Tag: Rally

FTX (FTT) Token Flashes Buy Ahead Of A Rally, Will $35 Be Reclaimed

The FTX (FTT) token has had a difficult time, but it has recently flashed a buy signal, indicating that the price is poised to rise against tether (USDT). The crypto market’s early week saw altcoin prices surge as most coins rallied with significant price gains, with the FTX (FTT) token poised to make a relief bounce. (Data from Binance) FTX (FTT) Token Price Analysis On The Weekly Chart  Weekly FTT Price Chart | Source: FTTUSDT On Tradingview.com The price of FTX has struggled to maintain its bullish momentum in recent…

Bitcoin and altcoins pop to the upside, but upcoming macro events could cap the rally

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The 13% gains in the six days leading to Sept. 12 brought the total crypto market capitalization closer to $1.1 trillion, but this was not enough to break the descending trend. As a result, the overall trend for the past 55 days has been bearish, with the latest support test on Sept. 7 at a $950 billion total market cap. Total crypto market cap, USD. Source: TradingView An improvement in traditional markets has accompanied the recent 13% crypto market rally. The tech-heavy Nasdaq Composite Index gained 6.2% since Sept. 6…

How Litecoin (LTC) Is Able To Muster A 5-Day Straight Rally

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Litecoin (LTC) is performing at its peak levels as seen in the past five days. LTC exhibits the formation of a rising parallel channel pattern LTC price is down by 0.69% as of this writing LTC price on a 5-day straight rally registered a growth of 21.4% LTC is having a bull run as validated by the formation of a rising parallel channel pattern touching the key resistance seen at $66. The key resistance zone has been a major hurdle for LTC hindering any bullish growth for the past couple…

Avalanche Outmatches Top Cryptos As AVAX Posts 11% Rally In Last 7 Days

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Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies.         August shows a whopping 46 million transactions made on the Avalanche network         Avalanche network busy with major developments and integrations         4-hour chart for AVAX shows bullish movement It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX. August registers roughly 46 million transactions made on the Avalanche network which is a…

Why The Ethereum Price Could Rally Above $1,800 Before A Big Crash

The Ethereum price is following Bitcoin as the two largest cryptocurrencies by market capitalization trend to the upside. The market is currently facing low timeframe resisting, but the general sentiment seems to have flipped bullish across the board. At the time of writing, Ethereum price trades at $1,700 with a 5% and 7% profit in the last 24 hours and 7 days, respectively. In the meantime, Bitcoin is outperforming with a 10% profit over the past trading session. ETH’s price with minor gains on the 4-hour chart. Source: ETHUSDT Tradingview…

Will Bitcoin’s rally sustain? DXY, SPX, GC and WTI could have the answer

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Federal Reserve Chairman Jerome Powell said in a question and answer session hosted by the Cato Institute on Sept. 8 that the central bank will continue to hike rates until inflation is under control. However, these comments did not rattle the markets as much as most would have anticipated, indicating that traders might have already factored in a 75 basis point rate hike in the Fed’s next meeting on Sept. 20–21. Bitcoin has been strongly correlated with the S&P 500 and inversely correlated with the United States dollar index (DXY)…