Tag: Rally

Record-high surge in Ethereum Name Service domains triggers 90% rally in ENS

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A handful of industries and tech workers are shifting from Web2 to Web3 and with this move, awareness of blockchain technology is also spreading. Ethereum Name Service (ENS) is one project that is looking to help facilitate Web3 adoption by making it easier for Dapp users to interact with the Ethereum network. This is accomplished through the creation of human-readable Ethereum addresses that can be converted into the normal machine-readable alphanumeric codes. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $14 on April 26,…

Cardano price drops to level that sparked a 65% ADA rally in March — Will history repeat?

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Cardano (ADA) price has been rebounding after falling to its worst levels since February 2021. Meanwhile, a technical fractal suggests that ADA’s upside retracement could continue in the coming weeks. Can ADA price extend the recovery? ADA’s price has started bouncing after testing the same support area that preceded a 65% bull run in March 2022.  Specifically, ADA/USD witnessed a bullish rejection as its price fell below $0.75 on Feb. 24, a move that followed a short period of sideways consolidation. It later broke out of the flat price range,…

Nexo Token Enjoys Short-Lived Rally Upon Binance Listing

Pablo Jódar, financial products manager at Storm Partners, a systems provider for the cryptocurrency space in Europe, said Nexo got a positive tailwind from the recent partnership announcement with Mastercard (MA). The credit card company unveiled a crypto-backed payments card that allows users to spend without having to sell their digital assets, and offers customers 2% cash back on their transactions. Source

Bitcoin price slow to react as US dollar rally stops at 20-year highs

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Bitcoin (BTC) stayed rangebound on April 29 as a welcome retracement saw the U.S. dollar come down from 20-year highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $40,600 as “crucial” breaker Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hugging support near $39,300 after failing to hold $40,000. The pair had managed some modest upside despite a “parabolic rally” in U.S. dollar strength throughout the week. The U.S. dollar index (DXY) finally began cooling Friday after reaching its highest levels since 2002. Despite its inverse correlation, BTC/USD…

Ethereum May Rally To $3k If Bulls Hold On To Long Position

The price of Ethereum (ETH) was in bad health on Tuesday, falling almost 6% to the south and breaking below $2,800. Bulls, on the other hand, were waiting to jump in and buy ETH at a steep discount. The price of Ethereum is up 2.5% in early trading and appears to be heading back to $3,018.55, recouping Tuesday’s losses. Ethereum May Recover The price of Ethereum was stung by dismal earnings from Alphabet, Wall Street’s favorite tech stock, with Youtube losing market share to Tik Tok. Investors quickly rebalanced and…

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Monero ‘falling wedge’ breakout positions XMR price for 75% rally

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Monero (XMR) price dropped by nearly 10% three days after establishing a week-to-date high around $290 on April 24. Nonetheless, several technical indicators suggest that the XMR/USD pair is poised to resume its uptrend over the next few months. Falling wedge breakout underway Notably, XMR’s price broke out of its “falling wedge” structure in late March. It continued its move upside in the later daily sessions, with rising volumes indicating bullish sentiment among Monero traders. Traditional analysts consider falling wedges as bullish reversal patterns, i.e., the price first consolidates within…

Bitcoin Investors Eye 200-Day Average After Three-Day Rally, Analyst Says

“Bitcoin held important cloud-based support near $40,000 and has generated an oversold ‘buy’ signal from the daily stochastics after a three-day rally, supporting a short-term bullish bias,” Stockton said in an email. “The daily MACD is pinched as well, reflecting improved short-term momentum that supports a move higher toward next resistance near $48.1K, defined by the 200-day MA.” Source 200DayAnalystAverageBitcoinEyeInvestorsRallyThreeDay CryptoX Portal

Monero Soars 50% As Crypto Market Weakens, What’s Behind the Rally?

Popular privacy coin Monero (XMR) has been on a rally since the start of 2022. The cryptocurrency appears to be moving on its own as the crypto market trends sideways. Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally Recently, XMR bulls are displaying more strength. At the time of writing, XMR trades at $285 with a 6% profit in 24 hours, a 34% and 50% profit in the last two weeks and 30-days, respectively. XMR on an upward trend on the…