Tag: Rally

Bitcoin Rally Signal? Analyst Links Binance Spot Volume Surges To Price Upswings

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Bitcoin (BTC) may be on the cusp of another rally, as leading cryptocurrency exchange Binance saw its spot volume rise from around 40% on July 15 to as high as 60% on July 18. Historical data suggests that surges in Binance’s spot market share have frequently preceded upward movements in BTC’s price. Bitcoin Rally Imminent? Binance Data Suggests So According to a CryptoQuant Quicktake post by contributor Amr Taha, Binance’s spot volume market share surging to 58% on July 23, has further strengthened the premier cryptocurrency’s $117,000 support. Related Reading…

Bitcoin Remains Overbought, PlanB Warns of Extended Rally

Key Notes PlanB forecasted Bitcoin RSI to remain above 80 for months, mirroring past bull cycles. BTC hovers near $118K amid mounting liquidity above spot price, signaling an imminent short squeeze. Technical chart shows a rising wedge with weakening MACD and volatile BoP, suggesting caution. Bitcoin’s BTC $118 692 24h volatility: 0.1% Market cap: $2.36 T Vol. 24h: $54.47 B recent rally to an all-time high of $123,000 may just be the beginning of a sustained period of overbought conditions, according to renowned analyst PlanB. In a recent post on…

XRP Price Trims Gains After Rally – Is This Just a Healthy Correction?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

XRP 10% Plunge Not The End Of Rally, Says Crypto Exec

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Despite a 10% plunge in XRP over the past 24 hours, the Ripple-linked cryptocurrency is still on track to regroup and surpass its 2018 all-time high, according to a crypto executive. “While it’s difficult to pinpoint exact levels in such a fast-moving market, a further move beyond the current all-time high would not be surprising if market conditions remain favourable and capital rotation from Bitcoin continues,” Bitpanda deputy CEO Lukas Enzersdorfer-Konrad told Cointelegraph on Wednesday. XRP hinges on the broader market rally continuing  XRP (XRP) reached a year-to-date high of…

Bitcoin Price Aims Fresh Gains After Consolidation: Can the Rally Resume?

Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,250 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,600 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $118,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,000 resistance zone. Bitcoin Price Aims…

Nearly $600M In Open Interest Sparks Rally Talk

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

ADA Holds Critical $0.75 Support After Open Interest Drops 9.48% – Rally or Crash Ahead?

Key Notes Long position closures drove ADA’s decline, with open interest falling 9.48% and options volume dropping 92.94%. The $0.75 support level aligns with the 20-day Keltner Channel baseline and represents crucial technical defense. Holding above $0.75 could enable a recovery toward $1.00, while failure may trigger a slide to $0.70. Cardano ADA $0.82 24h volatility: 7.0% Market cap: $29.56 B Vol. 24h: $1.68 B led losses in the altcoin market on July 23, tumbling 10.23% intraday to a low of $0.82. Behind Ripple XRP $3.22 24h volatility: 8.8% Market…

ETH Rally To $4K Still Possible Despite Recent Sell-off

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Key point: SharpLink Gaming and BitMine Immersion Technologies have been on an Ether (ETH) buying spree to take the mantle of the largest public ETH holder. BitMine claimed the top spot after it reported holding 300,657 ETH on Thursday, but Sharplink overtook it after the latest round of purchases last week, which boosted its holding to 360,807 ETH. Could ETH buying by public firms boost the price higher? Let’s analyze the charts to find out. ETH price prediction ETH turned down from $3,860 on Monday and has broken below the…

Grok AI Predicts 5× SOL Rally If Spot ETF Approved

Key Notes GrokAI notes strong meme coin momentum, technical upgrades like Alpenglow, and potential spot Solana ETF approval could lead to a parabolic SOL price rally. SOL recently broke above $200 for the first time since February, forming a cup-and-handle pattern per analyst Ali Martinez. The Rex-Osprey Solana Staking ETF (SSK) amassed over $100 million AUM in 12 trading days, signaling rising institutional interest. SOL SOL $195.4 24h volatility: 3.5% Market cap: $105.20 B Vol. 24h: $21.42 B , the native cryptocurrency of Solana, has been on investors’ radar recently.…

Analyst Predicts Explosive 126% Shiba Inu Rally After SHIB Surpasses Litecoin Market Cap

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Crypto analyst Maddox has provided a bullish outlook for Shiba Inu, predicting an explosive rally. His prediction comes as SHIB surpasses Litecoin to climb into the 18th spot on the list of largest cryptocurrencies by market capitalization.  Shiba Inu Eyes Explosive 126% Rally In a TradingView post, Maddox predicted that Shiba Inu could record a 126% rally to $0.0003579 from its current price level. The analyst noted that SHIB has printed confirmed weekly bullish divergence in the Relative Strength Index (RSI). The top meme coin is now attempting to overcome…