Tag: Rally

Shiba Inu eyes 50% rally as SHIB price enters ‘cup-and-handle’ breakout mode

boss

Shiba Inu (SHIB) broke out of its prevailing “cup-and-handle” pattern on Aug. 14, raising its prospects of securing additional gains in the coming weeks. Shiba Inu could soar 50% A cup-and-handle appears when the price falls and rises in a U-shaped trajectory in the first stage, followed by a swift move sideways or downward in the second. Notably, the price trend develops under a common resistance level. Typically, cup-and-handle patterns resolve after the price breaks above the resistance level; SHIB did the same on Aug. 14 after rising 27% to…

TA- The Price Of Axie Infinity Struggles Despite Crypto Relief Rally

The price of Axie Infinity (AXS) has struggled recently with a few bullish signs against Tether (USDT) despite market sentiments around the project. As a result of the “Merge” sentiments, this has led to many altcoins showing relief rallies and newer altcoins making all-time highs; the price of Axie Infinity has struggled to rally despite many expectations on AXS holders. The Merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) to increase its network efficiency in transactions. (Data feeds from Binance) Axie Infinity (AXS) Price…

Bitcoin battles 2-month resistance amid ‘most hated’ stocks rally

boss

Bitcoin (BTC) pierced the top of a stubborn trading range on Aug. 11 as a decidedly awkward rally took hold of risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin retracement warnings intensify near $25,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $24,750 on Bitstamp, marking its best performance since June 13. The pair had attempted several breakouts to the top of the range in prior weeks, these all failing in the face of stiff selling pressure. New United States inflation data released this…

CNBC trying to TANK the price of Cryptocurrency! [Bitcoin, Ethereum, Cardano, & Dogecoin]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC report on Ethereum Community Conference is sus | Bitcoin is *This* Scarce | Cardano vs Dogecoin | Ethereum Merge is Coming Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:42 – CNBC covers Ethereum Community Conference 1:28 – CNBC anchors want to hear about the FEAR at the conference 2:05 – Video Clip 1: Kenzie clarifies the situation for…

Celsius community rally to perform another short squeeze attempt

boss

The Celsius (CEL) community has rallied on Twitter once again to fight off short positions against its favored crypto token despite multiple challenges faced by the exchange, including bankruptcy and rumors of the company’s CEO fleeing from the United States. Thousands of tweets with the #CelShortSqueeze hashtag have been posted on the social media platform, advertising their long positions on CEL while encouraging others to do the same and post more content about the short squeeze. According to Twitter user Logantheinvestor, the community is “at war with the shorts.” Another…

Ethereum Investors Close 300k Long Positions on Bitfinex, Rally To Stop Soon?

boss

Data shows around 300k in ETHUSD long positions have been closed on the Bitfinex Ethereum futures market, something that could provide impedance to the latest rally. Ethereum Long Positions Have Dropped By More Than 300k During The Last Few Days On Bitfinex As pointed out by an analyst in a CryptoQuant post, the past data of the ETHUSD long positions on the crypto exchange Bitfinex would suggest the current pattern may prove to be bearish for the value of the coin. The relevant metric here is the total number of…

CEL Rallies To $2 As Bankruptcy Proceedings Continue, But Rally May Just Be Starting

boss

Celsius (CEL) has been rallying in recent times. The native token of the now bankrupt Celsius Network had taken a nosedive when the company had first filed for bankruptcy, but it seems the time is changing with the recent recovery. As Celsius continues with its proceedings, the price of CEL has shot up over the last week, reaching as high as $2. What Is Behind CEL Recovery? The recovery in CEL’s price has obviously come as a surprise to the market. The altcoin had struggled tremendously before finding its footing…

TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

The price of STEPN (GMT) could be set for a major rally against Tether (USDT) after showing bullish signs.  Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like STEPN bouncing off from their weekly lows. (Data feeds from Binance) Price Analysis Of GMT On The Weekly Chart Weekly STEPN Price Chart Analysis | Source: GMTUSDT On Tradingview.com From the chart, the price of GMT saw a weekly low of around $0.58, which bounced from that range and rallied to $1.…

TA- Cosmos Could Be Set For A Wild Rally Ahead Of Crucial Breakout

boss

The price of Cosmos (ATOM) could be set for a wild rally with a potential breakout against Tether (USDT) ahead of summer relief for altcoins.  Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like Cosmos breaking out in price. (Data feeds from Binance) Price Analysis Of ATOM On The Weekly Chart Weekly Price Chart Analysis For ATOM | Source: ATOMUSDT On Tradingview.com From the chart, the price of ATOM saw a weekly low of around $6.5, which bounced from that…