Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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AVAXAnalyst Predicts AVAX Breakout: Is $30 The Next Target?
Avalanche (AVAX) is trading around $25 after a 10% surge since last Thursday, as the broader crypto market shows signs of recovery. Bitcoin and most altcoins are trending up from their yearly lows, with AVAX at a critical price level that could shape its price action in the weeks ahead. Analysts and investors are closely monitoring the situation, predicting significant volatility for Avalanche. Many are calling for a potential change in trend, with some projecting a sharp and aggressive rally…
10 months ago
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Bitcoin3-Year Cup-And-Handle Pattern Promises To Send Bitcoin Above $100,000
Crypto analyst Jelle has highlighted a bullish pattern that has been forming on the Bitcoin chart for the last three years. The analyst suggested that it could soon be time for the pattern to play out, with a price target of $100,000 and above in sight if it does. 3-Year Cup And Handle Pattern Could Soon Play Out For Bitcoin In an X (formerly Twitter) post, Jelle stated that it shouldn’t be long before the 3-year cup and handle pattern…
10 months ago
Here Are The Major Developments That Could Drive Ethereum Price Back Above $4,000
Ethereum, the second largest crypto by market cap, is trading at $2,420 after a recent price rally. Ethereum has been up by 3.4% and 6.3% in the past 24 hours and seven days, respectively, which has raised hopes for an extended bullish run. As the price performance continues to unfold, some major developments are taking root, which could pave the way for Ethereum’s price to rally back above the $4,000 mark. Stablecoin Transaction Volume Hits New High Despite the bearish…
10 months ago
Analysts Kick Against Cardano Recovery, Says ADA Price Is Destined For 33% Crash
The overall bearish sentiment for Cardano (ADA) continues to rise as analysts now foresee a massive 33% price crash for the altcoin. This pessimistic projection comes as ADA struggles to gain traction in the market, with its value remaining stagnant or steadily dropping to lower levels. Cardano (ADA) Crash Incoming Compared to other prominent altcoins in the crypto market, Cardano has performed poorly, struggling with price declines and sluggish growth. Consequently, a crypto analyst, identified as ‘Financialfreedomgoals’ on TradingView, predicted that cryptocurrency…
10 months ago
112,000 ETH Moved To Crypto Exchanges In The Past Day — Impact On Ethereum Price?
The Ethereum price has been one of the major talking points in the crypto space lately, having been under significant bearish pressure in recent weeks. However, the second-largest cryptocurrency seems to be on a recovery path following its first positive weekly performance in more than a month. Recent on-chain data shows that significant amounts of ETH tokens have made their way to centralized exchanges in the past day. The question now is — could this hamper the recent progress shown…
10 months ago
Solana Liquid Staking Could Touch $18 Billion – Will It Benefit These Altcoins?
A new report has highlighted the key changes that could follow a significant increase in Solana liquid staking. Driven by strong investor demand, if Solana’s liquid staking were to reach $18 billion, it could significantly benefit Solana (SOL) and Jito (JTO), a liquid staking token on the Solana blockchain, potentially fueling positive momentum and a rise in the value of both altcoins. Adoption Boom To Ignite Solana Liquid Staking Over the past few years, SOL has had an impressive run,…
10 months ago
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KEYPEPE Faces Potential 5% Drop, Eyes Key Support Level Retest
After a recent breakout, PEPE has experienced a notable drop as it moves to retest crucial support levels. This retest is crucial for the cryptocurrency, as it will determine whether the bullish momentum can continue or if the price will struggle to hold above this level. The aim of this article is to analyze PEPE’s recent price action as it drops to retest critical support at $0.00000766 following a breakout. It will examine whether this support level can hold and…
10 months ago
Shiba Inu Seen Exploding 1,000%-7,300%: Bold Predictions Signal Massive Growth
Once more making waves with some fascinating predictions is Shiba Inu (SHIB). Top trader Dexter has set an ambitious long-term target for the meme coin despite market volatility, expecting it may rise from $0.00001389 to $0.00015, which is almost a 1,000% increase. SHIB is exhibiting a 1.27% growth over the previous 24 hours, and over 7% in the last week. Still, it’s not getting much traction even while the larger crypto market shows an improving trend. Analyst Krao at TradingView…
10 months ago
BTC and ETH Prices Recovering – Watch These Altcoins That Could Skyrocket If Bulls Run This Autumn
Bitcoin and Ethereum are showing signs of recovery, hinting at an upcoming bullish season. As market leaders regain their strength, other cryptocurrencies could also see significant gains. This article highlights the altcoins poised for potential explosive growth in the coming autumn months, providing insights into which digital assets might offer the most promising opportunities. Bitcoin Bitcoin is currently battling between $51,786 and $59,008, as both bulls and bears vie for control. Although the price remains below the recent high of…
10 months ago