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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Dogecoin (DOGE) Leaps Higher: Can The Momentum Last?
Dogecoin is recovering losses from the $0.1020 zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1165 resistance. DOGE price started a fresh increase above the $0.1100 resistance level. The price is trading above the $0.1120 level and the 100-hourly simple moving average. There was a break above a major bearish trend line with resistance at $0.1100 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish…
8 months ago
Ethereum Price Back Above $2,500: Is a Bigger Move Coming?
Ethereum price started a fresh increase from the $2,300 support zone. ETH is rising and might aim for a move above the $2,550 resistance. Ethereum started a decent increase above the $2,350 and $2,420 levels. The price is trading above $2,420 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,435 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,525 and $2,550 resistance levels to…
8 months ago
XRP Price Eyes Breakout: Will It Recover Lost Ground?
XRP price is consolidating above the $0.5080 support level. The price could gain pace if it clears the $0.5450 resistance zone in the near term. XRP price is still consolidating above the $0.5080 support. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish pace if it clears…
8 months ago
Bitcoin Price Ready to Resume Gains: Can the Uptrend Return?
Bitcoin price started a fresh increase above the $62,000 zone. BTC is gaining pace and might aim for more gains above the $63,500 zone. Bitcoin is eyeing a fresh increase above the $63,500 zone. The price is trading above $63,250 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $62,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears…
8 months ago
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AltcoinsBittensor (TAO) Soars 130% – What’s Behind The Altcoin’s Recent Surge?
Bittensor (TAO) has been garnering attention for its exceptional performance, surpassing Bitcoin and the broader cryptocurrency market. TAO has experienced a 15% increase in the past 24 hours, and it has appreciated by over 130% in the past 30 days. This extraordinary expansion has established TAO as one of the most successful altcoins, attracting the attention of both institutional and retail investors. The altcoin’s future potential is a significant factor in the development of this momentum. Recent price predictions show…
8 months ago
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TokenLido (LDO) Faces Massive Correction As Token Losses Mount To 20%
The Lido (LDO) short-term position continues to be compromised in the face of a market-wide correction phase, dragging the altcoin market to the mud. As of writing, the token has lost over 20% in value, representing a massive flip in investor sentiment. The market has not been faring any better as it lost nearly 2% in value, wiping nearly $800 million in market cap in the past 24 hours. Lido’s development persists despite the market’s apparent bearishness, the most recent…
8 months ago
Dogecoin Large Transactions On The Rise — Can This Fuel DOGE Price Recovery?
Dogecoin increased in value by more than 12% in the historically bearish month of September but has not quite been able to replicate its excellent form this October. The DOGE price has been under significant bearish pressure in the past few days, reflecting the sluggish climate of the crypto market over the past week. However, the latest on-chain revelation has pointed out that the price of Dogecoin might not be down for too long. Large investors of the meme coin…
8 months ago
72% Of ETHUSDT Traders On Binance Go Long – Is This The Buy Signal You Need?
In a recent trading activity on the crypto exchange Binance, 72% of ETHUSDT traders have taken long positions. This interesting sentiment is revealed through the trading analytics platform CoinGlass. This surge in long position is more notable as it comes after a week of Ethereum trending downwards. The strong tilt toward long positions suggests that most traders are confident Ethereum’s price will rebound in the coming week. On the other hand, 27.97% of Binance traders are still holding short positions…
8 months ago
Which Cryptocurrency Under $1 Will Pump the Hardest and Achieve a 10,000% Surge Like Solana (SOL) in 2021? Top 3 Contenders
In the turbulent and fast-paced world of cryptocurrency, investors are looking for the next big breakout under $1, with tokens that might provide exceptional returns akin to Solana's (SOL) dramatic 10,000% spike in 2021.Low-cost, high-potential cryptocurrencies entice investors to accept the market's inherent dangers in exchange for enormous profits. The proper token might fly from obscurity to the forefront, offering exponential incentives to early adopters.In this article, we delve into the top three contenders under $1- Rexas Finance, Dogs Token,…
8 months ago