Tag: Rally

Ripple is Primed For Rally And Only 1 Thing is Holding it Back

Ripple is facing resistance near $0.46 against the US Dollar. XRP price could start a fresh rally if it is able to clear the $0.46 and $0.478 resistance levels. Ripple is consolidating above the key $0.442 support zone against the US dollar. The price is facing hurdles near $0.460 and the 100 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $0.4605 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a strong increase if there is…

Shiba Inu price drops to record low vs Dogecoin — Will history repeat with a 150% rally?

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Shiba Inu (SHIB) price can rise by nearly 150% versus its top meme-coin rival, Dogecoin (DOGE), in the coming months, based on a technical fractal. SHIB hits record low against DOGE The bullish setup appears as the SHIB/DOGE pair rebounded slightly after dropping to 0.0000841 — its lowest level ever — on Nov. 1. The price level coincided with a descending trendline that has served as strong support for the pair since November 2021. For instance, Shiba Inu’s previous drop to the said trendline occurred in May 2022, which preceded…

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Ethereum Price Eyes Fresh Rally Unless ETH Dips Below This Support

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Ethereum is showing positive signs above the $1,550 zone against the US Dollar. ETH could start a fresh rally unless it breaks the $1,550 support zone. Ethereum is consolidating and is showing positive signs above the $1,550 support zone. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh surge if it clears the $1,600 and $1,620 levels. Ethereum…

Chainlink (LINK) Breaks 180 Days Of Accumulation, Will Price Rally To $12?

LINK’s price shows strength as it attempts a major breakout from its range channel of over 180 days of accumulation as the price eyes a rally to $12. LINK could rally more as the price creates more bullish bias by breaking out of its range channel, but the price has struggled to regain more strength as Bitcoin (BTC) ranges.  LINK’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Chainlink (LINK) has yet…

Why The Dogecoin And Meme Coin Rally May Not Be Over Just Yet

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Dogecoin is still riding the wave of the hype that came with the completion of the deal between Elon Musk and the social media platform Twitter. The meme coin had been able to rally towards six-month highs and broke several major resistance levels along the way. Even now, the rally in the price of the digital asset is expected to continue and in doing so, it will take the entire meme coin sector with it. Meme Coins Follow Dogecoin Over the last week, meme coins have stuck closely to Dogecoin’s…

Dogecoin (DOGE) Mammoth Rally Takes Break, Why Dips Turned Attractive

Dogecoin surged over 100% and broke $0.12 against the US Dollar. DOGE is correcting gains, but dips might be limited below the $0.10 level. DOGE extended its rally and it cleared the $0.1000 and $0.1200 resistance levels against the US dollar. The price is trading well above the $0.1000 zone and the 100-day simple moving average. There was a break above a major bearish trend line with resistance near $0.070 on the daily chart of the DOGE/USD pair (data source from Kraken). The pair is correcting gains, but the bulls…

Ether Sees Biggest Weekly Gain in 3 Months, ETH-BTC Rally to Continue

“Ether may continue to outperform bitcoin as ETH’s annual issuance continues to fall rapidly. Therefore, thanks to the transaction fee burn mechanism, any increase in on-chain activity should bring Ethereum firmly into deflationary issuance territory and may have a substantial outsized effect on Ethereum’s price,” Josh Olszweicz, head of research at digital asset fund manager Valkyrie Investments, told CoinDesk. Source

ApeCoin Shows Bullish Bias; This Level Needs To Be Broken For A Rally To $7

APE’s price shows strength as it bounces from a downtrend range price rallied to a high of $5 with eyes set on $7.  APE could rally more as the price creates more bullish bias by breaking out of a downtrend triangle with eyes set on rallying higher. APE’s price remains strong on the daily timeframe below the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Apecoin (APE) in the past few days has been tremendous, with Bitcoin (BTC) creating a more…

Why The DOGE Price Rally Could Foretell An Altcoin Season

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The DOGE price action brings reminisces of the 2021 bull run to crypto traders and market participants. The meme coin is trending to the upside, supported by the Elon Musk Twitter takeover. The billionaire purchased the social media for over $40 billion, and the market expects Dogecoin to play a role in its future.  At the time of writing, the DOGE price stands at $0.13 for the first time since May 2022. The meme coin records a massive profit of 56% in the last 24 hours and 121% over the…