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…
Bullish
Ethereum Price Continues Its Climb: Bullish Momentum Drives Higher Gains
Ethereum price extended its increase above the $3,900 resistance. ETH is now consolidating near $3,880 and might continue to grind higher in the near term. Ethereum started another increase above the $3,850 resistance. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up and test the $4,000 resistance zone…
1 year ago
Bitcoin Price Aims Higher: Bullish Trend Signals New Peaks Ahead
Bitcoin price climbed higher above the $70,000 level. BTC is now holding gains above support and might aim for another increase in the near term. Bitcoin extended its increase above the $70,000 zone. The price is trading above $69,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $69,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there…
1 year ago
Dogecoin (DOGE) Price on the Cusp of a Bullish Liftoff Amid Meme Coins Frenzy
The post Dogecoin (DOGE) Price on the Cusp of a Bullish Liftoff Amid Meme Coins Frenzy appeared first on Coinpedia Fintech News Dogecoin (DOGE), the flagship meme coin secured by the legendary proof-of-work (PoW) consensus method, has been gathering bullish momentum after a successful retest of the macro uptrend breakout. The large-cap meme coin, backed by tech billionaire Elon Musk and over 7.3 million holders, has been forming a similar fractal breakout as the prior macro bull cycles. Worth noting…
1 year ago
XRP Bullish Outlook: Analyst Predicts Mega Run On The Horizon
In a strikingly optimistic forecast amidst favorable market conditions, cryptocurrency analyst and trader Edrag Crypto, has provided a bullish review for XRP, predicting that a massive run for the digital asset could be on the horizon. The analysis explores a confluence of positive market indicators and trends that demonstrates the potential for XRP to attract significant price surges and gains, positioning the coin as a promising asset in the ever-evolving world of cryptocurrency. Edrag Crypto’s bullish prediction for XRP is…
1 year ago
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BullishShiba Inu: Weekly Volume Patterns Indicate Bullish Sentiment
The post Shiba Inu: Weekly Volume Patterns Indicate Bullish Sentiment appeared first on Coinpedia Fintech News Shiba Inu is seen moving by repetitive volume patterns that occur at the start of each week and then descend throughout. It has shown relative consistency, where a spike is evident at the beginning of the week and then subsides. This probably reflects a reset for the asset as it moves harmoniously with its trading dynamics. The general market sentiment around Shiba Inu is…
1 year ago
Michael Saylor’s Bullish Turn on Spot ETH ETFs
The post Michael Saylor’s Bullish Turn on Spot ETH ETFs appeared first on Coinpedia Fintech News In a 360-degree turnaround, Michael Saylor unexpectedly made a bullish statement regarding Spot ETH ETFs. Earlier, Saylor strongly criticized Ethereum and other cryptocurrencies, as he claimed those digital currencies were investment contracts and that assets like Ethereum would never be wrapped in spot Ethereum ETFs. But in a recent interview, Saylor completely reframes his narrative after the ETH ETF approval, stating the Ethereum ETF…
1 year ago
Ethereum Price Sets Sights on New Peaks: Anticipating a Bullish Breakout
Ethereum price is again moving higher above the $3,800 resistance. ETH is now consolidating near $3,850 and is eyeing an upside break above $4,000 in the near term. Ethereum started a fresh increase above the $3,750 resistance. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there…
1 year ago
ORDI, Rebel Satoshi ($RBLZ), Cosmos – Expert Calls Bullish Price Correction On These 3 Coins
The post ORDI, Rebel Satoshi ($RBLZ), Cosmos – Expert Calls Bullish Price Correction On These 3 Coins appeared first on Coinpedia Fintech News Cosmos’ new partnership with Xion, could see ATOM rise to $12.411 before the end of June. Top analysts are positive that ORDI will surge to $60.55 by the end of June Rebel Satoshi ($RBLZ) is set to surge massively as its post-listing performance gives investors confidence. Following bullish price movements in recent weeks, crypto market experts have…
1 year ago
XRP Faces New Challenges, New AI Crypto Marks its Bullish Breakthrough
The post XRP Faces New Challenges, New AI Crypto Marks its Bullish Breakthrough appeared first on Coinpedia Fintech News Despite the uptick in the XRP network, the eighth-largest cryptocurrency might not be out of the woods yet after facing rejection at a notable symmetrical trendline. Meanwhile, Borroe Finance ($ROE) is strategically positioning itself in the decentralized finance (DeFi) and general crypto sector thanks to its unique Web3 approach, making it one of the viral token launches. Borroe Finance Renders a…
1 year ago