.480 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.4600 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if there…

Polygon (MATIC) Among Top Performers, Can It Sustain The Rally?

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Popular Ethereum layer-2 token MATIC has surged over 17% in the last 24 hours, leading the crypto market in gains. Its price jumped from the previous day’s low of $0.815 to a local high of above $1. However, the price succeeded in breaking through the $1 barrier, settling at $1.13 at press time. MATIC’s price had fallen for five days in a row beginning on October 29th. However, it has recently seen a remarkable uptick due to several positive developments. Meta’s recent announcement about supporting NFTs on Instagram leveraging Polygon…

Shiba Inu Struggle Continues As Altcoins Rally With Over 70% Gain; Here Is Why

SHIB’s price shows much strength after breaking out from its long-range channel movement.   SHIB trade with good volume, breaking out from a range channel as the price eyes a rally past to a region of $0.0000135.  SHIB’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA. Shiba Inu (SHIB) price showed some great price action as the price rallied, trying to mimic the price of DOGE after seeing the price of DOGE rally by over…

Why Cardano (ADA) Could Be Gearing Up For A Rally

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Cardano (ADA) price has struggled tremendously since it hit its all-time high price of $3.10 back in 2021. Even now, with the crypto market recovery, ADA has not made as many gains as others in the market as indicators point largely toward bearishness for the digital asset. However, a new development could see a recovery in the price ofCa Cardano. FTX Plans To List ADA FTX remains the only one of the largest crypto exchanges that are yet to list Cardano. Obviously, this has not gone over well with members…

BNB Chain cools off after 24% surge, but strong fundamentals could back the next BNB rally

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After an impressive 23.7% rally between Oct. 25 and Oct. 31, Binance Chain BNB, has faced a strong rejection from the $330 resistance. Is it possible that the two-day 6% sell-off from the $337.80 peak could indicate that further trouble is ahead? Let’s take a look at what the data shows. BNB Coin (BNB) 12-hour at Binance, USD. Source: TradingView Analysts pinned the recent rally to the Oct. 28 news that Binance had invested $500 million in Twitter. However, the network’s deposits and decentralized applications metrics have not accompanied the…

Litecoin pre-halving fractal hints at 200% LTC price rally by July 2023

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The price of Litecoin (LTC) could skyrocket by up to 200% by July 2023, coinciding with its halving event, reducing miner block rewards by 50%. Litecoin has bottomed out? Litecoin has undergone two halvings since its launch in October 2011. The first one occurred in August 2015, which reduced its block reward from 50 LTC to 25 LTC. The second happened in August 2019, which slashed the 25 LTC reward to 12.5 LTC. Interestingly, each Litecoin halving event occurred after a volatile LTC price cycle, namely an enormous price pump, followed by…